A Project Report onREADYMADE GARMENT SHOP[Special Reference to Ladies Garment Shop]A Project report submitted to the Maharaja Surajmal Institute,New Delhi.Submitted ByShivam AroraBBA(G)SEC-ARoll No.-01521201714-1-- 1 -This is to certify that, Shivam Arora is a bonafide studentof BBA. [Semester III] of Maharaja Surajmal InstituteThat the candidate has satisfactorily conducted the project work for not less than one academic year andThat the project is result of the candidates own research work and is of sufficiently high standard to warrant its presentation for examination.- 2 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]Candidates DeclarationI hereby declare that the project repost entitledReadymade Garment Shop is the result of my ownresearch work and it has not been submitted earlier by me to this or any other university.- 3 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]AcknowledgementWriting a project of this kind is very difficult job. But it could be completed because of the help and support from many corners. It is my desire to mention my fillings about support sources here.Every research, in any field, needs proper guidance of experts and knowledgeable person. I feel immense pleasure in expressing whole hearted thanks towards my project guide for his outstanding guidance, enthusiastic suggestions immensely valuable encouragement throughout the course of the study. Without the pillars of his support and co-operation I could not have even taken a single step towards completion of this project.I shall be failing in my duty if I dont acknowledge enormous support and assistance received from my family members throughout this endeavors. Their kind blessings lead me to see these days of achievement and satisfaction.I am also thankful to all my dear friends who motivated me in accomplishing this project work.Last but the foremost important I would like to thank God for sending so many people in my life to help me. -4- INDEXSR.PARTICULARNO.CHAPTER 1 : INTRODUCTION1.1Introduction1.1.2Selection of the Project1.3Profile of the Subject1.4Importance of the SubjectCHAPTER 2 : PROJECT METHODOLOGY2.1Meaning of the Project2.2.2Methodology of the Project2.3Data Collection2.4Objectives of the Study2.5Limitations of the StudyCHAPTER 3 : PROJECT COST3.1Meaning of the Project Cost3.2Analysis of the Finance3.3Analysis of the Project Cost3.[Essentials / Estimated]3.4Essentials for the Business Establishment3.5Capital Structure and Profit3.6Ratio Analysis3.7List of Suppliers4.CONCLUSIONS AND SUGGESTIONS- 5 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]CHAPTER NO 1INTRODUCTION1.1 INTRODUCTIONAs the technology advances each and every sector has been rapidly developed like a Government Sector, Engineering Sector, etc. then how can the READYMADE GARMENT SHOP become backward. Each and every person wants to look like a hero and heroine. As the fashion takes place, they want to wear more fashionable cloths.In movies actor and actresses are wearing different types of dresses and sarries. Every person wants to look like them. With the increase in fashion every person want to wear that type of cloths. Some people purchase cloth material and visit at the tailor shop for stitching the dresses they like. But it takes too much time. Fashion is growing up day to day. Readymade Garment Shops are opened. People are satisfied from Readymade Garment Shop and people also save their valuable time. Readymade Garment Shop provides better design dresses to customers.With the change in the trend in fashion market Readymade Garment have become very popular. Most of the people used to wear Readymade Garment Shop have become very popular. Most of the people used to wear Readymade Garment in case of time saving activity. Especially ladies have taken very much interest in new designs and fashionable garments.New fashion designers made new trend designs to attract customers and mostly to female customers. They like to wear new fashion cloths or new look of garment. There are various types of dresses which are very reasonable to general or ordinary people.Readymade Garment Company like as Nain See Private Ltd., Saujnya Dresses, Ashika Sarries and Dresses, Garden Dresses, Damini Sarries and Salwar Suit, etc. makes garment very attractive and it gives it special effect to that garment or dresses to be very attractive. There work of various types of stitches like Kashmiri Buta, Kunadan Work or Jardari Work is become very famous in new trend. There are various other companies are also work to give better quality product.In recent years many people are interested in wearing Readymade cloths and specially ladies have most interest in that type of cloths so when the researcher is a lady it takes too- 6 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]much interest for the topic. So that researcher selected the subject Readymade Garment Shop [Ladies Garment Shop] as the study of the project.1.2 SELECTION OF THE PROJECTThe best topic for the research is one which arises from the researchers own curiosity. He can handle a topic in which he is really interested well than the one suggested by someone else. The researcher who is prompted by scientific curiosity may be interested in some general subject matter about which little is known. And when there is a lady researcher for the topic like ladies cloths, the topic becomes very interesting and gives best results.It is said that select a project which will bring out improvement in the present status of an activity. Moreover such improvement should be quantifiable. It means that it should be able to point out how much time, money and other resources can be saved or how much enhancement in sales, production, efficiency and productivity can be achieved through the implementation and suggestions and solutions.The selection of the topic is very important job for the researcher. In todays competitive world employment is emerging great problem. There are various causes responsible for increasing unemployment. Some of them are even increasing population computerization and automation. Thus in todays world self employment is one of the best opportunity. Readymade