Project report for Mobile phone Repair center

Introduction

Project report for mobile sales  & services shop is as follows

India is one of the most popular destinations for smartphone companies with as many mobile users as the entire population of the United States. The number of smartphone users in India is estimated to increase to about 442.5 million in 2022. India is the world’s second largest market for smartphone after China. About 134 million smartphones were sold across India in the year 2017. India ranks second in the average time spent on mobile web by smartphone users across Asia Pacific. India has witnessed a huge spurt in mobile phone sales in the past 5 years and this has necessitated the growth of authorized repair centres as part of the standard after sales support for most brands. However, many devices also require repairs or servicing after the warranty period expires. In most cases, the cost turns out to be prohibitive because of the limited inventory of spares carried by most service centers. We, therefore, turn to third-party repair facilities for our mobile device servicing needs...

Product / Services & process

We offer smartphones and feature phones of leading brands with maximum offers in place at the same time we have a team of good and charming technicians , who can service & repair damaged smartphones .

Market potential & Strategy

In an era where technology is evolving incessantly, the Mobile phone industry is advancing rapidly in order to keep up with the fast-paced evolution. Since they first came into existence over 30 years ago, mobile phones or smartphones as they are now referred to, have assisted in accelerating progress and improving communication between multiple parties over the years. Owing to its contributions, it is hard to envisage a world without mobile devices, as it is now an integral requisite of our day-to-day life. People now have access to smartphones, which are portable devices with mobile as well as computing integration, through which they can keep in touch with their social circle as well as explore the World Wide Web with just a touch or click of a button. The mobile handset market has progressed over the years due to constant demand for new and technologically advanced devices. Aiding this growing need and demand for mobile phones is another booming sector, the Mobile Repairing Industry...

PROJECT REPORT

Mobile phone Repair center

Address

Introduction

Project report for mobile sales  & services shop is as follows

India is one of the most popular destinations for smartphone companies with as many mobile users as the entire population of the United States. The number of smartphone users in India is estimated to increase to about 442.5 million in 2022. India is the world’s second largest market for smartphone after China. About 134 million smartphones were sold across India in the year 2017. India ranks second in the average time spent on mobile web by smartphone users across Asia Pacific. India has witnessed a huge spurt in mobile phone sales in the past 5 years and this has necessitated the growth of authorized repair centres as part of the standard after sales support for most brands. However, many devices also require repairs or servicing after the warranty period expires. In most cases, the cost turns out to be prohibitive because of the limited inventory of spares carried by most service centers. We, therefore, turn to third-party repair facilities for our mobile device servicing needs. This industry has been largely unorganized so far, with small independent operators that may not have standardized systems, processes, and pricing. The increasing number of users helps to increase the sales of mobile as a gadget and at the same time, the possibility of repairing the phone is also getting very high.

Product / Services & process

We offer smartphones and feature phones of leading brands with maximum offers in place at the same time we have a team of good and charming technicians , who can service & repair damaged smartphones .

Market potential & Strategy

In an era where technology is evolving incessantly, the Mobile phone industry is advancing rapidly in order to keep up with the fast-paced evolution. Since they first came into existence over 30 years ago, mobile phones or smartphones as they are now referred to, have assisted in accelerating progress and improving communication between multiple parties over the years. Owing to its contributions, it is hard to envisage a world without mobile devices, as it is now an integral requisite of our day-to-day life. People now have access to smartphones, which are portable devices with mobile as well as computing integration, through which they can keep in touch with their social circle as well as explore the World Wide Web with just a touch or click of a button. The mobile handset market has progressed over the years due to constant demand for new and technologically advanced devices. Aiding this growing need and demand for mobile phones is another booming sector, the Mobile Repairing Industry. These are the third-party players supporting the smartphone market through its post sales services and expanding their reach manifold over the past few years.More and more individuals can now afford smartphones and with that comes a greater need for mobile repair shops. Since company specific cell phone retail and service centers are sometimes unable to provide adequate post-sales support, many customers opt for local solutions in order to save time and money. In addition to that , the newer models in the market help people to buy new smartphones which are now available at EMI options too, so the future of the business is so viablhe. Along with that , the firm can start pesence in ecommerce sites to make sure the sales are increasing double fold.

