PROJECT REPORT

OF

E-AUTORICKSHAW
1. INTRODUCTION
Electric rickshaws (also known as Tuk Tuk, e-rickshaw) have been becoming more
popular in India since 2008 as an alternative to auto rickshaws and pulled rickshaw
because of their low fuel cost, and less human effort compared to pulled rickshaws.
They are being widely accepted as an alternative to Petrol/Diesel/CNG auto
rickshaws. They are 3 wheels pulled by an electric motor ranging from 650- 1400
Watts.
Battery-run rickshaws could be a low-emitter complementary transport for the low-
income people, who suffer most from a lack of transport facility, if introduced in a
systematic manner according to experts.
E-Rickshaw is the most convenient and safe mode of local transportation of two or
four passengers. E-rickshaw are commonly available in India and other parts under
developed & developing countries for hiring on small rentals for limited time. Apart
from E-Rickshaw, company will also make E-Rickshaw which can carry weight up
to 300 kgs.
2. MARKET POTENTIAL
The scope of Autorickshaw reminds us especially for commuting between village
and town. Today the vehicle is easily available and there are three popular
manufacturers with their own models.

3. TECHNICAL DETAILS
(a) Operations
The vehicle will be plied from one point to another in big cities and towns
carrying passengers and may be goods if deemed necessary. The vehicle can
even ply on point-to point basis between one town/village and another
town/village. Certain special occasions like melas (fairs), processions etc. will
be opportunities when extra income can be earned normally.

(b) Running Target 100 kms/day

(c) Details of vehicle

S.N. Particulars Qty Value (Rs.)

1 EWA E-Rickshaw 1 1,78,400/-
2 Insurance, Registration No. - 6,600/-
plates etc.
TOTAL 1,85,000/-

(d) Means of Finance

S.N. Particulars Amount (Rs.) % age

1 Down Payament 40,000/- 21.62%
2 Term Loan 1,45,000/- 78.37%
TOTAL 1,85,000/- 100%
 PROJECTED BALANCE SHEET

Particulars Ist YEAR IInd YEAR IIIrd YEAR IVth YEAR Vth YEAR
Liablities
Promoter's Fund
Opening Capital 50,000.00 219,010.00 361,837.00 503,009.00 642,502.00
Addition 40,000.00 - - - -
Net Profit 209,010.00 262,827.00 301,172.00 339,493.00 382,729.00
Drawing 80,000.00 120,000.00 160,000.00 200,000.00 240,000.00
(a) 219,010.00 361,837.00 503,009.00 642,502.00 785,231.00
Secured Loan
Term Loan 122,682.00 97,433.00 68,872.00 36,556.00 -
Cash Credit 5,550.00 4,625.00 3,700.00 3,237.50 2,775.00
Current Liablities
Other payable 5,000.00 6,000.00 7,000.00 8,000.00 9,000.00
Total 346,692.00 465,270.00 578,881.00 687,058.00 794,231.00
ASSETS
Fixed Assets
Opening Capital - 165,750.00 140,887.00 119,754.00 101,791.00
Addition during the year 185,000.00 - - - -
Total 195,000.00 165,750.00 140,887.00 119,754.00 101,791.00
Less: Depreciation 29,250.00 24,863.00 21,133.00 17,963.00 15,269.00
Closing Balance (e ) 165,750.00 140,887.00 119,754.00 101,791.00 86,522.00
Current Assets
Investment (g) 75,000.00 150,000.00 200,000.00 350,000.00 500,000.00
Cash & Bank Balance (h) 105,942.00 174,383.00 259,127.00 235,267.00 207,709.00
Total 346,692.00 465,270.00 578,881.00 687,058.00 794,231.00

PROPRITER
 Projected Profit & Loss Account For Five Years
Particulars Ist YEAR IInd YEAR IIIrd YEAR IVth YEAR Vth YEAR
Gross Receipts from Services 300,000.00 360,000.00 400,000.00 440,000.00 486,000.00
EXPENDITURES
Electricity Charges 15,000.00 18,000.00 22,000.00 26,000.00 30,000.00
Repair & Maintaince Expenses 10,000.00 12,000.00 14,000.00 16,000.00 18,000.00
Insurance Charges - 4,500.00 4,200.00 3,800.00 3,500.00
Other Indirect Expense 20,000.00 24,000.00 27,000.00 30,000.00 34,000.00
PBDIT 255,000.00 301,500.00 332,800.00 364,200.00 400,500.00
Bank Interest 16,740.00 13,810.00 10,495.00 6,744.00 2,502.00
PBDT 238,260.00 287,690.00 322,305.00 357,456.00 397,998.00
Depreciation 29,250.00 24,863.00 21,133.00 17,963.00 15,269.00
Net Profit 209,010.00 262,827.00 301,172.00 339,493.00 382,729.00

