Tanshir Shipping Annexure- 1

Estimated cost of the project

Size of the Vessel Size= 70.0m x 10.67m x 5.0m
Total Amount Investment
Owners
In US $ In Taka Bank Loan
Equity
Construction Cost
Dock yard Charge,

Block and base preparation,

Fabrication(Labor) Charge

Pipe and Valu fitting

Out Fitting(Bollard, Fair Lead winch Foundation, Anchor, Chain rope fixing)
work,

Pump (G S Pump, Bilge pump, Fireump) foundation and

fitting,

Main engine and generator foundation and alignment work(Tow sets),

Engine shaft and steering fitting works,

Sand blasting(Up to load water line),

Gas Grinding stone

Electricity Charge
$ - 4,200,000 0 4,200,000
Documentation $ 4,286 300,000 300,000 0

Design Charge up to Approved $ 3,571 250,000 250,000 0

Construction Supervision $ 2,143 150,000 150,000 0

Survey and Registration $ 5,909 413,600 413,600 0

Vat and AIT GRT 940 x 440/- $ 15,909 1,113,600 1,113,600 0
Plant & Machinery

$ 21,690,000 ### 20,028,000 1,498,272,000

Utilities $ 21,690,000 ### 20,028,000 1,498,272,000
Electrical works Navigational Equ. Installtion $ 2,143 150,000 150,000 0

Wood and Carpentry work $ 1,429 100,000 100,000 0

Painting(Labour) $ 4,286 300,000 300,000

Launching $ 4,286 300,000 300,000 0

Vat tax & Miscellanecous Cost $ 357 25,000 25,000 0

Overhead (5%) $ 28,249 1,977,430 1,977,430 0

$ 38,606 2,702,430 2,702,430 0
Other Equipments 0 0
Vehicles 0 0
Computers & other office equipments 0 0

Factory Furnitures & Office Furnishing 0 0

Pre-production expenses-Lisesence 0 0 0 0

MODE OF FINANCE Total $ 21,744,515 ### 23,844,030 1,502,472,000

Equity capital
OWNERS EQUITY 2% 23,844,030
Debt (Bank) 98% ###

TOTAL FIXED COST 100% ###

Working Capital (Funded) 3,079,286

Total Capital Needed ###
Prepared by
Jabedur Rahman
Tanshir Shipping Annexure- 1

Estimated cost of the project

Size of the Vessel Size= 70.0m x 10.67m x 5.0m
Assume Making time-1.5years Total Amount Investment(In taka)
In US $ In Taka Owners Equity Loan

Construction Cost

Dock yard Charge,Block and base preparation,

Fabrication(Labor) Charge Pipe and Valu fitting Out
Fitting(Bollard, Fair Lead winch Foundation, Anchor, $ 60,000 4,200,000 4,200,000 0
Chain rope fixing) work, Pump (G S Pump, Bilge pump,
Fireump) foundation and fitting, Main engine and
generator foundation and alignment work(Tow sets),
Engine shaft and steering fitting works, Sand blasting(Up
to load water line), Gas Grinding stone, Electricity Charge

$ 60,000 4,200,000 4,200,000 0

Documentation
Design Charge up to Approved $ 2,571,429 180,000,000 180,000,000 0

Construction Supervision $ 2,142,857 150,000,000 150,000,000 0

Survey and Registration $ 1,285,714 90,000,000 90,000,000 0

Vat and AIT GRT $ 3,545,143 248,160,000 248,160,000

Vat tax & Miscellanecous Cost $ 214,286 15,000,000 15,000,000 0

$ 9,759,429 683,160,000 683,160,000 0

Plant & Machinery

5% increase during making $ 21,690,000 9,565,290,000 13,028,000 9,552,262,000

$ 21,690,000 9,565,290,000 13,028,000 9,552,262,000

Utilities

Electrical works Navigational Equ. Installtion $ 2,143 150,000 150,000 0

Wood and Carpentry work $ 1,429 100,000 100,000 0

Painting(Labour) $ 4,286 300,000 300,000

Launching $ 4,286 300,000 300,000 0

Vat tax & Miscellanecous Cost $ 357 25,000 25,000 0

Overhead (5%) $ 28,249 1,977,430 1,977,430 0

$ 38,606 2,702,430 2,702,430 0

Others

Computers & other office equipments $ 114,286 8,000,000 8,000,000 0

Ship Furnitures & Office Furnishing $ 71,429 5,000,000 5,000,000 0

Pre-shipping expenses-Lisesence $ 100,000 7,000,000 7,000,000 0

$ 285,714 20,000,000 20,000,000 0

TOTAL PROJECT COST $ 31,833,749 10,275,352,430 723,090,430 9,552,262,000

MODE OF FINANCE
Equity capital
OWNERS EQUITY 7% 723,090,430 $ 10,329,863
Debt 93% 9,552,262,000 $ 136,460,886

