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PROJECT REPORT

OF

GRAPE WINE
MANUFACTRING
M/s. MRUNIAL WINE INDUSTRIES

-: Prepared by:SHREYANS TEJPAL SHAH


Chartered Accountants
127/2, Rockel Lane,
Vakharbhag, Sangli
Tel: (0233) 2623625, 2622536

HIGHLIGHTS OF THE PROJECT

1.

Name of the Enterprise

: M/s. Mrunal Wine Industries

2.

Proprietor

: Mr. Mansing Ghorapade


A/p. Bhalawani,
Tal. Khanapur, Dist. Sangli

3.

Constitution

: Proprietorship

4.

Nature of Activity

: Manufacturing of Grape Wine

5.

Land Requirement

: 2000 Sq. Mtrs.

6.

Cost of Project

: 208.00 Lacs

7.

Means of Finance

: Capital

8.

9.

52.00 Lacs

Bank Loan

156.00 Lacs

Total

208.00 Lacs

Email Address &


Contact

: mansingghorapade@gmail.com

Education

: MBA

+91-9881212000

Introduction
This is a wine manufacturing project, which has been promoted by M/s. Mrunal Wine
Industries, a proprietorship firm of Mr. Mansing Ghorapade.

Land & Building


The project is proposed in Palus MIDC (Wine Park). MIDC Palus (Wine Park) is a special
developed wine cluster, which has a central crushing and processing unit as a mother unit for
processing. The estimate for the building along with the plan and drawing is in the pipeline of
preparation. The approx. construction in the 1 st phase shall be around 400 Sq. Mtrs. which is
estimated to be around 40.00., which includes factory shed, storage and a small office.

Machinery
Various types of machinery is needed including various types of storages. Quotations for all
the required machinery and other items have been asked for. Total machinery cost is 145.00 Lacs,
which includes both Imported and indigenous machinery, Tools, Lab Equipments, Electrification and
installation.

Information regarding Project:Wine

Glasses of White and Red Wine

Wine is an alcoholic beverage, made of fermented fruit juice, usually from grapes. The natural
chemical balance of grapes lets them ferment without the addition of sugars, acids, enzymes, or other
nutrients. Grape wine is produced by fermenting crushed grapes using various types of yeast. Yeast
consumes the sugars in the grapes and converts them into alcohol. Different varieties of grapes and
strains of yeasts produce different types of wine.
Wines made from other fruits, such as apples and berries, are normally named after the fruit
from which they are produced (for example, apple wine or elderberry wine) and are generically called
fruit wine or country wine (not to be confused with the French term VIN de pays). Others, such as
barley wine and rice wine (i.e., sake), are made from starch-based materials and resemble beer and
spirit more than wine, while ginger wine is fortified with brandy. In these cases, the term "wine"
refers to the higher alcohol content rather than production process. The commercial use of the
English word "wine" (and its equivalent in other languages) is protected by law in many jurisdictions.
Wine has a rich history dating back to around 6000 BC and is thought to have originated in
areas now within the borders of Georgia and Iran. Wine first appeared in Europe at about 4500 BC in
the Balkans, and was very common in ancient Greece, Thrace and Rome. Wine has also played an
important role in religion throughout history. The Greek god Dionysus and the Roman equivalent
Bacchus represented wine, and the drink is also used in Catholic Eucharist ceremonies and the Jewish
Kiddush.

Etymology
The word "wine" comes from the Proto-Germanic "*winam," an early borrowing from the
Latin vinum, "wine" or "(grape) vine," itself derived from the Proto-Indo-European stem *win-o- (cf.
Hittite: wiyana, Lycian: Oino, Ancient Greek - onos, Aeolic Greek - woinos).
The earliest attested terms referring to wine are the Mycenaean Greek me-tu-wo ne-wo
meaning "the month of new wine" or "festival of the new wine" and wo-no-wa-ti-si meaning "wine
garden", written in Linear B inscriptions.
As explained in the History section below, the earliest known cultivation of the vitis vinifera
grapevine occurred in present-day Georgia. Although no clear evidence has been found of any
linguistic connection, some scholars have noted the similarities between the words for wine in the
Kartvelian (e.g. Georgian ghvino) Semitic (*wayn) and Indo-European languages (e.g. Russian vino),

hinting to the possibility that this word diffused into all these language families from a common
origin. Some Georgian scholars have speculated that Georgian was the origin of this word and that it
entered into the Indo-European languages via Semitic.

History
Archaeological evidence suggests that the earliest known production of wine, made by
fermenting grapes, took place in sites in Georgia and Iran, from as early as 6000 BC. These locations
are all within the natural area of the European grapevine Vitis vinifera.

Pressing wine after the harvest; Tacuinum Sanitatis, 14th century


The oldest known evidence of wine production in Europe is dated to 4500 BC and comes from
archaeological sites in Greece. The same sites also contain the world's earliest evidence of crushed
grapes. Literary references to wine are abundant in Homer (9th century BC, but possibly composed
even earlier), Alkman (7th century BC), and others. In Ancient Egypt, six of 36 wine amphoras were
found in the tomb of King Tutankhamun bearing the name "Kha'y", a royal chief vintner. Five of these
amphoras were designated as from the King's personal estate with the sixth listed as from the estate
of the royal house of Aten. Traces of wine have also been found in central Asian Xinjiang, dating from
the second and first millennia BC.
Viticulture in India has a long history dating back to the time of the Indus Valley civilization
when grapevines were believed to have been introduced from Persia sometime in the 5000 BC. The
first known mentioning of grape-based wines was in the late 4th century BC writings of Chanakya
who was the chief minister of Emperor Chandragupta Maurya. In his writings, Chanakya condemns
the use of alcohol while chronicling the emperor and his court's frequent indulgence of a style of
grape wine known as Madhu.

A 2003 report by archaeologists indicates a possibility that grapes were mixed with rice to
produce mixed fermented beverages in China in the early years of 7000 BC. Pottery jars from the
Neolithic site of Jiahu, Henan contained traces of tartaric acid and other organic compounds
commonly found in wine. However, other fruits indigenous to the region, such as hawthorn, cannot
be ruled out. If these beverages, which seem to be the precursors of rice wine, included grapes rather
than other fruits, these grapes were of any of the several dozen indigenous wild species of grape in
China, rather than from Vitis vinifera, which were introduced into China some 6000 years later.
One of the lasting legacies of the ancient Roman Empire was the viticulture foundation the
Romans laid in the lands that today are world renowned wine regions. Areas with Roman garrison
towns, like Bordeaux, Trier, and Colchester, the Romans planted vineyards to supply local needs and
limit the cost of long distance trading. In medieval Europe, the Roman Catholic Church staunchly
supported wine, since they required it for the Mass. Monks in France made wine for years, aging it in
caves. An old English recipe that survived in various forms until the 19th century calls for refining
white wine from bastardbad or tainted bastardo wine.

Grape varieties

Grape vineyard
Wine is usually made from one or more varieties of the European species Vitis vinifera, such
as Pinot Noir, Chardonnay, Cabernet Sauvignon, Gamay and Merlot. When one of these varieties is
used as the predominant grape (usually defined by law as a minimum of 75% or 85%), the result is a
varietal, as opposed to a blended, wine. Blended wines are not necessarily considered inferior to
varietal wines; some of the world's most expensive wines, from regions like Bordeaux and the Rhone
Valley, are blended from different grape varieties of the same vintage.
Wine can also be made from other species of grape or from hybrids, created by the genetic
crossing of two species. Vitis labrusca (of which the Concord grape is a cultivar), Vitis aestivalis, Vitis

rupestris, Vitis rotundifolia and Vitis riparia are native North American grapes usually grown to eat
fresh or for grape juice, jam, or jelly, but sometimes made into wine.
Hybridization is different than grafting. Most of the world's vineyards are planted with
European V. vinifera vines that have been grafted onto North American species rootstock. This is
common practice because North American grape species are resistant to phylloxera, a root louse that
eventually kills the vine. In the late 19th century, most of Europe's vineyards (only excluding some of
the driest vineyards in Southern Europe) were devastated by the bug, leading to massive vine deaths
and eventual replanting. Grafting is done in every wine-producing country of the world except for
Argentina, the Canary Islands and Chilethe only countries not yet exposed to the insect.
In the context of wine production, terroir is a concept that encompasses the varieties of
grapes used, elevation and shape of the vineyard, type and chemistry of soil, climate and seasonal
conditions, and the local yeast cultures. The range of possibilities here can result in great differences
between wines, influencing the fermentation, finishing, and aging processes as well. Many wineries
use growing and production methods that preserve or accentuate the aroma and taste influences of
their unique terroir. However, flavor differences are not desirable for producers of mass-market table
wine or other cheaper wines, where consistency is more important. Such producers try to minimize
differences in sources of grapes through production techniques such as micro-oxygenation, tannin
filtration, cross-flow filtration, thin film evaporation, and spinning cones.

Classification

Wine grapes on a vine

Regulations govern the classification and sale of wine in many regions of the world. European
wines tend to be classified by region (e.g. Bordeaux, Rioja and Chianti), while non-European wines
are most often classified by grape (e.g. Pinot Noir and Merlot). More and more, however, market
recognition of particular regions is leading to their increased prominence on non-European wine
labels. Examples of non-European recognized locales include Napa Valley in California, Willamette
Valley in Oregon, Columbia Valley in Washington, Barossa Valley and Hunter Valley in Australia,
Central Valley in Chile, Vale dos Vinhedos in Brazil, Hawke's Bay and Marlborough in New Zealand,
Okanagan Valley and Niagara Peninsula in Canada.
Some blended wine names are marketing terms, and the use of these names is governed by
trademark law rather than by specific wine laws. For example, Meritage (sounds like "heritage") is
generally a Bordeaux-style blend of Cabernet Sauvignon and Merlot, and may also include Cabernet
Franc, Petit Verdot, and Malbec. Commercial use of the term "Meritage" is allowed only via licensing
agreements with an organization called the "Meritage Association".

European classifications

Moscato d'Asti, a DOCG wine


France has various appellation systems based on the concept of terroir, with classifications
ranging from Vin de Table ("table wine") at the bottom, through Vin de Pays and Appellation d'Origine
Vin Dlimit de Qualit Suprieure (AOVDQS) up to Appellation d'Origine Contrle (AOC) or similar,
depending on the region. Portugal has something similar and, in fact, pioneered this technique in
1756 with a royal charter that created the "Demarcated Douro Region" and regulated wine
production and trade. Germany did likewise in 2002, although their system has not yet achieved the

authority of those of the other countries'. Spain, Greece and Italy have classifications based on a dual
system of region of origin and product quality.

Beyond Europe
New World winewines from outside of the traditional wine growing regions of Europe tend
to be classified by grape rather than by terroir or region of origin, although there have been nonofficial attempts to classify them by quality.

Vintages
A "vintage wine" is one made from grapes that were all or mostly grown in a particular year,
and labelled as such. Most countries allow a vintage wine to include a portion that is not from the
labelled vintage. Variations in a wine's character from year to year can include subtle differences in
color, palate, nose, body and development. High-quality wines can improve in flavor with age if
properly stored. Consequently, it is not uncommon for wine enthusiasts and traders to save bottles
of an especially good vintage wine for future consumption.
In the United States, for a wine to be vintage dated and labeled with a country of origin or
American Viticultural Area (AVA) (such as "Sonoma Valley"), it must contain at least 95% of its volume
from grapes harvested in that year. If a wine is not labeled with a country of origin or AVA the
percentage requirement is lowered to 85%.
Vintage wines are generally bottled in a single batch so that each bottle will have a similar taste.
Climate can have a big impact on the character of a wine to the extent that different vintages from
the same vineyard can vary dramatically in flavor and quality. Thus, vintage wines are produced to
be individually characteristic of the vintage and to serve as the flagship wines of the producer.
Superior vintages, from reputable producers and regions, will often fetch much higher prices than
their average vintages. Some vintage wines, like Brunellos, are only made in better-than-average
years.
For consistency, non-vintage wines can be blended from more than one vintage, which helps
wine makers sustain a reliable market image and maintain sales even in bad years. One recent study
suggests that for normal drinkers, vintage year may not be as significant to perceived wine quality as
currently thought, although wine connoisseurs continue to place great importance on it.

Tasting

Judging color is the first step in tasting a wine.


Wine tasting is the sensory examination and evaluation of wine. Wines are made up of
chemical compounds similar or identical to those in fruits, vegetables, and spices. The sweetness of
wine is determined by the amount of residual sugar in the wine after fermentation, relative to the
acidity present in the wine. Dry wine, for example, has only a small amount of residual sugar.
Individual flavors may also be detected, due to the complex mix of organic molecules such as
esters and terpenes that grape juice and wine can contain. Experienced tasters can distinguish
between flavors characteristic of a specific grape and flavors that result from other factors in wine
making. Typical intentional flavor elements in wine are those imparted by aging in oak casks;
chocolate, vanilla, or coffee almost always come from the oak and not the grape itself.
Banana flavors (isoamyl acetate) are the product of yeast metabolism, as are spoilage aromas
such as sweaty, barnyard, band-aid (4-ethylphenol and 4-ethylguaiacol), and rotten egg (hydrogen
sulfide). Some varietals can also have a mineral flavor due to the presence of water-soluble salts (like
limestone).
Wine aroma comes from volatile compounds in the wine that are released into the air.
Vaporization of these compounds can be sped up by twirling the wine glass or serving the wine at
room temperature. For red wines that are already highly aromatic, like Chinon and Beaujolais, many
people prefer them chilled.

Collecting

Chteau Margaux, a First Growth from the Bordeaux region of France, is highly collectible.
Outstanding vintages from the best vineyards may sell for thousands of dollars per bottle, though
the broader term fine wine covers bottles typically retailing at over about US$3050. "Investment
wines" are considered by some to be Veblen goodsthat is, goods for which demand increases
instead of decreases as its price rises. The most common wines purchased for investment include
those from Bordeaux, Burgundy, cult wines from Europe and elsewhere, and Vintage port.
Characteristics of highly collectible wines include:
1. A proven track record of holding well over time
2. A drinking window plateau (i.e., the period for maturity and approachability) that is many
years long
3. A consensus amongst experts as to the quality of the wines
4. Rigorous production methods at every stage, including grape selection and appropriate
barrel-aging
Investment in fine wine has attracted fraudsters who prey on their victims' ignorance of this
sector of the wine market. Wine fraudsters often work by charging excessively high prices for offvintage or lower-status wines from famous wine regions, while claiming that they are offering a
sound investment unaffected by economic cycles. Like any investment, proper research is essential
before investing.

