PROJECT REPORT OF

TYRE SALE, WHEEL BALANCING & WHEEL

ALIGNMENT WORKSHOP

D NO. 3-118 (G), MARPADY VILLAGE

GANDHINAGRA, MUDABIDRI
MANGALORE-574227

PROMOTOR:
MR. MOHAMMED SAYEED

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 PROJECT AT GLANCE

NAME OF PROMOTER : Mr. MOHAMMED SAYEED

S/O ABDUL SHUKUR
7-1071/A, NOOR MOHALLA
KOTEBAGILU, MUDABIDRI
MANGALORE-574227

QUALIFICATION : - BBM IN MANGALORE UNIVERSITY

- MBA IN MANGALORE UNIVERSITY

EXPERIENCE : INDUSTRIALIST & 10 YEARS OF EXPERIENCE

IN AUTOMOBILE INDUSTRY

PROMOTER AADHAR NO : 4576 0431 2143

PROMOTER PAN NO : BVUPS3847K

LOCATION OF UNIT : 3-118(G), MARPADY VILLAGE

GANDHI NAGARA
MUDABIDRI-574227
MANGALORE, D.K

AREA OF UNIT : URBAN

SOCIAL CATEGORY : MINORITY

CONSTITUTION : PROPRIETARY CONCERN

ACTIVITY : - SALE OF TUBE & TYRE

- WHEEL BALANCING
- WHEEL ALIGNMENT

MAN POWER : 6

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NO OF SHIFTS : Single

COST OF PROJECT : Rs. 10, 00,000/-

CAPITAL EXPENDITURE : Rs. 4, 50,000/-

WORKING CAPITAL : Rs. 5, 50,000/-

MEANS OF FINANCE:

Term Loan From Bank : Rs. 9, 50,000/-

Promoters Contribution : Rs. 50,000/-

Loan Repayment Period : 7 years

CHAPTER I

INTRODUCTION

 Multi Brand Tyre

Indian tyre industry is scaling new heights with the tyre production in the country expected
to touch 191 million units by the end of FY 2019. With unprecedented growth in
automobiles, India has emerged as one of the world’s most competitive tyre market Rising
demand in passenger vehicles and two-wheeler segments coupled with availability of raw
material (natural rubber) and ultramodern production facilities has put the country among
the top markets of the world. Demand in automobile OEM ( Original Equipment
Manufacturer) sector and replacement market has also contributed to the rise of the
industry.

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  Wheel Balancing & Wheel alignment

It is very essential that all the Wheels of a Vehicle are completely balanced otherwise there
will be bubbling of wheel and this will affect the steering control. Similarly, if the wheel
alignment of vehicle is out of order, the rubbing of tyres will be more and free movement of
wheels also get affected. This results into rapid wear of tyre treads. To overcome these
problems, computerized Wheel Balancing and Wheel Alignment machines are used. These
machines are fully automatic, very accurate, quick and precise in their work.

CHAPTER II

COST OF PROJECT AND MEANS OF FINANCE

COST OF PROJECT (Amount In Rs.)

A) Land & Building 60,000.00

B) Machinery & Equipment 3, 25,000.00

C) Furniture & Fixtures 65,000.00

D) Working Capital 5, 50,000.00

------------------

TOTAL : 10, 00,000.00

===========

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 MEANS OF FINANCE

Loan from bank

Term loan : 9, 50,000.00

Promoter’s Contribution : 50,000.00

----------------
TOTAL : 10, 00,000.00
==========

TERM LOAN REPAYMENT SCHEDULE

------------------------------------------------------
An amount of Rs 9.50 lakh is required as term loan from Bank which will be repaid over a period
Of 7 years. The term loan will bear an interest rate of 11.00% p.a. The detailed term loan
Repayment schedule has been worked out as follows:-

(Rs. In Lakhs)
-------------------------------------------------------------------------------------------------------------
Years Opening Installment of Interest on principal Balance o/s at
Balance Term Loan Term Loan the end
--------------------------------------------------------------------------------------------------------------
1 9.50 1.95 1.00 0.95 8.55

2 8.55 1.95 0.89 1.06 7.48

3 7.48 1.95 0.76 1.19 6.29

4 6.29 1.95 0.63 1.33 4.97

5 4.97 1.95 0.47 1.48 3.49

6 3.49 1.95 0.30 1.65 1.84

7 1.84 1.95 0.11 1.84 -

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