.

DETAILED

PROJECT REPORT

OF

BAMBOO EDGE GLUE BOARD UNIT

FOR

GOLOSO BAMBOO INDUSTRY

At Village Goloso
Post Office/ Police Station Seijusa,
East Kameng District, 790103
ARUNACHAL PRADESH

Prepared by
Oriental Consultants,
7, NIT Commercial Complex,
North Ambazari Road
Nagpur 440033
Maharashtra
 INDEX

Chapter Title Page No.

I Introduction 1
II Promoter 2
III Project at a Glance 3
IV Location of the Unit 4
V Raw Material and Consumables 6
VI Manufacturing Process and Waste Utilization 10
VII Technical Know How 11
VIII Marketing and Selling Arrangements 12
IX Expansion plan 13
X Project Implementation Schedule 14
FINANCIAL
XI Cost of the Project 15
XII Means of Finance 15
XIII Plant & Machinery Details 16
XIV Miscellaneous Fixed Assets Details 17
XV Projected Profitability Statement – 18
XVI Projected Balance Sheets 21
 INDEX

Page
Chapter Title
No.

ANNEXURES

Annexure-I Quantitative Statement of Projections 24

Annexure-II Statement showing Income Generation 26

Annexure-III Statement showing Cost of Raw Materials 29

& Consumables

Annexure-IV Statement showing Depreciation Charges 32

Annexure-V Statement showing Labour Costs and Staff 33

Salaries

Annexure-VI Statement showing Factory Overheads and 35

Administrative Expenses

Annexure-VII Schedule of Repayment of Loan 37

Annexure-VIII Assessment of Working Capital 40

Requirements

Annexure- IX Assumption 41

EXHIBITS

Exhibit-I Computation of Break even Level 44

Exhibit-II Calculation of Internal Rate of Return 45

Exhibit-III Pay Back period 46

Exhibit-IV Fund Flow Statement 47

Exhibit-V Calculation of Ratio 48

 I. INTRODUCTION

Goloso Bamboo Industry was formed on 20th October 2015 for setting
up an Edge Glue Bamboo Board Products Industry. The firm is owned by its
Sole Proprietor Mr. Bima Dolo.

Bamboo is a grass and is the fastest growing plant on the earth. It is a

renewable resource which can be utilized as a 100% substitute for wood. All
over the world, there is a growing concern for deforestation and the ill-effects
on the environment there from. The Bamboo has been accepted world-wide as
an eco-friendly material. India is a timber deficit country and it is most
appropriate to set up Bamboo Processing Units for substitution of wood
applications thereby generating eco-friendly jobs for the rural poor and in the
process also contributing to the preservation of the existing forest cover.

Bamboo Technology is relatively new in India and in order to avail

proper technical knowhow and training, Goloso Bamboo Industry has tied up
with Green Bamboo Technologies of Hongkong.

It is proposed to set up an Edge Glue Bamboo Board Products Unit such

as bowls and chopping boards of various sizes at Village Goloso, Post Office/
Police Station Seijusa, East Kameng District, Arunachal Pradesh. The installed
capacity of the Unit shall be 2.5 M3 edge glue bamboo board per shift of 8
hours and the Unit shall run in one shift for 300 days in a year.

It is proposed to approach IKEA Company of Sweden to sell the edge

glue bamboo board products such as bowls and boards on long term basis on
mutually acceptable terms.

IKEA is the largest home furnishing company of the world and at

present, it sources its bamboo products from China.

Goloso Bamboo Industry 1

 II. PROMOTER

1. Name : Mr. Bima Dolo

2. Father’s Name : Mr Kameng Dolo

3. Date of Birth : November 3, 1989

4. Occupation : Business

5. Address : Kameng Dolo’s House

Village Goloso
Post Office Seijusa
Police Station Seijusa
East Kameng District
Arunachal Pradesh
India 790103
Mobile No. : +91-8794005005

6. Educational : 1. Passed High School, CBSE Board in

Qualifications the year 2008
2. Passed Senior Secondary from
Institute of Open School Board in
the year 2009.
3. Passed Bachelor of Arts from
Kamraj University in 2012.

7. Experience : 1) Assisting mother in running

Mahindra Automobile Dealership.
2) Engaged in family owned rubber
plantation since last one year.
3) Running Sports facility in Arunachal
Pradesh – Paintball Arena

Goloso Bamboo Industry 2

 III. PROJECT AT A GLANCE

Rs. In Lakhs

(1) Total Cost of the Project including Rs. 986.32

Margin Money for Working Capital

(2) Cash Credit from State Bank of India Rs. 60.00

towards Working Capital

(3) Sales in the first year of operation Rs. 549.77

(4) Sales at B.E.P. (1st Year) Rs. 519.70

(5) Internal Rate of Return 2.5

(6) Pay Back Period 5.7299 Years

(7) Debt Equity Ratio 1: 1.337

(8) Installed Capacity 750 M3 per annum

(9) Capacity Utilization in the first year 80%

Goloso Bamboo Industry 3

 IV. LOCATION OF THE UNIT

It is proposed to set up the edge glue bamboo board unit at Village

Goloso, Police Station and Post Office Seijusa, East Kameng District,
Arunachal Pradesh, India.

Necessary permission from the Forest Department has been obtained as

the proposed bamboo unit is located less than 10 kilometers from the Pakke
Reserve Forest.

Trading License to the proposed bamboo unit has been granted by the
Additional Deputy Commissioner, Seijusa, East Kameng District, Arunachal
Pradesh on 20th October 2015, on land allotted vide Government Order number
LR/LPC/2006-07, dated 24th December 2007.

The location of the unit is well connected by road and air. The nearest
airport is Tezpur which is 64 kms from the project site. Flights are available
from Kolkata to Tezpur. Guwahati city, the largest city of North East India is
229 kms from the project site. Flights are available from Guwahati to all major
cities of India.

Inland Container Depot is located at Amingaon in Guwahati. Stuffing/

de-stuffing of containers and customs clearance for imports/ exports can be
done at Amingaon Inland Container Depot. Inland haulage to Haldia/ Kolkata
port from Inland Container Depot, Amingaon is provided by the Indian
Railways.

The nearest sea-port is Haldia/ Kolkata which is located 1335 kms from
the project site. Trucks ply regularly between Tezpur/ Guwahati and Kolkata.
Siliguri in West Bengal which is about 640 kms from the project site is a major
transshipment hub for road transport.

Goloso Bamboo Industry 4

 The Capital City of Arunachal Pradesh, Itanagar is located about
95 kms from Seijusa.

Arunachal Pradesh is a peaceful state and Seijusa town enjoys

peace and tranquility. The law and order situation is good and conducive
for industry, trade and commerce. There is abundant availability of labour
force in Seijusa town as there is no industry and agriculture is the main
source of occupation for the local people.

33KV power sub-station is located 3.5 kms away from the project
site and the mobile phone tower is located 0.5 kms away from the project
site.

Goloso Bamboo Industry 5

 V. RAW MATERIAL

Bamboo Resource
Arunachal Pradesh occupies an important position among the bamboo
bearing states of India. Bamboo forms a major constituent of the forest
vegetation of Arunachal Pradesh. Tropical, subtropical and temperate species
are found well distributed in the State.

In Arunachal Pradesh, which has about 46 bamboo species, the bamboo

flora is seen up to an elevation of 2000 m or even more.

District wise distribution of bamboo in Arunachal Pradesh

Name of the species Distribution

Arundinaria gracilis West Kameng

A. Maling West Kameng

A. racemosa West Kameng

Bambusa balcooa Tirap, Changlang, Lohit, D. valley, East Siang,

West Siang, Lower Subansiri, Papum Pare, West
Kameng, East Kameng.

B. longispiculata West Siang

B. multiplex East Siang

B. nutans Tirap, Lohit, D. valley, East Siang, West Siang,

Lower Subansiri, Papum Pare West Kameng, East
Kameng.

B. pallid Tirap, Lohit, D. valley, East Siang, West Siang,

Lower Subansiri, Papum Pare West Kameng, East
Kameng.

B. polymorpha Lower Subansiri.

B. tulda Tirap, Changlang, Lohit, D. valley, Upper Siang,

East Siang, West Siang, Lower Subansiri, Papum

Goloso Bamboo Industry 6

 Pare, West Kameng, East Kameng.

B. vulgaris Papum Pare

B. wamin Papum Pare

Chimonobambusa callosa Lohit, Dibang valley, Upper Subansiri, West

Kameng, Tawang.

Dendrocalamus giganteus Lohit, Upper Subansiri.

D. hamiltonii Tirap, Changlang, Lohit, D. valley, Upper Siang,

East Siang, West Siang, Lower Subansiri, Papum
Pare, West Kameng, East Kameng

D. hookerii Papum Pare

D. patellaris Papum Pare

D. sahnii Lower Subansiri

D. sikkimensis West Kameng

Gigantochloa albociliata Lohit, Papum Pare.

Melocanna baccifera Tirap.

Phyllostachys baccifera Lohit, Dibang valley, Lower Subansiri, Papum

Pare, West Kameng.

P. assamica Upper Subansiri

P. manii Upper Subansiri

Pleioblastus simonii Lower Subansiri

Schizostachyum West Siang

arunachalensis

S. fuchsianum Lohit, Dibang valley, West Siang

S. helferii

S. latifolium Lohit, West Kameng.

S. pallidum West Kameng

S. pergracile Lohit, Papum Pare.

Goloso Bamboo Industry 7

S. polymorphum Lohit, Papum Pare.

Sinarundinaria elegans West Kameng

S. griffithiana Tawang

S. hirsute Lohit, West Kameng, Tawang.

S. hookeriana West Kameng.

S. intermedia West Kameng, Tawang.

S. pantlingii Lohit, West Kameng.

S. suberecta Tawang.

Thamnocalamus aristatus Lohit, Tawang.

