OPENING BALANCE SHEET

LIABILITIES AMOUNT(Rs.) ASSETS

SHARE CAPITAL 80000 BUILDING

LONG TERM LOAN 280000 PLANT & EQUIPMENT
CASH

TOTAL 360000 TOTAL

CLOSING BALANCE SHEET

LIABILITIES AMOUNT (Rs.) ASSETS

SHARE CAPITAL 80000 BUILDING

RESERVE FUND 958266.67 PLANT & EQUIPMENT
LONG TERM LOAN 280000 CASH

TOTAL 1318266.67 TOTAL

AMOUNT(Rs.)

100000
250000
10000

360000

AMOUNT (Rs.)

90000.00
187500.00
1040766.67

1318266.67
Sl.No. Details
A Investment
A1 Land
A2 Building
A3 Plant and Machinery
Total Investment
B Sales
B1 Capacity Utilisation (%)
B2 Production of Kernel(in Kgs)
B3 Selling Price (Rs./Kg)
Sales Revenue
C Cost of Production and Sales
C1 Raw Materials
C2 Power & Fuel
C3 Salaries(1Sec@Rs5000, 1guard@Rs1800PM for 12 months)
C4 Wages(40 labourers) @Rs1800 PM(9 months)
C5 Factory Overheads
C6 Selling Expenses
C7 Interest on Working Capital Loan
Total Cost of Production and Sales
D Profit Before Depreciation, Interest and Tax (PBDIT)
E Depreciation
F Profit Before Interest (PBI)
G Interest on Term Loan
H Profit after interest and depreciation
Dividend
Reserve Fund

DETAILS OF DEPRECIATION
1 Value of buildings at yr beginning
2 Depreciation on buildings
3 Value of P&M at yr beginning
 4 Depreciation on P&M
5 Total Depreciation

Sl.No. Details
1 Total Variable Cost
2 Total Fixed Cost
3 Sales
4 Contribution/ Kg
5 Break Even Quantity (Kg)
 Year 0 Year 1

100000.00
250000.00
350000.00

11200000.00

8400000.00
0.00
81600.00
648000.00
50000.00
50000.00
635833.33
9865433.33
1334566.67
72500.00
1262066.67
30800.00
1231266.67
8000.00
1223266.67

100000.00
0.10 10000.00
250000.00
 0.25 62500.00
72500.00

M-00 M-01
9611833.33
244500.00
11200000.00
#DIV/0!
#DIV/0!
TAMARIND: PROFIT AND LOSS ACCOUNT

Sales
Less:
Raw Material 8400000.00
Power & Fuel 0.00
Salaries 81600.00
Wages 648000.00
Factory Overheads 350000.00
Depreciation 72500.00
Selling Expenses 15000.00
Interest on loan@11% 30800.00
Interest on short term loan 635833.33
Total Expenses

Net Profit
Less: Dividend
Reserve Fund
11200000.00

10233733.33

966266.67
8000.00
958266.67
TAMARIND: CASH FLOW Aggregated for the Year March April May

Purchase price per kg of raw nut 6.0 6.0 0.0

Raw Material (Raw Tamarind) 8400000.0 4200000.0 4200000.0 0.0
Power & Fuel 0.0 0.0 0.0 0.0
Salaries(1Sec@Rs5000, 1guard@Rs1800 for 12 months) 81600.0 6800.0 6800.0 6800.0
Wages(40 labourers) @Rs40 PM 648000.0 72000.0 72000.0 72000.0
Overhead charges & Cold Storage 350000.0 4167.0 4163.0 4167.0
Selling Expenses 15000.0 5000.0 0.0 0.0
Interest on short term loan @14%pa 635833.3 50166.7 79333.3
Interest on loan@11% 30800.0
Total Expenses 10161233.3 4287967.0 4333129.7 162300.3

Sales Quantity 800000.0 200000.0 200000.0 0.0

Sales @ Rs 10/kg & Rs 18/kg 11200000.0 2000000.0 2000000.0 0.0
Cash received from Debtors 11200000.0 2000000.0 2000000.0
Opening Cash Balance 10000.0 10000.0 22033.0 188903.3
Total Receipts 10000.0 2022033.0 2188903.3
Cash surplus or deficit -4277967.0 -2311096.7 2026603.0
Borrowings 6800000.0 4300000.0 2500000.0 0.0
Loan Payments 6800000.0 0.0 0.0 1000000.0
Ending cash Balance 1079566.7 22033.0 188903.3 1026603.0

Profit before depreciation 1038766.7

Less:- Depreciation 72500.0
Profit after interest & depreciation 966266.7
Less:- Dividend @ 10% 10000.0
Profit after dividend 956266.7
Calculations for interest
Borrowings 6800000.0
Loan Payments
Net borrowings 6800000.0 4300000.0 2500000.0 0.0
Interest Cost 635833.3 0.0 0.0 1000000.0
4300000.0 6800000.0 5800000.0
50166.7 79333.3 67666.7
June July August September October November December January February

