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Pre-Feasibility Study
SUBCONTRACT WORKSHOP FACILITY
Small and Medium Enterprises Development Authority
Ministry of Industries & Production
Government of Pakistan
www.smeda.org.pk
HEAD OFFICE
4th Floor, Building No. 3, Aiwan-e-Iqbal Complex, Egerton Road,Lahore
Tel: (92 42) 111 111 456, Fax: (92 42) [email protected]
REGIONAL OFFICEPUNJAB
REGIONAL OFFICESINDH
REGIONAL OFFICE
KPK REGIONAL OFFICE
BALOCHISTAN
3rd Floor, Building No. 3,Aiwan-e-Iqbal Complex,
Egerton Road Lahore,Tel: (042) 111-111-456Fax: (042) 36304926-7
5TH
Floor, Bahria
Complex II, M.T. Khan Road,
Karachi.Tel: (021) 111-111-456
Fax: (021) 5610572
Ground Floor
State Life Building
The Mall, Peshawar.Tel: (091) 9213046-47
Fax: (091) 286908
Bungalow No. 15-A
Chaman Housing Scheme
Airport Road, Quetta.Tel: (081) 831623, 831702
Fax: (081) 831922
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1 EXECUTIVE SUMMARY ................................................................................ 5
2 INTRODUCTION TO SMEDA ........................................................................ 6
3 PURPOSE OF THE DOCUMENT................................................................... 6
4 PROJECT PROFILE......................................................................................... 7
4.1 PROJECT BRIEF................................................................................................ 74.2 OPPORTUNITY R ATIONALE.............................................................................. 7
4.3 PROPOSED BUSINESS LEGAL STATUS.............................................................. 8
4.4 PROJECT COST ................................................................................................ 84.5 PROPOSED CAPACITY...................................................................................... 8
4.6 PROPOSED PRODUCT MIX ............................................................................... 8
4.7 POSSIBLE OPERATIONS AT THE WORKSHOP..................................................... 84.8 PROCESSES INVOLVED MODULE WISE.............................................................. 9
5 KEY SUCCESS FACTORS............................................................................... 9
6 SWOT ANALYSIS ............................................................................................. 9
6.1 STRENGTHS..................................................................................................... 9
6.2 WEAKNESSES ................................................................................................ 10
6.3 OPPORTUNITIES............................................................................................. 106.4 THREATS ....................................................................................................... 10
7 INDUSTRY & MARKET ANALYSIS........................................................... 10
8 RAW MATERIAL............................................................................................ 10
8.1 R AW MATERIAL R EQUIREMENT.................................................................... 10
9 MACHINERY DETAILS ................................................................................ 11
10 OFFICE EQUIPMENT ................................................................................ 12
11 VEHICLES .................................................................................................... 13
12 MANPOWER REQUIREMENTS .............................................................. 13
12.1 NUMBER OF PEOPLE R EQUIRED ................................................................. 13
13 LAND & BUILDING .................................................................................... 13
13.1 LAND AND BUILDING R EQUIREMENT......................................................... 1313.2 SUITABLE LOCATION ................................................................................. 1413.3 I NFRASTRUCTURE R EQUIREMENT .............................................................. 14
14 PROJECT ECONOMICS ............................................................................ 14
15 FINANCIAL ANALYSIS ............................................................................. 16
15.1 PROJECT COST ........................................................................................... 16
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15.2 PROJECTED I NCOME STATEMENT............................................................... 17
15.3 PROJECTED CASH FLOW STATEMENT ........................................................ 1815.4 PROJECTED BALANCE SHEET ..................................................................... 19
15.5 R EVENUE GENERATION TABLES ................................................................ 20
16 KEY ASSUMPTIONS .................................................................................. 23
17 ANNEXURE .................................................................................................. 24
17.1 MACHINERY SUPPLIERS............................................................................. 24
17.2 TAX DEDUCTION INCOME SLABS ................................................................ 25
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DISCLAIMER
The purpose and scope of this information memorandum is to introduce the subject
matter and provide a general idea and information on the said area. All the material
included in this document is based on data/information gathered from various
sources and is based on certain assumptions. Although, due care and diligence has
been taken to compile this document, the contained information may vary due to any
change in any of the concerned factors, and the actual results may differ substantially
from the presented information. SMEDA does not assume any liability for any
financial or other loss resulting from this memorandum in consequence of
undertaking this activity. Therefore, the content of this memorandum should not be
relied upon for making any decision, investment or otherwise. The prospective userof this memorandum is encouraged to carry out his/her own due diligence and gather
any information he/she considers necessary for making an informed decision.
