N K BHAGAT & CO

Chartered Accountants

PROJECT REPORT

OF

M/S MANIRAJ INDUSTRIES

Proprietor: Smt. Rinku Devi

PAN: BIZPD9519D

Address: Kushwaha Nagar, Balua Tal, Motihari 845401

Mobile: 7798969933, 8208181049
Email: navneetkrbhagat@gmail.com
 INDEX
S. No. Particulars Page No.
1 Brief Profile of The Project 2
2 Introduction 2
3 Products & Its Application 3
4 Industry Lookout / Trend 3
5 Market Potential & Strategy 4
6 Basis & Presumptions 4
7 Technical Aspects
i) Raw Material 5
ii) List of Machinery Required 5
iii) Manpower Requirement 6
iv) Manufacturing Process 6
v) Quality Control & Standard 7
vi) Production Capacity 7
vii) Implementation Schedule 7
8 Financial Aspects
A. Fixed Investment
i) Land & Building 7
ii) Machinery & Equipment 8
iii) Other Fixed Assets 8
iv) Total Fixed Investment 9
B. Working Capital
i) Production Cost 9
ii) Salary & Wages 9
iii) Utilities (Power & Fuel) 9
iv) Other Contingent Expense 10
v) Total Recurring Expenditure 10
vi) Working Capital Requirement 10
C. Total Capital Investment 10
D. Means of Finance 10
E. Financial Analysis 11-15
F. Ratio Analysis 16-18
G. Repayment Schedule 19-20
1. BRIEF PROFILE OF THE PROJECT

Name of Business : M/s Maniraj Industries

Vill- Bijbani, Tola- Kachaharia Tola, Panch
Address : Bijbani East, Block- Bankatwa, Bihar
Area of Operation : Packaged Drinking Water

PAN : BIZPD9519D
GSTIN : 10BIZPD9519D

Proprietor Details
-Name : Rinku Devi
Near Nagina Tea Gali, Koluharwa, Ward No 4
-Residence : , Motihari 845401
-Residential Property Type : Owned

Infrastructure facilities
-Space : XXX sq feet
-Connectivity : Well connected with road
Vill- Bijbani, Tola- Kachaharia Tola, Panch
-Location : Bijbani East, Block- Bankatwa, Bihar
-Electricity & Water : Yes

2. INTRODUCTION
It is needless to mention that water, a compound of hydrogen and oxygen is a precious
natural gift which is very essential for survival of mankind including animals. The water
used for portable purposes should be free from undesirable impurities. The water
available from untreated sources such as Well, Boreholes and Spring is generally not
hygienic and safe for drinking. Thus it is a desirable and necessary to purify the water
and supply under hygienic conditions for human drinking purpose as the name implies.
The mineral water is the purified water fortified with requisite amounts of minerals such
as barium, iron, manganese etc., which can absorbed by human body. It is either
obtained from natural resources like spring and drilled wells or it is fortified artificially
by blending and treating with mineral salts. The mineral water shall be manufactured
and packed under hygienic conditions sin properly washed and cleaned bottles in
sterilized conditions.

2
3. PRODUCTS & ITS APPLICATION

Bottled water is drinking water (e.g., well water, distilled water, mineral water, or spring
water) packaged in plastic or glasswater bottles. Bottled water may be carbonated or not.
Sizes range from small single serving bottles to large carboys for water coolers. As well
now; new concept of flavored bottled water also penetrating good market share. Such
waters are classified as: 1) Artesian Water: water contained within an artesian basin;
2)Fluoridated: contains added fluorine, 3) Ground Water: from underground sources,
4) Mineral Water: either from mineral spring or fortified with mineralsBarium, Iron,
Manganese etc. in quantity absorbed by human body; 5) Purified Water: produced by
distillation, deionization, reverse osmosis, or other suitable processes. Purified water
may also be referred to as "de-mineralized water"; 6) Sparkling Water: contains some
amount of carbon dioxide, 7) Spring Water: water flows on earth from underground
natural water source; 8) Sterile Water: Water totally sterilized for specific uses.

