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Annexure: C.

I
ANNEXURE - C.I

ESTIMATED FINANCIAL RESULTS


Item

1st Year

Capacity Utilization

2nd Year
95%

3rd Year
97%

4th Year

98%

5th Year

98%

6th Year
98%

7th Year

98%

8th Year

98%

9th Year

98%

98%

10th Year Reference


97%

Sales Revenue

185,538

197,421

199,920

199,920

199,920

199,920

199,920

199,920

199,920

197,880

Annexure-IV

Gross Profit

84,367

82,258

81,705

80,543

79,471

78,291

76,994

75,567

73,997

71,058

Annexure-III

Operating Profit

76,663

73,979

72,899

71,170

69,473

67,608

65,556

63,299

60,816

56,878

Annexure-III

Net Profit before Tax

37,858

40,322

44,428

47,968

51,537

54,931

58,135

58,472

55,921

51,958

Annexure-III

Net Profit after Tax

37,858

40,322

44,428

47,968

51,537

54,931

58,135

58,472

55,921

51,958

Annexure-III

Retained Earnings

37,858

40,322

44,428

47,968

51,537

54,931

58,135

58,472

55,921

51,958

Annexure-III

Gross Profit to Sales

45.47%

41.67%

40.87%

40.29%

39.75%

39.16%

38.51%

37.80%

37.01%

35.91%

Annexure-III

Operating Profit to Sales

41.32%

37.47%

36.46%

35.60%

34.75%

33.82%

32.79%

31.66%

30.42%

28.74%

Annexure-III

Net Profit to Sales (before Tax)

20.40%

20.42%

22.22%

23.99%

25.78%

27.48%

29.08%

29.25%

27.97%

26.26%

Annexure-III

Net Profit to Sales (after Tax)

20.40%

20.42%

22.22%

23.99%

25.78%

27.48%

29.08%

29.25%

27.97%

26.26%

Annexure-III

Investment-Service Coverage Ratio

1.08

1.11

1.18

1.25

1.32

1.41

1.52

15.78

15.05

14.18

Cost Per Brick

5.28

5.13

5.00

4.85

4.71

4.57

4.44

4.40

4.46

4.53

Annexure-IX.B

Weighted Average Cost Of Capital

4.13%

Annexure-XIII

Financial Internal Rate Of Return (FIRR)

17.03%

Annexure-XIV

17.08%

Annexure-XV

578150.19

Annexure-XV

Modified Internal Rate Of Return (MIRR)


Net Present Value (NPV)
Break Even Sales
Break Even Capacity

113157.11
58%

118387.63
58%

112168.50
55%

Annexure-XVI

Of Installed Capacity.

Pay-Back Period

Annexure-XVI

6.47 Years

Page 1 of 71

Annexure-XVII

ANNEXURE: C.II
ANNEXURE - C.II

CAPITAL REQUIREMENT & PROPOSED MEANS OF FINANCE


FIXED COST OF THE PROJECT (in 000)
130,000

Land And Land Development

47,694

Building and Civil Work


Machinery

209,576

Total Investment Req

387,270

209576

Machinery Cost

MEANS OF FINANCE
a. Term
Against Total Estimated Cost of the Project
Amount
Long-term Loan

Total
b. Working Capital

Amount

309816

80%

167661

0%

0%

77454

20%

41915

20%

387270

100%

209576

100%

Bridge Financiang
Owner's Equity

Against Total Cost of Machinery & Equipment

1st Year

2nd Year

3rd Year

4th Year

6th Year

5th Year

7th Year

80%

8th Year

9th Year

10th Year

Bank's Finance:
Amount
%
Owners Equity

35688.40

37047.49

38089.83

38439.65

38824.43

39247.67

39713.22

40225.29

40788.55

80%

80%

80%

80%

80%

80%

80%

80%

80%

40997.81
80%

8922.10

9261.87

9522.46

9609.91

9706.11

9811.92

9928.30

10056.32

10197.14

10249.45

ANNEXURE - C.III
ANNEXURE - C.III

Page 2 of 71

EARNING FORECAST
Item

1st Year

Capacity Utilization

2nd Year
95%

3rd Year

97%

4th Year

98%

5th Year

98%

6th Year
98%

7th Year

98%

8th Year

98%

9th Year

98%

98%

10th Year Reference


97%

Sales Revenue

185538.00

197421.00

199920.00

199920.00

199920.00

199920.00

199920.00

199920.00

199920.00

197880.00 Annexure-IV

Cost Of Goods Sold

101171.06

115163.13

118214.66

119377.07

120449.26

121628.66

122926.01

124353.09

125922.88

126821.82 Annexure-V

Gross Profit

84366.94

82257.87

81705.34

80542.93

79470.74

78291.34

76993.99

75566.91

73997.12

71058.18

Admin. & General Expenses

7703.85

8279.05

8806.10

9373.38

9997.29

10683.49

11438.21

12268.30

13181.30

14180.40

Annexure-VI
Annexure-VII

Income From Waste Raw Material

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Operating Profit

76663.09

73978.81

72899.24

71169.55

69473.45

67607.85

65555.78

63298.61

60815.83

56877.79

Financial Expenses

38804.96

33656.92

28470.87

23201.72

17936.76

12676.42

7421.15

4827.03

4894.63

4919.74

Net Profit before Tax

37858.13

40321.89

44428.37

47967.83

51536.69

54931.43

58134.63

58471.58

55921.20

51958.05

Income Tax (@35%)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Income Tax Reserve

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

37858.13

40321.89

44428.37

47967.83

51536.69

54931.43

58134.63

58471.58

55921.20

51958.05

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Net Profit after Tax


Dividend Paid
Retained Earnings

37858.13

40321.89

44428.37

47967.83

51536.69

54931.43

58134.63

58471.58

55921.20

51958.05

Gross Profit to Sales

45.47%

41.67%

40.87%

40.29%

39.75%

39.16%

38.51%

37.80%

37.01%

35.91%

Operating Profit to Sales

41.32%

37.47%

36.46%

35.60%

34.75%

33.82%

32.79%

31.66%

30.42%

28.74%

Net Profit to Sales (before Tax)

20.40%

20.42%

22.22%

23.99%

25.78%

27.48%

29.08%

29.25%

27.97%

26.26%

Net Profit to Sales (after Tax)

20.40%

20.42%

22.22%

23.99%

25.78%

27.48%

29.08%

29.25%

27.97%

26.26%

Page 3 of 71

Annexure-IX

ANNEXURE - C.IV-A

Yearly Production at 100% Capacity


Item
Bricks

Total Sales Revenue

Quty(in Pcs)
30,000,000

Rate
(in Taka)

Total (in '000')


8

240,000

240,000

Page 4 of 71

ANNEXURE - C.IV-b

ESTIMATED SALES REVENUE


1st Year

Item
Capacity Utilization

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year Reference

95%

97%

98%

98%

98%

98%

98%

98%

98%

228000.00

232800.00

235200.00

235200.00

235200.00

235200.00

235200.00

235200.00

235200.00

Add. Opening Stock Of WIP

0.00

2520.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

Less. Closing Stock Of WIP

2520.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

Add.Opening Stock Of FG

0.00

7200.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

Less: Closing Stock Of FG

7200.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

Total Estimated Sales :

