Project Report &

CMA Data

S.A TRADERS
Executive Summary
Business Details

Name of Business Firm S.A TRADERS

Business Industry Manufacturing

Nature of Business Vegetables and Fruits Shop

Legal Constitution Proprietorship

Address JAYANAGAR BANGALORE

Pin Code 560011

Contact Phone 9620117869

Project & Loan Details

Fixed Capital to be Invested ₹ 490,433

Working Capital to be Invested ₹ 50,000
Total Project Cost ₹ 540,433

Term Loan ₹ 465,911

Working Capital Loan ₹ 47,500
Total Loan Amount Needed ₹ 513,411

Loan Duration 7 Years

Moratorium Period 3 months
Type of Loan Needed PMEGP Loan
Average DSCR 2.61
Project Details

Cost of Project ₹ 540,433

Project Cost BreakUp

Land ₹ 200,000
Building, Shed, Interior Work ₹ 76,259
Machinery & Equipments ₹ 25,684
Furniture, Fittings, Racks ₹ 136,890
Vehicle for Business use ₹ 25,600
Other initial expenditure ₹ 26,000
Working Capital ₹ 50,000

Means & Cost of Finance

Source Share Amount Interest Rate
Own Capital 5% ₹ 27,022 N/A
Loan from Friends & Family 0% ₹0 N/A
Total Own Funds 5% ₹ 27,022
Term Loan 86% ₹ 465,911 10.75%
Working Capital limit 9% ₹ 47,500 10.75%
Total 100% ₹ 540,433

PMEGP Margin Money/Subsidy to be 25% ₹ 135,108

received after 3 years i.e. in FY 25-26
Promoter's Details
Ms SHAISTA SULTANA is the founder/promoter of the Business Firm. The Promoter has done an
indepth study of the Project's feasibility and has the relevent experience to successfully implement
the Project. The Promoter is confident about the market potential of their Project and they are
capable to overcome competition & make sales as provided in the financial projections of this Report

Promoter Name Ms SHAISTA SULTANA

Gender Female
Educational Qualifications 10TH STD
Work Experience 3 -7 years
Address Door 145/2, 2nd Floor, 1st main road masjid road
jk pura bangalore south

Contact Phone 9620117869

Business Scenario
S.A TRADERS is planning to setup a project of Vegetables and Fruits Shop. The Business firm and its
owners have the relevant expertise & experience to set up this project and make it run as a profitable
business in years to come.

As per Morgan Stanley Report, India is on track to become the world’s third largest economy by 2027,
surpassing Japan & Germany. India’s GDP could more than double from $3.5 trillion today to surpass
$7.5 trillion by 2031.

As per World Economic Forum (WEF), till 2005, 69% of India’s households were classified as “low
income. In the last 13 years, many households have become prosperous middle class. With a steady
GDP growth rate of 7.5% a year, by 2030 and 1 in 2 households will be in the high and upper-middle-
income segments – up from 1 in 4. The new middle-class households will represent an equal mix of
existing households becoming more prosperous & the creation of new households where youngsters
are more educated and better employed than their parents.

Additionaly, the rural market is now segregating itself into two cohorts – “developed rural” and the
“rest of rural India”. Incomes in developed rural areas are already on a par with small towns and
vastly higher than the rest of rural India. WEF projections suggest that developed rural India will be
home to 240 million consumers by 2030.

Manufacturing has emerged as one of the high growth sectors in India. The ‘Make in India’ program
has placed India on the world map as a manufacturing hub. Due to factors like power growth, long-
term employment prospects, and skill routes for millions of people, India has a significant potential to
engage in international markets. These value chains are well positioned to benefit from India's
advantages in terms of raw materials, industrial expertise, and entrepreneurship.