Thyrostachys oliverii Tirap, Papum Pare.

T. regia Papum Pare.

It is proposed to procure bamboo from home stead bamboo plantations

initially. Bamboo shall be sourced from adjoining Districts of Assam, namely
Sonitpur, Karbi Anglong, Darrang and Golaghat.

The following species of bamboo shall be procured for the production of

edge glue bamboo board and value added products there from.

1) Bambusa Vulgaris (botanical name) Jati Baas ( Common local name):

This bamboo is found all over Assam, length is 18 meters to 22 meters,
Base Diameter varies between 7 cms to 10cms, Internodal distance
varies between 20-40cms and wall thickness varies from 7-15mm

2) Bambusa Balcooa (botanical name), Bhaluka Baas (Common local

name), found all over Assam and most of the North eastern, length
varies between 20 meters to 25 meters, Average base diameter 15 cms
and internodes between 20 to 40 cms.

Goloso Bamboo Industry 8

 It is proposed to source bamboo initially from the local suppliers. A
detailed data shall be generated about the number of clumps, exact location/
address of the clumps and details about the owners of the bamboo clumps. This
shall be useful for getting the FSC certification. We shall seek financial and
technical support of Government authorities and IKEA in order to obtain the
FSC certification.

It is proposed to have a captive plantation of bamboo on an area of 1500

hectors at Seijusa. The plantation is proposed to be made in the monsoon
season of 2017. Goloso Bamboo Industry will start getting bamboo from its
own captive plantation from the year 2023 onwards.

The captive plantation of bamboo shall be done on the family owned

land of Mr Bima Dolo.

Urea Formaldehyde Glue, EPI Glue, Food Grade Coating Oil and
Nitro Cellular Laquer shall be procured from Vendors approved by IKEA.
The technical specifications as laid down by IKEA shall be strictly adhered to.

The Packaging material shall also be procured in consultation with

IKEA in order to maintain the right quality at the desired price.

The consumables such as cutters, blades, saws, belts, rollers e.t.c shall
be procured locally.

Goloso Bamboo Industry 9

 VI. MANUFACTURING PROCESS AND WASTE
UTILIZATION

The production of edge glue bamboo board falls in three steps.

1. Making of Bamboo Strips from Bamboo Pole :

The raw bamboo poles are first cut into sections of approximately 1.2
meters. These sections are then split into strips. The inside knots and outside
knots of the strips are removed. Thereafter the bamboo strips are carbonized in
a pressure chamber to obtain brown color. The bamboo strips are then dried in
a dryer. Thereafter the bamboo strips are 4 sides sized for rectangular shape in
order to prepare for lamination.

2. Laminating the Bamboo Strips together into Bamboo Boards.

After the bamboo strips are selected for quality, they are then glued
together and laminated under high pressure; the resultant product is bamboo
hardwood board, which is then processed similar to other hardwoods.

3. Making the finished product by molding, sanding and coating.

The final products such as bamboo bowls and bamboo chopping boards
are made by sawing, molding, milling, joining/ gluing, sanding and coating
depending on the specifications of the products.

Any Bamboo with proper dimensions and wall thickness is suitable. The
bamboo must be mature, that is aged 3 to 4 years before cutting. Bamboo
should be processed within a week after harvesting.

Considerable waste is generated in the processing of bamboo. The waste

is generated in the form of coarse dust and lumps. The bamboo waste generated
shall be utilized as boiler fuel and the remaining bamboo waste shall be sold off
locally.

Goloso Bamboo Industry 10

 VII. TECHNICAL KNOW HOW

Goloso Bamboo Industry has entered into a technical collaboration

agreement with Green Bamboo Technologies of Hongkong.

Green Bamboo Technologies shall provide the technical knowhow,

supply machinery, do the erection, installation and commissioning of the
machinery, provide training to the manpower of Goloso Bamboo Industry and
also provide a warranty against manufacturing defects for a period of one year.

Engineers and Technicians of Green Bamboo Technologies from China

shall visit India to execute the edge glue bamboo board project of Goloso
Bamboo Industries

Goloso Bamboo Industry 11

 VIII. MARKETING AND SELLING ARRANGEMENTS

It is gathered from IKEA that it is interested in procuring bamboo bowls

and chopping boards in the sizable quantities from interested vendors in India.

Marketing and selling of products has always been a major challenge for
the Industrial units located in the North East Area of India due to its remote
location. The main cities of India are located far off and it is very difficult for
small scale entrepreneurs to organize marketing network in far off locations.

So far bamboo products have not gained acceptability with the Indian
consumers as there are only a few manufacturers and there is no awareness
among the consumers about bamboo products and its advantages.

Inspite of having abundant bamboo available in North East India, there

could be very little Industrial intervention till now.

We at Goloso Bamboo Industry view the opportunity of being an IKEA

vendor as a win win situation both for IKEA and us. We propose to sell our
entire production to IKEA. This will help us to focus in manufacturing and
with the assistance of IKEA we shall be able to manufacture products of
international standard.

We are seeking a long term purchase agreement and a letter of intent

from IKEA.

Upon receiving the confirmation from IKEA we shall immediately

commence the construction work of our factory and we expect to start our
commercial production in the month December 2016.

Goloso Bamboo Industry 12

 IX. EXPANSION PLAN

It is proposed to go in for an expansion of the edge glue bamboo board

unit in the year 2018, i.e. after completing one year of production from the
initial unit.

The work for the expansion unit shall commence in January 2018 and
the production from the first expansion unit shall commence in the month of
September 2018. It is proposed to add another manufacturing capacity of 1500
cubic meters per annum in the expansion. The final products to be
manufactured shall be decided in consultation with IKEA. Provision of the land
has been made in the layout plan of the factory site for the expansion unit.

The Boiler being installed in the first phase has a capacity of generating
2000kgs of steam per hour. This Boiler is enough to produce 2500 cubic meters
of edge glue bamboo board per annum.

It is further proposed to have expansion unit in the year 2019 if the

financial results for 2016, 2017 and 2018 are satisfactory.

With the expansion of our unit, we shall be able to reduce our cost of
production and thereby we shall be able to pass on the cost benefit advantage to
our customers.

Goloso Bamboo Industry 13

 X. PROJECT IMPLEMENTATION SCHEDULE

Date of
Commencement Expected Date
Sr. No Particulars
of Completion

A Acquisition of Land October 2015 October 2015

B Development of Land January 2016 February 2016

C 1- Factory Building February 2016 July 2016

2- Machinery Foundation August 2015 August 2015

D Plant & Machinery

1- Imported March 2016 August 2016

2- Indigenous April 2016 August 2016

E Arrangement for Power July 2016 July 2016

F Arrangement for Water January 2016 January 2016

G Erection of Equipment September 2016 September 2016

H Commissioning October 2016 October 2016

I Initial Procurement of Raw October 2016 October 2016

Material

J Trial Runs October 2016 October 2016

K Commercial Production November 2016

Goloso Bamboo Industry 14

 XI. COST OF THE PROJECT

GOLOSO BAMBOO INDUSTRIES RS. LACS

LAND 20.00

SITE-DEVELOPMENT 71.08

BUILDING CONSTRUCTION 212.55

PLANT & MACHINERY 465.59

MISCELENIOUS FIXED ASSETS 128.00

PRE-LIMINARY & PRE-OPERATIVE EXP. 20.00

CONTINGENCIES 45.86

963.08

MARGIN MONEY FOR WORKING CAPITAL 23.24

986.32

XII. MEANS OF FINANCE

TOTAL MEANS OF FINANCE

PROMOTERS CONTRIBUTION (30%) 295.90

SFAC (40 % OF PROMOTERS CONTRIBUTION) 118.36

E.P.F GRANT (UPFRONT) (30 %) 295.90

TERM LOAN FROM BANK (28 %) 276.17

TOTAL 986.32

Goloso Bamboo Industry 15

 XIII PLANT & MACHINERY DETAILS

GOLOSO BAMBOO INDUSTRIES

Amount in
Descriptions Quan
Unit Price Amount Rs.
N/M tities
(@68
SR BAMBOO BOARD COATING
PCS
NO LINE MACHINE
1 Bamboo Cross Cutting Machine 1 $513.00 $513.00 34884.00

2 Spliting Bamboo Machine 2 $3,657.60 $7,315.20 497433.60

Headdeskstop Bamboo Rough Miling
3 3 $10,229.40 $30,688.20 2086797.60
Machine
4 Bamboo precision miling Machine 4 $10,229.40 $40,917.60 2782396.80
5 Gumming Machine 1 $2,800.80 $2,800.80 190454.40
Multi -Layer press with Verticle press $104,220.0
6 1 $104,220.00 7086960.00
function 0
7 Horizontal band saw 1 $41,418.00 $41,418.00 2816424.00
Single-Layer press with Verticle press
8 1 $64,260.00 $64,260.00 4369680.00
function
Heavy duty thickness fixed sanding
9 1 $27,414.00 $27,414.00 1864152.00
machine
Precise thickness fixed sanding
10 1 $14,022.00 $14,022.00 953496.00
machine
11 Sliding Table Saw 1 $5,427.00 $5,427.00 369036.00
12 Verticle Miling Machine 1 $2,601.00 $2,601.00 176868.00
Pneumatic Engraving and miling
13 1 $4,284.00 $4,284.00 291312.00
Machine
14 Laser Engraving Machine 1 $14,598.00 $14,598.00 992664.00
15 Plastic Shrinkage machine 1 $5,427.00 $5,427.00 369036.00
16 CNG Engraving Machine 1 $22,800.60 $22,800.60 1550440.80
17 Fixture 300 $10.80 $3,240.00 220320.00
18 Bamboo Bowl outer Shaped Lathe 4 $4,284.00 $17,136.00 1165248.00
19 Bamboo Bowl inner Shaped Lathe 4 $5,427.00 $21,708.00 1476144.00

