PFin-TEV-27 12 10

000000M/s.
R K Wind Limited, New Delhi 00000012/08/2021
SENSIVITY ANALYSIS
REVENUE DOWN R M UP BY REVENUE DOWN AND

S. NO. PARTICULARS NORMAL
BY 2.50 % 2.50 % R M UP BY 2.50 %
1 DSCR 3.44 1.89 2.01 1.30

2 IRR - Pre Tax 21.56% 24.19% 25.10% 19.54%
3 IRR - Post Tax 16.41% 18.41% 19.36% 13.68%
000000M/s. R K Wind Limited, New Delhi 00000012/08/2021
COST OF PROJECT
( Rs. in Lacs )
Incurred As On To be Incurred
Particulars Total
March 31, 2010 Auguts 31, 2010 Total Sept., 2010 - March,2011 April - June, 2011
Land Cost for Plant,consultancy,site development 813.00 813.00 813.00 -

Factory Buildings 1,980.22 831.00 1,211.37 768.85 768.85 -
R&D Infrastructure 100.00 100.00 50.00 50.00
Other Drawings and Infrastructure 100.00 100.00 75.00 25.00
Technology for WTG 500.00 271.00 468.17 31.83 31.83 -
Technical Know How for Blade / Hub / Naceele 3,174.00 3,174.00 3,140.00 34.00
Equipment for Blade Mould 1,878.00 1,878.00 187.80 1,690.20
Equipment for Hub & Nacelle Mould 897.00 897.00 89.70 807.30
Other Equipment - Cranes, D G Set etc 300.00 1.21 2.47 297.53 29.75 267.78
PreOperative Expenses 241.15 90.48 91.15 150.00 120.00 30.00
Contingency 458.52 458.52 458.52
Commitment Charges 52.00 52.00 52.00 -
IDC 212.88 212.88 51.46 161.42
Working Capital Margin 2,806.70 2,806.70 2,806.70
Total 13,513.47 2,006.69 2,586.16 10,927.31 4,596.39 6,330.92
FACR (Excluding Technology & WC Margin) 1.35

FACR (As per PNB) 1.26
COST OF PROJECT
( Rs. in Lacs )
Incurred As On To be Incurred
Particulars Total
March 31, 2010 Auguts 31, 2010 Total Sept., 2010 - March,2011 April - June, 2011
Equity 8,313.47 2,094.23 3,476.68 4,836.79 96.39 4,740.40

Debt 5,200.00 - - 5,200.00 4,500.00 700.00
Sundry Creditors / Advances - (87.54) (890.52) 890.52 890.52
Total 13,513.47 2,006.69 2,586.16 10,927.31 4,596.39 6,330.92
Deb Equity Ratio 0.63

ASSESMENT OF WORKING CAPITAL REQUIREMENT
OPERATING STATEMENT
1.00 (Rs. in Lacs)

PARTICULARS 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
Installed Capacity ( In Nos. ) 240 240 240 240 240 240 240
Production ( In Nos. ) 135 180 235 235 235 235 235
Work in Progress ( In Nos.) 8 8 10 10 10 10 10
Finished Good ( In Nos.) 5 5 6 6 6 6 6
Sale ( In Nos.) 123 180 232 235 235 235 235
1.Gross Receipt .
( a ) Sales - Domestic 32,595.00 47,700.00 61,303.33 62,275.00 62,275.00 62,275.00 62,275.00
( b ) Sales - Exports - - - - - - -
( c ) Sales - O & M - - - 715.50 1,669.50 2,915.00 4,160.50
Total 32,595.00 47,700.00 61,303.33 62,990.50 63,944.50 65,190.00 66,435.50
2.Less Excise Duty - - - - - - -
3.Net Receipt(1-2) 32,595.00 47,700.00 61,303.33 62,990.50 63,944.50 65,190.00 66,435.50
4.Growth in Sales 46.34% 28.52% 2.75% 1.51% 1.95% 1.91%
5.Cost of Operations
(I) Raw Material
(Including stores & other items used in the process of
manufacture)
1 a) Imported 12,876.25 15,451.50 20,566.23 20,172.79 20,172.79 20,172.79 20,172.79
b) Indigenous 19,314.37 23,177.25 30,849.35 30,259.19 30,259.19 30,259.19 30,259.19
Totalof Raw material 32,190.62 38,628.75 51,415.58 50,431.98 50,431.98 50,431.98 50,431.98
(II) Other Manufacturing Exp
a) Imported - - - - - - -
b) Indigenous 300.00 440.00 528.00 633.60 760.32 912.38 1,094.86
(III) Power and Water 375.00 550.00 605.00 665.50 732.05 805.26 885.78
(IV) Direct Labour 375.00 550.00 660.00 792.00 950.40 1,140.48 1,368.58
(V) O&M Cost - - - 357.75 834.75 1,457.50 2,080.25
(VI) Ins.for Generation Guarantee 162.98 238.50 306.52 314.95 319.72 325.95 332.18
(VII) Power Curve Guarantee 162.98 238.50 306.52 314.95 319.72 325.95 332.18
(IV) Royality WTG / Hub / Nacelle 180.00 180.00 180.00 180.00 180.00 - -
(V) Repair & Maintenance 375.00 550.00 660.00 792.00 950.40 1,140.48 1,368.58
(VI) Depreciations 492.86 617.67 568.57 523.86 483.12 445.96 412.05
(VII) Sub total ( I to VI ) 34,614.43 41,993.42 55,230.19 55,006.60 55,962.46 56,985.93 58,306.42
Add : Opening Stock of Raw Material - 3,219.06 3,219.06 4,202.66 4,202.66 4,202.66 4,202.66
Dedcut: Closing stock of Raw Material 3,219.06 3,219.06 4,202.66 4,202.66 4,202.66 4,202.66 4,202.66
Sub Total 31,395.37 41,993.42 54,246.58 55,006.60 55,962.46 56,985.93 58,306.42
Add : Opening Stock in Progress - 1,609.53 1,609.53 2,101.33 2,101.33 2,101.33 2,101.33
Deduct:Closing Stock in Progress 1,609.53 1,609.53 2,101.33 2,101.33 2,101.33 2,101.33 2,101.33
Cost of Operations 29,785.84 41,993.42 53,754.78 55,006.60 55,962.46 56,985.93 58,306.42
Add: Opening Stock of Finished Goods - 965.72 965.72 1,260.80 1,260.80 1,260.80 1,260.80
Less: Closing Stock of Finished Goods 965.72 965.72 1,260.80 1,260.80 1,260.80 1,260.80 1,260.80
Total Cost of Operations 28,820.12 41,993.42 53,459.70 55,006.60 55,962.46 56,985.93 58,306.42
%age of sales 88.42% 88.04% 87.21% 87.33% 87.52% 87.42% 87.76%
GP 11.58% 11.96% 12.79% 12.67% 12.48% 12.58% 12.24%
OPERATING STATEMENT
(Rs. in Lacs)
PARTICULARS 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
6.Selling General and Administrative Expenses 1,285.37 1,593.16 2,009.91 2,184.01 1,796.35 1,753.71 1,884.38
7.Sub Total (5+6) 30,105.50 43,586.58 55,469.61 57,190.61 57,758.81 58,739.65 60,190.80
8.Operating Profit before Intt (3-7) 2,489.50 4,113.42 5,833.73 5,799.89 6,185.69 6,450.35 6,244.70
9.Financial Charges
- Interest on Term Loan 503.62 594.88 486.72 378.56 270.40 162.24 54.08
- Interest on Working Capital 607.50 810.00 810.00 810.00 810.00 810.00 810.00
- Others 97.79 143.10 183.91 188.97 191.83 195.57 199.31
Sub Total 1,208.91 1,547.98 1,480.63 1,377.53 1,272.23 1,167.81 1,063.39
10.Operating Profit after Intt ( 8-9) 1,280.60 2,565.44 4,353.10 4,422.36 4,913.45 5,282.54 5,181.31
11.Other Non Operating Income : Intt on FDRs 98.00 98.00 98.00 98.00 98.00 98.00 98.00
12.Other Non Operating Expenses : PreOperative Exp 48.23 48.23 48.23 48.23 48.23 - -
13.P.B.T/Loss (10+11-12) 1,330.37 2,615.21 4,402.87 4,472.13 4,963.22 5,380.54 5,279.31
14.PartnerS Salary - - - - - - -
15.Provison for Taxes - 471.57 1,255.74 1,358.82 1,580.41 1,745.38 1,742.17
Deferred Tax Liability
16.Net profit / Loss (13-14) 1,330.37 2,143.64 3,147.13 3,113.31 3,382.82 3,635.16 3,537.14
17.Dividend - - - - - - -
18.Retained Profit (15-16) 1,330.37 2,143.64 3,147.13 3,113.31 3,382.82 3,635.16 3,537.14
19.Retained Profit / Net Profit (%) 100% 100% 100% 100% 100% 100% 100%
20.Net profit %age to Receipts 4.08% 5.48% 7.18% 7.10% 7.76% 8.25% 7.95%
- 0.00 0.00 - - - -
ANALYSIS OF BALANCE SHEET
FORM III
(Rs. in Lacs)
PARTICULARS 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
CURRENT LIABILITIES
1 a) Short Term Borrowings form Banks
(including bills purchased & excess borrowings
placed on repayment basis)
I) From Applicant Banks 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
ii) From Other Banks. - - - - - - -
iii) (of which BP&BD) - - - - - - -
Sub Total (A) 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
2. Short Term Borrowing from Others - - - - - - -
3. Sundry Creditors(Trade) 3,576.74 3,219.06 4,284.63 4,202.66 4,202.66 4,202.66 4,202.66
4. Advance payments from Customers / Deposits from
- - - - - - -
Dealers
5. Provison for Taxations (Net of Adv Tax)
6. Dividend Payable - - - - -
7. Other Statutory Liabilities Paybles. - - - - - - -
(Due within one year)
8. Deposits / Instalments of Other Term Loans / DPG /
- - - - - - -
Debentures
9. Other Current Liabilities & Provisons 357.37 361.68 437.99 489.75 500.75 533.68 605.54
Sub Total (B) 3,934.11 3,580.74 4,722.63 4,692.42 4,703.41 4,736.35 4,808.21
10.TOTAL CURRENT LIABILITIES 9,934.11 9,580.74 10,722.63 10,692.42 10,703.41 10,736.35 10,808.21
(Sub total A+B)
FORM III
(Rs. in Lacs)
PARTICULARS 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
TERM LIABILITIES
11. Debentures (Not maturing within one year) - - - - - - -
12. Preference Shares (Repayble after one year) - - - - - - -
13. Term Loan ( Excluding instalments due within one year) 4,992.00 4,160.00 3,328.00 2,496.00 1,664.00 832.00 -
14. Defered Payment Credits excluding instalments due
- - - - - - -
within
15. oneDeposits
Term year / Loans from Sister Concerns (Repayable
- - - - - - -
after one year)
16. Other Term Liabilities - - - - - - -
17. TOTAL TERM LIAB( 11 OT 16) 4,992.00 4,160.00 3,328.00 2,496.00 1,664.00 832.00 -
18. TOTAL OUTSIDE LIABILITIES 14,926.11 13,740.74 14,050.63 13,188.42 12,367.41 11,568.35 10,808.21
(Total of 10+17)
NET WORTH
19. Share Capital 8,632.84 8,632.84 8,632.84 8,632.84 8,632.84 8,632.84 8,632.84
19.a. Unsecured Loans from Promoters - - - - - - -
(Including Share Premium)
20. Reserve & Surplus (296.18) 1,034.19 3,177.83 6,324.96 9,438.27 12,821.09 16,456.25
21. Capital Subsidy - - - - - - -
22. Other Reserves ( Excluding Provisions & Subsidies)
23. Surplus (+) or Deficit (-) in Profit & Loss 1,330.37 2,143.64 3,147.13 3,113.31 3,382.82 3,635.16 3,537.14
Deferred Tax Liability - - - - - - -
24. NET WORTH( Total of 19 to 23) 9,667.03 11,810.66 14,957.79 18,071.11 21,453.92 25,089.09 28,626.23
25. Total Liabilities(18+24) 24,593.13 25,551.41 29,008.42 31,259.52 33,821.34 36,657.43 39,434.43
Check - - - - - - -
- - - - - - -
FORM III
(Rs. in Lacs)
PARTICULARS 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
CURRENT ASSETS
26. Cash and Bank Balance 1,800.94 2,895.11 3,498.03 6,110.33 9,084.24 12,210.61 15,243.97
FDRs as margin for LCs / B.G
27. Investments (Other than long term)
I) Government & other trust secu.
ii) Fixed deposits with Banks - - - - - - -
28 I) Receivables other than Defered & Exports 5,432.50 5,962.50 7,662.92 7,873.81 7,993.06 8,148.75 8,304.44
( Including bills puchased by Banks )
ii) Exports Receivables - - - - - - -
( Including bills purchased / discounted )
29. Instalments of Defered Receivables
30. Inventory
I) Raw Material 3,219.06 3,219.06 4,202.66 4,202.66 4,202.66 4,202.66 4,202.66
(Including Stores & other items used in the process of
manufacture )
ii) Work - in - Process. 1,609.53 1,609.53 2,101.33 2,101.33 2,101.33 2,101.33 2,101.33
iii) Finished Goods 965.72 965.72 1,260.80 1,260.80 1,260.80 1,260.80 1,260.80
iv) Other Consumable Spares - - - - - - -
a) Imported - - - - - - -
b) Indigenous - - - - - - -
31. Advance to Suppliers of Raw materials & stores / spares - - - - - - -
32. Advance payment of Taxes - - - - - - -
33. Other Current Assets - - - - - - -
(Specify Major items)
34. TOTAL CURRENT ASSETS 13,027.75 14,651.92 18,725.74 21,548.94 24,642.10 27,924.16 31,113.20
(Total of 26 to 33)

