SCHEDULE OF ACTIVITIES FOR THE INITIAL

Time

20 Days

20 Days

20 Days

Company Registration
Land Purchase

Approval & Sanction Loan

INITIAL GESTATION PERIOD : 4

VITIES FOR THE INITIAL 4 MONTHS IN YEAR-1

20 Days

20 Days

20 Days

20 Days

Sanction Loan
Planning & Construction of plant

AL GESTATION PERIOD : 4 MONTHS

Machine Ordering & Installation

Trial Runs & Product launch

Raw Materials
Particulars

Quantity

Freshly tapped Neera (litres)

Preservatives and Nutrients (bottles)
Packaging (bottles)
Transport (litres)
Total

600,000
1,680,000
1,680,000
600,000

Sr. No.
1
2
3
4

1 year
Unit Cost Value of
Raw
material
8 4,800,000
0.50
840,000
3 5,040,000
3 1,800,000
12,480,000

Quantity

600,000
1,920,000
1,920,000
600,000

2year
3year
Unit Cost Value of
Quantity
Unit Cost Value of
Quantity
Unit Cost
Raw
Raw
material
material
8.8 5,280,000
600,000
9.68 5,808,000
600,000
10.65
0.50
960,000 2,040,000
0.50 1,020,000 2,160,000
0.50
3 5,760,000 2,040,000
3 6,120,000 2,160,000
3
3.5 2,100,000
600,000
4 2,400,000
600,000
4.5
14,100,000
15,348,000

4year
5year
Value of
Quantity
Unit Cost Value of
Raw
Raw
material
material
6,390,000
600,000
11.71 7,026,000
1,080,000 2,160,000
0.50 1,080,000
6,480,000 2,160,000
3 6,480,000
2,700,000
600,000
5 3,000,000
16,650,000
17,586,000

Capital Expediture
SR no

Particulars
1 Building

Civil works

Units
Land

4000

Process area
Laboratory
Office area
Storage area
Utility area
Workers amenity
TOTAL

1500
150
150
1000
500
200
3500

TOTAL
2 Plant and Machinery
Quick Chiller @2500lt,4deg C
Filter(Microfilter )
Storage tank 2500lt
Industrial Centrifuge 300lph
Interim storage tank 2500lt
Pasteurisation unit 300lph,150degC
Measurement instruments
Refrigirator,500ltr
Automatic filling machine
Cap sealing machine
Batch coding machine
Electronic weighting machine
Diesel generator@62.5 KVA
TOTAL
3 Office Furniture
4 Pumps,pipes and fittings
5 Installation and labour
6 Miscellaneous

Design,SS utensils,Exhaust fans

Electric fittings
Total Capital Expenditure

1
1
1
1
1
1
5
3
1
1
1
1
1
19

Unit price

Total cost

175

700,000.00

1000
1000
1000
1000
1000
1000

1,500,000.00
150,000.00
150,000.00
1,000,000.00
500,000.00
200,000.00
3,500,000.00
4,200,000.00

400000
200000
200000
800000
200000
300000
10000
30000
500000
300000
200000
25000
700000

400,000.00
200,000.00
200,000.00
800,000.00
200,000.00
300,000.00
50,000.00
90,000.00
500,000.00
300,000.00
200,000.00
25,000.00
700,000.00
3,965,000.00
50,000.00
200,000.00
300,000.00
500,000.00

9,215,000.00

Gross Block
8,515,000.00

Wages

Serial
Number
1
2
3
4

Labour
Plant supervisor
Machine operator
Chemist
Neera Tappers
Sub Total

Total Cost
Number Unit Cost
(Per
Month)
1
5
1
40
47

10,000
10,000
10,000
10,000

10,000
50,000
10,000
400,000

Total Cost
(Per
Unit Cost Total Cost (Per
Annum
YR 2
Annum Year 2)
Year 1)
120,000 11000
132,000
600,000
11000
660,000
120,000
11000
132,000
4,800,000 11000
5,280,000
5,640,000
6,204,000

Unit Cost Total Cost (Per Unit Cost Total Cost (Per Unit Cost
YR 3
Annum Year 3)
YR 4
Annum Year 4)
YR 5
12000
12000
12000
12000