218280.00

232260.00

235200.00

235200.00

235200.00

235200.00

235200.00

235200.00

235200.00

232800.00

15% on Estimated Sales

32742.00

34839.00

35280.00

35280.00

35280.00

35280.00

35280.00

35280.00

35280.00

34920.00

Less adjustment with RM

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

32742.00

34839.00

35280.00

35280.00

35280.00

35280.00

35280.00

35280.00

35280.00

34920.00

185538.00

197421.00

199920.00

199920.00

199920.00

199920.00

199920.00

199920.00

199920.00

197880.00

6.510105263

6.784226804

6.8

6.8

6.8

6.8

6.8

6.8

6.8

6.8

Total Sales

97%
232800.00 Annexure-IV.A

Adjustment for Inventories:

LESS VAT

Net VAT payable


Sales after paying VAT

Per Brick sp after paying vat

185250000.00
185250

6.50

Page 5 of 71

28,500,000

0.00 Annexure-V.A

ANNEXURE - C.V

COST OF GOODS SOLD


1st Year
Capacity Utilization
Raw Materials
Salaries & Wages for Factory Stuff

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

Reference

95%

97%

98%

98%

98%

98%

98%

98%

98%

60918.75

62201.25

62842.50

62842.50

62842.50

62842.50

62842.50

62842.50

62842.50

62201.25 Annexure-V.A

97%

8150.54

8965.60

9862.16

10848.37

11933.21

13126.53

14439.19

15883.10

17471.41

19218.56 Annexure-V.B

Depreciation

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50 Annexure-V.C

Utilities

25436.25

25971.75

26239.50

26239.50

26239.50

26239.50

26239.50

26239.50

26239.50

25971.75 Annexure-V.C

Stores & Spares

1047.88

1571.82

2095.76

2095.76

2095.76

2095.76

2095.76

2095.76

2095.76

2095.76 Annexure-V.C

Repair & Maintenance

1286.35

1929.53

2572.70

2572.70

2572.70

2572.70

2572.70

2572.70

2572.70

2572.70 Annexure-V.C

Tax & Insurance

2038.10

2040.25

2041.32

2041.32

2041.32

2041.32

2041.32

2041.32

2041.32

2040.25 Annexure-V.C

Rent of Factory Land/Building

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00 Annexure-V.C

Other Manufacturing Overhead

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

111741.38

115543.69

118517.44

119503.65

120588.49

121781.81

123094.46

124538.38

126126.69

126963.76

0.00

2607.30

2696.02

2765.41

2788.42

2813.73

2841.58

2872.20

2905.90

Total
Adjustment for Inventories:
Add:Opening Stock Of WIP
C.O.G.S before adjustment of C.S

111741.38

118150.99

121213.45

122269.06

123376.91

124595.54

125936.04

127410.59

129032.59

Less: Closing Stock Of WIP

2607.30

2696.02

2765.41

2788.42

2813.73

2841.58

2872.20

2905.90

2942.96

Total Cost Of Goods Sold

109134.08

115454.97

118448.05

119480.64

120563.18

121753.97

123063.83

124504.69

126089.63

Add: O.S Of FinishedGoods


Goods Available For Sale
Less:C.S.Of Finished Goods
Net Cost of Goods Sold:

0.00

7963.01

8254.85

8488.24

8591.80

8705.72

8831.02

8968.84

9120.45

109134.08

123417.98

126702.90

127968.88

129154.98

130459.68

131894.85

133473.53

135210.08

7963.01

8254.85

8488.24

8591.80

8705.72

8831.02

8968.84

9120.45

9287.20

101171.06

115163.13

118214.66

119377.07

120449.26

121628.66

122926.01

124353.09

125922.88

Page 6 of 71

2942.96 Annexure-VIII
129906.72
2962.49 Annexure-VIII
126944.23
9287.20 Annexure-VIII
136231.43
9409.61 Annexure-VIII
126821.82

ANNEXURE - C.V-A
RAW MATERIALS :
Imported/Basic Raw-Materials:
Quantity
(in cft)

Item
Coal

Other Cost
Related to
Import

C&F Value
3,750 Mt

Vat

Landed Cost
Per Unit

Total C & F
Cost

Total VAT

Total Other
Costs

Total Cost

(In Taka)

(In '000' Taka)

(In '000' Taka)

(In'000' Taka)

(In '000' Taka)

0.00

11500.00

43125.00

0.00

0.00

0.00

43125.00

Local Raw-Material :
Clay

2,100,000

10

21000

21000.00

Total (Imported + Local):


Total Raw Material
Requirement

64125.00

1st Year
60918.75

2nd Year
62201.25

3rd Year
62842.50

4th Year
62842.50

Page 7 of 71

5th Year
62842.50

6th Year
62842.50

7th Year
62842.50

8th Year
62842.50

9th Year
62842.50

10th Year
62201.25

ANNEXURE - C.V.B

Factory Staff:Position

No(s)

Salary/ Month

Total Salary

Factory Office Staff

10

8,444

1,013.28

Machine Room Staff

20

8,267

1,984.08

Dryer Staff

10

7,500

900.00

Klin Staff

30

8,041

2,894.76

Sub - Total

70

6,792.12

OPERATOR/ LABOR :
Category

Sub - Total

No(s)

Salary/ Month

Total Salary

GRAND TOTAL :

70

6,792.12

Annual Salaries & Wages for Factory Staff


Item
Salary

1st Year

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

6792.12

6792.12

7471.33

8218.47

9040.31

9944.34

10938.78

12032.65

13235.92

14559.51

0.00

679.21

747.13

821.85

904.03

994.43

1093.88

1203.27

1323.59

1455.95

Sub - Total :

6792.12

7471.33

8218.47

9040.31

9944.34

10938.78

12032.65

13235.92

14559.51

16015.46

Bonus

1358.42

1494.27

1643.69

1808.06

1988.87

2187.76

2406.53

2647.18

2911.90

3203.09

Total:

8150.54

8965.60

9862.16

10848.37

11933.21

13126.53

14439.19

15883.10

17471.41

19218.56

Increment

Page 8 of 71

ANNEXURE - C.V.C
1st Year

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

DEPRECIATION :
Building

2384.70

2384.70

2384.70

2384.70

2384.70

2384.70

2384.70

2384.70

2384.70

2384.70

Machinery

10478.80

10478.80

10478.80

10478.80

10478.80

10478.80

10478.80

10478.80

10478.80

10478.80

Total Depreciation :

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

26239.50

26239.50

26239.50

26239.50

26239.50

26239.50

25971.75

UTILITIES :
Water

Power

1000 KW

Fuel & Lubricant

0.00
26400.00

???????

Gas
Total Requirement for Utilities:

375.00
0
25436.25

0.00
25971.75

26239.50

STORE AND SPARES :


Requirement as % of M/C Cost:

0.50%

0.75%

1.00%

1.00%

1.00%

1.00%

1.00%

1.00%

1.00%

1.00%

1047.88

1571.82

2095.76

2095.76

2095.76

2095.76

2095.76

2095.76

2095.76

2095.76

1047.88

1571.82

2095.76

2095.76

2095.76

2095.76

2095.76

2095.76

2095.76

2095.76

238.47

357.71

476.94

476.94

476.94

476.94

476.94

476.94

476.94

476.94

1286.35

1929.53

2572.70

2572.70

2572.70

2572.70

2572.70

2572.70

2572.70

2572.70

1936.35

1936.35

1936.35

1936.35

1936.35

1936.35

1936.35

1936.35

1936.35

1936.35

101.75

103.90

104.97

104.97

104.97

104.97

104.97

104.97

104.97

103.90

2038.10

2040.25

2041.32

2041.32

2041.32

2041.32

2041.32

2041.32

2041.32

2040.25

Area of Land/Building :

0.00

Acres

Amount Required :

