Boutique Women Designer Wear

Pre-Feasibility Study Prime Ministers Small Business Loan Scheme
(Boutique Women Designer Wear)
Small and Medium Enterprises Development Authority Ministry of Industries & Production
Government of Pakistan
www.smeda.org.pk
HEAD OFFICE
4th Floor, Building No. 3, Aiwan e Iqbal, Egerton Road, Lahore Tel 92 42 111 111 456, Fax 92 42 36304926-7 helpdesk@smeda.org.pk
REGIONAL OFFICE PUNJAB 3rd Floor, Building No. 3, Aiwan e Iqbal, Egerton Road Lahore, Tel: (042) 111-111-456 Fax: (042)6304926-7 helpdesk.punjab@smeda.org.pk
REGIONAL OFFICE SINDH 5TH Floor, Bahria Complex II, M.T. Khan Road, Karachi. Tel: (021) 111-111-456 Fax: (021) 5610572 helpdesk-khi@smeda.org.pk
REGIONAL OFFICE KPK Ground Floor State Life Building The Mall, Peshawar. Tel: (091) 9213046-47 Fax: (091) 286908 helpdesk-pew@smeda.org.pk
REGIONAL OFFICE BALOCHISTAN Bungalow No. 15-A Chaman Housing Scheme Airport Road, Quetta. Tel: (081) 831623, 831702 Fax: (081) 831922 helpdesk-qta@smeda.org.pk
September 2013
Pre-Feasibility Study
Boutique Women Designer Wear
Table of Contents
1.DISCLAIMER ............................................................................................................................... 2 2.PURPOSE OF THE DOCUMENT ................................................................................................ 3 3.INTRODUCTION TO SMEDA ...................................................................................................... 3 4.INTRODUCTION TO SCHEME ................................................................................................... 4 5.EXECUTIVE SUMMARY ............................................................................................................. 4 6.BRIEF DESCRIPTION OF PROJECT & PRODUCT .................................................................. 5 7.CRITICAL FACTORS .................................................................................................................. 5 8.INSTALLED & OPERATIONAL CAPACITIES ........................................................................... 6 9.GEOGRAPHICAL POTENTIAL FOR INVESTMENT AND POTENTIAL TARGET MARKETS ........................................................................................................................................ 6 10. 11. 11.1. 11.2. 11.3. 11.4. 11.5. 11.6. 11.7. 11.8. 11.9. 11.10. 12. 13. 13.1. 13.2. 13.3. 13.4. 13.5. 14. PRODUCTION PROCESS FLOW ......................................................................................... 7 PROJECT COST SUMMARY ................................................................................................ 8 PROJECT ECONOMICS ...................................................................................................... 8 PROJECT FINANCING ........................................................................................................ 8 PROJECT COST ................................................................................................................ 9 SPACE REQUIREMENT ...................................................................................................... 9 MACHINERY, EQUIPMENT AND FURNITURE FOR WORKSHOP ............................................. 10 OFFICE FURNITURE AND EQUIPMENT ............................................................................... 10 RAW MATERIAL REQUIREMENTS ...................................................................................... 11 HUMAN RESOURCE REQUIREMENT .................................................................................. 11 REVENUE GENERATION .................................................................................................. 12 OTHER COSTS ........................................................................................................... 13
CONTACT DETAILS OF EXPERTS & CONSULTANTS .................................................... 14 ANNEXURE.......................................................................................................................... 15 INCOME STATEMENT ....................................................................................................... 15 CASH FLOW STATEMENT ................................................................................................ 16 BALANCE SHEET............................................................................................................. 17 USEFUL PROJECT MANAGEMENT TIPS ............................................................................. 18 USEFUL LINKS ................................................................................................................ 19 KEY ASSUMPTION ............................................................................................................. 20
1. DISCLAIMER
This information memorandum is to introduce the subject matter and provide a general idea and information on the said matter. Although, the material included in this document is based on data/information gathered from various reliable sources; however, it is based upon certain assumptions which may differ from case to case. The information has been provided on as is where is basis without any warranties or assertions as to the correctness or soundness thereof. Although, due care and diligence has been taken to compile this document, the contained information may vary due to any change in any of the concerned factors, and the actual results may differ substantially from the presented information. SMEDA, its employees or agents do not assume any liability for any financial or other loss resulting from this memorandum in consequence of undertaking this activity. The contained information does not preclude any further professional advice. The prospective user of this memorandum is encouraged to carry out additional diligence and gather any information which is necessary for making an informed decision, including taking professional advice from a qualified consultant/technical expert before taking any decision to act upon the information. For more information on services offered by SMEDA, please contact our website: www.smeda.org.pk
2. PURPOSE OF THE DOCUMENT

The objective of the pre-feasibility study is primarily to facilitate potential entrepreneurs in project identification for investment. The project pre-feasibility may form the basis of an important investment decision and in order to serve this objective, the document/study covers various aspects of project concept development, start-up, and production, marketing, finance and business management. The purpose of this document is to facilitate potential investors in Boutique Women Designer Wear business by providing them with a general understanding of the business with the intention of supporting potential investors in crucial investment decisions. The need to come up with pre-feasibility reports for undocumented or minimally documented sectors attains greater imminence as the research that precedes such reports reveal certain thumb rules; best practices developed by existing enterprises by trial and error, and certain industrial norms that become a guiding source regarding various aspects of business set-up and its successful management. Apart from carefully studying the whole document one must consider critical aspects provided later on, which form basis of any Investment Decision.