144,000
720,000
144,000
5,760,000
6,768,000

13000
13000
13000
13000

156,000
780,000
156,000
6,240,000
7,332,000

14000
14000
14000
14000

Total Cost
(Per
Annum
Year 5)
168,000
840,000
168,000
6,720,000
7,896,000

Power Consumption

Sr No Machine Name
1
2
3
4

Quick Chiller
Filter
Industrial centrifuge
Pasteurisation unit

5
6
7
8

Auotomatic Filling m/c

Cap sealing M/c
batch coding M/c
Refrigrator 500Ltr

TOTAL

Total
Number
Rate per
(HP)
kW/Units working
of
unit for
connected per hour hours
machines
1st year
per day
1
0.75
0.5595
8
6.5
1
0.25
0.1865
8
6.5
1
15
11.19
8
6.5
1
1.5
1.119
8
6.5
1
1
1
3

2.5
2
0.25
4.5
26.75

1.865
1.492
0.1865
3.357

8
8
8
8

Cost per Working

day for days per
1st year year
29.094
9.698
581.880
58.188

300
300
300
300

6.5 96.980
6.5 77.584
6.5
9.698
6.5 174.564

300
300
300
300

Total cost
incurred in
1st year

Rate per Total cost

unit for incurred in
2nd year 2nd year

Rate per Total cost

unit for incurred in
3rd year 3rd year

Rate per Total cost

unit for incurred in
4th year 4th year

Rate per
unit for
5th year

8,728
2,909
174,564
17,456

7.0
7.0
7.0
7.0

9,339
3,113
186,783
18,678

7.5
7.5
7.5
7.5

10,071
3,357
201,420
20,142

8.0
8.0
8.0
8.0

10,776
3,592
215,519
21,552

8.5
8.5
8.5
8.5

29,094
23,275
2,909
52,369
311,305.80

7.0
7.0
7.0
7.0

31,131
24,904
3,113
56,035
333,097.21

7.5
7.5
7.5
7.5

33,570
26,856
3,357
60,426
359,199.00

8.0
8.0
8.0
8.0

35,920
28,736
3,592
64,656
384,342.93

8.5
8.5
8.5
8.5

Total cost
incurred in
5th year
11,414
3,805
228,276
22,828
38,046
30,437
3,805
68,483
407,092.20

SGA

Serial
Number
Labour
Selling
&
marketing
exp.
1
Office supplies
2
Total Variable
1
2
3
4
5
6
7

Watchman
Salesman
Project manager
Insurance
Maintenance cost
Office Assistant
Director's salary
Total fixed
Grand total

Units

Unit Cost

1
2
1

5,000.00
7,000.00
20,000.00

1
4

10,000.00
25,000.00

Total Cost
Total Cost (Per
(Per Month) Annum Year 1)
3,016,944.00
2,500.00
30,000.00
3,046,944.00
60,000.00
168,000.00
240,000.00
20,000.00
15,000.00
10,000.00
120,000.00
100,000.00 1,200,000.00
1,823,000.00
5,000.00
14,000.00
20,000.00

4,869,944.00

Total Cost (Per

Annum Year 2)
3,454,992.00
33,000.00
3,487,992.00

Total Cost (Per

Annum Year 3)
3,671,496.00
36,300.00
3,707,796.00

Total Cost (Per

Annum Year 4)
3,887,496.00
39,930.00
3,927,426.00

Total Cost (Per

Annum Year 5)
3,888,000.00
43,923.00
3,931,923.00

66,000.00
72,600.00
79,860.00
87,846.00
184,800.00
203,280.00
223,608.00
245,968.80
264,000.00
290,400.00
319,440.00
351,384.00
20,000.00
20,000.00
20,000.00
20,000.00
16,500.00
18,150.00
19,965.00
21,961.50
132,000.00
145,200.00
159,720.00
175,692.00
1,320,000.00 1,452,000.00 1,597,200.00 1,756,920.00
2,003,300.00 2,201,630.00 2,419,793.00 2,659,772.30
5,491,292.00 5,909,426.00 6,347,219.00 6,591,695.30

Depreciation Schedule
Depreciation as per Companies Act 2013
Particular
Civil work
Plant & Machinery
Office Furniture
Depreciation

1st
Rate
Cost
year(2015)
10.00% 3,500,000.00 350,000.00
13.91% 3,965,000.00 551,531.50
18.10%
50,000.00
9,050.00
910,581.50