FORM III
(Rs. in Lacs)
PARTICULARS 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
FIXED ASSETS
35. Gross Block 6,971.11 10,495.32 10,495.32 10,495.32 10,495.32 10,495.32 10,495.32
Add: Additions 3,524.21 - - - - - -
Less: Assets sold /W.off - - - - - - -
TOTAL 10,495.32 10,495.32 10,495.32 10,495.32 10,495.32 10,495.32 10,495.32
36. Depreciations 522.86 1,140.53 1,709.10 2,232.97 2,716.09 3,162.05 3,574.09
37.NET BLOCK 9,972.46 9,354.80 8,786.22 8,262.36 7,779.24 7,333.28 6,921.23
OTHER NON CURRENT ASSETS
38. Investments / Book Debts / Advances - - - - - - -
(Except current assets)
I) Investment in Subsidaries
ii)Others
iii)Advance to Suppliers of Capital Goods - - - - - - -
iv)Deferred Receivable ( Maturity more than six months ) - - - - - - -
v) Others : FD for Margin Money 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00
39. Non Consumable Stores & Spares - - - - - - -
40. Other Non-Current Assets including dues from Directors - - - - - - -
41. TOTAL OTHER NON CURRENT 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00
ASSETS( total of 38 to 40)
42. Intangible Assets (Patents,goodwill 192.92 144.69 96.46 48.23 - - -
( Patents, Goodwil;, Preliminary expenses, Bad / Doubt
Debts not provided for ect. )
43.TOTAL ASSETS( 34+37+41+42) 24,593.13 25,551.41 29,008.42 31,259.52 33,821.34 36,657.43 39,434.43
- - - - - - -
44. Tangible Net Worth( 24-42) 9,474.11 11,665.97 14,861.33 18,022.88 21,453.92 25,089.09 28,626.23
45. NET WORKING CAPITAL( 17+24 3,093.64 5,071.18 8,003.11 10,856.52 13,938.69 17,187.81 20,304.99
+37+41+42) to tally with (34-10) 3,093.64 5,071.18 8,003.11 10,856.52 13,938.69 17,187.81 20,304.99
46. Current Ratio ( item 34/10) 1.31 1.53 1.75 2.02 2.30 2.60 2.88
47. Total Outside Liabilities/ Tangible Net Worth ( 18/44) 1.58 1.18 0.95 0.73 0.58 0.46 0.38
ADDITIONAL INFORMATIONS
A. Arrears of Depreciations - - - - - - -
B. Contingent Liabilities
I) Arrears of Dividends - - - - - - -
COMPARATIVE STATEMENT OF COMPARISON

CURRENT ASSETS & CURRENT LIABILITIES
FORM IV
(Rs. in Lacs)
PARTICULARS 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
CURRENT ASSETS
1. Raw Material
( Including Stores & other items used in the process of
manufacturing )
a) Imported 1,287.62 1,287.62 1,681.07 1,681.07 1,681.07 1,681.07 1,681.07
Months Consumption 0.90 1.00 0.98 1.00 1.00 1.00 1.00
b) Indegenous 1,931.44 1,931.44 2,521.60 2,521.60 2,521.60 2,521.60 2,521.60
Months Consumption 0.90 1.00 0.98 1.00 1.00 1.00 1.00
2. Other Consumable Spares
a) Imported - - - - - - -
Months Consumption
b) Indegenous - - - - - - -
Months Consumption
3. Stock-in-Process 1,609.53 1,609.53 2,101.33 2,101.33 2,101.33 2,101.33 2,101.33
Months Cost of Production 0.44 0.40 0.41 0.40 0.39 0.39 0.38
4. Finished Goods 965.72 965.72 1,260.80 1,260.80 1,260.80 1,260.80 1,260.80
Months Cost of Sales 0.27 0.24 0.25 0.24 0.24 0.23 0.23
Goods in Transit
5.Receivables other than Exports & Deferred Receivables 5,432.50 5,962.50 7,662.92 7,873.81 7,993.06 8,148.75 8,304.44
( Including Bills purchased by the Banks )
Months Domestic Sales excluding Deferred Payment
1.50 1.50 1.50 1.50 1.50 1.50 1.50
Sales
6. Export Receivables - - - - - - -
( Inclui\ding Bills Purchased )
Months's Export Sales
7. Advance to Suppliers of Raw Material & Stores / Spares - - - - - - -

8. Other Current Assets including Cash, Bank & Deferred
1,800.94 2,895.11 3,498.03 6,110.33 9,084.24 12,210.61 15,243.97
Receivables due within one year )
9.TOTAL CURRENT ASSETS(1 TO 8) 13,027.75 14,651.92 18,725.74 21,548.94 24,642.10 27,924.16 31,113.20
To tally with item 34 of form III - - - - - - -
CURRENT LIABILITIES(except bank

( Except Bank Borrowing for Working Capital)
10. Trade Creditor for R / M, Stores etc. 3,576.74 3,219.06 4,284.63 4,202.66 4,202.66 4,202.66 4,202.66
Months Purchases 1.00 1.00 1.00 1.00 1.00 1.00 1.00
11. Advance from Customers - - - - - - -
12. Statutory Liabilities - - - - - - -
13. Other Current Liabilities 357.37 361.68 437.99 489.75 500.75 533.68 605.54
14. Total (From 10 to 13) 3,934.11 3,580.74 4,722.63 4,692.42 4,703.41 4,736.35 4,808.21
to tally with sub total (B) form III - - - - - - -
COMPUTATION OF PERMISSABLE BANK FINANCE FOR WORING CAPITAL
FORM V
(Rs. in Lacs)
PARTICULARS 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
First Method of Lending
1. Total Current Assets ( Form IV - 9 ) 13,027.75 14,651.92 18,725.74 21,548.94 24,642.10 27,924.16 31,113.20
2. Other Current Liabilities ( Other than Bank Borrowings)
3,934.11 3,580.74 4,722.63 4,692.42 4,703.41 4,736.35 4,808.21
( Form IV - 14 )
3. Working Capital Gap WCG ( 1 - 2 ) 9,093.64 11,071.18 14,003.11 16,856.52 19,938.69 23,187.81 26,304.99
4. Minimum stipulated Net Working Capital 2,273.41 2,767.79 3,500.78 4,214.13 4,984.67 5,796.95 6,576.25
( 25% of WCG excluding export recievables )
5. Actual / Projected Net Working Capital 3,093.64 5,071.18 8,003.11 10,856.52 13,938.69 17,187.81 20,304.99
( Form III - 45 )
6. Item 3 - Item 4 6,820.23 8,303.38 10,502.34 12,642.39 14,954.02 17,390.86 19,728.75
7. Item 3 - Item 5 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
8. Maximum Permissible Bank Finance 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
( Item 6 or 7 which ever is lower )
9. Excess borrowings representing shortfall in NWC
(4-5)
Second Method of Lending
1. Total Current Assets ( Form IV - 9 ) 13,027.75 14,651.92 18,725.74 21,548.94 24,642.10 27,924.16 31,113.20
2. Other Current Liabilities ( Other than Bank Borrowings)
3,934.11 3,580.74 4,722.63 4,692.42 4,703.41 4,736.35 4,808.21
( Form IV - 14 )
3. Working Capital Gap WCG ( 1 - 2 ) 9,093.64 11,071.18 14,003.11 16,856.52 19,938.69 23,187.81 26,304.99
4. Minimum stipulated Net Working Capital 3,256.94 3,662.98 4,681.44 5,387.23 6,160.52 6,981.04 7,778.30
( 25% of Current Assets excluding export recievables )
5. Actual / Projected Net Working Capital 3,093.64 5,071.18 8,003.11 10,856.52 13,938.69 17,187.81 20,304.99
( Form III - 45 )
6. Item 3 - Item 4 5,836.71 7,408.20 9,321.68 11,469.29 13,778.16 16,206.77 18,526.69
7. Item 3 - Item 5 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
8. Maximum Permissible Bank Finance 5,836.71 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
( Item 6 or 7 which ever is lower )
9. Excess borrowings representing shortfall in NWC
(4-5)
FUND FLOW STATEMENT
FORM VI
(Rs. in Lacs)
PARTICULARS 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
1. SOURCES
Profit Before Tax 1,330.37 2,615.21 4,402.87 4,472.13 4,963.22 5,380.54 5,279.31
Depreciation 541.09 665.90 616.80 572.09 531.35 445.96 412.05
Gross Fund Generated 1,871.46 3,281.11 5,019.67 5,044.22 5,494.57 5,826.50 5,691.36
Less Taxes paid - 471.57 1,255.74 1,358.82 1,580.41 1,745.38 1,742.17
Less Devidend Paid/Payable - - - - - - -
A. Sub total : Net fund Generated 1,871.46 2,809.54 3,763.94 3,685.41 3,914.17 4,081.12 3,949.19
Increase in Capital 5,059.77 - - - - - -
Increase in Term Loan 700.00 - - - - - -
Increase in Unsecured Loans - - - - - - -
Decrease in Fixed Assets - - - - - - -
Decrease Other Non Current Assets - - - - - - -
B. Sub Total 5,759.77 - - - - - -
Increase in Short Term Bank Borrowings 6,000.00 - - - - - -
Increase in Other Current Liabilities 3,934.11 - 1,141.88 - - - 71.86
Decrease in Inventory - - - - - - -
Decrease in Receivables - - - - - - -
Decrease in Other Current Assets - (1,094.17) (602.92) - - - -
Sub Total 9,934.11 (1,094.17) 538.97 - - - 71.86
Total Fund Avaible 17,565.33 1,715.36 4,302.90 3,685.41 3,914.17 4,081.12 4,021.05
Less :
Increase in Fixed Assets 3,524.21 - - - - - -
Decrease in Term Loan 208.00 832.00 832.00 832.00 832.00 832.00 832.00
Decrease in Unsecured Loans - - - - - - -
Increase in Inter-Corpn.Invtn & Adv. - - - - - - -
Increase in Other Non Current Assets 1,400.00
Sub Total 5,132.21 832.00 832.00 832.00 832.00 832.00 832.00
Decrease in Short Term Bank Borrowings - - - - - - -
Decrease in Current Liabilities - 353.36 - 30.21 (11.00) (32.94) -
Increase in Inventory 5,794.31 - 1,770.48 - - - -
Increase in Receivables 5,432.50 530.00 1,700.42 210.90 119.25 155.69 155.69
Increase in Other Current Assets 1,206.31 - - 2,612.30 2,973.91 3,126.37 3,033.36
E. Sub Total 12,433.12 883.36 3,470.90 2,853.41 3,082.17 3,249.12 3,189.05
Less : Depreciation
Balance : Gross funds lost (-) or Gross
funds generated (+)
Add: Taxes Paid/ Payable
Add: Dividend Paid/ Payable
F. Sub Total - - - - - - -
Total Fund Used 17,565.33 1,715.36 4,302.90 3,685.41 3,914.17 4,081.12 4,021.05
- (0.00) - - - - -
Summary
(Rs. in Lacs)
PARTICULARS 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
Long Term Sources 7,631.22 2,809.54 3,763.94 3,685.41 3,914.17 4,081.12 3,949.19
Less : Long Term Uses 5,132.21 832.00 832.00 832.00 832.00 832.00 832.00
Gross : (+)/ Shortfall (-) 2,499.01 1,977.54 2,931.94 2,853.41 3,082.17 3,249.12 3,117.19
Short Term Sources 9,934.11 (1,094.17) 538.97 - - - 71.86
Less : Short Term Uses 12,433.12 883.36 3,470.90 2,853.41 3,082.17 3,249.12 3,189.05
Gross : (+)/ Shortfall (-) (2,499.01) (1,977.54) (2,931.94) (2,853.41) (3,082.17) (3,249.12) (3,117.19)
- (0.00) (0.00) - - - -
CASH FLOW STATEMENT:

(Rs in Lacs)
Cash Outflows: 2009 - 10 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
Capital Expenditure
Project Expenditure 1,916.21 5,055.19 3,494.21 - - - - - -
Pre Operative Expenses 90.48 120.67 30.00
Total Capital Expenditure 2,006.69 5,175.86 3,524.21 - - - - - -
Debt Servicing Obligations:

