Business Plan

EcoBin

Submitted By: Group 16

Harshit Srivastava (2140012)
Shivangi Pandey (2140028)
Udit Chauhan (2141034)
Harnisha Sarkar (2141028)
Poonam Shende (2141023)

Under Supervision of
Prof. Apporv Bamba

Submitted to
National Rail & Transportation Institute, Vadodara
Academic Year-(2021-23)
 Table of Contents
Executive Summary
Background and History
Description of Products
Market Description
Competition
Marketing Strategies
Manufacturing Plans
Financial Projections
Contingency Plans
Appendices
Executive Summary
In recent customer feedback sessions, 62.5% customers have expressed a need for sorting
of garbage differently i.e., glass, e-waste, metal paper, plastic, organic in different bins. We
try to solve this problem by creating these ideas because people have lack of awareness
about insufficient waste management and improper waste sorting. They do not do proper
management of garbage and do staking up the garbage. To meet our customer demand, we
need to develop a series of bins with different technology that we can sell at an appropriate
price for this market.
Our new smart bins will provide new age technology, and these bins specialize in
automation and optimization using smart sensors to wirelessly communicate amongst
devices which will signalize once the bin is full. It will recognize and processes glass, plastic,
paper, and metal using a camera, sensors, and artificial intelligence. Smart sensors on it
keep track of bin fullness and help you optimize pick-up schedules. This sort of the garbage
into different categories i.e., decomposable, and non-decomposable. With this ideation
process and considering long-term benefits and feasibility, the use of the Internet of things
(IoT) Big Data, & Artificial Intelligence (AI) is the ultimate strategy.
● Internet of things – A data collection and management tool.
● Big data – The data.
● Artificial intelligence – A data tool for processing complex datasets.
Note that every smart bins will maintain quality and quantity controlled in order to take our
country recognizable at higher level.
Background and History
We have just started our company involved with automation industry with urban waste
management. We primarily focus on issues and opportunities for improvement in
Vadodara. And, we are looking for investment that know capabilities and skills.
Description of Products
We have developed several smart bins categorized as glass, e-waste, metal paper, plastic,
organic with different technology. That smart bin has feature like Fullness Monitoring
system, Ultrasonic sensor, Load capacity: 85L, Ai-based recognition system, battery life: up
to 3 months (rechargeable) and GPS tracker etc.

Market Description
The technology is built on the concept of IoT, Android, web, and cloud. And we provide
smart bin with GPRS vehicle tracking, camera sensors, also with android application.
Artificial intelligence technology helps to identify and process decomposable and non-
decomposable waste. Its smart sensors monitor bin fullness and optimize your pick-up
schedules.

Competition
We believe that proposal is unique because there are few or no developments in the
industry around waste management in India. Our proposal will be exclusive towards local
communities/authorities, and we believe that it will be adopted at least with interest.
Apart from the uniqueness of the proposal, we will exploit the directives of the local and the
Indian legislation and regulation about waste management. Based on these we expect that
regulations and legislation about waste will leverage and help the increase of our proposal
value. The third advantage we can identify is the ability to use cheap/free or subsidized
products of waste processing to produce compost soil.
To make our proposal more attractive we will apply for funding by Government
organizations considering that our proposal contributes to sustain the environment and
enhances the quality of live. Also, We are not only providing the product and services
together but also for the future perspective, we are laying the foundation of clean India in a
smart way.

Financial Ratios
Return on Equity = Net Profit before Taxes = 44800 = 10.04%
Net Equity 446137

Current Ratio = Current Assets = 470500 = 4.25

Current Liabilities 110683

Quick Ratio = Current Assets - Inventory =470500-140000 = 2.98

Current Liabilities 110683

Debt to Equity = Total Liabilities = 141263 = 0.31

Net Equity 446137