The content of the information memorandum does not bind SMEDA in any legal or
other form.
DOCUMENT CONTROL
Document No. PREF-10
Revision 2
Prepared by SMEDA-Punjab
Approved by GM Punjab
Issue Date June, 2002
Revision Date June, 2011
Issued by Library Officer
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11
EEXXEECCUUTTIIVVEE SSUUMMMMAARRYY
This particular pre-feasibility involves setting up a ‘Subcontract Workshop’ in anyindustrial city of Pakistan. The workshop is assumed to cater to the automobile,
vehicle repairing, car engine rebuilding and other small workshop practices. The
machinery is proposed to be purchased in two phases of the project and the workers
are hired accordingly.
Sub contracting workshop comes in the segment of light engineering industry. The
development in light engineering industry is a continuous process. Most of the
subcontracting workshops are part of small and medium scale industry.
Subcontracting workshops work in support of various industries for repairing andmanufacturing of machinery and machinery parts. Most of the workshops are in
cities like Lahore, Gujranwala, Faisalabad, Karachi etc.
The total project cost for setting up this workshop is estimated at Rs. 3.551 million.
The project is financed through 50% debt and 50% equity. The project NPV isaround Rs. 0.862 million, with an IRR of 24% and payback period of 4.94 years. The
legal business status of this project is proposed as ‘Sole Proprietorship’.
The workshop is proposed to operate 8 hours everyday. The maximum jobs for the
project are assumed to be 2,880 per year. During the first year 25% capacity isassumed and for the second year 40% capacity is assumed. Second year onwards
there is a 10% annual increase in the number of jobs carried out. The number of jobs
completed depends on the total number of machinery and employees hired.
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22 IINNTTRROODDUUCCTTIIOONN TTOO SSMMEEDDAA
The Small and Medium Enterprises Development Authority (SMEDA) was
established with the objective to provide fresh impetus to the economy through the
launch of an aggressive SME support program.
Since its inception in October 1998, SMEDA adopted a sectoral SME developmentapproach. A few priority sectors were selected on the criterion of SME presence. In
depth research was conducted and comprehensive development plans were
formulated after identification of impediments and retardants. The all-encompassingsectoral development strategy involved recommending changes in the regulatory
environment by taking into consideration other important aspects including finance,
marketing, technology and human resource development.
SMEDA has so far successfully formulated strategies for industries such ashorticulture, including export of fruits and vegetables, marble and granite, gems and
jewellery, marine fisheries, leather and footwear, textiles, surgical instruments,
transport, dairy etc. Whereas the task of SME development at a broader scale stillrequires more coverage and enhanced reach in terms of SMEDA’s areas of
operation.
Along with the sectoral focus a broad spectrum of business development services is
also offered to the SMEs by SMEDA. These services include identification of viable business opportunities for potential SME investors. In order to facilitate these
investors, SMEDA provides business guidance through its help desk services as well
as development of project specific documents. These documents consist ofinformation required to make well-researched investment decisions. Pre-feasibility
studies and business plan development are some of the services provided to enhance
the capacity of individual SMEs to exploit viable business opportunities in a better
way.
This document is in the continuation of this effort to enable potential investors to
make well-informed investment decisions.
