Detailed Project Report
Custard Apple (Sitaphal) Kulfi Unit
—
Prepared on: 13 November 2026 · Prepared with Building Business DPR (buildingbusiness.in)
01 Project at a glance
- Total project cost
- ₹23.45 L
- Term loan from bank
- ₹15.24 L
- Promoter’s contribution
- ₹2.34 L
- Subsidy
- ₹5.86 L
- Sales · Year 3
- ₹0.00 L
- Profit after tax · Year 3
- ₹-7.18 L
- Average DSCR
- -1.14
- Break-even (% of capacity used)
- —
02 Promoter and unit
| Promoter name | — |
|---|---|
| Business / firm name | — |
| Legal form | Proprietorship |
| Address of the unit | — |
| Applicant category | General · Rural |
03 The project
Making frozen kulfi from milk, sugar and custard apple pulp.
| Main product or service | Custard Apple (Sitaphal) Kulfi Unit |
|---|---|
| Installed capacity per year (at 100%) | 10,000 units |
04 Market
- Ice-cream parlours and sweet shops
- Caterers, hotels and restaurants
- Retail shops with freezers
- Direct delivery in insulated boxes
- Distributors with freezer vans
- Own carts or kiosk
05 Plant and machinery
| Item | Qty | ₹ | Total ₹ |
|---|---|---|---|
| Cold store | 1 | 4,20,000 | 4,20,000 |
| Milk receiving analysis set | 1 | 90,000 | 90,000 |
| Online homogeniser, 200 litres an hour | 1 | 2,40,000 | 2,40,000 |
| Stainless-steel cans (× 8) | 1 | 32,000 | 32,000 |
| Bulk milk chiller, 1,000 litre | 1 | 2,40,000 | 2,40,000 |
| Gas-fired rotating milk boiling kettle, 300 litre | 1 | 2,10,000 | 2,10,000 |
| Ageing tank, 300 litre | 1 | 2,30,000 | 2,30,000 |
| Alloy kulfi moulds (24 per set) (× 20) | 1 | 2,40,000 | 2,40,000 |
| Kulfi hardening tank | 1 | 3,60,000 | 3,60,000 |
| De-moulding tank, 60 litre | 1 | 45,000 | 45,000 |
| Continuous sealer | 1 | 36,000 | 36,000 |
| Deep freezer (−18°C), 600 litre (× 2) | 1 | 90,000 | 90,000 |
| Total | 22,33,000 |
Pre-filled from: NIFTEM-Thanjavur (IIFPT) PMFME model DPR — Custard Apple Kulfi. Prices in older reports will have gone up — enter today’s quotations.
06 Raw materials
- Ripe custard apple — ₹30 a kg; 150–190 kg a day
- Milk — costed at ₹45 a kg
- Sugar — costed at ₹32 a kg
- Packaging material — ₹7 per kg of kulfi
07 Cost of project
| ₹ in lakh | |
|---|---|
| Plant and machinery | 22.33 |
| Contingency | 1.12 |
| Total fixed capital | 23.45 |
| Working capital margin | 0.00 |
| Total project cost | 23.45 |
08 Means of finance
| ₹ in lakh | % | |
|---|---|---|
| Promoter’s contribution | 2.34 | 10.0 |
| Subsidy | 5.86 | 25.0 |
| Term loan from bank | 15.24 | 65.0 |
| Total | 23.45 | 100.0 |
| Working capital loan (outside project cost) | 0.00 |
09 Key assumptions
| Selling price | ₹0 per units |
|---|---|
| Raw material & packing cost | ₹0 per units |
| Capacity used each year | 60% · 70% · 80% · 80% · 80% · 80% · 80% |
| Term loan interest rate (% a year) | 11% · 84 months (Moratorium 6) |
| Working capital method | Turnover method (RBI) · Working capital interest (% a year) 11% |
| Income tax rate | 25% |
| Yearly price and cost rise | 0% |
10 Production and sales
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Capacity used | 60% | 70% | 80% | 80% | 80% | 80% | 80% |
| Production (units) | 6,000 | 7,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 |
| Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
11 Projected profitability
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw material and packing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Power and fuel | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Salaries and wages | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 |
| Rent | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Administration | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling and distribution | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Repairs and maintenance | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 |
| Insurance | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| Total cost of operations | 3.47 | 3.47 | 3.47 | 3.47 | 3.47 | 3.47 | 3.47 |