Garment Shop offers you this great opportunity of self employment.From the researchers point of view it is very important that he will study all points related to his topic. So his reason for doing this project to know how logistics helps in material management. Logistics include the flow and storage of items from raw material to customer delivery and other very important reason for selection of the particular topic is to know about - 7 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]Material planning and control.Purchase of goods.Selling of goods.Financial statement for the shopProfit earnings etc.PROFILE OF THE SUBJECTThere are various factors which plays very important part of any Readymade Garment Shop. Followings are some of them-A. Fashion:-For some women, fashion is a way of life. It reflects their personality, their attitude, their approach towards life, and their lifestyle. A closer look tells us that it refers to a particular style of clothing which is worn by people on a national/ international level. Fashion is not restricted to clothing alone. Anything with a touch of class, and a hint of the extraordinary, something that catches the eye instantly, and is visually appealing, is fashionable. Thus, fashion is a phenomenon that continues to change women's lives all over the world. Today women have access to a wider range of fashionable clothes.Over the years, women have embraced fashion to project themselves the way they want to. Whatever women wear or use today, is a matter of great speculation and scrutiny. Fashion has entered all arenas of women's lives, right from veiled hats to high-heeled shoes. Their fashion consciousness and the need for fresh, new concepts and ideas from time to time have given the fashion industry a major boost.B. Fashion industry:-The fashion industry is a huge platform which provides access to a wide range of fashionable goods. This industry is a creative industry which involves continuous change, innovativeness, and state-of-the-art technology.Women's fashion industry comprises:DesignersManufacturers- 8 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]Sellers/MarketersBuyersOthers (Colorist, Forecaster, Illustrator, Models Etc.)C. Market:-The word market is derived from the Latin word Mercantile which means a place where a business is conducted. In common parlance a market refers to a place where buyers and sellers actually meet to effect purchase and sales. In other words, a market is a particular place where goods are brought and sold.In a broader sense, a market does not necessarily mean a place. The term market and sellers in person, by mail, telephone, telegraph, cable fax as any other means of communication so that their mind may meet of effect purchases and sales.Philip Kolter says that,Market is the set of actual and potential buyers of product.D. Marketing:-The term marketing refers to the sum of activities involved in finding out the needs of the potential buyers developing the products and services to satisfy those needs and making them available to those who need them at the slight time at the right places, in the required quantities, at the right prices.Marketing consist of all those activities which are included in the process of flow of goods from the production centers to the consumers. The whole process involves the creation as time, place and possession utility.Druker defines thatMarketing is a process which converts resources, distinct knowledge into a contribution of economic value in the market.E. Business- 9 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]Business in an economic activity which is conducted with the aim as motive of earning profits, business refers to all those activities which are concerned with production and distribution of goods and services. The term business has two wings or two aspects or two branches. One aspect of business is commerce.Keith Devis says that,Business may be defined as the organized efforts of individuals to produce goods and services to sell these goods and services in a market place and to reap some rewards for this effort.F. AdvertisingThe word advertising has been derived from the Latin word Adverter which means turn to as turning the attention towards the products. Advertisement means to make the product know to the word with the help of attractive advertisement policy. Customer may be demand more for those particular products but the main function or work of advertising is create a place in minds of people to purchase the product because the main objective of advertising is to increase the sale.Definition given by Prof. Albert FrayAdvertising as the preparation or visual or oral messages and their dissemination through paid media for the purpose of making people aware of and favorably inclined towards a product, brand, service, institution, idea or point of view.G. ServicesIn modern time services are extend become a valuable things for all the business in situations services which are closely relating with the customer or user is the necessity of every business with the help of services the seller provides number of services to the customer or earning a profit or the other side consumer get satisfaction of their need by paying same amount for the services. Another important thing is that the people who want to share a thought, pleasure or pains which are closely related with services.H. Discount- 10 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]Discount is a deduction given by seller to buyer on sale price of the goods so as increase sale or for immediate payment of sale price in case of cash sale. It is always offered by buyer at percentage (%) of sale price. Discount scheme will be generally adopted in case of off season period. So as to attract the customer or buyer will be ready to purchase bulk quantities of goods.Discount is percentage reduction on sale price i.e. each cash discount which reduces the invoice value of goods which reduces the invoice value of goods e.g. 25% discount on cloths.I.Replacement guaranteeReplacement guarantee means the security to the customer about whole product. It is the whole product may be change