Project Report Satish Kumar Dixit
Project Report Satish Kumar Dixit
Project :
Kirana Retail Store
Bank :
Allahabad Bank, Khajuri, Payagpur, Bahraich (U.P.)
…………………………………………………………..
Estimates for making the Projection :
1. We have examined the projection in accordance with Standard on Assurance Engagement 3400, “The Examination of Prospective
Financial Information”, issued by the Institute of Chartered Accountants of India. The preparation and presentation of the projection
including the underlying assumptions, and information as provided by the entity and also as per the industry, the prospective
financial information, is the responsibility of the entity. Our responsibility is to examine the evidence supporting the assumptions
(excluding the hypothetical assumption) and other information in the prospective financial information. Our responsibility does not
include verification of projections. Therefore, we do not vouch for the accuracy of the same.
2. This projection has been prepared for loan purpose . The projection has been prepared using a set of assumptions that include
hypothetical assumptions about future events and entity’s actions that are not necessarily expected to occur. Consequently, users
are cautioned that this projection may not be appropriate for purposes other than that described above.
3. Even if the events anticipated under the hypothetical assumptions described above occur, actual results are still likely to be
different from the projection since other anticipated events frequently do not occur as expected and the variation may be material.
Dixit Traders
Prop. Satish Kumar Dixit
Index
1 Introduction -
2 Project Overview -
3 Fixed Capital 1
4 Working Capital 2
5 Source of Finance 3
6 Manpower Requirement 4
7 Depreciation 5
10 Performance Ratio 8
Project Overview
Age : 54 Yrs
Performance Ratio
Net profit before tax to sales 12.94 13.75 13.94 14.11 14.27
Net profit after tax to sales 12.94 13.75 13.94 14.11 14.27
Schedule: 2
Working Capital
900,000
Other - 900,000
Total 900,000
Schedule: 3
Source of Finance
Cost of Project
Working Capital 900,000
900,000
Bank Finance
100% of the project cost 900,000
Schedule: 4
Skilled Worker 0 - -
Schedule: 5
Depreciation
Assets
Opening - - - -
Depreciation @ 15% - - - - -
Closing - - - - -
* Assuming subsidy amount of Rs 1, 50,000/- will be credited by the end of the first year
Schedule: 6
Interest Cost : Assuming rate of interest @ 11 % per annum
Years Months Opening BalanInterest Principal EMI Closing Amt
900,000
1st April 900,000 8,250 11,318 19,568 888,682
May 888,682 8,146 11,422 19,568 877,260
June 877,260 8,042 11,526 19,568 865,734
July 865,734 7,936 11,632 19,568 854,102
Aug 854,102 7,829 11,739 19,568 842,363
Sept 842,363 7,722 11,846 19,568 830,517
Otc 830,517 7,613 11,955 19,568 818,562
Nov 818,562 7,503 12,065 19,568 806,497
Dec 806,497 7,393 12,175 19,568 794,322
Jan 794,322 7,281 12,287 19,568 782,035
Feb 782,035 7,169 12,399 19,568 769,636
March 769,636 7,055 12,513 19,568 757,123
Total 91,939 142,877 234,816
2nd April * 607,123 5,565 10,126 15,691 596,997
May 596,997 5,472 10,219 15,691 586,778
June 586,778 5,379 10,313 15,691 576,465
July 576,465 5,284 10,407 15,691 566,058
Aug 566,058 5,189 10,503 15,691 555,556
Sept 555,556 5,093 10,599 15,691 544,957
Otc 544,957 4,995 10,696 15,691 534,261
Nov 534,261 4,897 10,794 15,691 523,467
Dec 523,467 4,798 10,893 15,691 512,574
Jan 512,574 4,699 10,993 15,691 501,581
Feb 501,581 4,598 11,094 15,691 490,487
March 490,487 4,496 11,195 15,691 479,292
Total 60,466 127,831 188,297
3rd April 479,292 4,394 11,298 15,691 467,994
May 467,994 4,290 11,401 15,691 456,593
June 456,593 4,185 11,506 15,691 445,087
July 445,087 4,080 11,611 15,691 433,475
Aug 433,475 3,974 11,718 15,691 421,758
Sept 421,758 3,866 11,825 15,691 409,932
Otc 409,932 3,758 11,934 15,691 397,999
Nov 397,999 3,648 12,043 15,691 385,955
Dec 385,955 3,538 12,153 15,691 373,802
Jan 373,802 3,427 12,265 15,691 361,537
Feb 361,537 3,314 12,377 15,691 349,160
Schedule: 6
Interest Cost : Assuming rate of interest @ 11 % per annum
Years Months Opening BalanInterest Principal EMI Closing Amt
March 349,160 3,201 12,491 15,691 336,669
Total 45,674 142,623 188,297
PAT but before dep and Interest (A) 480,000 493,500 506,625 519,251 531,238
Schedule: 8
Performance Ratio
Years 1st 2nd 3rd 4th 5th
%
Net profit before tax to sales 12.94 13.75 13.94 14.11 14.27
Net profit after tax to sales 12.94 13.75 13.94 14.11 14.27
Break Even Point (B.E.P.) 19.15 12.25 9.02 5.62 2.02
Debt Service Coverage Ratio (Times) 1.47 1.98 2.17 2.39 2.67
Average DSCR 2.13
Schedule: 9
Projected Profit & Loss Account For The Five Years As On Year End
Years 1st 2nd 3rd 4th 5th
Rs.
Turnover
3,000,000 3,150,000 3,307,500 3,472,875 3,646,519
Recurring Expenses
Material/ Purchasing Cost 2,310,000 2,425,500 2,546,775 2,674,114 2,807,819
General Expenses 210,000 231,000 254,100 279,510 307,461
Total (B) 2,520,000 2,656,500 2,800,875 2,953,624 3,115,280
Profit before interest & depreciation
(A-B) 480,000 493,500 506,625 519,251 531,238
Depreciation - - - - -
Interest Loan @11% 91,939 60,466 45,674 29,169 10,755
Total (C) 91,939 60,466 45,674 29,169 10,755
Dixit Traders
Year
Capital Account
- 268,061 571,095 892,046 1,232,128
Margin Money - - - - -
Add: Profit for the year 388,061 433,034 460,951 490,082 520,483
388,061 433,034 460,951 490,082 520,483
Less: Withdraws 120,000 130,000 140,000 150,000 160,000
268,061 571,095 892,046 1,232,128 1,592,611
Unsecured Loans
Bank Loan 757,123 479,292 336,669 177,542 0
Assets
Fixed Assets - - - - -
Less : Depreciation - - - - -
- - - - -
Sundry Debtor
Cash In Hand/Bank - - - - -
- - - - -