33 PPUURRPPOOSSEE OOFF TTHHEE DDOOCCUUMMEENNTT
The objective of this proposed Pre-feasibility is primarily to facilitate potential
entrepreneurs with investment information and provide an overview about the
"Subcontract Workshop Business". The project pre-feasibility may form the basis ofan important investment decision and in order to serve this objective, the
document/study covers various aspects of project concept development, start-up, andmarketing, finance and business management.
The purpose of this document is to facilitate potential investors by providing them amacro and micro view of the business with the hope that the information provided
herein will aid the potential investors in crucial investment decisions.
Our report is based on the information obtained by us from industry sources as well
as our discussions with businessmen. In the financial model, since
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forecast/projections relate to the future periods, actual results are likely to differ
because of the events and circumstances that do not occur as expected.
44
PPRROOJJEECCTT PPRROOFFIILLEE
44..11
PPrroo j jeecctt BBrriieef f
This particular pre-feasibility is about setting up a Subcontract Workshop facility,
which will cater to the automobile sector, providing services such as automobile,
vehicle repairing, car engine rebuilding and other small workshop practices. This pre-feasibility is suitable for a person who has a Mechanical Engineering
background. These engineers are recommended to have previous experience in a
workshop environment. This project can be started by having at least the machinesmentioned in the first module (Table 9-1). Later on, as the business builds up, four
more machines, as given in module-2, can be added in 4th
year of operations. This
means, capital investment will be carried out keeping in view the job orders coming
in. Marketing efforts, mainly including personal visits, are required to obtain joborders.
Subcontract workshops can act as a subcontracting/service oriented facility to
organizations working in any of the following sectors:
• Textile Sector
• Auto repair shops
• Auto part makers
• Cement Sector
• Cooking Oil Unit
• Food Industry
•
Sugar Industry
• Soft Drink Industry
• Flour Mills
• Rice Mills
44..22 OOppppoorrttuunniittyy RRaattiioonnaallee
The lack of sub-contracting and specialization is one of the major structural
weaknesses of the country's engineering industries. There are very few domestic
supporting industries. The supporting industries are responsible for producing andrepairing parts and components of machinery and equipment and for providing
industrial service. These industries contribute to reducing the import dependency,create employment, link large and medium sized companies through sub-contracting
arrangements etc. Mostly, expatriate engineers returning from the Gulf and MiddleEast demand such feasibility, because they have some savings to invest and want to
carry out business in a field in which they have knowledge and previous work
experience. A person with engineering background can easily manage a SubcontractWorkshop business.
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FFiigguurree 44--11 FFllooww CChhaarrtt f f oorr DDiif f f f eerreenntt PPrroocceesssseess
Riveting/Assembling
Drilling/Turning
Shaping /Milling
Die making
Welding/Grinding
Stamping
PrecisionGrinding
Painting Drying
44..88 PPrroocceesssseess iinnvvoollvveedd mmoodduullee wwiissee
Table 4-2 shows the processes that are involved in this subcontract workshop:
TTaabbllee 44--22 PPrroocceesssseess IInnvvoollvveedd
MODULE I MODULE II
a)
Shaping d)
Surface Grinding (Precision)Milling e) Die making
Turning f) Stamping
Drilling g) Cylindrical Grinding (Precision)
Riveting
b) Welding
Rough Grinding
c) Painting
Drying
55 KKEEYY SSUUCCCCEESSSS FFAACCTTOORRSS
1. The commercial viability of this venture depends upon the availability of skilled
labour having knowledge about engineering. The entrepreneur should have a
good knowledge of the field.2. The required standards have to be followed strictly.
3. Ensuring quality check at different stages of production.
4. Cost cutting methods and correct raw material has to be employed.5. To establish a brand name, aggressive marketing efforts such as regular sale
calls, are required. High volume orders will be the key to survival.
66
SSWWOOTT AANNAALLYYSSIISS
66..11 SSttrreennggtthhss
1. Availability of low cost human resource2. Easy availability of machinery
3. Large number of contacts in the industry.
9
4. High growth and demand in the market
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5. Entrepreneurs previous workshop experience and engineering background
66..22 WWeeaakknneesssseess
1. Time required to build up a reputation in the market
2. Longer payback period
3.