or replaced by another one. The customers have to fallow the guarantee period for claim.J.GiftsCustomers are very much attracted toward the gifts specially while giving one dress free for purchasing two dresses.For that shopkeeper prepares big banner with wording as_BUY TWO GET ONE FREEK. Window displayIn this method actual good are displayed in showcases to attract the attention of the prospective buyers. As the goods are displayed in showcases outside the shop, people are allowed to watch and inspect the goods. This provokes the prospective buyers to buy the goods.L. ShowroomIn this method of advertising spacious area is provided for display of goods hence they are arranged very systematically in an attractive way. The visitors to such showroom,- 11 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]who are prospective buyers, are allowed to handle and inspect the goods presented in showroom.M. Customer serviceCustomer service is the overall activity of identifying and satisfying customer needs. . As an overall description of the desired relationship between a supplier and a customer. 'Service' in this sense is based on the premise that every commercial transaction is a service. Customer service is one of the most important ingredients of the marketing mix for products and services. High quality customer service helps to create customer loyalty. Customers today are not only interested in the product they are being offered but all the additional elements of service that they receive from the greeting they receive when they enter a retail outlet, to the refund and help that they receive when they have a complaint about a faulty product that they have paid for.N. Customer expectationCustomers are people who buy products and services from other people. What customers thin it is the job of marketers to understand the needs of their customers. In doing so they can develop goods or services which meet their needs more precisely than their competitors. The problem is that the process of buying a product is more complex than it might at first appear. Customers do not usually make purchases without thinking carefully about their requirements. Wherever there is choice, decisions are involved, and these may be influenced by constantly changing motives and feel about a company and/or its products is a key aspect of business success.O. Customer requirementsThe supermarket industry provides a good example of the way in which different groups of customers will have different expectations. Some customers just want to buy standard products at the lowest possible prices. They will therefore shop from supermarkets that offer the lowest prices and provide a reasonable range of goods. In contrast, some supermarket shoppers are seeking such aspects as variety and quality. They will therefore choose to buy from an up-market supermarket. Additionally some customers will have special tastes such as wanting to buy FAIRTRADE products or organic fruit and vegetables. It- 12 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]is clear therefore that to be successful a business has to have a clear understanding of their target customers and the expectations of this group.1.4 IMPORTANCE OF THE SUBJECTIn modern business every business should be given greater importance whether it has be in the nature of large, middle, small scale industry. The various important things are in Readymade Garment Shop.In todays large competition it is essential to know ones market position. A successful organization has to know its strength and weakness and in the market along with Readymade Garment. Market study stimulates need by taking appropriate steps for remaining defects in its marketing effect.Project of Readymade Garment serves as instrument for development of certain important skills in commerce and management student to make earning more effective these skills are as follows _Analytical SkillCommunication SkillResearch SkillDecision making SkillImportance Of The Study Of Readymade Garment Shop Is As Follows:Readymade Garment Shop business is that type which has little investment and more profit.II. It is a business where in short production period, business can earn a lot. III. This business provides grater availability of market.IV. In that kind of business we can provides various job opportunities to all kinds of people like men and women.V. This project provides us information about various Government policies, production policies, sale and profits, etc.VI. Readymade Garment Shop provides all types of knowledge for business, market as well as employment.*****- 13 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]B. Methods of researchFollowing are the main types or method of research which are generally used by any researcherCase study methodHistorical methodExperimental methodSurvey method.case study methodCase study is a recent development in research. Case study is a method of exploring and analyzing the life of a social unit, a person, a family, institution, cultural group or even an entire community.Historical methodThis method investigates the past events and phenomena on the basis of historical documents and evidences. It seeks to find explanation of questions of current interest by an intensive study of past.Experimental methodIn this method the researcher studies the effect of independent variable on dependent variable by artificially controlling the effect of rest of the variables. It is conducted in fundamental sciences like physics, chemistry, biology, nuclear science, etc. through laboratory experiments.Survey method- 14 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]The survey is a method of analysis in scientific and orderly form for defined purpose of social situation of problem or population.Above explained are the basis methods used for most of the researcher. In the project like readymade garment shop researcher is interested to use the survey method because the survey method is a technique of investigation by a direct observation of a phenomena or by systematic gathering of data from population. It involves a systematic and comprehensive study of a particular