3. INTRODUCTION TO SMEDA
The Small and Medium Enterprises Development Authority (SMEDA) was established in October 1998 with an objective to provide fresh impetus to the economy through development of Small and Medium Enterprises (SMEs). With a mission "to assist in employment generation and value addition to the national income, through development of the SME sector, by helping increase the number, scale and competitiveness of SMEs" , SMEDA has carried out sectoral research to identify policy, access to finance, business development services, strategic initiatives and institutional collaboration and networking initiatives. Preparation and dissemination of prefeasibility studies in key areas of investment has been a successful hallmark of SME facilitation by SMEDA. Concurrent to the prefeasibility studies, a broad spectrum of business development services is also offered to the SMEs by SMEDA. These services include identification of experts and consultants and delivery of need based capacity building programs of different types in addition to business guidance through help desk services.
4. INTRODUCTION TO SCHEME
Prime Ministers Small Business Loans Scheme, for young entrepreneurs, with an allocated budget of Rs. 5.0 Billion for the year 2013-14, is designed to provide subsidised financing at 8% mark-up per annum for one hundred thousand (100,000) beneficiaries, through designated financial institutions, initially through National Bank of Pakistan (NBP) and First Women Bank Ltd. (FWBL). Small business loans with tenure upto 7 years, and a debt : equity of 90 : 10 will be disbursed to SME beneficiaries across Pakistan, covering; Punjab, Sindh, Khyber Pakhtunkhwah, Balochistan, Gilgit Baltistan, Azad Jammu & Kashmir and Federally Administered Tribal Areas (FATA).
5. EXECUTIVE SUMMARY
The pre-feasibility study provides information on key facets of starting a Boutique business for Women Designer Wear. Growing number of boutiques have become an emblem of successful haute couture clothes business in Pakistan. Most people especially women prefer them on ordinary garment brands. There has been a mushroom growth in women designer wear boutiques since the last decade since they offer versatility and sophistication. This trend is not only confined to metropolis alone but has also spread to small cities and towns. The rise is attributed to growing middle class, exposure to media, entertainment, movies, internet and also to a fleet of qualified fashion designers graduating from fashion schools every year. Aspiring fashion graduates or potential entrepreneurs may find this growing sector a good prospect to capitalize on their potential, talent and market opportunity. The boutique business venture entails a total a total investment of about Rs. 2.20 million. This includes a capital investment of Rs.1.37 million and a sum of Rs.0.837 million as working capital. The project is financed through 90% debt and 10% equity. The Net Present Value (NPV) of the project is around Rs. 4.54 million with an Internal Rate of Return (IRR) of 55% and a payback period of 2.20 years. The project will generate direct employment opportunity for 20 persons. Higher return on investment and a steady growth of business is expected with the entrepreneur having some prior experience in the related field of business. This pre feasibility encompasses essential information regarding various aspects of starting a Boutique Women Designer Wear business in Pakistan.