TOTAL FIXED COST 100% 10,275,352,430 $ 146,790,749

Working Capital (Funded) 3,079,286 $ 43,990
Total Capital Needed 10,278,431,716 $ 146,834,739
 Prepared by
Jabedur Rahman
Tanshir Shipping
Annexure- 2
Documentation

Size of the Vessel Size= 70.0m x 10.67m x 5.0m

Designing, on site Servicing fee
ITEM DESCRIPTIONS AMOUNT
In Taka

1 Design Charge up to Approved US$428,571 30,000,000

2 US$357,143 25,000,000
Construction Supervision
3 US$214,286 15,000,000
Survey and Registration.
4 US$590,857 41,360,000
Vat and AIT GRT
5 US$35,714 2,500,000
Vat tax & Miscellanecous Cost

Total US$1,626,571 113,860,000

For 10 noes US$1,626,571 113,860,000
For 60 noes US$9,759,429 683,160,000
Prepared by
Jabedur Rahman
0
Tanshir Shipping Annexure- 3

ESTIMATED ANNUAL COST OF RAW MATERIALS

Total cost of
Products Contract Cost in TK
per shipping

3% commission to
Per Ship Oil Maintainess Others Total cost
employ

Shipping 60,000,000 25000000 1,800,000 2,000,000 1,500,000 30,300,000

Total 60,000,000 30,300,000

Notes:

Prepared by
Jabedur Rahman
Tanshir Shipping Annexure- 4

ESTIMATED ANNUAL SALES

At 100%
Average Annual Sales (at 100% capacity)
Capacity
Products
in TK Yearly Sales In USD $

Shipping 300,000,000 1 300,000,000 $ 4,285,714

Total 300,000,000 300,000,000 $ 4,285,714

Estimated Working Capital

In One Month In Tk In USD $
Cost per shipping 60,600,000 3 months 181,800,000 $ 2,597,143
Ship & Admin. Exp 9,000,000 3 months 27,000,000 $ 385,714
Salary and wages 2,250,000 3 months 6,750,000 $ 96,429
11,250,000 215,550,000 $ 3,079,286

Prepared by
Jabedur Rahman
Tanshir Shipping Annexure- 5
plant & mahcinery schedule

Ass
Part A The equipment of raw material treatment, shaping and loading
ITEM DESCRIPTIONS CAPACITY
1 M S Plares & Angle
2 Pipe and valve fitting
3 Wood Accom. Panching etc
4 Steel Hatch Cover
5 Electrical equipment(Panel board, Switch etc)
6 Main Engines(China Marine) 500 HP Engines
7 Generator(30KVA), Pumps Alternator
8 Outfitting (Bollard, Doors, Windows, Chain, Fair lead Ect)
9 Hydraulic Steering System
10 Catholic Protection(Zinc Anode)
11 Paint
12 Welding Rod
13 Mooring Equipment(Winch, rope,wire)
14 Navigational & Saftey equipments
15 Shafting & Propeller , Workshop Charge

Total
Cost of material may increase 5% during Making

Total
For 10 noes
For 60 noes

Prepared by
Jabedur Rahman
Tanshir Shipping Annexure- 6
Calculation of total cost of Ship
Item Rate Amount

Construction Cost 4,200,000

Documentation 683,160,000

Plant & Machinery 9,565,290,000

Gas generator, Airconditioning & others 2,702,430

Total Cost 10,255,352,430

Cost-Salvage valu
DEPRECIATION =
Life
Salvage Valu=10,000,000
Tanshir Shipping Annexure- 7
Income Statement
1ST Year 2ND Year 3RD Year 6TH Year Forecast Forecast
Particulars Taka In USD $

Sale proceeds 300,000,000 300,000,000 180,000,000 180,000,000 3,600,000,000 $ 51,428,571

Cost per shipping 60,600,000 60,600,000 90,900,000 90,900,000 727,200,000 $ 10,388,571
Wages & salaries 2,250,000 2,250,000 2,250,000 2,250,000 1,168,500 $ 16,693
Spares & consumables 10,000 10,000 10,000 10,000 120,000 $ 1,714
Depreciation 42,863,968 42,863,968 42,863,968 42,863,968 514,367,622 $ 7,348,109

Total cost of goods sold 105,723,968 105,723,968 136,023,968 136,023,968 1,242,856,122 $ 17,755,087

Gross profit 194,276,032 194,276,032 43,976,032 43,976,032 2,357,143,879 $ 33,673,484