Production
Wine production by country 2006
Rank

Country

Production

(with link to wine article) (tonnes)

Wine production by country 2007


Rank

Country

Production

(with link to wine article) (tonnes)

France

5,349,333 1

Italy

5,050,000

Italy

4,711,665 2

France

4,711,600

Spain

3,643,666 3

Spain

3,645,000

United States

2,232,000 4

United States

2,300,000

Argentina

1,539,600 5

Argentina

1,550,000

Australia

1,410,483 6

China

1,450,000

China

1,400,000 7

South Africa

1,050,000

South Africa

1,012,980 8

Australia

961,972

Chile

977,087

Germany

891,600

10

Germany

891,600

10

Chile

827,746

Wine grapes grow almost exclusively between thirty and fifty degrees north or south of the
equator.

Exporting countries
Top ten wine exporting countries in 2006
Rank Country

1000 tonnes

Italy*

1,793

France

1,462

Spain*

1,337

Australia

762

Chile*

472

United States

369

Germany

316

Argentina

302

Portugal

286

10

South Africa

272

World**

8,353

* Unofficial figure. ** May include official, semi-official or


estimated data.

2006 export market shares


Rank Country

Market share
(% of value in
US$)

France

34.9%

Italy

18.0%

Australia

9.3%

Spain

8.7%

Chile

4.3%

United States 3.6%

Germany

3.5%

Portugal

3.0%

South Africa

2.4%

10

New Zealand

1.8%

The UK was the world's biggest importer of wine in 2007.

Uses

Per capita annual wine consumption:


Less than 1 litre.
From 1 to 7 litres.
From 7 to 15 litres.
From 15 to 30 litres.
More than 30 litres.
Wine is a popular and important beverage that accompanies and enhances a wide range of
European and Mediterranean-style cuisines, from the simple and traditional to the most
sophisticated and complex. Wine is important in cuisine not just for its value as a beverage, but as a
flavor agent, primarily in stocks and braising, since its acidity lends balance to rich savory or sweet
dishes. Red, white, and sparkling wines are the most popular, and are known as light wines because
they are only 1014% alcohol-content by volume. Apritif and dessert wines contain 1420% alcohol,
and are sometimes fortified to make them richer and sweeter.
Some wine labels suggest opening the bottle and letting the wine "breathe" for a couple of
hours before serving, while others recommend drinking it immediately. Decantingthe act of
pouring a wine into a special container just for breathingis a controversial subject in wine. In
addition to aeration, decanting with a filter allows one to remove bitter sediments that may have
formed in the wine. Sediment is more common in older bottles but younger wines usually benefit
more from aeration.
During aeration, the exposure of younger wines to air often "relaxes" the flavors and makes
them taste smoother and better integrated in aroma, texture, and flavor. Older wines generally fade,

or lose their character and flavor intensity, with extended aeration. Despite these general rules,
breathing does not necessarily benefit all wines. Wine should be tasted as soon as it is opened to
determine how long it should be aerated, if at all.

Health effects

digestive system
Alcoholic hepatitis Alcoholic liver cirrhosis Alcoholic liver disease

nervous system
Delirium tremens Alcohol dementia Alcoholic hallucinosis Blackout (alcohol-related
amnesia) Wernicke-Korsakoff syndrome

cardiovascular system
Alcohol and cardiovascular disease Alcoholic cardiomyopathy Alcoholic lung disease

Red table wine


Nutritional value per 100 g (3.5 Oz)
Energy

355 kJ (85 kcal)

Carbohydrates 2.6 g
Sugars

0.6 g

Fat

0.0 g

Protein

0.1 g

Alcohol

10.6 g

10.6 g alcohol is 13%vol.


100 g wine is approximately 100 ml (3.4 fl oz.)
Sugar and alcohol content can vary.
Source: USDA Nutrient database

Although excessive alcohol consumption has adverse health effects, epidemiological studies
have consistently demonstrated that moderate consumption of alcohol and wine is statistically
associated with a decrease in death due to cardiovascular events such as heart failure. In the United
States, a boom in red wine consumption was initiated in the 1990s by the TV show 60 Minutes, and
additional news reports on the French Paradox. The French paradox refers to the comparatively lower
incidence of coronary heart disease in France despite high levels of saturated fat in the traditional
French diet. Some epidemiologists suspect that this difference is due to the higher consumption of
wines by the French, but the scientific evidence for this theory is limited. The average moderate wine
drinker is more likely to exercise more, to be more health conscious, and to be of a higher educational
and socioeconomic class, evidence that the association between moderate wine drinking and health
may be related to confounding factors.
Population studies have observed a J curve association between wine consumption and the
risk of heart disease. This means that heavy drinkers have an elevated risk, while moderate drinkers
(at most two five-ounce servings of wine per day) have a lower risk than non-drinkers. Studies have
also found that moderate consumption of other alcoholic beverages may be cardio protective,
although the association is considerably stronger for wine. Also, some studies have found increased
health benefits for red wine over white wine, though other studies have found no difference. Red
wine contains more polyphenols than white wine, and these are thought to be particularly protective
against cardiovascular disease.
A chemical in red wine called resveratrol has been shown to have both cardio protective and
chemo protective effects in animal studies. Low doses of resveratrol in the diet of middle-aged mice
has a widespread influence on the genetic levers of aging and may confer special protection on the
heart. Specifically, low doses of resveratrol mimic the effects of what is known as caloric restriction diets with 2030 percent fewer calories than a typical diet. Resveratrol is produced naturally by grape
skins in response to fungal infection, including exposure to yeast during fermentation. As white wine
has minimal contact with grape skins during this process, it generally contains lower levels of the
chemical. Other beneficial compounds in wine include other polyphenols, antioxidants, and
flavonoids.
To fully get the benefits of resveratrol in wines, it is recommended to sip slowly when drinking
wines. Due to inactivation in the gut and liver, most of the resveratrol in imbibed red wine does not

reach the blood circulation. However, when sipping slowly, absorption via the mucous membranes
in the mouth can result in up to around 100 times the blood levels of resveratrol.
Red wines from the south of France and from Sardinia in Italy have been found to have the
highest levels of procyanidins, which are compounds in grape seeds suspected to be responsible for
red wine's heart benefits. Red wines from these areas have between two and four times as much
procyanidins as other red wines. Procyanidins suppress the synthesis of a peptide called endothelin1 that constricts blood vessels.
A 2007 study found that both red and white wines are effective anti-bacterial agents against
strains of Streptococcus. Also, a report in the October 2008 issue of Cancer Epidemiology, Biomarkers
and Prevention, posits that moderate consumption of red wine may decrease the risk of lung cancer
in men.
While evidence from laboratory and epidemiological (observational) studies suggest a cardio
protective effect, no controlled studies have been completed on the effect of alcoholic drinks on the
risk of developing heart disease or stroke. Excessive consumption of alcohol can cause cirrhosis of
the liver and alcoholism; the American Heart Association cautions people to "consult your doctor on
the benefits and risks of consuming alcohol in moderation."
Wine's effect on the brain is also under study. One study concluded that wine made from the
Cabernet Sauvignon grape reduces the risk of Alzheimer's disease. Another study concluded that
among alcoholics, wine damages the hippocampus to a greater degree than other alcoholic
beverages.
Sulphites are present in all wines and are formed as a natural product of the fermentation
process, and many wine producers add sulfur dioxide in order to help preserve wine. Sulfur dioxide
is also added to foods such as dried apricots and orange juice. The level of added Sulphites varies,
and some wines have been marketed with low sulphite content. Sulphites in wine can cause some
people, particularly those with asthma, to have adverse reactions.
A study of women in the United Kingdom, called The Million Women Study, concluded that
moderate alcohol consumption can increase the risk of certain cancers, including breast, pharynx and
liver cancer. This has led the lead author of the study, Professor Valerie Beral, to assert that there is
not enough evidence to conclude that any positive health effects of red wine outweigh the risk of

cancer, and is quoted as saying, "It's an absolute myth that red wine is good for you." Professor Roger
Corder, author of The Red Wine Diet, counters that two small glasses of a very tannic, procyanadin
rich wine would confer a benefit, although "most supermarket wines are low procyanadin and high
alcohol."

Packaging

Assorted wine corks

corrugated box to carry bottles

Most wines are sold in glass bottles and are sealed using corks (50% of production comes from
Portugal). An increasing number of wine producers have been using alternative closures such as
screw caps, or synthetic plastic "corks". In addition to being less expensive, alternative closures
prevent cork taint, although they have been blamed for other problems such as excessive reduction.
Some wines are packaged in heavy plastic bags within cardboard boxes, and are called box
wines, or cask wine. These wines are typically accessed via a tap on the side of the box. Box wine can
stay acceptably fresh for up to a month after opening, while bottled wine oxidizes more rapidly and
can degrade considerably in a few days.
Environmental considerations of wine packaging reveal benefits and drawbacks of both
bottled and box wines. Glass used to make bottles has a decent environmental impact, as it is
completely recyclable, whereas plastics as used in box wines are typically much less environmentally
friendly. However, wine bottle manufacturers have been cited for Clean Air Act violations. A New
York Times editorial suggested that box wine, being lighter in package weight, has a reduced carbon
footprint from its distribution. Boxed wine plastics, even though possibly recyclable, can be more

labor-intensive (and therefore expensive) to process than glass bottles. And, while a wine box is
recyclable, its plastic wine bladder most likely is not.

Storage
Wine cellars, or wine rooms if they are above-ground, are places designed specifically for the
storage and aging of wine. In an active wine cellar, temperature and humidity are maintained by a
climate control system. Passive wine cellars are not climate-controlled, and so must be carefully
located. Wine is a natural, perishable food product; when exposed to heat, light, vibration or
fluctuations in temperature and humidity, all types of wine, including red, white, sparkling, and
fortified, can spoil. When properly stored, wines can maintain their quality and in some cases improve
in aroma, flavor, and complexity as they age. Some wine experts contend that the optimal
temperature for aging wine is 55 F (13 C), others 59 F (15 C). Wine refrigerators offer an alternative
to wine cellars. They are available in capacities ranging from small 16-bottle units to furniture pieces
that can contain 400 bottles. Wine refrigerators are not ideal for aging, but rather serve to chill wine
to the perfect temperature for drinking. These refrigerators keep the humidity low, usually under
50%, which is below the optimal humidity of 50% to 70%. Lower humidity levels can dry corks out
over time, allowing oxygen to enter the bottle and reduce the wine's quality.

Oak Wine Barrels

PROJECT COST DETAILS: In Lacs


A. Land and development

06.00

B. Building

40.00

C. Machinery, Electricals, Etc.

145.00

D. Technical Know-how & Other Assets

06.00

E. Computers, Preliminary & Pre-op Exps.

11.00

Total

208.00

MEANS OF FINANCE: This project shall be financed in following manner:


In Lacs
A. Capital Contribution

52.00

B. Bank Term Loan

156.00
Total

208.00

LIST OF RAW MATERIALS: The main raw material for the project is Grapes. Total list of raw materials can be enumerated
as follows: 1. Grapes
2. Catalysts for Fermentation
3. Corks
4. Bottles

IMPLEMENTATION SCHEDULE: -

This project will be implemented in following schedule:

Sr. No.

Activity

Period

1.

Acquisition and Development of Land.

2 months

2.

Civil Work and building construction

10 months.

3.

Procurement of machinery and Licenses

2-3 months

4.

Arrangement for Power supply

1 month

5.

Water Supply arrangement

2 weeks

6.

Erection and installation

1 month

7.

Initial Procurements and commissioning

1 month

8.

Trial Runs and final production

2 weeks.

All the above said activities shall start after allotment of plot, and shall be completed within
three years from allotment.

Effluent & Pollution:


There is no any kind of effluent is generated out of this project. In fact this project is very
environment friendly and is a food processing project. There is effluent is generated out of any
process. There is no chemical processes are carried out.