20 Bamboo Bowl bottom Shaped Lathe 4 $3,999.60 $15,998.40 1087891.20

21 Bamboo Bowl Polishing Machine 2 $3,427.20 $6,854.40 466099.20
22 Bracket ( Spray Lacquer) 1 $1,000.80 $1,000.80 68054.40

23 Carbonised Boiler( 6000 X 1500 Cm 2 $34,740.00 $69,480.00 4724640.00

TOTAL COST 35640432.00

ADD : FREIGHT $6,000.00 408000.00

TOTAL: $530,124.00 36048432.00

Goloso Bamboo Industry 16

 XIV. MISCELLANEOUS FIXED ASSETS DETAILS

Sr. No. Particulars In Rupees

1 Furniture & Fixture 850000

2 Transformer 11,00,000.00

3 Meter Price 16,000.00

4 CT/PT Price 46,000.00

5 Power Control Centre 10,10,000.00

6 Cable Cost 9,50,000.00

7 HT Line 29,11,000.00

8 Diesel Generator 34,00,000.00

9 Outdoor Lighting 6,50,000.00

VAT 12.5% 13,66,625.00

Total 1,22,99,625.00

Goloso Bamboo Industry 17

 XV. PROJECTED PROFITABILITY STATEMENT

GOLOSO BAMBOO INDUSTRIES

PROJECTED PROFITABILITY (Rs. Lacs)

STATEMENT

PARTICULARS I II III IV V VI VII

SALES VALUE 549.77 550.04 562.09 562.39 562.70 563.01 563.33

STOCK OF FINISHED GOODS 19.12 19.13 38.43 38.44 38.46 38.47 38.48

TOTAL INCOME……. (A) 568.89 569.17 600.53 600.84 601.15 601.48 601.80

(B) COST OF OUTPUT

OPENING STOCK-F.GOODS 0 19.12 19.13 38.43 38.44 38.46 38.47

CONSUMPTION COST 147.57 147.57 158.36 159.94 161.54 163.16 164.79

DIRECT LABOUR & WAGES 91.21 92.12 93.97 95.85 97.76 99.72 101.71

CONSUMABLES 12.00 12.00 13.20 14.52 15.97 17.57 19.33

PACKAGING COST 21.31 21.31 23.78 24.91 24.91 24.91 24.91

FACTORY OVERHEADS 44.65 45.10 49.61 54.57 60.03 66.03 72.63

DEPRECIATION 111.00 96.41 83.80 72.90 63.46 55.29 48.22

COST OF OUTPUT SOLD (B) 427.75 433.63 441.84 461.12 462.12 465.13 470.05

GROSS PROFIT (A-B) [C] 141.15 135.54 158.69 139.72 139.04 136.35 131.76
GPR 24.81 23.81 26.42 23.25 23.13 22.67 21.89

( C) INDIRECT EXPENDITURE
ADMINISTRATIVE STAFF 60.98 61.59 62.21 62.83 63.46 64.09 64.74
SALARY
FREIGHT & OCTROI 1.65 1.65 1.69 1.69 1.69 1.69 1.69
(Outward)
SELLING & DISTRIBUTION 1.65 1.65 1.69 1.69 1.69 1.69 1.69
EXP.

Goloso Bamboo Industry 18

INTEREST ON TERM LOAN* 40.65 34.43 28.22 22.01 15.79 9.58 0.00
INTEREST ON C/C A/C 6.48 7.02 8.64 9.72 9.72 9.72 9.72
PRELIMINARY EXP. 2.00 2.00 2.00 2.00 2.00 2.00 2.00
WRITE/OFF
ADMINISTRATIVE 5.95 6.01 6.13 6.25 6.38 6.50 6.63
EXPENSES

TOTAL INDIRECT COST [D] 119.36 114.36 110.57 106.19 100.73 95.28 86.47

NET PROFIT BEFORE TAXES 21.79 21.18 48.11 33.53 38.31 41.07 45.29
(C-D) [E]
NPR 3.96 3.85 8.56 5.96 6.81 7.29 8.04

LESS: TAX ON PROFIT [F] 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NET PROFIT AFTER TAXES 21.79 21.18 48.11 33.53 38.31 41.07 45.29
[G]
DEPRECIATION ADDED 111.00 96.41 83.80 72.90 63.46 55.29 48.22
BACK[H]
NET CASH ACCRUALS 134.79 119.59 133.91 108.43 103.77 98.36 95.50
DSCR
NET CASH ACCRUALS 134.79 119.59 133.91 108.43 103.77 98.36 95.50
ADD: INTEREST 47.13 41.45 36.86 37.94 31.73 25.51 19.30
TOTAL (I) 181.92 161.05 170.77 146.37 135.50 123.88 114.80

REPAYMENTS
INSTALLMENT OF T/L:BANK 86.68 80.46 74.25 68.04 61.82 55.61 0.00
Total Installments 86.68 80.46 74.25 68.04 61.82 55.61 0.00

DSCR (I/II) 2.10 2.00 2.30 2.15 2.19 2.23 0.00

AVERAGE DSCR 2.15

INTEREST COVERAGE RATIO

CASH ACCRUALS 181.92 161.05 170.77 146.37 135.50 123.88 114.80

INCL.INTEREST(A)

INTEREST ON T/L 47.13 41.45 36.86 37.94 31.73 25.51 19.30

INTEREST ON C/C 6.48 7.02 8.64 9.72 9.72 9.72 9.72
TOTAL INTEREST (B) 53.61 48.47 45.50 47.66 41.45 35.23 29.02

INTEREST COVERAGE 3.39 3.32 3.75 3.07 3.27 3.52 3.96

RATIO(A/B)

Goloso Bamboo Industry 19

 * The Moratorium period of bank term loan is taken at 12 months. It is
assumed that the unit will take 12 months for the set up of the factory &
machinery and it will start production after the const period The interest
expense for the construction period will be debited to P & L A/c of the year of
production which is considered as first year in the Balance Sheet & P& L and
all schedule except bank loan.

IMPORTANT NOTE: THE 1ST YEAR OF OPERATION TAKEN IN

ABOVE BALANCE SHEET IS THE YEAR

IN WHICH THE PRODUCTION & SALES WILL START. IT IS THE YEAR

WHICH STARTS AFTER COMPLETION

OF THE CONSTRUCTION PERIOD OF 12 MONTHS. THIS IS THE YEAR

STARTING FROM THE 2ND YEAR

GIVEN IN THE BANK LOAN REPAYMENT SCH.

Goloso Bamboo Industry 20

 XVI. PROJECTED BALANCE SHEETS

GOLOSO BAMBOO INDUSTRIES

BALANCE SHEETS Rs. Lacs
SOURCES OF FUNDS I II III IV V VI VII
PROMOTORS CAPITAL
PAID UP SHARE CAPITAL 295.90 295.90 295.90 295.90 295.90 295.90 295.90
RESERVE & SURPLUS
OPENING BALANCE 0.00 21.79 42.97 91.08 124.62 162.93 203.99
NET PROFIT AFTER TAX PMT 21.79 21.18 48.11 33.53 38.31 41.07 45.29
LESS: DIVIDENDS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CLOSING BALANCE 21.79 42.97 91.08 124.62 162.93 203.99 249.28
LOANS
SFAC 118.36 118.36 118.36 118.36 118.36 118.36 0.00
E.P.F GRANT (UPFRONT) 295.90 295.90 295.90 295.90 295.90 295.90 295.90
TERM LOAN (BANK) 230.14 184.11 138.08 92.06 46.03 0.00 0.00
CASH CREDIT LIMIT FROM 60.00 65.00 80.00 90.00 90.00 90.00 90.00
BANK
UNSECURED LOANS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL OF LIABILITIES 1022.08 1002.23 1019.32 1016.82 1009.10 1004.14 931.07
[A]
APPLICATION OF FUNDS I II III IV V VI VII
FIXED ASSETS
NET BLOCK AS PER 786.22 689.81 606.01 533.11 469.65 414.35 366.14
DEP.SCHEDULE(A)
INVESTMENTS AND DEPOSITS 0.00 0.00 50.00 75.00 100.00 125.00 150.00
CURRENT ASSETS, LOANS
& ADVANCES
TRADE DEBTORS 69.00 69.00 70.00 70.00 70.00 70.00 70.00
INVENTORY- RM & WIP 25.05 26.64 28.59 28.88 29.17 29.46 29.75
INVENTORY- FINISHED 19.12 19.13 38.43 38.44 38.46 38.47 38.48
GOODS
CASH & BALANCE WITH 10.00 15.00 20.00 25.00 27.00 30.00 32.00
BANKS
MISC. CURRENT ASSETS 37.97 93.94 108.51 137.75 155.64 167.16 236.39
TOTAL CURRENT ASSETS 161.14 223.71 265.53 300.07 320.26 335.08 406.62
LESS:
CURRENT LIABS &
PROVISIONS
SUNDRY TRADE CREDITORS 27.94 24.86 26.67 26.66 26.92 27.19 27.46