Principal Repayments - 208.00 832.00 832.00 832.00 832.00 832.00 832.00
Interest on term loans - 503.62 594.88 486.72 378.56 270.40 162.24 54.08
Interest on working capital borrowings - 607.50 810.00 810.00 810.00 810.00 810.00 810.00
Total Debt Servicing Obligations - - 1,319.12 2,236.88 2,128.72 2,020.56 1,912.40 1,804.24 1,696.08
LC/BG Margin Money - - 1,400.00
Dividend Payout - - - - - - - - -
Total Cashoutflows 2,006.69 5,175.86 6,243.33 2,236.88 2,128.72 2,020.56 1,912.40 1,804.24 1,696.08
Cash Inflows:
Capital inflows:
Debt 4,500.00 700.00 - - - - - -
Equity investment 1,774.86 1,478.84 5,059.77 - - - - - -
Unsecured Loans: Promoters
(Decrease) / Increase in WC borrowings - 6,000.00 - - - - - -
Total capital inflows 1,774.86 5,978.84 11,759.77 - - - - - -
Cash from Operations:

PBDIT (45.40) - 2,982.58 4,685.99 6,316.39 6,232.78 6,574.97 6,798.74 6,555.44
Less: Income Tax paid - - 471.57 1,255.74 1,358.82 1,580.41 1,745.38 1,742.17
Less: Dividend - - - - - - - -
Net Cash from Operations (45.40) - 2,982.58 4,214.42 5,060.66 4,873.97 4,994.57 5,053.36 4,813.27
Decrease / (Increase) in current assets 0.92 (1.78) 11,226.81 530.00 3,470.90 210.90 119.25 155.69 155.69
(Decrease) / Increase in current liabilities 962.14 (906.54) 3,934.11 (353.36) 1,141.88 (30.21) 11.00 32.94 71.86
Change in WC (961.22) 904.76 7,292.71 883.36 2,329.02 241.11 108.25 122.75 83.83
Net Cash from Operations after WC changes 915.82 (904.76) (4,310.13) 3,331.05 2,731.64 4,632.86 4,886.31 4,930.61 4,729.44
Total Cash Inflows 2,690.68 5,074.08 7,449.64 3,331.05 2,731.64 4,632.86 4,886.31 4,930.61 4,729.44
Net Cash Surplus / (Deficit) 683.99 (101.78) 1,206.31 1,094.17 602.92 2,612.30 2,973.91 3,126.37 3,033.36
Opening Cash Balance 12.42 696.41 594.63 1,800.94 2,895.11 3,498.03 6,110.33 9,084.24 12,210.61
Closing Cash Balance 696.41 594.63 1,800.94 2,895.11 3,498.03 6,110.33 9,084.24 12,210.61 15,243.97
Balance Sheet (Rs in Lacs)
2009 - 10 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18

Assets
Inventory & Receivables 1.78 - 11,226.81 11,756.81 15,227.71 15,438.61 15,557.86 15,713.55 15,869.23
Bank Balance 696.41 594.63 1,800.94 2,895.11 3,498.03 6,110.33 9,084.24 12,210.61 15,243.97
Margin Money LC/GG - 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00
Total Current Assets 698.19 594.63 14,427.75 16,051.92 20,125.74 22,948.94 26,042.10 29,324.16 32,513.20
Fixed Assets (Net block) 1,915.92 6,971.11 9,972.46 9,354.80 8,786.22 8,262.36 7,779.24 7,333.28 6,921.23
Pre Operative Exp 90.48 211.15 192.92 144.69 96.46 48.23 - - -
Total Assets 2,704.59 7,776.89 24,593.13 25,551.41 29,008.42 31,259.52 33,821.34 36,657.43 39,434.43
Liabilities
Current Liabilities - Expenses 906.24 - 357.37 361.68 437.99 489.75 500.75 533.68 605.54
Current Liabilities - Trade 0.30 - 3,576.74 3,219.06 4,284.63 4,202.66 4,202.66 4,202.66 4,202.66
Total Current Liabilities 906.54 - 3,934.11 3,580.74 4,722.63 4,692.42 4,703.41 4,736.35 4,808.21
Debt 4,500.00 4,992.00 4,160.00 3,328.00 2,496.00 1,664.00 832.00 -
Shareholder's equity 2,094.23 3,573.07 8,632.84 8,632.84 8,632.84 8,632.84 8,632.84 8,632.84 8,632.84
Bank Borrowings - 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Unsecured Loan (Promoters) - - - - - - - -
Retained Earnings (296.18) (296.18) 1,034.19 3,177.83 6,324.96 9,438.27 12,821.09 16,456.25 19,993.39
Total Liabilities 2,704.59 7,776.89 24,593.13 25,551.41 29,008.42 31,259.52 33,821.34 36,657.43 39,434.43
Diff - - - - - - - - -
- -
28,626.23
23.19
Working Capital Calculation
Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8
Projected working capital statement
INR Lacs
Year no. 1 2 3 4 5 6 7 8
Financial year ending 31st March 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
No. of months 0 9 12 12 12 12 12 12
Current assets
Inventories
Raw material 1.00 Months - 3,219.06 3,219.06 4,202.66 4,202.66 4,202.66 4,202.66 4,202.66
WIP 0.50 Months - 1,609.53 1,609.53 2,101.33 2,101.33 2,101.33 2,101.33 2,101.33
Finished goods 0.30 Months - 965.72 965.72 1,260.80 1,260.80 1,260.80 1,260.80 1,260.80
Recievables 1.50 Months - 5,432.50 5,962.50 7,662.92 7,873.81 7,993.06 8,148.75 8,304.44
Total current assets - 11,226.81 11,756.81 15,227.71 15,438.61 15,557.86 15,713.55 15,869.23
LC/BG Margin Money - 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00
Inc. in Margin Money - 1,400.00 - - - - - -
Current liabilities
Creditors 1.00 Months - 3,576.74 3,219.06 4,284.63 4,202.66 4,202.66 4,202.66 4,202.66
Expenses 1.00 Months - 357.37 361.68 437.99 489.75 500.75 533.68 605.54
Net current assets - 8,692.71 9,576.07 11,905.09 12,146.19 12,254.45 12,377.20 12,461.02
Change 8,692.71 883.36 2,329.02 241.11 108.25 122.75 83.83
MPBF 25% - 6,519.53 7,182.05 8,928.81 9,109.64 9,190.84 9,282.90 9,345.77

Bank borrowings - 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
6,000.00 - - - - - -
Interest on bank borrowings 13.50% - 607.50 810.00 810.00 810.00 810.00 810.00 810.00
Working Capital Margin - 2,806.70 2,939.20 3,806.93 3,859.65 3,889.46 3,928.39 3,967.31
WORKING FOR NON FUND BASED LIMITS
(Rs. in Lacs)
2011-12
Earnest Money Deposit

Order Value to be Bid -
BG Value 5% -
Performance BG
Order Value 75% 47,700.00
BG Value 10% 4,770.00
Margin Money 10% 477.00
Advance Payment Bank Guarantee

Order Value -
BG Value -
Waranty Period Bank Guarantee

Order Value -
BG Value -
BG Value
- EMD -
- Performance 4,000.00
- Advance -
- Warranty -
TOTAL 4,000.00
LC (ILC/ FLC)
Particulars Imported Indigenious Total
Annual Raw Material consumption 11,588.62 19,314.37 30,903.00

Add : Closing Stock of raw material - -
Less: Opening Stock of raw material - - -
Raw Material purchases 11,588.62 19,314.37 30,903.00
-
RM to be procured under L/C 100% 75%
RM Requirement per Month 965.72 1207.15 2,172.87
Lead Time 4 3
Usance Time 0 2
Total Period (In Month) 4 5 9.00
(Lead time and usance together) -
L/C requirement per cycle 3,862.87 6,035.74 9,898.62
L/C limit Requirment (say) 3,900.00 6,100.00 10,000.00
Total L/C Limit Requirement 10,000.00 10,000.00
-
Total NFB Limit (LC & BG) 14,000.00 14,000.00
Total NFB Limit - Recommended

(LC Limit of Rs. 50 Cr as a sub limit of BG Limit)
BREAK EVEN POINT
(Rs. in Lacs)
PARTICULARS 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17
CAPACITY UTILISATION 56% 75% 98% 98% 98% 98%

SALES REALIZATION 32,693.00 47,798.00 61,401.33 63,088.50 64,042.50 65,288.00
VARIABLE COST
Raw Material 26,396.31 38,628.75 49,645.09 50,431.98 50,431.98 50,431.98
Consumables - - - - - -
Utilities 375.00 550.00 605.00 665.50 732.05 805.26
Sales Expenses 1,285.37 1,593.16 1,993.67 2,167.77 1,780.12 1,737.48
Royalty 180.00 180.00 180.00 180.00 180.00 -
Repair & Maintenace 375.00 550.00 660.00 792.00 950.40 1,140.48
O & M Cost - - - 357.75 834.75 1,457.50
Insurance for Generation Guarantee 162.98 238.50 306.52 314.95 319.72 325.95
Power Curve Guarantee 162.98 238.50 306.52 314.95 319.72 325.95
Interest on Working Capital 607.50 810.00 810.00 810.00 810.00 810.00
TOTAL 29,545.14 42,788.91 54,506.79 56,034.90 56,358.74 57,034.59
CONTRIBUTION 3,147.86 5,009.09 6,894.54 7,053.60 7,683.76 8,253.41
FIXED COST
Factory Expenses 300.00 440.00 528.00 633.60 760.32 912.38
Manpower 375.00 550.00 660.00 792.00 950.40 1,140.48
Administrative Expenses 97.79 143.10 200.15 205.21 208.07 211.81
Interest on Term Loan 503.62 594.88 486.72 378.56 270.40 162.24
Depreciation 492.86 617.67 568.57 523.86 483.12 445.96
Preliminary Expenses W'O 48.23 48.23 48.23 48.23 48.23 -
TOTAL F EXP 1,817.49 2,393.88 2,491.67 2,581.47 2,720.54 2,872.87
CASH F EXP 1,276.41 1,727.98 1,874.87 2,009.37 2,189.19 2,426.91
Tally - - - - - -
Break Even Point 32.48% 35.84% 35.39% 35.84% 34.67% 34.08%
Cash Break Even Point 22.81% 25.87% 26.63% 27.89% 27.90% 28.79%
INTERNAL RATE OF RETURN
PARTICULARS 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18

2018-19
Profit Before Tax - 1,330.37 2,615.21 4,402.87 4,472.13 4,963.22 5,380.54 5,279.31 5,279.31
Depreciation/Exp. Written off - 492.86 617.67 568.57 523.86 483.12 445.96 412.05 412.05
Interest - 503.62 594.88 486.72 378.56 270.40 162.24 54.08 54.08
Residual Value
CASH INFLOW (PRE TAX) - 2,326.85 3,827.76 5,458.16 5,374.55 5,716.74 5,988.74 5,745.44 5,745.44
Tax - - 471.57 1,255.74 1,358.82 1,580.41 1,745.38 1,742.17 1,742.17
CASH INFLOW (POST TAX) - 2,326.85 3,356.19 4,202.43 4,015.74 4,136.34 4,243.36 4,003.27 4,003.27
CASH OUTFLOW 6,971.11 15,628.16 530.00 3,470.90 210.90 119.25 155.69 155.69 155.69
NET CASH FLOW (PRE TAX) (6,971.11) (13,301.32) 3,297.76 1,987.26 5,163.66 5,597.49 5,833.05 5,589.75 5,589.75
IRR (PRE TAX) 21.56%
NET CASH FLOW (POST TAX) (6,971.11) (13,301.32) 2,826.19 731.52 3,804.84 4,017.09 4,087.67 3,847.58 3,847.58
IRR (POST TAX) 16.41%
INTERNAL RATE OF RETURN

(Amount in Rs. Lakh)
PARTICULARS Impl.Years 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
Profit after tax 1,330.37 2,143.64 3,147.13 3,113.31 3,382.82 3,635.16 3,537.14
Depreciation 492.86 617.67 568.57 523.86 483.12 445.96 412.05
Amortised Expenses 48.23 48.23 48.23 48.23 48.23 - -

Interest on term loan 503.62 594.88 486.72 378.56 270.40 162.24 54.08
Tax - 471.57 1,255.74 1,358.82 1,580.41 1,745.38 1,742.17
Cash inflow (Post tax) 0 2,375.08 3,404.42 4,250.66 4,063.97 4,184.57 4,243.36 4,003.27
Cash inflow (Pre tax) 0 2,375.08 3,875.99 5,506.39 5,422.78 5,764.97 5,988.74 5,745.44
Fixed Assets Selvedge Value 6,921.23
Net Current Assets
Cash outflow 10,706.76 0 0 0 0 0 0 0
Net Cash Flow (Pre Tax) (10,706.76) 2,375.08 3,875.99 5,506.39 5,422.78 5,764.97 5,988.74 12,666.67
IRR (Pre Tax) 37.96%
Net Cash Flow (Post Tax) (10,706.76) 2,375.08 3,404.42 4,250.66 4,063.97 4,184.57 4,243.36 10,924.50
IRR (Post Tax) 30.78%
COST OF CAPITAL
COST OF FUNDS TOTAL COST

MEANS OF FINANCE RATE AMOUNT (POST TAX)