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

No.1

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

No.2

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

No.3

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Amount Required:
REPAIR AND MAINTENANCE :
Machinery
Building
Total Requirement
TAX AND INSURANCE :
For Fixed Assets
For Inventory
Total Requirement:
RENT OF FACTORY LAND/BUILDING:

Other Manufacturing Overhead

Page 9 of 71

ANNEXURE - C.VI

ADMINISTRATIVE, GENERAL AND SELLING EXPENSES


Item

1st Year

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

Directors Remuneration

1200.00

1200.00

1200.00

1200.00

1200.00

1200.00

1200.00

1200.00

1200.00

1200.00

Administrative Salary

4680.00

5148.00

5663.80

6231.08

6854.99

7541.19

8295.91

9126.00

10039.00

11043.20

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

172.50

175.00

180.00

180.00

180.00

180.00

180.00

180.00

180.00

180.00

62.50

62.50

62.50

62.50

62.50

62.50

62.50

62.50

62.50

62.50

Traveling & Conveyance

175.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

Advertisement & Marketing

500.00

500.00

500.00

500.00

500.00

500.00

500.00

500.00

500.00

500.00

Entertainment

150.00

150.00

150.00

150.00

150.00

150.00

150.00

150.00

150.00

150.00

Write-off
Postage, Telephone, Telegram etc.
Stationary & Printing

Audit Fee
Selling Expenses (0.25% on sales)
Office Rent
Misc. Expense
TOTAL ADMINISTRATIVE,
GENERAL
AND SELLING EXPANSES

50.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

463.85

493.55

499.80

499.80

499.80

499.80

499.80

499.80

499.80

494.70

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

7703.85

8279.05

8806.10

9373.38

9997.29

10683.49

11438.21

12268.30

13181.30

14180.40

Page 10 of 71

ANNEXURE - C.VI.B
ADMINISTRATIVE SALARY :
No(s)

Monthly Salary

Total Sal./ yr.

CEO

Position

40000

480

General Manager

30000

360

Manager (Admin & Personnel)

15000

180

Manager ( Marketing)

15000

180

Manager ( Finance & Accounts)

15000

180

Manager ( Commercial)

15000

180

Manager ( Production)

15000

180

Officer Sales & Marking

10000

120

Purchase Officer

10000

120

Stock Officer

10000

120

Commercial Officer

10000

120

Accounts & Finance Officer

10000

120

Asst. Sales Officer

10000

120

Asst. Marketing Officer

10000

240

Asst. Store officer& Others

10000

1080

Security

10000

120

Total :

25

3900

Annual Requirement for Administrative Salary:


Item
Salary
Increment ( @10% per year )
Sub - Total
Bonus
Others
Total Adminis. Salary :

1st Year

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

3900.00

3900.00

4290.00

4719.00

5190.90

5709.99

6280.99

6909.09

7600.00

0.00

390.00

429.00

471.90

519.09

571.00

628.10

690.91

760.00

8360.00
836.00

3900.00

4290.00

4719.00

5190.90

5709.99

6280.99

6909.09

7600.00

8360.00

9196.00

780.00

858.00

943.80

1038.18

1142.00

1256.20

1381.82

1520.00

1672.00

1839.20

0.00

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

4680.00

5148.00

5663.80

6231.08

6854.99

7541.19

8295.91

9126.00

10039.00

11043.20

DEPRECIATION AND WRITE-OFF :


Other Assets
Pre Operating Expenses

Page 11 of 71

Total

0.00

ANNEXURE - C.VII

ASSESSMENT OF WORKING CAPITAL


Current Assets

Tide-up Period (days)

Imported Raw Materials(LC & Bills Stage)

Local Raw Matrials

Current

Tide-up Period

Assets

Work In Process

Finished goods

20

Inventory of Imported Raw Materials

90

Receivable

60

Inventory of Local Raw Materials

60

Store & Spares

Current Assets

1st Year

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

90

8th Year

9th Year

10th Year

Imported Raw Materials(LC & Bills Stage)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Local Raw Matrials

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

10242.19

10457.81

10565.63

10565.63

10565.63

10565.63

10565.63

10565.63

10565.63

10457.81

Inventory of Local Raw Materials

3325.00

3395.00

3430.00

3430.00

3430.00

3430.00

3430.00

3430.00

3430.00

3395.00

Work in Process

2607.30

2696.02

2765.41

2788.42

2813.73

2841.58

2872.20

2905.90

2942.96

2962.49

Finished Goods

7963.01

8254.85

8488.24

8591.80

8705.72

8831.02

8968.84

9120.45

9287.20

9409.61

23889.04

24764.55

25464.71

25775.41

26117.16

26493.06

26906.53

27361.34

27861.60

28228.83

Inventory of Imported Raw Materials

Receivable
Stores & Spares
Total :

0.00

314.36

471.55

628.73

628.73

628.73

628.73

628.73

628.73

628.73

523.94

48340.91

50039.78

51342.70

51779.98

52260.96

52790.01

53371.94

54012.03

54716.11

54977.68

Less-Dep. Involves in WIP,FG & Rec.

3730.42

3730.42

3730.42

3730.42

3730.42

3730.42

3730.42

3730.42

3730.42

3730.42

Total Working Capital Requirement

44610.49

46309.36

47612.29

48049.56

48530.54

49059.59

49641.52

50281.61

50985.69

51247.27

Margin against W/C Finance


W/C for Bank Finance

8922.10

9261.87

9522.46

9609.91

9706.11

9811.92

9928.30

10056.32

10197.14

10249.45

35688.40

37047.49

38089.83

38439.65

38824.43

39247.67

39713.22

40225.29

40788.55

40997.81

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Break-up of Working Capital for Bank Finance


Non Funded (L/C Stage)

0.00

Funded:
For Bills Stage

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

For Inventory of Imported RM

8193.75

8366.25

8452.50

8452.50

8452.50

8452.50

8452.50

8452.50

8452.50

8366.25

For Inventory of Local RM

2660.00

2716.00

2744.00

2744.00

2744.00

2744.00

2744.00

2744.00

2744.00

2716.00

For WIP Stage

2085.84

2156.82

2212.33

2230.73

2250.99

2273.26

2297.76

2324.72

2354.36

2369.99

For FG Stage

6370.41

6603.88

6790.59

6873.44

6964.57

7064.82

7175.08

7296.36

7429.76

7527.69

For Receivable Stage

16378.39

17204.54

17890.42

18138.98

18412.37

18713.10

19043.88

19407.72

19807.93

20017.89

Sub-Total (Funded):

35688.40

37047.49

38089.83

38439.65

38824.43

39247.67

39713.22

40225.29

40788.55

40997.81

Page 12 of 71

Total W/C for Bank Finance:

35688.40

37047.49

38089.83

38439.65

38824.43

39247.67

39713.22

40225.29

40788.55

40997.81

ANNEXURE - C.VII.A

TOTAL INCOME FROM OTHER SOURCES


Item

1st Year

Short Term Investment

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

Waste Raw Material

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Total :

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

INCOME FROM SALES OF WASTE RAW MATERIAL


Item

Quantity (Ton)

Rate

Total Sales Price

Usable

Unusable

Total Salable Waste

ANNEXURE - C.VII.B

For Year 1

Item Wise Unit Cost

Particular
Raw Materials
Salaries & Wages for Factory
Depreciation
Utilities
Stores & Spares
Repair & Maintenance
Tax & Insurance
Financial Expense
Total