Delays in delivery time of orders4. Lack of skilled manpower for modern machinery
5. High cost of utilities
6. Use of traditional manufacturing practices & absence of automation7. Non-availability of quality raw materials
8. Non-availability of technical consultants & skilled workforce
9. No quality control systems10. Safety issues for workers
66..33 OOppppoorrttuunniittiieess
1. Potential for high market growth
2.
Expansion into a number of different industries3. Long term relationship and contracts with firms
4. Increase in capacity by purchase of additional machinery and hiring additionalstaff.
66..44 TThhrreeaattss
1. Increasing cost of raw material
2. Increase in duty on raw material import.
3. Entrepreneur with non-engineering background, due to which engineeringquality standards are not adhered to.
4. Not many orders, once production has started.
5.
Delays in getting utility connections6. Delays in receiving tools and dies
7. Untrained labour left unsupervised and not trained by the entrepreneur.8. Undue interventions from the Government agencies
77 IINNDDUUSSTTRRYY && MMAARRKKEETT AANNAALLYYSSIISS
The subcontracting business is operating as a small scale, informal sector inPakistan. Most small workshop clusters are found near industrial areas of the
country, such as Lahore, Faisalabad, Karachi and Gujranwala. No proper data or
statistics are available on the industry structure or market of these workshops.
88
RRAAWW MMAATTEERRIIAALL
88..11 RRaaww MMaatteerriiaall RReeqquuiirreemmeenntt
The pre-feasibility assumes to be using 3 types of steel as raw material. The jobs are
defined by the type of raw material used in the job, as given in the table below. It is
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assumed that 1 kg of raw material is being utilized per job. The raw material detail is
given in Table 8-1.
TTaabbllee 88--11 RRaaww MMaatteerriiaall RReeqquuiirreemmeenntt
Job Type DescriptionPrice/Unit
(Rs.)
Job A Steel die, Tool steel 400 / kg
Job B Heat treatable steel SAI 1045, 1040 100 / kg
Job C Flat Steel Bar, Round Steel bar, ½ Round Steel BarSteel Sheet, Cast Iron, Hexagon Steel Bar, Steel Strip
80 / kg
99
MMAACCHHIINNEERRYY DDEETTAAIILLSS
Table 9-1 shows the list of machinery and tools that are required for a subcontract
workshop. Table 9-2 give details such as size, accuracy level etc of the machinery
and tools proposed. The machinery is assumed to be acquired in two phases, asshown in the table below. Module-I machinery is purchased at the beginning of the
project and Module-II machinery is purchased in year 4.
TTaabbllee 99--11 LLiisstt oof f MMaacchhiinneerryy,, TToooollss && AAcccceessssoorriieess
Type Brand & ModelTotal Cost
(Rs)
Module-I
Shaper Butler brand size 18 inch 250,000
Tools U.K origin 350,000
Metal Works Table U.K origin 30,000
Tool Racks Local Made 20,000
Lathe Colchester brand 6ft bed height 200,000
Pedestal Grinder China origin 8,000
Drill Machine U.K origin size ¾ inch, Herbert brand 70,000
Welding Unit U.K origin 500 Amp, Lincoln brand 80,000
Disc Grinder Hitachi 4 inch 6,000
Paint Spray Gun U.K origin 40,000
Paint drying Oven Local made 130,000
Module-II
Surface Grinder U.K/U.S origin model 540, Jones &
Shipman brand
150,000
Vertical Milling Machine U.K origin, Bridgeport 450,000
Power Press 25 tons local made 150,000
Cylindrical Grinder U.K/U.S origin, Jones & Shipman 200,000
Total Machinery Cost 2,134,000
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Generator – 70 KVA 1,225,000
Total Cost 3,359,000
TTaabbllee 99--22 MMaacchhiinneerryy aanndd ttoooollss ddeettaaiillss
Type Details
Module-I
Metal Works Table Length: 6 feet, Width: 4 feet
Tool Racks Height: 8 feet, Width: 3 feet, Length: 6 feet.
