Cricket Ball

APRODUCT PROJECT REPORT

ON

-: PERPARED BY: -Rahul Vachhani

COLLEGE

CHRIST COLLEGE

ACADEMIC YEAR2006 – 07

CLASST.Y.B.B.A.

ROLL NO.45

SEAT NO.

- : SUBMITTED TO: -Saurashtra University

-: GUIDED BY:-Dr. Swati Doshi

Declaration

I have undersigned Mr. Rahul Vachhani a

student of T.Y.B.B.A. hereby declare that the

project report is my own work and has been carried

out under the supervision on guidance of Dr. Swati

Doshi , CHRIST COLLEGE Rajkot.

This work has not been previously submitted to

any other university for any other examination.

Date :

Place : Rajkot

Signature

[Rahul Vachhani]

Preface

Small Scale Industry is the pillar of

industrialised Indian economy. In India, the S.S.I.

provides more than five times employement than the

Large Scale Industry. More over, in a short time

preiod, S.S.I. I have made a notable contribution in

the adoption of modern techniques.

It is very good opportunity for me to submit this

report for S.S.I. under the prescribed syllabus of

Saurashtra University, Rajkot. The object of this

report is to develop enterpreneur skills and

awareness. For this purpose the product of leather

balls for cricket and hockey. This project provided me

with the knowledge of various aspects of launching a

new product in this era. I have tried my level best to

make this report most precise, relavant and in

systematic manner.

aucknowlegement

Time has no passage to mark its existance but

we have language to express. No doubt that the

word ‘Thanks’ is very small to express my hearly

feelings.

I sincerely express my gratitude and warm

regards to our Dr. Swati Doshi for her valuable

suggestion and guidance during my work. I am also

thankful to our Principal Mr. Father Joseph of

CHRIST COLLEGE

Last but not least, I am indeed thankful to my

parents for their moral support, encouragement and

involvement in my mission and other friends for their

help and co-operation.

Rahul Vachhani

index

SR. NO. NAME OF THE TOPIC

1 Introduction...............................................................................

2 Project at a glance.....................................................................

3 Implimentation schedule

4 Partner’s Background................................................................

5 Justification of Location.............................................................

6 Basis and Presumption..............................................................

7 Product Details..........................................................................

8 Details of Raw material.............................................................

9 Use of application of product.....................................................

10 Market Potential........................................................................

11 Process outline..........................................................................

12 Capacity utilization....................................................................

13 Financial aspects.......................................................................

14 Fixed capital details

15 Raw materials Used...................................................................

16 Working capital details..............................................................

17 Total capital investment

18 Sources of finance.....................................................................

19 Interest on capital

20 Repayment of Loan...................................................................

21 Depreciation..............................................................................

22 Cost of production.....................................................................

23 Sales turnover

24 Fixed cost..................................................................................

25 Profitability analysis

26 BEP Analysis

27 Ratio Analysis

28 Variable cost

29 Projection

30 Cost Sheet

31 Operating Statement

32 Balance Sheet

33 Future plan

introduction

S.S.I. is economic strength of country. This fact is

realized by India after independence. But in recent

years, the S.S.I. of India has undergone rapid

changes and had flourished in India in earlytimes.

S.S.I. provides Raw Material to large scale units and

to be partner of success. The most important role of

S.S.I. in Indian economy is as greater of employment

and equal distribution of income.

ROYAL Balls Ltd. is one of the unit of S.S.I. The

purpose of this unit is to create cricket and hockey

balls from leather. Cricket and Hockey are the two

games which are very popular and played not only in

our country but all over the world. After partition of

the country in 1947, a large number of workers

migrated to India. They subsequently settled down in

Meerut and Jalandhar, where they started

manufacturing cricket and hockey balls.

Project at glance

Name of the unit - Royal Balls Ltd.

Product’s Name - Cricket & Hockey balls

Address of the office - G.I.D.C. Metoda,

Plot No. 6

Form of the unit - Partnership

S.S.I. registration no - Applied for

Location of the unit - ROYAL Entertainment Balls Ltd.

G.I.D.C. Metoda, Plot No. 6,

Rajkot.

Cost of production - 1, 12, 22, 307

Partner’s name - lokesh patel

Samir patel

Neel patlel

Subsidy registration no.- Applied for

BEP - 33.82%

Implementation of schedule

Sr.

