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PROJECT REPORT
ON
PARTLIPUTRA FISHERIES
(DURING THE PERIOD OF OCTOBER 2008)
SUBMITTED TO
RESPECTED MR V.S.SOLANKI SIR
FACULTY IPM
SUBMITTED BY
RABINDRA KUMAR RAWANI
SATISH TIWARI
RAKESH BHARDWAJ
SUSANT KUMAR AMBUJ
Content
1. Title.
2. Introduction.
3. Objectives.
4. Methodology.
5. Operations.
6. Revenues.
7. U.S.P.
8. Feasibility report.
INTRODUCTION
Fisheries business is a business of versatility nature from different point
of view it proved to be a best business in this globalize world. As it is
early said it is of versatility nature so it encompass all class of people.
From profit point of view fisheries business is a best business. Profit can
be earn by selling even small and big fish. So fish can be taken out of
lake or pond when there is necessities of money. So “Lake is a bank not
a tank”. In this business investment is less and profit is just like
compound interest because fresh and big fishes prices are always more.
Experience business man engage in it all around the year and always
earn huge profit.
As foreign major carp like silver carp grass carp and common carp is
being slold in the market is in 40 per kg(Whole sale)According to Rate
determine by Govt which is less than market rate.
To reach to the each section of people marketing Segmentation is very
much necessary.
Developing product into brand is very necessary to reach to the
corporate level. So by satisfying the consumer needs and making it loyal
by slowly and steadly establishing in the taste of consumer is very
necessary to develop product into brand .
As our tag line is fresh and alive which signifies our product and
differentiate it from the market.
Consumer always search fresh and alive. And if it is positioned to
consumer that our product is fresh and alive ( as people are not
getting it from market). Our product will sold in the market as a hot
cake. So positioning of our product in market as Fresh and Alive will
help in developing our product as brand.
As our main competitor is fishes coming from Andra Pradesh are being
supplied (packed in ice).
So here we would be able to compete and defeat our competitor
through ideology of Fresh and Alive.
Stocking
lake
sss
Set up
fan 1,000
licenses 10,000
cash 3,01,000
boat 2,000
preliminary ex 322,000
boring ex+payloder
36,96,000 36,96,000
CONTRIBUTION 524,000
35,10,000 35,10,000
TYPES OF FISHES
KATLA:-
The head of this fish is some what pointed and smaller in comparison to
its body. The scale of this fish is faded red in color. It mainly feeds on
algae and small water plants. It grows up to 800 to 900 grams in 5 to 7
months.
SILVER CARP:-
The head of this fish is bended upwards. Its scale is of silver in color. Its
origin is Hong Kong and Japan.
It mainly feeds on algae and small water plants.
It can grow up to 1 to 1.5 k.g. in 5 to 7 months.
GRASS CARP:-
This fish is long and slim in size. And the head of this fish is wide and
mouth is somewhat spherical in shape.
Initially it feeds on small water plants small fishes mosquito larva etc.
but later on it feeds on hydrilla, leaves of baggage, napier grass etc.
In 5 to 7 months it grows up to 4 to 5 k.g.
So this fish is very economical. It is also said that if you are feeding
single grass carp you are feeding four fishes.
COMMON CARP:-
It is of three types namely mirror carp, leather carp, and scale carp. It is
also of Chinese origin. Its head is small but the body is fat. This fish is
omnivores i.e. it feeds on larvae of insects and water plants.
UNIQUE SELLING PROPOSITION
Since the main aim of our business is to serve our fish to every class of
customer. So our unique selling proposition is to serve Fresh and Alive
fishes at low prices.
The demand of alive fishes in Patna and other places of Bihar are very
high. That is why the normal selling rate of KATLA and ROHU in Patna
is 100 to 120 rupees per k.g.
Every year Bihar imports fishes from Andhra Pradesh amounting to 250
crores. This is a very big amount. And these fishes are stored in ice and
they are lacking in taste. They are also sold at 60 to 70 rupees per k.g.
so we our main competitor are the fishes of Andhra. We will compete
with them in the field of taste and freshness.
In patna rajapur market, boring road chouraha fish market, danapur fish
market are the big places of attraction of the customers. From our fish
farm these places are nearby.
FEASIBILITY REPORT.
Controlling Staffing
Directing
MARKET PENETRATION:-
As a producer we will offer to the distributors as well as retailers that if
they will order large amount of fishes then the transportation cost will
be worn by us.
Also we will supply the fishes at lower prices than that of competitors by
keeping our margin low.
We will also distribute some gifts to the distributors and retailers who
will be our regular customers or loyal customers.
MARKET DEVELOPMENT:-
We will find new channels of distribution of the fishes where the demand
is more outside Patna such as Muzaffarpur, bakhtiyarpur, Hajipur,
Munger, Bhagalpur. We will provide fresh and alive fishes to the
customers instead of the ice fishes supplied from Andhra-Pradesh.
After two or three years of our business we will do aquarium business to
attract those customers who love to decorate their homes with these
beautiful fishes.
PRODUCT DEVELOPMET:-
Initially we are concentrating only on big fishes such as ROHU, KATLA
etc. but after one year of our business we will also produce small fishes
which are of high demand such as BACHWA,PATYA etc. to attract those
customers who love to eat small fishes. We will be in profit also because
retail rate of BACHWA fish is around 100 to 120 rupees. And that of
PATYA fish is around 200 to 250 rupees per k.g.
DIVERSIFICATION:-
We will do related diversification by opening aquarium business in
future. We will do it so by importing colored and beautiful fishes and
opening retail shops related to it.
We will do forward vertical integration by opening retail chain stores for
selling of fishes along with the production of fishes.
We will also open restaurants in future serving different types of fishes
in future. This will be the first restaurant in Bihar which will serve
different items based on fishes.
MARKETING STRATEGY
SEGMENTING:-
We will segment the market of Patna into three parts namely East, west
and central part.
Introduction stage
In the introduction stage, we will build product awareness and develop
market for the product.
• Product branding and quality level is established.
• Pricing may be low penetration pricing to build market share
rapidly, or high skim pricing to recover development costs.
• Distribution is selective until consumers show acceptance of the
product.
• Promotion is aimed at innovators and early adopters. Marketing
communications seeks to build product awareness and to educate
potential consumers about the product
Growth stage
In the growth stage, we will seeks to build brand preference and
increase market share.
• Product quality and additional features is maintained.
• Pricing is maintained as business will enjoys increasing demand
with little competition .
• Distribution channels are added as demand increases and
customers accept the product.
• Promotion is aimed at a broader audience.
Maturity stage
At maturity, the strong growth in sales diminishes, Competitions may
appear with similar products. The primary objective at this point is to
defend market share while maximizing profit.
• Product features may be enhanced to differentiate the product
from that of competitors.
• Pricing may be lower because of the new competition.
• Distribution becomes more intensive and incentives may be
offered to encourage preference over competing products.
• Promotion emphasize product differentiation.
Decline stage
As sales decline, we have several options:
• We will maintain the product, possibly rejuvenating it by adding
new features and finding new uses.
• Harvest the product, reduce costs and continue to offer it, possibly
to a loyal niche segment.
Conclusion
Last but not least whole the member is dedicated after having
long survey to carry on the business efficiently and effectively
Thanking you