Project report for 4 wheeler service station

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Introduction

Project report for Four wheeler automobile workshop is as follows

India was the fourth largest car manufacturer in the world in 2018?1;. Indian auto manufacturers produced a record 29.1 milion motor vehicles in 2017/18 (Apr-Mar) incl. 4.01 million passenger vehicles. It produced and sold a record four million vehicles (cars, utility vehicles and vans) in the year ended March 31, 2018. The next milestone of five million vehicles might not take that long but is unlikely to happen by 2020, unlike some earlier forecasts. Between March 2013 and March 2018, domestic PV production saw a compounded annual growth rate (CAGR) of 4.42 per cent. Assuming this rate stays for the next few years, it could take another five years to reach five million units. The industry is more optimistic. That is because the CAGR in past three years has been 7.72 per cent.India was projected to become the third-largest PV market by 2020, according to estimates. It stood fifth in 2017 after China, the US, Japan and Germany.

The auto servicing market, currently pegged at Rs. 20,000 crore, is expected to be worth Rs. 33,000-34,000 crore by 2020. The growing number of cars in the market helps the firm to achieve good customers and thus making the project viable. 

 

Product / Services & process

The firm provide the following services :

1.Four wheeler general  services
2. New technology implemented complaints rectification
3. Full engine servicing  using proper company recommended tools
4. Special eletrical ramps gives maximum safety for cars
5. Use only genuine spare sparts
6. Customer call back facility after service
7. Road assistance facility
8. Insurance claim
9  Free customer service
10.Total vehicle inspection and fine tuning

 

 

Market potential & Strategy

Everyone is facing acute scarcity of time, they need workshop with pick up and drop facility at your doorsteps at convenient time and also helping seniors on-road at the time of breakdowns.India, a nation where one can get pizza in just 30 minutes by dialing a call number; but what happens if one’s 4 wheeler encounters trouble on road? We aim to be the trouble shooters. Unfortunately none were providing these services.

The auto servicing market, currently pegged at Rs. 20,000 crore, is expected to be worth Rs. 33,000-34,000 crore by 2020.The firm provides road side assistance, pick and drop of two wheelers at extra charge, quick response for our regular customers and the unique list goes on. These are the USPs of this firm compare to the normal service garages. The high increase of four wheeler automobiles, increassed per capita of individuals and in adequate public transport system are the supporting factors for the two wheeler industry as a whole. For any vehicle it needs a special care and service on a while, so the potential is too high.  The firm is planning to providea different customer experince through the service garage.

 

PROJECT REPORT

4 wheeler service station

address

Introduction

Project report for Four wheeler automobile workshop is as follows

India was the fourth largest car manufacturer in the world in 2018?1;. Indian auto manufacturers produced a record 29.1 milion motor vehicles in 2017/18 (Apr-Mar) incl. 4.01 million passenger vehicles. It produced and sold a record four million vehicles (cars, utility vehicles and vans) in the year ended March 31, 2018. The next milestone of five million vehicles might not take that long but is unlikely to happen by 2020, unlike some earlier forecasts. Between March 2013 and March 2018, domestic PV production saw a compounded annual growth rate (CAGR) of 4.42 per cent. Assuming this rate stays for the next few years, it could take another five years to reach five million units. The industry is more optimistic. That is because the CAGR in past three years has been 7.72 per cent.India was projected to become the third-largest PV market by 2020, according to estimates. It stood fifth in 2017 after China, the US, Japan and Germany.

The auto servicing market, currently pegged at Rs. 20,000 crore, is expected to be worth Rs. 33,000-34,000 crore by 2020. The growing number of cars in the market helps the firm to achieve good customers and thus making the project viable. 

Product / Services & process

The firm provide the following services :

1.Four wheeler general  services
2. New technology implemented complaints rectification
3. Full engine servicing  using proper company recommended tools
4. Special eletrical ramps gives maximum safety for cars
5. Use only genuine spare sparts
6. Customer call back facility after service
7. Road assistance facility
8. Insurance claim
9  Free customer service
10.Total vehicle inspection and fine tuning

 

Market potential & Strategy

Everyone is facing acute scarcity of time, they need workshop with pick up and drop facility at your doorsteps at convenient time and also helping seniors on-road at the time of breakdowns.India, a nation where one can get pizza in just 30 minutes by dialing a call number; but what happens if one’s 4 wheeler encounters trouble on road? We aim to be the trouble shooters. Unfortunately none were providing these services.

The auto servicing market, currently pegged at Rs. 20,000 crore, is expected to be worth Rs. 33,000-34,000 crore by 2020.The firm provides road side assistance, pick and drop of two wheelers at extra charge, quick response for our regular customers and the unique list goes on. These are the USPs of this firm compare to the normal service garages. The high increase of four wheeler automobiles, increassed per capita of individuals and in adequate public transport system are the supporting factors for the two wheeler industry as a whole. For any vehicle it needs a special care and service on a while, so the potential is too high.  The firm is planning to providea different customer experince through the service garage.

Project at a glance

Name & Address of Unit

Automobile workshop - Four wheeler

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 : 000000
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 set up *******
2 Spare for cars *******
3 Other equipments for complaint rectification *******
4 General tools *******
5 Special tools for engine *******
6 Air compressor *******
7 General tools rack *******
8 hydrulic ramp *******
9 chair/sofa / desk/ drinking water can for customer *******
10 Laptop & printer *******
11 Electrification and cabling *******
12 Preliminary expenses *******
13 Flooring and painting *******
14 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 *******

Working capital for 2 months

Annual Sales / Revenue

Sl. no Item Rate Quantity Unit Total Rs
1 Revenue from bike service ******* X 6600 Number *******
Total *******

Total Yearly Expense

Sl. no Item Amount Rs
1 Rent *******
2 Helpers *******
3 Technicians *******
4 Repairs & Maintanance *******
5 Electricity *******
6 Office expense & utilities *******
7 Purchase *******
8 Other expenses *******
9 Marketing/Advertisement *******
Total *******

Application of Fund

Sl. no Item Subsidy % No. Rate Amount Rs
1 Building set up ******* 1 ******* *******
2 Spare for cars ******* 1 ******* *******
3 Other equipments for complaint rectification ******* 1 ******* *******
4 General tools ******* 2 ******* *******
5 Special tools for engine ******* 1 ******* *******
6 Air compressor ******* 1 ******* *******
7 General tools rack ******* 2 ******* *******
8 hydrulic ramp ******* 1 ******* *******
9 chair/sofa / desk/ drinking water can for customer ******* 1 ******* *******
10 Laptop & printer ******* 1 ******* *******
11 Electrification and cabling ******* 1 ******* *******
12 Preliminary expenses ******* 1 ******* *******
13 Flooring and painting ******* 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.

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