Project at a glance

Name & Address of Unit

Mobile shop & service

Address

Details of unit
Email : youremail@gmail.com
Phone : 000000
Constitution : Proprietership
Total project cost : *******
Fixed Capital : *******
Working Capital : *******
Total Bank loan : *******
Promoter(s) contribution : *******
Term loan : *******
Working capital loan : *******
Name & address of promoter(s)
Name : Your name
Address : Address
Phone : 00000
Designation : Proprietor
E-mail : youremail@gmail.com

Project Feasibility Ratio

Debt Service Coverage Ratio (Average) :1.87
Current ratio (Average) :2.63
Year 1Year 2Year 3Year 4Year 5
Current ratio 1.53 2.06 2.62 3.19 3.76
Quick ratio 1.13 1.56 2.10 2.64 3.18
Interest coverage ratio 3.87 5.55 7.00 9.48 14.71
Debt equity ratio 2.863 2.080 1.528 1.020 0.542
TOL/TNW 3.02 1.45 0.79 0.43 0.21
DSCR 1.65 1.86 1.90 1.94 1.97
Gross profit Sales Percentage % 29.23 % 28.54 % 28.18 % 27.86 % 27.50 %
Net profit Sales Percentage % 10.84 % 10.56 % 11.10 % 11.57 % 11.90 %
BEP in % of installed capacity % 49.90 % 27.12 % 27.12 % 27.12 % 27.12 %
BEP in sales of Rs 2,620,800.00 1,840,695.65 1,972,173.91 2,103,652.17 2,235,130.43
Return On Capital Employed 0.26 0.34 0.34 0.33 0.33

Project Feasibility graph

Revenue v/s Expense Expense Splitup
 
Revenue
 
Expense
Net profit Sales % Quick ratio

Project Cost

Sl. no Item Amount Rs
1 Building advance *******
2 Electronic testing equipents *******
3 Hand tools *******
4 Aircondition *******
5 Racks and storage *******
6 Electrification *******
7 Preliminary expenses *******
8 Interior work *******
9 Working Capital *******
Total *******

 

Working Capital Computation

Sl. no Item Amount Rs
1 Consumables / stock in hand *******
2 Work in progress *******
3 Finished goods *******
4 Working expense. *******
5 Receivables/Sundry debtors *******
6 Payables *******
7 Total working capital *******
8 Own Contribution *******
9 Working capital loan *******

Annual Sales / Revenue

Sl. no Item Rate Quantity Unit Total Rs
1 Revenue from Sales ******* X 300 Day *******
2 Revenue from service ******* X 300 Day *******
Total *******

Total Yearly Expense

Sl. no Item Amount Rs
1 Rent *******
2 Salary *******
3 Repairs & Maintanance *******
4 Electricity *******
5 Office expense & utilities *******
6 Raw material purchase *******
7 Wages *******
8 Marketing/Advertisement *******
Total *******

Application of Fund

Sl. no Item Subsidy % No. Rate Amount Rs
1 Building advance ******* 1 ******* *******
2 Electronic testing equipents ******* 1 ******* *******
3 Hand tools ******* 1 ******* *******
4 Aircondition ******* 1 ******* *******
5 Racks and storage ******* 1 ******* *******
6 Electrification ******* 1 ******* *******
7 Preliminary expenses ******* 1 ******* *******
8 Interior work ******* 1 ******* *******
Total Investment *******
Total Subsidy *******
Net Investment *******

Means of Finance

Sl. no Item Amount
1 Term Loan *******
2 Working capital Loan *******
3 Total loan *******
4 Term Loan contribution *******
5 Working capital contribution *******

Profitability Statement

Year 1(!*) Year 2 Year 3 Year 4 Year 5
Revenue from operation
Sales ***** ***** ***** ***** *****
Add :
Closing stock 0.00 0.00 0.00 0.00 0.00
Total ***** ***** ***** ***** *****
Less :
Opening stock 0.00 0.00 0.00 0.00 0.00
Stock purchase ***** ***** ***** ***** *****
Salary ***** ***** ***** ***** *****
Repairs and maintenance charges ***** ***** ***** ***** *****
gas ***** ***** ***** ***** *****
ELECTRICITY bill ***** ***** ***** ***** *****
Total ***** ***** ***** ***** *****
Gross profit ***** ***** ***** ***** *****
Less :
Rent ***** ***** ***** ***** *****
Telephone/Postal &internet charge ***** ***** ***** ***** *****
Total ***** 0***** ***** ***** *****
Depreciation ***** ***** ***** ***** *****
Interest on TL ***** ***** ***** ***** *****
Interest on WC ***** ***** ***** ***** *****
Total ***** ***** ***** ***** *****
Profit before tax ***** ***** ***** ***** *****
Income Tax ***** ***** ***** ***** *****
Profit after tax ***** ***** ***** ***** *****