Total Cost in
000
60918.75
8150.54
12863.50
25436.25
1047.88
1286.35
2038.10
38804.96
150546.34

Pcs Prod
28500000
28500000
28500000
28500000
28500000
28500000
28500000
28500000

Unit Cost
2.14
0.29
0.45
0.89
0.04
0.05
0.07
1.36
5.28

Page 13 of 71

ANNEXURE - C.VIII

FINANCIAL EXPENSES
Item
Profit on Long Term Investment

1st Year

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

34522.35

29211.22

23900.09

18588.96

13277.83

7966.70

2655.57

0.00

0.00

0.00

4282.61

4445.70

4570.78

4612.76

4658.93

4709.72

4765.59

4827.03

4894.63

4919.74

0.00

0.00

0.00

4827.03

4894.63

4919.74

Profit on Bridge Financing


Profit on Working Capital Investment
Profit during Gestation Period on L.T.I
Total Financial Expenses

38804.96

33656.92

28470.87

23201.72

17936.76

12676.42

7421.15

PROFIT ON LONG TERM INVESTMENT

1st Year
Principal
Principal Re-payment

2nd Year

309816.00

265556.57

3rd Year
221297.14

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

177037.71

132778.29

88518.86

44259.43

0.00

0.00

0.00

44259.43

44259.43

44259.43

44259.43

44259.43

44259.43

44259.43

0.00

0.00

0.00

Closing Balance

265556.57

221297.14

177037.71

132778.29

88518.86

44259.43

0.00

0.00

0.00

0.00

Average Balance

287686.29

243426.86

199167.43

154908.00

110648.57

66389.14

22129.71

0.00

0.00

0.00

34522.35

29211.22

23900.09

18588.96

13277.83

7966.70

2655.57

0.00

0.00

0.00

Profit/Rent

PROFIT/COMMISSION ON WORKING CAPITAL FINANCE

1st Year
Required Total W/C Finance/Investment

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

35688.40

37047.49

38089.83

38439.65

38824.43

39247.67

39713.22

40225.29

40788.55

Working Capital Finance(No-Funded)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Working Capital Investment(Funded)

35688.40

37047.49

38089.83

38439.65

38824.43

39247.67

39713.22

40225.29

40788.55

40997.81

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Profit on W/C Investment

4282.61

4445.70

4570.78

4612.76

4658.93

4709.72

4765.59

4827.03

4894.63

4919.74

Total Profit/Commission:

4282.61

4445.70

4570.78

4612.76

4658.93

4709.72

4765.59

4827.03

4894.63

4919.74

Commission on W/C Finance

Page 14 of 71

40997.81

ANNEXURE - IX.A

REPAYMENT SCHEDULE OF LONG TERM LOAN


Principal Loan
Repayment Period

309816
7.00 Years

Nos. of Installment
Annual Interest Rate
Installment Size

28 Quarterly
12.00%

(16,511.10)

Adjustment of Loan
Principal
Outstanding

Interest

Installment
Paid

Principal
Adjustment

Installment

Interest

Installment
Paid

Principal
Adjustment

1st'

309816.00

9294.48

16511.10

7216.62

15th'

2nd'

302599.38

9077.98

16511.10

7433.11

16th'

186510.55

5595.32

16511.10

10915.78

175594.77

5267.84

16511.10

11243.25

3rd'

295166.27

8854.99

16511.10

7656.11

4th'

287510.16

8625.30

16511.10

7885.79

17th'

164351.52

4930.55

16511.10

11580.55

18th'

152770.97

4583.13

16511.10

5th'

279624.37

8388.73

16511.10

11927.97

8122.37

19th'

140843.00

4225.29

16511.10

6th'

271502.00

8145.06

12285.81

16511.10

8366.04

20th'

128557.20

3856.72

16511.10

12654.38

7th'

263135.97

8th'

254518.95

7894.08

16511.10

8617.02

21st'

115902.81

3477.08

16511.10

13034.01

7635.57

16511.10

8875.53

22nd'

102868.80

3086.06

16511.10

9th'

13425.03

245643.42

7369.30

16511.10

9141.79

23rd'

89443.77

2683.31

16511.10

13827.78

10th'

236501.63

7095.05

16511.10

9416.05

24th'

75615.99

2268.48

16511.10

14242.62

11th'

227085.58

6812.57

16511.10

9698.53

25th'

61373.37

1841.20

16511.10

14669.90

12th'

217387.05

6521.61

16511.10

9989.48

26th'

46703.47

1401.10

16511.10

15109.99

13th'

207397.57

6221.93

16511.10

10289.17

27th'

31593.48

947.80

16511.10

15563.29

14th'

197108.40

5913.25

16511.10

10597.84

28th'

16030.19

480.91

16511.10

16030.19

Installment

Page 15 of 71

Principal
Outstanding

ANNEXURE - C.IX.B

INVESTMENT - SERVICE COVERAGE RATIO


Income

1st Year

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

Operating Profit

76663.09

73978.81

72899.24

71169.55

69473.45

67607.85

65555.78

63298.61

60815.83

56877.79

Depreciation & Write-off


Income Available For
Meeting Liability

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

89526.59

86842.31

85762.74

84033.05

82336.95

80471.35

78419.28

76162.11

73679.33

69741.29

Liabilities for Re-payment

1st Year

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

Installment Of Term Investment

44259.43

44259.43

44259.43

44259.43

44259.43

44259.43

44259.43

0.00

0.00

0.00

Financial Expenses

38804.96

33656.92

28470.87

23201.72

17936.76

12676.42

7421.15

4827.03

4894.63

4919.74

Total Liability for Re-payment

83064.39

77916.35

72730.30

67461.15

62196.19

56935.85

51680.58

4827.03

4894.63

4919.74

Investment-Service Coverage
Ratio(Times)

1.08

1.11

1.18

1.25

1.32

1.41

1.52

15.78

15.05

14.18

Page 16 of 71

ANNEXURE: C.X
PROJECTED CASH FLOW STATEMENT
Sources of Fund
Owners Equity in Fixed Investment
Increase in Current Liability

Const. Year

1st Year

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

77454.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

35688.40

1359.09

1042.34

349.82

384.78

423.24

465.54

512.08

563.26

209.26

309816.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Bridge Financing

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Retained Earnings

0.00

37858.13

40321.89

44428.37

47967.83

51536.69

54931.43

58134.63

58471.58

55921.20

51958.05

Tax Holiday Reserve

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Depreciation

0.00

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

12863.50

Equity Contribution in W/C

0.00

8922.10

339.77

260.59

87.46

96.20

105.81

116.39

128.02

140.82

52.32

387270.00

95332.12

54884.26

58594.79

61268.61

64881.17

68323.98

71580.06

71975.17

69488.78

65083.12

Long Term Bank Loan

Total Fund

Application Of Fund :
Capital Investment

Const. Year
387270.000

1st Year

2nd Year
0.00

0.00

3rd Year
0.00

4th Year

5th Year
0.00

0.00

6th Year
0.00

7th Year
0.00

8th Year
0.00

9th Year
0.00

10th Year
0.00

Pre Operating Expenses

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Increase In Current Assets

0.00

48340.91

1698.87

1302.93

437.28

480.98

529.05

581.93

640.09

704.08

261.58

Repayment Of Loan

0.00

44259.43

44259.43

44259.43

44259.43

44259.43

44259.43

44259.43

0.00

0.00

0.00

387270.00

92600.34

45958.29

45562.36

44696.71

44740.41

44788.48

44841.36

640.09

704.08

261.58

Cash Surplus

0.00

2731.79

8925.96

13032.44

16571.90

20140.76

23535.50

26738.70

71335.08

68784.70

64821.55

Opening Cash Balance

0.00

0.00

2731.79

11657.75

24690.19

41262.09

61402.85

84938.35

111677.06

183012.14

251796.84

Closing Cash Balance

0.00

2731.79

11657.75

24690.19

41262.09

61402.85

84938.35

111677.06

183012.14

251796.84

316618.38

Total Application Of Fund :