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
6800.0 6800.0 6800.0 6800.0 6800.0 6800.0 6800.0 6800.0 6800.0
72000.0 72000.0 72000.0 72000.0 72000.0 72000.0
4167.0 4167.0 4167.0 4167.0 4167.0 4167.0 304167.0 4167.0 4167.0
0.0 0.0 0.0 0.0 0.0 5000.0 5000.0 0.0 0.0
67666.7 67666.7 67666.7 67666.7 67666.7 67666.7 67666.7 32666.7 0.0

150633.7 150633.7 150633.7 150633.7 150633.7 155633.7 383633.7 43633.7 10967.0

0.0 0.0 0.0 0.0 0.0 200000.0 200000.0

0.0 0.0 0.0 0.0 0.0 3600000.0 3600000.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 3600000.0 3600000.0 0.0
1026603.0 875969.3 725335.7 574702.0 424068.3 273434.7 117801.0 334167.3 1090533.7
1026603.0 875969.3 725335.7 574702.0 424068.3 273434.7 3717801.0 3934167.3 1090533.7
875969.3 725335.7 574702.0 424068.3 273434.7 117801.0 3334167.3 3890533.7 1079566.7
0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 3000000.0 2800000.0
875969.3 725335.7 574702.0 424068.3 273434.7 117801.0 334167.3 1090533.7 1079566.7
interest 30800.0
dividend 8000.0

loan 0.0
38800.0
Ending Cash 1040766.7
 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 3000000.0 2800000.0
5800000.0 5800000.0 5800000.0 5800000.0 5800000.0 5800000.0 2800000.0 0.0 0.0
67666.7 67666.7 67666.7 67666.7 67666.7 67666.7 32666.7 0.0 0.0
Sl.No. Details M-00 M-01 M-02 M-03
A Investment
A1 Land -1.20
A2 Building -6.00
A3 Plant and Machinery -1.00
A5 Preliminary Expenses -0.50
A7 Working Capital Margin -15.49
Total Investment -24.19
B Sales
B1 Capacity Utilisation (%) 80.00 80.00 80.00
B2 Production of Kernel(in Kgs) 32400 32400 32400
B3 Selling Price (Rs./Kg) 200 210 221
Sales Revenue 64.80 68.04 71.44
C Cost of Production and Sales
C1 Raw Materials 49.25 51.71 54.30
C2 Power & Fuel 0.65 0.68 0.71
C3 Salaries(1Sec@Rs5000, 1guard@Rs1800PM for 12 months) 0.82 0.82 0.82
C4 Wages(40 labourers) @Rs1800 PM(9 months) 6.48 6.48 6.48
C5 Factory Overheads 0.50 0.53 0.55
C6 Selling Expenses 0.50 0.55 0.61
C7 Interest on Working Capital Loan 6.36 6.59 6.92
Total Cost of Production and Sales 64.55 67.35 70.39
D Profit Before Depreciation, Interest and Tax (PBDIT) 0.25 0.69 1.06
E Depreciation 0.85 0.73 0.63
F Profit Before Interest and Tax (PBIT) -0.60 -0.04 0.43
G Interest on Term Loan #REF! 1.25 1.13
H Profit Before Tax (PBT) #REF! -1.29 -0.70
I Write-off of preliminary expenses 0.05 0.05 0.05
J PBT less write-off of prel exp. #REF! -1.34 -0.75
K Unabsorbed loss of previous years 0.00 0.17 0.00
L Gross Income #REF! -1.51 -0.75
N Total Income #REF! -1.51 -0.75
O Income-tax Rate (%) 36.75 36.75 36.75
P Income-tax 0.00 -0.56 -0.28
Q Profit after tax (PAT) #REF! -0.96 -0.48
R Net Salvage Value of fixed assets
S Net Recovery of Working Capital Margin
T Net Cash Flow (NCF) -24.19 #REF! 0.61 0.92
U Present Value (PV) of Net Cash Flows -24.19 #REF!
V Net Present Value (NPV) #REF!
WORKING CAPITAL ESTIMATES
Norm in
months