Goloso Bamboo Industry 21

PROVISIONS & OTHER LIABS 12.00 12.60 13.23 13.89 14.59 15.32 16.08
NET CURRENT ASSETS (B) 121.21 186.25 225.63 259.52 278.75 292.57 363.07
MISCELLANEOUS
EXPENDITURE
CONSTRUCTION PERIOD INTT 31.07 24.86 18.64 12.43 6.21 0.00 0.00
PROVISION FOR SFAC 19.73 39.45 59.18 78.91 98.63 118.36 0.00
REPAYMENT
PROVISION FOR 45.86 45.86 45.86 45.86 45.86 45.86 45.86
CONTINGENCIES
PRELIMINARY & PRE- 18.00 16.00 14.00 12.00 10.00 8.00 6.00
OPERATIVE EXP
TOTAL OF ASSETS 1022.08 1002.23 1019.3 1016.8 1009.1 1004.1 931.07
2 3 1 5
0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL LONG TERM SOURCE 962.08 937.23 939.32 926.82 919.10 914.14 841.07
TOTAL LONG TERM USAGE 850.08 751.67 715.87 665.97 625.51 593.22 568.00
NWC 112.00 185.56 223.45 260.85 293.59 320.93 273.07
IMPORTANT NOTE: THE 1ST YEAR OF OPERATION TAKEN IN ABOVE BALANCE
SHEET IS THE YEAR
IN WHICH THE PRODUCTION & SALES WILL START. IT IS THE YEAR WHICH STARTS
AFTER COMPLETION
OF THE CONSTRUCTION PERIOD OF 12MONTHS. THIS IS THE YEAR STARTING FROM
THE 2ND YEAR
GIVEN IN THE BANK LOAN REPAYMENT SCH.
GOLOSO BAMBOO INDUSTRIES

EXHIBIT 5
CALCULATION OF RATIOS (Balance sheet related)
(A) CURRENT RATIO
TOTAL CURRENT ASSETS 161.14 223.71 265.53 300.07 320.26 335.08 406.62
(A)
TOTAL CURRENT LIABILITIES
Current Liabilities 27.94 24.86 26.67 26.66 26.92 27.19 27.46
Provisions & Other Liabilities 12.00 12.60 13.23 13.89 14.59 15.32 16.08
Cash credit limit from bank 60.00 65.00 80.00 90.00 90.00 90.00 90.00
TOTAL CURRENT LIABILITIES 99.94 102.46 119.90 130.55 131.51 132.51 133.55
(B)
CURRENT RATIO…. (A/B) 1.61 2.18 2.21 2.30 2.44 2.53 3.04
(B) DEBT/ EQUITY RATIO
DEBT
TERM LOAN-BANK 230.14 184.11 138.08 92.06 46.03 0.00 0.00
TOTAL DEBT(A) 230.14 184.11 138.08 92.06 46.03 0.00 0.00
EQUITY

Goloso Bamboo Industry 22

 PAID UP CAPITAL 295.90 295.90 295.90 295.90 295.90 295.90 295.90
UNSECURED LOANS(QUASI 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EQUITY)
RESERVES & SURPLUS 21.79 42.97 91.08 124.62 162.93 203.99 249.28
LESS: Preliminary & Pre-op.exp.& 63.86 61.86 59.86 57.86 55.86 53.86 51.86
Cont.
TANGIBLE NET WORTH (B) 253.82 277.00 327.12 362.65 402.96 446.03 493.31
DEBT EQUITY RATIO (A/B) 0.91 0.66 0.42 0.25 0.11 0.00 0.00
(C) TOL/ TNW RATIO
TOTAL DEBT
TERM LOAN-BANK 230.14 184.11 138.08 92.06 46.03 0.00 0.00
CASH CREDIT LIMIT 60.00 65.00 80.00 90.00 90.00 90.00 90.00
TOTAL DEBT(A) 290.14 249.11 218.08 182.06 136.03 90.00 90.00
EQUITY
PAID UP CAPITAL 295.90 295.90 295.90 295.90 295.90 295.90 295.90
UNSECURED LOANS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
RESERVES & SURPLUS 21.79 42.97 91.08 124.62 162.93 203.99 249.28
LESS: Preliminary & Pre-op.exp.& 63.86 61.86 59.86 57.86 55.86 53.86 51.86
Cont.
TANGIBLE NET WORTH (B) 253.82 277.00 327.12 362.65 402.96 446.03 493.31
TOL/ TNW RATIO (A/B) 1.14 0.90 0.67 0.50 0.34 0.20 0.18
NET WORKING CAPITAL MARGIN 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Goloso Bamboo Industry 23

 Annexure-I
QUANTITATIVE STATEMENT OF PROJECTIONS

ANNEXURE I
QUANTITATIVE STATEMENT OF PROJECTIONS SHOWING
INSTALLED CAPACITY, CAP.UTILN, SALES, PURCH, STOCK

S.N PARTICULARS I II III IV V VI VII

NO. OF WORKING DAY P.A. 300 300 300 300 300 300 300
NO. OF SHIFTS PER DAY 1 1 1 1 1 1 1
[A] INSTALLED CAPACITY ::
1 FINISHED GOODS ( IN QTY)
BOWLS
28 MM 25000 25000 25000 25000 25000 25000 25000
20 MM 46250 46250 46250 46250 46250 46250 46250
12 MM 43750 43750 43750 43750 43750 43750 43750
BOARDS
BUTCHERS BLOCK 40000 40000 40000 40000 40000 40000 40000
CHOPPING BOARD APT 2 80000 80000 80000 80000 80000 80000 80000
CHOPPING BOARD APT 1 111250 111250 111250 111250 111250 111250 111250
REVENUE FROM WASTE
883.12 883.12 883.12 883.12 883.12 883.12 883.12
(IN TONS)
2 RAW MATERIAL &
CONSUMABLES AT 100%
INSTALLED CAPACITY
UTILISATION…
BAMBOO TONS 4463 4463 4463 4463 4463 4463 4463
U.F.GLUE (HOT PRESS) IN
33.75 33.75 33.75 33.75 33.75 33.75 33.75
TONS
EPI GLUE (COLD PRESS) IN
11.25 11.25 11.25 11.25 11.25 11.25 11.25
TONS
FOOD GRADE COATING OIL 2.02 2.02 2.02 2.02 2.02 2.02 2.02
NITRO CELLULAR LAQUER 1.37 1.37 1.37 1.37 1.37 1.37 1.37
[B] CAPACITY UTILISATION ::
CAPACITY UTILISATION
80% 80% 85% 85% 85% 85% 85%
IN %
1 FINISHED GOODS (QTY)
BOWLS
28 MM 20000 20000 21250 21250 21250 21250 21250
20 MM 37000 37000 39312.5 39312.5 39312.5 39312.5 39312.5
12 MM 35000 35000 37187.5 37187.5 37187.5 37187.5 37187.5
BOARDS
BUTCHERS BLOCK 32000 32000 34000 34000 34000 34000 34000
CHOPPING BOARD APT 2 64000 64000 68000 68000 68000 68000 68000
CHOPPING BOARD APT 1 89000 89000 94562.5 94562.5 94562.5 94562.5 94562.5
REVENUE FROM WASTE (IN
706.50 706.50 750.652 750.65 750.65 750.65 750.65
TONS)

Goloso Bamboo Industry 24

2 RAW MATERIAL &
CONSUMABLES AT ABOVE

PRODUCTION…

BAMBOO TONS 3570 3570 3793 3793 3793 3793 3793

U.F.GLUE (HOT PRESS) IN

27 27 29 29 29 29 29
TONS

EPI GLUE (COLD PRESS) IN

9.00 9.00 9.56 9.56 9.56 9.56 9.56
TONS

FOOD GRADE COATING OIL

1.62 1.62 1.72 1.72 1.72 1.72 1.72
IN TONS

NITRO CELLULAR LAQUER IN

1.10 1.10 1.16 1.16 1.16 1.16 1.16
TONS

Goloso Bamboo Industry 25

 Annexure-II
Statement showing Income Generation

PARTICULARS I II III IV V VI VII

A) SALES (VALUE WISE)
BOWL 28 MM
Sales Quantity (as per working B) QTY 19167 19167 19479 19479 19479 19479 19479
Rate per QTY 546.00 546.00 546.00 546.00 546.00 546.00 546.00
SALES VALUE… 104.65 104.65 106.36 106.36 106.36 106.36 106.36
BOWL 20 MM
Sales Quantity (as per working B) QTY 35458 35458 36036 36036 36036 36036 36036
Rate per QTY 286.65 286.65 286.65 286.65 286.65 286.65 286.65
SALES VALUE… 101.64 101.64 103.30 103.30 103.30 103.30 103.30
BOWL 12 MM
Sales Quantity (as per working B) QTY 33542 33542 34089 34089 34089 34089 34089
Rate per QTY 145.95 145.95 145.95 145.95 145.95 145.95 145.95
SALES VALUE… 48.95 48.95 49.75 49.75 49.75 49.75 49.75
BUTCHERS BLOCK
Sales Quantity (as per working B) QTY 30667 30667 31167 31167 31167 31167 31167
Rate per QTY 365.40 365.40 365.40 365.40 365.40 365.40 365.40
SALES VALUE… 112.06 112.06 113.88 113.88 113.88 113.88 113.88
CHOPPING BOARD APT 2
Sales Quantity (as per working B) QTY 61333 61333 62333 62333 62333 62333 62333
Rate per QTY 199.50 199.50 199.50 199.50 199.50 199.50 199.50
SALES VALUE… 122.36 122.36 124.36 124.36 124.36 124.36 124.36
CHOPPING BOARD APT 1
Sales Quantity (as per working B) QTY 85292 85292 90622 90622 90622 90622 90622
Rate per QTY 54.60 54.60 54.60 54.60 54.60 54.60 54.60
SALES VALUE… 46.57 46.57 49.48 49.48 49.48 49.48 49.48
REVENUE FROM WASTER
Sales Quantity (as per working B) TON 677 677 719 719 719 719 719
Rate per TON 2000.00 2040.00 2080.80 2122.42 2164.86 2208.16 2252.32
SALES VALUE… 13.54 13.81 14.97 15.27 15.57 15.88 16.20