3 shelves, 2 feet each. 16 SWG sheet used.
Drill Machine Pedestal Type
Paint drying Oven Size: 8 x 8 feet. With roof, non-walkable, fixed.
With 20 SWG sheet used outside and 16 SWGsheet used inside.
Module-II
Surface Grinder Length: 1.5 feet, Width: 1 foot. With wooden
foundation. Accuracy level: ± 100 - 200
micrometer.
Vertical Milling Machine Used in dust-free environment. Accuracy level:
± 0.2 - 0.3 millimetre
1100 OOFFFFIICCEE EEQQUUIIPPMMEENNTT
Following tables present the office equipment and furniture/fixtures requirement fora subcontract workshop:
TTaabbllee 1100--11 OOf f f f iiccee EEqquuiippmmeenntt
Items Qty Cost/Unit (Rs.) Total Cost (Rs.)
Computers 1 25,000 25,000
Printers 1 20,000 20,000
UPS 1 7,500 7,500
Telephone Sets 2 1,000 2,000
Total Cost 54,500
TTaabbllee 1100--22 FFuurrnniittuurree
Items Qty Cost/Unit (Rs.) Total Cost (Rs.)
Tables 2 8,000 16,000Chairs 5 3,000 15,000
Shelves 3 10,000 30,000
Stools 7 800 5,600
Work Tables 2 5,000 10,000
Misc. 1 15,000 15,000
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13
Total Cost 91,600
1111 VVEEHHIICCLLEESS
The vehicle taken for the project is a motorbike, which will be used by the owner to
make sales call and promote the workshop.
TTaabbllee 1111--11 OOf f f f iiccee VVeehhiicclleess
Vehicle type Number Cost/Unit (Rs.) Total Cost (Rs.)
Metro Motorbike 1 44,000 44,000
Registration fee 6% 2,640
Total Cost 46,640
1122
MMAANNPPOOWWEERR RREEQQUUIIRREEMMEENNTTSS
1122..11
NNuummbbeerr oof f PPeeooppllee RReeqquuiirreedd Manpower listed below is proposed for the operation, additional workers are hired in
year 4 and year 8 with the purchase of additional machinery.
TTaabbllee 1122--11 MMaannppoowweerr RReeqquuiirreemmeenntt
Manpower Required Number Salary/month (Rs.) Annual Salary (Rs.)
Module-I
Owner 1 35,000 420,000
Accountant 1 12,000 144,000
Welder 1 22,000 264,000Lathe operator 1 18,000 216,000
Worker 1 12,000 144,000
Helper 1 7,000 84,000
Module-II
Worker 2 12,000 288,000
Total Salary 8 1,560,000
1133 LLAANNDD && BBUUIILLDDIINNGG
1133..11
LLaanndd aanndd BBuuiillddiinngg RReeqquuiirreemmeenntt
An already built showroom can be rented for the proposed business in anycommercial area or it can be purchased based on the judgment of the entrepreneur. It
is however recommended to rent the shop. The rent in this pre-feasibility is taken to
be about Rs. 10,000/- per month. The total area requirement for this proposed project
is assumed to be of approximately 2,250 sq. feet (0.5 kanal).
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TTaabbllee 1133--11 SSppaaccee RReeqquuiirreemmeenntt
Space Required. (Sq. ft)
Management office 400
Production area 900
Open area 950Total Infrastructure Cost 2250
1133..22 SSuuiittaabbllee LLooccaattiioonn
The land should ideally be located outside municipal and cantonment limits,
preferably in a small industrial estate. Other options could be a small town off major
highway, or a low-income residential area. In Lahore most subcontract workshopsare located in Darogawala, Sheikhupura Road, Ravi Bridge.