6. BRIEF DESCRIPTION OF PROJECT & PRODUCT

Boutique sector (women design wear) has mushroomed over the last few years, mostly in posh areas of big cities of Pakistan i.e. Lahore, Islamabad, Karachi, Peshawar, Quetta, Faisalabad, Sialkot and Multan. This pre-feasibility study focuses on establishing a women designer wear boutique in any metropolis of Pakistan. The boutique business venture entails a total investment of about Rs. 2.20 million. This includes a capital investment of Rs.1.37 million and a sum of Rs.0.837 million as working capital. The boutique will offer a wide choice of clothes to its clientele ranging from traditional dresses, prt a porter casual, semi casual to formal/bridal wear. Both traditional and western dresses tailored to local needs will be offered to the customers. There is a good potential for exports of Pakistani dresses abroad also as there is a large population of Pakistani expatriates in UAE, USA and UK.
7. CRITICAL FACTORS
Following are the factor critical for the success of this business venture; Selection of a good location for the outlet Ability to produce/acquire unique designs and pattern making/cutting and safe guarding such design from piracy Selection of affordable and quality raw materials i.e. fabric, accessories Emphasis on quality i.e. stitching and finishing, appropriate labelling, display and packaging Marketing and promotion through various channels i.e. catalogues/pamphlets, outdoor advertisement, hoardings/flex signs, TV & cable ads, fashion shows, participation in exhibitions, promotion through social media (facebook etc) Right product mix, proper inventory management, emphasis on customer services Employing and retaining skilled labor Higher return on investment and a steady growth of business is expected with the entrepreneur having some prior experience in the related field of business.
8. INSTALLED & OPERATIONAL CAPACITIES

The boutique business installed capacity will largely depend on the market size it will operate and the number of potential clientele it wishes to cater to. The said women designer wear boutique will have 1 in-house designer/owner, 1 production manager and 1 design assistant / purchaser (detailed human resource requirement i.e. master tailors, embroidery workers, sales persons etc. is provided in the human resource section of the document). The project will require installing 4 machines (single needle), one over-lock machine, one embroidery machine and 2 generators (1 for the outlet and 1 for the workshop). The unit will be able to produce 2,240 dresses. On average, a designer can draw/design 3,000 designs per annum from which around 100 designs are selected on average. Breakup of the total number of dresses will be as follows:
Table 1: Installed Capacity of the Boutique
Total designs selected by designer Number of dresses in each design Number of dresses in each size Total Number of Ready Made Dresses Made to Order as percentage of Ready Made Dresses @ 40%. Total No. of Dresses
100 4 4 1,600 640 2,240
9. GEOGRAPHICAL POTENTIAL POTENTIAL TARGET MARKETS
FOR
INVESTMENT
AND
The recommended location for setting up a boutique business will be a posh or semi-posh area of a metropolitan city that can offer easy access of customers to the outlet. It is further recommended that the proposed location should be taken on rent. The size of the shop should be at least 350 Sq.ft with a monthly approximate rent of 38,500. A small building will be required to establish the stitching unit in a 5 Marla double story premises with an estimated rent of 13,500. The boutique will offer a wide choice of clothes to its clientele ranging from traditional dresses, prt a porter casual, semi casual to formal/bridal wear. Both traditional and western dresses tailored to local needs will be offered to the customers. The ideal target market will be the city in which the sales outlet shall be opened, however, there is a good potential for exports of Pakistani dresses
abroad also as there is a large population of Pakistani expatriates in UAE, USA and UK.
10.
PRODUCTION PROCESS FLOW
The process for converting fabric in designer wear garments follows the below mentioned sequence: Purchasing of Raw Material
Designing
Pattern Making
Stitching
Cutting
Embroidery
Finishing
Presentation
Market/Clientele
11.
PROJECT COST SUMMARY
A detailed financial model has been developed to analyze the commercial viability of Boutique (Women Designer Wear) under the Prime Ministers Small Business Loan Scheme. Various cost and revenue related assumptions along with results of the analysis are outlined in this section. The projected Income Statement, Cash Flow Statement and Balance Sheet are attached as appendix. 11.1. Project Economics
All the assumptions in this financial model are based upon maximum production of 2,240 dresses. Whereas the production target at 75% capacity utilization is 1,680 dresses. The following table shows internal rates of return and payback period.
Table 2: Project Economics
Description Internal Rate of Return (IRR) Payback Period (yrs) Net Present Value (NPV)
Details 55% 2.20 Rs. 4,544,117
Returns on the project and its profitability are highly dependent on the unique designs and quality of purchased raw material. In case critical factors (described above) are not adhered to, the Boutique unit may not be able to operate optimally. 11.2. Project Financing
Following table provides details of the equity required and variables related to bank loan;
Table 3: Project Financing
Description Total Equity (10%) Bank Loan (90%) Markup to the Borrower (%age/annum) Tenure of the Loan (Years)
Details Rs. 220,367 Rs.1,983,300 8% 7
11.3.
