THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
( set up by an Act of Parliament )
PROJECT REPORT
Manufacturing of Solar Panels
Legal Name: “SUNbyte Private Limited”
Prepared and Presented by Our Team
(Team – 2)
Name Registration No.
Shweta Kumari (Team Leader) CRO0712508
Neha Kumari CRO0693129
Abhinav Bhardwaz CRO0586132
Suryansh Mittal CRO0780567
Kajal Kumari CRO0720068
Our Mentor
CA BINAY BHARTI SIR
We extend our sincere gratitude to our respected mentor for
providing us with the opportunity to present. Your guidance, support,
and trust have been instrumental in our preparation and performance.
This opportunity has enhanced our learning and professional growth.
We are truly thankful for your invaluable mentorship.
Thank you for being our mentor.
Project Index
01 Introduction 01 - 09
02 Market Survey 10 - 15
03 Business Model 16 - 22
04 Financial Forecasting and Ratio Analysis 23 -33
05 SWOT Analysis 34 - 37
06 Social Roles and Values 38
07 Conclusion 39 - 40
INTRODUCTION
SUNbyte Private Limited
Powering the Future
with Solar
Presented by SUNbyte Pvt Ltd, an
innovative solar panel manufacturing
SUNbyte Private Limited
startup. We're here to illuminate the path
to a sustainable future.
VISION MISSION
To stand out as the most innovative To change energy use patterns
and
reliable solar energy provider through advanced solar panel
(Globally). technology, professional service
Reshaping energy sector by making and complete support.
solar power the primary electricity
source for homes and businesses.
Promoters of SUNbyte
Miss Shweta Kumari Miss Neha Kumari Mr. Abhinav Bhardwaz Mr. Suryansh Mittal Miss Kajal Kumari
CA, CS , MBA in CA , CMA , MBA in CA, CMA, CFA CA , CS , CFO, CA, CS, MBA in
Finance Finance Entrepreneur Entrepreneur Accounting
MARKET
SURVEY
Solar Panel Manufacturing
in Muzaffarpur, Bihar
This presentation explores the compelling
opportunity for solar panel manufacturing in
Muzaffarpur, Bihar. This initiative aligns
with India's ambitious renewable energy
goals. Bihar's growing energy needs and
strategic location make it ideal for this
venture.
Why Muzaffarpur? Strategic Advantages
Prime Location Vast Labor Pool
Situated in North Bihar, near Nepal and Eastern UP Access to a significant workforce, with ~5 million
markets, for strategic reach. people in the district.
Industrial Area Strong Connectivity
Existing Bela Industrial Area offers readily Excellent road and rail networks (NH-28, NH-77)
available land for manufacturing. ensure smooth logistics.
Bihar's Renewable Energy
Vision & Context
Ambitious State Goals
Bihar targets 4.2 GW renewable energy capacity by 2030.
High Solar Potential
The region averages 3-5 kWh/m²/day of solar insolation.
Supportive Policy
The Bihar Energy Policy 2017 actively promotes solar adoption.
Current Capacity
Bihar currently boasts over 200 MW of solar capacity.
Challenges in the Market
1 Grid Constraints 2 Lack of awareness & 3 Lack of maintenance &
Complex system aftercare
Bihar’s aged electricity Many households are unaware Off grid solar pumps often fail
infrastructure struggles with of rooftop solar scheme and after storms and remain
integration of intermittent lack clarity on installation unrepaired despite post
solar power, leading to grid procedure. installation service.
instability and weak
evacuation capacity.
Growth of Solar Industries over the Time in India
Domestic market potential of INR > 35,000 Crores, p.a.
BUSINESS MODEL
Our Business Model:
Powering Progress
Our integrated business model spans
manufacturing, sales, and installation. We focus on
vertical integration for efficiency.
Manufacturing
Advanced production of high-quality panels.
Distribution
Strategic partnerships for wider reach.
Sales & Service
Customer-centric approach and after-sales support.
Our Business Model: Sustainable
Growth
Our model encompasses manufacturing, distribution, and
installation. We focus on high-efficiency solar panels. This
ensures superior performance and durability. We aim for
competitive pricing and exceptional customer service.