4. INDUSTRY LOOKOUT / TREND

The bottled water industry in India witnessed a boom in the late 1990s soon after
BISLERI launched its packaged drinking water in the country. It is increasingly
becoming difficult to have safe drinking water from normal supply in many parts of the
country. Therefore people are searching for processed water with less TDS and bacteria
free. As it is being considered as healthy compare to tap water or other water sources,
the people conscious about health are opt for bottled water. Besides that it is easy and
convenient to buy and keep during travelling or other occasions. These are the key
reasons for boost of bottled water market in India and elsewhere.

As per the report published by ResearchAndMarket.com, the Bottled Water Market is

expected to reach Rs. ~403.06 Bn by the end of the year 2023 as compared to Rs. ~160
Bn in 2018, expanding at a compound annual growth rate (CAGR) of ~20.75%. Based
on volume, the market is likely to reach ~35.53 Bn liters by 2023, expanding at a CAGR
of ~18.25% from 2018 to 2023.

The future of this industry is very bright.

3
5. MARKET POTENTIAL & STRATEGY

India accounts for ~18% of the global population. In addition, the per-capita income of
Indians witnessed a growth of ~8.6% in 2017. Moreover, increased awareness among
the growing population about the importance of safe drinking water for maintaining
good health, along with a sharp rise in per capita income is creating a demand for
bottled water in India.

Further, tourists prefer bottled water to normal tap water. The rate of foreign tourists in
India is expected to increase at a rate of ~6.7% during 2015-2025. This, in turn, is
anticipated to boost the sale of bottled water in India

In India, bottled water is sold in four main types of SKUs - one-liter bottles, two-liter
bottles, 500 milliliter bottles, 250 milliliter bottles, pouches, and barrels of 15-20 liters.
Among the different SKUs, one-liter bottles have acquired the largest market share
of ~42% in 2018, followed by 500 milliliter bottles and 250 milliliter bottles.

Flavored bottled drinking water has become popular in India. Different kinds of
flavored water containing fruit essence and artificial sweeteners like soda, juice, and
other sweetened beverages often act as a substitute to plain bottled water. At times
consumers prefer flavored bottled water to normal bottled water. This shift is developing
an opportunity to expand the product line of bottled water manufacturers in India.

Apart from individual sales, market players in India have recently inclined towards
institutional sales through partnership with airlines, movie theatres, and hotels. Such
partnerships are eventually increasing the penetration of the product in the market,
followed by rise in the overall sales volume in India.

6. BASIS & PRESUMPTIONS

I. This project is based on single shift basis and 300 working days in a year.
II. The cost of machinery & equipment /materials indicated refer to a particular
make and the prices are as per the quotation provided by Success Water
Treatment, Ahmedabad.
III. The cost of packaging, forwarding etc. and installation, electrification of
machinery is taken @ 15%, non-refundable deposits, project cost, trial
production, fees etc. are considered under pre-operative expenses.
4
 IV. Depreciation has been taken as an –
a) On building @ 10%
b) On machinery & equipment @ 15%
c) On office furniture & fixture @ 10%
V. Interest on total capital investment has been taken @ 11% per annum.
VI. Minimum 30% of the total investment is required as margin money.
VII. Payback period of the project will be 7 years, with monthly installments.
VIII. Break-even point has been calculated at the full capacity utilization.

7. TECHNICAL ASPECTS
i) Raw Material
Adequate & proper quality water will be made available from the XX ft. borewell.
ii) List of machinery Required and their uses
SN Particulars Purpose Qty
1 Raw Water pump (2HP) For boosting raw water up to sand filter 1
2 Pressure Sand Filter For removing >50 Micron dusts & 1
other suspended Particles
3 Carbon Media Filter For removing color, odor, chlorine 1
Particles
4 Micron Cartridge Filter For Removing >5 Micron Suspended 3
Particles
5 Antiscalent Dosing pump Scaling Resistance for Membrane and 1
increase Membrane Life
6 Low & High Pressure To maintain pressure reduction 1
Switch
7 High Pressure Pump 1
(7.5HP)
8 Membrane To remove physical and chemical 6
impurities in terms of total dissolved
solids up to 90 to 95%.
9 R.O. Module 1
10 S.S. Storage Tank used for Product water storage 1
11 Transfer Tank Used for forward first tank water to 1
second tank
12 Post Micron Cartridge 3
Filter
13 Ultra Voilet System To deactivate bacteria strength 1
14 Ozonator System To Increase shelf life of treated water 1
by adding ozone