Project Cost
Table 4: Capital Investment
Capital Investment Machinery & Equipment Furniture & fixtures Office equipment Pre-operating Cost Total Capital Costs Initial Working Capital Total Project Cost
Amount (Rs.) 300,500 437,620 232,000 396,164 1,366,284 837,383 2,203,667
Following requirements have been identified for operations of the proposed business. 11.4. Space Requirement
The area has been calculated on the basis of space requirement for workshop and outlet which has to be taken on rent. However, the units operating in the industry do not follow any set pattern. Following table shows calculations for project space requirement.
Table 5: Space Requirement
Space Requirement Workshop Area Outlet Total Area
Sq. ft 2,250 350 2,600
Rent / Sq. ft 6 110
Rent per month (Rs.) 13,500 38,500 52,000
Workshop will be rented in the outskirts of big cities where skilled workers are available.
11.5.
Machinery, Equipment and Furniture for Workshop
Following table provides list of machinery, equipment and furniture required for an average stitching workshop for Boutique.
Table 6: List of Machinery, Equipment and Furniture
Description Single Needle Lock Stitching Machine with Servomotor Over lock Machine with Servomotor Embroidery Machine (50 Pattern) with Servomotor Generator for Workshop (6 KW) Furniture (Iron & Cutting Tables, Chairs, Cabinet, etc) Workshop Accessories (Embroidery Frame sets, Scissors, Cutting & Measuring Scale, etc) Air Conditioner Lightening and Iron Total 11.6.
Quantity
Cost Rs/unit 26,000 33,500 53,000 70,000
Total Rs. 104,000 33,500 53,000 70,000 103,200
4 1 1 1
26,300
50,000
50,000 25,740 465,740
Office Furniture and Equipment
Following table provides details of office furniture and equipment required for this project.
Table 7: List of Office Furniture and Equipment
Quantity Laptop (Used/New) Printers Telephone Sets 5 2 2
Cost 40,000 15,000 1,000
Amount 200,000 30,000 2,000
10
Furniture Interior Designing for Shop Air conditioners Energy savers, fans, etc Generator (2.5 KVA) Total 11.7. Raw Material Requirements 1 1 1 50,000
23,600 150,000 50,000 8,780 40,000 504,380
Normally raw material cost of the dress varies between 15% to 30% of its sales price, but in this pre-feasibility study it is assumed that cost of a dress will be 24% of its sales price. 11.8. Human Resource Requirement
Following table provides details of human resource required for the project along with monthly salaries;
Table 8: Human Resource Requirement
Description Owner Manager Production Manager Design Assistant and Purchaser Master Tailor Tailor / Stitching Master Embroidery Worker Press / Iron Man Dyer Cashier / Head Sales Girl Sales Girls Accountant Office Boy
No. of Employees 1 1 1 2 5 1 1 1 1 2 1 1
Salary per month (Rs) 38,000 35,000 25,000 13,000 11,000 10,000 10,000 10,000 15,500 12,500 17,000 10,000
11
Guard Total
2 20
11,000 298,500
The table above provides details of human resource required to run such a project. It is assumed that the owner should have some experience or knowledge about Boutique business. Design Manager will design all the dresses with his team and seek approval from owner before the stitching process. Other staff stated above will perform as per their assigned job description. Salaries of all employees are estimated to increase at 10% annually. 11.9. Revenue Generation
Table 9: Revenue in First Year
Product
Dresses
Sales Price (Rs./Unit) 3,000 6,600 15,000
First Year Production at 75% capacity 1,008 504 168 1,680 70
First Year Sales Revenue (Rs) 3,024,000 3,326,400 2,520,000 8,870,400 (369,600) 8,500,800
Casual Semi Formal Formal Total Sales Finished Goods Inventory Minus Total Sales Revenue
1,344 672 224 2,240
Following tables provide assumption for revenues and costs;

Table 10: Product Mix
Category Casual Wear Semi Formal Wear Formal Wear
% Of Total Outfits 60% 30% 10%
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Table 11: Average Sales
Category Casual Wear Semi Formal Wear Formal Wear
Avg. Price per outfit 3,000 6,600 15,000

Table 12: Precentage of Costs
Category Casual Wear Semi Formal Wear Formal Wear 11.10. Other Costs
Cost (percentage of sales) 24% 24% 24%
An essential cost to be borne by the Boutique is rent of the outlet and workshop. A promotional expense in this pre-feasibility study is taken @10% of sales which is essential for this business as marketing plays an important role in the growth of this business.