Integrated Operations: From raw material to final installation.
Quality Assurance: Rigorous testing ensures product excellence.
Customer-Centric: Tailored solutions and strong support.
Innovation: Continuous R&D for advanced solar technology.
COMPLIANCE CERTIFICATE
SUNbyte Private Limited
SUNbyte Private Limited Muzaffarpur, Bihar
Muzaffarpur, Bihar SUNbyte Private Limited
Muzaffarpur, Bihar
SUNbyte Private Limited
Muzaffarpur, Bihar
SUNbyte Private Limited
FINANCIAL
FORECASTING AND
RATIO ANALYSIS
TOTAL COST OF PROJECT
AMT. IN CRORES
ESTIMATED COST 45
Means of Finance
Equity 15
Bank loan 30
COST BIFURCATION
PARTICULARS AMOUNT
LAND 4.8
BUILDING 7
MACHINERY 18
RAW MATERIAL 10
EMPLOYEE COST(For 1 Year) 1.2
KNOWHOW 4
TOTAL 45
PROJECTED PROFIT AND LOSS
AMT. IN CRORES
PARTICULARS YEAR 1 YEAR 2 YEAR 3
INCOME
Revenue From Operation 26 31.20 37.44
Other Income 0 0 0
Total Revenue(A) 26 31.20 37.44
EXPENSE
Cost of Material Consumed 10 12 14.40
Employee Benefit Expense 1.20 1.32 1.45
Finance Cost 3 2.57 2.11
Depreciation & Amortization 4.75 3.94 3.27
Other Expenses 2.40 2.64 2.90
Total Expenses(B) 21.35 22.47 24.13
Profit Before Tax(A-B) 4.65 8.73 13.31
Tax @ 25% 1.16 2.18 3.33
Profit After Tax 3.49 6.55 9.98
PROJECTED BALANCE SHEET
PARTICULARS YEAR 1 YEAR 2 YEAR 3
(A)EUQITY & LIABILITIES
1. Shareholder’s Fund
a. Share Capital 15 15 15
b. Reserve & Surplus 3.49 10.04 20.02
2. Non Current Liabilies
a. Long Term Borrowings 25.71 21.42 17.13
3. Current Liabilities
a. Trade Payables 6 6 6
b. Other Current Liabilities 3 3 3
TOTAL LIABILITIES 53.20 55.46 61.15
PARTICULARS YEAR 1 YEAR 2 YEAR 3
(B)ASSETS
1. NON CURRENT ASSET
a. PPE
i. Land 4.8 4.8 4.8
ii. Machinery 15.30 13 11.05
iii. Building 5.95 5.06 4.30
b. Intangible Asset
i. Knowhow 3 2.25 1.69
2. CURRENT ASSET
a. Inventories 9 9 9
b. Trade Receivables 15 15 15
c. Cash & Cash Equivalent 0.15 6.35 15.31
TOTAL ASSETS 53.2 55.46 61.15
PROJECTED CASH FLOW STATEMENT
CASH FLOW FROM OPERATING ACTIVITIES
PARTICULARS YEAR 1 YEAR 2 YEAR 3
(A) CASH FLOW FROM OPERATING ACTIVITIES
Net Profit Before Tax 4.65 8.73 13.31
(+) Depreciation & Amortization 4.75 3.94 3.27
(+) Finance Cost 3 2.57 2.11
OPERATING PROFIT BEFORE WORKING CAPITAL 12.40 15.24 18.69
CHANGES
(-) Tax Paid (1.16) (2.18) (3.33)
NET CASH FROM OPERATING ACTIVITIES (A) 11.24 13.06 15.36
CASH FLOW FROM INVESTING & FINANCING ACTIVITIES
PARTICULARS YEAR 1 YEAR 2 YEAR 3
(B) CASH FLOW FROM INVESTING ACTIVITIES
Purchase Of Fixed Asset (33.80) 0 0
NET CASH USED IN INVESTING ACTIVITIES(B) (33.80) 0 0
(C) Cash Flow From Financing Activities
Proceeds From Long Term Borrowings 30 0 0
(+) Proceeds From Shareholders 15 0 0
(-) Repayment Of Long Term Borrowing (4.29) (4.29) (4.29)
(-) Finance Cost Paid (3) (2.57) (2.11)
NET CASH FROM FINANCING ACTIVITIES (C) 37.71 (6.86) (6.40)
NET CASH MOVEMENT
PARTICULARS YEAR 1 YEAR 2 YEAR 3
