Optical Lenses are optical components designed to focus or diverge light. Optical Lenses, which may consist of a single or multiple elements, are used in a wide variety of applications from microscopy to laser processing. Many industries utilize Optical Lenses, including life sciences, imaging, industrial, or defense. As light passes through a lens, it is affected by the lens’ profile or substrate. A Plano-Convex (PCX) or Double-Convex (DCX) lens causes light to focus to a point, while a Plano-Concave (PCV) or Double-Concave (DCV) lens causes the light traveling through the lens to diverge. Achromatic Lenses are ideal for applications requiring color correction, while Aspheric Lenses are designed to correct spherical aberration. Germanium (Ge), Silicon (Si), or Zinc Selenide (ZnSe) lenses are ideal for transmitting the Infrared (IR) spectrum, while Fused Silica is well suited for the Ultraviolet (UV).

A lens is a transmissive optical device that affects the focus of a light beam through refraction. A simple lens consists of a single piece of material, while a compound lens consists of several simple lenses (elements), usually along a common axis. Lenses are made from transparent materials such as glass, ground and polished to a desired shape. A lens can focus light to form an image, unlike a prism, which refracts light without focusing. Devices that similarly refract radiation other than visible light are also called lenses, such as microwave lenses or acoustic lenses.

Most lenses are spherical lenses: their two surfaces are parts of the surfaces of spheres. Each surface can be convex (bulging outwards from the lens), concave (depressed into the lens), or planar (flat). The line joining the centres of the spheres making up the lens surfaces is called the axis of the lens. Typically the lens axis passes through the physical centre of the lens, because of the way they are manufactured. Lenses may be cut or ground after manufacturing to give them a different shape or size. The lens axis may then not pass through the physical centre of the lens.Thus, due to demand it is a good project for entrepreneurs to invest.

 

Few Indian Major Players are as under

·         Bausch & Lomb Eyecare (India) Pvt. Ltd.

·         G K B Ophthalmics Ltd.

·         G K B Vision Ltd.

·         Indo-American Optics Ltd.

·         Prime Ophthalmic Products Pvt. Ltd.

·         Techtran Ophthalmics Pvt. Ltd.

·         Techtran Polylenses Ltd.

 

Cost Estimation

 

Capacity:

·         Plastic Optical Lenses:   60,000 Pairs/Day

Plant & Machinery          :         Rs 1026 Lakhs

Cost of Project       :         Rs 2211 Lakhs

Rate of Return       :         26%

Break Even Point   :         45%

 

See more:

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Table of Contents

1.       District Profile & Geotechnical Site Characterization

1.1.    General

1.2.    Physical Characteristics

1.3.    Climate

1.4.    Transportation and Communications

1.5.    Map

1.6.    Economy

1.7.     Culture & Attitudes

2.       Introduction

3.       Uses

4.       Properties of Plastic Lenses

5.       Types of Lenses

6.       B.I.S. Specifications

6.1.    IS/ISO 18369-3: 2006 – Ophthalmic Optics — Contact Lenses Part 3 Measurement Methods.

7.       Plastic Lenses Material

7.1.    Advantages:

7.2.    Disadvantages:

8.       Market Survey

8.1.    Market Size

8.2.    Leading Players

8.3.    Production Scenario

8.4.    Types of Distribution Structures

8.5.    Investment and Trade Regulations

8.6.    Export Fiscal Incentives and Concessions

8.7.    Optical Sector

8.8.    Key Market Characteristics

8.9.    Newly Emerging Indicators

8.10.Import of Eyewear Lenses

8.11.Export of Eyewear Lenses

8.12.Production Lenses of all Kinds

8.13.Ophthalmic Glass and Contact Lenses

9.       Financials & Comparison of Major Indian Players/Companies

9.1.    About Financial Statements of CMIE Database

9.2.    Profits & Appropriations

9.3.    Total Liabilities

9.4.    Total Assets

9.5.    Net Cash Flow from Operating Activities

9.6.    Section - I

9.6.1.Name of Company with Contact Details

9.6.2.Name of Director(S)

9.6.3.Plant Capacity

9.6.4.Location of Plant

9.6.5.Name of Raw Material(S) Consumed With Quantity & Cost

9.7.    Section - II

9.7.1.Assets

9.7.2.Cash Flow

9.7.3.Cost as % Ge of Sales

9.7.4.Forex Transaction

9.7.5.Growth in Assets & Liabilities

9.7.6.Growth in Income & Expenditure

9.7.7.Income & Expenditure

9.7.8.Liabilities

9.7.9.Liquidity Ratios

9.7.10.Profitability Ratio

9.7.11.Profits

9.7.12.Return Ratios

9.7.13.Structure of Assets & Liabilities (%)

9.7.14.Working Capital & Turnover Ratios

10.   Present Manufacturers

11.   Plant Description

12.   Manufacturing Process

13.   Process Flow Diagram

14.   Suppliers of Plant & Machinery

14.1.Complete Machinery Suppliers

15.   Suppliers of Raw Material

16.   Machinery, Raw Material & Product Photographs

16.1.Machinery Photographs

16.2.Raw Material Photographs

16.3.Product Photographs

17.   Quotation of Plant, Machinery and Equipments from Supplier

 