Goloso Bamboo Industry 26

TOTAL… 549.77 550.04 562.09 562.39 562.70 563.01 563.33
B) SALES (QUANTITY WISE)
BOWL 28 MM
OPENING STOCK 0 833 833 1771 1771 1771 1771
PRODUCTION 20000 20000 21250 21250 21250 21250 21250
ADD: STOCK ADJUSTMENT 0 0 0 0 0 0 0
TOTAL 20000 20000 21250 21250 21250 21250 21250
LESS: SOLD 19167 19167 19479 19479 19479 19479 19479
CLOSING STOCK 833 833 1771 1771 1771 1771 1771
RATE OF VALUATION (AT PROD.COST) 437 437 437 437 437 437 437
VALUE OF CLOSING STOCK 3.64 3.64 7.74 7.74 7.74 7.74 7.74
BOWL 20 MM
OPENING STOCK 0 1542 1542 3276 3276 3276 3276
PRODUCTION 37000 37000 39313 39313 39313 39313 39313
ADD: STOCK ADJUSTMENT 0 0 0 0 0 0 0
TOTAL 37000 37000 39313 39313 39313 39313 39313
LESS: SOLD 35458 35458 36036 36036 36036 36036 36036
CLOSING STOCK 1542 1542 3276 3276 3276 3276 3276
RATE OF VALUATION (AT PROD.COST) 229 229 229 229 229 229 229
VALUE OF CLOSING STOCK 3.54 3.54 7.51 7.51 7.51 7.51 7.51
BOWL 12 MM
OPENING STOCK 0 1458 1458 3099 3099 3099 3099
PRODUCTION 35000 35000 37188 37188 37188 37188 37188
ADD: STOCK ADJUSTMENT 0 0 0 0 0 0 0
TOTAL 35000 35000 37188 37188 37188 37188 37188
LESS: SOLD 33542 33542 34089 34089 34089 34089 34089
CLOSING STOCK 1458 1458 3099 3099 3099 3099 3099
RATE OF VALUATION (AT PROD.COST) 117 117 117 117 117 117 117
VALUE OF CLOSING STOCK 1.70 1.70 3.62 3.62 3.62 3.62 3.62
BUTCHERS BLOCK
OPENING STOCK 0 1333 1333 2833 2833 2833 2833
PRODUCTION 32000 32000 34000 34000 34000 34000 34000
ADD: STOCK ADJUSTMENT 0 0 0 0 0 0 0
TOTAL 32000 32000 34000 34000 34000 34000 34000
LESS: SOLD 30667 30667 31167 31167 31167 31167 31167

Goloso Bamboo Industry 27

CLOSING STOCK 1333 1333 2833 2833 2833 2833 2833
RATE OF VALUATION (AT PROD.COST) 292 292 292 292 292 292 292
VALUE OF CLOSING STOCK 3.90 3.90 8.28 8.28 8.28 8.28 8.28
CHOPPING BOARD APT 2
OPENING STOCK 0 2667 2667 5667 5667 5667 5667
PRODUCTION 64000 64000 68000 68000 68000 68000 68000
ADD: STOCK ADJUSTMENT 0 0 0 0 0 0 0
TOTAL 64000 64000 68000 68000 68000 68000 68000
LESS: SOLD 61333 61333 62333 62333 62333 62333 62333
CLOSING STOCK 2667 2667 5667 5667 5667 5667 5667
RATE OF VALUATION (AT PROD.COST) 160 160 160 160 160 160 160
VALUE OF CLOSING STOCK 4.26 4.26 9.04 9.04 9.04 9.04 9.04
CHOPPING BOARD APT 1
OPENING STOCK 0 3708 3708 3940 3940 3940 3940
PRODUCTION 89000 89000 94563 94563 94563 94563 94563
ADD: STOCK ADJUSTMENT 0 0 0 0 0 0 0
TOTAL 89000 89000 94563 94563 94563 94563 94563
LESS: SOLD 85292 85292 90622 90622 90622 90622 90622
CLOSING STOCK 3708 3708 3940 3940 3940 3940 3940
RATE OF VALUATION (AT PROD.COST) 44 44 44 44 44 44 44
VALUE OF CLOSING STOCK 1.62 1.62 1.72 1.72 1.72 1.72 1.72
REVENUE FROM WASTE
OPENING STOCK 0 29 29 31 31 31 31
PRODUCTION 706 706 751 751 751 751 751
ADD: STOCK ADJUSTMENT 0 0 0 0 0 0 0
TOTAL 706 706 751 751 751 751 751
LESS: SOLD 677 677 719 719 719 719 719
CLOSING STOCK 29 29 31 31 31 31 31
RATE OF VALUATION (AT PROD.COST) 1600 1632 1665 1698 1732 1767 1802
VALUE OF CLOSING STOCK 0.47 0.48 0.52 0.53 0.54 0.55 0.56
TOTAL CLOSING STOCK VALUE 19.12 19.13 38.43 38.44 38.46 38.47 38.48

Goloso Bamboo Industry 28

 Annexure-III
Statement showing Cost of Raw Materials & Consumables

(1) BAMBOO (MAIN RAW MATERIAL)

A) QUANTITY WISE (QTY IN NOS)

PARTICULARS I II III IV V VI VII

OPENING STOCK: (a) 0 595 595 632 632 632 632

ADD: PURCHASE P.A. (b) 4165 3570 3830 3793 3793 3793 3793

TOTAL STOCK IN HAND & WIP

4165 4165 4425 4425 4425 4425 4425
( c)

LESS:CLOSING STOCK (d) 595 595 632 632 632 632 632

STOCK CONSUMED(c-d) (e) 3570 3570 3793 3793 3793 3793 3793

PURCHASE RATE PER TON (f) 2700.00 2700.00 2727.00 2754.27 2781.81 2809.63 2837.73

B) VALUE WISE

OPNING STOCK (LACs) 0.00 16.07 16.07 17.24 17.41 17.59 17.76

ADD: PURCHASES 112.46 96.39 104.45 104.47 105.52 106.57 107.64

TOTAL STOCK IN HAND 112.46 112.46 120.68 121.89 123.10 124.33 125.58

LESS: CLOSING STOCK 16.07 16.07 17.24 17.41 17.59 17.76 17.94

STOCK CONSUMED 96.39 96.39 103.44 104.47 105.52 106.57 107.64

(2) U.F GLUE (FOR HOT PRESS)

A) QUANTITY WISE (QTY.. TONS)

PARTICULARS I II III IV V VI VII

OPENING STOCK: (a) 0.00 4.50 6.75 7.17 7.17 7.17 7.17

ADD: PURCHASE P.A. (b) 26.00 29.25 29.11 28.69 28.69 28.69 28.69

TOTAL STOCK IN HAND & WIP

26.00 33.75 35.86 35.86 35.86 35.86 35.86
( c)

LESS:CLOSING STOCK (d) 4.50 6.75 7.17 7.17 7.17 7.17 7.17

STOCK CONSUMED(c-d) (e) 27.00 27.00 28.69 28.69 28.69 28.69 28.69

PURCHASE RATE PER TON 91000.0

91000.00 91910.00 92829.00 93757.00 94695.00 95642.00
(f) 0

B) VALUE WISE

OPNING STOCK (LACs) 0.00 4.10 6.14 6.59 6.66 6.72 6.79

Goloso Bamboo Industry 29

ADD: PURCHASES 23.66 26.62 26.75 26.63 26.90 27.17 27.44

TOTAL STOCK IN HAND 23.66 30.71 32.96 33.29 33.62 33.96 34.30

LESS: CLOSING STOCK 4.10 6.14 6.59 6.66 6.72 6.79 6.86

STOCK CONSUMED 24.57 24.57 26.37 26.63 26.90 27.17 27.44

(3) EPI GLUE (FOR COLD PRESS)

A) QUANTITY WISE (QTY IN KG.))

