Detailed Project Report
Gherkin Processing (Pickled Gherkins in Brine)
—
Prepared on: 13 November 2026 · Prepared with Building Business DPR (buildingbusiness.in)
01 Project at a glance
- Total project cost
- ₹21.00 L
- Term loan from bank
- ₹13.65 L
- Promoter’s contribution
- ₹2.10 L
- Subsidy
- ₹5.25 L
- Sales · Year 3
- ₹0.00 L
- Profit after tax · Year 3
- ₹-6.73 L
- Average DSCR
- -1.26
- 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
Grading small pickling cucumbers and packing them in brine or vinegar in jars, mostly for export buyers.
| Main product or service | Gherkin Processing (Pickled Gherkins in Brine) |
|---|---|
| Installed capacity per year (at 100%) | 10,000 units |
04 Market
- Export buyers and bulk importers
- Hotels, restaurants and burger and sandwich chains
- Supermarkets
- Supply against export orders
- Sale through merchant exporters
- Direct supply to food-service chains
05 Plant and machinery
| Item | Qty | ₹ | Total ₹ |
|---|---|---|---|
| Weighing scale (0.5 HP) | 1 | 1,00,000 | 1,00,000 |
| Washer (5 HP) | 1 | 2,00,000 | 2,00,000 |
| Grader (5 HP) | 1 | 2,00,000 | 2,00,000 |
| Inspection conveyor (2 HP) | 1 | 2,00,000 | 2,00,000 |
| Overflow brine filler (5 HP) | 1 | 2,00,000 | 2,00,000 |
| Exhausting-cum-capping line (10 HP) | 1 | 2,00,000 | 2,00,000 |
| Pasteuriser (5 HP) | 1 | 6,00,000 | 6,00,000 |
| Boiler (5 HP) | 1 | 3,00,000 | 3,00,000 |
| Total | 20,00,000 |
Pre-filled from: NIFTEM-Thanjavur (IIFPT) PMFME model DPR — Gherkins. Prices in older reports will have gone up — enter today’s quotations.
06 Raw materials
- Fresh gherkins — 0.13 tonnes a day at 60% capacity, ₹50 a kg; grown under contract and delivered the same day
- Salt, vinegar and brine ingredients — for the covering liquid
- Jars, caps and cartons — packaging at ₹50 per kg of product
07 Cost of project
| ₹ in lakh | |
|---|---|
| Plant and machinery | 20.00 |
| Contingency | 1.00 |
| Total fixed capital | 21.00 |
| Working capital margin | 0.00 |
| Total project cost | 21.00 |
08 Means of finance
| ₹ in lakh | % | |
|---|---|---|
| Promoter’s contribution | 2.10 | 10.0 |
| Subsidy | 5.25 | 25.0 |
| Term loan from bank | 13.65 | 65.0 |
| Total | 21.00 | 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 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 |
| Insurance | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 |
| Total cost of operations | 3.41 | 3.41 | 3.41 | 3.41 | 3.41 | 3.41 | 3.41 |
| Operating profit (EBITDA) | -3.41 | -3.41 | -3.41 | -3.41 | -3.41 | -3.41 | -3.41 |
| Depreciation | 3.15 | 2.68 | 2.28 | 1.93 | 1.64 | 1.40 | 1.19 |
| Preliminary expenses written off | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest on term loan | 1.48 | 1.28 | 1.05 | 0.82 | 0.59 | 0.36 | 0.13 |
| Interest on working capital | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -8.03 | -7.36 | -6.73 | -6.16 | -5.64 | -5.16 | -4.72 |
| Income tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit after tax | -8.03 | -7.36 | -6.73 | -6.16 | -5.64 | -5.16 | -4.72 |
12 Cash flow
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Profit after tax | -8.03 | -7.36 | -6.73 | -6.16 | -5.64 | -5.16 | -4.72 |
| Depreciation | 3.15 | 2.68 | 2.28 | 1.93 | 1.64 | 1.40 | 1.19 |
| Cash accruals (PAT + depreciation) | -4.88 | -4.69 | -4.45 | -4.22 | -3.99 | -3.76 | -3.53 |
| Term loan repaid | 1.05 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 |
| Owner’s drawings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Surplus after repayment | -5.93 | -6.79 | -6.55 | -6.32 | -6.09 | -5.86 | -5.63 |
| Cash and bank | -5.93 | -12.72 | -19.27 | -25.59 | -31.69 | -37.55 | -43.18 |
13 Projected balance sheet
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Capital (own + subsidy) | 7.35 | 7.35 | 7.35 | 7.35 | 7.35 | 7.35 | 7.35 |
| Reserves and surplus | -8.03 | -15.40 | -22.13 | -28.28 | -33.92 | -39.08 | -43.80 |
| Term loan outstanding | 12.60 | 10.50 | 8.40 | 6.30 | 4.20 | 2.10 | 0.00 |
| Working capital loan | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 11.92 | 2.45 | -6.38 | -14.63 | -22.37 | -29.63 | -36.45 |
| Net fixed assets | 17.85 | 15.17 | 12.90 | 10.96 | 9.32 | 7.92 | 6.73 |
| 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 | -5.93 | -12.72 | -19.27 | -25.59 | -31.69 | -37.55 | -43.18 |
| Total assets | 11.92 | 2.45 | -6.38 | -14.63 | -22.37 | -29.63 | -36.45 |
14 Ratios and break-even
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Debt service coverage ratio (DSCR) | -1.35 | -1.01 | -1.08 | -1.17 | -1.27 | -1.39 | -1.53 |
| Break-even (% of capacity used) | — | — | — | — | — | — | — |
| Cash break-even | — | — | — | — | — | — | — |
| Average DSCR | -1.26 |
|---|---|
| Lowest DSCR | -1.53 |
| Payback period | — |
15 Depreciation
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Depreciation | 3.15 | 2.68 | 2.28 | 1.93 | 1.64 | 1.40 | 1.19 |
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 | 13.65 | 1.48 | 1.05 | 12.60 |
| 2 | 12.60 | 1.28 | 2.10 | 10.50 |
| 3 | 10.50 | 1.05 | 2.10 | 8.40 |
| 4 | 8.40 | 0.82 | 2.10 | 6.30 |
| 5 | 6.30 | 0.59 | 2.10 | 4.20 |
| 6 | 4.20 | 0.36 | 2.10 | 2.10 |
| 7 | 2.10 | 0.13 | 2.10 | 0.00 |
17 Licences and registrations
- Udyam registration
- GST registration
- FSSAI licence
- Import Export Code (IEC) and APEDA registration for exports
- Consent from the State Pollution Control Board where it applies
18 Government schemes that may apply
- PM Formalisation of Micro Food Processing Enterprises (PM FME)
- 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
- NIFTEM-Thanjavur (IIFPT) PMFME model DPR — Gherkins — https://niftem-t.ac.in/pmfme/dpr-gherkins.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.