2nd year
315,000.00
474,813.47
7,411.95
797,225.42

3rd year
283,500.00
408,766.91
6,070.39
698,337.30

4th year
255,150.00
351,907.44
4,971.65
612,029.08

2nd year
315,000.00
505,537.50
4,500.00
825,037.50

3rd year
283,500.00
429,706.88
4,050.00
717,256.88

4th year
255,150.00
365,250.84
3,645.00
624,045.84

Depreciation as per IT act

Particular
Civil work
Plant & Machinery
Office Furniture
Depreciation

1st
Rate
Cost
year(2015)
10.00% 3,500,000.00 350,000.00
15.00% 3,965,000.00 594,750.00
10.00%
50,000.00
5,000.00
949,750.00

5th year
229,635.00
302,957.11
4,071.78
536,663.89

5th year
229,635.00
310,463.22
3,280.50
543,378.72

Sources of Finance

Particulars

Fixed assests financing

Percentage

Amount

Owner's Capital

30% of FA

2,764,500

Term loan

70% of FA

6,450,500

Total

9,215,000

Working capital financing

Particulars
1st year

2nd year

3rd year

4th year

5th year

Cash credit

3,874,004

6,398,127

Owner's contribution

1,291,335

Total

5,165,338

6,398,127

Total of Owner's Capital

fixed assest
financing
Preliminary
Expenses
WC
financing
Total

2,764,500
300,000
1,291,335
4,355,835
2,355,835

Working Capital Requirement

Particulars
Serial Number
Current Assets
1
Raw Material
Finished Goods
Debtors
Cash
Total
Current Liabilities
2
Creditors
Total

Period(days)
1
7
15

41,600
502,331
1,508,472
3,736,935
5,789,338

15

624,000
624,000

Net Working Capital Requirement

Bank finance(maximum 75%)

Owner's contribution(25%)
Interest on working capital

Year 1(70 % Capacity)

5,165,338

at 14%

3,874,004
1,291,335

14%

542,360

Year 2(80% Capacity)

Year 3(85% Capacity)

Year 4(90% Capacity)

Year 5(90% Capacity)

47,000
563,083
1,723,968
4,769,076
7,103,127

51,160
611,020
1,831,716
4,983,672
7,477,568

55,500
695,914
1,939,464
6,686,751
9,377,629

58,620
695,824
1,939,464
7,238,921
9,932,829

705,000
705,000

767,400
767,400

832,500
832,500

879,300
879,300

6,398,127

6,710,168

8,545,129

9,053,529

6,398,127
-

895,738

Revenue Projection
Total Capacity (100%)
Year
Rate per unit
Capacity Utilization
Total units sold
Total Sales (Rs)

Estimated production in units

Per day production(@250ml Bottles)
Closing stock of units for the year
Total units sold

2,400,000.00 units
1
2
3
4
18.00
18.00
18.00
18.00
70.00%
80%
85%
90%
1,676,080 1,919,440 2,039,720 2,159,720
30,169,440 34,549,920 36,714,960 38,874,960

1,680,000
5,600
3,920
1,676,080

1,920,000
6,400
4,480
1,915,520

2,040,000
6,800
4,760
2,035,240

2,160,000
7,200
5,040
2,154,960

5
18.00
90%
2,160,000
38,880,000

2,160,000
7,200
5,040
2,154,960

Break Even Point

Particulars
R.M.
Labour
Electricity
Overheads
Total variable cost
S.P.
Contribution
Total Contribution
Fixed Cost
BEP (Period)

Year 1
Total
per unit
12,480,000 7.446
5,640,000 3.365
311,306 0.186
3,046,944 1.818
21,478,250 12.815
18.000
8,691,190 5.185
8,691,190.20
11,112,060

MARGINAL COSTING
Year 2
Year 3
Year 4
Total
per unit
Total
per unit
Total
14,100,000 7.346
15,348,000 7.525
16,650,000
6,204,000 3.232
6,768,000 3.318
7,332,000
333,097 0.174
359,199 0.176
384,343
3,487,992 1.817
3,707,796 1.818
3,927,426
24,125,089 12.569
26,182,995 12.837
28,293,769
18.000
18.000
10,424,831 5.431
10,531,965 5.163
9,053,945
10,424,830.79
10,531,965.00
9,053,944.80
10,226,967
9,473,259
8,838,273
1 year 3months 10 days