| Operating profit (EBITDA) | -3.47 | -3.47 | -3.47 | -3.47 | -3.47 | -3.47 | -3.47 |
| Depreciation | 3.52 | 2.99 | 2.54 | 2.16 | 1.84 | 1.56 | 1.33 |
| Preliminary expenses written off | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest on term loan | 1.65 | 1.43 | 1.17 | 0.91 | 0.66 | 0.40 | 0.14 |
| Interest on working capital | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -8.63 | -7.88 | -7.18 | -6.54 | -5.96 | -5.42 | -4.93 |
| Income tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit after tax | -8.63 | -7.88 | -7.18 | -6.54 | -5.96 | -5.42 | -4.93 |
12 Cash flow
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Profit after tax | -8.63 | -7.88 | -7.18 | -6.54 | -5.96 | -5.42 | -4.93 |
| Depreciation | 3.52 | 2.99 | 2.54 | 2.16 | 1.84 | 1.56 | 1.33 |
| Cash accruals (PAT + depreciation) | -5.12 | -4.90 | -4.64 | -4.38 | -4.12 | -3.86 | -3.61 |
| Term loan repaid | 1.17 | 2.34 | 2.34 | 2.34 | 2.34 | 2.34 | 2.34 |
| Owner’s drawings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Surplus after repayment | -6.29 | -7.24 | -6.98 | -6.72 | -6.47 | -6.21 | -5.95 |
| Cash and bank | -6.29 | -13.53 | -20.51 | -27.23 | -33.70 | -39.91 | -45.86 |
13 Projected balance sheet
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Capital (own + subsidy) | 8.21 | 8.21 | 8.21 | 8.21 | 8.21 | 8.21 | 8.21 |
| Reserves and surplus | -8.63 | -16.52 | -23.70 | -30.24 | -36.19 | -41.62 | -46.55 |
| Term loan outstanding | 14.07 | 11.72 | 9.38 | 7.03 | 4.69 | 2.34 | 0.00 |
| Working capital loan | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 13.64 | 3.41 | -6.11 | -15.00 | -23.30 | -31.07 | -38.34 |
| Net fixed assets | 19.93 | 16.94 | 14.40 | 12.24 | 10.40 | 8.84 | 7.52 |
| Preliminary expenses not written off | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current assets (stock and debtors) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash and bank | -6.29 | -13.53 | -20.51 | -27.23 | -33.70 | -39.91 | -45.86 |
| Total assets | 13.64 | 3.41 | -6.11 | -15.00 | -23.30 | -31.07 | -38.34 |
14 Ratios and break-even
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Debt service coverage ratio (DSCR) | -1.23 | -0.92 | -0.99 | -1.06 | -1.16 | -1.26 | -1.40 |
| Break-even (% of capacity used) | — | — | — | — | — | — | — |
| Cash break-even | — | — | — | — | — | — | — |
| Average DSCR | -1.14 |
|---|---|
| Lowest DSCR | -1.40 |
| Payback period | — |
15 Depreciation
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Depreciation | 3.52 | 2.99 | 2.54 | 2.16 | 1.84 | 1.56 | 1.33 |
Written-down value method at Income-tax Rules block rates (building 10%, plant & machinery 15%, furniture 10%, computers 40%). Change them if your CA uses other rates.
16 Term loan repayment
| Year | Opening | Interest | Term loan repaid | Closing |
|---|---|---|---|---|
| 1 | 15.24 | 1.65 | 1.17 | 14.07 |
| 2 | 14.07 | 1.43 | 2.34 | 11.72 |
| 3 | 11.72 | 1.17 | 2.34 | 9.38 |
| 4 | 9.38 | 0.91 | 2.34 | 7.03 |
| 5 | 7.03 | 0.66 | 2.34 | 4.69 |
| 6 | 4.69 | 0.40 | 2.34 | 2.34 |
| 7 | 2.34 | 0.14 | 2.34 | 0.00 |
17 Licences and registrations
- Udyam registration
- GST registration
- FSSAI licence or registration
- Legal Metrology registration for packaged goods
- Trade licence from the local body
- State Pollution Control Board consent where applicable
18 Government schemes that may apply
- PM Formalisation of Micro Food Processing Enterprises (PM FME)
- Prime Minister's Employment Generation Programme (PMEGP)
- Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
19 Sources
- NIFTEM-Thanjavur (IIFPT) PMFME model DPR — Custard Apple Kulfi — https://niftem-t.ac.in/pmfme/dpr-cakulfi.pdf
This report is a projection from the figures entered by the promoter. It is not a bank appraisal or a guarantee of a loan or subsidy. Check every figure with current quotations and your chartered accountant before submitting it.