Expected CAGR (FY 23-24 to FY 30-31) 8%

Total no. of employees to be engaged 2

CMA DATA
Projected Income Statement
Rs in Actual
Remaining
Current Year Projection Years --->
Particulars FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29 FY 29-30 FY 30-31 FY 31-32

INCOME
Revenue Income / Gross
Sales 69,415.4 735,049.5 940,413.7 1,032,854.4 1,093,663.3 1,140,885.0 1,186,864.4 1,234,287.6

EXPENSES
Purchases (Stock,
Inventory, Raw Material,
etc) 36,500.0 268,734.4 343,082.3 364,235.0 382,779.7 398,231.4 414,325.8 430,757.6
Changes in Inventory (21,948.8) (53,869.3) (37,923.9) (20,388.9) (19,713.0) (19,881.7) (21,147.6) (22,463.0)
Rent & Lease Cost 16,000.0 100,800.0 106,848.0 113,258.9 118,921.8 123,678.7 128,625.8 133,770.9
Salary & Wages 23,200.0 181,440.0 213,696.0 226,517.8 237,843.6 244,883.8 252,106.7 259,515.5
Electricity, Fuel & Water 3,150.0 35,280.0 46,746.0 49,550.8 52,028.3 54,109.4 56,273.8 58,524.8
Repair & Maintenance 945.0 12,096.0 19,032.3 21,236.0 23,412.7 25,508.7 27,734.9 30,098.4

EBITDA 11,569.2 190,568.4 248,933.0 278,445.0 298,390.1 314,354.7 328,944.8 344,083.4

Depreciation &
Amortisation 5,484.6 32,262.4 28,471.1 25,143.6 22,220.9 19,651.8 17,391.6 15,401.7

EBIT 6,084.7 158,306.0 220,462.0 253,301.4 276,169.2 294,703.0 311,553.3 328,681.7

Interest Expense 13,484.9 54,084.3 48,320.4 41,905.5 34,765.9 26,819.9 17,976.3 8,358.3

Profit Before Tax (7,400.3) 104,221.7 172,141.6 211,395.9 241,403.3 267,883.1 293,577.0 320,323.4

Tax Expense - - - - - - - -

PROFIT AFTER TAX (7,400.3) 104,221.7 172,141.6 211,395.9 241,403.3 267,883.1 293,577.0 320,323.4
CMA DATA
Projected Balance Sheet
Rs in Actual
Remaining
Current Year Projection Years --->
Particulars FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29 FY 29-30 FY 30-31 FY 31-32
SOURCES OF FUNDS

A. Own Funds

Initial Capital Invested /

Opening Capital Balance 27,021.7 19,621.4 133,873.1 306,014.7 652,518.8 893,922.1 1,161,805.3 1,455,382.3
Additional Capital added - 10,030.1 - - 0.0 - - 0.0
Profit (+) or Loss (-) from
current P&L A/c (7,400.3) 104,221.7 172,141.6 211,395.9 241,403.3 267,883.1 293,577.0 320,323.4
Subsidy Received - - - 135,108.3 - - - -
Total Own Funds / Net
Worth 19,621.4 133,873.1 306,014.7 652,518.8 893,922.1 1,161,805.3 1,455,382.3 1,775,705.6

B. Long Term Liabilities

Term Loan from Bank 478,545.2 427,518.5 370,728.0 307,522.4 237,177.4 158,886.2 71,751.5 0.0
Loan from Friends &
Family - - - - - - - -

C. Current Liabilities
Working Capital Loan 47,500.0 47,500.0 47,500.0 47,500.0 47,500.0 47,500.0 47,500.0 -
Interest Payable 6,742.5 4,507.0 4,026.7 3,492.1 2,897.2 2,235.0 1,498.0 696.5
Provision for Taxation - - - - - - - -
Sundry Creditors 16,425.0 22,394.5 28,590.2 21,247.0 15,949.2 16,593.0 13,810.9 10,762.4
Other Current Liabilities &
Provisions 15,153.3 27,468.0 25,754.8 20,528.2 18,008.6 14,939.4 15,491.4 14,055.7

Total Sources of Funds 583,987.3 663,261.2 782,614.3 1,052,808.6 1,215,454.4 1,401,958.8 1,605,434.0 1,801,220.3

Rs in Actual
Remaining
Current Year Projection Years --->
Particulars FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29 FY 29-30 FY 30-31 FY 31-32
APPLICATION OF FUNDS