A B C D=B X C
EQUITY CAPITAL 12.50% 8,313.47 8.92% 741.28
TERM LOAN @ 13.00% 5,200.00 9.27% * 482.21
TOTAL 13,513.47 1,223.48
* COST OF FUNDS = INTEREST RATE ( 1- EFFECTIVE TAX RATE)
EFFECTIVE TAX RATE = TOTAL TAX FOR THE PERIOD / TOTAL PRE TAX PROFITS 28.67%
WEIGHTED AVERAGE COST OF CAPITAL (POST TAX) = 1,223.48 9.05% 9.05%

13,513.47
(Rs. in Lacs)
TOTAL
2019-20 2020-21 2021-22 2022-23
5,279.31 5,279.31 5,279.31 5,279.31 28,443.65
412.05 412.05 412.05 412.05 3,544.09
54.08 54.08 54.08 54.08 2,450.50
28,626.23 28,626.23
5,745.44 5,745.44 5,745.44 34,371.66 63,064.47
1,742.17 1,742.17 1,742.17 1,742.17 8,154.08
4,003.27 4,003.27 4,003.27 32,629.49 54,910.39
155.69 155.69 155.69 155.69 27,241.70
5,589.75 5,589.75 5,589.75 34,215.98 35,822.77
3,847.58 3,847.58 3,847.58 32,473.80 27,668.69

(Rs. in Lacs)
DEBT SERVICE COVERAGE RATIO: 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18 Total
A)PROFIT AFTER TAX 1,330.37 2,143.64 3,147.13 3,113.31 3,382.82 3,635.16 3,537.14 20,289.57
DEPRECIATION 492.86 617.67 568.57 523.86 483.12 445.96 412.05 3,544.09
INTEREST 503.62 594.88 486.72 378.56 270.40 162.24 54.08 2,450.50
TOTAL OF( A) 2,326.85 3,356.19 4,202.43 4,015.74 4,136.34 4,243.36 4,003.27 26,284.16
B) TERM LOAN INSTALLMENT 208.00 832.00 832.00 832.00 832.00 832.00 832.00 5,200.00
(PRINCIPAL COMPONENT)
INTEREST 503.62 594.88 486.72 378.56 270.40 162.24 54.08 2,450.50
TOTAL OF( B) 711.62 1,426.88 1,318.72 1,210.56 1,102.40 994.24 886.08 7,650.50
DSCR: A/B 3.27 2.35 3.19 3.32 3.75 4.27 4.52 3.44
AVERAGE DSCR : 3.44
Loan Schedule Monthly

(Rs. in Lacs)
1 2010 - 11 April May June July August September October November December January February March
Loan Repayment Month
Door to Door Tenure 1 2 3 4
Financial Year Ending 31st March 2010 2010 2010 2010 2010 2010 2010 2010 2010 2011 2011 2011
Term Loan Schedule

Opening Balance (INR Rs Lacs) - - - - - - - - - - - 2,500.00
Additions - - - - - - - - - 2,500.00 2,000.00
Repayment - - - - - - - - - - - -
Closing Balance - - - - - - - - - - 2,500.00 4,500.00
Interest on Loan - - - - - - - - - - 13.54 37.92
Loan Repayment Month 1 2 3
Door to Door Tenure 5 6 7 8 9 10 11 12 13 14 15 16
Term Loan Schedule

Opening Balance (INR Rs Lacs) 4,500.00 4,850.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,130.67 5,061.33
Additions 350.00 350.00 - - - - - - - - - -
Repayment - - - - - - - - - 69.33 69.33 69.33
Closing Balance 4,850.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,130.67 5,061.33 4,992.00
Interest on Loan 50.65 54.44 56.33 56.33 56.33 56.33 56.33 56.33 56.33 55.96 55.21 54.46
Loan Repayment Month 4 5 6 7 8 9 10 11 12 13 14 15
Term Loan Schedule

Additions - - - - - - - - - - - -
Repayment 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33
Closing Balance 4,922.67 4,853.33 4,784.00 4,714.67 4,645.33 4,576.00 4,506.67 4,437.33 4,368.00 4,298.67 4,229.33 4,160.00
Interest on Loan 53.70 52.95 52.20 51.45 50.70 49.95 49.20 48.45 47.70 46.94 46.19 45.44
Term Loan Schedule

Additions - - - - - - - - - - - -
Repayment 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33
Closing Balance 4,090.67 4,021.33 3,952.00 3,882.67 3,813.33 3,744.00 3,674.67 3,605.33 3,536.00 3,466.67 3,397.33 3,328.00
Interest on Loan 44.69 43.94 43.19 42.44 41.69 40.94 40.18 39.43 38.68 37.93 37.18 36.43
Term Loan Schedule

Additions - - - - - - - - - - - -
Repayment 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33
Closing Balance 3,258.67 3,189.33 3,120.00 3,050.67 2,981.33 2,912.00 2,842.67 2,773.33 2,704.00 2,634.67 2,565.33 2,496.00
Interest on Loan 35.68 34.93 34.18 33.42 32.67 31.92 31.17 30.42 29.67 28.92 28.17 27.42
Term Loan Schedule

Additions - - - - - - - - - - - -
Repayment 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33
Closing Balance 2,426.67 2,357.33 2,288.00 2,218.67 2,149.33 2,080.00 2,010.67 1,941.33 1,872.00 1,802.67 1,733.33 1,664.00
Interest on Loan 26.66 25.91 25.16 24.41 23.66 22.91 22.16 21.41 20.66 19.90 19.15 18.40
Term Loan Schedule

Opening Balance (INR Rs Lacs) 1,664.00 1,594.67 1,525.33 1,456.00 1,386.67 1,317.33 1,248.00 1,178.67 1,109.33 1,040.00 970.67 901.33
Additions - - - - - - - - - - - -
Repayment 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33
Closing Balance 1,594.67 1,525.33 1,456.00 1,386.67 1,317.33 1,248.00 1,178.67 1,109.33 1,040.00 970.67 901.33 832.00
Interest on Loan 17.65 16.90 16.15 15.40 14.65 13.90 13.14 12.39 11.64 10.89 10.14 9.39

Term Loan Schedule

Opening Balance (INR Rs Lacs) 832.00 762.67 693.33 624.00 554.67 485.33 416.00 346.67 277.33 208.00 138.67 69.33
Additions - - - - - - - - - - - -
Repayment 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33 69.33
Closing Balance 762.67 693.33 624.00 554.67 485.33 416.00 346.67 277.33 208.00 138.67 69.33 0.00
Interest on Loan 8.64 7.89 7.14 6.38 5.63 4.88 4.13 3.38 2.63 1.88 1.13 0.38
Loan Schedule Yearly
Term Loan Schedule Yearly 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
Total (INR Lacs)
Opening Balance - 4,500.00 4,992.00 4,160.00 3,328.00 2,496.00 1,664.00 832.00
Additions 4,500.00 700.00 - - - - - -
Repayments - 208.00 832.00 832.00 832.00 832.00 832.00 832.00
Closing Balance 4,500.00 4,992.00 4,160.00 3,328.00 2,496.00 1,664.00 832.00 -
Working Capital Loan Schedule Yearly 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
Total (INR Lacs)
Opening Balance - - 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Additions - 6,000.00 - - - - - -
Repayments
Closing Balance - 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Year wise interest schd 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
Total (INR Lacs)
Interest on Loan - 503.62 594.88 486.72 378.56 270.40 162.24 54.08
Interest on WC - 607.50 810.00 810.00 810.00 810.00 810.00 810.00
Tax Calculation
Tax Calculation Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Column1 Column2

2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
EBITDA - 2,982.58 4,685.99 6,316.39 6,232.78 6,574.97 6,798.74 6,555.44
EBIT - 866.46 3,069.20 5,077.06 5,279.23 5,838.15 6,226.64 6,108.82
PBT - (244.66) 1,664.32 3,780.34 4,090.67 4,757.75 5,254.40 5,244.74
Setof of Unabsorbed Depreciation - - (244.66) - - - - -
Taxable Profits - - 1,419.66 3,780.34 4,090.67 4,757.75 5,254.40 5,244.74
Tax as per MAT - - 299.58 680.46 736.32 856.40 945.79 944.05
Tax as per 80A - - 471.57 1,255.74 1,358.82 1,580.41 1,745.38 1,742.17
Tax Payable - - 471.57 1,255.74 1,358.82 1,580.41 1,745.38 1,742.17
PBT - 1,330.37 2,615.21 4,402.87 4,472.13 4,963.22 5,380.54 5,279.31 28,443.65

Dep as per Co Act - 492.86 617.67 568.57 523.86 483.12 445.96 412.05 3,544.09
Dep as per I T Act - 2,116.12 1,616.79 1,239.33 953.56 736.82 572.10 446.62 7,681.34
PBT - (292.89) 1,616.09 3,732.11 4,042.44 4,709.52 5,254.40 5,244.74 24,306.41

C F Losses -
PBT - (292.89) 1,616.09 3,732.11 4,042.44 4,709.52 5,254.40 5,244.74 24,306.41
Tax as per MAT - - - - - - - - -

Tax as per 80A - - 536.82 1,239.71 1,342.80 1,564.39 1,745.38 1,742.17 8,171.27
Tax Payable - - 536.82 1,239.71 1,342.80 1,564.39 1,745.38 1,742.17 8,171.27
000000R K Wind Limited, New Delhi 00000012/08/2021
Book Depreciation Schedule

(Rs. in Lacs)
2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
Land Value Rate

Gross Block 813.00 0% - - 813.00 813.00 813.00 813.00 813.00 813.00
Addition - 813.00 - - - - - -
Depreciation - - - - - - - -
Net Block 813.00 813.00 813.00 813.00 813.00 813.00 813.00
Plant and Machinery 3,998.39 5.28%

Gross Block - - 3,840.06 3,637.30 3,445.25 3,263.34 3,091.04 2,927.83
Addition - 3,998.39 - - - - - -
Depreciation - 158.34 202.76 192.05 181.91 172.30 163.21 154.59
Net Block - 3,840.06 3,637.30 3,445.25 3,263.34 3,091.04 2,927.83 2,773.24
Technology 3,674.00 10.34%

Gross Block - - 3,389.08 3,038.65 2,724.45 2,442.75 2,190.17 1,963.70
Addition - 3,674.00 - - - - - -
Depreciation - 284.92 350.43 314.20 281.71 252.58 226.46 203.05
Net Block - 3,389.08 3,038.65 2,724.45 2,442.75 2,190.17 1,963.70 1,760.66
Factory Building 1,980.22 3.34%

Gross Block - - 1,930.62 1,866.13 1,803.80 1,743.56 1,685.32 1,629.03
Addition - 1,980.22 - - - - - -
Depreciation - 49.60 64.48 62.33 60.25 58.23 56.29 54.41
Net Block - 1,930.62 1,866.13 1,803.80 1,743.56 1,685.32 1,629.03 1,574.62
Total
Gross Block - - 9,972.75 9,355.09 8,786.51 8,262.65 7,779.53 7,333.57
Addition - 10,465.61 - - - - - -
Depreciation - 492.86 617.67 568.57 523.86 483.12 445.96 412.05
Net Block - 9,972.75 9,355.09 8,786.51 8,262.65 7,779.53 7,333.57 6,921.52
Depreciation Schedule - Yearly

Book Depreciation (SLM) Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8
2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
Total (INR Lacs)
Gross Block - - 9,972.75 9,355.09 8,786.51 8,262.65 7,779.53 7,333.57
Addition - 10,465.61 - - - - - -
Depreciation - 492.86 617.67 568.57 523.86 483.12 445.96 412.05
Net Block - 9,972.75 9,355.09 8,786.51 8,262.65 7,779.53 7,333.57 6,921.52
Tax Depreciation Schedule
(Rs. in Lacs)
2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
Land Value Rate
Opening Block 81.3 0% - 81.30 81.30 81.30 81.30 81.30 81.30
Addition 81.30 - - - - -
Depreciation - - - - - - - -
Closing Block - 81.30 81.30 81.30 81.30 81.30 81.30 81.30
Plant and Machinery 3,998.39 25.00%

Opening Block - 2,998.80 2,249.10 1,686.82 1,265.12 948.84 711.63
Addition 3,998.39 - - - - - -
Depreciation - 999.60 749.70 562.27 421.71 316.28 237.21 177.91
Closing Block - 2,998.80 2,249.10 1,686.82 1,265.12 948.84 711.63 533.72
Technology 3,674.00 25.00%

Opening Block - 2,755.50 2,066.63 1,549.97 1,162.48 871.86 653.89
Addition - 3,674.00 - - - - - -
Depreciation - 918.50 688.88 516.66 387.49 290.62 217.96 163.47
Closing Block - 2,755.50 2,066.63 1,549.97 1,162.48 871.86 653.89 490.42
Factory Building 1,980.22 10.00%

Opening Block - - 1,782.20 1,603.98 1,443.58 1,299.22 1,169.30 1,052.37
Addition - 1,980.22 - - - - - -
Depreciation - 198.02 178.22 160.40 144.36 129.92 116.93 105.24
Closing Block - 1,782.20 1,603.98 1,443.58 1,299.22 1,169.30 1,052.37 947.13
Total
Opening Block - - 7,617.79 6,001.00 4,761.67 3,808.12 3,071.30 2,499.19
Addition - 9,733.91 - - - - - -
Depreciation - 2,116.12 1,616.79 1,239.33 953.56 736.82 572.10 446.62
Closing Block - 7,617.79 6,001.00 4,761.67 3,808.12 3,071.30 2,499.19 2,052.57
Depreciation Schedule - Yearly

Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8
2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
Total (INR Lacs)
Opening Block - - 7,617.79 6,001.00 4,761.67 3,808.12 3,071.30 2,499.19
Addition - 9,733.91 - - - - - -
Depreciation - 2,116.12 1,616.79 1,239.33 953.56 736.82 572.10 446.62
Closing Block - 7,617.79 6,001.00 4,761.67 3,808.12 3,071.30 2,499.19 2,052.57
W Capital Justification :
Finalisation of P Order 7 Days
Development of Prototype 40 Days
Testing of Prototypes 7 Days
Accredated Certification 6 Days
Commercial Production 10 Days
Packing,Dispatch to port of Landing &
Transit time Through Sea Route
upto port of Landing in India 30 Days
Total Lead Time Upto Arrival in 100 Sub Total (1)
India to be preferably covered by
Non Fund Base Limits
Fund Based W Cap:

Negotiation of Documents upon Pmt 5 Days
Onward Road Tpt to Factory 7 Days
Assambly of Turbine 7 Days
Dispatch to Sites 7 Days
Commissioning & Testing 7 Days
33
Total Purchases #REF!