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12.
CONTACT DETAILS OF EXPERTS & CONSULTANTS
Principal National College of Arts 4- Shahrah-E-Qaid-E-Azam, Lahore Tel: +92 42 99210599, 99210601 Pakistan Readymade Garments Technical Training Institute 71-L, Gulberg-III, Lahore Ph: 042-9230756, 9230757
Principal Pakistan School of Fashion Design 51-J/3, Johar Town, Lahore TEL: +92 42 3531 5401 08
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13.
ANNEXURE
Income Statement
13.1.
Income Statement
Revenue Cost of sales Cost of goods sold 1 Operation costs 1 (direct labor) Operating costs 2 (machinery maintenance) Operating costs 3 (direct electricity) Total cost of sales Gross Profit General administration & selling expenses Administration expense Administration benefits expense Building rental expense Electricity expense Travelling expense Communications expense (phone, fax, mail, internet, etc.) Office expenses (stationary, entertainment, janitorial services, etc.) Promotional expense Depreciation expense Amortization of pre-operating costs Subtotal Operating Income Gain / (loss) on sale of office equipment Earnings Before Interest & Taxes Interest expense on long term debt (Project Loan) Subtotal Earnings Before Tax Tax NET PROFIT/(LOSS) AFTER TAX
Year 1 8,500,800 2,040,192 1,966,500 32,200 139,801 4,178,693 4,322,107
Year 2 10,380,832 2,491,400 2,245,922 39,321 170,720 4,947,362 5,433,470
Year 3 11,448,730 2,747,695 2,471,023 43,366 188,282 5,450,366 5,998,363
Year 4 12,593,603 3,022,465 2,711,605 47,703 207,110 5,988,883 6,604,720
Year 5 13,852,963 3,324,711 2,975,611 52,473 227,821 6,580,616 7,272,346
Year 6 15,238,259 3,657,182 3,265,320 57,721 250,603 7,230,827 8,007,433
Year 7 16,762,085 4,022,900 3,583,236 63,493 275,664 7,945,293 8,816,792
Year 8 18,438,294 4,425,190 3,932,105 69,842 303,230 8,730,368 9,707,925
Year 9 20,282,123 4,867,709 4,314,941 76,826 333,553 9,593,030 10,689,093
Year 10 22,310,335 5,354,480 4,735,049 84,509 366,909 10,540,947 11,769,388
1,530,000 45,900 624,000 171,496 212,520 22,950 15,300 850,080 120,212 39,616 3,632,074 690,033 690,033 150,705 150,705 539,328 13,933 525,395
1,678,963 50,369 686,400 188,645 259,521 25,184 16,790 1,038,083 120,212 39,616 4,103,784 1,329,686 1,329,686 132,425 132,425 1,197,261 102,089 1,095,172
1,842,429 55,273 755,040 207,510 286,218 27,636 18,424 1,144,873 120,212 39,616 4,497,232 1,501,131 1,501,131 112,628 112,628 1,388,503 130,775 1,257,728
2,021,811 60,654 830,544 228,261 314,840 30,327 20,218 1,259,360 120,212 39,616 4,925,844 1,678,876 1,678,876 91,187 91,187 1,587,688 165,037 1,422,651
2,218,657 66,560 913,598 251,087 346,324 33,280 22,187 1,385,296 120,212 39,616 5,396,817 1,875,529 92,800 1,968,329 67,968 67,968 1,900,362 227,572 1,672,789
2,434,669 73,040 1,004,958 276,195 380,956 36,520 24,347 1,523,826 133,031 39,616 5,927,159 2,080,273 2,080,273 42,821 42,821 2,037,452 254,990 1,782,462
2,671,711 80,151 1,105,454 303,815 419,052 40,076 26,717 1,676,209 133,031 39,616 6,495,833 2,320,958 2,320,958 15,586 15,586 2,305,372 308,574 1,996,798
2,931,833 87,955 1,215,999 334,197 460,957 43,977 29,318 1,843,829 133,031 39,616 7,120,714 2,587,211 2,587,211 2,587,211 369,303 2,217,909
3,217,280 96,518 1,337,599 367,616 507,053 48,259 32,173 2,028,212 133,031 39,616 7,807,360 2,881,734 2,881,734 2,881,734 442,933 2,438,800
3,530,519 105,916 1,471,359 404,378 557,758 52,958 35,305 2,231,034 133,031 39,616 8,561,875 3,207,513
3,207,513 3,207,513 524,378 2,683,135
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13.2.