Related professions
Name
Cooper

Garagiste

Ngociant

Oenologist

Sommelier

Terroir
specialist
Vintner,
Winemaker
Viticulturist

Description
Craftsman of wooden barrels and casks. A cooperage is a company that produces
such casks.
An amateur wine maker, or a derogatory term used for small scale operations of
recent inception, usually without pedigree and located in Bordeaux
A wine merchant, most specifically those who assemble the produce of smaller
growers and winemakers and sells them under their own name
Wine scientist or wine chemist; a student of oenology. A winemaker may be trained
as oenologist, but often hires a consultant instead
A restaurant specialist in charge of assembling the wine list, educating the staff
about wine, and assisting customers with their wine selections
Someone (often a consultant or academic) with special knowledge of the interplay
between the environmental factors such as soil, climate and topographyalso
known as terroirand wine grape quality or wine character
A wine producer; a person who makes wine
A person who specializes in the science of grapevinescan also be someone who
manages vineyard pruning, irrigation, and pest control

*****

Mrunal Wine Industries


( Rupees in Lacs )
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----------------------------------------------------------------------------------------------------------------------------Existing
Proposed
Total
Existing
Proposed
Total
Land and Site Development
6.00
6.00 Equity Share Capital
52.00
52.00
Buildings
40.00
40.00 Equity Share Premium
Plant and Machineries
145.00
145.00 Other Type Share Capital
Computers, Printers, etc
5.00
5.00 Cash Subsidy
Technical Know-how Fees
6.00
6.00 Internal Cash Accruals
Franchise Deposits / Non CA
Long/Medium Term Borrowings
156.00
156.00
Preliminary& Pre-operative Exp
3.00
3.00 Debentures / Bonds
Provision for Contingencies
3.00
3.00 Unsecured Loans/Deposits
20.53
20.53
Margin Money - Working Capital
20.53
20.53
T O T A L ....................
228.53
228.53 T O T A L ...................
228.53
228.53
=============================================================================================================================
---- D S C R ----- Debt / Equity TOL / Return -------- PROFITABILITY RATIOS ---------- Assets Current Lease
Year
Indiv- Cumu. Over- -Deposits as- Net
on Net GPM
PBIDT
PBT
PAT
Net
P/V Turn- i Ratio Rental
-idual
-all Debt Equity Worth Worth
Contri- Ratio over
(RON)
-bution
Ratio
(Number of times)
(No.of times)
%
%
%
%
%
%
%
Rs.
----------------------------------------------------------------------------------------------------------------------------Initial
3.39
2.15
2015-16
2.46
2.46
1.96
1.37
2.96 46.43 58.55 13.89
7.04
5.03 107.30 15.97
2.33
1.35
2016-17
1.70
2.03
1.05
0.76
1.75 32.82 58.86 13.53
7.52
5.35
86.68 12.90
2.23
1.61
2017-18
1.93
1.99
0.56
0.40
1.09 29.03 59.55 13.69
8.88
6.27
91.81 12.75
2.21
1.90
2018-19
2.01
2.00
2.26
0.29
0.19
0.70 23.19 59.68 13.32
9.30
6.56
90.28 12.54
2.08
2.21
2019-20
2.32
2.05
0.12
0.05
0.46 21.43 60.15 13.45 10.33
7.26
97.53 12.70
2.02
2.86
2020-21
4.79
2.26
0.06
0.34 17.93 60.16 13.06 10.58
7.42
96.24 12.53
1.81
3.91
2021-22
0.05
0.29 15.01 60.12 12.66 10.45
7.33
96.07 12.51
1.59
4.63
----------------------------------------------------------------------------------------------------------------------------BEP
IRR
PAYBACK
FACR
BEP - Maximum Utilisation Year .............
5
Internal Rate of Return .. ( In %age )................... 51.19 %
- Cash BEP (% of Installed Capacity) 63.75 %
Payback Period of the Project is ......... 2 Years & 6.45 Months
- Total BEP (% of Installed Capacity) 74.83 %
Fixed Assets Coverage Ratio (to outside term borrowings)
1.28
=============================================================================================================================
Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE I
STATEMENT SHOWING COST OF PROJECT
AND MEANS OF FINANCE
( Rupees in Lacs )
=======================================================================
Particulars
Existing
Proposed
Total
=======================================================================
C O S T
O F
P R O J E C T
Land and Site Development
Factory Land
Site Development

1.00
5.00

1.00
5.00

35.00
5.00

35.00
5.00

30.00
100.00
3.00
5.00
4.00
3.00

30.00
100.00
3.00
5.00
4.00
3.00

Technical Know-how Fees

6.00

6.00

Computers, Printers, etc


Furniture & Fixtures
Other Misc. Assets

1.00
2.00
2.00

1.00
2.00
2.00

Preliminary & Pre-Operative Exp.


Provision for Contingencies

3.00
3.00

3.00
3.00

Buildings
Factory Building
Office Building
Plant and Machineries
Imported Machineries
Indigenious Machineries
Tools,Jigs & Fixtures
Laboratory Equipments
Electrification , etc
Installation, Erection, etc

Total Capital Cost of Project


208.00
208.00
Margin Money for Working Capital
20.53
20.53
Total Cost of Project
228.53
228.53
----------------------------------------------------------------------=======================================================================
M E A N S O F F I N A N C E
Proprietors Capital
Mr. Bhavesh Shah
Total Proprietors Capital
Long/Medium Term Borrowings
Term Loan @ 12 %
Total Long/Medium Term Borrowings
Unsecured Loans/Deposits
Margin for W-Cap
Total Unsecured Loans/Deposits

52.00
52.00

52.00
52.00

156.00
156.00

156.00
156.00

20.53
20.53

20.53
20.53

Total Means of Finance


228.53
228.53
----------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE I-C
STATEMENT SHOWING SHAREHOLDING PATTERN & STAKE STATUS
( Rupees in Lacs )
==========================================================================================
Particulars
--Existing Capital-- --Proposed Capital-- ---Total Capital-%age
Amount
%age
Amount
%age
Amount
==========================================================================================
Mr. Bhavesh Shah
100.00
52.00
100.00
52.00
Total
100.00
52.00
100.00
52.00
-----------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE II
STATEMENT SHOWING PROFITABILITY AND NET CASH ACCRUALS
( Rupees in Lacs )
===============================================================================================
Particulars
Operating Years
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
===============================================================================================
Revenue/Income/Realisation
Gross Sales Realisation
529.20
529.20
567.00
567.00
604.80
604.80
604.80
Less : Excise Duties/Levies
25.20
25.20
27.00
27.00
28.80
28.80
28.80
Net Sales Realisation
504.00
504.00
540.00
540.00
576.00
576.00
576.00
Export Sales Realisation
252.00
252.00
270.00
270.00
288.00
288.00
288.00
Total Revenue/Income/Realisation
756.00
756.00
810.00
810.00
864.00
864.00
864.00
----------------------------------------------------------------------------------------------Expenses/Cost of Products/Services/Items
Raw Material Cost
Indigenous
151.20
151.20
162.00
162.00
172.80
172.80
172.80
Total Nett Consumption
151.20
151.20
162.00
162.00
172.80
172.80
172.80
Other Material Cost
7.56
7.56
8.10
8.10
8.64
8.64
8.64
Packing Material Cost
81.75
81.75
87.59
87.59
93.43
93.43
93.43
Sub Total of Net Consumption
240.51
240.51
257.69
257.69
274.87
274.87
274.87
Consumables,Stores,etc
13.44
13.44
14.40
14.40
15.36
15.36
15.36
Employees Expenses
23.00
24.14
25.35
26.62
27.95
29.35
30.82
Power/Electricity Expenses
1.25
1.25
1.34
1.34
1.43
1.43
1.43
Depreciation
26.55
22.69
19.42
16.65
14.29
12.28
10.56
Repairs & Maintenance Exp.
5.58
5.86
6.15
6.46
6.78
7.12
7.48
Other Mfg. Expenses
3.00
3.15
3.31
3.47
3.65
3.83
4.02
Cost of Output of Goods Sold
313.33
311.04
327.66
326.63
344.33
344.24
344.54
----------------------------------------------------------------------------------------------Gross Profit
442.67
444.96
482.34
483.37
519.67
519.76
519.46
Administration Expenses
21.44
22.51
23.64
24.82
26.07
27.37
28.74
P. & P. Exp. W/Off
0.30
0.30
0.30
0.30
0.30
0.30
0.30
Technical Know-how Fees
0.60
0.60
0.60
0.60
0.60
0.60
0.60
Financial Charges
Long/Medium Term Borrowing
18.49
15.44
11.70
7.96
4.21
0.70
On Wkg. Capital Borrowings
6.77
7.32
7.86
7.93
8.42
8.49
8.53
Total Financial Charges
25.26
22.76
19.56
15.89
12.63
9.19
8.53
Selling Expenses
341.84
341.92
366.31
366.40
390.79
390.89
391.00
Total Cost of Sales
702.77
699.13
738.07
734.64
774.72
772.59
773.71
----------------------------------------------------------------------------------------------Net Profit Before Taxes
53.23
56.87
71.93
75.36
89.28
91.41
90.29
Tax on Profit
15.18
16.40
21.13
22.24
26.58
27.27
26.94
Net Profit After Taxes
38.05
40.47
50.80
53.12
62.70
64.14
63.35
Depreciation Added Back
26.55
22.69
19.42
16.65
14.29
12.28
10.56
P. & P. Exp. W/Off Added Back
0.30
0.30
0.30
0.30
0.30
0.30
0.30
Technical Know-how Fees
0.60
0.60
0.60
0.60
0.60
0.60
0.60
Net Cash Accruals
65.50
64.06
71.12
70.67
77.89
77.32
74.81
----------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE III
STATEMENT SHOWING ASSESSMENT OF WORKING CAPITAL REQUIREMENT
( Rupees in Lacs )
===============================================================================================
Particulars Stk.Prd./Term Cr.
Operating Years
1st
2nd &
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
================ Year
Onwards ===============================================================
Stocks on Hand
CURRENT ASSETS
Raw Material Cost
Indigenous
1.00 1.00 M
12.60
12.60
13.50
13.50
14.40
14.40
14.40
Other Material Co 1.00 1.00 M
0.63
0.63
0.68
0.68
0.72
0.72
0.72
Packing Material
1.00 1.00 M
6.81
6.81
7.30
7.30
7.79
7.79
7.79
Consumables,Store 1.00 1.00 M
1.12
1.12
1.20
1.20
1.28
1.28
1.28
Work-in-Process
40.00 40.00 D
22.78
25.49
27.35
27.75
29.37
29.77
30.04
Finished Goods
1.00 1.00 M
22.00
25.64
27.67
28.10
29.71
30.11
30.32
Receivables-Domestic
Book Debts
0.50 0.50 M
19.85
19.85
21.26
21.26
22.68
22.68
22.68
Current Expenses
0.50 0.50 M
16.50
16.62
17.75
17.88
19.03
19.17
19.31
Cash/Bank Balances
49.90
81.11
119.39
158.64
203.86
265.38
340.07
Gross Wkg. Capital
152.19
189.87
236.10
276.31
328.83
391.29
466.61
---------------------------------------------------------------------------------------------Sundry Creditors
CURRENT LIABILITIES
Packing Material
0.50 0.50 M
3.69
3.41
3.67
3.65
3.91
3.89
3.89
Current Expenses
0.50 0.50 M
16.50
16.62
17.75
17.88
19.03
19.17
19.31
Other Current Liabilities
Instalments Due Within Nxt 12 M
on Long/Medium Term Borrowing
31.20
31.20
31.20
31.20
15.60
Total Current Liabilities
51.39
51.22
52.62
52.73
38.54
23.06
23.21
---------------------------------------------------------------------------------------------Net Wkg.Capital(Tot.CA - Tot.CL)
100.80
138.64
183.48
223.58
290.29
368.23
443.40
M.P.B.F.
-Method I
99.00
127.38
161.01
191.08
229.42
276.17
332.55
As Per Tandon Com.Norm-Method II
93.95
122.37
155.65
185.70
223.68
270.41
326.75
Permissible Finance - D.P.(%age)
Indigenous
( 75.00 DP)
9.45
9.45
10.13
10.13
10.80
10.80
10.80
Other Material Cost ( 75.00 DP)
0.47
0.47
0.51
0.51
0.54
0.54
0.54
Packing Material Co ( 75.00 DP)
2.34
2.55
2.72
2.74
2.90
2.92
2.92
Consumables,Stores, ( 75.00 DP)
0.84
0.84
0.90
0.90
0.96
0.96
0.96
Work in Process
( 75.00 DP)
17.09
19.12
20.51
20.81
22.03
22.33
22.53
Finished Goods
( 75.00 DP)
16.50
19.23
20.75
21.08
22.28
22.58
22.74
Book Debts
( 75.00 DP)
14.88
14.88
15.95
15.95
17.01
17.01
17.01
Total Bank Finance( DP Method )
61.57
66.55
71.47
72.10
76.52
77.14
77.50
Bank Finance( Turnover Method )
156.24
156.24
167.40
167.40
178.56
178.56
178.56
Bank Finance : As per DP Method
61.57
66.55
71.47
72.10
76.52
77.14
77.50
Margin Money : (At Commencement)
20.53
22.18
23.82
Margin Money:(incl.Cash/Bk. Bal)
70.43
103.29
143.21
182.68
229.37
291.09
365.90
% Margin Money - Net Wkg.Capital
53.36
60.82
66.71
71.70
74.98
79.05
82.52
Current Ratio ( No. of times )
1.35
1.61
1.90
2.21
2.86
3.91
4.63
---------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE IV
STATEMENT SHOWING SOURCES & DISPOSITIONS OF FUNDS
( Rupees in Lacs )
===============================================================================================
Particulars
Constr.
Operating Years
Period
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
===============================================================================================
SOURCES OF FUNDS
Net Profit Before Tax
with Interest Charges
Added Back but after
Depreciation Provision
78.49
79.63
91.49
91.25
101.91
100.60
98.82
Proprietors Capital
52.00
Depreciation
26.55
22.69
19.42
16.65
14.29
12.28
10.56
Incr.in Long/Medium Ter
Proposed-Term Loan @
156.00
Incr.in Unsecured Loans
Proposed-Margin for
20.53
Incr.in Bank Borrowing
for Working Capital
61.57
4.98
4.92
0.63
4.42
0.62
0.36
Incr.in Cur.Liabilities
20.19
-0.17
1.40
0.11
1.41
0.12
0.15
P & P Expenses W/off
0.30
0.30
0.30
0.30
0.30
0.30
0.30
Technical Know-how Fees
0.60
0.60
0.60
0.60
0.60
0.60
0.60
Total Sources of Fund
228.53
187.70
108.03
118.13
109.54
122.93
114.52
110.79
----------------------------------------------------------------------------------------------DISPOSITIONS OF FUNDS
P & P Expenses
3.00
Technical Know-how Fees
6.00
Incr.in Capital Expense
199.00
Incr.in Current Assets
102.29
6.46
7.96
0.96
7.31
0.94
0.63
Decr.in Long/Medium Term
Proposed-Term Loan @
15.60
31.20
31.20
31.20
31.20
15.60
Decr.in Unsecured Loans/D
Interest/Financial Exp.
25.26
22.76
19.56
15.89
12.63
9.19
8.53
Taxes on Profit
15.18
16.40
21.13
22.24
26.58
27.27
26.94
Total Disposition
208.00
158.33
76.82
79.85
70.29
77.72
53.00
36.10
----------------------------------------------------------------------------------------------Opening Balance
20.53
49.90
81.11
119.39
158.64
203.86
265.38
Net Surplus / Deficit
20.53
29.37
31.21
38.28
39.25
45.21
61.52
74.69
Closing Balance
20.53
49.90
81.11
119.39
158.64
203.86
265.38
340.07
----------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE V
STATEMENT SHOWING PROJECTED BALANCE SHEETS (SUMMARISED)
( Rupees in Lacs )
===============================================================================================
L i a b i l i t i e s
Operating Years
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
===============================================================================================
Capital at the Begining
90.05
130.52
181.32
234.44
297.14
361.28
Add : Net Profit After Taxes
38.05
40.47
50.80
53.12
62.70
64.14
63.35
Add : Additions to Capital
52.00
Capital at the End of the Year
90.05
130.52
181.32
234.44
297.14
361.28
424.63
Long/Medium Term Borrowings
Proposed-Term Loan @ 12 %
140.40
109.20
78.00
46.80
15.60
Unsecured Loans/Deposits
Proposed-Margin for W-Cap
20.53
20.53
20.53
20.53
20.53
20.53
20.53
Bank Borrowing for Wkg. Capital
61.57
66.55
71.47
72.10
76.52
77.14
77.50
Current Liabilities
Sundry Creditors
3.69
3.41
3.67
3.65
3.91
3.89
3.89
Other Current Liabilities
16.50
16.61
17.75
17.88
19.03
19.17
19.32
Total Current Liabilities
20.19
20.02
21.42
21.53
22.94
23.06
23.21
Total of Liabilities
332.74
346.82
372.74
395.40
432.73
482.01
545.87
----------------------------------------------------------------------------------------------A S S E T S
Fixed Assets
Gross Block
196.00
196.00
196.00
196.00
196.00
196.00
196.00
Less : Depreciation to Date
26.55
49.24
68.66
85.31
99.60
111.88
122.44
Net Block
169.45
146.76
127.34
110.69
96.40
84.12
73.56
Current Assets
Stocks on Hand
65.94
72.29
77.69
78.52
83.27
84.07
84.55
Receivables
19.85
19.85
21.26
21.26
22.68
22.68
22.68
Cash and Bank Balances
49.90
81.11
119.39
158.64
203.86
265.38
340.07
Other Current Assets
16.50
16.61
17.76
17.89
19.02
19.16
19.31
Total Current Assets
152.19
189.86
236.10
276.31
328.83
391.29
466.61
P & P Exp. and/or Other Dvp.Exp.
(To The Extent Not W/Off)
8.10
7.20
6.30
5.40
4.50
3.60
2.70
Other Non Current Assets
3.00
3.00
3.00
3.00
3.00
3.00
3.00
Total of Assets
332.74
346.82
372.74
395.40
432.73
482.01
545.87
----------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE V-A
STATEMENT SHOWING PROJECTED BALANCE SHEETS (DETAILED)
( Rupees in Lacs )
===============================================================================================
L i a b i l i t i e s
Operating Years
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
===============================================================================================
Capital at the Begining
90.05
130.52
181.32
234.44
297.14
361.28
Add : Net Profit After Taxes
38.05
40.47
50.80
53.12
62.70
64.14
63.35
Add : Additions to Capital
52.00
Capital at the End of the Year
90.05
130.52
181.32
234.44
297.14
361.28
424.63
Long/Medium Term Borrowings
Proposed-Term Loan @ 12 %
140.40
109.20
78.00
46.80
15.60
Unsecured Loans/Deposits
Proposed-Margin for W-Cap
20.53
20.53
20.53
20.53
20.53
20.53
20.53
Bank Borrowing for Wkg. Capital
61.57
66.55
71.47
72.10
76.52
77.14
77.50
Current Liabilities
Sundry Creditors
Packing Material Cost
3.69
3.41
3.67
3.65
3.91
3.89
3.89
Total Sundry Creditors
3.69
3.41
3.67
3.65
3.91
3.89
3.89
Other Current Liabilities
Creditors for Expenses
16.50
16.62
17.75
17.88
19.03
19.17
19.31
Total Other C/Liabilities
16.50
16.61
17.75
17.88
19.03
19.17
19.32
Total Current Liabilities
20.19
20.02
21.42
21.53
22.94
23.06
23.21
Total of Liabilities
332.74
346.82
372.74
395.40
432.73
482.01
545.87
----------------------------------------------------------------------------------------------A S S E T S
Fixed Assets
Gross Block
196.00
196.00
196.00
196.00
196.00
196.00
196.00
Less : Depreciation to Date
26.55
49.24
68.66
85.31
99.60
111.88
122.44
Net Block
169.45
146.76
127.34
110.69
96.40
84.12
73.56
Current Assets
Stocks on Hand
Raw Material Cost
Indigenous
12.60
12.60
13.50
13.50
14.40
14.40
14.40
Other Material Cost
0.63
0.63
0.68
0.68
0.72
0.72
0.72
Packing Material Cost
6.81
6.81
7.30
7.30
7.79
7.79
7.79
Consumables,Stores,etc
1.12
1.12
1.20
1.20
1.28
1.28
1.28
Work-in-progress
22.78
25.49
27.35
27.75
29.37
29.77
30.04
Finished Goods
22.00
25.64
27.67
28.10
29.71
30.11
30.32
Total - Inventories
65.94
72.29
77.69
78.52
83.27
84.07
84.55
Receivables
Book Debts
19.85
19.85
21.26
21.26
22.68
22.68
22.68
Total Receivables
19.85
19.85
21.26
21.26
22.68
22.68
22.68
Cash and Bank Balances
49.90
81.11
119.39
158.64
203.86
265.38
340.07
Other Current Assets
Current Expenses, etc
16.50
16.61
17.76
17.89
19.02
19.16
19.31
Total Other Current Assets
16.50
16.61
17.76
17.89
19.02
19.16
19.31
Total Current Assets
152.19
189.86
236.10
276.31
328.83
391.29
466.61
P & P Exp. and/or Other Dvp.Exp.
(To The Extent Not W/Off)
P and P Expenses
2.70
2.40
2.10
1.80
1.50
1.20
0.90
Technical Know-how Fees
5.40
4.80
4.20
3.60
3.00
2.40
1.80
Total P&P & Non C/Assets
8.10
7.20
6.30
5.40
4.50
3.60
2.70
Other Non Current Assets
3.00
3.00
3.00
3.00
3.00
3.00
3.00
Total of Assets
332.74
346.82
372.74
395.40
432.73
482.01
545.87
----------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE VI
STATEMENT SHOWING IMPORTANT FINANCIAL RATIOS - I
( Rupees in Lacs )
===============================================================================================
P a r t i c u l a r s
Operating Years
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
===============================================================================================
Profit Percentages to Net Sales
Gross Profit
442.67
444.96
482.34
483.37
519.67
519.76
519.46
% Of G.P. to Net Sales
58.55
58.86
59.55
59.68
60.15
60.16
60.12
P.B.I.D.T.
105.04
102.32
110.91
107.90
116.20
112.88
109.38
% Of PBIDT to Net Sales
13.89
13.53
13.69
13.32
13.45
13.06
12.66
Net Profit Before Taxes
53.23
56.87
71.93
75.36
89.28
91.41
90.29
% of N.P.B.T. To Net Sales
7.04
7.52
8.88
9.30
10.33
10.58
10.45
Net Profit After Taxes
38.05
40.47
50.80
53.12
62.70
64.14
63.35
% of N.P.A.T. To Net Sales
5.03
5.35
6.27
6.56
7.26
7.42
7.33
Net Cash Accruals
65.50
64.06
71.12
70.67
77.89
77.32
74.81
% Of Cash Accruals to NSales
8.66
8.47
8.78
8.72
9.02
8.95
8.66
----------------------------------------------------------------------------------------------Debt Service Coverage Ratio
Funds Available to Service Debts
Net Profit After Taxes
38.05
40.47
50.80
53.12
62.70
64.14
63.35
Depreciation Charges
26.55
22.69
19.42
16.65
14.29
12.28
10.56
P.& P. Exp. W/Off
0.30
0.30
0.30
0.30
0.30
0.30
0.30
Technical Know-how Fees
0.60
0.60
0.60
0.60
0.60
0.60
0.60
Interest on Long/Medium Term
18.49
15.44
11.70
7.96
4.21
0.70
T o t a l
83.99
79.50
82.82
78.63
82.10
78.02
74.81
Debt Service Obligations
Repayment of Long/Medium Ter
15.60
31.20
31.20
31.20
31.20
15.60
Interest on Long/Medium Term
18.49
15.44
11.70
7.96
4.21
0.70
T o t a l
34.09
46.64
42.90
39.16
35.41
16.30
D. S. C. R. (Individual)
2.46
1.70
1.93
2.01
2.32
4.79
D. S. C. R. (Cumulative) .....
2.46
2.03
1.99
2.00
2.05
2.26
D. S. C. R. (Overall) ........ ..................
2.26 ...................................
----------------------------------------------------------------------------------------------Indebtedness Ratios
Initial
DEBT / EQUITY (Non Quasi)
3.39
1.96
1.05
0.56
0.29
0.12
0.06
0.05
DEBT / EQUITY ( Quasi )
2.15
1.37
0.76
0.40
0.19
0.05
0.00
0.00
TOL / TNW
(Non Quasi)
2.96
1.75
1.09
0.70
0.46
0.34
0.29
TOL / TNW
( Quasi )
2.17
1.36
0.87
0.56
0.37
0.26
0.23
Assets Turnover Ratio (x)
2.33
2.23
2.21
2.08
2.02
1.81
1.59
Interest Coverage(x) (PBIDT/Int.)
4.16
4.50
5.67
6.79
9.20
12.28
12.82
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE VII
STATEMENT SHOWING IMPORTANT FINANCIAL RATIOS - II
( Rupees in Lacs )
=============================================================================================
Particulars
Operating Years
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
=============================================================================================
BREAK EVEN ANALYSIS
Total Value of Output/Services
672.00
672.00
720.00
720.00
768.00
768.00
768.00
Other Operating Income
Total Operating Income
672.00
672.00
720.00
720.00
768.00
768.00
768.00
Variable Cost of Output/Services
Raw Material Cost
151.20
Other Material Cost
7.56
Packing Material Cost
81.75
Interest on Working Capital
6.77
Sales Commission/Variable Exp
340.20
Less : W.I.P. Adjustments
22.78
Total Variable Cost
564.70
Net Contribution