PARTICULARS I II III IV V VI VI

OPENING STOCK: (a) 0.00 1.50 1.50 1.59 1.59 1.59 1.59

ADD: PURCHASE P.A. (b) 10.50 9.00 9.66 9.56 9.56 9.56 9.56

TOTAL STOCK IN HAND & WIP

10.50 10.50 11.16 11.16 11.16 11.16 11.16
( c)

LESS:CLOSING STOCK
1.50 1.50 1.59 1.59 1.59 1.59 1.59
(d)

STOCK CONSUMED(c-d) (e) 9.00 9.00 9.56 9.56 9.56 9.56 9.56

PURCHASE RATE PER TON 120000. 120000.0 121200.0 122412.0 123636.0 124872.0 126121.0
(f) 00 0 0 0 0 0 0

B) VALUE WISE

OPNING STOCK (LACs) 0.00 1.80 1.80 1.93 1.95 1.97 1.99

ADD: PURCHASES 12.60 10.80 11.70 11.71 11.82 11.94 12.06

TOTAL STOCK IN HAND 12.60 12.60 13.52 13.66 13.79 13.93 14.07

LESS: CLOSING STOCK 1.80 1.80 1.93 1.95 1.97 1.99 2.01

STOCK CONSUMED 10.80 10.80 11.59 11.71 11.82 11.94 12.06

(4) FOOD GRADE COATING OIL

RS.LAC
A) QUANTITY WISE
S

PARTICULARS I II III IV V VI VII

OPENING STOCK: (a) 0 0.27 0.27 0.29 0.29 0.29 0.29

ADD: PURCHASE P.A. (b) 1.89 1.62 1.73 1.72 1.72 1.72 1.72

TOTAL STOCK IN HAND & WIP

1.89 1.89 2.00 2.00 2.00 2.00 2.00
( c)

LESS:CLOSING STOCK (d) 0.27 0.27 0.29 0.29 0.29 0.29 0.29

STOCK CONSUMED(c-d) (e) 1.62 1.62 1.72 1.72 1.72 1.72 1.72

PURCHASE RATE PER TON (f) 300000.00 300000.00 303000.00 306030.00 309090.30 312181.20 315303.02

B) VALUE WISE

Goloso Bamboo Industry 30

OPNING STOCK (LACs) 0.00 0.81 0.81 0.87 0.88 0.88 0.89

ADD: PURCHASES 5.66 4.85 5.25 5.25 5.31 5.36 5.41

TOTAL STOCK IN HAND 5.66 5.66 6.07 6.13 6.19 6.25 6.32

LESS: CLOSING STOCK 0.81 0.81 0.87 0.88 0.88 0.89 0.90

STOCK CONSUMED 4.85 4.85 5.20 5.25 5.31 5.36 5.41

(5) NITRO CELLULAR LIQUER

A) QUANTITY WISE (QTY IN NOS)

PARTICULARS I II III IV V VI VII

OPENING STOCK: (a) 0.00 0.23 0.18 0.19 0.19 0.19 0.19

ADD: PURCHASE P.A. (b) 1.32 1.05 1.18 1.16 1.16 1.16 1.16

TOTAL STOCK IN HAND & WIP

1.32 1.28 1.36 1.36 1.36 1.36 1.36
( c)

LESS:CLOSING STOCK (d) 0.23 0.18 0.19 0.19 0.19 0.19 0.19

STOCK CONSUMED(c-d) (e) 1.10 1.10 1.16 1.16 1.16 1.16 1.16

PURCHASE RATE PER TON (f) 1000000.00 1000000.00 1010000.00 1020100.00 1030301.00 1040604.00 1051010.00

B) VALUE WISE

OPNING STOCK (LACs) 0.00 2.28 1.83 1.96 1.98 2.00 2.02

ADD: PURCHASES 13.24 10.50 11.88 11.88 12.00 12.12 12.24

TOTAL STOCK IN HAND 13.24 12.79 13.72 13.86 14.00 14.14 14.28

LESS: CLOSING STOCK 2.28 1.83 1.96 1.98 2.00 2.02 2.04

STOCK CONSUMED 10.96 10.96 11.76 11.88 12.00 12.12 12.24

(5) RAW MATERIAL & CONSUMABLE SUMMARY (VALUE WISE)

PARTICULARS I II III IV V VI VII

OPNING STOCK (LACs) 0.00 25.05 26.64 28.59 28.88 29.17 29.46

ADD: PURCHASES 167.61 149.16 160.04 159.94 161.54 163.16 164.79

TOTAL STOCK IN HAND 167.61 174.21 186.95 188.82 190.71 192.61 194.54

LESS: CLOSING STOCK 25.05 26.64 28.59 28.88 29.17 29.46 29.75

STOCK CONSUMED 147.57 147.57 158.36 159.94 161.54 163.16 164.79

Goloso Bamboo Industry 31

 Annexure-IV
Statement showing Depreciation Charges

AS PER W.D.V.METHOD FOR INCOME TAX

PARTICULARS LAND BUILDING P&M OTHER TOTAL
Rate of Depreciation 0 10.00% 15.00% 10.00% 0
YEAR 1
GROSS BLOCK 20.00 283.63 465.59 128.00 897.22
Less: Depreciation YR 1 0.00 28.36 69.84 12.80 111.00
NET BLOCK 20.00 255.27 395.75 115.20 786.22
YEAR 2
NET BLOCK 20.00 255.27 395.75 115.20 786.22
Less: Depreciation YR 2 0.00 25.53 59.36 11.52 96.41
NET BLOCK 20.00 229.74 336.39 103.68 689.81
YEAR 3
NET BLOCK 20.00 229.74 336.39 103.68 689.81
Less: Depreciation YR 3 0.00 22.97 50.46 10.37 83.80
NET BLOCK 20.00 206.77 285.93 93.31 606.01
YEAR 4
NET BLOCK 20.00 206.77 285.93 93.31 606.01
Less: Depreciation YR 4 0.00 20.68 42.89 9.33 72.90
NET BLOCK 20.00 186.09 243.04 83.98 533.11
YEAR 5
NET BLOCK 20.00 186.09 243.04 83.98 533.11
Less: Depreciation YR 5 0.00 18.61 36.46 8.40 63.46
NET BLOCK 20.00 167.48 206.58 75.58 469.65
YEAR 6
NET BLOCK 20.00 167.48 206.58 75.58 469.65
Less: Depreciation YR 6 0.00 16.75 30.99 7.56 55.29
NET BLOCK 20.00 150.73 175.60 68.02 414.35
YEAR 7
NET BLOCK 20.00 150.73 175.60 68.02 414.35
Less: Depreciation YR 7 0.00 15.07 26.34 6.80 48.22
NET BLOCK 20.00 135.66 149.26 61.22 366.14

Goloso Bamboo Industry 32

 Annexure-V
Statement showing Labour Costs and Staff Salaries

ANNEXURE V(a)

STATEMENT SHOWING LABOUR COST Rs. Lacs

SALARY
SR RATE / ANNUAL
PARTICULARS NO.S PER
. MONTH COST
MONTH

1 Mechanical Manager 1 35000 35000 420000

3 Highly Skilled Workers 15 14000 210000 2520000

4 Skilled Workers 11 11000 121000 1452000

4 Semi -Skilled Workers 13 9500 123500 1482000

5 Unskilled Workers 13 7500 97500 1170000

6 Electrician 1 20000 20000 240000

7 Boiler Operator 1 20000 20000 240000

8 Security Guard 2 12000 24000 288000

9 Quality Control Manager 1 40000 40000 480000

691000 8292000

Add : 10 % Benefits 69100 829200

TOTAL 760100 9121200

Goloso Bamboo Industry 33

ANNEXURE V(b)

STATEMENT SHOWING DETAILS OF STAFF SALARY

(ADMINISTRATION) Rs. Lacs

SALARY
SR RATE / ANNUAL
PARTICULARS NO.S PER
. MONTH COST
MONTH

1 Properiter Salary 1 160000 160000 1920000

2 CEO 1 140000 140000 1680000

3 Personal manager 1 40000 40000 480000

Finance and Accountant

4 Manager 1 40000 40000 480000

5 Assistants 4 16000 64000 768000

6 Peon 2 9000 18000 216000

302000 5544000

Add : 10 % Benefits 30200 554400

TOTAL 332200 6098400

Goloso Bamboo Industry 34

 Annexure-VI
Statement showing Factory Overheads and Administrative
Expenses

ANNEXURE VI(a)

STATEMENT SHOWING FACTORY OVERHEAD Rs. Lacs

S.NO. PARTICULARS AMOUNT/MTH AMOUNT P.A.

1 POWER CONSUMPTION 302040.00 3624480.00

(As per working 1 & 2)
2 Fixed Power Cost 70056.00 840672.00
3 Fuel Purchase 0.00
4 Electricity duty 0.00
3 Other Overheads
4 Repairs & Maintenance
Total Factory Overheads 372096.00 4465152.00

Working 1 : Power Exp.

a Power consumption per hour (in KW) 375
(Excluding Boiler and Dryer)
b Working hours per day 8
c Working day p.m. 25
d Average Utilisation % 80%
e Cost per KW 3.75
Total Power cost p.m.(a*b*c*d*e) 225180

Working 2 : Power Exp.

a Power consumption per hour (in KW) 43
of Boiler and Dryer
b Working hours per day 24
c Working day p.m. 25
d Average Utilisation % 80%
e Cost per KW 3.75
Total Power cost p.m.(a*b*c*d*e) 76860

Goloso Bamboo Industry 35

ANNEXURE VI(b)

STATEMENT SHOWING ADMINISTRATIVE EXP. Rs. Lacs

S.NO PARTICULARS AMOUNT/MTH AMOUNT P.A.