Net Increase/Decrease In Cash (A+B+C) 15.15 6.20 8.96
(+) Opening Balance Of Cash & Cash Equivalent 0 15.15 21.35
CLOSING BALANCE OF CASH & CASH EQUIVALENT 15.15 21.35 30.31
RATIO ANALYSIS
PARTICULAR YEAR 1 YEAR 2 YEAR 3
Current Ratio 1.9 2.3 2.89
Intrest Coverage Ratio 2.55 4.39 7.3
Debt Equity Ratio 1.39 0.86 0.49
Capital Turnover Ratio 0.58 0.67 0.717
Asset Turnover Ratio 0.43 0.56 0.54
Return On Equity 21.58% 26.15% 28.50%
Return On Capital Employed 0.12 0.18 0.22
DSCR 0.74 1.198 1.459
Return on Asset 0.09 0.15 0.16
Net Profit Ratio 15.35% 20.99% 26.66%
COST OF CAPITAL
WACC YEAR 1 YEAR 2 YEAR 3
Equity 4.08 3.88 3.46
Debt 4.37 3.46 2.46
Reserve & Surplus 0.95 2.6 4.6
WEIGHTS
Equity 0.33936 0.3229 0.2876
Debt 0.5817 0.4610 0.3296
Reserve & Surplus 0.0790 0.2161 0.3839
WACC 8.55 9.94 10.52
REPAYMENT SCHEDULE
AMT. IN CRORES
YEAR OPENING BALANCE REPAYMENT INTREST @10% TOTAL
1 30 4.29 3 7.29
2 25.71 4.29 2.57 6.86
3 21.42 4.29 2.11 6.40
4 17.13 4.29 1.71 6
5 12.84 4.29 1.28 5.57
6 8.55 4.29 0.86 5.15
7 4.26 4.29 0.43 4.69
SWOT ANALYSIS
STRENGHTH OPPORTUNITIES
Untapped Rural market
High demand for solar energy
Solar water pumps in demand
Government support (subsidy)
Export possibility
Local labor and logistics advantage
Product linked incentives up to
Favorable Solar potential
24,000 crore available
Less local competition
Job creation potential
PLI and duty protection
WEAKNESS THREATS
High initial capital expenditure Price fluctuation of raw materials
A scared workforce scarcity Subsidy delay or policy reversal
Ltd R&D and IP ownership Tech disruption
Reliance on imported raw materials Power/electricity reliability
Slow policy execution at ground level Market entry of big players
COMPETITOR ANALYSIS
Local And Regional National Level Competitors
Competitors In Bihar (Manufacturing Dominators)
• Waaree Energies India’s largest with 12
• Ortec industries Patna(Established in
GW module capacity
2009)
• Adani solar: vertically integrated, 4 GW
• Arunoday Energy system( Focused on
cell
module manufacturing)
• Vikram Solar: 3.5 GW module capacity
• Narayan solar/ Rudra solar
Social Roles, Values, and
Conclusion
SUNbyte Pvt Ltd is committed to social responsibility. We
prioritize environmental sustainability and community
engagement. Our values drive ethical business practices. We
envision a world powered by clean energy.
Conclusion and Future Prospects
2. Export Opportunity
2 Target SAARC nations and Africa for
low-cost module exports. Apply for
1. Product Diversification EXIM Bank support and tap into
Launch advanced products like bifacial
India’s "Solar Diplomacy" initiatives.
modules, solar tiles, and hybrid battery
solutions. Create smart energy solutions 1
for off-grid villages and schools.
3 3. Franchise and Dealer Model
Expand with local dealership
franchises across Bihar. Empower
youth and SHGs with solar sales &
service entrepreneurship.
Thank You