107.30

151.20
7.56
81.75
7.32
340.20
2.71
585.32

162.00
8.10
87.59
7.86
364.50
1.86
628.19

162.00
8.10
87.59
7.93
364.50
0.40
629.72

172.80
8.64
93.43
8.42
388.80
1.62
670.47

172.80
8.64
93.43
8.49
388.80
0.40
671.76

172.80
8.64
93.43
8.53
388.80
0.27
671.93

86.68

91.81

90.28

97.53

96.24

96.07

Profit Volume Ratio (%age)


15.96
12.89
12.75
12.53
12.69
12.53
12.50
--------------------------------------------------------------------------------------------Semi Fixed / Semi Variable Exp.
Semi Fixed Expenses (Fixed)
Depreciation Charges
26.55
22.69
19.42
16.65
14.29
12.28
10.56
Deferred Expenses W/Off
0.90
0.90
0.90
0.90
0.90
0.90
0.90
Interest Charges
18.49
15.44
11.70
7.96
4.21
0.70
Less : Misc. Income
Total Net Fixed Expenses
45.94
39.03
32.02
25.51
19.40
13.88
11.46
Total Net Cash Fixed Expenses
18.49
15.44
11.70
7.96
4.21
0.70
Semi Fixed Exp.(Semi-Fixed)
Consumables,Stores,etc
Employees Expenses
0.27
0.57
0.88
1.21
2.61
4.08
Power/Electricity Expenses
0.00
0.00
0.00
0.00
0.00
Repairs & Maintenance Exp.
0.06
0.13
0.21
0.29
0.63
0.99
Other Mfg. Expenses
0.03
0.07
0.11
0.16
0.34
0.53
Administration&Selling Expens
0.28
0.58
0.89
1.22
2.62
4.10
Total Semi Fixed Exp.
0.66
1.37
2.11
2.89
6.21
9.71
Semi Fixed Exp.(Variable)
Consumables,Stores,etc
13.44
13.44
14.40
14.40
15.36
15.36
15.36
Employees Expenses
23.00
23.86
24.77
25.73
26.73
26.73
26.73
Power/Electricity Expenses
1.25
1.25
1.33
1.33
1.42
1.42
1.42
Repairs & Maintenance Exp.
5.58
5.79
6.01
6.24
6.48
6.48
6.48
Other Mfg. Expenses
3.00
3.11
3.23
3.35
3.48
3.48
3.48
Administration&Selling Expens
23.08
23.94
24.86
25.82
26.83
26.83
26.83
Total Semi Fixed Expenses
69.35
71.40
74.62
76.89
80.33
80.33
80.33
Total Expenses
115.29
111.10
108.02
104.52
102.63
100.43
101.51
Total Cash Expenses
87.84
87.51
87.70
86.97
87.44
87.25
90.05
--------------------------------------------------------------------------------------------Cash Break Even Sales
550.12
678.43
687.76
693.60
688.54
696.25
719.87
Cash Margin of Safety
205.87
77.56
122.23
116.39
175.45
167.74
144.12
Break Even Sales
722.03
861.31
847.12
833.56
808.15
801.43
811.48
Margin of Safety
33.96 -105.31
-37.12
-23.56
55.84
62.56
52.51
--------------------------------------------------------------------------------------------At Maximum Utilisation :
Year
5.00
(as % to Installed Capacity)
Cash B.E.P. :
%
63.75
B.E.P. :
%
74.82
--------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE VIII
STATEMENT SHOWING IMPORTANT FINANCIAL RATIOS - III
================================================================================================
Particulars
Operating Years
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
================================================================================================
Post Tax INTERNAL RATE OF RETURN
IN-FLOW of Funds
Net Profit After Taxes
38.05
Added Back
Depreciation Charges
26.55
P & P Expenses W/off
0.90
Interest Charges
18.49
Revenue Inflow of Funds
83.99
Residual Value-M/Money
Total Inflow of Funds
83.99
OUT-FLOW of Funds
Capital Out-flow of Funds