Page 17 of 71

ANNEXURE - C.XI

PROJECTED BALANCE SHEET


Assets

Construction

Taka

1st

Taka

2nd

Taka

3rd

Taka

4th

Taka

5th

Taka

7th

Taka

84938.35

111677.06

8th

Taka

9th

Taka

10th

Taka

Free Cash

0.00

2731.79

11657.75

24690.19

41262.09

Restricted Cash

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Cash Balance

0.00

2731.79

11657.75

24690.19

41262.09

61402.85

84938.35

111677.06

Raw & Packing Materials

0.00

13567.19

13852.81

13995.63

13995.63

13995.63

13995.63

13995.63

13995.63

13995.63

13852.81

Work in Process

0.00

2607.30

2696.02

2765.41

2788.42

2813.73

2841.58

2872.20

2905.90

2942.96

2962.49

Finished Goods

0.00

7963.01

8254.85

8488.24

8591.80

8705.72

8831.02

8968.84

9120.45

9287.20

9409.61

Receivable

0.00

23889.04

24764.55

25464.71

25775.41

26117.16

26493.06

26906.53

27361.34

27861.60

28228.83

Store & Spares

0.00

314.36

471.55

628.73

628.73

628.73

628.73

628.73

628.73

628.73

523.94

Other Current Assets

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Current Assets

0.00

51072.70

61697.52

76032.89

93042.07

113663.81

137728.36

165048.99

237024.17 306512.94

371596.07

Pre Operating Expenses

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Fixed Assets

387270.00

374406.50

361543.00

348679.50

335816.00

322952.50

310089.00

297225.50

Total Assets

387270.00

425479.20

423240.52

424712.39

428858.07

436616.31

447817.36

462274.49

Liabilities

Construction

Taka

1st

Taka

2nd

Taka

3rd

Taka

61402.85

6th

Taka

4th

Taka

Taka

Taka

183012.14 251796.84 316618.38


0.00

0.00

0.00

183012.14 251796.84

316618.38

0.00

0.00

0.00

284362.00 271498.50

258635.00

521386.17

Taka

578011.44

Taka

630231.07

Taka

10

Taka

Long Term Loan

309816.00

265556.57

221297.14

177037.71

132778.29

88518.86

44259.43

0.00

0.00

0.00

Bridge Financing

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Working Capital Loan

0.00

35688.40

37047.49

38089.83

38439.65

38824.43

39247.67

39713.22

40225.29

40788.55

40997.81

Total Liabilities

309816.00

301244.97

258344.63

215127.54

171217.94

127343.29

83507.10

39713.22

40225.29

40788.55

40997.81

Equity

Taka

Taka

Taka

Taka

Taka

Taka

Taka

Taka

Taka

Taka

0.00

Taka

Paid Up Capital

77454.00

77454.00

77454.00

77454.00

77454.00

77454.00

77454.00

77454.00

77454.00

77454.00

77454.00

Equity from IPO

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Increment in Equity Participation

0.00

8922.10

9261.87

9522.46

9609.91

9706.11

9811.92

9928.30

10056.32

10197.14

10249.45

Page 18 of 71

Tax Holiday Reserve

0.00

Retained Earnings
Total Equity
Total Liability & Equity

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

393650.55 449571.75

501529.80

0.00

37858.13

78180.02

122608.39

170576.22

222112.91

277044.34

335178.97

77454.00

124234.23

164895.89

209584.85

257640.13

309273.02

364310.26

422561.28

481160.87

537222.89

589233.25

387270.00

425479.20

423240.52

424712.39

428858.07

436616.31

447817.36

462274.49

521386.17

578011.44

630231.07

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Asset - (L+E)

ANNEXURE - C.XII

EXPECTED KEY RATIOS


Construction

1st

2nd

3rd

4th

10

DEBT ( % )

80.00

70.80

61.04

50.65

39.92

29.17

18.65

8.59

7.72

7.06

6.51

EQUITY ( % )

20.00

29.20

38.96

49.35

60.08

70.83

81.35

91.41

92.28

92.94

93.49

Current Ratio

0.64

0.76

0.92

1.13

1.37

1.65

1.97

5.89

7.51

9.06

Quick Ratio

0.33

0.45

0.61

0.81

1.05

1.33

1.65

5.23

6.86

8.41

Liquidity Ratio

0.03

0.14

0.30

0.50

0.74

1.02

1.33

4.55

6.17

7.72

Asset Ratio

1.41

1.64

1.97

2.50

3.43

5.36

11.64

12.96

14.17

15.37

Return on Equity Ratio

0.49

0.32

0.27

0.23

0.20

0.18

0.16

0.14

0.12

0.10

Working Capital to Total Assets(X1)

0.08

0.09

0.09

0.09

0.09

0.09

0.09

0.08

0.07

0.07

Retained Earnings to Total Assets(X2)

0.09

0.10

0.10

0.11

0.12

0.12

0.13

0.11

0.10

0.08

EBIT to Total Assets(X3)

0.18

0.17

0.17

0.17

0.16

0.15

0.14

0.12

0.11

0.09

Equity to Total Liabilities(X4)

0.41

0.64

0.97

1.50

2.43

4.36

10.64

11.96

13.17

14.37

Sales to Total Assets(X5)

0.44

0.47

0.47

0.47

0.46

0.45

0.43

0.38

0.35

0.31

Y-SCORE

1st

2nd

3rd

4th

10

Current Ratio

0.00

0.00

0.00

1.00

2.00

2.00

3.00

4.00

4.00

4.00

Quick Ratio

1.00

1.00

2.00

3.00

4.00

4.00

4.00

4.00

4.00

4.00

Liquidity Ratio

0.00

1.00

2.00

4.00

4.00

4.00

4.00

4.00

4.00

4.00

Asset Ratio

1.00

1.00

2.00

3.00

4.00

4.00

4.00

4.00

4.00

4.00

Return on Equity Ratio

4.00

4.00

4.00

4.00

4.00

4.00

4.00

4.00

4.00

3.00

6.00

7.00

10.00

15.00

18.00

18.00

19.00

20.00

20.00

19.00

Total :

Z-SCORE
Z = 0.012 X1 + 0.014 X2 + 0.033 X3 + 0.006 X4 +0.999 X5

Page 19 of 71

Z-Score

1st

2nd

3rd

4th

10

0.91

1.09

1.31

1.64

2.19

3.35

7.10

7.81

8.47

9.13

ANNEXURE - C.XIII

WEIGHTED AVERAGE COST OF CAPITAL


Const. Year

1st Year

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

Debt ( in % )

80.00

70.80

61.04

50.65

39.92

29.17

18.65

8.59

7.72

7.06

6.51

Equity (in % )

20.00

29.20

38.96

49.35

60.08

70.83

81.35

91.41

92.28

92.94

93.49

11.33%

9.77%

8.10%

6.39%

4.67%

2.98%

1.37%

1.23%

1.13%

1.04%

Cost of Debt

12.00%

Cost of Equity

0.00%

Corporate Tax

35.00%

Average Cost of Capital

12.80%

Weighted Average Cost of Capital =

4.13%

Page 20 of 71

ANNEXURE - C.XIV

FINANCIAL INTERNAL RATE OF RETURN(FIRR)