No.

Particular Period

1 Collection of data 2 months

2 Preparation of project report 1 month

3 Local formalities 1.5 month

4 Selection of site 1 month

5 Construction of building 3 month

6 Machinery installation 1 month

7 Recruiting personnel 1 month

8 Selection of procurement 1 month

9 Receipt of Raw material 15 days

10 Obtaining power and water

connection and installation of

power facilities

1.5 months

11 Registration of S.S.I. 1 month

Total 24.5

months

Partner’s Background

PARTNER – 1

Name - Lokesh Patel

Age - 23

Address - “Jay Bhim Nagar,

Kalawad Road

Rajkot .

Specialized sub - Research

Present activity - Promoter of the Star

Engineers

Income - 1,00,000

Financial contribution 40%

Responsibility - Research and Development

Experience - Fresh

PARTNER – 2

Name - Samir Patel

Age - 25

Address - “Ambedkar Nagar,

Kalawad Road,

Rajkot.

Qualification - M.B.A.

Specialized subject- Financial management

Present activity - The M.D. of Star Engineers

Income - 50,000

Financial contribution 30%

Responsibility - Production Engineer,

Finance Deptt. & HRM

Experience - 3 years

PARTNER – 3

Name - Neel patel

Age - 22

Address - “Nirmal-Shanti”, 7-Chhotunagar,

Raiya Road, Rajkot.

Qualification - M.B.A.

Specialized subject- Marketing

Present activity - -

Income - -

Financial contribution 30%

Responsibility - Marketing Head, Chairman

Experience - -

Justification of location

Site of selection is an important activity. Because a

good location may reduce the cost of production.

Locating a business involves a large relatively

permanent investment. If the site selection is not

proper, all the money spent on factory building

machinery and their installation will go in waste and

the owner has to suffer a great loss. Therefore, the

site for the factory should be selected very carefully.

According for our purpose industrial proposition at

Metoda, GIDC, Taluka – Rajkot, District – Rajkot,

Gujarat state is selected by us. All infrastructure

facilities available the same place are as follows.

A… TRANSPORTATION

The purposed factory will be at Metoda, Rajkot

well connected by three modes of

transportation, Railway, Roadway & Airway. The

factory site is in proximity with

the Rajkot Railway Junction and Domestic

Airport, the national highway – 8B and the state

highway Ahmedabad-Rajkot-Kandla.

The nearest international city is Mumbai 45

minutes flying time and the nearest major port

is Kandla 200 km. by road. So all kind of

transporting vehicle, truck, train, ship, plane etc

are available not to far from the site and hence

our location in respect of to transport

availability for the product concerned is the

most suitable one.

B… AVAILABILITY OF RAW MATERIAL

Mainly for our product leather is needed and

other raw materials which are in detail given

later in this report. All those raw materials are

available at Ahmedabad, Bombay, Delhi &

Chennai. Most of the raw materials are available

at Ahmedabad, which is hardly 235 km’s away

from our site. As stated earlier, the

transportation agencies services are easily

available at competitive price from Rajkot which

minimizes the cost. So, procurement and

transportation of raw materials is not a problem.

C… MAN POWER

All manufacturing concern small or big always

depends on available man power skilled,

unskilled, semiskilled. We have also given a

thought to this matter and found that ours is an

area cheep labour is easily available in our

project. We had 60% workers labourers type

and 40% skilled type. Two options are available

with as for recruiting the skill employees, first

the Saurashtra University, IIT near Aji Dam and

B.K. Modi near Aji Dam in Rajkot and the

Ahmedabad city which is hardly 235 km’s away

from out site.

D… MARKET

All products manufacturers always think about

market of these product. Our nearest and main

markets are Bombay, Delhi, Ahmedabad, Rajkot,

Baroda, Jamnagar, Mahesana etc. To our

pleasure, some big parties have afford us to

purchase whole of our manufacture lost in full

quality and also cricket and hockey balls are

needed by them. So, there is no problem in

marketing.

E… WATER FACILITIES

Water is not required for product purpose. It is

required only for domestic purpose.

Arrangement will be made at the site by

installing tubewell.

F… SOURCES OF FINANCE

Finance is oxygen or blood for the industry and

thus the procurement of finance is very vital.