1133..33 IInnf f rraassttrruuccttuurree RReeqquuiirreemmeenntt
•
Road access• Electricity
• Telephone, fax
1144
PPRROOJJEECCTT EECCOONNOOMMIICCSS
The total project cost for setting up the unit is Rs. 3.551 million. The capital cost
incurred is Rs. 3.032 million and the working capital is Rs. 0.519 million. The totalcost, project returns and financial plan are given in the tables below:
TTaabbllee 1144--11 TToottaall PPrroo j jeecctt CCoosstt
Account Head Total Cost (Rs)
Total Capital Cost 3,032,146
Total Working Capital 519,691
Total Project Cost (Rs) 3,551,837
TTaabbllee 1144--22 PPrroo j jeecctt RReettuurrnnss
Project
IRR 24%
NPV (Rs) 862,954
Payback Period (Years) 4.94
TTaabbllee 1144--33 FFiinnaanncciinngg PPllaann
Financing Ratio Rs.
Equity 50% 1,775,918
Debt 50% 1,775,918
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Capital Investment Rs. in actuals
Land -
Building/Infrastructure -
Machinery & equipment 2,409,000
Furniture & fixtures 91,600
Office vehicles 46,640
Office equipment 54,500
Pre-operating costs 380,406
Training costs 50,000
Total Capital Costs 3,032,146
Working Capital Rs. in actualsEquipment spare part inventory 6,023
Raw material inventory 20,886
Upfront building rent 120,000
Upfront insurance payment 122,782
Cash 250,000
Total Working Capital 519,691
Total Investment 3,551,837
Initial Financing Rs. in actuals
Debt 1,775,918
Equity 1,775,918
Initial Investment
Payback Period (Yrs) 4.95 4.94
50%
50%
Net Present Value (Rs.) 548,719 862,954
Internal Rate of Return 31% 24%
Project Returns
EQUITY PROJECT
1155 FFIINNAANNCCIIAALL AANNAALLYYSSIISS
1155..11 PPrroo j jeecctt CCoosstt
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22
Years Years
Capacity
Utilization
Expenses per
year
Yearly
production
Cost
price/per job
(type A job)
Cost
price/per job
(type B job)
Cost price/per
job (type C
job)
Capacity
Utilization
Expenses per
year
Yearly
production
Sel
price/p
(type
50
25
Year 1 25% 2,449,732 708 3,860 3,560 3,540 Year 1 25% 2,449,732 708
Year 2 40% 2,793,627 1,152 2,845 2,530 2,509 Year 2 40% 2,793,627 1,152
Year 3 50% 3,165,286 1,440 2,639 2,308 2,286 Year 3 50% 3,165,286 1,440
Year 4 60% 3,995,032 1,728 2,775 2,428 2,405 Year 4 60% 3,995,032 1,728
Year 5 70% 4,718,022 2,016 2,826 2,462 2,438 Year 5 70% 4,718,022 2,016
Year 6 80% 5,272,279 2,304 2,799 2,416 2,390 Year 6 80% 5,272,279 2,304
Year 7 90% 5,961,981 2,592 2,836 2,434 2,407 Year 7 90% 5,961,981 2,592
Year 8 100% 6,762,325 2,880 2,911 2,489 2,461 Year 8 100% 6,762,325 2,880
Year 9 100% 7,364,468 2,880 3,148 2,705 2,675 Year 9 100% 7,364,468 2,880
Year 10 100% 8,027,844 2,880 3,408 2,943 2,912 Year 10 100% 8,027,844 2,880
Year 1 profit margin
COST PRICE PER JOB SELLING PRICE P
Profit Margin
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1166 KKEEYY AASSSSUUMMPPTTIIOONNSS
TTaabbllee 1166--11 OOppeerraattiioonnaall AAssssuummppttiioonnss
Maximum number of job orders (Annually) 2,880
Number of job orders – Year 1 (Annually) 708
Hours operational per day 8
Days operational per year 300
TTaabbllee 1166--22 EEccoonnoommyy--RReellaatteedd AAssssuummppttiioonnss
Electricity price growth rate 10%