Avg Purchases under LC Arrangement
Say 100 Days #REF!
Avg Paid Stock :
Raw material 1.00 Months -
WIP 0.50 Months -
Finished goods 0.30 Months -
-
Recievables -
Other C Assets -
Total C Assets -
Less Creditors -
W Capital Gap ( Fund Based): -
Less 25% Margin -
W Capital Assistence ( Fund Based): -
Profit and Loss Statement

2010 - 11
Month April May June July August September October November December January February March Total
2010 2010 2010 2010 2010 2010 2010 2010 2010 2011 2011 2011
Production
Type 1 Machine
Number Of Machines 0 0 0 0 0 0 0 0 0 0 0 0 0
Weighted Avg Cost Of Machine (Rs Lacs) - - - - - - - - - - - - -
Royalty Blade -
Net Cost of Type 1 Machines - - - - - - - - - - - - -
Type 2 Machine
Total Machines Produced 0 0 0 0 0 0 0 0 0 0 0 0 0
Expenditure (INR in Lacs)

Total Machine related Expenditure including Inc. in Inventory - - - - - - - - - - - - -
Electricity Costs - - - - - - - - - - - - -
Manpower Costs - - - - - - - - - - - - -
Bank Guarantee and LC costs - - - - - - - - - - - - -
Admin Overheads - - - - - - - - - - - - -
Repairs and Maintenance - - - - - - - - - - - - -
Transportation - - - - - - - - - - - - -
1% Insurance - - - - - - - - - - - - -
Other Manufacturing Expenses - - - - - - - - - - - - -
0.50% Insurance for Generation Guarantee - - - - - - - - - - - - -
0.50% Power Curve Guarantee - - - - - - - - - - - - -
Royalty For WTG - - - - - - - - - - - - -
Royalty For Hub - - - - - - - - - - - - -
Royalty For Nacelle - - - - - - - - - - - - -
0% O&M Expenditure after 3 years - - - - - - - - - - - - -
Total Operating Expenditure (INR Lacs) - - - - - - - - - - - - -
Sales -
Production 0 0 0 0 0 0 0 0 0 0 0 0 0
WIP 0 0 0 0
FG 0 0 0 0
Sale 0 0 0 0
Sales Price Per Machine (INR Lacs) 265.00 265.00 265.00 265.00 265.00 265.00 265.00 265.00 265.00 265.00 265.00 265.00 265.00
Sales form MC - - - - - - - - - - - - -
2% O&M Revenue -
Total Sales (INR Lacs) - - - - - - - - - - - - -
Total Sales Revenue (INR Lacs) - - - - - - - - - - - - -

EBIDTA Calculations INR Lacs
Net Revenue - - - - - - - - - - - - -
Net Operations Expenditure - - - - - - - - - - - - -
Inc.in inventory - -
EBIDTA - - - - - - - - - - - - -
2011 - 12
Month No. April May June July August September October November December January February March Total
2011 2011 2011 2011 2011 2011 2011 2011 2011 2012 2012 2012
Production
Type 1 Machine
Weighted Avg Cost Of Machine (Rs Lacs) 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60
Royalty Blade -
Net Cost of Type 1 Machines - - - 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 28,971.56
Type 2 Machine
Weighted Avg Cost Of Machine (Rs Lacs) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Cost of Type 2 Machines 0 0 0 0 0 0 0 0 0 0 0 0 0

Total Machine related Expenditure including Inc. in Inventory - - - 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 6,438.12 32,190.62
Electricity Costs - - - 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 375.00
Manpower Costs - - - 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 375.00
Bank Guarantee and LC costs - - - 2.39 11.93 11.93 11.93 11.93 11.93 11.93 11.93 11.93 97.79
Admin Overheads - - - 8.33 8.33 8.33 8.33 8.33 8.33 8.33 8.33 8.33 75.00
Repairs and Maintenance - - - 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 375.00
Transportation - - - 98.72 98.72 98.72 98.72 98.72 98.72 98.72 98.72 98.72 888.47
1% Insurance - - - 32.19 32.19 32.19 32.19 32.19 32.19 32.19 32.19 64.38 321.91
Other Manufacturing Expenses - - - 33.33 33.33 33.33 33.33 33.33 33.33 33.33 33.33 33.33 300.00
0.50% Insurance for Generation Guarantee - - - 3.98 19.88 19.88 19.88 19.88 19.88 19.88 19.88 19.88 162.98
0.50% Power Curve Guarantee - - - 3.98 19.88 19.88 19.88 19.88 19.88 19.88 19.88 19.88 162.98
Royalty For WTG 180.00 180.00
Royalty For Hub - -
Royalty For Nacelle - -
0% O&M Expenditure after 3 years - -
Total Operating Expenditure (INR Lacs) - - - 3,526.97 3,568.31 3,568.31 3,568.31 3,568.31 3,568.31 3,568.31 3,568.31 6,999.57 35,504.73
Sales -
Production 0 0 0 15 15 15 15 15 15 15 15 15 135
WIP 0 0 0 8 0 0 0 0 0 0 0 0 8
FG 0 0 0 5 0 0 0 0 0 0 0 0 5
Sale 0 0 0 3 15 15 15 15 15 15 15 15 123
Sales form MC - - - 795.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 32,595.00
2% O&M Revenue -
Total Sales (INR Lacs) - - - 795.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 32,595.00
Total Sales Revenue (INR Lacs) - - - 795.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 32,595.00
Net Revenue - - - 795.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 32,595.00
Net Operations Expenditure - - - 3,526.97 3,568.31 3,568.31 3,568.31 3,568.31 3,568.31 3,568.31 3,568.31 6,999.57 35,504.73
Inc.in inventory 5,794.31 5,794.31
EBIDTA - - - (2,731.97) 406.69 406.69 406.69 406.69 406.69 406.69 406.69 2,769.75 2,884.58
2012 - 13
2012 2012 2012 2012 2012 2012 2012 2012 2012 2013 2013 2013
Production
Type 1 Machine
Royalty Blade -
Net Cost of Type 1 Machines 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 38,628.75
Type 2 Machine

Total Machine related Expenditure including Inc. in Inventory 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 3,219.06 38,628.75
Electricity Costs 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 550.00
Manpower Costs 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 550.00
Bank Guarantee and LC costs 11.93 11.93 11.93 11.93 11.93 11.93 11.93 11.93 11.93 11.93 11.93 11.93 143.10
Admin Overheads 9.17 9.17 9.17 9.17 9.17 9.17 9.17 9.17 9.17 9.17 9.17 9.17 110.00
Repairs and Maintenance 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 45.83 550.00
Transportation 91.41 91.41 91.41 91.41 91.41 91.41 91.41 91.41 91.41 91.41 91.41 91.41 1,096.88
1% Insurance 32.19 32.19 32.19 32.19 32.19 32.19 32.19 32.19 32.19 32.19 32.19 32.19 386.29
Other Manufacturing Expenses 36.67 36.67 36.67 36.67 36.67 36.67 36.67 36.67 36.67 36.67 36.67 36.67 440.00
0.50% Insurance for Generation Guarantee 19.88 19.88 19.88 19.88 19.88 19.88 19.88 19.88 19.88 19.88 19.88 19.88 238.50
0.50% Power Curve Guarantee 19.88 19.88 19.88 19.88 19.88 19.88 19.88 19.88 19.88 19.88 19.88 19.88 238.50
Royalty For Hub - -
Total Operating Expenditure (INR Lacs) 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,757.67 43,112.01
Sales -
Production 15 15 15 15 15 15 15 15 15 15 15 15 180
WIP 0 0 0 0 0 0 0 0 0 0 0 0 0
FG 0 0 0 0 0 0 0 0 0 0 0 0 0
Sale 15 15 15 15 15 15 15 15 15 15 15 15 180
Sales form MC 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 47,700.00
2% O&M Revenue -
Total Sales (INR Lacs) 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 47,700.00
Total Sales Revenue (INR Lacs) 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 47,700.00
Net Revenue 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 3,975.00 47,700.00
Net Operations Expenditure 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,577.67 3,757.67 43,112.01
Inc.in inventory -
EBIDTA 397.33 397.33 397.33 397.33 397.33 397.33 397.33 397.33 397.33 397.33 397.33 217.33 4,587.99
2013 - 14
2013 2013 2013 2013 2013 2013 2013 2013 2013 2014 2014 2014
Production
Type 1 Machine
Royalty Blade - -
Type 2 Machine

Manpower Costs 55.00 55.00 55.00 55.00 55.00 55.00 55.00 55.00 55.00 55.00 55.00 55.00 660.00
Admin Overheads 10.08 10.08 10.08 10.08 10.08 10.08 10.08 10.08 10.08 10.08 10.08 10.08 121.00
Transportation 114.56 114.56 114.56 114.56 114.56 114.56 114.56 114.56 114.56 114.56 114.56 114.56 1,374.75
1% Insurance 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 51.86 514.16
Royalty For Hub - -
Sales
Production 20 20 20 20 20 20 20 20 20 20 20 20 235
WIP 2 0 0 0 0 0 0 0 0 0 0 0 2
FG 1 0 0 0 0 0 0 0 0 0 0 0 1
Sale 16 20 20 20 20 20 20 20 20 20 20 20 231
Sales form MC 4,217.92 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 61,303.33
2% O&M Revenue - -
EBIDTA Calculations INR Lacs -
Net Revenue 4,217.92 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 61,303.33
Inc.in inventory 1,770.48 1,770.48
EBIDTA (410.67) 548.36 548.36 548.36 548.36 548.36 548.36 548.36 548.36 548.36 548.36 1,145.41 6,218.39
2014 - 15
2014 2014 2014 2014 2014 2014 2014 2014 2014 2015 2015 2015
Production
Type 1 Machine
Royalty Blade - -
Type 2 Machine

Manpower Costs 66.00 66.00 66.00 66.00 66.00 66.00 66.00 66.00 66.00 66.00 66.00 66.00 792.00
Admin Overheads 11.09 11.09 11.09 11.09 11.09 11.09 11.09 11.09 11.09 11.09 11.09 11.09 133.10
Transportation 128.88 128.88 128.88 128.88 128.88 128.88 128.88 128.88 128.88 128.88 128.88 128.88 1,546.59
1% Insurance 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 504.32
Royalty For Hub - -
0% O&M Expenditure after 3 years 357.75 357.75
Sales
Production 20 20 20 20 20 20 20 20 20 20 20 20 235
WIP 0 0 0 0 0 0 0 0 0 0 0 0 0
FG 0 0 0 0 0 0 0 0 0 0 0 0 0
Sale 20 20 20 20 20 20 20 20 20 20 20 20 235
Sales form MC 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 62,275.00
2% O&M Revenue 715.50 715.50
Net Revenue 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,905.08 62,990.50
Inc.in inventory -
EBIDTA 497.19 497.19 497.19 497.19 497.19 497.19 497.19 497.19 497.19 497.19 497.19 665.64 6,134.78
2015 - 16
2015 2015 2015 2015 2015 2015 2015 2015 2015 2016 2016 2016
Production
Type 1 Machine
Royalty Blade
Type 2 Machine

