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Spinning Project Feasibility
Spinning Project Feasibility
INVENTORIES
Raw Materials 15% 85,532,898 97,751,884 109,970,869 116,080,362
Finished Goods 2,708,272 36,933,417 42,104,363 47,275,309
Stores & Spares 1,000,000 10,000,000 10,500,000 11,025,000
89,241,170 144,685,301 162,575,232 174,380,670
6,971,794
Year-4
773,869,079
14,960,573
18,186,792
62,314,344
101,618,946
2,489,744
1,654,216
6,610,934
775,080
14,735,925
997,215,632
35,151,900
47,275,309
1,044,490,940
49,860,782
994,630,159
Year-4
24,734,564
11,661,564
11,449,368
47,845,497
121,884,380
49,860,782
11,576,250
183,321,411
55,510,709
39,441,483
Year-4
1,110,214,175
994,630,159
115,584,016
47,845,497
67,738,519
6,200,000
61,538,519
31,159,913
30,378,607
10,632,512
19,746,095
19,746,095
1.47
PROJECTED BALANCE SHEETS (Rs. In 000)
End of
A S S E T S ConstructionYear-1 Year-2 Year-3 Year-4
Current Assets
Cash 1,000,000 5,373,445 8,060,168 12,090,251 18,135,377
Accts Recv 2,782,859 39,106,489 46,576,268 52,434,918 55,510,709
Inventory 89,241,170 ### ### ### ###
Other C A 500,000 750,000 1,125,000 1,687,500 2,531,250
Total Current Assets 93,524,029 ### ### ### ###
Fixed Assets
Total Fixed Assets ### ### ### ### ###
Less: Accm. Deprcn 14,735,925 29,471,850 44,207,775 58,943,700
Net Fixed Assets ### ### ### ### ###
Preliminary Expenses31,000,000 24,800,000 19,840,000 15,872,000 12,697,600
TOTAL ASSETS ### ### ### ### ###
LIABILITIES AND EQUITY
ConstructionYear-1 Year-2 Year-3 Year-4
Current Liabilities
Accounts Payable 2,075,868 29,062,145 33,213,880 37,365,615 39,441,483
Accruals 500,000 10,000,000 20,000,000 30,000,000 60,000,000
S Term Bank Loans 90,000,000 ### ### ### ###
Curr Mat. Of L T Debt12,425,000 12,425,000 12,425,000 12,425,000 12,425,000
Total Current Liabilities ### ### ### ### ###
Long Term Debt 98,575,000 86,150,000 73,725,000 61,300,000 48,875,000
Equity
Paid-up Capital ### ### ### ### ###
Retained Earnings 3,156,102 8,578,997 15,517,148 19,746,095
Total Equity ### ### ### ### ###
Total Debt & Equity ### ### ### ### ###
Surplus/(Defecit) 948,162 4,186,063 6,761,940 1,649,802 ###
Book Value/Share 10.00 10.24 10.64 11.16 11.47
Out-put
No. of Actual Per one
Spindles Output Kg Spindle Kg
Babri Cotton Mills Ltd 53,040 3,774,673 71.17
Colony Thal Textile 21,132 5,730,837 271.19
Colony Mills Ltd 177,204 ### 311.09
Gadoon Textile 190,744 ### 213.97
Maqbool -1 18,336 4,816,825 262.70
Maqbool -2 27,864 3,730,163 133.87
Shahzad Textile ###
Fazal Textile 59,150 ### 375.46
Ishtiaq 17,280 3,123,669 180.77
Reliance Cotton Spinning 26,965 9,402,150 348.68
(COMPARISON OF MANUFACTURING COST AND ADMIN & SELLING EXPENSES )
(RELIANCE COTTON ) (ISHTIAQ TEXTILE ) (FAZAL TEXTILE MILLS )
(SPINNING MILLS LIMITED(MILLS
) LIMITED )
(Output in Kgs
(Rate
) ) (Output in Kgs
(Rate
) ) (Output in Kgs )
9,402,150 (Rs./Kg. ) 3,123,669 (Rs./Kg. ) 22,208,368
(R. M. Consumed ) 948,811,312 100.9 ### 138.6 ###
(Packing Material ) 22,408,983 2.4 2,713,402 0.9 154,309,000
(Stores & Spares ) 35,592,755 3.8 4,321,285 1.4 3,935,000
(Salaries & Wages )108,367,459 11.5 36,690,940 11.7 216,102,000
(Fuel & Power ) 114,589,865 12.2 58,072,037 18.6 324,485,000
(Insurance ) 7,562,107 0.8 1,373,449 0.4 2,914,000
(Repair &Maint ) 10,032,445 1.1 335,200 0.1 13,259,000
(Doubling Charges ) 9,457,234 1.0 1,821,823 0.6 123,345,000
(Misc OH ) 6,990,258 0.7 250,000 0.1 2,826,000
(Depreciation ) 45,990,105 4.9 17,545,145 5.6 61,344,000
### 139.3 ### 178.1 ###
(Output in Kgs(Rate
) ) (Output in Kgs(Rate
) ) (Output in Kgs(Rate
) )