40.47

50.80

53.12

62.70

64.14

63.35

22.69
0.90
15.44
79.50

19.42
0.90
11.70
82.82

16.65
0.90
7.96
78.63

14.29
0.90
4.21
82.10

12.28
0.90
0.70
78.02

10.56
0.90

79.50

82.82

78.63

82.10

78.02

74.81
20.53
95.34

228.53

Present Value (PV) Factor 0.6614194 0.4374756 0.2893549 0.1913849 0.1265857 0.0837262 0.0553782
Discounted Cash In-Flow
55.55
34.77
23.96
15.04
10.39
6.53
5.27
Discounted Cash Out-Flow
151.15
Total PV:IN-Flow(all yrs)
151.54
Total PV:OUT-Flow(all yrs)
151.15
Effective Post-Tax IRR%
51.19
-----------------------------------------------------------------------------------------------Pre Tax INTERNAL RATE OF RETURN
IN-FLOW of Funds
Net Profit Before Taxes
53.23
Added Back
Depreciation Charges
26.55
P & P Expenses W/off
0.90
Interest Charges
18.49
Revenue Inflow of Funds
99.17
Residual Value-M/Money
Total Inflow of Funds
99.17
OUT-FLOW of Funds
Capital Out-flow of Funds
Present Value(PV) Factor
Discounted Cash In-Flow
Discounted Cash Out-Flow

56.87

71.93

75.36

89.28

91.41

90.29

22.69
0.90
15.44
95.90

19.42
0.90
11.70
103.95

16.65
0.90
7.96
100.87

14.29
0.90
4.21
108.68

12.28
0.90
0.70
105.29

10.56
0.90

95.90

103.95

100.87

108.68

105.29

101.75
20.53
122.28

228.53
0.5711348 0.3261950 0.1863013 0.1064032 0.0607706 0.0347082 0.0198231
56.63
31.28
19.36
10.73
6.60
3.65
2.42
130.52

Total PV:IN-Flow(all yrs)


130.70
Total PV:OUT-Flow(all yrs)
130.52
Effective Pre-Tax IRR%
75.09
-----------------------------------------------------------------------------------------------Un-Discounted
PAY BACK PERIOD ::
2 YEARS &
6.44 MONTHS
-----------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE IX
STATEMENT SHOWING SENSITIVITY ANALYSIS - I
===============================================================================================
Particulars
Operating Years
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
===============================================================================================
INCREASE IN SALES PRICES ::: By
5.00 %
Resultant - Sale Value(Sales)
793.80
793.80
850.50
850.50
907.20
907.20
907.20
Resultant - Gross Profit
480.47
482.76
522.84
523.87
562.87
562.96
562.66
Resultant - N.P.B.T.
91.03
94.67
112.43
115.86
132.48
134.61
133.49
Resultant - Tax on Profit
26.86
28.08
33.64
34.75
39.93
40.61
40.29
Resultant - N.P.A.T.
64.17
66.59
78.79
81.11
92.55
94.00
93.20
Resultant
As such
Resultant
Resultant
Resultant

Funds available
Debt Obligations
DSCR (Individual)
DSCR (cumulative)
DSCR (overall)

110.11
105.62
34.09
46.64
3.23
2.26
3.23
2.67
........ ........

110.81
106.62
111.95
107.88
104.66
42.90
39.16
35.41
16.30
2.58
2.72
3.16
6.62
2.64
2.66
2.75
3.04
3.53
3.53 ........ ........ ........ ........

Resultant - Sale Value(Output)


705.60
705.60
756.00
756.00
806.40
806.40
806.40
As such
- Variable Cost
564.70
585.32
628.19
629.72
670.47
671.76
671.93
Resultant - Nett Contribution
140.90
120.28
127.81
126.28
135.93
134.64
134.47
Resultant - PV Ratio (%age)
19.97
17.05
16.91
16.70
16.86
16.70
16.68
Resultant - Cash BEP Sales
439.89
513.36
518.75
520.66
518.73
522.57
540.02
Resultant - BEP Sales
577.35
651.75
638.94
625.73
608.85
601.51
608.74
Resultant - Cash BEP % (Yr. 5) ........ ........ ........ ........
45.74 ........ ........
Resultant - BEP %age
(Yr. 5) ........ ........ ........ ........
53.69 ........ ........
Resultant - DEBT EQUITY RATIO
- Unsecured Dep. as Equity
1.09
0.64
0.35
0.17
0.05
- Unsecured Dep. as Debt
1.49
0.87
0.49
0.26
0.11
0.05
0.05
Resultant - ROI (%age)
35.82
34.58
36.02
33.78
33.89
30.06
26.15
Resultant - RONW (%age)
45.17
51.02
43.45
34.60
31.15
26.02
21.95
----------------------------------------------------------------------------------------------DECREASE IN SALES PRICES ::: By
5.00 %
Resultant - Sale Value(Sales)
718.20
718.20
769.50
769.50
820.80
820.80
820.80
Resultant - Gross Profit
404.87
407.16
441.84
442.87
476.47
476.56
476.26
Resultant - N.P.B.T.
15.43
19.07
31.43
34.86
46.08
48.21
47.09
Resultant - Tax on Profit
3.50
4.72
8.61
9.72
13.23
13.92
13.59
Resultant - N.P.A.T.
11.93
14.35
22.82
25.14
32.85
34.29
33.50
Resultant
As such
Resultant
Resultant
Resultant

Funds available
Debt Obligations
DSCR (Individual)
DSCR (cumulative)
DSCR (overall)

57.87
53.38
34.09
46.64
1.70
1.14
1.70
1.38
........ ........

54.84
50.65
52.25
48.17
44.96
42.90
39.16
35.41
16.30
1.28
1.29
1.48
2.96
1.34
1.33
1.36
1.48
1.69
1.69 ........ ........ ........ ........

Resultant - Sale Value(Output)


638.40
638.40
684.00
684.00
729.60
729.60
729.60
As such
- Variable Cost
564.70
585.32
628.19
629.72
670.47
671.76
671.93
Resultant - Nett Contribution
73.70
53.08
55.81
54.28
59.13
57.84
57.67
Resultant - PV Ratio (%age)
11.54
8.31
8.16
7.94
8.10
7.93
7.90
Resultant - Cash BEP Sales
760.88 1052.49 1074.84 1095.94 1078.91 1100.58 1139.25
Resultant - BEP Sales
998.66 1336.21 1323.88 1317.09 1266.34 1266.83 1284.23
Resultant - Cash BEP % (Yr. 5) ........ ........ ........ ........
95.14 ........ ........
Resultant - BEP %age
(Yr. 5) ........ ........ ........ ........
111.67 ........ ........
Resultant - DEBT EQUITY RATIO
- Unsecured Dep. as Equity
1.84
0.93
0.47
0.21
0.06
- Unsecured Dep. as Debt
2.88
1.33
0.67
0.33
0.14
0.06
0.05
Resultant - ROI (%age)
12.53
12.32
13.91
13.01
13.71
12.00
10.24
Resultant - RONW (%age)
8.40
10.99
12.58
10.72
11.05
9.49
7.89
-----------------------------------------------------------------------------------------------

Mrunal Wine Industries


ANNEXURE IX
STATEMENT SHOWING SENSITIVITY ANALYSIS - II
===============================================================================================
Particulars
Operating Years
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
===============================================================================================
INCREASE IN SALES PRICES ::: By
5.00 %
Resultant - Sale Value(Sales)
793.80
793.80
850.50
850.50
907.20
907.20
907.20
Resultant - Gross Profit
480.47
482.76
522.84
523.87
562.87
562.96
562.66
Resultant - N.P.B.T.
91.03
94.67
112.43
115.86
132.48
134.61
133.49
Resultant - Tax on Profit
26.86
28.08
33.64
34.75
39.93
40.61
40.29
Resultant - N.P.A.T.
64.17
66.59
78.79
81.11
92.55
94.00
93.20
Resultant
As such
Resultant
Resultant
Resultant

Funds available
Debt Obligations
DSCR (Individual)
DSCR (cumulative)
DSCR (overall)

110.11
105.62
34.09
46.64
3.23
2.26
3.23
2.67
........ ........

110.81
106.62
111.95
107.88
104.66
42.90
39.16
35.41
16.30
2.58
2.72
3.16
6.62
2.64
2.66
2.75
3.04
3.53
3.53 ........ ........ ........ ........

Resultant - Sale Value(Output)


705.60
705.60
756.00
756.00
806.40
806.40
806.40
As such
- Variable Cost
564.70
585.32
628.19
629.72
670.47
671.76
671.93
Resultant - Nett Contribution
140.90
120.28
127.81
126.28
135.93
134.64
134.47
Resultant - PV Ratio (%age)
19.97
17.05
16.91
16.70
16.86
16.70
16.68
Resultant - Cash BEP Sales
439.89
513.36
518.75
520.66
518.73
522.57
540.02
Resultant - BEP Sales
577.35
651.75
638.94
625.73
608.85
601.51
608.74
Resultant - Cash BEP % (Yr. 5) ........ ........ ........ ........
45.74 ........ ........
Resultant - BEP %age
(Yr. 5) ........ ........ ........ ........
53.69 ........ ........
Resultant - DEBT EQUITY RATIO
- Unsecured Dep. as Equity
1.09
0.64
0.35
0.17
0.05
- Unsecured Dep. as Debt
1.49
0.87
0.49
0.26
0.11
0.05
0.05
Resultant - ROI (%age)
35.82
34.58
36.02
33.78
33.89
30.06
26.15
Resultant - RONW (%age)
45.17
51.02
43.45
34.60
31.15
26.02
21.95
----------------------------------------------------------------------------------------------DECREASE IN SALES PRICES ::: By
5.00 %
Resultant - Sale Value(Sales)
718.20
718.20
769.50
769.50
820.80
820.80
820.80
Resultant - Gross Profit
404.87
407.16
441.84
442.87
476.47
476.56
476.26
Resultant - N.P.B.T.
15.43
19.07
31.43
34.86
46.08
48.21
47.09
Resultant - Tax on Profit
3.50
4.72
8.61
9.72
13.23
13.92
13.59
Resultant - N.P.A.T.
11.93
14.35
22.82
25.14
32.85
34.29
33.50
Resultant
As such
Resultant
Resultant
Resultant

Funds available
Debt Obligations
DSCR (Individual)
DSCR (cumulative)
DSCR (overall)

57.87
53.38
34.09
46.64
1.70
1.14
1.70
1.38
........ ........

54.84
50.65
52.25
48.17
44.96
42.90
39.16
35.41
16.30
1.28
1.29
1.48
2.96
1.34
1.33
1.36
1.48
1.69
1.69 ........ ........ ........ ........

Resultant - Sale Value(Output)


638.40
638.40
684.00
684.00
729.60
729.60
729.60
As such
- Variable Cost
564.70
585.32
628.19
629.72
670.47
671.76
671.93
Resultant - Nett Contribution
73.70
53.08
55.81
54.28
59.13
57.84
57.67
Resultant - PV Ratio (%age)
11.54
8.31
8.16
7.94
8.10
7.93
7.90
Resultant - Cash BEP Sales
760.88 1052.49 1074.84 1095.94 1078.91 1100.58 1139.25
Resultant - BEP Sales
998.66 1336.21 1323.88 1317.09 1266.34 1266.83 1284.23
Resultant - Cash BEP % (Yr. 5) ........ ........ ........ ........
95.14 ........ ........
Resultant - BEP %age
(Yr. 5) ........ ........ ........ ........
111.67 ........ ........
Resultant - DEBT EQUITY RATIO
- Unsecured Dep. as Equity
1.84
0.93
0.47
0.21
0.06
- Unsecured Dep. as Debt
2.88
1.33
0.67
0.33
0.14
0.06
0.05
Resultant - ROI (%age)
12.53
12.32
13.91
13.01
13.71
12.00
10.24
Resultant - RONW (%age)
8.40
10.99
12.58
10.72
11.05
9.49
7.89
-----------------------------------------------------------------------------------------------

Mrunal Wine Industries


ANNEXURE IX
STATEMENT SHOWING SENSITIVITY ANALYSIS - III
===============================================================================================
Particulars
Operating Years
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
===============================================================================================
INCREASE IN MAIN MATERIAL PRICES ::: By
5.00 %
Resultant - Main Material Amt
158.76
158.76
170.10
170.10
181.44
181.44
181.44
Resultant - Gross Profit
435.11
437.40
474.24
475.27
511.03
511.12
510.82
Resultant - N.P.B.T.
45.67
49.31
63.83
67.26
80.64
82.77
81.65
Resultant - Tax on Profit
12.85
14.07
18.62
19.74
23.91
24.60
24.27
Resultant - N.P.A.T.
32.82
35.24
45.21
47.52
56.73
58.17
57.38
Resultant
As such
Resultant
Resultant
Resultant

Funds available
Debt Obligations
DSCR (Individual)
DSCR (cumulative)
DSCR (overall)

78.76
74.27
34.09
46.64
2.31
1.59
2.31
1.90
........ ........

77.23
73.03
76.13
72.05
68.84
42.90
39.16
35.41
16.30
1.80
1.87
2.15
4.42
1.86
1.86
1.91
2.10
2.43
2.43 ........ ........ ........ ........

As such
- Sale Value(Output)
672.00
672.00
720.00
720.00
768.00
768.00
768.00
Resultant - Variable Cost
572.26
592.88
636.29
637.82
679.11
680.40
680.57
Resultant - Nett Contribution
99.74
79.12
83.71
82.18
88.89
87.60
87.43
Resultant - PV Ratio (%age)
14.84
11.77
11.63
11.41
11.57
11.41
11.38
Resultant - Cash BEP Sales
591.82
743.26
754.32
761.97
755.47
764.93
791.01
Resultant - BEP Sales
776.77
943.62
929.09
915.73
886.71
880.48
891.68
Resultant - Cash BEP % (Yr. 5) ........ ........ ........ ........
69.95 ........ ........
Resultant - BEP %age
(Yr. 5) ........ ........ ........ ........
82.10 ........ ........
Resultant - DEBT EQUITY RATIO
- Unsecured Dep. as Equity
1.44
0.79
0.41
0.19
0.05
- Unsecured Dep. as Debt
2.10
1.10
0.58
0.30
0.13
0.06
0.05
Resultant - ROI (%age)
21.85
21.22
22.76
21.32
21.78
19.22
16.60
Resultant - RONW (%age)
23.11
27.00
24.93
20.27
19.09
16.10
13.51
----------------------------------------------------------------------------------------------DECREASE IN MAIN MATERIAL PRICES ::: By
5.00 %
Resultant - Main Material Amt
143.64
143.64
153.90
153.90
164.16
164.16
164.16
Resultant - Gross Profit
450.23
452.52
490.44
491.47
528.31
528.40
528.10
Resultant - N.P.B.T.
60.79
64.43
80.03
83.46
97.92
100.05
98.93
Resultant - Tax on Profit
17.52
18.74
23.63
24.74
29.25
29.94
29.61
Resultant - N.P.A.T.
43.27
45.69
56.40
58.72
68.67
70.11
69.32
Resultant
As such
Resultant
Resultant
Resultant

Funds available
Debt Obligations
DSCR (Individual)
DSCR (cumulative)
DSCR (overall)

89.21
84.72
34.09
46.64
2.62
1.82
2.62
2.15
........ ........