1 Raw materials 49.25 51.71 54.30

5 Total current assets 49.25 51.71 54.30
6 Working capital margin @ 25% of total current assets 12.31 12.93 13.57
7 Trade credit 0.50 2.05 2.15 2.26
8 Bank credit for working capital 34.88 36.63 38.46
9 Interest rate on Working Capital Loan (%) 18.00 18.00 18.00
10 Interest on Working Capital Loan 6.28 6.59 6.92
DETAILS OF DEPRECIATION
 1 Value of buildings at yr beginning 6.00 5.40 4.86
2 Depreciation on buildings 10.00 0.60 0.54 0.49
3 Value of P&M at yr beginning 1.00 0.75 0.56
4 Depreciation on P&M 25.00 0.25 0.19 0.14
5 Total Depreciation 0.85 0.73 0.63
INTEREST ON TERM LOANS
1 Loan at the beginning of first half 10.43 10.43 9.78
2 Loan repayable during first half 0.00 0.00 0.65
3 Loan at the beginning of second half 10.43 10.43 9.13
4 Loan repayable during second half 0.00 0.65 0.65
5 Annual interest rate (%) 12.00 12.00 12.00
6 Annual interest 1.25 1.25 1.13
COST OF CAPITAL
1 Promoter's Equity 6.00 6.00 6.00
2 Term Loan 10.43 10.43 9.46
3 Khadi Village Industrial C 7.00 7.00 7.00
4 Dividend Rate (%) 0.00 12.00 12.00
5 Weighted cost of capital 4.82 9.20 9.30
6 Weighted average cost of capital 11.83

Sl.No. Details M-00 M-01 M-02 M-03

M-04 M-05 M-06 M-07 M-08 M-09 M-10

80.00 80.00 80.00 80.00 80.00 80.00 80.00

32400 32400 32400 32400 32400 32400 32400
232 243 255 268 281 295 310
75.01 78.76 82.70 86.84 91.18 95.74 100.53

57.01 59.86 62.85 66.00 69.30 72.76 76.40

0.75 0.79 0.83 0.87 0.91 0.96 1.01
0.82 0.82 0.82 0.82 0.82 0.82 0.82
6.48 6.48 6.48 6.48 6.48 6.48 6.48
0.58 0.61 0.64 0.67 0.70 0.74 0.78
0.67 0.73 0.81 0.89 0.97 1.07 1.18
7.27 7.63 8.01 8.41 8.84 9.28 9.74
73.57 76.92 80.43 84.13 88.02 92.10 96.40
1.44 1.85 2.27 2.71 3.16 3.64 4.13
0.54 0.47 0.41 0.36 0.32 0.28 0.25
0.90 1.38 1.85 2.34 2.84 3.35 3.88
0.98 0.82 0.67 0.51 0.35 0.20 0.04
-0.08 0.55 1.19 1.83 2.49 3.15 3.84
0.05 0.05 0.05 0.05 0.05 0.05 0.05
-0.13 0.50 1.14 1.78 2.44 3.10 3.79
0.00 0.00 0.00 0.00 0.00 0.00 0.00
-0.13 0.50 1.14 1.78 2.44 3.10 3.79
-0.13 0.50 1.14 1.78 2.44 3.10 3.79
36.75 36.75 36.75 36.75 36.75 36.75 36.75
-0.05 0.18 0.42 0.66 0.90 1.14 1.39
-0.08 0.32 0.72 1.13 1.54 1.96 2.40
2.65
15.49
1.13 1.36 1.61 1.86 2.14 2.42 20.86

57.01 59.86 62.85 66.00 69.30 72.76 76.40

57.01 59.86 62.85 66.00 69.30 72.76 76.40
14.25 14.97 15.71 16.50 17.32 18.19 19.10
2.38 2.49 2.62 2.75 2.89 3.03 3.18
40.38 42.40 44.52 46.75 49.09 51.54 54.12
18.00 18.00 18.00 18.00 18.00 18.00 18.00
7.27 7.63 8.01 8.41 8.84 9.28 9.74
 4.37 3.94 3.54 3.19 2.87 2.58 2.32
0.44 0.39 0.35 0.32 0.29 0.26 0.23
0.42 0.32 0.24 0.18 0.13 0.10 0.08
0.11 0.08 0.06 0.04 0.03 0.03 0.02
0.54 0.47 0.41 0.36 0.32 0.28 0.25

8.48 7.18 5.88 4.58 3.28 1.98 0.68

0.65 0.65 0.65 0.65 0.65 0.65 0.68
7.83 6.53 5.23 3.93 2.63 1.33 0.00
0.65 0.65 0.65 0.65 0.65 0.65
12.00 12.00 12.00 12.00 12.00 12.00 12.00
0.98 0.82 0.67 0.51 0.35 0.20 0.04

6.00 6.00 6.00 6.00 6.00 6.00 6.00

8.16 6.86 5.56 4.26 2.96 1.66 0.34
7.00 7.00 7.00 7.00 7.00 7.00 7.00
14.00 14.00 16.00 16.00 18.00 18.00 20.00
10.31 10.58 11.96 12.51 14.56 15.75 19.33

M-04 M-05 M-06 M-07 M-08 M-09 M-10