Manpower Costs 79.20 79.20 79.20 79.20 79.20 79.20 79.20 79.20 79.20 79.20 79.20 79.20 950.40
Admin Overheads 12.20 12.20 12.20 12.20 12.20 12.20 12.20 12.20 12.20 12.20 12.20 12.20 146.41
Transportation 95.47 95.47 95.47 95.47 95.47 95.47 95.47 95.47 95.47 95.47 95.47 95.47 1,145.63
1% Insurance 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 504.32
Royalty For Hub -
Royalty For Nacelle -
0% O&M Expenditure after 3 years 834.75 834.75
Sales -
Production 20 20 20 20 20 20 20 20 20 20 20 20 235
WIP 0 0 0 0 0 0 0 0 0 0 0 0 -
FG 0 0 0 0 0 0 0 0 0 0 0 0 -
Sale 20 20 20 20 20 20 20 20 20 20 20 20 235
Sales form MC 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 62,275.00
2% O&M Revenue 1,669.50 1,669.50
-
Net Revenue 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 6,859.08 63,944.50
Inc.in inventory -
EBIDTA 486.99 486.99 486.99 486.99 486.99 486.99 486.99 486.99 486.99 486.99 486.99 1,120.04 6,476.97
2016 - 17
2016 2016 2016 2016 2016 2016 2016 2016 2016 2017 2017 2017
Production
Type 1 Machine
Weighted Avg Cost Of Machine (Rs Lacs) 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 2,575.25
Royalty Blade
Type 2 Machine

Manpower Costs 95.04 95.04 95.04 95.04 95.04 95.04 95.04 95.04 95.04 95.04 95.04 95.04 1,140.48
Admin Overheads 13.42 13.42 13.42 13.42 13.42 13.42 13.42 13.42 13.42 13.42 13.42 13.42 161.05
Repairs and Maintenance 95.04 95.04 95.04 95.04 95.04 95.04 95.04 95.04 95.04 95.04 95.04 95.04 1,140.48
Transportation 90.70 90.70 90.70 90.70 90.70 90.70 90.70 90.70 90.70 90.70 90.70 90.70 1,088.34
1% Insurance 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 504.32
Royalty For WTG -
Royalty For Hub -
0% O&M Expenditure after 3 years 1,457.50 1,457.50
Sales
Production 20 20 20 20 20 20 20 20 20 20 20 20 235
WIP 0 0 0 0 0 0 0 0 0 0 0 0 0
FG 0 0 0 0 0 0 0 0 0 0 0 0 0
Sale 20 20 20 20 20 20 20 20 20 20 20 20 235
Sales form MC 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 62,275.00
2% O&M Revenue 2,915.00 2,915.00
-
Net Revenue 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 8,104.58 65,190.00
Inc.in inventory -
EBIDTA 440.09 440.09 440.09 440.09 440.09 440.09 440.09 440.09 440.09 440.09 440.09 1,859.70 6,700.74
2017 - 18
2017 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018
Production
Type 1 Machine
Weighted Avg Cost Of Machine (Rs Lacs) 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 214.60 2,575.25
Royalty Blade
Type 2 Machine

Manpower Costs 114.05 114.05 114.05 114.05 114.05 114.05 114.05 114.05 114.05 114.05 114.05 114.05 1,368.58
Admin Overheads 14.76 14.76 14.76 14.76 14.76 14.76 14.76 14.76 14.76 14.76 14.76 14.76 177.16
Repairs and Maintenance 114.05 114.05 114.05 114.05 114.05 114.05 114.05 114.05 114.05 114.05 114.05 114.05 1,368.58
Transportation 100.24 100.24 100.24 100.24 100.24 100.24 100.24 100.24 100.24 100.24 100.24 100.24 1,202.91
1% Insurance 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 42.03 504.32
Other Manufacturing Expenses 91.24 91.24 91.24 91.24 91.24 91.24 91.24 91.24 91.24 91.24 91.24 91.24 1,094.86
Royalty For WTG -
Royalty For Hub -
0% O&M Expenditure after 3 years 2,080.25 2,080.25
Sales
Production 20 20 20 20 20 20 20 20 20 20 20 20 235
WIP 0 0 0 0 0 0 0 0 0 0 0 0 0
FG 0 0 0 0 0 0 0 0 0 0 0 0 0
Sale 20 20 20 20 20 20 20 20 20 20 20 20 235
Sales form MC 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 62,275.00
2% O&M Revenue 4,160.50 4,160.50
Net Revenue 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 5,189.58 9,350.08 66,435.50
Inc.in inventory -
EBIDTA 369.27 369.27 369.27 369.27 369.27 369.27 369.27 369.27 369.27 369.27 369.27 2,395.44 6,457.44
Projected Profitability Statement Yearly

Column1 Column4 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Column2 Column3
Total (INR Lacs) 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
Net Revenue - 32,595.00 47,700.00 61,303.33 62,990.50 63,944.50 65,190.00 66,435.50
Net operations Exp - 29,710.42 43,112.01 55,084.94 56,855.72 57,467.53 58,489.26 59,978.06
Add : Accrued Interest on FDs - 98.00 98.00 98.00 98.00 98.00 98.00 98.00
EBIDTA - 2,982.58 4,685.99 6,316.39 6,232.78 6,574.97 6,798.74 6,555.44
Less: Interest on Term loan - 503.62 594.88 486.72 378.56 270.40 162.24 54.08
Less: Interest on Working Capital - 607.50 810.00 810.00 810.00 810.00 810.00 810.00
Less: Depreciation - 492.86 617.67 568.57 523.86 483.12 445.96 412.05
Less : Preoperative Expenses 48.23 48.23 48.23 48.23 48.23
PBT - 1,330.37 2,615.21 4,402.87 4,472.13 4,963.22 5,380.54 5,279.31
Less TAX - - 471.57 1,255.74 1,358.82 1,580.41 1,745.38 1,742.17
PAT - 1,330.37 2,143.64 3,147.13 3,113.31 3,382.82 3,635.16 3,537.14
Less Dividends @0% - - - - - - - -
Retained Profits - 1,330.37 2,143.64 3,147.13 3,113.31 3,382.82 3,635.16 3,537.14
Accumulated Retained Profits - 1,330.37 3,474.01 6,621.14 9,734.45 13,117.27 16,752.43 20,289.57
000000M/s. R K Wind Limted, New Delhi 00000012/08/2021
IRR Computation
Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8
2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18
Free Cashflow to Project
EBIDTA - 2,982.58 4,685.99 6,316.39 6,232.78 6,574.97 6,798.74 6,555.44 6,555.44 6,555.44 6,555.44 6,555.44 6,555.44 6,555.44 6,555.44 6,555.44 ###
EBIDTA*(1-Tax Rate) - 2,982.58 3,841.01 4,514.90 4,339.01 4,481.35 4,593.32 4,392.14
Add: Depreciation*Tax Rate - - 111.38 162.16 159.17 153.84 144.66 135.98
Less: Capital Expenditure for the year 10,504.61 - - - - - -
Less: Change in Working Capital - 8,692.71 883.36 2,329.02 241.11 108.25 122.75 83.83
19,382.55
FCF to Project - (16,214.74) 3,069.03 2,348.05 4,257.07 4,526.93 4,615.23 23,826.84
Project IRR (%) 24.12%
Project NPV (INR Mn) 8,139.24
Free Cashflow to Equity

FCF to Project - (16,214.74) 3,069.03 2,348.05 4,257.07 4,526.93 4,615.23 23,826.84
Less: Interest*(1-Tax rate) - 503.62 487.61 347.90 263.54 184.30 109.61 36.23
Add: net borrowing 4,992.00 (832.00) (832.00) (832.00) (832.00) (832.00) (832.00)
19,382.55
FCF to equity - (11,726.36) 1,749.42 1,168.14 3,161.53 3,510.63 3,673.62 42,341.15
Equity IRR (%) 35.89%
Equity NPV (INR Mn) 16,426.79
Important disclosures, disclaimers
This financial model has been prepared by Ernst & Young Private Limited (‘E&Y
information provided by the Company, neither of which has been independent
with it, makes any expressed or implied representation or warranty with respe
reasonableness of the information set forth in this financial model, nor do they
relation to this financial model, and unless specifically pre-agreed in writing, in
financial model is provided with at any time. This financial model is being furn
the information and analysis contained herein may be reproduced or passed to
without prejudice and does not constitute an offer to sell or issue any shares in
invitation to offer.
Ernst & Young
& Young Private Limited (‘E&Y’) on the basis of publicly available information and
which has been independently verified by E&Y. Neither E&Y, nor any person associated
tation or warranty with respect to the sufficiency, accuracy, completeness or
s financial model, nor do they owe any duty of care to any recipient of this note in
cally pre-agreed in writing, in relation to any other information which a recipient of this
s financial model is being furnished on a strictly confidential basis; neither this model nor
ay be reproduced or passed to any third person. This financial model has been prepared
er to sell or issue any shares in, or sell any underlying assets of the Company or an
Summary Results
Input (Cells in Blue colour can be only be changed)
Target Sales Price of Machine (Rs. Crore) Inclusive of taxes

RSIGEL Utility Other clients
WTN 646 2.65 2.65 2.65
WTN 1000 5.00
Output


Summary
Indeginsed cost
2.15
Input Summary - RK Wind Private Limited
Machines related
Year Total Production Project Finance
Machines Year 1 50 Equity 41%
Year 2 135 Debt 59%
Year 3 180 Total Cost 1,351.35 Rs Million
Year 4 235 Land 81.3 Rs Million
Year 5 235 Plant And machinery 389.8 Rs Million
Year 6 235 Factory Bld 198.0 Rs Million
Year 7 235 Technology 387.4 Rs Million
Pre Operative Cost 24.1 Rs Million
Margin for Working Capital 280.7 Rs Million
WTN: Machine Parts Operations

Cost ( INR
Indegenised Partwise Costs Part Million)
in Rs Million Nacelle frame 0.055 Electricity Costs 50 Rs Million
Gearbox with main sha 0.410 Manpower Costs 50 Rs Million
Blades 0.225 Admin Overheads 10 Rs Million
Generator 0.116 Repairs and Maintainance 50 Rs Million
Converter 0.230 Average Transportation 120 Rs Million
Yaw System 0.044 Other Manufacturing Expenses 40 Rs Million
Pitch System 0.040
Rotor 0.058
Tower 0.540 Others
Brake System 0.008 Loan Tenure 7 Years
Couplings 0.010 Interest Rate 13%
Nacelle cover 0.019 Int on WC 13.50%
Electricals 0.072 Corp Tax 33%
Slip ring 0.007 MAT 18.00%
Control Panel 0.150 Sales price for machine 2.65 Rs Cr.
Others 0.162
Output Summary - RK Wind Private Limited
Projected Profitability Statement
Column1 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8
Total (INR Lacs) FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
Net Revenue - 32,595.00 47,700.00 61,303.33 62,990.50 63,944.50 65,190.00 66,435.50
Net operations Exp - 29,710.42 43,112.01 55,084.94 56,855.72 57,467.53 58,489.26 59,978.06
EBIDTA - 2,982.58 4,685.99 6,316.39 6,232.78 6,574.97 6,798.74 6,555.44
Less: Interest on Term loan - 503.62 594.88 486.72 378.56 270.40 162.24 54.08
Less: Interest on Working Capital - 607.50 810.00 810.00 810.00 810.00 810.00 810.00
Less: Depreciation - 492.86 617.67 568.57 523.86 483.12 445.96 412.05
PBT - 1,330.37 2,615.21 4,402.87 4,472.13 4,963.22 5,380.54 5,279.31
Less TAX - - 471.57 1,255.74 1,358.82 1,580.41 1,745.38 1,742.17
PAT - 1,330.37 2,143.64 3,147.13 3,113.31 3,382.82 3,635.16 3,537.14
Less Dividends @0% - - - - - - - -
Retained Profits - 1,330.37 2,143.64 3,147.13 3,113.31 3,382.82 3,635.16 3,537.14
Accumulated Retained Profits - 1,330.37 3,474.01 6,621.14 9,734.45 13,117.27 16,752.43 20,289.57
Output Statement


Assumptions
Component Cost % Inventory requirment in Months State Distance 500

Rotor Blades 24.85 2.00 Rajasthan 1000 750
Rotor Hub 1.53 2.00 TamilNadu 2500 1000
Gear Box 14.45 2.00 Madhya Pradesh 1000 1250
Generator 3.85 2.00 Andhra Pradesh 2000 1500
Nacelle Housing 1.51 2.00 Maharashtra 1500 1750
Yaw System 1.40 2.00 Gujarat 1500 2000
Pitch System 2.98 2.00 Karnataka 2000 2250
Rotor Bearings 1.37 2.00 2500
Tower 29.44 2.00 2750
Brake System 1.48 2.00 3000
Main Shaft 2.14 2.00
Main Frame 3.13 2.00
Casting 4.02 2.00
Power convertor 5.61 2.00
Screws 1.16 2.00
Cables 1.07 2.00
Manpower Costs
Rs Million
Per Year
Salaries 60
Administration 5
Initiatives 5
Recreation 5
Total 75
Number of People 100
Price Per Employee Per year 0.6 Rs. Million
Plant Capital Costs Breakup

Rs Million
Per Year
Machinery 18
Spares and Inventory 9
Development 40
Variable 10
Total 77
Transportation
Average distance 2000 km
Weight of machine 130 Tonnes
Rs/ Tonne/Km 3 Rs
MF 0.00039 Rs Million Per machine per Km
Revenue and Transportation