88.42
84.23
88.07
83.99
80.78
42.90
39.16
35.41
16.30
2.06
2.15
2.49
5.15
2.12
2.13
2.19
2.42
2.79
2.79 ........ ........ ........ ........

As such
- Sale Value(Output)
672.00
672.00
720.00
720.00
768.00
768.00
768.00
Resultant - Variable Cost
557.14
577.76
620.09
621.62
661.83
663.12
663.29
Resultant - Nett Contribution
114.86
94.24
99.91
98.38
106.17
104.88
104.71
Resultant - PV Ratio (%age)
17.09
14.02
13.88
13.66
13.82
13.66
13.63
Resultant - Cash BEP Sales
513.92
624.01
632.01
636.50
632.51
638.90
660.48
Resultant - BEP Sales
674.52
792.22
778.44
764.94
742.39
735.41
744.53
Resultant - Cash BEP % (Yr. 5) ........ ........ ........ ........
58.57 ........ ........
Resultant - BEP %age
(Yr. 5) ........ ........ ........ ........
68.74 ........ ........
Resultant - DEBT EQUITY RATIO
- Unsecured Dep. as Equity
1.30
0.73
0.39
0.18
0.05
- Unsecured Dep. as Debt
1.85
1.01
0.55
0.29
0.12
0.06
0.05
Resultant - ROI (%age)
26.51
25.67
27.18
25.47
25.82
22.83
19.78
Resultant - RONW (%age)
30.46
35.01
31.11
25.05
23.11
19.41
16.33
-----------------------------------------------------------------------------------------------

Mrunal Wine Industries


ANNEXURE IX
STATEMENT SHOWING SENSITIVITY ANALYSIS - IV
===============================================================================================
Particulars
Operating Years
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
===============================================================================================
INCREASE IN MAIN MATERIAL PRICES ::: By
5.00 %
Resultant - Main Material Amt
158.76
158.76
170.10
170.10
181.44
181.44
181.44
Resultant - Gross Profit
435.11
437.40
474.24
475.27
511.03
511.12
510.82
Resultant - N.P.B.T.
45.67
49.31
63.83
67.26
80.64
82.77
81.65
Resultant - Tax on Profit
12.85
14.07
18.62
19.74
23.91
24.60
24.27
Resultant - N.P.A.T.
32.82
35.24
45.21
47.52
56.73
58.17
57.38
Resultant
As such
Resultant
Resultant
Resultant

Funds available
Debt Obligations
DSCR (Individual)
DSCR (cumulative)
DSCR (overall)

78.76
74.27
34.09
46.64
2.31
1.59
2.31
1.90
........ ........

77.23
73.03
76.13
72.05
68.84
42.90
39.16
35.41
16.30
1.80
1.87
2.15
4.42
1.86
1.86
1.91
2.10
2.43
2.43 ........ ........ ........ ........

As such
- Sale Value(Output)
672.00
672.00
720.00
720.00
768.00
768.00
768.00
Resultant - Variable Cost
572.26
592.88
636.29
637.82
679.11
680.40
680.57
Resultant - Nett Contribution
99.74
79.12
83.71
82.18
88.89
87.60
87.43
Resultant - PV Ratio (%age)
14.84
11.77
11.63
11.41
11.57
11.41
11.38
Resultant - Cash BEP Sales
591.82
743.26
754.32
761.97
755.47
764.93
791.01
Resultant - BEP Sales
776.77
943.62
929.09
915.73
886.71
880.48
891.68
Resultant - Cash BEP % (Yr. 5) ........ ........ ........ ........
69.95 ........ ........
Resultant - BEP %age
(Yr. 5) ........ ........ ........ ........
82.10 ........ ........
Resultant - DEBT EQUITY RATIO
- Unsecured Dep. as Equity
1.44
0.79
0.41
0.19
0.05
- Unsecured Dep. as Debt
2.10
1.10
0.58
0.30
0.13
0.06
0.05
Resultant - ROI (%age)
21.85
21.22
22.76
21.32
21.78
19.22
16.60
Resultant - RONW (%age)
23.11
27.00
24.93
20.27
19.09
16.10
13.51
----------------------------------------------------------------------------------------------DECREASE IN MAIN MATERIAL PRICES ::: By
5.00 %
Resultant - Main Material Amt
143.64
143.64
153.90
153.90
164.16
164.16
164.16
Resultant - Gross Profit
450.23
452.52
490.44
491.47
528.31
528.40
528.10
Resultant - N.P.B.T.
60.79
64.43
80.03
83.46
97.92
100.05
98.93
Resultant - Tax on Profit
17.52
18.74
23.63
24.74
29.25
29.94
29.61
Resultant - N.P.A.T.
43.27
45.69
56.40
58.72
68.67
70.11
69.32
Resultant
As such
Resultant
Resultant
Resultant

Funds available
Debt Obligations
DSCR (Individual)
DSCR (cumulative)
DSCR (overall)

89.21
84.72
34.09
46.64
2.62
1.82
2.62
2.15
........ ........

88.42
84.23
88.07
83.99
80.78
42.90
39.16
35.41
16.30
2.06
2.15
2.49
5.15
2.12
2.13
2.19
2.42
2.79
2.79 ........ ........ ........ ........

As such
- Sale Value(Output)
672.00
672.00
720.00
720.00
768.00
768.00
768.00
Resultant - Variable Cost
557.14
577.76
620.09
621.62
661.83
663.12
663.29
Resultant - Nett Contribution
114.86
94.24
99.91
98.38
106.17
104.88
104.71
Resultant - PV Ratio (%age)
17.09
14.02
13.88
13.66
13.82
13.66
13.63
Resultant - Cash BEP Sales
513.92
624.01
632.01
636.50
632.51
638.90
660.48
Resultant - BEP Sales
674.52
792.22
778.44
764.94
742.39
735.41
744.53
Resultant - Cash BEP % (Yr. 5) ........ ........ ........ ........
58.57 ........ ........
Resultant - BEP %age
(Yr. 5) ........ ........ ........ ........
68.74 ........ ........
Resultant - DEBT EQUITY RATIO
- Unsecured Dep. as Equity
1.30
0.73
0.39
0.18
0.05
- Unsecured Dep. as Debt
1.85
1.01
0.55
0.29
0.12
0.06
0.05
Resultant - ROI (%age)
26.51
25.67
27.18
25.47
25.82
22.83
19.78
Resultant - RONW (%age)
30.46
35.01
31.11
25.05
23.11
19.41
16.33
-----------------------------------------------------------------------------------------------

Mrunal Wine Industries


ANNEXURE X
STATEMENT SHOWING USAGE OF DETERMINED LOAD/CAPACITY AND QUANTITATIVE DETAILS
==============================================================================================================
Particulars
Uom
Operating Years
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
==============================================================================================================
Determined Capacity P.A.
of Products/Services
Grape Wine

Btl

240000.00

240000.00

240000.00

240000.00

240000.00

240000.00

240000.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

240000.00

240000.00

240000.00

240000.00

240000.00

240000.00

240000.00

3.00

3.00

3.00

3.00

3.00

3.00

3.00

150

150

150

150

150

150

150

70.00

70.00

75.00

75.00

80.00

80.00

80.00

168000.00

168000.00

180000.00

180000.00

192000.00

192000.00

192000.00

Achievable Efficiency/Yield %
of Products/Services/Items
Grape Wine

Net Usable Load/Capacity


of Products/Services/Items
Grape Wine

Btl

No of Shifts Wkg./Day
No of Working Days/Year
Expected Usage/Utilisation of
Achievable Load/Capacity (%)
Grape Wine

Expected Usage/Output
Grape Wine

Btl

Expected Sales/Revenue/Income
of Products/Services/Items
Grape Wine
Btl
168000.00
168000.00
180000.00
180000.00
192000.00
192000.00
192000.00
-------------------------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XI
STATEMENT SHOWING DOMESTIC SALES REALISATION
( Rupees in Lacs )
===================================================================================================
Operating
Description of
Quantity
Nett
Nett
Excise OthrGvt
Gross
Year
Product/Service/Item
Uom (Domestic) Price (Rs)
Value
Duty
Levies
Value
===================================================================================================
2015-16
Grape Wine
Y e a r
T o t a l s

: :

Btl

Grape Wine
Y e a r
T o t a l s

: :

Grape Wine
Y e a r
T o t a l s

: :

Grape Wine
Y e a r
T o t a l s

: :

Grape Wine
Y e a r
T o t a l s

: :

Grape Wine
Y e a r
T o t a l s

: :

126000.00

400.00

504.00
504.00

25.20
25.20

529.20
529.20

126000.00

400.00

504.00
504.00

25.20
25.20

529.20
529.20

135000.00

400.00

540.00
540.00

27.00
27.00

567.00
567.00

135000.00

400.00

540.00
540.00

27.00
27.00

567.00
567.00

144000.00

400.00

576.00
576.00

28.80
28.80

604.80
604.80

144000.00

400.00

576.00
576.00

28.80
28.80

604.80
604.80

2016-17
Btl

2017-18
Btl

2018-19
Btl

2019-20
Btl

2020-21
Btl

2021-22
Grape Wine
Btl
144000.00
400.00
576.00
28.80
604.80
Y e a r
T o t a l s
: :
576.00
28.80
604.80
--------------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XI
STATEMENT SHOWING SALES REALISATION
( Rupees in Lacs )
==========================================================================
Operating
Output
Amt. Per
Total
Year
Product/Service/Item
Uom
Quantity
Unit(Rs)
Amt.
==========================================================================
2015-16
Grape Wine
Y e a r
T o t a l :

Btl

42000.00

600.00

252.00
252.00

Grape Wine
Y e a r
T o t a l :

Btl

42000.00

600.00

252.00
252.00

Grape Wine
Y e a r
T o t a l :

Btl

45000.00

600.00

270.00
270.00

Grape Wine
Y e a r
T o t a l :

Btl

45000.00

600.00

270.00
270.00

Grape Wine
Y e a r
T o t a l :

Btl

48000.00

600.00

288.00
288.00

Grape Wine
Y e a r
T o t a l :

Btl

48000.00

600.00

288.00
288.00

2016-17

2017-18

2018-19

2019-20

2020-21

2021-22
Grape Wine
Btl
48000.00
600.00
288.00
Y e a r
T o t a l :
288.00
-------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XIV
STATEMENT SHOWING RAW MATERIAL COST
( Rupees in Lacs )
============================================================================================================
Operating Year
Output
Adj. For
Total
Cost Per
<Classification> Total
Product/Service/Item Desc Uom
Quantity
WIP. Stk
Quantity
Unit(Rs)
I
II
Cost
============================================================================================================
2015-16
Grape Wine
Btl
Total Raw Mat.Requirement

168000.00

168000.00

90.00

151.20
151.20

151.20
151.20

2016-17
Grape Wine
Btl
Total Raw Mat.Requirement

168000.00

168000.00

90.00

151.20
151.20

151.20
151.20

2017-18
Grape Wine
Btl
Total Raw Mat.Requirement

180000.00

180000.00

90.00

162.00
162.00

162.00
162.00

2018-19
Grape Wine
Btl
Total Raw Mat.Requirement

180000.00

180000.00

90.00

162.00
162.00

162.00
162.00

2019-20
Grape Wine
Btl
Total Raw Mat.Requirement

192000.00

192000.00

90.00

172.80
172.80

172.80
172.80

2020-21
Grape Wine
Btl
Total Raw Mat.Requirement

192000.00

192000.00

90.00

172.80
172.80

172.80
172.80

2021-22
Grape Wine
Btl
192000.00
192000.00
90.00
172.80
172.80
Total Raw Mat.Requirement
172.80
172.80
-----------------------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XIV-B
STATEMENT SHOWING RAW MATERIAL COST PER UNIT
==============================================================================================================
Product/Service/Item Desc
Quantity
Losses
Per
Total
Rate Per
Total
Batch Qty.
Amt. Per
Raw Material Description Uom
Batch
%Age
Quantity
Unit (Rs)
Amt.
of Output
Unit(Rs)
==============================================================================================================
Grape Wine

Btl

Grapes
Kg
1.50 0.00%
1.50
60.00
90.00
Sub Totals
90.00
Add Loss/Wastage @ 0.00%
Totals (Indigenous
)
90.00
1.00
90.00
-------------------------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XV
STATEMENT SHOWING OTHER MATERIAL COST
( Rupees in Lacs )
=========================================================================
Operating
Total
Expenses Total
Year
Product/Service/Item Desc.
Uom
Amount
(%)
Amt.
=========================================================================
2015-16
Grape Wine
Total Requirement

: :

Grape Wine
Total Requirement

: :

Grape Wine
Total Requirement

: :

Grape Wine
Total Requirement

: :

Grape Wine
Total Requirement

: :

Grape Wine
Total Requirement

: :

Btl

151.20

5.00

7.56
7.56

Btl

151.20

5.00

7.56
7.56

Btl

162.00

5.00

8.10
8.10

Btl

162.00

5.00

8.10
8.10

Btl

172.80

5.00

8.64
8.64

Btl

172.80

5.00

8.64
8.64

2016-17

2017-18

2018-19

2019-20

2020-21

2021-22
Grape Wine
Btl
172.80
5.00
8.64
Total Requirement
: :
8.64
------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XVI
STATEMENT SHOWING PACKING MATERIAL COST
( Rupees in Lacs )
================================================================================================
Operating
Output
Adjustment
Total
Amt. Per
Total
Year
Product/Service/Item Desc Uom
Quantity
For WIP
Quantity
Unit(Rs)
Amt.
================================================================================================
2015-16
Grape Wine
Y e a r
T o t a l: :