A. Non Current Assets

Fixed Assets
Gross Block 490,433.0 490,433.0 490,433.0 490,433.0 490,433.0 490,433.0 490,433.0 490,433.0
Depreciation till Date 5,484.6 37,747.0 66,218.1 91,361.7 113,582.6 133,234.3 150,625.9 166,027.5
Net Block 484,948.4 452,686.0 424,214.9 399,071.3 376,850.4 357,198.7 339,807.1 324,405.5

B. Current Assets
Cash & Bank Balance 8,998.6 7,350.5 67,138.6 307,972.5 442,440.8 602,457.0 773,645.4 933,814.6
Trade Receivables 57,267.7 112,299.2 158,041.7 190,934.6 218,349.9 243,722.1 268,757.2 296,265.6
Raw Material Stock 7,500.0 29,531.3 45,911.3 53,289.2 60,989.5 68,503.4 76,943.0 85,622.2
WIP Stock 2,459.4 7,554.6 11,006.8 12,980.8 14,730.5 16,563.8 18,417.9 20,494.0
Finished Goods / Stock In
Trade 11,989.5 38,732.2 56,823.9 67,860.9 78,123.9 88,658.4 99,512.3 111,220.1

Advance Tax - - - - - - - -
Other Current Assets 10,823.8 15,107.4 19,477.1 20,699.2 23,969.5 24,855.4 28,351.2 29,398.5

Total Application of
Funds 583,987.3 663,261.2 782,614.3 1,052,808.6 1,215,454.4 1,401,958.8 1,605,434.0 1,801,220.3
CMA DATA
Cash Flow Statement
Remaining Rs in Actual
Current Year Projection Years --->
Particulars FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29 FY 29-30 FY 30-31 FY 31-32

A. Cash Flow from Operating Activities

Net Profit After Tax (7,400.3) 104,221.7 172,141.6 211,395.9 241,403.3 267,883.1 293,577.0 320,323.4
Add: Interest Expense 13,484.9 54,084.3 48,320.4 41,905.5 34,765.9 26,819.9 17,976.3 8,358.3
Add: Depreciation 5,484.6 32,262.4 28,471.1 25,143.6 22,220.9 19,651.8 17,391.6 15,401.7

Operating Profit before

Working Capital Changes 11,569.2 190,568.4 248,933.0 278,445.0 298,390.1 314,354.7 328,944.8 344,083.4
(Increase)/Decrease in
Current Assets (other than
Cash) (90,040.3) (113,184.4) (88,036.1) (54,504.0) (50,398.5) (46,139.9) (49,678.4) (51,018.7)
Increase/(Decrease) in
Current Liabilities (other
than WC loan) 38,320.7 16,048.8 4,002.2 (13,104.4) (8,412.4) (3,087.6) (2,967.1) (5,285.6)
(40,150.3) 93,432.8 164,899.1 210,836.6 239,579.3 265,127.2 276,299.4 287,779.0

B. Cash Flow from Financing Activities

Interest Expense (13,484.9) (54,084.3) (48,320.4) (41,905.5) (34,765.9) (26,819.9) (17,976.3) (8,358.3)
Term Loan Taken/
(Repaid) 478,545.2 (51,026.7) (56,790.6) (63,205.5) (70,345.1) (78,291.1) (87,134.7) (71,751.5)

Working Capital Loan

Taken / (Repaid) 47,500.0 - - - - - - (47,500.0)
Loan from Friends &
Family - - - - - - - -
Capital Introduced /
(Drawings) 27,021.7 10,030.1 - - 0.0 - - 0.0
Subsidy Received - - - 135,108.3 - - - -
539,582.0 (95,080.9) (105,111.0) 29,997.2 (105,111.0) (105,111.0) (105,111.0) (127,609.8)

