Detailed Project Report
Digital Muscle Stimulator (Physiotherapy Equipment)
—
Prepared on: 13 November 2026 · Prepared with Building Business DPR (buildingbusiness.in)
01 Project at a glance
- Total project cost
- ₹2.77 L
- Term loan from bank
- ₹1.80 L
- Promoter’s contribution
- ₹0.28 L
- Subsidy
- ₹0.69 L
- Sales · Year 3
- ₹0.00 L
- Profit after tax · Year 3
- ₹-3.39 L
- Average DSCR
- -8.24
- 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
Assemble 2- and 4-channel electronic muscle stimulators with digital timers for physiotherapy.
| Main product or service | Digital Muscle Stimulator (Physiotherapy Equipment) |
|---|---|
| Installed capacity per year (at 100%) | 10,000 units |
04 Market
- Physiotherapy clinics
- Hospitals and nursing homes
- Medical equipment dealers
- Patients for home use
- Medical equipment dealers
- Direct sales to clinics with after-sales service
- Exports
05 Plant and machinery
| Item | Qty | ₹ | Total ₹ |
|---|---|---|---|
| Digital storage oscilloscope, 100 MHz | 1 | 60,000 | 60,000 |
| Temperature-controlled soldering unit (× 3) | 1 | 21,000 | 21,000 |
| LCR meter (programmable) | 1 | 35,000 | 35,000 |
| Digital multimeter, 4¾ digit | 1 | 16,000 | 16,000 |
| Analog multimeter (× 2) | 1 | 2,000 | 2,000 |
| Tool kit (× 2) | 1 | 10,000 | 10,000 |
| Electronic screwdriver and screw feeder (× 4) | 1 | 25,000 | 25,000 |
| Combined soldering and de-soldering station | 1 | 12,000 | 12,000 |
| High-speed mini drill set | 1 | 8,000 | 8,000 |
| Drilling machine | 1 | 5,000 | 5,000 |
| Personal computer with UPS and printer (× 2) | 1 | 70,000 | 70,000 |
| Total | 2,64,000 |
Pre-filled from: DC-MSME project profile — Digital Muscle Stimulator (MSME-DI New Delhi); World Customs Organization – HS Nomenclature 2022, Chapter 90. Prices in older reports will have gone up — enter today’s quotations.
06 Raw materials
- LCD driver unit — 500 a month — ₹1,50,000
- Injection-moulded plastic cases (two-channel and four-channel) — 250 + 250 a month — ₹1,80,000 and ₹50,000
- Printed circuit boards — 500 a month — ₹40,000
- Electronic components (ICs, transistors, capacitors, resistors, transformers) — ₹2,00,000 a month
- AC adaptors and batteries — 500 each a month — ₹60,000 and ₹10,000
07 Cost of project
| ₹ in lakh | |
|---|---|
| Plant and machinery | 2.64 |
| Contingency | 0.13 |
| Total fixed capital | 2.77 |
| Working capital margin | 0.00 |
| Total project cost | 2.77 |
08 Means of finance
| ₹ in lakh | % | |
|---|---|---|
| Promoter’s contribution | 0.28 | 10.0 |
| Subsidy | 0.69 | 25.0 |
| Term loan from bank | 1.80 | 65.0 |
| Total | 2.77 | 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 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| Insurance | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total cost of operations | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 |
| Operating profit (EBITDA) | -2.95 | -2.95 | -2.95 | -2.95 | -2.95 | -2.95 | -2.95 |
| Depreciation | 0.42 | 0.35 | 0.30 | 0.26 | 0.22 | 0.18 | 0.16 |
| Preliminary expenses written off | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest on term loan | 0.20 | 0.17 | 0.14 | 0.11 | 0.08 | 0.05 | 0.02 |
| Interest on working capital | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -3.56 | -3.47 | -3.39 | -3.31 | -3.24 | -3.18 | -3.12 |
| Income tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit after tax | -3.56 | -3.47 | -3.39 | -3.31 | -3.24 | -3.18 | -3.12 |
12 Cash flow
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Profit after tax | -3.56 | -3.47 | -3.39 | -3.31 | -3.24 | -3.18 | -3.12 |
| Depreciation | 0.42 | 0.35 | 0.30 | 0.26 | 0.22 | 0.18 | 0.16 |
| Cash accruals (PAT + depreciation) | -3.14 | -3.12 | -3.09 | -3.06 | -3.03 | -3.00 | -2.97 |
| Term loan repaid | 0.14 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 |
| Owner’s drawings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Surplus after repayment | -3.28 | -3.40 | -3.36 | -3.33 | -3.30 | -3.27 | -3.24 |
| Cash and bank | -3.28 | -6.68 | -10.04 | -13.38 | -16.68 | -19.96 | -23.20 |
13 Projected balance sheet
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Capital (own + subsidy) | 0.97 | 0.97 | 0.97 | 0.97 | 0.97 | 0.97 | 0.97 |
| Reserves and surplus | -3.56 | -7.03 | -10.42 | -13.73 | -16.98 | -20.16 | -23.28 |
| Term loan outstanding | 1.66 | 1.39 | 1.11 | 0.83 | 0.55 | 0.28 | 0.00 |
| Working capital loan | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | -0.93 | -4.68 | -8.34 | -11.93 | -15.45 | -18.91 | -22.31 |
| Net fixed assets | 2.36 | 2.00 | 1.70 | 1.45 | 1.23 | 1.05 | 0.89 |
| 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 | -3.28 | -6.68 | -10.04 | -13.38 | -16.68 | -19.96 | -23.20 |
| Total assets | -0.93 | -4.68 | -8.34 | -11.93 | -15.45 | -18.91 | -22.31 |
14 Ratios and break-even
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Debt service coverage ratio (DSCR) | -8.84 | -6.61 | -7.10 | -7.66 | -8.31 | -9.10 | -10.04 |
| Break-even (% of capacity used) | — | — | — | — | — | — | — |
| Cash break-even | — | — | — | — | — | — | — |
| Average DSCR | -8.24 |
|---|---|
| Lowest DSCR | -10.04 |
| Payback period | — |
15 Depreciation
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Depreciation | 0.42 | 0.35 | 0.30 | 0.26 | 0.22 | 0.18 | 0.16 |
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 | 1.80 | 0.20 | 0.14 | 1.66 |
| 2 | 1.66 | 0.17 | 0.28 | 1.39 |
| 3 | 1.39 | 0.14 | 0.28 | 1.11 |
| 4 | 1.11 | 0.11 | 0.28 | 0.83 |
| 5 | 0.83 | 0.08 | 0.28 | 0.55 |
| 6 | 0.55 | 0.05 | 0.28 | 0.28 |
| 7 | 0.28 | 0.02 | 0.28 | 0.00 |
17 Licences and registrations
- Udyam registration
- GST registration
- CDSCO manufacturing licence under the Medical Devices Rules, 2017
- Trade licence from the local body
18 Government schemes that may apply
- Prime Minister's Employment Generation Programme (PMEGP)
- Pradhan Mantri MUDRA Yojana (PMMY) – Shishu, Kishor, Tarun, Tarun Plus
- Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
19 Sources
- DC-MSME project profile — Digital Muscle Stimulator (MSME-DI New Delhi) — https://dcmsme.gov.in/ELECTRICAL%20PRODUCTS/Digital%20Muscle%20Stimulator.pdf
- World Customs Organization – HS Nomenclature 2022, Chapter 90 — https://www.wcoomd.org/-/media/wco/public/global/pdf/topics/nomenclature/instruments-and-tools/hs-nomenclature-2022/2022/1890_2022e.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.