1 Conveyence & Travelling Exp. 8000.00 96000.00

2 Bank Charges 5000.00 60000.00

3 Insurance Expenses 5000.00 60000.00

4 Telephone & Postage 5000.00 60000.00

5 Printing & Stationary 5000.00 60000.00

6 Consultation Expenses 2500.00 30000.00

8 Audit Fee & Professional Fees 25000.00

9 Cleaning Expenses 2000.00 24000.00

10 Vat Expenses 5000.00 60000.00

11 Office Electricity Exp. 5000.00 60000.00

12 Misc. Administration Expenses 5000.00 60000.00

Total… 595000.00

Goloso Bamboo Industry 36

 Annexure-VII
Schedule of Repayment of Loan

(B) REPAYMENT SCHEDULE : TERM LOAN

TERM LOAN AMOUNT : 276.17 LACS
RATE OF INTEREST : 13.50 %
REPAYMENT : 6.00 YEARS
MORATORIAN : 12 MONTHS

YEAR 1
Month----> 1 2 3 4 5 6 7 8 9 10 11 12 TOTALS
Op.Bal. 276.17 276.17 276.17 276.17 276.17 276.17 276.17 276.17 276.17 276.17 276.17 276.17
Interest 3.11 3.11 3.11 3.11 3.11 3.11 3.11 3.11 3.11 3.11 3.11 3.11 37.28
Principal 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Installment 3.11 3.11 3.11 3.11 3.11 3.11 3.11 3.11 3.11 3.11 3.11 3.11 37.28
Cl.Bal. 276.17 276.17 276.17 276.17 276.17 276.17 276.17 276.17 276.17 276.17 276.17 276.17

Goloso Bamboo Industry 37

YEAR 2
Month----> 1 2 3 4 5 6 7 8 9 10 11 12
Op.Bal. 276.17 272.33 268.50 264.66 260.83 256.99 253.16 249.32 245.48 241.65 237.81 233.98
Interest 3.11 3.06 3.02 2.98 2.93 2.89 2.85 2.80 2.76 2.72 2.68 2.63 34.43
Principal 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 46.03
Installment 6.94 6.90 6.86 6.81 6.77 6.73 6.68 6.64 6.60 6.55 6.51 6.47 80.46
Cl.Bal. 272.33 268.50 264.66 260.83 256.99 253.16 249.32 245.48 241.65 237.81 233.98 230.14

YEAR 3
Month----> 1 2 3 4 5 6 7 8 9 10 11 12
Op.Bal. 230.14 226.31 222.47 218.63 214.80 210.96 207.13 203.29 199.46 195.62 191.78 187.95
Interest 2.59 2.55 2.50 2.46 2.42 2.37 2.33 2.29 2.24 2.20 2.16 2.11 28.22
Principal 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 46.03
Installment 6.42 6.38 6.34 6.30 6.25 6.21 6.17 6.12 6.08 6.04 5.99 5.95 74.25
Cl.Bal. 226.31 222.47 218.63 214.80 210.96 207.13 203.29 199.46 195.62 191.78 187.95 184.11

ANNEXURE VII:
(B) REPAYMENT SCHEDULE: LOAN FROM LOCAL BANK contd…
Month----> 1 2 3 4 5 6 7 8 9 10 11 12
Op.Bal. 184.11 180.28 176.44 172.61 168.77 164.93 161.10 157.26 153.43 149.59 145.76 141.92
Interest 2.07 2.03 1.98 1.94 1.90 1.86 1.81 1.77 1.73 1.68 1.64 1.60 22.01
Principal 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 46.03
Installment 5.91 5.86 5.82 5.78 5.73 5.69 5.65 5.60 5.56 5.52 5.48 5.43 68.04
Cl.Bal. 180.28 176.44 172.61 168.77 164.93 161.10 157.26 153.43 149.59 145.76 141.92 138.08

Goloso Bamboo Industry 38

YEAR 5
Month----> 1 2 3 4 5 6 7 8 9 10 11 12
Op.Bal. 138.08 134.25 130.41 126.58 122.74 118.91 115.07 111.23 107.40 103.56 99.73 95.89
Interest 1.55 1.51 1.47 1.42 1.38 1.34 1.29 1.25 1.21 1.17 1.12 1.08 15.79
Principal 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 46.03
Installment 5.39 5.35 5.30 5.26 5.22 5.17 5.13 5.09 5.04 5.00 4.96 4.91 61.82
Cl.Bal. 134.25 130.41 126.58 122.74 118.91 115.07 111.23 107.40 103.56 99.73 95.89 92.06
YEAR 6
Month----> 1 2 3 4 5 6 7 8 9 10 11 12
Op.Bal. 92.06 88.22 84.39 80.55 76.71 72.88 69.04 65.21 61.37 57.54 53.70 49.86
Interest 1.04 0.99 0.95 0.91 0.86 0.82 0.78 0.73 0.69 0.65 0.60 0.56 9.58
Principal 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 46.03
Installment 4.87 4.83 4.79 4.74 4.70 4.66 4.61 4.57 4.53 4.48 4.44 4.40 55.61
Cl.Bal. 88.22 84.39 80.55 76.71 72.88 69.04 65.21 61.37 57.54 53.70 49.86 46.03
YEAR 7
Month----> 1 2 3 4 5 6 7 8 9 10 11 12
Op.Bal. 46.03 42.19 38.36 34.52 30.69 26.85 23.01 19.18 15.34 11.51 7.67 3.84
Interest 0.52 0.47 0.43 0.39 0.35 0.30 0.26 0.22 0.17 0.13 0.09 0.04 3.37
Principal 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 3.84 46.03
Installment 4.35 4.31 4.27 4.22 4.18 4.14 4.09 4.05 4.01 3.97 3.92 3.88 49.39
Cl.Bal. 42.19 38.36 34.52 30.69 26.85 23.01 19.18 15.34 11.51 7.67 3.84 0.00

Goloso Bamboo Industry 39

 Annexure-VIII
Assessment of Working Capital Requirements
Rs. Lacs
PARTICULARS I II III IV V VI VII
I. CURRENT ASSETS
A. RAW MATERIALS Stock & 25.05 26.64 28.59 28.88 29.17 29.46 29.75
WIP
[As per Annex III (5)]
B. FINISHED GOODS 19.12 19.13 38.43 38.44 38.46 38.47 38.48
[As per Annex II (B) for 0.5 months]
C. SUNDRY DEBTORS 69.00 69.00 70.00 70.00 70.00 70.00 70.00
[As per Annex II (A) for 1.50 months]
D. CASH IN HAND 10.00 15.00 20.00 25.00 27.00 30.00 32.00

TOTAL CURRENT ASSETS 123.17 129.77 157.02 162.32 164.62 167.92 170.23
(D) OTHER CURRENT 27.94 24.86 26.67 26.66 26.92 27.19 27.46
LIABILITIES
[As per Annex III (5) for 2 months]
(E) PROVISION FOR EXPENSES 12.00 12.60 13.23 13.89 14.59 15.32 16.08
[As per Annex V/VI for 1 months]
WORKING CAPITAL 83.24 92.31 117.12 121.77 123.11 125.41 126.68
Working Capital Gap 83.24 92.31 117.12 121.77 123.11 125.41 126.68
STIPULATED NWC 20.81 23.08 29.28 30.44 30.78 31.35 31.67
PBF 62.43 69.24 87.84 91.33 92.33 94.06 95.01
Bank Finance Required 60.00 65.00 80.00 90.00 90.00 90.00 90.00
BANK FINANCE (LOWER OF 2) 60.00 65.00 80.00 90.00 90.00 90.00 90.00
Margin Money For Working 23.24 27.31 37.12 31.77 33.11 35.41 36.68
Capital
NAYAK COMMITTEE
RECOMMENDATION
SALES 549.77 550.04 562.09 562.39 562.70 563.01 563.33
WORKING CAPITAL GAP 137.4429 137.51 140.52 140.598 140.67 140.75 140.8319
MARGIN REQUIRED 27.48859 27.502 28.105 28.1196 28.135 28.15 28.16637
MARGIN AVAILABLE 23.24 27.31 37.12 31.77 33.11 35.41 36.68
MPBF 114.20 110.20 103.40 108.83 107.56 105.34 104.15
says 114.20 110.20 103.40 108.83 107.56 105.34 104.15
Interest @ 13.5%. 6.48 7.02 8.64 9.72 9.72 9.72 9.72

Goloso Bamboo Industry 40

 Annexure- IX
Assumptions

SALES
Sr Rate Per Amoun
Particulars Qty
No Qty t
BOWLS
109200
1 28 mm 20000 546.00 00.00
106060
2 20 mm 37000 286.65 50.00
510825
3 12 mm 35000 145.95 0.00
BOARDS
116928
1 Butchers Block 32000 365.40 00.00
127680
2 Chopping Board APT 2 64000 199.50 00.00
485940
3 Chopping Board APT 1 89000 54.60 0.00
559545
TOTAL SALE 00.00
REVENUE FROM WASTE
BAMBOO REQUIRED PER ANNUM 3570 TONS PER
FROM 3570 TONS 15 % YIELD AND 40 % MOISTURE
FROM REMAINING 45%, 900 TONS TO BE USED FOR BOILER FUEL
(BOILER FUEL= 125 KG PER HR X 24 HRS X 300 DAYS)= 900 TONS
REMAINING (1606.5-900)=706.50 TONS BE SOLD AS 2000 PER 141300
SALE AS A WASTE WASTE @ TON 0.00
573675
TOTAL REVENUE 00.00

Goloso Bamboo Industry 41

 RAW MATERIAL REQUIRED
1 Bamboo
Glue Board
Edge Glue Bamboo Board Required 595 c.m per annum
Density of green bamboo 900 kg per c.m
Total Weight of Bamboo Board 595 c.m X 900 kg
535500
535.5 Tons
Total bamboo required per annum 535.5 X 100/15
(Yield 15 %) 3570 Tons 2700 per tons 9639000.00

2 U.F GLUE (HOT PRESS)

0.8 KG REQUIRED FOR 1 SQ.M
THAT IS 45 KG GLUE REQUIRED FOR 1 C.M (0.8 x 56)
SO GLUE REQUIRED PER
ANNUM ( 45 kg x 595 c.m) 75 basic price per kg
27 tons 9.375 12.5 % vat
1.5 2 % cst
85.875 total cost
transportation(500
5 0/1000)
90.875 total price per kg
2457000.00

3 EPI GLUE (COLD PRESS)

0.8 KG REQUIRED FOR 1
SQ. M
THAT IS 45 KG GLUE REQUIRED FOR 1 C.M
(0.8 x 56)
SO GLUE REQUIRED PER ( 45 kg x 170
ANNUM CM,BOARD) 100 basic price per kg
7.65 tons 12.5 12.5 % vat
(45 KG x 34 CM,
BOWLS 2 2 % cst
1.5 TONS 114.5 total cost
transportation(500
TOTAL GLUE REQUIRED 9 TONS 5 0/1000)
119.5 total price per kg
1080000.00