Proximity of the site, to the Rajkot city makes

the source of finance closes to the concern. The

various financial industries like the nationalized

banks, commercial banks, GSFC branch are

located in Rajkot city near to the site of the

factory.

G… OTHER FACILITIES

Along with all the above mentioned facilities,

other facilities like, the insurance co’s, tele-

communication, medical services, post-office

services etc. are also available in the near by

area.

Basis and presumption

The profit is drawn on the basis of following

presumption.

1… No. of shifts - 2 shifts

Working days - 300 days

Working hours - 16 hours

2… The cost of land is based on the prevailing

rates at Metoda – GIDC, Rajkot.

3… The interest rate and depreciation rate are

fixed as per the government specification.

4… The salary and wages have been decided

on the basis of local markets.

5… Break Even Point has been calculated on

the full capacity utilization basis.

Product details

Generally, these products are based on the leather,

thread, cork, polishes and wool are also used with

leather in production on cricket and hockey balls. The

purpose of unit is to produce qualitative product in

the less cost.

To make proper and qualitative ball, proper shape,

proper weight, qualitative leather, initial stitching etc.

are needed. Because these things are help the

bowler in delivery and spinning the ball. In this unit,

four types of cricket balls are produced according to

quality. The hockey and cricket balls are duco

finished. There is also the demand for unglazed balls.

So, unglazed balls are also produced in this unit.

Details of raw materials

Raw materials are one of the important things for

production. If there is no raw material then there

would be no product of this unit. Obtain most of its

raw material from the local market.

The important raw materials required for the

manufacture of cricket and hockey balls are leather,

thread, cork, polishes and wool. Fortunately all the

items mentioned above except cork are indigenously

available. Cork will have to be imported. Thus, the

raw materials are available in open market in

Gujarat. So, unit does not find any difficulty in

collecting raw materials.

Cricket Ball (EXS1275)

Description:Squeezable cricket ball. Minimum quantity - 500. Please check current stock availability.

Product Size: 70 x 70 x 70mm

Print Area: 40 x 40mm

Prices inclusive of print in one position. Screens are charged extra at 50 Rs per colour, per position.

over 500 over 1000 over 2500

1 Colour Logo Rs.300 Rs.400 Rs.500

2 Colour Logo Rs.300 Rs.400 Rs.500

3 Colour Logo Rs.300 Rs.400 Rs.500

4 Colour Logo Rs.300 Rs.400 Rs.500

USE & APPLICATION OF PRODUCT

Cricket is the most popular game in our country.

While Hockey is our national game and it is also

popular. But compare with the cricket, popularity of

the hockey is less.

A ball is an important thing for these two games. We

can say that ball is blood for cricket and hockey. This

unit produces qualitative balls.

Care is to be taken to see that properly tanned

leather is selected and correct pattern cutting

delivery and spinning Stitching also provides the

main strength to the balls. So, the balls are stitched

clamped in a special mould holding clamps to give

the desired shape of the balls. An attractive polish is

needed. Hockey and cricket balls are duco finished.

Unglazed balls are also produced. These balls re

qualitative, strong, attractive and cheap.

MARKET POTENTIAL

Hockey and cricket, these two games are very

popular. These games are played in all over the

world. So, cricket and hockey balls are demanded

product.

Looking to the internal and increase in export

demand, there is a good scope for starting new

manufacturing units in different parts of the country.

Meerut, Jalandhar are the starting place or city,

where a large number of workers started

manufacturing cricket and hockey balls.

The demand for quality goods is increasing hence

there is a scope for another 10 to 15 new units every

year. The raw materials required for the manufacture

of cricket and hockey balls are indigenously

available. Even in rural areas, these games are very

famous.

PROCESS OUTLINE

The heart of any unit is manufacturing department.

This department is also called lubricant oil of any

unit. The main aim of any industry is to manufacture

something extra-ordinary which attracts the

customers. Let us see the process of manufacturing

of this unit.

Alum tanned leather is used in the

manufacture of hockey balls, while

vegetable tanned leather is used in

manufacturing cricket balls. Properly

tanned leather is selected and correct

pattern cutting is adopted. Zirconium

tanned leather is used for the manufacture

of first quality cricket balls. As regards

other raw materials such as thread, cork,

polish and wool the quality of material

used depends upon the quality of balls

required to be supplied.