Diesel price growth rate 10%
Wage growth rate 10%
TTaabbllee 1166--33 CCaasshh FFllooww AAssssuummppttiioonnss Accounts Receivable cycle (in days) 15
Accounts payable cycle (in days) 15
Raw material inventory (in days) 90
Equipment spare part inventory (in days) 90
TTaabbllee 1166--44 RReevveennuuee AAssssuummppttiioonnss11
Maximum number of job orders (Annually) 2,880
Number of job orders – Year 1 (Annually) 708
Job Type Profit Margin
Year 1 Year 2 - 10
Job A 25% 50%
Job B 15% 25%
Job C 10% 15%
TTaabbllee 1166--55 EExxppeennssee AAssssuummppttiioonnss
Cost of raw material Rs/kg
Steel die, Tool steel 400/kg
Heat treatable steel SAI 1045, 1040 100/kg
Flat Steel Bar, Round Steel bar, ½ Round Steel BarSteel Sheet, Cast Iron, Hexagon Steel Bar, Steel Strip
80/kg
Raw material cost growth rate 5%
Electricity utilization in hours/day 5
23
1 Revenue is calculated by applying a profit margin on raw material cost and other expenses
incurred.
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Generator diesel utilization in hours/day 3
Machinery maintenance (% of machinery cost) 1%
Machinery maintenance growth rate 10%
Office expenses (% of administration expense) 15%
Promotional sales call expense (% of revenue)
Year 1 - 2 1%
Year 3 - 6 0.5%
Year 7 - 10 0.3%
Communication expense ( % of administration expense) 5%
Equipment and machinery insurance 5%
Office vehicles insurance rate 5%
Bad debt expense 0.5%
TTaabbllee 1166--66 FFiinnaanncciiaall AAssssuummppttiioonnss
Project life (Years) 10
Debt 50%
Equity 50%
Interest rate on long-term debt 17%
Interest rate on short-term debt 16%
Debt tenure (Years) 5
Debt payments per year 2
TTaabbllee 1166--77 DDeepprreecciiaattiioonn RRaattee AAssssuummppttiioonnss
Machinery and Equipment 10%Office Equipment 10%
Furniture & Fixtures 10%
Vehicles 10%
1177 AANNNNEEXXUURREE
1177..11 MMaacchhiinneerryy SSuupppplliieerrss
Company Name: Zubair Engineering.
Address: P.O.Box 515, G.T. Road, Climaxabad, Lohynawala
City: GujranwalaTel: 055-3894792, 3021141Fax: 055-3894793
Email: [email protected]
Company Name: International Machinery
Address: 8 Libya Colony Road, Salamatpura stop, GT Road,
Daroghawala
PREF-10/June, 2011/ Rev 2
8/18/2019 Subcontract Workshop
25/25
Pre-Feasibility Study Subcontract Workshop Facility
25
City: Lahore
Tel: 042-36554499
Company Name: Friends Machinery Store.
Address: Near Telephone Exchange, Bahata Machine wala, GT Road,
Daroghawala
City: Lahore.Tel: 042-36531029, 36540929
Company Name: Universal Machinery Store.
Address: 313-D 4, Pakistan Last Mint. GT Road
City: Lahore.Tel: 042-36541811
Company Name: Shahid Machinery Store.Address: Salamatpura, GT Road, Daroghawala
City: Lahore.
Tel: 042-36166715
1177..22
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Income Slabs Tax Rate
0.00%
100,000 – 110,000 0.50%
110,000 – 125,000 1.00%
125,000 – 150,000 2.00%
150,000 – 175,000 3.00%
175,000 – 200,000 4.00%
200,000 – 300,000 5.00%
300,000 – 400,000 7.50%400,000 – 500,000 10.00%
500,000 – 600,000 12.50%
600,000 – 800,000 15.00%
800,000 – 1,000,000 17.50%
1,000,000 – 1,300,000 21.00%
1,300,000 and above 25.00%