Detailed Project Report
Glass Reinforced Cement (GRC) Products
—
Prepared on: 13 November 2026 · Prepared with Building Business DPR (buildingbusiness.in)
01 Project at a glance
- Total project cost
- ₹1.81 L
- Term loan from bank
- ₹1.18 L
- Promoter’s contribution
- ₹0.18 L
- Subsidy
- ₹0.45 L
- Sales · Year 3
- ₹0.00 L
- Profit after tax · Year 3
- ₹-3.21 L
- Average DSCR
- -12.51
- 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
Mould light, decorative building items — pillars, panels, jalis, cornices, planters and dust bins — from cement reinforced with glass fibre.
| Main product or service | Glass Reinforced Cement (GRC) Products |
|---|---|
| Installed capacity per year (at 100%) | 10,000 units |
04 Market
- Builders, architects and interior contractors
- Tent houses and marriage mandap owners
- Hotels, clubs and recreation centres
- Educational institutions, factories and corporate offices
- Orders against a chosen design
- Supply and fixing contracts on building sites
- Display at the workshop and through building material dealers
05 Plant and machinery
| Item | Qty | ₹ | Total ₹ |
|---|---|---|---|
| Concrete mixer with motor | 1 | 38,000 | 38,000 |
| Weighing machine, 300 kg | 1 | 50,000 | 50,000 |
| Compressor | 1 | 13,500 | 13,500 |
| Hammer drill (× 2) | 1 | 17,000 | 17,000 |
| Sander (× 2) | 1 | 17,000 | 17,000 |
| Jigsaw (× 2) | 1 | 10,400 | 10,400 |
| Stand drill, 1 inch, with motor | 1 | 12,500 | 12,500 |
| Water pump with 1 HP motor | 1 | 4,300 | 4,300 |
| Marble cutter | 1 | 3,600 | 3,600 |
| Hand grinder | 1 | 2,250 | 2,250 |
| Blower (× 2) | 1 | 3,800 | 3,800 |
| Total | 1,72,350 |
Pre-filled from: MSME-DI Chennai project profile — Glass Reinforced Cement Products. Prices in older reports will have gone up — enter today’s quotations.
06 Raw materials
- White cement — 1,200 kg a month at ₹14 a kg = ₹16,800
- Sand — 1,500 kg a month at ₹2 a kg = ₹3,000
- Gel coat — 320 kg a month at ₹300 a kg = ₹96,000
- Glass fibre — 310 kg a month at ₹350 a kg = ₹1,08,500
- Fibre mat — 400 kg a month at ₹300 a kg = ₹1,20,000
- General-purpose resin — 850 kg a month at ₹170 a kg = ₹1,44,500
- Catalyst, cobalt, thinner and waterproofing compound — small quantities; about ₹6,000 a month together
07 Cost of project
| ₹ in lakh | |
|---|---|
| Plant and machinery | 1.72 |
| Contingency | 0.09 |
| Total fixed capital | 1.81 |
| Working capital margin | 0.00 |
| Total project cost | 1.81 |
08 Means of finance
| ₹ in lakh | % | |
|---|---|---|
| Promoter’s contribution | 0.18 | 10.0 |
| Subsidy | 0.45 | 25.0 |
| Term loan from bank | 1.18 | 65.0 |
| Total | 1.81 | 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 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Insurance | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total cost of operations | 2.93 | 2.93 | 2.93 | 2.93 | 2.93 | 2.93 | 2.93 |
| Operating profit (EBITDA) | -2.93 | -2.93 | -2.93 | -2.93 | -2.93 | -2.93 | -2.93 |
| Depreciation | 0.27 | 0.23 | 0.20 | 0.17 | 0.14 | 0.12 | 0.10 |
| Preliminary expenses written off | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest on term loan | 0.13 | 0.11 | 0.09 | 0.07 | 0.05 | 0.03 | 0.01 |
| Interest on working capital | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -3.32 | -3.27 | -3.21 | -3.16 | -3.12 | -3.08 | -3.04 |
| Income tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit after tax | -3.32 | -3.27 | -3.21 | -3.16 | -3.12 | -3.08 | -3.04 |
12 Cash flow
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Profit after tax | -3.32 | -3.27 | -3.21 | -3.16 | -3.12 | -3.08 | -3.04 |
| Depreciation | 0.27 | 0.23 | 0.20 | 0.17 | 0.14 | 0.12 | 0.10 |
| Cash accruals (PAT + depreciation) | -3.05 | -3.04 | -3.02 | -3.00 | -2.98 | -2.96 | -2.94 |
| Term loan repaid | 0.09 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 |
| Owner’s drawings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Surplus after repayment | -3.14 | -3.22 | -3.20 | -3.18 | -3.16 | -3.14 | -3.12 |
| Cash and bank | -3.14 | -6.36 | -9.56 | -12.73 | -15.89 | -19.03 | -22.14 |
13 Projected balance sheet
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Capital (own + subsidy) | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 |
| Reserves and surplus | -3.32 | -6.59 | -9.80 | -12.96 | -16.08 | -19.16 | -22.20 |
| Term loan outstanding | 1.09 | 0.90 | 0.72 | 0.54 | 0.36 | 0.18 | 0.00 |
| Working capital loan | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | -1.60 | -5.05 | -8.44 | -11.79 | -15.09 | -18.34 | -21.56 |
| Net fixed assets | 1.54 | 1.31 | 1.11 | 0.94 | 0.80 | 0.68 | 0.58 |
| 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 | -3.14 | -6.36 | -9.56 | -12.73 | -15.89 | -19.03 | -22.14 |
| Total assets | -1.60 | -5.05 | -8.44 | -11.79 | -15.09 | -18.34 | -21.56 |
14 Ratios and break-even
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Debt service coverage ratio (DSCR) | -13.43 | -10.04 | -10.78 | -11.63 | -12.63 | -13.82 | -15.26 |
| Break-even (% of capacity used) | — | — | — | — | — | — | — |
| Cash break-even | — | — | — | — | — | — | — |
| Average DSCR | -12.51 |
|---|---|
| Lowest DSCR | -15.26 |
| Payback period | — |
15 Depreciation
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Depreciation | 0.27 | 0.23 | 0.20 | 0.17 | 0.14 | 0.12 | 0.10 |
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 | 1.18 | 0.13 | 0.09 | 1.09 |
| 2 | 1.09 | 0.11 | 0.18 | 0.90 |
| 3 | 0.90 | 0.09 | 0.18 | 0.72 |
| 4 | 0.72 | 0.07 | 0.18 | 0.54 |
| 5 | 0.54 | 0.05 | 0.18 | 0.36 |
| 6 | 0.36 | 0.03 | 0.18 | 0.18 |
| 7 | 0.18 | 0.01 | 0.18 | 0.00 |
17 Licences and registrations
- Udyam registration
- GST registration
- Trade licence from the local body
- Consent from the State Pollution Control Board where the state asks for it
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
- MSME-DI Chennai project profile — Glass Reinforced Cement Products — https://msmedi-chennai.gov.in/GARMS_Admin/basictools/images/ProjectProfiles/GlassReinforcedCementProducts.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.