The cutting of pieces can be done

manually as well as by mechanical dicking

process. Two sections are stitched

together in seamless stitch which runs

inside the leather and are called cups. It

should be netted that there side not be

more than 25 to 26 stitches in the

manufacture of joint otherwise the stitches

might tear the leather. Different types of

raw materials are used for different types

of raw materials are used for different

quality for ex. For cheaper varieties the

mixture of rubber and cork mixtures are

used. Now dry the balls with the help of

machines. Now press the cup in such a

way so that wrinkles do not appear in the

cup. Now dried cups are stitched by skilled

workers. The skilled workers are to be very

careful when making the final stitching in

two parallel rows.

Because it helps the bowler in delivery and

spinning the ball. After stitching,

electrically heated and good polish is

needed. There is also demand for unglazed

balls.

Capacity utilization

The total capacity installed is 30,000 balls per

month. In the first year, 50% of the capacity shall be

utilized i.e. the month production of balls will be

15000. In the second and third capacity utilization

will be 60% and 70% respectively.

Actually the capacity of the unit is always fluctuating.

At the time of world cup or cricket tournament, the

demand of cricket balls will be increased. So unit can

produce more balls at that time.

FIXED CAPITAL DETAILS

1… LAND, BUILDING & FURNITURE

Sr.

No.

Particular Cost

1 500 sq.mtrs. of Land of Rs.1500 per

sq.mtr.

765000

2 3900sq.feets of building of Rs.200 per

sq.feet

765000

3 Furniture 1,00,000

Total 16,30,00

0

2… MACHINERY AND EQUIPMENTS

Sr.

No.

Particular Cost

1 HP Motor (having capacity of 24 dozens

balls)

14,00,000

2 Power operated press 17,00,500

3 Automatic injection moulding machine 10,00,000

4 Stamping press qty. 3 9,00,000

5 Automatic mixture machines with

electrical (2)

8,75,000

6 Electric drying oven heated 2 7,50,000

7 Electrification, installation and

transportation charges

8 Other equipments 3,00,000

9 Stitching frames 54,000

10 Other office equipments 20,500

Total 70,00,00

0

3… STATEMENT SHOWING TOTAL FIXED COST

Sr.

No.

Particular Cost

1 Land 765000

2 Building 765000

3 Furniture 1,00,000

4 Machinery & Equipments 70,00,000

Total 86,30,00

0

Working capital details

1… RAW MATERIALS 5,50,000

2… SALARY AND WAGES OF TECHNICAL STAFF AND OFFICE

STAFF

Particular Qty. Per

Person

Value

Purchase sales manager 1 8000 8,000

Production manager 1 8000 8,000

Supervisors 2 2500 5,000

Maintenance Engineers 1 4000 4,000

Accountant 1 3500 3,500

Store Keeper 1 2000 2,000

Computer Operator 1 2500 2,500

Skilled workers 10 2400 2,4000

Unskilled workers 15 1200 18,000

Total Salary 75,000

+ 20% Benefits ( Labour

Act )

15,000

Total 90,000

3… Utilities

power 21,000

fuel 10,000

Packing 10,000

Total 31,00

0

4… OTHER CONTINGENT EXPENSES

Postage & Stationary 2,000

Transportation 10,000

Sales Expenses 5,000

Repair and

maintenance

2,000

Insurance 5,000

Telephone 6,000

Advertising and

publicity

5,000

Electricity 10,000

Total 45,000

5… STATEMENT SHOWING TOTAL WORKING CAPITAL (MONTHLY)

Raw material 5,50,000

Salary & Wages 90,000

Contingent Expenses 45,000

Utilities 31,000

Total 7,16,000

6… WORKING CAPITAL REQUIREMENT ( FOR 3 MONTHS )

Rs. 7,16,000 × 3 = 21,48,000

TOTAL CAPITAL INVESTMENT

Fixed Capital 86,30,000

Working Capital 21,48,000

Total 1,07,78,00

0

Source of finance

Particular Owned

(35%)

ICICI.

Bank

(25%)

H.D.F.C.