WA
WA Price
Portion 1 Portion 3 Transport
Portion 2 Sale Price Sale Price Sale Price per turbine Transport Transport Transport
Year Production (To (To 3rd Cost Per
(To Utility) P1 P2 P3 (INR P1 Kms P2 kms P3 to
RSIEGL) Party) Year Rs.
Million)
Million
Year 1 0 100% 0% 0% 2.65 2.65 2.65 26.50 1750 500 500 -
Year 2 135 100% 0% 0% 2.65 2.65 2.65 26.50 2250 1000 1000 118.46
Year 3 180 50% 25% 25% 2.65 2.65 2.65 26.50 2000 1000 1250 109.69
Year 4 235 50% 25% 25% 2.65 2.65 2.65 26.50 1500 2500 500 137.48
Year 5 235 50% 25% 25% 2.65 2.65 2.65 26.50 2000 1500 1250 154.66
Year 6 235 50% 25% 25% 2.65 2.65 2.65 26.50 1250 750 1750 114.56
Year 7 235 50% 25% 25% 2.65 2.65 2.65 26.50 1250 750 1500 108.83
Year 8 235 50% 25% 25% 2.65 2.65 2.65 26.50 1500 1000 1250 120.29
Year 9 235 50% 25% 25% 2.65 2.65 2.65 26.50 1250 1750 1250 126.02
Year 10 235 50% 25% 25% 2.65 2.65 2.65 26.50 2250 2250 2250 206.21
119.62
Financing Related
Debt % 59%
Equity 41%
Loan Tenure 7 Years
(INR in Million) Royalty Costs :(INR in Million)
Cost of Project & Means of Finance : Column2
Finalised Capex Costs y1 y2 y3 y4 y5
Land Cost for Plant,consultancy,site development 150.00 Machine 0.00 ### ### ### ###
Factory Buildings 200.00 Hub 0.00 0.00 0.00 0.00 0.00
R&D Infrastructure 10.00 Nacelle 0.00 0.00 0.00 0.00 0.00
Other Drawings and Infrastructure 10.00 Blade 0.00 0.00 0.00 0.00 0.00
Technology for WTG 50.00
Training for Blade 250.00
Equipment and Blade Mould 150.00
Technology cost for hub and nacelle 64.00
Equipment for Hub and nacelle mould 86.00
Cranes and other equipment 30.00
Inventory 30.00
Contingency 40.00
IDC 30.00
Working Capital Margin 250.00
Total 1350.00
Equity 405.00
Debt 945.00
1350.00
WTG Calculations
WTG Calculations
WTN 646 _ - WTN 1000 2 WAC WTN WAC WTN
646 1000
Wind Indeginised Imported Indeginised Imported
Turbine
Costs
Breakup
Component Component Import% Number of Rs Cr Rs Cr Import % Number Of Rs Cr Rs Cr Rs Cr Rs Cr

Cost in % Units Units
Rotor Blades 24.85 0 100 0.400 0.000 50 100 0.000 0.000 0.056 0.021
Rotor Hub 1.53 0 0.019 0.000 y3 0.000 0.000 0.056 0.021

Gear Box 14.45 0 0.550 0.000 y3 0.000 0.000 0.056 0.021
Generator 3.85 0 0.226 0.000 y3 0.000 0.000 0.056 0.021
Nacelle 1.51 0 0.015 0.000 y3 0.000 0.000 0.056 0.021
Housing
Yaw System 1.40 0 0.022 0.000 y3 0.000 0.000 0.056 0.021
Pitch 2.98 0 0.045 0.000 y3 0.000 0.000 0.000 0.000

System
Rotor 1.37 0 0.022 0.000 y3 0.000 0.000 0.000 0.000
Bearings
Tower 29.44 0 0.300 #VALUE! y3 #VALUE! #VALUE! #VALUE! #VALUE!
Brake 1.48 0 0.025 0.000 y3 0.000 0.000 0.135 0.048
System
Main Shaft 2.14 0 0.034 0.000 y3 0.000 0.000 0.135 0.048
Main Frame 3.13 0 0.050 0.000 y3 0.000 0.000 0.135 0.048
Casting 4.02 0 0.072 0.000 y3 0.000 0.000 0.135 0.048

Power 5.61 0 0.090 0.000 y3 0.000 0.000 0.135 0.048
convertor
Screws 1.16 0 0.012 0.000 y3 0.000 0.000 0.135 0.048
Cables 1.07 0 0.018 0.000 y3 0.000 0.000 0.135 0.048
Total 1.900 1.8 Total WA 1.7 2.6 #VALUE! #VALUE!
Cost
WTN 646
Blade Base
Nacelle Gearbox Ball bearing Yaw - Yaw - Motor Coupling, Nacelle bearing Tower 65 Brake Ultra- Vibration Electro Shock Hub cover, Anemomete Stick fence Control Fiber Optic Electrical Fabricated
frame with main (Yaw) Gearbox with brake complete Generator cover, (Pitch Rotor hub Pitch gear Pitch motor Blade m Calliper+Co bushing Slip ring damper chain hoist Gas spring absorber Complete Wind vane r Fence brush brush Converter Panel+ 3 Cable Transformer Engineering Component Fasteners Total
shaft complete mpressor Pitch s
bearing) Controller
Indegenised Year 1
Indegenised Year 2 Indegenised Year 1 0.086 0.530 0.031 0.042 0.008 0.009 0.102 0.021 0.077 0.057 0.052 0.012 0.150 0.334 0.016 0.006 0.007 0.003 0.009 0.003 0.005 0.002 0.001 0.003 0.000 0.000 0.320 0.187 0.002 0.007 0.076 0.015 0.014 0.000
Indegenised Year 10 0.086 0.530 0.031 0.042 0.008 0.009 0.102 0.021 0.077 0.057 0.052 0.012 0.150 0.334 0.016 0.006 0.007 0.003 0.009 0.003 0.005 0.002 0.001 0.003 0.000 0.000 0.320 0.187 0.002 0.007 0.076 0.015 0.014 0.000
Imported Yea 0.084 0.672 0.031 0.056 0.008 0.020 0.100 0.021 0.075 0.056 0.072 0.011 0.195 0.300 0.015 0.006 0.007267 0.00296 0.0084 0.00280215 0.0045714 0.002 0.0012675 0.002535 0.00032624 0.00012194 0.312 0.1862185 0.0018 0.0062 0.0688 2.329
Imported Yea 0.084 0.672 0.031 0.056 0.008 0.020 0.100 0.021 0.075 0.056 0.072 0.011 0.195 0.300 0.015 0.006 0.007267 0.00296 0.0084 0.00280215 0.0045714 0.002 0.0012675 0.002535 0.00032624 0.00012194 0.312 0.1862185 0.0018 0.0062 0.0688 2.329
Imported Yea 0.084 0.672 0.031 0.056 0.008 0.020 0.100 0.021 0.075 0.056 0.072 0.011 0.195 0.300 0.015 0.006 0.007267 0.00296 0.0084 0.00280215 0.0045714 0.002 0.0012675 0.002535 0.00032624 0.00012194 0.312 0.1862185 0.0018 0.0062 0.0688 2.329
Imported Yea 0.084 0.672 0.031 0.056 0.008 0.020 0.100 0.021 0.075 0.056 0.072 0.011 0.195 0.300 0.015 0.006 0.007267 0.00296 0.0084 0.00280215 0.0045714 0.002 0.0012675 0.002535 0.00032624 0.00012194 0.312 0.1862185 0.0018 0.0062 0.0688 2.329
Imported Yea 0.084 0.672 0.031 0.056 0.008 0.020 0.100 0.021 0.075 0.056 0.072 0.011 0.195 0.300 0.015 0.006 0.007267 0.00296 0.0084 0.00280215 0.0045714 0.002 0.0012675 0.002535 0.00032624 0.00012194 0.312 0.1862185 0.0018 0.0062 0.0688 2.329
Imported Yea 0.084 0.672 0.031 0.056 0.008 0.020 0.100 0.021 0.075 0.056 0.072 0.011 0.195 0.300 0.015 0.006 0.007267 0.00296 0.0084 0.00280215 0.0045714 0.002 0.0012675 0.002535 0.00032624 0.00012194 0.312 0.1862185 0.0018 0.0062 0.0688 2.329
Imported Yea 0.084 0.672 0.031 0.056 0.008 0.020 0.100 0.021 0.075 0.056 0.072 0.011 0.195 0.300 0.015 0.006 0.007267 0.00296 0.0084 0.00280215 0.0045714 0.002 0.0012675 0.002535 0.00032624 0.00012194 0.312 0.1862185 0.0018 0.0062 0.0688 2.329
Imported Yea 0.084 0.672 0.031 0.056 0.008 0.020 0.100 0.021 0.075 0.056 0.072 0.011 0.195 0.300 0.015 0.006 0.007267 0.00296 0.0084 0.00280215 0.0045714 0.002 0.0012675 0.002535 0.00032624 0.00012194 0.312 0.1862185 0.0018 0.0062 0.0688 2.329
Imported Yea 0.084 0.672 0.031 0.056 0.008 0.020 0.100 0.021 0.075 0.056 0.072 0.011 0.195 0.300 0.015 0.006 0.007267 0.00296 0.0084 0.00280215 0.0045714 0.002 0.0012675 0.002535 0.00032624 0.00012194 0.312 0.1862185 0.0018 0.0062 0.0688 2.329
Imported Yea 0.084 0.672 0.031 0.056 0.008 0.020 0.100 0.021 0.075 0.056 0.072 0.011 0.195 0.300 0.015 0.006 0.007267 0.00296 0.0084 0.00280215 0.0045714 0.002 0.0012675 0.002535 0.00032624 0.00012194 0.312 0.1862185 0.0018 0.0062 0.0688 2.329
WTN 1000
Nacelle Pitch Brake Power
Rotor Blades Rotor Hub Gear Box Generator Housing Yaw System System Rotor Bearings Tower System Main Shaft Main Frame Casting convertor Screws Cables Turbine cost
Indegenised Y 0.870 0.054 0.506 0.135 0.053 0.049 0.104 0.048 1.030 0.052 0.075 0.110 0.141 0.196 0.041 0.038 3.500
Indegenised Y 0.870 0.054 0.506 0.135 0.053 0.049 0.104 0.048 1.030 0.052 0.075 0.110 0.141 0.196 0.041 0.038 3.500
Indegenised Y 0.870 0.054 0.506 0.135 0.053 0.049 0.104 0.048 1.030 0.052 0.075 0.110 0.141 0.196 0.041 0.038 3.500
Indegenised Y 0.870 0.054 0.506 0.135 0.053 0.049 0.104 0.048 1.030 0.052 0.075 0.110 0.141 0.196 0.041 0.038 3.500
Indegenised Y 0.870 0.054 0.506 0.135 0.053 0.049 0.104 0.048 1.030 0.052 0.075 0.110 0.141 0.196 0.041 0.038 3.500
Indegenised Y 0.870 0.054 0.506 0.135 0.053 0.049 0.104 0.048 1.030 0.052 0.075 0.110 0.141 0.196 0.041 0.038 3.500
Indegenised Y 0.870 0.054 0.506 0.135 0.053 0.049 0.104 0.048 1.030 0.052 0.075 0.110 0.141 0.196 0.041 0.038 3.500
Indegenised Y 0.870 0.054 0.506 0.135 0.053 0.049 0.104 0.048 1.030 0.052 0.075 0.110 0.141 0.196 0.041 0.038 3.500
Indegenised Y 0.870 0.054 0.506 0.135 0.053 0.049 0.104 0.048 1.030 0.052 0.075 0.110 0.141 0.196 0.041 0.038 3.500
Indegenised 0.870 0.054 0.506 0.135 0.053 0.049 0.104 0.048 1.030 0.052 0.075 0.110 0.141 0.196 0.041 0.038 3.500
Imported Yea 0.994 0.061 0.578 0.154 0.060 0.056 0.119 0.055 1.178 0.059 0.086 0.125 0.161 0.224 0.047 0.043 4.000
Imported Yea 0.994 0.061 0.578 0.154 0.060 0.056 0.119 0.055 1.178 0.059 0.086 0.125 0.161 0.224 0.047 0.043 4.000
Imported Yea 0.994 0.061 0.578 0.154 0.060 0.056 0.119 0.055 1.178 0.059 0.086 0.125 0.161 0.224 0.047 0.043 4.000
Imported Yea 0.994 0.061 0.578 0.154 0.060 0.056 0.119 0.055 1.178 0.059 0.086 0.125 0.161 0.224 0.047 0.043 4.000
Imported Yea 0.994 0.061 0.578 0.154 0.060 0.056 0.119 0.055 1.178 0.059 0.086 0.125 0.161 0.224 0.047 0.043 4.000
Imported Yea 0.994 0.061 0.578 0.154 0.060 0.056 0.119 0.055 1.178 0.059 0.086 0.125 0.161 0.224 0.047 0.043 4.000
Imported Yea 0.994 0.061 0.578 0.154 0.060 0.056 0.119 0.055 1.178 0.059 0.086 0.125 0.161 0.224 0.047 0.043 4.000
Imported Yea 0.994 0.061 0.578 0.154 0.060 0.056 0.119 0.055 1.178 0.059 0.086 0.125 0.161 0.224 0.047 0.043 4.000
Imported Yea 0.994 0.061 0.578 0.154 0.060 0.056 0.119 0.055 1.178 0.059 0.086 0.125 0.161 0.224 0.047 0.043 4.000
Imported Yea 0.994 0.061 0.578 0.154 0.060 0.056 0.119 0.055 1.178 0.059 0.086 0.125 0.161 0.224 0.047 0.043 4.000
At Current Given Estimates

