Detailed Project Report
Glass Mirror Making
—
Prepared on: 13 November 2026 · Prepared with Building Business DPR (buildingbusiness.in)
01 Project at a glance
- Total project cost
- ₹13.65 L
- Term loan from bank
- ₹8.87 L
- Promoter’s contribution
- ₹1.37 L
- Subsidy
- ₹3.41 L
- Sales · Year 3
- ₹0.00 L
- Profit after tax · Year 3
- ₹-5.38 L
- Average DSCR
- -1.83
- 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
Silver, copper-coat and paint glass sheets to make household and furniture mirrors.
| Main product or service | Glass Mirror Making |
|---|---|
| Installed capacity per year (at 100%) | 10,000 units |
04 Market
- Households
- Furniture makers
- Fancy shops, showrooms, theatres and offices (report)
- Glass and hardware dealers
- Direct supply to furniture units
- Export to South-East Asia (report)
05 Plant and machinery
| Item | Qty | ₹ | Total ₹ |
|---|---|---|---|
| Plant and machinery for cleaning, sensitising, silvering, coppering and painting (itemised list not printed) (× 1 lot) | 1 | 13,00,000 | 13,00,000 |
| Total | 13,00,000 |
Pre-filled from: PMEGP sample project report — Glass Mirror Making (prepared by Udyami/Samadhan); World Customs Organization – HS Nomenclature 2022 edition. Prices in older reports will have gone up — enter today’s quotations.
06 Raw materials
- Glass sheet / plate glass, 2–7 mm — the report prices raw material at an average ₹525 per sq m for 2, 3, 4 and 5.5 mm
- Silvering and sensitising chemicals — for the reflective coat
- Copper coating and paint (red lead and varnish or cellulose enamel) — protective backing
07 Cost of project
| ₹ in lakh | |
|---|---|
| Plant and machinery | 13.00 |
| Contingency | 0.65 |
| Total fixed capital | 13.65 |
| Working capital margin | 0.00 |
| Total project cost | 13.65 |
08 Means of finance
| ₹ in lakh | % | |
|---|---|---|
| Promoter’s contribution | 1.37 | 10.0 |
| Subsidy | 3.41 | 25.0 |
| Term loan from bank | 8.87 | 65.0 |
| Total | 13.65 | 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 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 |
| Insurance | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 |
| Total cost of operations | 3.22 | 3.22 | 3.22 | 3.22 | 3.22 | 3.22 | 3.22 |
| Operating profit (EBITDA) | -3.22 | -3.22 | -3.22 | -3.22 | -3.22 | -3.22 | -3.22 |
| Depreciation | 2.05 | 1.74 | 1.48 | 1.26 | 1.07 | 0.91 | 0.77 |
| Preliminary expenses written off | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest on term loan | 0.96 | 0.83 | 0.68 | 0.53 | 0.38 | 0.23 | 0.08 |
| Interest on working capital | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -6.23 | -5.79 | -5.38 | -5.01 | -4.67 | -4.36 | -4.07 |
| Income tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit after tax | -6.23 | -5.79 | -5.38 | -5.01 | -4.67 | -4.36 | -4.07 |
12 Cash flow
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Profit after tax | -6.23 | -5.79 | -5.38 | -5.01 | -4.67 | -4.36 | -4.07 |
| Depreciation | 2.05 | 1.74 | 1.48 | 1.26 | 1.07 | 0.91 | 0.77 |
| Cash accruals (PAT + depreciation) | -4.18 | -4.05 | -3.90 | -3.75 | -3.60 | -3.45 | -3.30 |
| Term loan repaid | 0.68 | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 |
| Owner’s drawings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Surplus after repayment | -4.86 | -5.42 | -5.27 | -5.12 | -4.97 | -4.82 | -4.67 |
| Cash and bank | -4.86 | -10.28 | -15.55 | -20.67 | -25.64 | -30.45 | -35.12 |
13 Projected balance sheet
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Capital (own + subsidy) | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 |
| Reserves and surplus | -6.23 | -12.02 | -17.41 | -22.42 | -27.09 | -31.45 | -35.52 |
| Term loan outstanding | 8.19 | 6.83 | 5.46 | 4.10 | 2.73 | 1.37 | 0.00 |
| Working capital loan | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 6.74 | -0.42 | -7.17 | -13.54 | -19.58 | -25.31 | -30.75 |
| Net fixed assets | 11.60 | 9.86 | 8.38 | 7.13 | 6.06 | 5.15 | 4.38 |
| 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 | -4.86 | -10.28 | -15.55 | -20.67 | -25.64 | -30.45 | -35.12 |
| Total assets | 6.74 | -0.42 | -7.17 | -13.54 | -19.58 | -25.31 | -30.75 |
14 Ratios and break-even
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Debt service coverage ratio (DSCR) | -1.96 | -1.47 | -1.57 | -1.70 | -1.84 | -2.02 | -2.23 |
| Break-even (% of capacity used) | — | — | — | — | — | — | — |
| Cash break-even | — | — | — | — | — | — | — |
| Average DSCR | -1.83 |
|---|---|
| Lowest DSCR | -2.23 |
| Payback period | — |
15 Depreciation
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Depreciation | 2.05 | 1.74 | 1.48 | 1.26 | 1.07 | 0.91 | 0.77 |
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 | 8.87 | 0.96 | 0.68 | 8.19 |
| 2 | 8.19 | 0.83 | 1.37 | 6.83 |
| 3 | 6.83 | 0.68 | 1.37 | 5.46 |
| 4 | 5.46 | 0.53 | 1.37 | 4.10 |
| 5 | 4.10 | 0.38 | 1.37 | 2.73 |
| 6 | 2.73 | 0.23 | 1.37 | 1.37 |
| 7 | 1.37 | 0.08 | 1.37 | 0.00 |
17 Licences and registrations
- Udyam registration
- GST registration
- State Pollution Control Board consent (spray booth and waste water)
- Factory licence
- BIS IS 3438 / IS 6184 quality standards (named in the report)
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
- PMEGP sample project report — Glass Mirror Making (prepared by Udyami/Samadhan) — https://pmegp.msme.gov.in/Home/DownloadDocument?fileName=Documents/ProjectSampleReport/Glass_Mirror_making_%28_Samadhan_Projects_%29.pdf
- World Customs Organization – HS Nomenclature 2022 edition — https://www.wcoomd.org/en/topics/nomenclature/instrument-and-tools/hs-nomenclature-2022-edition/hs-nomenclature-2022-edition.aspx
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.