5
 15 Transfer Pump Used for circulating ozone in second 1
tank
16 Oxygen Booster 1
17 S.S. Storage Tank Tank is used for Ozone 1
18 Electric Panel To Control All Instruments 1
19 Flow Meter 2
20 Pressure Gauge To maintain pressure 6
21 Fully Auto Bottling For bottling purpose 1
Machine
22 Digital Batch Coding For printing of batch code 1
Machine
23 Blow Moulding Machine To air blow the compressed bottle 1
24 Water Chiller (5 TON) 1
25 Jar Washing Machine To wash 20 Ltr jar 1
26 Added Mineral Technology To add Minerals In Filtered Water 1
27 Shrink Wrapping Machine For packaging 1

iii) Manpower Requirement

Manpower Person Required
Technical Staff 2
Adm. Staff 2
Marketing Staff 2
Labour 6
Total 12

iv) Manufacturing Process

Raw water to be processed is collected in tanks. A known quantity is pumped into
the above tank where the water is dozed with alum for coagulation with heavy
metals or insoluble matters. The water after coagulation is allowed to settle for an
hour. The impurities may be removed by Reverse Osmosis techniques also.. The
water is then passed through sand filters for trapping of un-dissolved impurities. The
water after sand filtration is passed through Carbon filters for removal of odour,
colour and also for de-chlorination. It is then passed through series of micro fillers
comprising 5 micron, 1 micron and 0.4 micron filter followed by ultraviolet
disinfection system for terminal disinfection. Packing is done in PET bottles of 1
litre capacity through an automatic rinsing, filling, and capping machine fitted with
an Ozone generator. The bottles after capping are batch coded and then shrink
wrapped one dozen each.

6
 v) Quality Control & Standard
The plain drinking water will be bottled in pet bottle as per IS:14543:2004.

vi) Production Capacity

Installed Capacity 6000 Ltr/Hr OR 1,20,000 Ltr/ Day OR
3.60 Crore Bottle (1 litre)
Initial Production 15,000 Ltr/ Day
Annual Production (300 days) 45 lakh bottle (1litre)

vii) Implementation Schedule

Month
Project Stage
JUL AUG SEP OCT NOV DEC JAN
Purchase of Land And
Boundry
Completion of Building
Ordering of Machinery
Delivery of Machinery
Term/Wkg Loan Sanction
Installation of Machinery
Commissioning of Plant
Rm/Inputs Procurement
Manpower Appointments
Commercial Production

8. FINANCIAL ASPECTS
A. FIXED INVESTMENT
i) Land & Building
Particulars Area Amount
Land 45ft X 220ft Rs. 20,00,000/-
Boundary Wall and Civil
Rs.10,00,000/-
work on gate etc.
Building
Raw Material Storage,
Packaging Material Storage,
Machinery, Spare parts, Store Rs. 50,00,000/-
Finished Goods, Office,
Quality Control Lab. Toilet,
electrical Switch Room and
misc.
Total Rs. 80,00,000/-
7
ii) Machinery & Equipment
Machinery Qty. MWP – 6000 LPH
WATER TREATMENT PLANT
Mineral Water Plant SS 316 1
Rs. 10,50,000/-
Added Mineral 1
Oxygen Booster 1 Rs. 70,000/-
PACKING MACHINES
Fully Auto Bottling Machine 90 BPM 1 Rs. 15,50,000/-
Batch Coding Machine 1 Rs. 1,90,000/-
Shrink Wrapping Machine 1 Rs. 2,50,000/-
Blow Molding Machine 1800-2200 BPH 1 Rs. 13,00,000/-
BOBP Hot Labeling 1 Rs. 12,50,000/-
Mold 200 ml 500 ml, 1000 ml, 2000 ml 1 Rs. 1,00,000/-
Pet Jar Washing Machine 1 Rs. 40,000/-
5 Ton Water Chiller (With Pump) 1 Rs. 1,30,000/-
ISI Laboratory 1 Rs. 2,50,000/-
Total Rs. 61,80,000/-
Discount Rs. 7,10,000/-
GST @ 18% Rs. 9,84,600/-
Total Machinery & Packaging Cost Rs. 64,54,600/-
INSTALLATION & OTHER COST
Transportation
SS Piping Work Rs. 10,00,000/-
Plumbing and Electrical Work (Approx. 15%)
Consultation & Installation
ISI License Fee & Testing Fee Rs. 3,00,000/-
Grand total Rs. 78,54,600/-