Ship & Admin. Exp.-3% on shipping 9,000,000 9,000,000 5,400,000 5,400,000 108,000,000 $ 1,542,857

Operating Profit 185,276,032 185,276,032 38,576,032 38,576,032 2,249,143,879 $ 32,130,627

Financial Expenses :-
Interst 2% 15,920,437 15,920,437 15,920,437 15,920,437 191,045,240 $ 2,729,218

Net profit before taxes 169,355,595 169,355,595 22,655,595 22,655,595 2,058,098,639 $ 29,401,409

Prepared by
Jabedur Rahman
Tanshir Shipping Annexure- 9
Sensitivity Analysis-
Assumptions: Revenue decrease by 5%

1ST Year 2ND Year 3RD Year 6TH Year Forecast Forecast
Particulars Taka In USD $

Sale proceeds 285,000,000 285,000,000 171,000,000 171,000,000 3,420,000,000 $ 48,857,143

Cost of raw materials 60,600,000 60,600,000 90,900,000 90,900,000 727,200,000 $ 10,388,571
Wages & salaries 2,250,000 2,250,000 2,250,000 2,250,000 1,168,500 $ 16,693

Spares & consumables 10,000 10,000 10,000 10,000 120,000 $ 1,714

Depreciation 42,863,968 42,863,968 42,863,968 42,863,968 514,367,622 $ 7,348,109

Total cost of goods sold 105,723,968 105,723,968 136,023,968 136,023,968 1,242,856,122 $ 17,755,087

Gross profit 179,276,032 179,276,032 34,976,032 34,976,032 2,177,143,879 $ 31,102,055

Ship & Admin. Exp.-5% on shipping 14,250,000 14,250,000 8,550,000 8,550,000 171,000,000 $ 2,442,857

Operating Profit 165,026,032 165,026,032 26,426,032 26,426,032 2,006,143,879 $ 28,659,198

Financial Expenses :-
Interst 2% 15,920,437 15,920,437 15,920,437 15,920,437 191,045,240 $ 2,729,218

Net profit before taxes 149,105,595 149,105,595 10,505,595 10,505,595 1,815,098,639 $ 25,929,981

Prepared by
Jabedur Rahman
Tanshir Shipping
Annexure-10
Sensitivity Analysis-
Assumptions: Revenue decrease by 10%

1ST Year 2ND Year 3RD Year 6TH Year Forecast Forecast
Particulars Taka In USD $

Sale proceeds 270,000,000 270,000,000 162,000,000 162,000,000 3,240,000,000 $ 46,285,714

Cost of raw materials 60,600,000 60,600,000 90,900,000 90,900,000 727,200,000 $ 10,388,571
Wages & salaries 2,250,000 2,250,000 2,250,000 2,250,000 1,168,500 $ 16,693

Spares & consumables 10,000 10,000 10,000 10,000 120,000 $ 1,714

Depreciation 42,863,968 42,863,968 42,863,968 42,863,968 514,367,622 $ 7,348,109

Total cost of goods sold 105,723,968 105,723,968 136,023,968 136,023,968 1,242,856,122 $ 17,755,087

Gross profit 164,276,032 164,276,032 25,976,032 25,976,032 1,997,143,879 $ 28,530,627

Ship & Admin. Exp.-5% on shipping 8,100,000 8,100,000 4,860,000 4,860,000 162,000,000 $ 2,314,286

Operating Profit 156,176,032 156,176,032 21,116,032 21,116,032 1,835,143,879 $ 26,216,341

Financial Expenses :-
Interst 2% 15,920,437 15,920,437 15,920,437 15,920,437 191,045,240 $ 2,729,218

Net profit before taxes 140,255,595 140,255,595 5,195,595 5,195,595 1,644,098,639 $ 23,487,123

Prepared by
Jabedur Rahman
Tanshir Shipping Annexure-11
CASH FLOW STATEMENT

PARTICULARS 1ST Year. 2nd Year. 3rd Year. 6th Year. Forecast Taka Forecast In USD $

Inflow
Net Profit 169,355,595 169,355,595 22,655,595 22,655,595 2,058,098,639 $ 29,401,409
Depriciation and Interest 58,784,405 58,784,405 58,784,405 58,784,405 705,412,862 $ 10,077,327

Total Inflow 228,140,000 228,140,000 81,440,000 81,440,000 2,763,511,500 $ 39,478,736

Outflow
Principal Amount 42,813,968 42,813,968 42,813,968 42,813,968 513,767,622 $ 7,339,537
Interest (Financial Expenses) 15,920,437 15,920,437 15,920,437 15,920,437 191,045,240 $ 2,729,218

Total Cash out flow 58,734,405 58,734,405 58,734,405 58,734,405 704,812,862 $ 10,068,755