C. Cash Flow from Investing Activities

Purchase of Fixed Assets (490,433.0) - - - - - - -

Total Cash Inflow/ /

(Outflow) (A+B+C) 8,998.6 (1,648.1) 59,788.1 240,833.9 134,468.2 160,016.2 171,188.4 160,169.2
Add Opening Cash
Balance - 8,998.6 7,350.5 67,138.6 307,972.5 442,440.8 602,457.0 773,645.4
Closing Cash Balance 8,998.6 7,350.5 67,138.6 307,972.5 442,440.8 602,457.0 773,645.4 933,814.6
CMA DATA
Key Ratios & Feasibility
Remaining
Current Year Projection Years --->
Particulars FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29 FY 29-30 FY 30-31 FY 31-32
Long-term Solvency Ratios
Debt Equity Ratio 26.81 3.55 1.37 0.54 0.32 0.18 0.08 0.00
TOL/TNW 28.76 3.95 1.56 0.61 0.36 0.21 0.10 0.01
Interest Coverage 0.86 3.52 5.15 6.64 8.58 11.72 18.30 41.17
Debt Service Coverage
Ratio (DSCR - Working
Below) 0.86 1.81 2.37 2.65 2.84 2.99 3.13 2.70

Short-term Solvency
Ratios
Current Ratio 1.15 2.07 3.39 7.05 9.94 12.86 16.16 57.88
Quick Ratio or Liquid Ratio 0.77 1.17 2.13 5.38 7.83 10.41 13.31 48.21

Profitability Ratios
Gross Profit Margin 74.5% 55.0% 51.2% 50.9% 51.2% 51.3% 51.3% 51.3%
EBIDTA Margin 16.7% 25.9% 26.5% 27.0% 27.3% 27.6% 27.7% 27.9%
Net Profit Margin -10.7% 14.2% 18.3% 20.5% 22.1% 23.5% 24.7% 26.0%

Activity Ratios (on closing value)

Debtors Turnover (days) 49.50 55.76 61.34 67.47 72.87 77.97 82.65 87.61
Sundry Creditors (days) 27.00 30.42 30.42 21.29 15.21 15.21 12.17 9.12
Inventory Turnover (days)* 52.89 83.66 90.50 96.63 105.15 114.02 123.04 132.08

Fixed Assets to Turnover

Ratio 0.14 1.62 2.22 2.59 2.90 3.19 3.49 3.80
CMA DATA
Maximum Permissible Bank Finance (MPBF) Calculation

Remaining Rs in Actual
Current Year Projection Years --->
Particulars FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29 FY 29-30 FY 30-31 FY 31-32
Total Current Assets (A) 99,038.9 210,575.2 358,399.4 653,737.3 838,604.0 1,044,760.1 1,265,626.9 1,476,814.8
Total Current Liabilities
(other than Bank
Borrowing) (B) 23,167.5 26,901.6 32,616.9 24,739.2 18,846.3 18,828.0 15,308.9 11,459.0
Working Capital Gap
(C=A-B) 75,871.4 183,673.7 325,782.5 628,998.1 819,757.7 1,025,932.1 1,250,318.0 1,465,355.9

1st Method of Lending

Minimum Stipulated Net
Working Capital (D=25% of
C) 18,967.9 45,918.4 81,445.6 157,249.5 204,939.4 256,483.0 312,579.5 366,339.0

MPBF 1st method (C-D) 56,903.6 137,755.2 244,336.9 471,748.6 614,818.2 769,449.1 937,738.5 1,099,016.9

2nd Method of Lendin g

Minimum Stipulated Net
Working Capital (E=25% of
A) 24,759.7 52,643.8 89,599.9 163,434.3 209,651.0 261,190.0 316,406.7 369,203.7

MPBF 2nd method (C-E) 51,111.7 131,029.8 236,182.7 465,563.8 610,106.7 764,742.1 933,911.3 1,096,152.2

Actual Working Capital

Loan O/s 47,500.0 47,500.0 47,500.0 47,500.0 47,500.0 47,500.0 47,500.0 -
DSCR Calculation
Remaining Rs in Actual
Current Year Projection Yea
Particulars FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29 FY 29-30 FY 30-31 FY 31-32

PAT + Depreciation +
Interest 11,569.2 190,568.4 248,933.0 278,445.0 298,390.1 314,354.7 328,944.8 344,083.4