Cash Flow Statement
Cash Flow Statement
Year 0 Operating activities Net profit Add: depreciation expense amortization of pre-operating costs Deferred income tax Accounts receivable Finished goods inventory Equipment inventory Raw material inventory Pre-paid building rent Accounts payable Cash provided by operations Financing activities Project Loan - principal repayment Working Capital Loan - principal repayment Issuance of shares Purchase of (treasury) shares Cash provided by / (used for) financing activities Investing activities Capital expenditure Acquisitions Cash (used for) / provided by investing activities NET CASH
Year 1 525,395 120,212 39,616 13,933 (163,029) (181,682) (1,515) (58,362) (31,200) 94,835 358,203
Year 2 1,095,172 120,212 39,616 102,089 (18,028) (24,996) (1,087) (48,681) (34,320) 20,881 1,250,858
Year 3 1,257,728 120,212 39,616 130,775 (28,268) (20,420) (1,235) (58,182) (37,752) 13,141 1,415,615
Year 4 1,422,651 120,212 39,616 165,037 (21,218) (22,438) (1,427) (70,401) (41,527) 14,422 1,604,928
Year 5 1,672,789 120,212 39,616 227,572 (23,054) (24,656) (1,648) (85,185) (45,680) 16,186 1,896,153
Year 6 1,782,462 133,031 39,616 254,990 (25,360) (27,092) (1,903) (103,074) (50,248) 18,193 2,020,617
Year 7 1,996,798 133,031 39,616 308,574 (27,896) (29,769) (2,198) (124,719) (55,273) 20,483 2,258,647
Year 8 2,217,909 133,031 39,616 369,303 (30,685) (32,711) (2,539) (150,910) (60,800) 23,100 2,505,313
Year 9 2,438,800 133,031 39,616 442,933 (33,754) (35,944) (2,932) (182,601) (66,880) 26,097 2,758,367
Year 10 2,683,135 133,031 39,616 524,378 (37,129) (39,497) 21,850 1,052,132 735,680 (23,816) 5,089,381
(5,367) (170,016) (312,000) (487,383)
220,367 2,203,667
(220,241) (220,241)
(238,521) (238,521)
(258,318) (258,318)
(279,758) (279,758)
(302,978) 296,097 (6,881)
(328,125) (328,125)
(355,359) (355,359)
(1,366,284) (1,366,284) 350,000
137,962
1,012,337
1,157,297
1,325,170
(296,097) (296,097) 1,593,175
1,692,492
1,903,288
2,505,313
2,758,367
5,089,381
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13.3.
Balance Sheet
Balance Sheet
Year 0 Assets Current assets Cash & Bank Accounts receivable Finished goods inventory Equipment spare part inventory Raw material inventory Pre-paid building rent Total Current Assets Fixed assets Machinery & equipment Furniture & fixtures Office equipment Total Fixed Assets Intangible assets Pre-operation costs Total Intangible Assets TOTAL ASSETS Liabilities & Shareholders' Equity Current liabilities Accounts payable Total Current Liabilities Other liabilities Deferred tax Long term debt (Project Loan) Long term debt (Working Capital Loan) Total Long Term Liabilities Shareholders' equity Paid-up capital Retained earnings Total Equity TOTAL CAPITAL AND LIABILITIES 350,000
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
5,367 170,016 312,000 837,383 300,500 437,620 232,000 970,120
487,962 163,029 181,682 6,881 228,378 343,200 1,411,133 270,450 393,858 185,600 849,908
1,500,299 181,057 206,678 7,969 277,059 377,520 2,550,582 240,400 350,096 139,200 729,696
2,657,596 209,325 227,099 9,204 335,242 415,272 3,853,737 210,350 306,334 92,800 609,484
3,982,766 230,543 249,537 10,630 405,642 456,799 5,335,918 180,300 262,572 46,400 489,272
5,575,941 253,597 274,192 12,278 490,827 502,479 7,109,315 150,250 218,810 296,097 665,157
7,268,433 278,957 301,284 14,181 593,901 552,727 9,009,483 120,200 175,048 236,878 532,126
9,171,721 306,853 331,054 16,379 718,620 608,000 11,152,627 90,150 131,286 177,658 399,094
11,677,034 337,538 363,765 18,918 869,531 668,800 13,935,585 60,100 87,524 118,439 266,063