iii) Other Fixed Assets

Particulars Amount
Cost of furniture, Furnishing and official accessories Rs. 15,00,000/-
Cost of Deep Bore Tubewell for Water Reservoir Rs. 3,00,000/-
Security Deposit to electricity Deptt. Etc. Rs. 1,00,000/-
Preliminary & Pre-operative expenses including
GST & FASSAI Registration, Trademark, Project
Rs. 2,00,000/-
Preparation, Travelling Expenses, Interest during
construction period, Start-up Expenses etc.
Delivery Van & Contingency etc Rs. 10,00,000/-
Total Rs. 31,00,000/-

8
 iv) Total Fixed Investment
S.No. Particulats Amount
1 Land & Building Rs. 80,00,000/-
2 Plant & Machinery Rs. 78,54,600/-
3 Other Fixed Assets Rs. 31,00,000/-
Total Rs. 1,89,54,600/-

B. WORKING CAPITAL (P.M.)

i) Production Cost (Excluding wages)
S.No. Item Qty.(MT) Rate Value
PET / PVC Bottled 3.75 lakh Rs. 2.85/- Rs. 10,68,750/-
1. including cap labels Bottles of 1
etc. lit. size
Cost of RO water 3.75 lakh Rs. 0.02/- Rs. 7,500/-
2. litre

Packaging Rs. 0.55/- Rs. 2,06,250/-

3. (Corrugated Boxes,
Strips, Tape etc.) &
Transportation Cost
4. Misc. Cost Rs. 0.10/- Rs. 37,500/-
5. Interest Cost Rs. 0.40/- Rs. 1,50,000/-
Total Rs. 3.92/- Rs. 14,70,000/-

ii) Salary & Wages

SN Designation No Rate Value
1 Marketing-cum-Purchase 1 Rs. 12,000/- Rs. 12,000/-
Manager
2 Accountant-cum-Operator 1 Rs. 10,000/- Rs. 10,000/-
3 Chemist-cum-Production 1 Rs. 10,000/- Rs. 10,000/-
Supervisor
4 Sales Person 2 Rs. 15,000/- Rs. 30,000/-
5 Skilled Workers 1 Rs. 8,000/- Rs. 8,000/-
6 Un-skilled Workers 4 Rs. 5,000/- Rs. 20,000/-
7 Sweeper 1 Rs. 3,000/- Rs. 3,000/-
8 Watchman 1 Rs. 4,000/- Rs. 4,000/-
Total Rs. 97,000/-

iii) Utilities (Power & Fuel)

a. Power Electricity & Fuel Rs. 60,000/-

9
 iv) Other Contingent Expense (P.M.)
SN Particulats Amount
1 Postage & Stationery Rs. 1,000/-
2 Telephone/Fax charges Rs. 5,000/-
3 Consumable Stores Rs. 5,000/-
4 Repairing & Maintenance Rs. 10,000/-
5 Conveyance Rs. 4,500/-
6 Advertisement & Publicity Rs. 15,000/-
7 Insurance & Taxes Rs. 4,500/-
8 Sales Expenses Rs. 15,000/-
9 License & other fees Rs. 2,500/-
10 Miscellaneous Expenses Rs. 3,000/-
Total Rs. 65,500/-

v) Total Recurring Expenditure (P.M.)

S.No. Particulats Amount
1 Production Cost Rs. 14,70,000/-
2 Salary & Wages Rs. 97,000/-
3 Utilities (Power & Fuel) Rs. 60,000/-
4 Other Contingent Expense Rs. 65,500/-
Total Rs. 16,92,500/-

vi) Working Capital Requirement for 3 Months

WC Requirement = Rs. 16,92,500/- X 3 = Rs. 50,77,500/-

C. TOTAL CAPITAL INVESTMENT

S.No. Particulars Capital Investment
I Fixed Capital Rs. 1,89,54,600/-
II Working Capital for 3 Months Rs. 50,77,500/-
Total Rs. 2,40,32,100/-
Approx. Rs. 2,40,00,000/-