Btl

168000.00

168000.00

48.66

81.75
81.75

Grape Wine
Y e a r
T o t a l: :

Btl

168000.00

168000.00

48.66

81.75
81.75

Grape Wine
Y e a r
T o t a l: :

Btl

180000.00

180000.00

48.66

87.59
87.59

Grape Wine
Y e a r
T o t a l: :

Btl

180000.00

180000.00

48.66

87.59
87.59

Grape Wine
Y e a r
T o t a l: :

Btl

192000.00

192000.00

48.66

93.43
93.43

Grape Wine
Y e a r
T o t a l: :

Btl

192000.00

192000.00

48.66

93.43
93.43

2016-17

2017-18

2018-19

2019-20

2020-21

2021-22
Grape Wine
Btl
192000.00
192000.00
48.66
93.43
Y e a r
T o t a l: :
93.43
-----------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XVI-B
STATEMENT SHOWING PACKING MATERIAL COST PER UNIT
==============================================================================================================
Product/Service/Item Desc
Quantity
Losses
Per
Total
Rate Per
Total
Batch Qty.
Amt. Per
Description
Uom
Batch
%Age
Quantity
Unit (Rs)
Amt.
of Output
Unit(Rs)
==============================================================================================================
Grape Wine
Btl
Bottle
1
1.00 2.00%
1.02
18.00
18.36
Cork
Pcs
1.00 1.00%
1.01
30.00
30.30
Sub Total
48.66
Add Loss/Wastage @ 0.00 %
Product Total
48.66
1.00
48.66
-------------------------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XVII
STATEMENT SHOWING CONSUMABLES,STORES,ETC
( Rupees in Lacs )
==========================================================================================
Operating
Sales Value Adjustment
Total
Expenses Total
Year
Product/Service/Item
Uom
Output
WIP Stocks
Amount
(%)
Amt.
==========================================================================================
2015-16
Grape Wine
Total Requirement

: :

Grape Wine
Total Requirement

: :

Grape Wine
Total Requirement

: :

Grape Wine
Total Requirement

: :

Grape Wine
Total Requirement

: :

Grape Wine
Total Requirement

: :

Btl

672.00

672.00

2.00

13.44
13.44

Btl

672.00

672.00

2.00

13.44
13.44

Btl

720.00

720.00

2.00

14.40
14.40

Btl

720.00

720.00

2.00

14.40
14.40

Btl

768.00

768.00

2.00

15.36
15.36

Btl

768.00

768.00

2.00

15.36
15.36

2016-17

2017-18

2018-19

2019-20

2020-21

2021-22
Grape Wine
Btl
768.00
768.00
2.00
15.36
Total Requirement
: :
15.36
-----------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XVIII
STATEMENT SHOWING Employees Expenses
( Rupees in Lacs )
================================================================================
Placement / Designation
Department/
Starting No. of
Pay/
Total
Category
Year Mth Persons Mth
Amount
================================================================================
Factory Personnel
As Applicable from Year 1
Wine Maker
Wine Master
Viticulturist
Workers
Workers
T O T A L
Welfare Expenses (@ 5.00 %)
Y e a r
T o t a l

Highly Skilled
Highly Skilled
Highly Skilled
Skilled
Unskilled

1
1
1
1
1

1
1
1
1
1

1
1
1
3
5

50000
60000
25000
7500
5000

11

6.00
7.20
3.00
2.70
3.00
21.90
1.10
23.00

T o t a l ( Factory )
11
-------------------------------------------------------------------------------Admn. Personnel
As Applicable from Year 1
Manager
Office Staff
T o t a l
Welfare Expenses (@ 5.00 %)
Y e a r
T o t a l

Manager
Staff

1
1

1
1

1
1

12500
6500

1.50
0.78
2.28
0.11
2.39

T o t a l (Admn. Personne)
2
-------------------------------------------------------------------------------Sales Personnel
As Applicable from Year 1
Marketing
T o t a l
Welfare Expenses (@ 5.00 %)
Y e a r
T o t a l

Staff

6500

1.56
1.56
0.08
1.64

T o t a l ( Sales )
2
-------------------------------------------------------------------------------G r a n d
T o t a l
15
-------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XX
STATEMENT SHOWING Power/Electricity Expenses
( Rupees in Lacs )
=============================================================================================
Operating Year
Uom HP/KVA
No.of working
Utlz.
Total
Rate Per
Particulars-M/cs Groups
Load
Days Hours
Factor
Units
Unit (Rs.) Amount
=============================================================================================
2015-16
Winery
Year Totals

2016-17
Winery
Year Totals

2017-18
Winery
Year Totals

2018-19
Winery
Year Totals

2019-20
Winery
Year Totals

2020-21
Winery
Year Totals

HP

40

150

8.00

70.00

25066
25066

5.00

1.25
1.25

HP

40

150

8.00

70.00

25066
25066

5.00

1.25
1.25

HP

40

150

8.00

75.00

26856
26856

5.00

1.34
1.34

HP

40

150

8.00

75.00

26856
26856

5.00

1.34
1.34

HP

40

150

8.00

80.00

28646
28646

5.00

1.43
1.43

HP

40

150

8.00

80.00

28646
28646

5.00

1.43
1.43

2021-22
Winery
HP
40
150
8.00
80.00
28646
5.00
1.43
Year Totals
:
28646
1.43
--------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XXII
STATEMENT SHOWING REPAIRS &
MAINTENANCE EXP.
( Rupees in Lacs )
======================================================================================
Sr
Particulars
%Age To Assets Value
Amount
======================================================================================
Buildings
-Factory Building
-Office Building

2.00
2.00

0.70
0.10

Plant and Machineries


-Imported Machineries
-Indigenious Machinerie
-Tools,Jigs & Fixtures
-Laboratory Equipments
-Electrification , etc
-Installation, Erection

3.00
3.00
3.00
5.00
5.00
3.00

0.90
3.00
0.09
0.25
0.20
0.09

-Motor Vehicles
-Computers, Printers, e
-Furniture & Fixtures

5.00
5.00

0.05
0.20

TOTAL
5.58
-------------------------------------------------------------------------------------======================================================================================
Operating Year
Specific Expenses %age-Assets Value
Misc.
%age
%age
Given
Total
increase
Amt.
increase
Amt.
Expenses Amount
======================================================================================
2015-16
5.58
5.58
2016-17
5.00
5.00
5.86
5.86
2017-18
5.00
5.00
6.15
6.15
2018-19
5.00
5.00
6.46
6.46
2019-20
5.00
5.00
6.78
6.78
2020-21
5.00
5.00
7.12
7.12
2021-22
5.00
5.00
7.48
7.48
-------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XXIII
STATEMENT SHOWING
OTHER MFG. EXPENSES
( Rupees in Lacs )
=======================================================
Particulars
Amount
=======================================================
Insurance Charges

1.00

Rates and Taxes

2.00

T o t a l
3.00
-------------------------------------------------------

=======================================================================
Operating Year
Specific Expenses
%age
Misc.
Total
=======================================================================
2015-16
3.00
3.00
2016-17
5.00
3.15
3.15
2017-18
5.00
3.31
3.31
2018-19
5.00
3.47
3.47
2019-20
5.00
3.65
3.65
2020-21
5.00
3.83
3.83
2021-22
5.00
4.02
4.02
----------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XXIV
STATEMENT SHOWING
ADMINISTRATION EXPENSES
( Rupees in Lacs )
=======================================================
Particulars
Amount
=======================================================
Mgm.Remuneration

6.00

Telephone Exp.

1.00

Telex/Telegraph Exp.

0.50

Postage Exp.

1.00

Stationery Exp.

0.50

Travelling Exp.

2.00

Conveyance Exp.

2.00

Legal Exp.

1.00

Professional Exp.

3.00

Bank Chages/Comm.

0.25

General Office Exp.

1.80

T o t a l
19.05
-------------------------------------------------------

=======================================================================
Operating Year
Specific Expenses
%age
Misc.
Total
=======================================================================
2015-16
19.05
19.05
2016-17
5.00
20.00
20.00
2017-18
5.00
21.00
21.00
2018-19
5.00
22.05
22.05
2019-20
5.00
23.16
23.16
2020-21
5.00
24.31
24.31
2021-22
5.00
25.53
25.53
----------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XXV
STATEMENT SHOWING PRODUCT SPECIFIC SALES COMMISSION AND EXPENSES
( Rupees in Lacs )
===========================================================================================================
Operating Year
--------- D o m e s t i c ------------------ E x p o r t s ---------- Total
Product Description
Sales
Commission
Expenses
Sales
Commission
Expenses
Amt.
Value
%Age
Amt. %Age
Amt.
Value %Age
Amt. %Age
Amt.
===========================================================================================================
2015-16
Grape Wine
Year Totals

: :

2016-17
Grape Wine
Year Totals

: :

2017-18
Grape Wine
Year Totals

: :

2018-19
Grape Wine
Year Totals

: :

2019-20
Grape Wine
Year Totals

: :

2020-21
Grape Wine
Year Totals

: :

504.00 25.00

126.00 15.00
126.00

75.60
75.60

252.00 40.00

100.80 15.00
100.80

37.80
37.80

340.20
340.20

504.00 25.00

126.00 15.00
126.00

75.60
75.60

252.00 40.00

100.80 15.00
100.80

37.80
37.80

340.20
340.20

540.00 25.00

135.00 15.00
135.00

81.00
81.00

270.00 40.00

108.00 15.00
108.00

40.50
40.50

364.50
364.50

540.00 25.00

135.00 15.00
135.00

81.00
81.00

270.00 40.00

108.00 15.00
108.00

40.50
40.50

364.50
364.50

576.00 25.00

144.00 15.00
144.00

86.40
86.40

288.00 40.00

115.20 15.00
115.20

43.20
43.20

388.80
388.80

576.00 25.00

144.00 15.00
144.00

86.40
86.40

288.00 40.00

115.20 15.00
115.20

43.20
43.20

388.80
388.80

2021-22
Grape Wine
576.00 25.00
144.00 15.00
86.40 288.00 40.00
115.20 15.00
43.20 388.80
Year Totals
: :
144.00
86.40
115.20
43.20 388.80
----------------------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XXVI
STATEMENT SHOWING DEPRECIATION CHARGES
( Rupees in Lacs )
===========================================================================================
<-----------------------Assets Value after Depreciation------------------------>
<---------------------------- Depreciation Amount ----------------------------->
Operating <------ Type A ------> < Type B > < Type C > <------ Type D ------->
Total
Year
1
2
3
4
===========================================================================================
2015-16

2016-17

2017-18

2018-19

2019-20

2020-21

35.00
3.50

5.00
0.50

145.00
21.75

1.00
0.40

4.00
0.40

26.55

31.50
3.15

4.50
0.45

123.25
18.49

0.60
0.24

3.60
0.36

22.69

28.35
2.84

4.05
0.41

104.76
15.71

0.36
0.14

3.24
0.32

19.42

25.52
2.55

3.65
0.36

89.05
13.36

0.22
0.09

2.92
0.29

16.65

22.96
2.30

3.28
0.33

75.69
11.35

0.13
0.05

2.62
0.26

14.29

20.67
2.07

2.95
0.30

64.34
9.65

0.08
0.03

2.36
0.24

12.28

2021-22

18.60
2.66
54.69
0.05
2.13
1.86
0.27
8.20
0.02
0.21
10.56
------------------------------------------------------------------------------------------Particulars
Method Dep.Rate
Part Consideration, if any
Yr.1
Yr.2
Yr.3
Yr.4
Yr.5
Yr.6
(
Months
)
Type A :: Buildings
Factory Building
WDV @ 10.00%
Office Building
WDV @ 10.00%
Type C
Motor Vehicles
WDV @ 15.00%
Type D :: Misc. Fixed Assets
Computers, Printers, etc
WDV @ 40.00%
Furniture & Fixtures
WDV @ 10.00%
Type B :: Plant and Machineries
( All calculation are given on a separate sheet )
Contingencies, Pre-operative Expenses and Capital WIP are capitalised as under
Description
P & P Expenses
Contingencies
Capital WIP
Factory Building
0.00
0.00
0.00
Office Building
0.00
0.00
0.00
Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XXVI-B
STATEMENT SHOWING DEPRECIATION FOR PLANT AND MACHINERIES
( Rupees in Lacs )
===========================================================================================
<-----------------------Assets Value after Depreciation------------------------>
<---------------------------- Depreciation Amount ----------------------------->
Operating <----------------------------- Specified Head No. ----------------------------->
Year
1
2
3
4
5
6
Total
===========================================================================================
2015-16

2016-17

2017-18

2018-19

2019-20

2020-21

30.00
4.50

100.00
15.00

3.00
0.45

5.00
0.75

4.00
0.60

3.00
0.45

21.75

25.50
3.83

85.00
12.75

2.55
0.38

4.25
0.64

3.40
0.51

2.55
0.38

18.49

21.68
3.25

72.25
10.84

2.17
0.33

3.61
0.54

2.89
0.43

2.17
0.33

15.71

18.42
2.76

61.41
9.21

1.84
0.28

3.07
0.46

2.46
0.37

1.84
0.28

13.36

15.66
2.35

52.20
7.83

1.57
0.23

2.61
0.39

2.09
0.31

1.57
0.23

11.35

13.31
2.00

44.37
6.66

1.33
0.20

2.22
0.33

1.77
0.27

1.33
0.20

9.65

2021-22

11.31
37.71
1.13
1.89
1.51
1.13
1.70
5.66
0.17
0.28
0.23
0.17
8.20
------------------------------------------------------------------------------------------Particulars
Method Dep.Rate
Part Consideration, if any
Yr.1
Yr.2
Yr.3
Yr.4
Yr.5
Yr.6
(
Months
)
Imported Machineries
WDV @ 15.00%
Indigenious Machineries
WDV @ 15.00%
Tools,Jigs & Fixtures
WDV @ 15.00%
Laboratory Equipments
WDV @ 15.00%
Electrification , etc
WDV @ 15.00%
Installation, Erection, etc
WDV @ 15.00%
Contingencies, Pre-operative Expenses and Capital WIP are capitalised as under
Description
P & P Expenses
Contingencies
Capital WIP
Imported Machineries
0.00
0.00
0.00
Indigenious Machineries
0.00
0.00
0.00
Tools,Jigs & Fixtures
0.00
0.00
0.00
Laboratory Equipments
0.00
0.00
0.00
Electrification , etc
0.00
0.00
0.00
Installation, Erection, etc
0.00
0.00
0.00

Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XXVII
STATEMENT SHOWING DEPRECIATION CHARGES (WDV)
( Rupees in Lacs )
===========================================================================================
<-----------------------Assets Value after Depreciation------------------------>
<---------------------------- Depreciation Amount ----------------------------->
Operating <------ Type A ------> < Type B > < Type C > <------ Type D ------->
Total
Year
1
2
3
4
===========================================================================================
2015-16

2016-17

2017-18

2018-19

2019-20

2020-21

35.00
3.50

5.00
0.50

145.00
22.75

1.00
0.30

4.00
0.40

27.45

31.50
3.15

4.50
0.45

122.25
19.11

0.70
0.21

3.60
0.36

23.28

28.35
2.84

4.05
0.41

103.14
16.07

0.49
0.15

3.24
0.32

19.78

25.52
2.55

3.65
0.36

87.07
13.53

0.34
0.10

2.92
0.29

16.84

22.96
2.30

3.28
0.33

73.54
11.39

0.24
0.07

2.62
0.26

14.35

20.67
2.07

2.95
0.30

62.15
9.60

0.17
0.05

2.36
0.24

12.25

2021-22

18.60
2.66
52.54
0.12
2.13
1.86
0.27
8.10
0.04
0.21
10.47
------------------------------------------------------------------------------------------Depreciation hereinabove is calculated as per WDV at rates prescribed under I.T.Act
Particulars
Dep. Rate
Part Consideration, if any
Yr.1
Yr.2
Yr.3
Yr.4
Yr.5
Yr.6
(
Months
)
Type A :: Buildings
Factory Building
@ 10.00%
Office Building
@ 10.00%
Type C
Motor Vehicles
@ 25.00%
Type D :: Misc. Fixed Assets
Computers, Printers, etc
@ 30.00%
Furniture & Fixtures
@ 10.00%
Type B :: Plant and Machineries
( All calculation are given on a separate sheet )
Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XXVII-B
STATEMENT SHOWING DEPRECIATION (WDV) FOR PLANT AND MACHINERIES
( Rupees in Lacs )
===========================================================================================
<-----------------------Assets Value after Depreciation------------------------>
<---------------------------- Depreciation Amount ----------------------------->
Operating <----------------------------- Specified Head No. ----------------------------->
Year
1
2
3
4
5
6
Total
===========================================================================================
2015-16

2016-17

2017-18

2018-19

2019-20

2020-21

30.00
4.50

100.00
15.00

3.00
0.60

5.00
1.25

4.00
0.80

3.00
0.60

22.75

25.50
3.83

85.00
12.75

2.40
0.48

3.75
0.94

3.20
0.64

2.40
0.48

19.11

21.68
3.25

72.25
10.84

1.92
0.38

2.81
0.70

2.56
0.51

1.92
0.38

16.07

18.42
2.76

61.41
9.21

1.54
0.31

2.11
0.53

2.05
0.41

1.54
0.31

13.53

15.66
2.35

52.20
7.83

1.23
0.25

1.58
0.40

1.64
0.33

1.23
0.25

11.39

13.31
2.00

44.37
6.66

0.98
0.20

1.19
0.30

1.31
0.26

0.98
0.20

9.60

2021-22

11.31
37.71
0.79
0.89
1.05
0.79
1.70
5.66
0.16
0.22
0.21
0.16
8.10
----------------------------------------------------------------------------------------------------------------------------Depreciation hereinabove is calculated as per WDV at rates prescribed under I.T.Act
Particulars
Dep.Rate
Part Consideration, if any
Yr.1
Yr.2
Yr.3
Yr.4
Yr.5
Yr.6
(
Months
)
Imported Machineries
@ 15.00%
Indigenious Machineries
@ 15.00%
Tools,Jigs & Fixtures
@ 20.00%
Laboratory Equipments
@ 25.00%
Electrification , etc
@ 20.00%
Installation, Erection, etc
@ 20.00%

Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XXVIII
STATEMENT SHOWING INTEREST CHARGES
LONG/MEDIUM TERM BORROWINGS
( Rupees in Lacs )
==================================================================
A Name of Institution-Bank :: Term Loan @ 12 %
B Term Borrowing Amount
:: 156.00
C Repayment Term (Years)
::
5.00
D Repayment Instalments
:: 20.00
E Repayment Commencement
:: Year - 1 3rd Qtr.
F Rate of Interest(General) :: 12.00 % Per Annum
F Rate of Interest(Initial) ::
0.00 % Per Annum
G Apply Gen. Int. Rate from Year ::
1 Quarter :: 1
H Interest Calculation ::
Quarterly
==================================================================
Operating
Period
Repayment
Amount
Interest
Year
Ended
Amount
Outstanding
Amount
==================================================================
2015-16
1
156.00
4.68
2
156.00
4.68
3
7.80
148.20
4.68
4
7.80
140.40
4.45
TOTAL :
15.60
18.49
2016-17
1
7.80
132.60
4.21
2
7.80
124.80
3.98
3
7.80
117.00
3.74
4
7.80
109.20
3.51
TOTAL :
31.20
15.44
2017-18
1
7.80
101.40
3.28
2
7.80
93.60
3.04
3
7.80
85.80
2.81
4
7.80
78.00
2.57
TOTAL :
31.20
11.70
2018-19
1
7.80
70.20
2.34
2
7.80
62.40
2.11
3
7.80
54.60
1.87
4
7.80
46.80
1.64
TOTAL :
31.20
7.96
2019-20
1
7.80
39.00
1.40
2
7.80
31.20
1.17
3
7.80
23.40
0.94
4
7.80
15.60
0.70
TOTAL :
31.20
4.21
2020-21
1
7.80
7.80
0.47
2
7.80
0.23
TOTAL :
15.60
0.70
-----------------------------------------------------------------Note : Repayment is considered as being made at the end of the period
Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XXXI
STATEMENT SHOWING INTEREST CHARGES
UNSECURED LOANS/DEPOSITS
( Rupees in Lacs )
==================================================================
A Name of Institution-Bank :: Margin for W-Cap
B Deposit/Borrowing Amt.
::
20.53
C Repayment Term (Years)
::
0.00
D Repayment Instalments
::
0.00
E Repayment Commencement
:: Year - 0
F Rate of Interest(General) ::
0.00 % Per Annum
F Rate of Interest(Initial) ::
0.00 % Per Annum
G Apply Gen. Int. Rate from Year ::
1 Quarter :: 1
H Interest Calculation ::
Quarterly
==================================================================
Operating
Period
Repayment
Amount
Interest
Year
Ended
Amount
Outstanding
Amount
==================================================================
2015-16
1
20.53
2
20.53
3
20.53
4
20.53
TOTAL :
2016-17
1
20.53
2
20.53
3
20.53
4
20.53
TOTAL :
2017-18
1
20.53
2
20.53
3
20.53
4
20.53
TOTAL :
2018-19
1
20.53
2
20.53
3
20.53
4
20.53
TOTAL :
2019-20
1
20.53
2
20.53
3
20.53
4
20.53
TOTAL :
2020-21
1
20.53
2
20.53
3
20.53
4
20.53
TOTAL :
2021-22
1
20.53
2
20.53
3
20.53
4
20.53
TOTAL :
2022-23
1
20.53
2
20.53
3
20.53
4
20.53
TOTAL :
-----------------------------------------------------------------Note : Repayment is considered as being made at the end of the period
Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XXXII
STATEMENT SHOWING TAX ON PROFIT
===============================================================================================
Particulars
Operating Years
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
===============================================================================================
Net Profit Before Taxes
53.23
56.87
71.93
75.36
89.28
91.41
90.29
Adjustments to NPBT
Add : Depreciation as provided
26.55
22.69
19.42
16.65
14.29
12.28
10.56
Less : Depreciation as per IT
27.45
23.28
19.78
16.84
14.35
12.25
10.47
Recomputed NPBT
Adjustments to Recomputed NPBT
Less : Set-off of Losses
Less : Deduction u/s 80HHC
Less : Deduction u/s 80IA
Less : Other Deductions

52.33

56.28

71.57

75.17

89.22

91.44

90.38

Taxable Profits
52.33
56.28
71.57
75.17
89.22
91.44
90.38
Income Tax on Profits
15.18
16.40
21.13
22.24
26.58
27.27
26.94
----------------------------------------------------------------------------------------------Income Tax on Profits
15.18
16.40
21.13
22.24
26.58
27.27
26.94
Provision for Deferred Tax
Provision for FBT
Total Tax Expense
15.18
16.40
21.13
22.24
26.58
27.27
26.94
----------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536

Mrunal Wine Industries


ANNEXURE XXXIII
--------------------------------------------------------------------------------------NOTES/ASSUMPTIONS relating to Profitability Workings
--------------------------------------------------------------------------------------1

Quantitative details of production, sales and stocks are being given for each of
the productwise and yearwise in Annexure X, attached herewith. It also details
productwise installed capacity, achievable capacity, & yearwise its utilisation.

Sales value - Domestic and Exports as arrived at yearwise, are given for each
of the product in Annexure XI with related sales quantity, rate and amount.

Raw Material Cost is arrived at yearwise, considering the specified given


amount for each of the productwise, as arrived in Annexure XIV-B.
Annexure XIV reports how productwise amount is arrived, considering detailed
Raw Material Cost listing, for each of the productwise.

Other Material Cost is arrived at, considering


material cost.

Packing Material Cost is arrived at yearwise, considering the specified given


amount for each of the productwise, as arrived in Annexure XVI-B.
Annexure XVI reports how productwise amount is arrived, considering detailed
Packing Material Cost listing, for each of the productwise.

Consumables,Stores,etc is arrived at, considering


of output.

Employees Expenses is arrived at, for each employee categorywise as


detailed in Annexure XVIII.

Power/Electricity Expenses is arrived at, for each power typewise as detailed


in Annexure XX.

Repairs & Maintenance Exp. is arrived at yearwise, detailing expenses each


headwise as given in Annexure XXII.

5.00 % to main input/

2.00 % to sales value

10

Other Mfg. Expenses is arrived at yearwise, detailing expenses each


headwise as given in Annexure XXIII.

11

Administration Expenses is arrived at yearwise, detailing expenses each


headwise as given in Annexure XXIV.

12

Selling Expenses considers sales commission and expenses for each of the
productwise, as detailed in Annexure XXV.

13

Depreciation charges for the profitability purposes, are worked out in detail in
Annexure XXVI and Annexure XXVI-B alongwith all related notes as to the method
and rate applied,part consideraion of depreciation and capitalisation of assets.
Similarly, depreciation charges for IT purposes,are worked out as per WDV method
in detail in Annexure XXVII and Annexure XXVII-B stating related notes therein.

14

P & P expenses, after capitalisation, are being written off @ 10.00 %.

15

Technical Know-how Fees , after capitalisation, are being written off @ 10.00 %.

16

Annexure XXVIII shows detailed calculation of interest and re-payment, considering


relative moratorium & other terms as given for all Long/Medium Term Borrowings.

17

Detailed calculation of interest and re-payment, considering relative moratorium


& other terms as given for all Unsecured Loans/Deposits are shown in Annexure XXXI.

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

Mrunal Wine Industries


ANNEXURE XXXIII
--------------------------------------------------------------------------------------NOTES/ASSUMPTIONS relating to Profitability Workings
---------------------------------------------------------------------------------------

18

Detailed calculation of the taxes on profit are given in Annexure XXXII.

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

Mrunal Wine Industries


ANNEXURE XXXIV
--------------------------------------------------------------------------------------------NOTES relating to Assessement of Working Capital
--------------------------------------------------------------------------------------------1 M a r g
M a r g
Current
Current

i n
M o n e y
i n
M o n e y
Assets (CA)
Liabities (CL)

(
=
=
=

at commencement ), as transferred to Cost of Project :


Current Assets - Current Liabilities - Bank Finance Requested
Total CA - Cash and Bank Balances at year end - Misc.CA II,if any
Total CL - Instalment due within Next 12 mths
- Provisions for Tax/Dividend - Misc.CL II,if any

2 Instalment due within Next 12 Months are considered to the extent of


0.00 % for calculation of M P B F as per Method I & II.
- 100.00 % for calculation of Current Ratio
3 Margin money(at year end-incl.cash & bank balance)as per Method I & II is arrived as under:
M a r g i n
M o n e y=Total Current Assets-Total Current Liabilities-Bank Finance Request
4 MPBF and Margin as per Method I :
Margin=25 % of(Total CA-Export Receivables-Total CL-Instal.of Next 12 Mths+Instal.as per 2)
MPBF =Total CA-Total CL-Instal.of Next 12 Mths+Instalments as per 2-Margin as per Method I
5 MPBF and Margin as per Method II :
Margin=25% of(Total CA-Export Receivables-Instalments of Next 12 Mths+Instalments as per 2)
MPBF =Total CA-Total CL-Instal.of Next 12 Mth+Instal.as per NOTE 2-Margin as per Method II
6 Current Ratio : Total CA / (Total CL-Instalments of Next 12 Mths+Instalments as per NOTE 2)
7 Drawing Power (DP) : DP on respective CA is calculated, as under
DP = (Respective Current Assets - Respective Current Liabilities ) X DP Percentage / 100 )
8 Export Packing Credit:In case EPC is opted,various stocks under CA,will be arrived as under
Stocks on Hand =(Stocks calculated as usual)/(Total Net Sales Value)X(Domestic Sales Value)
9 Interest on Wkg.Capital is arrived,applying int.rate on permissible limit,as per DP method
: Interest
----- Availment Percentages ----: (%pa)
1st Year
2nd Year
3rd Yr. & Onwards
Raw Material Cost
-Indigenous
: 11.00
100.00 % 100.00 %
100.00 %
Sales Realisation
-Book Debts
: 11.00
100.00 % 100.00 %
100.00 %
Hypothecation/Pledge Facility ..........: 11.00
100.00 % 100.00 %
100.00 %
--------------------------------------------------------------------------------------------Prepared by ::: CA Shreyans Tejpal Shah, Sangli : (0233) 2622536