PROPRITER
 REPAYMENT SCHEDULE OF TERM LOAN

Loan Amount 145,000.00 Interest Amount 12.40%

No. of Installment 60

Month Opening Interest EMI Balance Principal

1 145,000.00 1,498.33 3,254.83 143,243.50 1,756.50

2 143,243.50 1,480.18 3,254.83 141,468.85 1,774.65

3 141,468.85 1,461.84 3,254.83 139,675.87 1,792.99

4 139,675.87 1,443.32 3,254.83 137,864.36 1,811.51

5 137,864.36 1,424.60 3,254.83 136,034.12 1,830.23

6 136,034.12 1,405.69 3,254.83 134,184.98 1,849.14

7 134,184.98 1,386.58 3,254.83 132,316.73 1,868.25

8 132,316.73 1,367.27 3,254.83 130,429.17 1,887.56

9 130,429.17 1,347.77 3,254.83 128,522.11 1,907.06

10 128,522.11 1,328.06 3,254.83 126,595.34 1,926.77

11 126,595.34 1,308.15 3,254.83 124,648.66 1,946.68

12 124,648.66 1,288.04 3,254.83 122,681.86 1,966.79

13 122,681.86 1,267.71 3,254.83 120,694.74 1,987.12

14 120,694.74 1,247.18 3,254.83 118,687.09 2,007.65

15 118,687.09 1,226.43 3,254.83 116,658.70 2,028.40

16 116,658.70 1,205.47 3,254.83 114,609.34 2,049.36

17 114,609.34 1,184.30 3,254.83 112,538.80 2,070.53

18 112,538.80 1,162.90 3,254.83 110,446.87 2,091.93

19 110,446.87 1,141.28 3,254.83 108,333.33 2,113.55

20 108,333.33 1,119.44 3,254.83 106,197.94 2,135.39

21 106,197.94 1,097.38 3,254.83 104,040.49 2,157.45

22 104,040.49 1,075.09 3,254.83 101,860.74 2,179.75

23 101,860.74 1,052.56 3,254.83 99,658.47 2,202.27

24 99,658.47 1,029.80 3,254.83 97,433.45 2,225.03

25 97,433.45 1,006.81 3,254.83 95,185.43 2,248.02

26 95,185.43 983.58 3,254.83 92,914.18 2,271.25

27 92,914.18 960.11 3,254.83 90,619.46 2,294.72

28 90,619.46 936.40 3,254.83 88,301.03 2,318.43

29 88,301.03 912.44 3,254.83 85,958.65 2,342.39

30 85,958.65 888.24 3,254.83 83,592.06 2,366.59

31 83,592.06 863.78 3,254.83 81,201.01 2,391.05

32 81,201.01 839.08 3,254.83 78,785.26 2,415.75

33 78,785.26 814.11 3,254.83 76,344.54 2,440.72

34 76,344.54 788.89 3,254.83 73,878.60 2,465.94

35 73,878.60 763.41 3,254.83 71,387.18 2,491.42

36 71,387.18 737.67 3,254.83 68,870.02 2,517.16

37 68,870.02 711.66 3,254.83 66,326.85 2,543.17

38 66,326.85 685.38 3,254.83 63,757.39 2,569.45

39 63,757.39 658.83 3,254.83 61,161.39 2,596.00

40 61,161.39 632.00 3,254.83 58,538.56 2,622.83

41 58,538.56 604.90 3,254.83 55,888.63 2,649.93

42 55,888.63 577.52 3,254.83 53,211.31 2,677.31

43 53,211.31 549.85 3,254.83 50,506.33 2,704.98

44 50,506.33 521.90 3,254.83 47,773.40 2,732.93

45 47,773.40 493.66 3,254.83 45,012.23 2,761.17

46 45,012.23 465.13 3,254.83 42,222.52 2,789.70

47 42,222.52 436.30 3,254.83 39,403.99 2,818.53

48 39,403.99 407.17 3,254.83 36,556.34 2,847.66

49 36,556.34 377.75 3,254.83 33,679.25 2,877.08

50 33,679.25 348.02 3,254.83 30,772.44 2,906.81

51 30,772.44 317.98 3,254.83 27,835.59 2,936.85

52 27,835.59 287.63 3,254.83 24,868.40 2,967.20

53 24,868.40 256.97 3,254.83 21,870.54 2,997.86

54 21,870.54 226.00 3,254.83 18,841.71 3,028.84

55 18,841.71 194.70 3,254.83 15,781.57 3,060.13

56 15,781.57 163.08 3,254.83 12,689.82 3,091.75

57 12,689.82 131.13 3,254.83 9,566.11 3,123.70

58 9,566.11 98.85 3,254.83 6,410.13 3,155.98

59 6,410.13 66.24 3,254.83 3,221.54 3,188.59

60 3,221.54 33.29 3,254.83 (0.00) 3,221.54