Interest payment 13,484.9 54,084.3 48,320.4 41,905.5 34,765.9 26,819.9 17,976.3 8,358.3
Principal Repayment of
Term Loan - 51,026.7 56,790.6 63,205.5 70,345.1 78,291.1 87,134.7 71,751.5
Principal Repayment of
Working Capital Limit - - - - - - - 47,500.0

Total Repayment during the

year 13,484.9 105,111.0 105,111.0 105,111.0 105,111.0 105,111.0 105,111.0 127,609.8

DSCR 0.86 1.81 2.37 2.65 2.84 2.99 3.13 2.70

Average DSCR (Term Loan + Working Capital Loan) 2.61

Average DSCR (Term Loan only) 2.78

Term Loan Repayment Schedule
Term Loan Amount ₹ 465,911
Loan O/s after Moratorium Period ₹ 478,545
Monthly EMI Amount ₹ 8,334

Year Interest Charged Total Payment to Principal Repaid Closing Loan O/s
Bank
FY 24-25 12,634 - - 478,545
FY 25-26 48,978 100,005 51,027 427,519
FY 26-27 43,214 100,005 56,791 370,728
FY 27-28 36,799 100,005 63,206 307,522
FY 28-29 29,660 100,005 70,345 237,177
FY 29-30 21,714 100,005 78,291 158,886
FY 30-31 12,870 100,005 87,135 71,751
FY 31-32 3,252 75,004 71,751 0
196,487 675,032 478,545
Depreciation Schedule
Asset to be purchased Depreciation Rate

Land 0%
Building, Shed, Interior Work 10%
Machinery & Equipments 15%
Furniture, Fittings, Racks 10%
Vehicle for Business use 15%
Other initial expenditure 15%

Depreciation working is done on Written Down Value (WDV) basis.

Assumptions Used
Apart from the assumptions & methodology stated elsewhere in the report, below are the main assumptions
considered in preparation of this project report

Operational Capacity
It is assumed that post investment of loan funds into business, the business would reach its optimum capacity
in the following manner.

Current Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7

Operational & Sales

Capacity of Business 40% 75% 100% 100% 100% 100% 100% 100%

Estimated Sales
Over the years the Daily sales are estimated at an trend as shown below. The trend in sales is mainly after
considering change in operational capacity, and it is assumed that after our product/service is established in
the market, we will be able to command premium due to Business Goodwill

Current Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7

Estimated Daily Sales 1,157 2,014 2,576 2,830 2,996 3,126 3,252 3,382

Estimated Expenses
Based on the working experience and market study, the Promoters have assumed that at 100% operational
capacity, following expenses would be incurred

Particulars Monthly Cost at current prices Expense Nature Assumed

Purchases (Stock, packing material, etc) 25,000 Variable
Rent & Lease Cost 8,000 Fixed
Salary & Wages 16,000 Semi Variable
Electricity, Fuel & Water 3,500 Variable
Transportation - Variable
Phone, Postage & Internet - Fixed
Advertising & Marketing - Fixed
Repair & Maintenance 1,500 Fixed
Insurance expenses - Fixed
Consumables, Spares, etc - Variable
Other Expenses - Fixed

Total ₹ 54,000

Current Year Period

For the Current Period, the projections worked out are for the balance period of 3 month(s)

Adjustment for Inflation

In Sales & Expenses, both, nominal adjustment for price increase due to inflation is made
Conclusion
S.A TRADERS setting and expanding business in BANGALORE will allow the firm to offer their products and
services to more people who need it. As per the financial projections, it is expected that the Business will
comfortabiliy reach below state at the end of 7 years

Gross Profit Margin 51%

Net Profit Margin 26%

S.A TRADERS, to conclude wants to run the business of Vegetables and Fruits Shop as a going concern for
years and years. The Business Entity has already made lot of efforts in reviweing the technical viability of the
business, as well as making the financial projections. The entity will make continous efforts in running a
profitable & growing business. Thus with your financial help, we can postively impact the community by
providing better products & services as well as create more employment opportunites to the locals

END OF REPORT
Contact Person SHAISTA SULTANA
Contact Number 9620117869