Year 4
per Unit
8.143
3.656
0.19
1.821
13.808
18.000
4.192
9,053,944.80
8,838,273

Year 5
Total
per Unit
17,586,000 8.142
7,896,000 3.656
407,092 0.188
3,931,923 1.820
29,821,015 13.806
18.000
9,058,985 4.194
9,058,984.80
8,311,411

Cost Sheet

Add
Less

Particulars
Opening Stock of Raw Materials
Purchase of Raw Material
Closing Stock of Raw Materials

RAW MATERIAL CONSUMED

Add
Add
Add
Less
Add
Add
Less
Add

Direct Wages
PRIME COST
Factory Overheads
opening WIP
Closing WIP
WORKS COST/Factory cost
Administration Overheads
COST OF PRODUCTION
Opening Stock of Finished Goods
Closing Stock of Finished Goods
COST OF GOODS SOLD
SGA
COST OF SALES
SALES

Amount per
year 1 (in
Rs.)
0
12,480,000
0
12,480,000
5,640,000
18,120,000
1,221,887
0
0
19,341,887
0
19,341,887
0
502,331
18,839,556
4,869,944
23,709,500
30,169,440

Amount per
Amount per
year 2 (in
Amount per year 4 (in
Rs.)
year 3 (in Rs.) Rs.)
0
0
0
14,100,000 15,348,000 16,650,000
0
0
0
14,100,000
15,348,000 16,650,000
6,204,000
6,768,000
7,332,000
20,304,000
22,116,000 23,982,000
797,225
1,031,435
612,029
0
0
21,101,225
0
21,101,225

0
0
23,147,435
0
23,147,435

0
0
24,594,029
0
24,594,029

563,083
20,538,142
5,491,292
26,029,434
34,549,920

611,020
22,536,414
5,909,426
28,445,840
36,714,960

695,914
23,898,115
6,347,219
30,245,334
38,874,960

Amount per
year 5 (in
Rs.)
0
17,586,000
0
17,586,000
7,896,000
25,482,000
895,863
0
0
26,377,863
0
26,377,863
695,824
25,682,039
6,591,695
32,273,735
38,880,000

Repayment Schedule
Term Loan Interest
6,450,500
12.00%
Year

Interest
1
2
3
4
5

Year
1
2
3
4
5

774,060
619,248
464,436
309,624
154,812

Loan yet to be repaid

Principal repayment
5,160,400
1,290,100
3,870,300
1,290,100
2,580,200
1,290,100
1,290,100
1,290,100
1,290,100

Short term loan (1 Interest

yr)
rate
3,874,004
6,398,127
-

14%
14%
14%
14%
14%

Interest payment
542,360
895,738
-

Fixed Cost Schedule as per Companies Act

Sr No

Particulars
1 Gross Block
2 Accured Depreciation
3 Net Block

Year 1
Year 2
Year 3
Year 4
Year 5
8,515,000 7,604,418.50 6,807,193.08 6,108,855.78 5,496,826.70
910,581.50 797,225.42 698,337.30 612,029.08 536,663.89
7,604,418.50 6,807,193.08 6,108,855.78 5,496,826.70 4,960,162.80

Fixed Cost Schedule as per Income Tax Act

Sr No

Particulars
1 Gross Block
2 Accured Depreciation
3 Net Block

Year 1
Year 2
Year 3
Year 4
Year 5
8,515,000 7,565,250.00 6,740,212.50 6,022,955.63 5,398,909.78
949,750.00 825,037.50 717,256.88 624,045.84 543,378.72
7,565,250.00 6,740,212.50 6,022,955.63 5,398,909.78 4,855,531.06

PROJECTED CASH FLOW STATEMENT

Net profit before tax

add: Transfer to Reserve
Adjustment for:
add: Depreciation
Add: Preliminary Expense
add: Interest on Term Loan
add: Interest on Working Capital Loan
Operating profit before working capital
changes
Working capital changes:
Trade receivables(-)
Inventories(-)
Trade payables(+)
Cash generated from operating
activities:
Direct tax paid(-)

Net cash flow from operating activities

Cash flow from investing activities:
Purchase of fixed assets(-)
Sale of fixed assets (+)
Preliminary expenses (-)

Net cash flow from investing activities

Cash flow from financing activites:
Term Loan (+)
Cash Credit Loan (+)
Promoter's Funds (+)
Loan from Promoters (+)
Loan Repaid to promoters (-)
Cash Credit Loan Repaid (-)
Loan Repayment(-)
Interest on Term Loan(-)
Interest on Working Capital Loan(-)
Dividend paid (-)