8,546,988 (Rs./Kg. ) 32,663,699 (Rs./Kg. ) 59,435,325 (Rs./Kg. )
1,369,255,311 160.2 2,132,366,577 65.3 6,648,142,000 111.9
27,431,101 3.2 52,950,873 1.6 -
20,784,765 2.4 59,636,657 1.8 210,018,000 3.5
125,124,130 14.6 217,462,349 6.7 508,046,000 8.5
258,939,859 30.3 272,471,948 8.3 775,506,000 13.0
4,855,375 0.6 8,695,344 0.3 33,777,000 0.6
2,266,699 0.3 5,243,122 0.2 7,250,000 0.1
- - 73,092,000 1.2
40,485 0.0 1,860,044 0.1 5,690,000 0.1
57,252,762 6.7 54,768,915 1.7 339,583,000 5.7
1,865,950,487 218.3 2,805,455,829 85.9 8,601,104,000 144.7
784,000,931 4.22
369,631,613 1.99
362,905,738 1.95
1,516,538,282 8.2
LOAN-1: PICIC (Fcy Loan) LOAN-2:
Amount of Loan: ### Amount of Loan:
Rate of Interest: 14.75% Rate of Interest:
Number of Installments: 9 Number of Installments:
Amount of Annual Installment: 5,000,000 Amount of Annual Installm
Current Loan Balance
Year Maturity under Payment Payment Year
Ending Amount in Current Long of Install. of Interest Ending
December Outstanding Liability Term Debt of Principal on loan December
Year-0 ### 5,000,000 ### 0 3,318,750 Year-0
Year-1 ### 5,000,000 ### 5,000,000 6,637,500 Year-1
Year-2 ### 5,000,000 ### 5,000,000 5,900,000 Year-2
Year-3 ### 5,000,000 ### 5,000,000 5,162,500 Year-3
Year-4 ### 5,000,000 ### 5,000,000 4,425,000 Year-4
Year-5 ### 5,000,000 ### 5,000,000 3,687,500 Year-5
Year-6 ### 5,000,000 ### 5,000,000 2,950,000 Year-6
Year-7 ### 5,000,000 5,000,000 5,000,000 2,212,500 Year-7
Year-8 5,000,000 5,000,000 0 5,000,000 1,475,000 Year-8
Year-9 0 0 5,000,000 737,500 Year-9
Year-10
###
IDBP (Lcy Loan) LOAN-3: Orix Leasing
mount of Loan: ### Amount of Loan:
ate of Interest: 14.25% Rate of Interest:
umber of Installments: 8 Number of Installments:
mount of Annual Installment: 625,000 Amount of Annual Installment:
Current Loan Balance Current
Maturity under Payment Payment Year Maturity
Amount in Current Long of Install.of Interest Ending Amount in Current
OutstandingLiability Term Debtof Principal on loan December Outstanding Liability
5,000,000 625,000 ### 0 Year-0 7,000,000 1,400,000
4,375,000 625,000 ### 625,000 712,500 Year-1 5,600,000 1,400,000
3,750,000 625,000 ### 625,000 623,438 Year-2 4,200,000 1,400,000
3,125,000 625,000 ### 625,000 534,375 Year-3 2,800,000 1,400,000
2,500,000 625,000 ### 625,000 445,313 Year-4 1,400,000 1,400,000
1,875,000 625,000 ### 625,000 356,250 Year-5 0 1,400,000
1,250,000 625,000 625,000 625,000 267,188 Year-6
625,000 625,000 0 625,000 178,125 Year-7
625,000 625,000 89,063 Year-8
Year-9
5,000,000
LOAN-4: UBL (Misc Cap Expnd)
### Amount of Loan: ###
15.00% Rate of Interest: 14.20%
5 Number of Installments: 10
### Amount of Annual Installment: 5,400,000
Loan Balance Current Loan Balance
under Payment Payment Year Maturity under Payment
Long of Install. of Interest Ending Amount in Current Long of Install.
Term Debtof Principal on loan DecemberOutstanding Liability Term Debt of Principal
### 0 Year-0 54,000,000 5,400,000 ### 0
### ### 1,050,000 Year-1 48,600,000 5,400,000 ### 5,400,000
### ### 840,000 Year-2 43,200,000 5,400,000 ### 5,400,000
### ### 630,000 Year-3 37,800,000 5,400,000 ### 5,400,000
0 ### 420,000 Year-4 32,400,000 5,400,000 ### 5,400,000
### 210,000 Year-5 27,000,000 5,400,000 ### 5,400,000
0 0 Year-6 21,600,000 5,400,000 ### 5,400,000
0 0 0 Year-7 16,200,000 5,400,000 ### 5,400,000
0 0 0 Year-8 10,800,000 5,400,000 5,400,000 5,400,000
0 0 0 Year-9 5,400,000 5,400,000 0 5,400,000
### Year-10 5,400,000 5,400,000
54,000,000
Int rate on Wrk Cap Loan
Payment Total
of Interest Interest
Wrk Cap Expense
### ###
### ###
### ###
### ###
###
###
###
###
###
766,800