WTN 646 WTN 1000
Cost Of Units Of Cost Of Units Of Weighted Cost Of Units Of Units Of

Indeginised Indegenised Imported Imported Avg Cost per Indeginised Indegenised Cost Of Imported Imported Weighted
turbine Turbine turbine Turbine Machine turbine Turbine turbine Turbine Avg Cost
( INR million)
Year 1 0.00 0 2.329 0 #DIV/0! 3.500 0 4.000 0 0.00

Year 2 0.00 0 2.329 0 #DIV/0! 3.500 0 4.000 0 0
Year 3 0.00 0 2.329 0 #DIV/0! 3.500 0 4.000 0 0
Year 4 0.00 0 2.329 0 #DIV/0! 3.500 0 4.000 0 0
Year 5 0.00 0 2.329 0 #DIV/0! 3.500 0 4.000 0 0 *
Year 6 0.00 0 2.329 0 #DIV/0! 3.500 0 4.000 0 0
Year 7 0.00 0 2.329 0 #DIV/0! 3.500 0 4.000 0 0
Year 8 0.00 0 2.329 0 #DIV/0! 3.500 0 4.000 0 0
Year 9 0.00 0 2.329 0 #DIV/0! 3.500 0 4.000 0 0
Year 10 0.00 0 2.329 0 #DIV/0! 3.500 0 4.000 0 0
******
Input Sheet - Machine List
WTN 646
Machine Type WTN 646 WTN 1000
WTN 646 & 1000
Machine Production Related
WTN 646
Target Sale Price

Indeginised Cost Imported Cost (Rs. Target Production
Input Total Import % of Machine (INR
(Rs. Cr) Cr) (Nos) Million)
Year 1 214.60 0% 2.2 0 26.50 1

Year 2 214.60 0% 2.2 135 26.50
Year 3 214.60 0% 2.2 180 26.50
Year 4 214.60 0% 2.2 235 26.50
Year 5 214.60 0% 2.2 235 26.50
Year 6 214.60 0% 2.2 235 26.50
Year 7 214.60 0% 2.2 235 26.50
Financing Related
Debt % 59%
Equity 41%
Loan Tenure 7 Years
Repayment months 84 (Excluding 6 month moretorium)
Interest Rate 13.00%
Int on WC 13.50%
Corp Tax 33.22% MAT 18.00% Tax 30%
Plant Operations Surcharge 7.50% 32.25%
Other Costs E Cess 3% 33.22%
Rs Million Per Escalation Per Column1
Year Year %
Electricity Costs 50 10%
Manpower Costs 50 10% 20%
Admin Overheads 10 10% 10%
Repairs and Maintainance 50 10% 20%
Other Manufacturing Expenses 40 10% 20%
Royalty on components 100 As indicated Rs Cr.
Machines
Capital Cost Breakup
Total Cost (Rs. Cr) 135.13
Land (Rs Cr.) 8.13
Plant And machinery (Rs Cr.) 38.98
Factory Building Costs 19.80
Technology Costs (Rs. Cr.) 38.74
Pre Operative Cost 2.41
Margin for Working Capital 28.07
Sales
VAT 0% 2.65
Sales Tax 0% 2.65
Exice Duty 0% 2.65
Actual Price of Turbine is 2.65

WTG Calculations
WAC WTN
WTN _ - WTN 2 WAC Column 1000
646 1000 WTN 646 1
Wind Turbine Indegini Import Indegi Importe

Costs Breakup sed ed nised d
Component Compo Import Number Rs Cr Rs Cr Import Numb Rs Cr Rs Cr Rs Cr Rs in Rs Cr
nent % of Units % er Of Millions

Rotor Blades Cost in
24.85 0 100 0.400 0.447 50 Units
100 0.422 0.646 0.400 5.343 0.534
% 0.033
Rotor Hub 1.53 0 0.019 0.028 50 0.026 0.040 0.019 0.330
0.311
Gear Box 14.45 0 0.550 0.260 50 0.246 0.376 0.550 3.107
0.083
Generator 3.85 0 0.226 0.069 50 0.065 0.100 0.226 0.828
Nacelle 1.51 0 0.015 0.027 50 0.026 0.039 0.015 0.325 0.032
Housing
0.030
Yaw System 1.40 0 0.022 0.025 50 0.024 0.036 0.022 0.301
0.064
Pitch System 2.98 0 0.045 0.054 50 0.051 0.077 0.045 0.640
0.029
Rotor Bearings 1.37 0 0.022 0.025 50 0.023 0.036 0.022 0.294
0.633
Tower 29.44 0 0.300 0.530 50 0.501 0.765 0.300 6.330
0.032
Brake System 1.48 0 0.025 0.027 50 0.025 0.038 0.025 0.318
0.046
Main Shaft 2.14 0 0.034 0.038 50 0.036 0.056 0.034 0.460
0.067
Main Frame 3.13 0 0.050 0.056 50 0.053 0.081 0.050 0.674
0.086
Casting 4.02 0 0.072 0.072 50 0.068 0.104 0.072 0.864
Power 5.61 0 0.090 0.101 50 0.095 0.146 0.090 1.206 0.121
convertor
0.025
Screws 1.16 0 0.012 0.021 50 0.020 0.030 0.012 0.250
0.023
Cables 1.07 0 0.018 0.019 50 0.018 0.028 0.018 0.231
Total 1.900 1.8 Total 1.7 2.6 1.90 21.50 2.15
WA
Cost
Cost Sheet: WTN 646 Contd

Nacelle
Nacelle Yaw - Yaw - Motor Coupling, Amenomet Yaw motor Shok Vibration Pitch Nacelle Control Electro Break
frame Gearbox with main shaft Yaw Gear Gearbox with brake complete Generator cover, Fastners er Wind Vane Pitch motor Blade with Breake Absorbers Slip ring damper Pitch Gear Coupling Generator Yaw Bearing Bearing Cover Rotor Hub Tower Hub Cover Electrical Converter Panel Chain Hoist System Misc Total
complete
Indegenised Year 1 0.055 0.410 0.013 0.000 0.001 0.001 0.004 0.225 0.000 0.002 0.002 0.007 0.000 0.011 0.010 0.116 0.031 0.025 0.019 0.056 0.540 0.002 0.072 0.230 0.150 0.008 0.008 0.150 2.15
At Current Given Estimates

WTN 646 WTN 1000
Weighted
Cost Of Units Of Cost Of Units Of Avg Cost per Cost Of Units Of Cost Of Units Of Weighted Avg
Indeginised Indegenised Imported Imported Indeginised Indegenised Imported Imported
turbine Turbine turbine Turbine Machine turbine Turbine turbine Turbine Cost
( INR million)
Year 1 2.15 0 2.329 0 #DIV/0! 3.500 0 4.000 0 0.00

Year 2 2.15 135 2.329 0 21.46 3.500 0 4.000 0 0
Year 3 2.15 180 2.329 0 21.46 3.500 0 4.000 0 0
Year 4 2.15 235 2.329 0 21.46 3.500 0 4.000 0 0
Year 5 2.15 235 2.329 0 21.46 3.500 0 4.000 0 0 *
Year 6 2.15 235 2.329 0 21.46 3.500 0 4.000 0 0
Year 7 2.15 235 2.329 0 21.46 3.500 0 4.000 0 0
Year 8 2.15 235 2.329 0 21.46 3.500 0 4.000 0 0
Year 9 2.15 235 2.329 0 21.46 3.500 0 4.000 0 0
Year 10 2.15 235 2.329 0 21.46 3.500 0 4.000 0 0
O & M Related Calculations:
Expense per machine :
Y1 Y2 Y3 Y4 Y5 Y6 Y7 During new 0.0%
0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 After that 1.0%
135 0.00 0.00 0.00 0.00 35.78 35.78 35.78 3577.5
180 0.00 0.00 0.00 0.00 0.00 47.70 47.70
235 0.00 0.00 0.00 0.00 0.00 0.00 62.28 Revenue
235 0.00 0.00 0.00 0.00 0.00 0.00 0.00 During New 0.0%
235 0.00 0.00 0.00 0.00 0.00 0.00 0.00 After that 2.0%
235 0.00 0.00 0.00 0.00 0.00 0.00 0.00
235 0.00 0.00 0.00 0.00 0.00 0.00 0.00
235 0.00 0.00 0.00 0.00 0.00 0.00 0.00
235 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 0.00 0.00 0.00 0.00 35.78 83.48 145.75
Revenue
z Y1 Y2 Y3 Y4 Y5 Y6 Y7
0 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135 0.00 0.00 0.00 0.00 71.55 71.55 71.55
180 0.00 0.00 0.00 0.00 0.00 95.40 95.40
235 0.00 0.00 0.00 0.00 0.00 0.00 124.55
235 0.00 0.00 0.00 0.00 0.00 0.00 0.00
235 0.00 0.00 0.00 0.00 0.00 0.00 0.00
235 0.00 0.00 0.00 0.00 0.00 0.00 0.00
235 0.00 0.00 0.00 0.00 0.00 0.00 0.00
235 0.00 0.00 0.00 0.00 0.00 0.00 0.00
235 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 0.00 0.00 0.00 0.00 71.55 166.95 291.50

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000000M/s.

R K Wind Limited, New Delhi 00000012/08/2021

REVENUE DOWN R M UP BY REVENUE DOWN AND

1 DSCR 3.44 1.89 2.01 1.30

Land Cost for Plant,consultancy,site development 813.00 813.00 813.00 -

Total 13,513.47 2,006.69 2,586.16 10,927.31 4,596.39 6,330.92

FACR (Excluding Technology & WC Margin) 1.35

Equity 8,313.47 2,094.23 3,476.68 4,836.79 96.39 4,740.40

Total 13,513.47 2,006.69 2,586.16 10,927.31 4,596.39 6,330.92

Deb Equity Ratio 0.63

ASSESMENT OF WORKING CAPITAL REQUIREMENT

1.00 (Rs. in Lacs)

ANALYSIS OF BALANCE SHEET

ANALYSIS OF BALANCE SHEET

ANALYSIS OF BALANCE SHEET

COMPARATIVE STATEMENT OF COMPARISON

7. Advance to Suppliers of Raw Material & Stores / Spares - - - - - - -

CURRENT LIABILITIES(except bank

COMPUTATION OF PERMISSABLE BANK FINANCE FOR WORING CAPITAL

FUND FLOW STATEMENT

CASH FLOW STATEMENT:

Total Capital Expenditure 2,006.69 5,175.86 3,524.21 - - - - - -

Debt Servicing Obligations:

Cash from Operations:

Balance Sheet (Rs in Lacs)

2009 - 10 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18

Working Capital Calculation

MPBF 25% - 6,519.53 7,182.05 8,928.81 9,109.64 9,190.84 9,282.90 9,345.77

Earnest Money Deposit

Advance Payment Bank Guarantee

Waranty Period Bank Guarantee

Particulars Imported Indigenious Total

Annual Raw Material consumption 11,588.62 19,314.37 30,903.00

Total NFB Limit - Recommended

BREAK EVEN POINT

CAPACITY UTILISATION 56% 75% 98% 98% 98% 98%

INTERNAL RATE OF RETURN

PARTICULARS 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18

INTERNAL RATE OF RETURN

Amortised Expenses 48.23 48.23 48.23 48.23 48.23 - -

COST OF FUNDS TOTAL COST

MEANS OF FINANCE RATE AMOUNT (POST TAX)

* COST OF FUNDS = INTEREST RATE ( 1- EFFECTIVE TAX RATE)

WEIGHTED AVERAGE COST OF CAPITAL (POST TAX) = 1,223.48 9.05% 9.05%

3,847.58 3,847.58 3,847.58 32,473.80 27,668.69

DEPRECIATION 492.86 617.67 568.57 523.86 483.12 445.96 412.05 3,544.09

INTEREST 503.62 594.88 486.72 378.56 270.40 162.24 54.08 2,450.50

Loan Schedule Monthly

Term Loan Schedule

Interest on Loan - - - - - - - - - - 13.54 37.92

Term Loan Schedule

Term Loan Schedule

Term Loan Schedule

Term Loan Schedule

Term Loan Schedule

Term Loan Schedule

Door to Door Tenure 77 78 79 80 81 82 83 84 85 86 87 88

Term Loan Schedule

Loan Schedule Yearly

Tax Calculation Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Column1 Column2

PBT - 1,330.37 2,615.21 4,402.87 4,472.13 4,963.22 5,380.54 5,279.31 28,443.65

PBT - (292.89) 1,616.09 3,732.11 4,042.44 4,709.52 5,254.40 5,244.74 24,306.41

PBT - (292.89) 1,616.09 3,732.11 4,042.44 4,709.52 5,254.40 5,244.74 24,306.41