group, community, or organization, etc. with a view to analyzed a social problem and presentation of recommendation for its solutionsThe first, second and third method both have some special conditions so the researcher cannot apply it to each and every research. So it is better to use survey method for deep study of our subject.In survey method a techniques of investigation by direct observation is used. But we can also use various publications, reference books, magazines, articles, etc. to collect data. So we select the survey method for our research study.2.3 DATA COLLECTIONA project work is totally depends on collection of data, or collecting all relevant information which are necessary for project work. The collection of data means a purposive gathering of information relevant to the subject matter of investigation from the units of population under investigation. Collection of data makes the most important step of any research enquiry or statistical enquiry. If data collected is not correct, reliable, relevant, and appropriate, one can not obtain valid and useful results from the enquiry.Collection of data requires common sense, experience, and knowledge. One should be alert, tactful, cautious and sensitive while collecting data for any statistical enquiry. In the preparation of this project report the data is collected form above sources.Primary sourcesObservationInterviewQuestionnaireSecondary sources- 15 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]MagazinesBooksLibraryInternet2.4 OBJECTIVES OF THE STUDYFollowings are the main objects of the studyTo study the scope of financial approach concerning to the cloth business. II. To find out the potential benefits and opportunities lie in this business. III. To study the information about various suppliers of the product.IV. To study the management policy or formulation of production policy, marketing, storing, etc.V. To make the study of marketing skills. VI. To evaluate profitabilityVII. To study the management of capital and other sources. VIII. To acquire useful guidelines to venture in cloth market.LIMITATIONS OF THE STUDYThis project report mainly focused on ladies dress or other cloths trading, which is just a part of cloth trading. Other different kinds of trades under clothing sector are not considered.A new firm may find it difficult to enter in cloth trading as the already established firms may give them a tough competition.The scope of study is limited to marketing profile of Readymade Garments.IV. The firm needs to maintain varieties of stock, which ultimately demanded for hugeinvestment.*****- 16 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]CHAPTER NO 3PROJECT COSTObject of preparing project costThe total cost and cost per unit of production can be ascertained.II. After proper comparison the management may take the corrective measures. III. It helps the management while formulating suitable production policy.IV. It is very helpful to submit the price quotation for tenders.It also helps the management by supplying suitable information for management control.ANALYSIS OF FINANCEFinance is the life blood of any industrial or commercial undertaking. It is needed for starting the business. Some capital is required, without the money business are not run in good manner. Because every need of the shop management fulfillment made by the money. When starts the business, available money could a capital. Capital is playing very important role in the business transactions. Finance is not important in large scale and small scale.Every enterprise needs the finance these fulfillment made by the following mediumBankGovernment policiesPrivate financial groupsMoney lenderFinance from relatives- 17 -Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]PROJECT COST [ESTIMATED]Total Capital InvestedSr. NoParticularAmountFixed Asset1.Land and Building520000Other Fixed Asset2.Furniture, Fixture, Electricity, license, etc.212000Variable Expenses3.Salary, Stock, etc.2624004.Other Expenses33100Total1027500Means of FinanceSr. NoParticularAmount1.Loan from Bank7500002.Loan from Parents1000003. Money Lenders77500Total1027500 -18- NAME AND ADDRESSES OF STOCK SUPPLIERS1.Akola:Deepak Garment, New Cloth Market, Akola.2.Amravati:Shreeram Hogiary, Tahsil Road Amravati.3.Mumbai:37-41, Ansar Manzil, 2nd Floor, Room No-36, Mumbai4.Delhi:4525, Gali Jatan, Puhari Dhiraj, Sardar Bazaar, NewDelhi.5.Chennai:765-B Anna Nagar, West Exth, 4th Avenue, Chennai.Project Report on Readymade Garment Shop[Special Reference to Ladies Garment Shop]Project Report on Readymade Garment Shop [Special Reference to Ladies Garment Shop]CONCLUSIONSClothing and textile sector forms a part for heritage of India and exemplifies the richness and diversity of our country.Akola town itself is the biggest cloth market throughout the vidarbha region.Cloth trading is having an important place in Akola market. This project throws light on clothing sector and business opportunities it has.New entrepreneurs may venture into this sector to acquire the potentials and benefits lie in this field.Through this project, one can develop and understandings of the nature, scope and financial aspect of cloth business especially trading of dress material.As the Indian fashion industry is growing every day, Indian dress designers touch, creating garment which are truly outstanding. Designers are always experimenting with the new design, style every season. For this purpose, they require dress material.One can show their creativity and innovative thinking over cloth material as they cannot experiment with readymade outfits.People today are more fashion conscious. They prefer to wear fashionable and designer outfit. So this business is more profitable.Women want to be more stylish and descent. So they like to buy dress from more reliable and stylish shop as per their requirement.They want the dress which are more designed and stitched with latest fashion. So the readymade garment shop gets the indeed significant place in market.This business requires huge investment and it also involves some risk factors.Its scope is wider as Akola is rapidly growing and developing market place.