PROJECT FINANCIALS

·         Project at a Glance

Annexure

·         Assumptions for Profitability workings ….…………………………………………....................... 1

·         Plant Economics…………………………………………………………………………….................... 2

·         Production Schedule……………………………………………………………………….................... 3

·         Land & Building…………………………………………………………………………….................... 4

§  Factory Land & Building

§  Site Development Expenses

·         Plant & Machinery………………………………………………………………………….................... 5

§  Indigenous Machineries

§  Other Machineries (Miscellaneous, Laboratory etc.)

·         Other Fixed Assets………………………………………………………………………….................... 6

§  Furniture & Fixtures

§  Pre-operative and Preliminary Expenses

§  Technical Knowhow

§  Provision of Contingencies

·         Working Capital Requirement Per Month………………………………………………................. 7

§  Raw Material

§  Packing Material

§  Lab & ETP Chemical Cost

§  Consumable Store

·         Overheads Required Per Month and Per Annum ……………………………………................. .8

§  Utilities & Overheads (Power, Water and Fuel Expenses etc.)

§  Royalty and Other Charges

§  Selling and Distribution Expenses

·         Salary and Wages ……………………………………………………………………………................. 9

·         Turnover Per Annum ………………………………………………………………………................ 10

·         Share Capital…………………………………………………………………………………................ 11

§  Equity Capital

§  Preference Share Capital

 

•        Annexure 1            ::        Cost of Project and Means of Finance

•        Annexure 2            ::        Profitability and Net Cash Accruals

§  Revenue/Income/Realisation

§  Expenses/Cost of Products/Services/Items

§  Gross Profit

§  Financial Charges    

§  Total Cost of Sales

§  Net Profit After Taxes

§  Net Cash Accruals

 

•        Annexure 3            ::        Assessment of Working Capital requirements

§  Current Assets

§  Gross Working Capital

§  Current Liabilities

§  Net Working Capital

§  Working Note for Calculation of Work-in-process

 

•        Annexure 4            ::        Sources and Disposition of Funds

•        Annexure 5            ::        Projected Balance Sheets

§  ROI (Average of Fixed Assets)

§  RONW (Average of Share Capital)

§  ROI (Average of Total Assets)

 

•        Annexure 6            ::        Profitability ratios

§  D.S.C.R

§  Earnings Per Share (EPS)

§  Debt Equity Ratio

 

•        Annexure 7            ::        Break-Even Analysis

§  Variable Cost & Expenses

§  Semi-Variable/Semi-Fixed Expenses

§  Profit Volume Ratio (PVR)

§  Fixed Expenses / Cost 

§  B.E.P

 

•        Annexure 8 to 11   ::        Sensitivity Analysis-Price/Volume

§  Resultant N.P.B.T

§  Resultant D.S.C.R

§  Resultant PV Ratio

§  Resultant DER

§  Resultant ROI

§  Resultant BEP

 

•        Annexure 12          ::        Shareholding Pattern and Stake Status

§  Equity Capital

§  Preference Share Capital

 

•        Annexure 13          ::        Quantitative Details-Output/Sales/Stocks

§  Determined Capacity P.A of Products/Services

§  Achievable Efficiency/Yield % of Products/Services/Items 

§  Net Usable Load/Capacity of Products/Services/Items   

§  Expected Sales/ Revenue/ Income of Products/ Services/ Items   

 

•        Annexure 14          ::        Product wise domestic Sales Realisation

•        Annexure 15          ::        Total Raw Material Cost

•        Annexure 16          ::        Raw Material Cost per unit

•        Annexure 17          ::        Total Lab & ETP Chemical Cost

•        Annexure 18          ::        Consumables, Store etc.

•        Annexure 19          ::        Packing Material Cost

•        Annexure 20          ::        Packing Material Cost Per Unit

•        Annexure 21          ::        Employees Expenses

•        Annexure 22          ::        Fuel Expenses

•        Annexure 23          ::        Power/Electricity Expenses

•        Annexure 24          ::        Royalty & Other Charges

•        Annexure 25          ::        Repairs & Maintenance Expenses

•        Annexure 26          ::        Other Manufacturing Expenses

•        Annexure 27          ::        Administration Expenses

•        Annexure 28          ::        Selling Expenses

•        Annexure 29          ::        Depreciation Charges – as per Books (Total)

•        Annexure 30          ::        Depreciation Charges – as per Books (P & M)

•        Annexure 31          ::        Depreciation Charges - as per IT Act WDV (Total)

•        Annexure 32          ::        Depreciation Charges - as per IT Act WDV (P & M)

•        Annexure 33          ::        Interest and Repayment - Term Loans

•        Annexure 34          ::        Tax on Profits

•        Annexure 35          ::        Projected Pay-Back Period And IRR