14,435,401 371,292 399,710 21,850 1,052,132 735,680 17,016,064 30,050 43,762 59,219 133,031
19,524,781 408,421 439,206 20,372,408 -
396,164 396,164 2,203,667
356,548 356,548 2,617,589
316,931 316,931 3,597,210
277,315 277,315 4,740,536
237,699 237,699 6,062,888
198,082 198,082 7,972,555
158,466 158,466 9,700,075
118,849 118,849 11,670,570
79,233 79,233 14,280,881
39,616 39,616 17,188,712
20,372,408
94,835 94,835
115,716 115,716
128,856 128,856
143,278 143,278
159,464 159,464
177,657 177,657
198,139 198,139
221,239 221,239
247,336 247,336
223,520 223,520
1,983,300 1,983,300
13,933 1,763,059 1,776,992
116,022 1,524,538 1,640,560
246,797 1,266,220 1,513,018
411,835 986,462 1,398,297
639,407 683,484 1,322,891
894,397 355,359 1,249,756
1,202,971 1,202,971
1,572,274 1,572,274
2,015,207 2,015,207
2,539,585 2,539,585
220,367 220,367 2,203,667
220,367 525,395 745,762 2,617,589
220,367 1,620,567 1,840,934 3,597,210
220,367 2,878,295 3,098,662 4,740,536
220,367 4,300,946 4,521,313 6,062,888
516,464 5,973,736 6,490,200 7,972,555
516,464 7,756,198 8,272,662 9,700,075
516,464 9,752,996 10,269,460 11,670,570
516,464 11,970,904 12,487,368 14,280,881
516,464 14,409,704 14,926,168 17,188,712
516,464 17,092,839 17,609,303 20,372,408
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13.4. Technology
Useful Project Management Tips
Required spare parts & consumables: Suppliers credit agreements and availability as per schedule of maintenance be ensured before start of operations. Machinery Suppliers: Should be asked for training and after sales services under the contract with the machinery suppliers. Quality Assurance Equipment & Standards: Products quality standards need to be defined on the packaging.
Marketing Product Development & Packaging: Expert help may be engaged for product/service and packaging design & development. Ads & Point of Sale Promotion: Business promotion and dissemination through banners and launch events is highly recommended coupled with utilizing marketing through social media.
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13.5.
Useful Links
Prime Ministers Office, www.pmo.gov.pk Small and Medium Enterprises Development Authority, www.smeda.org.pk National Bank of Pakistan (NBP), www.nbp.com.pk First Women Bank Limited (FWBL), www.fwbl.com.pk Government of Pakistan, www.pakistan.gov.pk Ministry of Industries & Production, www.moip.gov.pk Ministry of Education, Training & Standards in Higher Education, http://moptt.gov.pk Government of Punjab, www.punjab.gov.pk Government of Sindh, www.sindh.gov.pk Government of Khyber Pakhtunkhwa, www.khyberpakhtunkhwa.gov.pk Government of Balochistan, www.balochistan.gov.pk Government of Gilgit Baltistan, www.gilgitbaltistan.gov.pk Government of Azad Jamu Kashmir, www.ajk.gov.pk Trade Development Authority of Pakistan (TDAP), www.tdap.gov.pk Security Commission of Pakistan (SECP), www.secp.gov.pk Federation of Pakistan Chambers of Commerce and Industry (FPCCI) www.fpcci.com.pk State Bank of Pakistan (SBP), www.sbp.org.pk Pakistan Institute of Fashion Design (PIFD), www.pifd.edu.pk Pakistan Fashion Design Council (PFDC), www.pfdc.org
19
14.
KEY ASSUMPTION
Table 13: Operating Assumptions
Days operational per month (Workshop) Days operational per month (Outlet)
25 30
Table 14: Cash Flow Assumptions
Accounts Payable (Days) Accounts Receivable (Days) Raw Material Inventory (Days) Finished Goods Inventory (Days)
15 7 30 15
Table 15: Expense Assumptions
Promotional and Marketing Expense Administration benefit expenses Travelling Expense
10% of sales 3% on administration expense 2.5% of sales
20

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