Goloso Bamboo Industry 42

 FOOD GRADE COATING
4 OIL
150GMs REQUIRED FOR
PER SQ.M
TOTAL FOOD GRADE OIL ( 10800 SQ.M X
REQUIRED 150GMs)
300 PER
1.62 TONS KG 4860000.00

NITRO CELLULAR
5 LAQUER
30 GMs REQUIRED FOR PER
SQ M
TOTAL NITRO CELLULAR (36540 SQ. Mx 30
LIQUAR GRM)
1000 PER
1.0962 TONS KG 1096200.00

Goloso Bamboo Industry 43

 Exhibit-I
Computation of Break even Level

SN. PARTICULARS I II III IV V VI VII

CAPACITY UTILISATION
A 80% 80% 85% 85% 85% 85% 85%
(%)
B NET SALES 549.77 550.04 562.09 562.39 562.70 563.01 563.33
C VARIABLE OVERHEADS
1.Raw Materials 147.57 147.57 158.36 159.94 161.54 163.16 164.79
2.Labour Cost 91.21 92.12 93.97 95.85 97.76 99.72 101.71
3.Factory overheads 39.58 39.85 44.03 47.69 50.96 54.56 58.52
4.Selling & Distribution Exp. 1.65 1.65 1.69 1.69 1.69 1.69 1.69
5.Freight & Octroi 1.65 1.65 1.69 1.69 1.69 1.69 1.69
Total Variable Overheads 281.66 282.84 299.73 306.85 313.64 320.82 328.40
D CONTRIBUTION (C-B) 268.12 267.20 262.37 255.54 249.06 242.19 234.92
E FIXED OVERHEADS
Fixed Factory overheads 26.39 26.56 29.35 31.79 33.97 36.37 39.02
Administrative Overheads 116.06 111.06 107.20 102.81 97.35 91.90 83.09
CASH FIXED
142.45 137.62 136.55 134.60 131.32 128.27 122.11
OVERHEADS
NON CASH FIXED
F
OVERHEADS
1.Depreciation 111.00 96.41 83.80 72.90 63.46 55.29 48.22
TOTAL FIXED
G 253.45 234.03 220.35 207.50 194.79 183.57 170.32
OVERHEADS (E+F)
H Contribution / Sales ratio 48.77 48.58 46.68 45.44 44.26 43.02 41.70
I BREAK EVEN POINT 76% 70% 71% 69% 66% 64% 62%
=[Total Fixed
Ohds/(Contbn/Capcity)]
CASH BREAK EVEN
J 43% 41% 44% 45% 45% 45% 44%
POINT
=[Cash Fixed
Ohds/(Contbtn/Capcity)]
100 % Capacity sales 687.21 687.55 661.29 661.64 662.00 662.36 662.74
K SALES AT B.E.P. 519.70 481.76 472.09 456.66 440.09 426.73 408.42
L SALES AT CASH B.E.P. 292.09 283.30 292.55 296.23 296.70 298.19 292.80

Goloso Bamboo Industry 44

 Exhibit-II
Calculation of Internal Rate of Return

YEARS CASH FLOW DISCOUNT PRESENT DISCOUNT PRESENT DISCOUNT PRESENT

FACTOR FACTOR 20 FACTOR

VALUE VALUE VALUE
10% % 30 %

1 134.79 0.9091 122.54 0.8333 112.320 0.7692 103.680

2 119.59 0.8264 98.84 0.6944 83.044 0.5917 70.762

3 133.91 0.7513 100.61 0.5787 77.495 0.4551 60.944

4 108.43 0.6830 74.06 0.4822 52.286 0.3501 37.962

5 103.77 0.6209 64.43 0.4018 41.695 0.2693 27.946

6 98.36 0.5645 55.52 0.3349 32.942 0.2071 20.371

7 95.50 0.5132 49.01 0.3045 29.076 0.1883 17.980

565.007 428.858 339.645

COST OF
-667.19 -667.19 -963.08
PROJECT

- -
N.P.V. -102.178
238.327 623.436

I.R.R. 2.50 13.81

(10:20) (20:30)

Goloso Bamboo Industry 45

 Exhibit-III
Pay Back period

1 Rs. in Lacs

Cumulative Total Balance at

Year Cash Flow Cashflow Investment Year end

1 134.79 134.79 963.08 828.29

2 119.59 254.38 963.08 708.70

3 133.91 388.29 963.08 574.79

4 108.43 496.73 963.08 466.35

5 103.77 600.50 963.08 362.58

6 98.36 698.86 963.08 264.22

7 95.50 794.36 963.08 168.72

Pay Back Period…. 5.7299

Goloso Bamboo Industry 46

 Exhibit-IV
Fund Flow Statement

PARTICULARS OPERATING YEARS

1 2 3 4 5 6 7
Opening Cash Balance 0.00 10.00 15.00 20.00 25.00 27.00 30.00
SOURCES
Term Loan from Bank 276.17 0.00 0.00 0.00 0.00 0.00 0.00
SFAC 118.36 0.00 0.00 0.00 0.00 0.00 0.00
E.P.F Grant 295.90 0.00 0.00 0.00 0.00 0.00 0.00
Cash Credit from Bank 60.00 5.00 15.00 10.00 0.00 0.00 0.00
Own Contribution 295.90 0.00 0.00 0.00 0.00 0.00 0.00
Net Profit Before Depreciation 132.79 117.59 131.91 106.43 101.77 96.36 93.50
TOTAL (A) 1179.11 132.59 161.91 136.43 126.77 123.36 123.50
1046.32
1026.43 19.89
APPLICATIONS
Increase in fixed assets 897.22 0.00 0.00 0.00 0.00 0.00 0.00
Pre-operatives 18.00 2.00 2.00 2.00 2.00 2.00 2.00
Increase in working capital 111.21 60.05 34.38 28.89 17.23 10.82 68.50
Repayment of Term Loan-Bank 46.03 46.03 46.03 46.03 46.03 46.03 0.00
Increase in contigency provn. 45.86 0.00 0.00 0.00 0.00 0.00 0.00
Dividends 0.00 0.00 0.00 0.00 0.00 0.00 0.00
SFAC Provision 19.73 19.73 19.73 19.73 19.73 19.73 0.00
INTT TL CONST PERIOD 31.07 6.21 6.21 6.21 6.21 6.21 0.00
Increase investment 0.00 0.00 50.00 25.00 25.00 25.00 25.00
Diff. Due to rounding off…
TOTAL (B) 1169.11 117.59 141.92 111.43 99.77 93.36 91.50

CLOSING BALANCE
[C=A-B] 10.00 15.00 20.00 25.00 27.00 30.00 32.00

As per B/S
control 10.00 15.00 20.00 25.00 27.00 30.00 32.00

Goloso Bamboo Industry 47

 Exhibit-V
Calculation of Ratio

(A) CURRENT RATIO

TOTAL CURRENT ASSETS (A) 161.14 223.71 265.53 300.07 320.26 335.08 406.62
TOTAL CURRENT LIABILITIES
Current Liabilities 27.94 24.86 26.67 26.66 26.92 27.19 27.46
Provisions & Other Liabilities 12.00 12.60 13.23 13.89 14.59 15.32 16.08
Cash credit limit from bank 60.00 65.00 80.00 90.00 90.00 90.00 90.00
TOTAL CURRENT LIABILITIES (B) 99.94 102.46 119.90 130.55 131.51 132.51 133.55
CURRENT RATIO…. (A/B) 1.61 2.18 2.21 2.30 2.44 2.53 3.04
(B) DEBT/ EQUITY RATIO
DEBT
TERM LOAN-BANK 230.14 184.11 138.08 92.06 46.03 0.00 0.00
TOTAL DEBT(A) 230.14 184.11 138.08 92.06 46.03 0.00 0.00
EQUITY
PAID UP CAPITAL 295.90 295.90 295.90 295.90 295.90 295.90 295.90
UNSECURED LOANS(QUASI EQUITY) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
RESERVES & SURPLUS 21.79 42.97 91.08 124.62 162.93 203.99 249.28
LESS: Preliminary & Pre-op.exp.& Cont. 63.86 61.86 59.86 57.86 55.86 53.86 51.86
TANGIBLE NET WORTH (B) 253.82 277.00 327.12 362.65 402.96 446.03 493.31
DEBT EQUITY RATIO (A/B) 0.91 0.66 0.42 0.25 0.11 0.00 0.00
(C) TOL/ TNW RATIO
TOTAL DEBT
TERM LOAN-BANK 230.14 184.11 138.08 92.06 46.03 0.00 0.00
CASH CREDIT LIMIT 60.00 65.00 80.00 90.00 90.00 90.00 90.00
TOTAL DEBT(A) 290.14 249.11 218.08 182.06 136.03 90.00 90.00
EQUITY
PAID UP CAPITAL 295.90 295.90 295.90 295.90 295.90 295.90 295.90
UNSECURED LOANS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
RESERVES & SURPLUS 21.79 42.97 91.08 124.62 162.93 203.99 249.28
LESS: Preliminary & Pre-op.exp.& Cont. 63.86 61.86 59.86 57.86 55.86 53.86 51.86
TANGIBLE NET WORTH (B) 253.82 277.00 327.12 362.65 402.96 446.03 493.31
TOL/ TNW RATIO (A/B) 1.14 0.90 0.67 0.50 0.34 0.20 0.18
NET WORKING CAPITAL MARGIN 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Goloso Bamboo Industry 48