Detailed Project Report
Refrigerated and Insulated Transport Vehicle (Reefer Van)
—
Prepared on: 13 November 2026 · Prepared with Building Business DPR (buildingbusiness.in)
01 Project at a glance
- Total project cost
- ₹126.46 L
- Term loan from bank
- ₹113.82 L
- Promoter’s contribution
- ₹12.65 L
- Sales · Year 3
- ₹0.00 L
- Profit after tax · Year 3
- ₹-28.49 L
- Average DSCR
- -0.27
- 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
Owning a refrigerated or insulated truck and carrying fish, fruit, vegetables, milk products and other perishables on hire.
| Main product or service | Refrigerated and Insulated Transport Vehicle (Reefer Van) |
|---|---|
| Installed capacity per year (at 100%) | 10,000 units |
04 Market
- Fish traders and exporters
- Fruit and vegetable aggregators, pack houses and cold stores
- Dairies and ice-cream makers
- Trip contracts with traders and processors
- Transport brokers and freight apps
05 Plant and machinery
| Item | Qty | ₹ | Total ₹ |
|---|---|---|---|
| Insulated vehicle (fish) | 1 | 20,00,000 | 20,00,000 |
| Refrigerated vehicle (fish) | 1 | 25,00,000 | 25,00,000 |
| Refrigerated transport vehicle, 15 MT (horticulture) | 1 | 30,00,000 | 30,00,000 |
| Dairy product transportation facilities and cold chain (2010 norm) | 1 | 24,00,000 | 24,00,000 |
| 10-ton insulated truck for fish and shrimp transport (Andhra Pradesh, 2025-26) | 1 | 21,44,000 | 21,44,000 |
| Total | 1,20,44,000 |
Pre-filled from: Department of Fisheries, Government of West Bengal — PMMSY list of beneficiary-oriented schemes (unit costs); National Horticulture Board — MIDH cost norms and pattern of assistance. Prices in older reports will have gone up — enter today’s quotations.
06 Cost of project
| ₹ in lakh | |
|---|---|
| Plant and machinery | 120.44 |
| Contingency | 6.02 |
| Total fixed capital | 126.46 |
| Working capital margin | 0.00 |
| Total project cost | 126.46 |
07 Means of finance
| ₹ in lakh | % | |
|---|---|---|
| Promoter’s contribution | 12.65 | 10.0 |
| Term loan from bank | 113.82 | 90.0 |
| Total | 126.46 | 100.0 |
| Working capital loan (outside project cost) | 0.00 |
08 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% |
09 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 |
10 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 | 2.53 | 2.53 | 2.53 | 2.53 | 2.53 | 2.53 | 2.53 |
| Insurance | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 |
| Total cost of operations | 6.04 | 6.04 | 6.04 | 6.04 | 6.04 | 6.04 | 6.04 |
| Operating profit (EBITDA) | -6.04 | -6.04 | -6.04 | -6.04 | -6.04 | -6.04 | -6.04 |
| Depreciation | 18.97 | 16.12 | 13.71 | 11.65 | 9.90 | 8.42 | 7.15 |
| Preliminary expenses written off | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest on term loan | 12.32 | 10.67 | 8.75 | 6.82 | 4.90 | 2.97 | 1.04 |
| Interest on working capital | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -37.33 | -32.84 | -28.49 | -24.51 | -20.84 | -17.43 | -14.24 |
| Income tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit after tax | -37.33 | -32.84 | -28.49 | -24.51 | -20.84 | -17.43 | -14.24 |
11 Cash flow
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Profit after tax | -37.33 | -32.84 | -28.49 | -24.51 | -20.84 | -17.43 | -14.24 |
| Depreciation | 18.97 | 16.12 | 13.71 | 11.65 | 9.90 | 8.42 | 7.15 |
