Artistic Craft Centre

Introduction

Art and craft is an enjoying field but it is different from other projects, especially to fulfil our
hobbies. The reason behind the project is that to create. decorate, innovate new things in a
new way like different types of showpiece like (newspaper boxes, shinning glasses, photo
decoration frame, decorative bulbs),etc. these all are show piece which will made by hands.
Artistic craft centre provide various craft products in the shop. It is a very interested work.
The scrap resources are the best source for making the handicraft things like: - paintings,
drawings, greeting cards, embroidery etc. Designing old things in a new form or in a new
manner it is also creativity. It is an interesting field and it will develop the thinking process.

Background of the project

Art and craft is different from other things. Many people enjoy of making art and craft
specially students, so it’s a very creative field to enhance our skills. The making of decorative
and functional objects, generally by hand. The hand and power tools are used to make the
craft objects. The main aim of art and craft is to create “something new", "something
creative”. Innovative ideas, creative thoughts help in making one thing. For at and craft the
Exhibitions are conducted in the cities. Also in parties decoration is the main problem so we
are providing the service for them. By the help of scrap material like:-plastic, newspaper etc.

1. Exhibition: - Participating in exhibition which is made up by hand made materials.

2. Sales of Handicraft/scrap products: - Modification of handicraft products by scrap
resources and also by Selling of handicraft products.

Objectives of the organisation

1. To make new or unique products by the combination of scrap resources and by use of
other materials.
2. To innovate an old thing in a new manner or “we can also say that to modify the
existing things in a new form”.
3. To invent new artistic things which do not exist into the market.
4. To develop creativity and imagination through a range of complex activities.
5. To increase the critical awareness of the roles and purpose of art, craft and design in
different times and cultures.

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 6. To develop the thinking process which means to think out of the box which will
enhance the skills of human being in different areas of art and craft.

Scrap resources: - Bulbs, Newspaper, Cardboards, Wool, Plastic bottles, Wires, Pictures,
Buttons etc.

SWOT

Strength

1. Interest toward art and craft of people.

2. Utilization of scrap resources.
3. Unique products.
4. It supports a tradition of skilled works.
5. Environment friendly.

Weakness

1. Lack of awareness toward art and crafts.

2. Difficult to find out the different types of raw material.
3. Difficult to find skilled artist.
4. Bargaining power.
5. Availability of raw material.

Opportunities

1. Providing training to the villagers.

2. Allocation of scrap material to invent new things.
3. Other jewellery/interior decoration opportunity in future.
4. Less competition.
5. Minimum investment.

Threats

1. Restrictions to explore yourself in the field of art and crafts.

2. Lack of interest toward art and craft.

Marketing analysis (4ps)

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1. Product: - Providing training of handmade products/material and also selling of those
handmade products which will be unique and different. Handmade products are
different from any other things. Interesting area to explore our self. People enjoy of
making all these things.

2. Price :-
For training: - Three month training will be provided for the trainees and the
minimum cost will be charged.
Minimum price of the product: - The price range of the product will be from 100 to
3,000. The prices for different product will be different.

3. Place: - The location which has been chosen to open the artistic craft centre is
Gwalior city Madhya Pradesh. This city has been selected because this city has not
any artistic craft center in Gwalior Madhya Pradesh city centre.

4. Promotion: - We will conduct the exhibitions through this we will promote the
unique products and also promoting the unique products into the art gallery.

1. Technical analysis

Fixed assets

1. 1 Land
2. Construction of Building

Tools and equipments:-

Other Fixed assets

1. 20 scissors
2. Electricity fitting (10 LED bulbs, 8 Fans, 6 Tube light)
3. Furniture ( 10 table, 20 chairs)
4. 1 Printer
5. 1 Laptop
6. 1 Water tanks (water cooler)

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 7. 2 A.C.
8. Cricut machine
9. Glue gun machine
10. Designing stencils

2. Working capital

Raw material

1. Glitters (20 packets)

2. 50 Designing paper
3. Pencil colour (20 packets)
4. 5 Fevicol (boxes)
5. Shinning materials
6. Water colours (20 packets)
7. 50 Colourful Sheets
8. 20 Tapes
9. 20 Colourful tapes
10. Paint colour (15 packets)
11. 15 Paint brush
12. 40 Colourful lazes
13. Thread and wires
14. 8 Calligraphy kit
15. 10 Colourful spray paint
16. Designing stencils

Wages and salary: - Artist will be requirement for making the craft products. Artist
also helps to invent something new and trying to modify the existing products.