Excess/(Deficit) 169,405,595 169,405,595 22,705,595 22,705,595 2,058,698,639 $ 29,409,981

Cumulative Total - 338,811,190 361,516,785 384,222,380 2,442,921,018 $ 34,898,872

Prepared by
Jabedur Rahman
Tanshir Shipping Annexure-11
CASH FLOW STATEMENT

PARTICULARS 1ST YEAR. 2nd YEAR. 3rd YEAR. 4th YEAR. Forecast Taka Forecast In USD $
Inflow
Net Profit 2,058,098,639 2,058,098,639 2,058,098,639 2,058,098,639 2,058,098,639 $ 29,401,409
Depriciation and Interest 705,412,862 705,412,862 705,412,862 705,412,862 705,412,862 $ 10,077,327

Total Inflow 2,763,511,500 2,763,511,500 2,763,511,500 2,763,511,500 2,763,511,500 $ 39,478,736

Outflow
Principal Amount 513,767,622 513,767,622 513,767,622 513,767,622 513,767,622 $ 7,339,537
Interest (Financial Expenses) 15,920,437 15,920,437 15,920,437 15,920,437 191,045,240 $ 2,729,218

Total Cash out flow 529,688,058 529,688,058 529,688,058 529,688,058 704,812,862 $ 10,068,755

Excess/(Deficit) 2,233,823,442 2,233,823,442 2,233,823,442 2,233,823,442 2,058,698,639 $ 29,409,981

Cumulative Total - 4,467,646,884 6,701,470,326 8,935,293,767 10,993,992,406 $ 157,057,034

Prepared by
Jabedur Rahman
Tanshir Shipping Annexure-12

Salvage / Residual Value : Taka

Ship 10,000,000
Total : 10,000,000

Year CFBT DEP EBT Tax@ 10% EAT NCB PVF @ 15% NPV
a b c=(a-b) d e=(c-d) f=(b+e) g h=(f*g)
1 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.870 2,058,991,065
2 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.756 1,789,192,235
3 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.658 1,557,259,909
4 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.572 1,353,727,459
5 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
6 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
7 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
8 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
9 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
10 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
11 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
12 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
13 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
14 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
15 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
16 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
17 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
18 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
19 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
20 2,572,466,260 514,367,622 2,058,098,639 205809864 1,852,288,775 2,366,656,396 0.497 1,176,228,229
20 10,000,000 10,000,000 0.497 4,970,000

Total 51,459,325,200 37,045,775,493 47,343,127,923 25,583,792,330

CFAT/EAT= CFAT/Years 1,852,288,775

NCB= Total/Year 9,468,625,585

Pay Back period(PBP)= A+(NCO-C)/D A= The year where cumulitive NCB is nearer to NCO
C= Cumilitive NCB of the Year A
D= Succeeding year's NCB of the year A
NCO-Net Cash outlay= 10,278,431,716

Pay Back period(PBP)

= 4.3

Accounting rate of return(ARR )=(Average EAT / Average Investment)*100

Accounting rate of return(ARR )= 18.02 %

Internal rate of return=
C
A+-------------*(B-A)
C-D
A= Lower discount rate =
B= Higher discount rate =
C= NPV at lower rate =
D= NPV at higher rate=

df= NCO/NCB 1.1

In annuaity table 3.3 lies between 20% to 30%

A= 20%
B= 30%
Year NCB PVF @ 20% PV PVF @ 30% PV
a b c=(a*b) d f=(a*d)
1 2,572,466,260 0.833 2,142,864,395 0.769 1,978,226,554
2 2,572,466,260 0.694 1,785,291,584 0.592 1,522,900,026
3 2,572,466,260 0.579 1,489,457,965 0.455 1,170,472,148
4 2,572,466,260 0.482 1,239,928,737 0.350 900,363,191
5 2,572,466,260 0.402 1,034,131,437 0.269 691,993,424
 5 70,711,567 0.402 28,426,050 0.269 19,021,412

Total PV 7,720,100,167 6,282,976,755

Less NCO 10,278,431,716 10,278,431,716
C= -2,558,331,548 D= -3,995,454,961

Internal rate of return(IRR)= 19.82 %

Prepared by
Jabedur Rahman
Cum. NCB
i=f+
2,366,656,396
4,733,312,792
7,099,969,188
9,466,625,585
11,833,281,981
14,199,938,377
16,566,594,773
18,933,251,169
21,299,907,565
23,666,563,962
26,033,220,358
28,399,876,754
30,766,533,150
33,133,189,546
35,499,845,942
37,866,502,338
40,233,158,735
42,599,815,131
44,966,471,527
47,333,127,923