Project report for Diagnostic laboratory

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Project report template for Diagnostic laboratory

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Introduction

Laboratory diagnostic service is required for providing effective diagnosis of the disease suffered bythe  patient,  measure  the  quantum  of  medicines  to  be  provided,  quantifythe  extent  of  cure  effected, identify  the  medical  sensitivities  of  the  patient  to  avoid  wrong  medication  resulting  in adverse effects and to extend the research and development capabilities of the medical process.A diagnostic centre provides a wide scope for detection of ailments and affords facilities for a detailed medical check-up through diagnostic procedures. To accomplish this objective a modern diagnostic centre is well equipped with most modern instruments.MedicalDiagnostic Centre is an establishment that determines the nature and circumstances of a disease condition by scientific examinations. A medical diagnostic centre constitutes an important part of the health care system. Diseases are commonly diagnosed with respect to the causative organisms, if the cause of the disease is invasion by an offending pathogen. Many disease conditions are also diagnosed by tests based on biochemical parameters using the body fluid, commonly blood, or cells and tissues of the individual. The demand of diagnostic centre is increasing day-by- day to cope-up the out growing the health-conscious patients.Indian healthcare industry worth Rs 75,000 crore is expected to grow to Rs 80,000 crore by 2025. The booming industry is undoubtedly offering potential opportunities in various healthcare segments. Pathology is one such segment. Indian diagnostic industry is witnessing a strong growth that is going to accelerate with the rise in awareness on preventive health, changing lifestyle and insurances fuelling the preventive healthcare segment. Currently, the diagnostic sector in India is highly fragmented with standalone centres accounting for 45-50% and the organised ones having less than 35% share while the rest are hospital-based diagnostic centres

 

 

Market potential & Strategy

Indian healthcare industry worth Rs 75,000 crore is expected to grow to Rs 80,000 crore by 2025. The unorganized and smaller labs offer a chance to the bigger players to expand their hub and spoke structures and thus, their presence pan-India ,Though accessibility of preventive care may get resolved slowly through these hub-and-spoke models, however, the industry continues to see challenges emerging from no recognition and regulation allowing unauthorised lab functioning in poor quality leading to wastage of patient’s money, pricing pressure due to rising competition, lack of capacity building due to limited pathologists and radiologists, and lack of awareness on effect of value, quality healthcare services.Today as the ageing population and changing lifestyles are causing increase in conditions like cancer, diabetes and heart diseases eventually leading to the growth of the diagnostic services, through imaging, ultrasound, radiology and pathology laboratories. People now are opting for early wellness testing and diagnosis as it increases the chances of a positive outcome, saving lives and cost of further treatment.The market for such patholagical laboratories are sky rocketing in all parts of India especially on sub urban and rural areas. Diagnostic services play a vital role in spotting the health problems and informing medical interventions that make the integrity of the test a crucial aspect as the doctor takes the decision based on the reports. Right from the time the blood sample is collected, the pre-test, and till the report reaches, the whole integrity of the system must not be breached as it could result in the whole detection and treatment process getting complicated.So the frquency of testing per person will go biweekly from montly or quarter yearly.

 

 

PROJECT REPORT

Diagnostic laboratory

Your address

Introduction

Laboratory diagnostic service is required for providing effective diagnosis of the disease suffered bythe  patient,  measure  the  quantum  of  medicines  to  be  provided,  quantifythe  extent  of  cure  effected, identify  the  medical  sensitivities  of  the  patient  to  avoid  wrong  medication  resulting  in adverse effects and to extend the research and development capabilities of the medical process.A diagnostic centre provides a wide scope for detection of ailments and affords facilities for a detailed medical check-up through diagnostic procedures. To accomplish this objective a modern diagnostic centre is well equipped with most modern instruments.MedicalDiagnostic Centre is an establishment that determines the nature and circumstances of a disease condition by scientific examinations. A medical diagnostic centre constitutes an important part of the health care system. Diseases are commonly diagnosed with respect to the causative organisms, if the cause of the disease is invasion by an offending pathogen. Many disease conditions are also diagnosed by tests based on biochemical parameters using the body fluid, commonly blood, or cells and tissues of the individual. The demand of diagnostic centre is increasing day-by- day to cope-up the out growing the health-conscious patients.Indian healthcare industry worth Rs 75,000 crore is expected to grow to Rs 80,000 crore by 2025. The booming industry is undoubtedly offering potential opportunities in various healthcare segments. Pathology is one such segment. Indian diagnostic industry is witnessing a strong growth that is going to accelerate with the rise in awareness on preventive health, changing lifestyle and insurances fuelling the preventive healthcare segment. Currently, the diagnostic sector in India is highly fragmented with standalone centres accounting for 45-50% and the organised ones having less than 35% share while the rest are hospital-based diagnostic centres

 

Market potential & Strategy

Indian healthcare industry worth Rs 75,000 crore is expected to grow to Rs 80,000 crore by 2025. The unorganized and smaller labs offer a chance to the bigger players to expand their hub and spoke structures and thus, their presence pan-India ,Though accessibility of preventive care may get resolved slowly through these hub-and-spoke models, however, the industry continues to see challenges emerging from no recognition and regulation allowing unauthorised lab functioning in poor quality leading to wastage of patient’s money, pricing pressure due to rising competition, lack of capacity building due to limited pathologists and radiologists, and lack of awareness on effect of value, quality healthcare services.Today as the ageing population and changing lifestyles are causing increase in conditions like cancer, diabetes and heart diseases eventually leading to the growth of the diagnostic services, through imaging, ultrasound, radiology and pathology laboratories. People now are opting for early wellness testing and diagnosis as it increases the chances of a positive outcome, saving lives and cost of further treatment.The market for such patholagical laboratories are sky rocketing in all parts of India especially on sub urban and rural areas. Diagnostic services play a vital role in spotting the health problems and informing medical interventions that make the integrity of the test a crucial aspect as the doctor takes the decision based on the reports. Right from the time the blood sample is collected, the pre-test, and till the report reaches, the whole integrity of the system must not be breached as it could result in the whole detection and treatment process getting complicated.So the frquency of testing per person will go biweekly from montly or quarter yearly.

 

Project at a glance

Name & Address of Unit

Pathology laboratory

Your address

Details of unit
Phone : 00000
Constitution : Proprietership
Number of employment : 10
Total project cost : *******
Fixed Capital : *******
Working Capital : *******
Total Bank loan : *******
Promoter(s) contribution : *******
Term loan : *******
Name & address of promoter(s)
Name : Yourname
Designation : Founder

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 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 *******

Total Yearly Expense

Sl. no Item Amount Rs
Total *******

Application of Fund

Sl. no Item Subsidy % No. Rate Amount Rs
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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