| Cash accruals (PAT + depreciation) | -18.36 | -16.72 | -14.79 | -12.86 | -10.94 | -9.01 | -7.08 |
| Term loan repaid | 8.76 | 17.51 | 17.51 | 17.51 | 17.51 | 17.51 | 17.51 |
| Owner’s drawings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Surplus after repayment | -27.12 | -34.23 | -32.30 | -30.37 | -28.45 | -26.52 | -24.59 |
| Cash and bank | -27.12 | -61.34 | -93.64 | -124.01 | -152.46 | -178.98 | -203.58 |
12 Projected balance sheet
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Capital (own + subsidy) | 12.65 | 12.65 | 12.65 | 12.65 | 12.65 | 12.65 | 12.65 |
| Reserves and surplus | -37.33 | -70.17 | -98.66 | -123.18 | -144.02 | -161.44 | -175.68 |
| Term loan outstanding | 105.06 | 87.55 | 70.04 | 52.53 | 35.02 | 17.51 | 0.00 |
| Working capital loan | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 80.38 | 30.03 | -15.98 | -58.00 | -96.35 | -131.29 | -163.04 |
| Net fixed assets | 107.49 | 91.37 | 77.66 | 66.01 | 56.11 | 47.70 | 40.54 |
| 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 | -27.12 | -61.34 | -93.64 | -124.01 | -152.46 | -178.98 | -203.58 |
| Total assets | 80.38 | 30.03 | -15.98 | -58.00 | -96.35 | -131.29 | -163.04 |
13 Ratios and break-even
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Debt service coverage ratio (DSCR) | -0.29 | -0.21 | -0.23 | -0.25 | -0.27 | -0.30 | -0.33 |
| Break-even (% of capacity used) | — | — | — | — | — | — | — |
| Cash break-even | — | — | — | — | — | — | — |
| Average DSCR | -0.27 |
|---|---|
| Lowest DSCR | -0.33 |
| Payback period | — |
14 Depreciation
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Depreciation | 18.97 | 16.12 | 13.71 | 11.65 | 9.90 | 8.42 | 7.15 |
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.
15 Term loan repayment
| Year | Opening | Interest | Term loan repaid | Closing |
|---|---|---|---|---|
| 1 | 113.82 | 12.32 | 8.76 | 105.06 |
| 2 | 105.06 | 10.67 | 17.51 | 87.55 |
| 3 | 87.55 | 8.75 | 17.51 | 70.04 |
| 4 | 70.04 | 6.82 | 17.51 | 52.53 |
| 5 | 52.53 | 4.90 | 17.51 | 35.02 |
| 6 | 35.02 | 2.97 | 17.51 | 17.51 |
| 7 | 17.51 | 1.04 | 17.51 | 0.00 |
16 Licences and registrations
- Commercial vehicle registration and goods carriage permit
- Insurance, fitness and pollution certificates
- FSSAI registration or licence as a food transporter
- GST registration
17 Government schemes that may apply
- NHB Capital Investment Subsidy – Commercial Horticulture & Cold Storage (Scheme 1 and Cold Storage Scheme)
- Agriculture Infrastructure Fund (AIF)
- Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
18 Sources
- Department of Fisheries, Government of West Bengal — PMMSY list of beneficiary-oriented schemes (unit costs) — https://wbfisheries.wb.gov.in/official/pdf_upload_file/58091877_2023-05-29_Beneficiar-Oriented-Schemes.pdf
- National Horticulture Board — MIDH cost norms and pattern of assistance — https://nhb.gov.in/hindi/pdf/Cost%20Norms.pdf
- NABARD circular 186/TSD-03/2010 — Dairy Entrepreneurship Development Scheme (DEDS) guidelines — https://www.nabard.org/auth/writereaddata/File/Annexure_1.pdf
- NABARD Andhra Pradesh Regional Office — A Comprehensive Guide of Unit Costs on Investment in Agriculture and Allied Sectors 2025-26 — https://www.nabard.org/auth/writereaddata/tender/pub_2409250327511846.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.