Detailed Project Report
Smart Energy Meter Assembly
—
Prepared on: 13 November 2026 · Prepared with Building Business DPR (buildingbusiness.in)
01 Project at a glance
- Total project cost
- ₹19.23 L
- Term loan from bank
- ₹12.50 L
- Promoter’s contribution
- ₹1.92 L
- Subsidy
- ₹4.81 L
- Sales · Year 3
- ₹0.00 L
- Profit after tax · Year 3
- ₹-6.40 L
- Average DSCR
- -1.35
- 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 meter casings and assemble circuit boards into smart electricity meters.
| Main product or service | Smart Energy Meter Assembly |
|---|---|
| Installed capacity per year (at 100%) | 10,000 units |
04 Market
- Power distribution companies (through tenders)
- Larger meter brands and smart-meter contractors (job work)
- Housing societies and commercial buildings (sub-metering)
- Assembling for bigger meter makers
- Utility tenders after approvals
- Electrical contractors
05 Plant and machinery
| Item | Qty | ₹ | Total ₹ |
|---|---|---|---|
| Injection moulding machine | 1 | 7,00,000 | 7,00,000 |
| Solder paste printer | 1 | 1,00,000 | 1,00,000 |
| Pick-and-place machine | 1 | 1,50,000 | 1,50,000 |
| Single reflow oven | 1 | 90,000 | 90,000 |
| Solder paste inspection (SPI) machine | 1 | 1,65,000 | 1,65,000 |
| Automated optical inspection (AOI) machine | 1 | 4,00,000 | 4,00,000 |
| Temperature-controlled soldering station | 1 | 26,000 | 26,000 |
| Printing machine | 1 | 1,50,000 | 1,50,000 |
| Testing equipment (× LS) | 1 | 50,000 | 50,000 |
| Total | 18,31,000 |
Pre-filled from: PMEGP sample project report — Smart Energy Meter (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
- PP or PVC plastic granules — for moulding the meter casing
- Electronic parts: power converter, processor, modem, internal battery, display (LED/LCD), Hall-effect sensor, cover-tamper and tact switches, custom circuit board — the largest cost item
- Screws, springs, solder wire and paste, flux, battery contacts, connectors, wires — small parts bought in bulk
07 Cost of project
| ₹ in lakh | |
|---|---|
| Plant and machinery | 18.31 |
| Contingency | 0.92 |
| Total fixed capital | 19.23 |
| Working capital margin | 0.00 |
| Total project cost | 19.23 |
08 Means of finance
| ₹ in lakh | % | |
|---|---|---|
| Promoter’s contribution | 1.92 | 10.0 |
| Subsidy | 4.81 | 25.0 |
| Term loan from bank | 12.50 | 65.0 |
| Total | 19.23 | 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 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 |
| Insurance | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
| Total cost of operations | 3.36 | 3.36 | 3.36 | 3.36 | 3.36 | 3.36 | 3.36 |
| Operating profit (EBITDA) | -3.36 | -3.36 | -3.36 | -3.36 | -3.36 | -3.36 | -3.36 |
| Depreciation | 2.88 | 2.45 | 2.08 | 1.77 | 1.51 | 1.28 | 1.09 |
| Preliminary expenses written off | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest on term loan | 1.35 | 1.17 | 0.96 | 0.75 | 0.54 | 0.33 | 0.11 |
| Interest on working capital | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -7.60 | -6.98 | -6.40 | -5.88 | -5.40 | -4.97 | -4.56 |
| Income tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit after tax | -7.60 | -6.98 | -6.40 | -5.88 | -5.40 | -4.97 | -4.56 |
12 Cash flow
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Profit after tax | -7.60 | -6.98 | -6.40 | -5.88 | -5.40 | -4.97 | -4.56 |
| Depreciation | 2.88 | 2.45 | 2.08 | 1.77 | 1.51 | 1.28 | 1.09 |
| Cash accruals (PAT + depreciation) | -4.71 | -4.53 | -4.32 | -4.11 | -3.90 | -3.69 | -3.48 |
| Term loan repaid | 0.96 | 1.92 | 1.92 | 1.92 | 1.92 | 1.92 | 1.92 |
| Owner’s drawings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Surplus after repayment | -5.67 | -6.46 | -6.24 | -6.03 | -5.82 | -5.61 | -5.40 |
| Cash and bank | -5.67 | -12.13 | -18.37 | -24.41 | -30.23 | -35.84 | -41.23 |
13 Projected balance sheet
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Capital (own + subsidy) | 6.73 | 6.73 | 6.73 | 6.73 | 6.73 | 6.73 | 6.73 |
| Reserves and surplus | -7.60 | -14.58 | -20.99 | -26.87 | -32.27 | -37.24 | -41.80 |
| Term loan outstanding | 11.54 | 9.61 | 7.69 | 5.77 | 3.85 | 1.92 | 0.00 |
| Working capital loan | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 10.67 | 1.76 | -6.57 | -14.37 | -21.70 | -28.58 | -35.07 |
| Net fixed assets | 16.34 | 13.89 | 11.81 | 10.04 | 8.53 | 7.25 | 6.16 |
| 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 | -5.67 | -12.13 | -18.37 | -24.41 | -30.23 | -35.84 | -41.23 |
| Total assets | 10.67 | 1.76 | -6.57 | -14.37 | -21.70 | -28.58 | -35.07 |
14 Ratios and break-even
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Debt service coverage ratio (DSCR) | -1.45 | -1.09 | -1.17 | -1.26 | -1.37 | -1.49 | -1.65 |
| Break-even (% of capacity used) | — | — | — | — | — | — | — |
| Cash break-even | — | — | — | — | — | — | — |
| Average DSCR | -1.35 |
|---|---|
| Lowest DSCR | -1.65 |
| Payback period | — |
15 Depreciation
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Depreciation | 2.88 | 2.45 | 2.08 | 1.77 | 1.51 | 1.28 | 1.09 |
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 | 12.50 | 1.35 | 0.96 | 11.54 |
| 2 | 11.54 | 1.17 | 1.92 | 9.61 |
| 3 | 9.61 | 0.96 | 1.92 | 7.69 |
| 4 | 7.69 | 0.75 | 1.92 | 5.77 |
| 5 | 5.77 | 0.54 | 1.92 | 3.85 |
| 6 | 3.85 | 0.33 | 1.92 | 1.92 |
| 7 | 1.92 | 0.11 | 1.92 | 0.00 |
17 Licences and registrations
- Udyam registration
- GST registration
- Type-test and BIS certificates that the buying utility's tender asks for
- State Pollution Control Board consent to establish and operate
18 Government schemes that may apply
- Prime Minister's Employment Generation Programme (PMEGP)
- Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
- Stand-Up India
19 Sources
- PMEGP sample project report — Smart Energy Meter (prepared by Udyami/Samadhan) — https://pmegp.msme.gov.in/Home/DownloadDocument?fileName=Documents/ProjectSampleReport/Smart_Energy_Meter_%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.