Year 1
4,999,351
-

Year 2
6,037,259
-

Year 3
7,086,580
-

Year 4
7,202,622
-

949,750
60,000
774,060

825,038
60,000
619,248

717,257
60,000
464,436

624,046
60,000
309,624

542,360

895,738

7,325,521

8,437,283

8,328,272

8,196,292

1,508,472
502,331
624,000

1,723,968
563,083
705,000

1,831,716
611,020
767,400

1,939,464
695,914
832,500

5,938,718

6,855,232

6,652,936

6,393,414

1,544,799

1,865,513

2,189,753

2,225,610

4,393,919

4,989,718

4,463,183

4,167,804

8,515,000
60,000

60,000

60,000

60,000

-8,575,000

-60,000

-60,000

-60,000

6,450,500
3,874,004
2,000,000
2,355,835
1,290,100
774,060
542,360
600,000

2,524,123
2,355,835
1,290,100
619,248
895,738
600,000

6,398,127
1,290,100
464,436
700,000

1,290,100
309,624.00
700,000

DDT (-)

Net cash flow from financing activities

Total
Cash at beginning of the year (+)
New Cash Credit (for WC) (+)
Previous Cash Credit (for WC) (-)
Total

90,000

90,000

105,000

105,000

11,383,818

-3,326,797

-8,957,663

-2,404,724

7,202,736
7,202,736

1,602,921
7,202,736
8,805,658

-4,554,480
8,805,658

1,703,080
4,251,178

4,251,178

5,954,257

Year 5
5,585,932
543,379
60,000
154,812
-

6,344,122

1,939,464.00
695,823.69
879,300
4,588,135
1,726,053
2,862,082

60,000

-60,000

1,290,100
154,812
700,000

105,000
-2,249,912
552,170
5,954,257

6,506,427

PROJECTED PROFIT AND LOSS ACCOUNT

SR.NO

PARTICULARS
1 INCOME
Sales
Closing Stock of Finished Goods
Total
2 EXPENDITURE
Opening Stock of Finished Goods
Raw Materials
Wages
Power
SGA
Preliminary Expense written off as per IT Act

4
5
6
7
8
9
10

Audit & Legal Fees

Total
PROFIT BEFORE INTEREST, DEP and TAX.
Depreciation
PROFIT BEFORE INTEREST and TAX.
less: Interest on term loan
less: Interest on WC
PROFIT BEFORE TAX
Tax(30.9%)
PROFIT AFTER TAX
DIVIDEND
DDT (@15%)
TRANSFER TO RESERVES AND SURPLUS
Net Profit

Year 1

Year 2

30,169,440 34,549,920
502,331
563,083
30,671,771 35,113,003
0
502,331
12,480,000 14,100,000
5,640,000 6,204,000
311,306
333,097
4,869,944 5,491,292
60,000
60,000
45,000
45,000
23,406,250 26,735,720
7,265,521 8,377,283
949,750
825,038
6,315,771 7,552,245
774,060
619,248
542,360
895,738
4,999,351 6,037,259
1,544,799 1,865,513
3,454,552 4,171,746
600,000
600,000
90,000
90,000
863,638 1,042,937
1,900,914 2,438,810

Year 3

Year 4

Year 5

36,714,960 38,874,960 38,880,000

611,020
695,914
695,824
37,325,980 39,570,874 39,575,824
563,083
611,020
695,914
15,348,000 16,650,000 17,586,000
6,768,000 7,332,000 7,896,000
359,199
384,343
407,092
5,909,426 6,347,219 6,591,695
60,000
60,000
60,000
50,000
50,000
55,000
29,057,708 31,434,582 33,291,701
8,268,272 8,136,292 6,284,122
717,257
624,046
543,379
7,551,016 7,512,246 5,740,744
464,436
309,624
154,812
0
0
0
7,086,580 7,202,622 5,585,932
2,189,753 2,225,610 1,726,053
4,896,826 4,977,012 3,859,879
700,000
700,000
700,000
105,000
105,000
105,000
1,224,207 1,244,253
964,970
2,867,620 2,927,759 2,089,909