(40%)

Machinery 24,50,000 17,50,000 28,00,000

Building 2,62 ,500 1,87,500 3,00 ,000

Land 2,73 ,000 1,950

00

3,12 ,000

Furniture 35,000 25,000 40,000

Working

Capital

7,51,800 5,37,000 8,59,200

Total 37,72,300 26,94,500 43,11,200

Interest on capital

I.C.I.C.I loan 13% 3,50,285

Owned Capital 10% 3,77,230

H.D.F.C. 16% 6,89,792

Total 14,17,307

DEPRECIATION

Machinery 25% 17,50,000

Building 10% 75,000

Land 10% 78,000

Furniture

15%

15,000

Total 19,18,000

Cost of production ( annually )

Total requirement of working capital 85,92,000

Depreciation of Building 78,000

Depreciation of Land 75,000

Depreciation of Machinery 17,50,000

Depreciation of Furniture 15,000

Interest on I.C.I.C.I Bank 3,50,285

Interest on Owned Capital 3,77,230

Interest on H.D.F.C. Loan 6,89,792

Total 1,19,22,3

07

Sales turnover ( Yearly )

Yearly production: 155 00 × 12 = 1,86,000

Selling price Rs. 90 per piece

Total annual sales volume:

1,80,000 × 90 =

1,62 ,00,000

FIXED COST

Dep. on Machinery 17,50,000

Dep. on Building 75,000

Dep. on Land 78,000

Dep. on Furniture 15,000

Int. on Bank Loan 3,50,285

Int. on H.D.F.C. Loan 6,89,792

Int. on Owned capital 3,77,230

40% on salary & wages 4,32,000

40% other contingent exp. 2,16,000

Total 39,83,30

7

PROFITABILITY ANALYSIS

Sales Volume 1,62 ,00,000

- Cost of Production 1,19,27,307

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

Earning before interest & tax 42,72,693

- Interest on capital 14,17,307

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

Earning before tax 28,55 ,386

- Income tax at 33.2% 9,49,701

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

19,05 ,685

BEP Analysis

BEP =

=

=

= 0.67650× 50

= 33.82%

Variable cost

Fixed cost per unit =

= 39,83,307

1,86,000

= 21.42 per unit

VARIABLE COST

Raw material 66,00,000

Salary(60%) 6,48,000

Other exp. (60%) 3,24,000

Utility (100%) 3,72,000

79,44,000

variable cost per unit =

= 42.71 per unit.

Cost per unit = Fixed cost per unit +

variable

Cost per unit

= 21.42 + 42.71

= 64.13 per unit.

Ratio Analysis

1… ROI =

=

= 17.68%

2… Net Profit=

=

= 11.76%

Projection

Statement showing sales for the next five year…

Particul

ar

Year-1 Year-2 Year-3 Year-4 Year-5

Qty.

Sold

(PM)

15,000 18,000 21,000 24,000 30,000

Qty.

Sold

(PA)

1,80,000 2,16,00

0

2,52,000 2,88,000 3,60,000

Selling

Price

(PM)

90 90 90 90 90

Total

sales

volume

1620000

0

194400

00

2,268,000

0

2,59,20,0

00

3,24,00,000

Future plan

ROYAL Entertainment Balls Ltd. has specified future

plans to follow. It has fixed goals to be achieved in

future. Certain future plans of this unit are as under.

Company wants to increase its sales and profit

and be a large scale industry.

Company wants to start the production of

another ball, such as footballs and volleyballs.

Because after cricket, football is very famous

game.

Company wants to wider its network in whole

country. For it they are deciding to establish

branches in most of the state in India.

Thus, this company has bright future vision and it

wants to extend its coverage.

Raw Materials Used

Kg. P.M. Rate. Amt.

1. Lather 600 Kg. 500 3,00,000

2. Thread 500 Kg. 76 38,000

3. Cork 1200 Kg. 125 1,50,000

4. Polishes 150 Kg. 413.33 62,000

2450 5,50,000

Balance sheet

Sources of fund 1st YEAR 2nd YEAR 3rd YEAR AMT. AMT. AMT.