Year

Operating Profit

Depreciation

Recovery of
Capital

Cash in Flow

Operating
Profit

Recovery of
Depreciation Capital

Cash
In-flow

1st

76663.09

12863.50

89526.59

11th'

0.00

2nd

73978.81

12863.50

86842.31

12th'

0.00

3rd

72899.24

12863.50

85762.74

13th'

0.00

4th

71169.55

12863.50

84033.05

14th'

0.00

5th

69473.45

12863.50

82336.95

15th'

0.00

6th

67607.85

12863.50

80471.35

7th

65555.78

12863.50

78419.28

8th

63298.61

12863.50

76162.11

9th

60815.83

12863.50

10th

56877.79

12863.50

73679.33
216037.86

285779.15

Recovery Of Capital :
Item

Cost

Land

Rate

Amount

130,000

100%

130000.00

47,694

50%

23847.00

Machinery

209,576

10%

20957.60

Inventory

54977.68

75%

Building

Total

Year

41233.26
216037.86

Page 21 of 71

ANNEXURE - C.XIV Cont


Here CASH OUT FLOW IS WITHOUT THE BAK REPAYMENT

CASH FLOW STATEMENT FOR CALCULATION OF IRR :


Cash
Outflow

Cash
Inflow

Net Cash
Inflow

5%

10%

15%

20%

25%

30%

40%

Construction Year

387270.00

0.00

(387270.00)

(387,270)

(387,270)

(387,270)

(387,270)

(387,270)

(387,270)

(387,270)

39,224

37,442

35,814

34,321

32,949

31,681

29,418

Year

1st

48340.91

89526.59

41185.68

2nd

1698.87

86842.31

85143.45

77,228

70,366

64,381

59,127

54,492

50,381

43,441

3rd

1302.93

85762.74

84459.81

72,960

63,456

55,534

48,877

43,243

38,443

30,780

4th

437.28

84033.05

83595.77

68,774

57,097

47,796

40,314

34,241

29,269

21,761

5th

480.98

82336.95

81855.97

64,136

50,826

40,697

32,896

26,823

22,046

15,220

6th

529.05

80471.35

79942.30

59,654

45,125

34,561

26,773

20,956

16,562

10,617

7th

581.93

78419.28

77837.36

55,318

39,943

29,262

21,723

16,324

12,405

7,384

8th

640.09

76162.11

75522.02

51,116

35,232

24,688

17,564

12,670

9,258

5,117

9th

704.08

73679.33

72975.25

47,040

30,949

20,744

14,143

9,795

6,882

3,532

10th

261.58

285779.15

285517.57

175,283

110,079

70,576

46,113

30,657

20,711

9,871

11th'

0.00

0.00

0.00

12th'

0.00

0.00

0.00

13th'

0.00

0.00

0.00

14th'

0.00

0.00

0.00

15th'

0.00

0.00

0.00

(45418)

(105120)

(149632)

(210129)

Net Present value :


Internal / Financial Rate Of Return =

323464
17.03%

Assumption: All the cash flows will be received at the end of every year.

Page 22 of 71

153245

36782

If we consider that the cash flows will be received monthly basis instead of at the end of every year, as we assumed earlier then,
Internal / Financial Rate Of Return =

18.43%

(ANNEXURE - C.XIV Contd)

400000

300000

Axis Title

200000

100000
NPV
Series2

0
5%

10%

15%

20%

25%

(100000)

(200000)

(300000)

Axis Title

Data:

Page 23 of 71

30%

40%

Rate of Return

5%

NPV

323464

10%
153245

15%
36782

20%

25%

30%

40%

(45418)

(105120)

(149632)

(210129)

ANNEXURE - C.XV

NET PRESENT VALUE (NPV) & MODIFIED INTERNAL RATE OF RETURN (MIRR)
Cash
Outflow

Year

Cash
Inflow

Net Cash NPV of NCI at


Inflow (NCI) WACC

Discount
Co-efficient (F/P)

FV of NCI at WACC

CFI for
MIRR

Construction Year

387270.00

0.00

(387270.00)

(387,270)

1.0041

1st

48340.91

89526.59

41185.68

41,169

1.0037

41,339

41,339

2nd

1698.87

86842.31

85143.45

85,073

1.0033

85,425

85,425

3rd

1302.93

85762.74

84459.81

84,355

1.0029

84,704

84,704

4th

437.28

84033.05

83595.77

83,458

1.0025

83,803

83,803

5th

480.98

82336.95

81855.97

81,687

1.0021

82,025

82,025

6th

529.05

80471.35

79942.30

79,745

1.0017

80,074

80,074

7th

581.93

78419.28

77837.36

77,613

1.0012

77,934

77,934

8th

640.09

76162.11

75522.02

75,273

1.0008

75,584

75,584

9th

704.08

73679.33

72975.25

72,705

1.0004

73,005

73,005

10th

261.58

285779.15

285517.57

284,342

1.0000

285,518

285,518

11th

0.00

0.00

0.00

0.0000

12th

0.00

0.00

0.00

0.0000

13th

0.00

0.00

0.00

0.0000

14th

0.00

0.00

0.00

0.0000

15th

0.00

0.00

0.00

0.0000

Net Present value :

Modified Internal Rate Of Return :

578150

17.08%

Page 24 of 71

(387,270)

ANNEXURE - C.XVI

BREAK EVEN ANALYSIS


1st Year of Operation

2nd year of Operation

Income (Net Sales+Other Income)


Break-up Of Cost
Raw Materials

3rd year of Operation

185538.00
Variable
Cost

Fixed Cost

Total Cost

197421.00
Variable
Cost

Fixed Cost

Total Cost

199920.00
Fixed Cost

Variable
Cost

Total Cost

0.00

60918.75

60918.75

0.00

62201.25

62201.25

0.00

62842.50

62842.50

Wages & Salary

9570.33

3260.22

12830.54

10527.36

3586.24

14113.60

11581.09

3944.86

15525.96

Store & Spares

523.94

523.94

1047.88

785.91

785.91

1571.82

1047.88

1047.88

2095.76

Utilities

2543.63

22892.63

25436.25

2597.18

23374.58

25971.75

2623.95

23615.55

26239.50

Repair & Maintenance

643.18

643.18

1286.35

964.76

964.76

1929.53

1286.35

1286.35

2572.70

Rent , Tax & Insurance

1936.35

101.75

2038.10

1936.35

103.90

2040.25

1936.35

104.97

2041.32

69.00

103.50

172.50

70.00

105.00

175.00

72.00

108.00

180.00

Postage & Telegram


Stationary & Printing

25.00

37.50

62.50

25.00

37.50

62.50

25.00

37.50

62.50

34522.35

4282.61

38804.96

29211.22

4445.70

33656.92

23900.09

4570.78

28470.87

Traveling & Conveyance

70.00

105.00

175.00

100.00

150.00

250.00

100.00

150.00

250.00

Depreciation & Write-off

12863.50

0.00

12863.50

12863.50

0.00

12863.50

12863.50

0.00

12863.50

Financial Expenses

Advertisement & Marketing


Entertainment
Selling Expenses
Audit Fee
Directors Remuneration
Office Rent
Misc. Expenses

0.00

500.00

500.00

0.00

500.00

500.00

0.00

500.00

500.00

90.00

60.00

150.00

90.00

60.00

150.00

90.00

60.00

150.00

0.00

0.00

463.85

0.00

493.55

493.55

0.00

499.80

499.80

50.00

0.00

50.00

50.00

0.00

50.00

50.00

0.00

50.00

1200.00

0.00

1200.00

1200.00

0.00

1200.00

1200.00

0.00

1200.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

125.00

125.00

250.00

125.00

125.00

250.00

125.00

125.00

250.00
155794.41

Total Cost

64232.27

93554.07

158250.18

60546.28

96933.38

157479.66

56901.22

98893.19

Adjustment for WIP & FG

(4321.37)

(6248.94)

(10570.31)

(146.31)

(234.24)

(380.56)

(110.58)

(192.19)

(302.77)

Net Total

59910.90

87305.13

147679.87

60399.97

96699.14

157099.11

56790.63

98701.00

155491.63

Page 25 of 71

P . V Ratio

0.53

Break Even Sales

0.51

113157.11

Break Even Capacity

118387.63

0.51
112168.50

61% Of Assumed Capacity.