1. 3 Male artist
2. 5 Female artist
3. 1 Receptionist

3. Administrative expenses

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 1. Stationary expenses
2. Electricity bill
3. Advertisement expenses

Financial analysis

Fixed assets

S.no. Material Cost Square Feet Amount

1. Land 10,00,000 1,000 sq. ft 10,00,000

2. Construction of 4,00,000 500 sq. ft 4,00,000
Building

Total of Fixed assets = 14, 00,000

Tools and equipments

Other Fixed assets

S.no. Material Cost Quantity Amount

1. Scissors 1,000 20 20,000

2. Equipment box 2,000 10 20,000
3. Electricity fitting (150+1500+200) (30 LED+10 Fans 21,100
(30 LED bulbs, 10 +8 Tube light )
Fans, 8 Tube light)
4. Furniture ( 10 tables, (1,000+2,000) ( 10 tables, 20 50,000
20 chairs) chairs)
5. Printer 1 5,000 5,000

6. Laptop 1 30,000 30,000

7. Water tank (water 30,000 1 30,000

cooler)
8. A.C. 30,000 2 60,000

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 9. Cricut machine 25,000 1 25,000

10. Glue gun machine 500 4 2,000

Total amount = 2, 63,100

Total Fixed assets

Fixed assets + Tools and equipments = 14, 00,000 + 2, 63,100 = 16, 63,100

Working capital

Raw material

S.no. Material Cost Quantity Amount

1. Glitters 50 20 (packets) 1,000

2. Designing paper 10 50 (papers) 500
3. Pencil colours 30 20 (packets) 600
4. Fevicol 500 5 (boxes) 2,500
5. Shinning material 400 - 400
6. Water colour 30 20 (packets) 600
7. Colourful sheets 10 50 (sheets) 500
8. Tapes 5 20 100
9. Colourful tapes 5 20 100
10. Paint colour 30 15 (packets) 450
11. Paint brush 5 15 75
12. Colourful lazes 15 40 600
13. Thread and wires 100 15 1,500
14. Calligraphy kit 200 8 1,600
15. Colourful Spray 250 10 2,500
paints
16. Designing stencils 200 10 2,000

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Total amount = 15,025

Wages and salary

S.no. Artist No. of employees Per Monthly Annual

salary salary
1. Male artist 3 8,000 96,000
2. Female artist 5 7,000 84,000
3. Receptionist 1 6,000 72,000

Total amount = 2, 52,000

Administrative expenses

S.no. Material Amount

1. Stationary expenses 2,000

2. Electricity bill 2,000
3. Advertisement expenses 1,000

Total amount = 5,000

Total working capital = 15,025 + 2, 52,000 +5,000 = 2, 72,025

Total cost of the project

Fixed assets + working capital = 16, 63,100 + 2, 72,025 = 19, 35,125

Sales realization:-

 Handicraft products
S.no. Particular Amount per Qty. Monthly Rs. Yearly Rs.
product
1. Statues of god 600 7 4,200 50,400

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 2. Sceneries 700 9 6,300 75,600

3. Decorative lamps 700 8 5,600 67,200

4. Paintings 1,000 8 8,000 96,000

5. Decorative bottles 500 7 3,500 42,000

6. Handbags 500 10 5,000 60,000

7. Flower pot 600 8 4,800 57,600

8. Wall hanging 700 7 4,900 58,800

9. Net window and 600 10 6,000 72,000

door curtain
10. Show pieces 600 10 6,000 72,000

11. Water fountain 500 5 2,500 30,000

12. Artificial foliage 2,000 5 10,000 1,20,000

vine
13. Decorative mirror 700 10 7,000 84,000
items
14. Artificial hanging 600 10 6,000 72,000
plant
15. Mini bulb string 500 10 5,000 60,000
light

Total amount = 1,017,600

Source of Finance

Source of Finance % Cost of our project estimated Interest per year

as per amount taken bank charge on
financed amount
Long term loan from 25 4,83,782 Base rate+8.65%
State Bank of India
(SBI) bank
Own capital 75 14,51,344

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Loan repayment schedule

Loan amount Instalment (Rs.) Interest (11.2%) Total payment (Rs.)

4,83,782 96,757 54,184 1,50,941

3,87,025 96,757 43,347 1,40,104
2,90,268 96,757 32,511 1,29,268
1,93,511 96,757 21,674 1,18,431
96,754 96,757 10,837 1,07,594

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