CapitalPartner A 40% 15,08,920Partner B 30% 11,31,690Partner C 30% 11.31.690Owned 37,72,300 37,72,300 37,72,300I.C.I.C.I 26,94,500 21,55,600 16,16,700H.D.F.C 43,11,200 34,48,960 25,86,720EAT 19,05,685 32,51,718 45,97,751CREDITORS 10,00,000 10,00,000 10,00,000

1,36,83,685 1,36,28,578 1,35,73,471

Application of funds

Fixed capital 86,30,000 67,12,000 47,94,000-dep. 19,18,000 19,18,000 19,18,000

67,12,000 47,94,000 28,76,000

Debtors 50,16,685 41,46,278 40,21,221Bank balance 14,15,000 40,40,300 59,20,250Stock 5,40,000 6,48,000 7,56,000

1,36,83,685 1,36,28,578 1,35,73,471

Repayment of loan

I.C.I.C.I Loan installment of loan Interest

Repayment

26,94,500 5,38,9003,50,285

21,55,600 5,38,9002,80,228

16,16,700 5,38,9002,10,171

10,77,800 5,38,9001,40,114

53,89,00 5,38,900 70,057

H.D.F.C. Loan

43,11,200 8,62,2406,89,792

34,48,960 8,62,2405,51,833

25,86,720 8,62,240 4,13,87517,24,480 8,62,240 2,75,9178,62,240 8,62,240

1,37,958

Cost sheet

1st Year 2nd Year 3rd Year

Purchase 66,00,000 79,20,000 92,40,000Add: opening stock - - -Add: Direct WagesSkilled Workers 2,88,000 3,45,600 4,03,200Unskilled workers 2,16,000 2,59,200 3,02,400Add: Direct ExpensesElectricity 1,68,000 2,01,600 2,35,200Packing 84,000 1,00,800 1,17,600Fuel 1,20,000 1,44,000 1,68,000Prime Cost(A) 74,76,000 89,71,200 1,04,66,400

Factory OverheadSupervisors 60,000 60,000 60,000Production 96,000 96,000 96,000Maintanance eng 48,000 48,000 48,000

Repair & maintance 24,000 28,800 33,600Insurance of machinary 60,000 72,000 84,00020% Benefits labour 1,80,000 2,16,000 2,52,000Dep. On land 75,000 75,000 75,000Dep. On mach. 17,50,000 17,50,000 17,50,000Dep. On building 78,000 78,000 78,000

Factory cost(B) 23,71,000 24,23,800 24,76,600

Office Overhead 1st Year 2nd Year 3rd Year

Accountant 42,000 42,000 42,000Computer Operator 30,000 30,000 30,000Postage & Stationary 24,000 28,800 33,600Telephone 72,000 86,400 1,00,800Electricity 1,20,000 1,44,000 1,68,000Dep on Furniture 1,5000 1,5000 15,000

Office Cost (C) 3,03,000 3,46,200 3,89,400

Selling & Distribution

Salary to sales Manager 96,000 96,000 96,000Store Keeper 24,000 24,000 24,000Transportaion 1,20,000 1,44,000 1,68,000Sales Expense 60,000 72,000 84,000Advertising & publicity 60,000 72,000 84,000

Selling & distributionExp. 3,60,000 4,08000 4,56,000

A+B+C+D 1,05,10,000 1,21,49,200 1,37,88,400Int. on capital 14,17,307 12,09,291 10,01,276Cost of production 1,19,27,307 1,33,58,491 1,47,89,676

Operating Statement

1st Year 2nd Year 3rd Year

Sales 1,62,00,000 1,94,40,000 2,26,80,000

Purchase 66,00,000 79,20,000 92,40,000Add: openingStock - - -Add: Direct WagesSkilled Workers 2,88,000 3,45,600 4,03,200Unskilled workers 1,16,000 2,59,200 3,02,400Add: Direct ExpElectricity 1,68,000 2,01,600 2,35,200Packing 84,000 1,00,800

1,17,600Fuel 1,20,000 1,44,000 1,68,000 Prime Cost 74,76,000 89,71,200 1,04,66,400

Add:Factory Cost 23,71,000 24,23,800 24,76,600Office Cost 3,03,000 3,89,400 3,89,400Selling expense 3,60,000 4,08,000 4,56,000

1,05,10,000 1,21,49,200 1,37,88,400Add:

Interest on capital 14,17,307 12,09,291 10,01,276

Cost of Production 1,19,27,307 1,33,58,491 1,47,89,676

1st Year 2nd Year 3rd Year

EBIT 42,72,693 60,81,509 78,90,324-Interest on capital 14,17,307 12,09,291 10,01,276

EBT 28,55,386 48,72,218 68,89,048-Income tax at( 33.26% ) 9,49,701 16,20,500 22,91,297

Profit 19,05,685 32,51,718 45,97,751