60% Of Assumed Capacity.

56% Of Assumed Capacity.

58% Of Installed Capacity.

58% Of Installed Capacity.

55% Of Installed Capacity.

(ANNEXURE - C.XVI Contd.)

180000.00

160000.00

Total Cost
Fixed Cost
Variable Cost
Sales
Series5
Series6
Series7
Series8

140000.00

AMOUNT TAKA IN '000'

120000.00

100000.00

80000.00

60000.00

40000.00

20000.00

0.00
0%

10%

20%

30%

40%

50%

Axis Title

Page 26 of 71

60%

70%

80%

Data
Total Cost

Fixed Cost

Variable Cost

Sales

0%

59910.90

59910.90

0.00

0.00

10%

69100.91

59910.90

9190.01

19530.32

20%

78290.92

59910.90

18380.03

39060.63

30%

87480.94

59910.90

27570.04

58590.95

40%

96670.95

59910.90

36760.05

78121.26

50%

105860.96

59910.90

45950.07

97651.58

60%

115050.98

59910.90

55140.08

117181.89

70%

124240.99

59910.90

64330.10

136712.21

80%

133431.01

59910.90

73520.11

156242.53

Page 27 of 71

ANNEXURE - C.XVII

PAY BACK PERIOD


Year

Net Profit before


Tax

Investment

Depreciation
& write off

Total Cash
inflow

Cumulative
cash flow

Pay back
Period (Year)

Balance

387270.00

0.00

387270.00

0.00

37858.13

12863.50

50721.63

50721.63

336548.37

0.00

40321.89

12863.50

53185.39

103907.02

283362.98

0.00

44428.37

12863.50

57291.87

161198.89

226071.11

0.00

47967.83

12863.50

60831.33

222030.22

165239.78

0.00

51536.69

12863.50

64400.19

286430.41

100839.59

0.00

54931.43

12863.50

67794.93

354225.34

33044.66

0.00

58134.63

12863.50

70998.13

425223.47

-37953.47

0.00

58471.58

12863.50

71335.08

496558.55

-109288.55

0.00

55921.20

12863.50

68784.70

565343.25

-178073.25

10

0.00

51958.05

12863.50

64821.55

630164.80

-242894.80

11

0.00

51958.05

12863.50

64821.55

694986.35

-307716.35

12

0.00

51958.05

12863.50

64821.55

759807.90

-372537.90

13

0.00

51958.05

12863.50

64821.55

824629.44

-437359.44

6.465

6.465

Page 28 of 71

ANNEXURE - C.XVIII

ESTIMATED ECONOMIC RESULTS


Item

1st Year

Capacity Utilization
Contribution to G. D. P

2nd Year
95%

101274

3rd Year

97%
102051

102374

Employment Generation

4th Year

98%

5th Year

98%
102186

6th Year
98%

102186

98%
102186

7th Year
98%
102186

8th Year
98%
102186

9th Year
98%
102186

10th Year Reference


97%
100979

Cost per Job

4076.53

Benefit-Cost Ratio

1.65

Annexure-XXI

ANNEXURE - C.XIX

CONTRIBUTION TO G. D. P
1st Year
A. Income
B.

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

185538.00

197421.00

199920.00

199920.00

199920.00

199920.00

199920.00

199920.00

199920.00

197880.00

60918.75

62201.25

62842.50

62842.50

62842.50

62842.50

62842.50

62842.50

62842.50

62201.25

Store And Spares

1047.88

1571.82

2095.76

2095.76

2095.76

2095.76

2095.76

2095.76

2095.76

2095.76

Repair & Maintenance

1286.35

1929.53

2572.70

2572.70

2572.70

2572.70

2572.70

2572.70

2572.70

2572.70

Rent , Tax & Insurance

2038.10

2040.25

2041.32

2041.32

2041.32

2041.32

2041.32

2041.32

2041.32

2040.25

25436.25

25971.75

26239.50

26239.50

26239.50

26239.50

26239.50

26239.50

26239.50

25971.75

Postage & Telegram

172.50

175.00

180.00

180.00

180.00

180.00

180.00

180.00

180.00

180.00

Stationery & Printing

62.50

62.50

62.50

62.50

62.50

62.50

62.50

62.50

62.50

62.50

Traveling & Conveyance

175.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

Advertisement

500.00

500.00

500.00

500.00

500.00

500.00

500.00

500.00

500.00

500.00

Entertainment

150.00

150.00

150.00

150.00

150.00

150.00

150.00

150.00

150.00

150.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

713.85

743.55

749.80

749.80

749.80

749.80

749.80

749.80

749.80

744.70

Less Inter- Firm Transaction :


Raw Materials

Utilities

Audit Fee
Other Expenses

Annexure-XX

95 Person

Page 29 of 71

Sub-Total :

92551.18

Adjustment for WIP & FG Inventories:

95645.64

97734.08

97734.08

97734.08

97734.08

97734.08

97734.08

97734.08

96818.91

8287.05

276.00

187.70

0.00

0.00

0.00

0.00

0.00

0.00

-82.25

Total Inter-Firm Transaction (B):

84264.13

95369.64

97546.38

97734.08

97734.08

97734.08

97734.08

97734.08

97734.08

96901.15

Contribution To G. D. P (A-B):

101273.87

102051.36

102373.62

102185.92

102185.92

102185.92

102185.92

102185.92

102185.92

100978.85

ANNEXURE - C.XX

BENEFIT-COST RATIO DISCOUNTED AT WACC


Capital
Expenditure

Year
Construction Year

Operating
Expenses

Non-Cash
Expenses

Discounted
Present value

Total Cost

Discounted
Present
Value

Total Benefit

387270

387270

387270

1st

108875

12864

96011

92207

185538

178186

2nd

123442

12864

110579

101988

197421

182084

3rd

127021

12864

114157

101117

199920

177082

4th

128750

12864

115887

98581

199920

170065

5th

130447

12864

117583

96060

199920

163326

6th

132312

12864

119449

93717

199920

156854

7th

134364

12864

121501

91550

199920

150638

8th

136621

12864

123758

89555

199920

144669

9th

139104

12864

126241

87732

199920

138936

10th

141002

12864

128139

85522

197880

132069

11th

199920

128143

12th

199920

123065

13th

199920

118188

14th

199920

113504

15th

199920

109007

Net Present Value

Benefit Cost Ratio

1325299

1.65

Page 30 of 71

2185815

Employment Generation
Cost Per Job :

95 Person.
4076.53 Thousand

INPUT (Dont Touch here)