Cash flow statement

Cash Inflow Pre operative period Year 1 Year 2 Year 3 Year 4 Year 5
Capital 0.63 0.00 0.00 0.00 0.00 0.00
Subsidy 0.00 0.00 0.00 0.00 0.00 0.00
Termloan ***** 0.00 0.00 0.00 0.00 0.00
Profit before tax with interest 0.00 ***** ***** ***** ***** *****
Increase in WC loan 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 ***** ***** ***** ***** *****
Increase in Current liability 0.00 0.00 0.00 0.00 0.00 0.00
Total Cash Inflow ***** ***** ***** ***** ***** *****
Cash Outflow
Fixed Assets ***** ***** ***** ***** ***** *****
Increase in Current asset 0.00 0.00 0.00 0.00 0.00
Interest on TL 0.00 ***** ***** ***** ***** *****
Interest on WC 0.00 0.00 0.00 0.00 0.00 0.00
Income Tax 0.00 ***** ***** ***** ***** *****
Decrease in Term loan ***** ***** ***** ***** *****
Drawing 0.00 0.00 0.00 0.00 0.00 0.00
Total Cash Outflow ***** ***** ***** ***** ***** *****
Opening balance ***** ***** ***** ***** ***** *****
Net Cashflow 0.00 ***** ***** ***** ***** *****
Closing balance 0.00 ***** ***** ***** ***** *****

Balance sheet

Liability Pre operative period Year 1 Year 2 Year 3 Year 4 Year 5
A. Share holders funds
Capital ***** ***** ***** ***** ***** *****
Reserve & Surplus 0.00 ***** ***** ***** ***** *****
B.Non current Liabilities
Termloan ***** ***** ***** ***** ***** *****
C.Current Liabilities
Working capital loan 0.00 0.00 0.00 0.00 0.00 0.00
Account payable 0.00 0.00 0.00 0.00 0.00
Total Liability ***** ***** ***** ***** ***** *****
Asset
A. Non current Assets
Fixed Assets ***** ***** ***** ***** ***** *****
B. Current Assets
Inventory 0.00 0.00 0.00 0.00 0.00 0.00
Trade receivables 0.00 0.00 0.00 0.00 0.00 0.00
Cash and cash equivalence ***** ***** ***** ***** ***** *****
Total Asset ***** ***** ***** ***** ***** *****

Repayment of Term loan

Year Installment Outstanding at the beginning Principal repayment Interest Amount paid Outstanding at the end
1 1 ***** ***** ***** ***** *****
1 2 ***** ***** ***** ***** *****
1 3 ***** ***** ***** ***** *****
1 4 ***** ***** ***** ***** *****
1 5 ***** ***** ***** ***** *****
| | | | | | |
| | | | | | |
5 56 ***** ***** ***** ***** *****
5 57 ***** ***** ***** ***** *****
5 58 ***** ***** ***** ***** *****
5 59 ***** ***** ***** ***** *****
5 60 ***** ***** ***** ***** *****

Debt Service Coverage Ratio

Particulars Year 1 Year 2 Year 3 Year 4 Year 5
Receipts
a).Net Profit 0.00 0.00 0.00 0.00 0.00
b).Depreciation 0.00 0.00 0.00 0.00 0.30
c).Interest on termloan 0.00 0.00 0.00 0.00 0.00
Total 0.00 0.00 0.00 0.00 0.00
Repayments
a).Loan Principal 0.00 0.00 0.00 0.00 0.00
b).Interest on termloan 0.00 0.00 0.00 0.00 0.00
Total 0.00 0.00 0.00 0.00 0.00
DSCR 0.00 0.00 0.00 0.00 0.00

Depreciation

Particulars Rate Year 1 Year 2 Year 3 Year 4 Year 5
Building 0.00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
Computers/ Printers /Photocopier/Electronic gadget 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
Furniture & fixtures 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
Racks & storage/Interior works 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
new item 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
new 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
Air-conditioning 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
Other investments 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
Total less depreciation 0.00 0.00 0.00 0.00 0.00
Total written down value 0.00 0.00 0.00 0.00 0.00

Conclusion

The project as a whole describes the scope and viability of the Trading industry and mainly of the financial, technical and its market potential.The project guarantee sufficient fund to repay the loan and also give a good return on capital investment. When analyzing the social- economic impact, this project is able to generate an employment of 5 and above. It will cater the demand of Trading and thus helps the other business entities to increase the production and service which provide service and support to this industry. Thus more cyclic employment and livelihood generation. So in all ways, we can conclude the project is technically and socially viable and commercially sound too.

HOW IT WORKS?

More than than 500 + people without any knowledge in finance created this report.

You can also download one of our sample report here 

View PDF

MORE REPORTS

About Us

Finline is an automated platform for financial documents. Your risk-free online tool to create a project report to apply for a bank loan. Be it a new business portfolio or an existing CMA for SME, we have solutions for entrepreneurs & enterprises at every stages

Our Contacts

info@finline.in
Trivandrum,
India

(+91) 884-837-7012

Need help ?
884-837-7012 OR Live Chat
974-669-3220 OR Live Chat