WACC Calculation
Year1
Particulars
Equity
Debt

Year

Cost
16%
8.29%

Amount
4,355,835
6,450,500

Year2
WACC
11.40%

Amount
2,000,000
5,160,400.00

WACC
10.44%

NET PRESENT VALUE (NPV) CALCULATION (DISCOUNTED PAYBACK PERIOD)

CFAT
Depreciation
CFAT + Dep.
DF (1/(1+WACC))
PVCF
0 -9,215,000
-9,215,000
1.00
-9,215,000
1 3,454,552
949,750
4,404,302
0.90
3,953,629
2 4,171,746
825,038
4,996,784
0.82
4,096,366
3 4,896,826
717,257
5,614,083
0.73
4,114,069
4 4,977,012
624,046
5,601,057
0.64
3,603,412
5 3,859,879
543,379
4,403,257
0.54
2,392,285
Present value of cash inflows
18,159,761
NPV
8,944,761
Discounted pay-back period
Profitability Index

1 Year 5 months 26 days

1.97

WACC Calculation
year3
Amount
2,000,000
3870300

year4
WACC

10.92%

Year

Payback Period

Amount
2,000,000
2580200

year5
WACC
11.66%

Amount
2,000,000
1290100

WACC
12.98%

PAYBACK PERIOD CALCULATION

CFAT
Depreciation
CFAT + Dep. CF
Cumulative CF
0 -9,215,000
-9,215,000
-9,215,000
-9,215,000
1 3,454,552
949,750
4,404,302
4,404,302
4,404,302
2 4,171,746
825,038
4,996,784
4,996,784
9,401,085
3 4,896,826
717,257
5,614,083
5,614,083
15,015,169
4 4,977,012
624,046
5,601,057
5,601,057
20,616,226
5 3,859,879
543,379
4,403,257
4,403,257
25,019,483
Present value of cash inflows
25,019,483
NPV
15,804,483
1 year 4 months

In Rs.
Years
EQUITY AND LIABILITIES

Year 1
Shareholders funds
Share capital
Reserves and surplus
By P&L Balance (Net Profit)

2,000,000
863,638
1,900,914

Non-current liabilities
Long-term borrowings
Other long-term liabilities
Long-term provisions

5,160,400
2,355,835
-

Current liabilities
Short-term borrowings
Trade payables
Other current liabilities
Short-term provisions

3,874,004
624,000
-

TOTAL
ASSETS
Non-current assets
Fixed assets
Tangible assets
Intangible assets
Capital work-in-progress
Intangible assets under development
Non-current investments
Long-term loans and advances
Other non-current assets

7,565,250
-

Current assets
Current investments
Inventories
Trade receivables
Cash and bank balances
Loss (Current Year)
By P&L Balance (Net Loss)

502,331
1,508,472
7,202,736
-

TOTAL

Year 2

4,764,552

Year 3

2,000,000
1,906,574
4,339,723

8,246,298

3,870,300
7,516,235

Year 4

2,000,000
3,130,781
7,207,343

12,338,124

2,580,200
3,870,300

6,398,127
1,329,000
-

1,290,100
2,580,200

2,096,400
-

2,928,900
-

4,498,004

7,727,127

2,096,400

16,778,790

19,843,724

17,014,724

6,740,213
-

6,022,956
-

7,565,250

5,398,910
-

6,740,213

1,065,414
3,232,440
8,805,658

2,000,000
4,375,034
10,135,102

6,022,956

1,676,435
5,064,156
4,251,178

2,372,349
7,003,620
5,954,257

9,213,540

13,103,512

10,991,769

16,778,790

19,843,724

17,014,724

Year 5

16,510,136

2,000,000
5,340,004
12,225,011

19,565,014

1,290,100

3,808,200
2,928,900

3,808,200

20,729,136

23,373,214

4,855,531
5,398,910

4,855,531

3,068,172
8,943,084
6,506,427
15,330,226

18,517,683

20,729,136

23,373,214

SHAREHOLDING PATTERN
Particulars
Total equity (Rs.)
Face value of each share (Rs.)
Total shares
Number of promoters
Shares per promoter

DIVIDEND PAYOUT
Amount
2,000,000
1
2,000,000
4
500,000

Year 1
Dividend per promoter
Total dividend payout

150,000
600,000

Year 2

Year 3

Year 4

Year 5

150,000
600,000

175,000
700,000

175,000
700,000

175,000
700,000