Detailed Project Report
White Spirit (Mineral Turpentine Oil) Repacking
—
Prepared on: 13 November 2026 · Prepared with Building Business DPR (buildingbusiness.in)
01 Project at a glance
- Total project cost
- ₹1.47 L
- Term loan from bank
- ₹0.96 L
- Promoter’s contribution
- ₹0.15 L
- Subsidy
- ₹0.37 L
- Sales · Year 3
- ₹0.00 L
- Profit after tax · Year 3
- ₹-3.15 L
- Average DSCR
- -15.36
- 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
Buy white spirit (mineral turpentine oil) in bulk and fill it by hand into 1-litre bottles for shops and painters.
| Main product or service | White Spirit (Mineral Turpentine Oil) Repacking |
|---|---|
| Installed capacity per year (at 100%) | 10,000 units |
04 Market
- Painters and paint shops
- Hardware stores
- Workshops that degrease metal
- Printing, waterproofing and textile-printing units
- Supply to hardware and paint dealers
- Direct sales to workshops and contractors
05 Plant and machinery
| Item | Qty | ₹ | Total ₹ |
|---|---|---|---|
| Storage vessel, HDPE/PP/LLDPE, 5,000 litres (× 2) | 1 | 50,000 | 50,000 |
| Manual filling machine | 1 | 10,000 | 10,000 |
| Sealing machine | 1 | 10,000 | 10,000 |
| Laboratory equipment and office furniture (× lot) | 1 | 50,000 | 50,000 |
| Firefighting equipment (× lot) | 1 | 20,000 | 20,000 |
| Total | 1,40,000 |
Pre-filled from: MSME-DI Jaipur project profile — Repacking of White Spirit / Mineral Turpentine Oil; World Customs Organization – HS Nomenclature 2022, Chapter 27. Prices in older reports will have gone up — enter today’s quotations.
06 Raw materials
- White spirit / mineral turpentine oil (bulk) — 8,340 litres a month at ₹55 a litre; from oil company marketing offices or solvent dealers
- PET bottles, 1 litre, with caps — 8,500 a month at ₹3 each
- Corrugated boxes (20 bottles each) — 425 a month at ₹30 each
- Stickers and labels — ₹1 each
07 Cost of project
| ₹ in lakh | |
|---|---|
| Plant and machinery | 1.40 |
| Contingency | 0.07 |
| Total fixed capital | 1.47 |
| Working capital margin | 0.00 |
| Total project cost | 1.47 |
08 Means of finance
| ₹ in lakh | % | |
|---|---|---|
| Promoter’s contribution | 0.15 | 10.0 |
| Subsidy | 0.37 | 25.0 |
| Term loan from bank | 0.96 | 65.0 |
| Total | 1.47 | 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 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Insurance | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total cost of operations | 2.92 | 2.92 | 2.92 | 2.92 | 2.92 | 2.92 | 2.92 |
| Operating profit (EBITDA) | -2.92 | -2.92 | -2.92 | -2.92 | -2.92 | -2.92 | -2.92 |
| Depreciation | 0.22 | 0.19 | 0.16 | 0.14 | 0.12 | 0.10 | 0.08 |
| Preliminary expenses written off | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest on term loan | 0.10 | 0.09 | 0.07 | 0.06 | 0.04 | 0.02 | 0.01 |
| Interest on working capital | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -3.24 | -3.19 | -3.15 | -3.11 | -3.07 | -3.04 | -3.01 |
| Income tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit after tax | -3.24 | -3.19 | -3.15 | -3.11 | -3.07 | -3.04 | -3.01 |
12 Cash flow
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Profit after tax | -3.24 | -3.19 | -3.15 | -3.11 | -3.07 | -3.04 | -3.01 |
| Depreciation | 0.22 | 0.19 | 0.16 | 0.14 | 0.12 | 0.10 | 0.08 |
| Cash accruals (PAT + depreciation) | -3.02 | -3.01 | -2.99 | -2.97 | -2.96 | -2.94 | -2.93 |
| Term loan repaid | 0.07 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 |
| Owner’s drawings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Surplus after repayment | -3.09 | -3.15 | -3.14 | -3.12 | -3.10 | -3.09 | -3.07 |
| Cash and bank | -3.09 | -6.25 | -9.38 | -12.51 | -15.61 | -18.70 | -21.77 |
13 Projected balance sheet
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Capital (own + subsidy) | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 |
| Reserves and surplus | -3.24 | -6.43 | -9.58 | -12.69 | -15.77 | -18.81 | -21.81 |
| Term loan outstanding | 0.88 | 0.74 | 0.59 | 0.44 | 0.29 | 0.15 | 0.00 |
| Working capital loan | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | -1.84 | -5.18 | -8.48 | -11.74 | -14.96 | -18.14 | -21.30 |
| Net fixed assets | 1.25 | 1.06 | 0.90 | 0.77 | 0.65 | 0.55 | 0.47 |
| 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 | -3.09 | -6.25 | -9.38 | -12.51 | -15.61 | -18.70 | -21.77 |
| Total assets | -1.84 | -5.18 | -8.48 | -11.74 | -14.96 | -18.14 | -21.30 |
14 Ratios and break-even
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Debt service coverage ratio (DSCR) | -16.49 | -12.33 | -13.23 | -14.28 | -15.51 | -16.96 | -18.73 |
| Break-even (% of capacity used) | — | — | — | — | — | — | — |
| Cash break-even | — | — | — | — | — | — | — |
| Average DSCR | -15.36 |
|---|---|
| Lowest DSCR | -18.73 |
| Payback period | — |
15 Depreciation
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Depreciation | 0.22 | 0.19 | 0.16 | 0.14 | 0.12 | 0.10 | 0.08 |
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 | 0.96 | 0.10 | 0.07 | 0.88 |
| 2 | 0.88 | 0.09 | 0.15 | 0.74 |
| 3 | 0.74 | 0.07 | 0.15 | 0.59 |
| 4 | 0.59 | 0.06 | 0.15 | 0.44 |
| 5 | 0.44 | 0.04 | 0.15 | 0.29 |
| 6 | 0.29 | 0.02 | 0.15 | 0.15 |
| 7 | 0.15 | 0.01 | 0.15 | 0.00 |
17 Licences and registrations
- Petroleum storage licence from PESO when stock exceeds the quantity exempt under the Petroleum Rules
- Fire NOC
- Legal Metrology registration for packaged commodities
- State Pollution Control Board consent
- Udyam registration
- GST registration
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 Jaipur project profile — Repacking of White Spirit / Mineral Turpentine Oil — https://msmedijaipur.gov.in/frontupload/Project_Profile_Repacking_of_White_Sprit_Mineral.pdf
- World Customs Organization – HS Nomenclature 2022, Chapter 27 — https://www.wcoomd.org/-/media/wco/public/global/pdf/topics/nomenclature/instruments-and-tools/hs-nomenclature-2022/2022/0527_2022e.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.