Sl. No.Particular
Amount
Tk
Tk (in 000) Wizard
1
Daily Production Capacity
100,000
0.50
1.1 Yearly Production at 100% Capacity30,000,000
1.3 100% Capacity Sales
240,000,000
240,000
3
Raw Material
3.1 Coal Qty Required MT
3,750
3.3 Clay Qty (cft) Required
2,100,000
4
Factory Staff:4.1 Factory Office Staff
10
8,444
4.2 Machine Room Staff
20
8,267
4.3 Dryer Staff
10
7,500
4.4 Klin Staff
30
8,041
7
Depreciation Method: St. Line
7.1 Life time of All assets
20
8
Utilities
Qty
Hour
Days
Rate
Total Cost
Cost in 000
8.1 Water
8.2 Power (KW)
1,000
8
300
11
26400000
26,400
8.3 Fuel & Lubricant
???????
375,000
375
8.4 Gas
9
9.1
9.2
9.3
9.4

STORE AND SPARES COST IN COGS (Requirement as % of M/C Cost:)


1st Year
0.50%
2nd Year
0.75%
3rd Year
1.00%
4th Year
1.00%

Page 31 of 71

9.5
9.6
9.7
9.8
9.9
9.10
10
10.1
10.2
10.3
10.4
11

5th Year
1.00%
6th Year
1.00%
7th Year
1.00%
8th Year
1.00%
9th Year
1.00%
10th Year
1.00%
Tax and Insurance
Tax and Insurance for fixed assets
0.50%
Tax and Insurance for inventory
0.75%
Income Tax Calculation
No
Income Tax Rate
35.00%
Factory Rent (Acres)
Qty
Total Cost
Factory Rent (Acres)
12 Other Manufacturing Overhead
12.1 No.1
12.2 No.2
12.3 No.3
-

Cost in 000
-

Tide-up Period

13
13.1
13.2
13.3
13.4
13.5
13.6
13.7
13.8
13.9
14
14.1
14.2
14.3
14.4
14.5

Raw Material and Working Capital (days)


Policy
Imported Raw Materials(LC & Bills Stage)Local Raw Matrials
Inventory of Imported Raw Materials
90
Inventory of Local Raw Materials
60
Work In Process
7
Finished goods
20
Receivable
60
Store & Spares
90
Number of Days worked in Factory annually
300
ADMINISTRATIVE, GENERAL AND 1st
SELLING
Year EXPENSES
2nd Year
Directors Remuneration
1200.00
1200.00
Write-off
0.00
0.00
Postage, Telephone, Telegram etc.
172.50
175.00
Stationary & Printing
62.50
62.50
Traveling & Conveyance
175.00
250.00

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

1200.00

1200.00

1200.00

1200.00

1200.00

1200.00

1200.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

1200.00
0.00

180.00

180.00

180.00

180.00

180.00

180.00

180.00

180.00

62.50

62.50

62.50

62.50

62.50

62.50

62.50

62.50

250.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

Page 32 of 71

14.6
14.7
14.8
14.9
14.1
15
15.1
15.2
15.3
15.4
15.5
15.6
15.7
15.8
15.9
15.1
15.1
15.1
15.1
15.1
15.2
15.2

Advertisement & Marketing


Entertainment
Audit Fee
Office Rent
Misc. Expense
ADMINISTRATIVE SALARY: Position

500.00

500.00

500.00

500.00

500.00

500.00

500.00

500.00

500.00

500.00

150.00

150.00

150.00

150.00

150.00

150.00

150.00

150.00

150.00

150.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

250.00

No(s)

Monthly Salary

CEO

40000

General Manager

30000

Manager (Admin & Personnel)

15000

Manager ( Marketing)

15000

Manager ( Finance & Accounts)

15000

Manager ( Commercial)

15000

Manager ( Production)

15000

Officer Sales & Marking

10000

Purchase Officer

10000

Stock Officer

10000

Commercial Officer

10000

Accounts & Finance Officer

10000

Asst. Sales Officer

10000

Asst. Marketing Officer

10000

Asst. Store officer& Others

10000

Security

10000

235,000

Total

16
16.1
16.2
17
17.1
18
18.1
18.2
18.3
18.4

Salary Policy

10%
20%

Increment (% per year)


Bonus
Balance Sheet Information
Restricted Cash

1st Year

2nd Year

Restricted Cash

Pre Operating Expenses

Ammount

Taka
-

3rd Year

Taka in 000
-

4th Year

5th Year

6th Year

Page 33 of 71

7th Year

8th Year

9th Year

10th Year

18.5

1st Year

2nd Year

Total
Project Appraisal Inputs
Number of year taken for calculation
10
FINANCIAL INTERNAL RATE OF RETURN(FIRR)
Recovery of Capital (Rate of Recovery)
Rate
Land
100%
Building
50%
Machinery
10%
Inventory
75%
19.3 Range of Internal / Financial Rate Of Return
19.3.1Range 1
5%
19.3.2Range 2
10%
19.3.3Range 3
15%
19.3.4Range 4
20%
19.3.5Range 5
25%
19.3.6Range 6
30%
19.3.7Range 7
40%

19
19.1
19
19.2

WIP DETAILS
For Production capacity of 2,00,000 pieces per day
Item

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

Add. Opening Stock Of WIP

0.00

10080.00

10640.00

10640.00

10640.00

10640.00

10640.00

10640.00

10640.00

10640.00

Less. Closing Stock Of WIP

10080.00

10640.00

10640.00

10640.00

10640.00

10640.00

10640.00

10640.00

10640.00

10640.00

Add.Opening Stock Of FG

0.00

28800.00

30400.00

30400.00

30400.00

30400.00

30400.00

30400.00

30400.00

30400.00

Less: Closing Stock Of FG

28800.00

30400.00

30400.00

30400.00

30400.00

30400.00

30400.00

30400.00

30400.00

30400.00

For Production capacity of 50,000 pieces per day


Item

1st Year

2nd Year

3rd Year

4th Year

5th Year

6th Year

7th Year

8th Year

9th Year

10th Year

Add. Opening Stock Of WIP

0.00

2520.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

Less. Closing Stock Of WIP

2520.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

2660.00

Add.Opening Stock Of FG

0.00

7200.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

Less: Closing Stock Of FG

7200.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

7600.00

Page 34 of 71

INFORMATION SHEET

What is the Capacity of Daily Production?


Select from Drop Down Menu and change the following options as necessary

100000
Land
Land Development
Total Land
Building including civil work costs
Machinery
Total
Electricity Consumption (KW)
Electricity Charges (Industries) Tk/KW
Daily Working Hour
Drying Hour
Working days in a year
Worker
Dollar Rate

Loan Repayment Period (Years)


Nos. of Installment for loan repayment per year

130000
47694
209576
387270
1000
11
8
24
300
20 TO 40
83

7.00
4.00

Rate Per Brick


Coal Price Per Unit (MT)
Coal Price Per Unit (cft)

8
11500
10

TEST CHANGE FROM 65000


TEST CHANGE FROM 23847

Capacity Utilization
1st Year
2nd Year
3rd Year
4th Year
5th Year
6th Year
7th Year
8th Year
9th Year
10th Year

95%
97%
98%
98%
98%
98%
98%
98%
98%
97%

Long-term Loan
Owner's Equity

80%
20%

Page 35 of 71

TEST CHANGE FROM 23847

TEST CHANGE FROM 650

Interest Rate on Long Term Loan


Interest Rate on Working Capital
Commission Rate on W/C Finance

12%
12.00%
1.05%

Bridge Financing
Amount of Bridge Financing

Page 36 of 71

0%
0