D. MEANS OF FINANCE
Means Head Amount
Promoter’s Capital (~30%) Rs. 72,00,000/-
Term Loan Rs. 1,32,30,000/-
Working Capital Rs. 35,70,000/-
Total Rs. 2,40,00,000/-

10
 M/S MANIRAJ INDUSTRIES
Prop. Rinku Devi
C/O Vill- Bijbani, Tola- Kachaharia Tola, Panch Bijbani East, Block- Bankatwa, Bihar
TRADING ACCOUNT

Projected Projected Projected Projected Projected Projected

Year ended
PARTICULAR
Year ended on Year ended Year ended on Year ended on Year ended on
on 31.03.2021 31.03.2022 on 31.03.2023 31.03.2024 31.03.2025 31.03.2026
Gross Receipts

Sales Quantity (Ltr) 11,25,000 45,00,000 60,00,000 90,00,000 1,20,00,000 1,50,00,000

Gross Sale (Rs.) 67,50,000 2,70,00,000 3,60,00,000 5,40,00,000 7,20,00,000 9,00,00,000

Total 67,50,000 2,70,00,000 3,60,00,000 5,40,00,000 7,20,00,000 9,00,00,000

Cost of Goods 133.33 150.00 133.33 125.00

Opening Stock - 6,60,000 13,20,000 26,40,000 39,60,000 52,80,000

Direct Expenses
Manufacturing Cost 39,60,000 1,58,40,000 2,11,20,000 3,16,80,000 4,22,40,000 5,28,00,000
Wages 84,000 3,36,000 4,48,000 6,72,000 8,96,000 11,20,000
Power 1,80,000 7,20,000 9,60,000 14,40,000 19,20,000 24,00,000

42,24,000 1,75,56,000 2,38,48,000 3,64,32,000 4,90,16,000 6,16,00,000

Less : Closing Stock 6,60,000 13,20,000 26,40,000 39,60,000 52,80,000 66,00,000

Total 35,64,000 1,62,36,000 2,12,08,000 3,24,72,000 4,37,36,000 5,50,00,000

Gross Profit 31,86,000 1,07,64,000 1,47,92,000 2,15,28,000 2,82,64,000 3,50,00,000

Gross Profit Ratio 47.20 39.87 41.09 39.87 39.26 38.89

11
 M/S MANIRAJ INDUSTRIES
Prop. Rinku Devi
C/O Vill- Bijbani, Tola- Kachaharia Tola, Panch Bijbani East, Block- Bankatwa, Bihar
PROFIT & LOSS ACCOUNT

Projected Projected Projected Projected Projected Projected

Year ended on Year ended on Year ended on Year ended on Year ended on Year ended on
PARTICULAR 31.03.2021 31.03.2022 31.03.2023 31.03.2024 31.03.2025 31.03.2026
Gross Profit
As per Trading Account 31,86,000 1,07,64,000 1,47,92,000 2,15,28,000 2,82,64,000 3,50,00,000

Total 31,86,000 1,07,64,000 1,47,92,000 2,15,28,000 2,82,64,000 3,50,00,000

Cost of Goods 133 150 133 125
Indirect Expenses
To Salary 1,77,000 7,08,000 9,44,000 12,58,667 16,78,222 22,37,630
To Audit Fee 15,000 20,000 27,000 36,000 48,000 64,000
To Bank Charges 60,000 66,000 75,900 87,285 97,759 1,09,490
To Telephone Charges 15,000 60,000 60,000 75,000 75,000 75,000
To Consumable Stores 15,000 60,000 69,000 79,350 88,872 99,537
To Advertisement & Publicity 45,000 1,80,000 2,07,000 4,38,050 4,90,616 5,49,490
To Electricity 10,000 36,000 48,000 64,000 85,333 1,13,778
To Vehicle Running & Maint. 30,000 1,20,000 1,60,000 2,13,333 2,84,444 3,79,259
To Professional Tax 2,500 2,500 2,500 2,500 2,500 2,500
To Misc Exp. 10,000 40,000 53,333 96,111.11 1,28,148 1,70,864
To Printing & Stationery 3,000 12,000 16,000 21,333 28,444 37,926
To Interest to Bank 9,09,349 17,07,561 15,45,148 13,63,941 11,61,767 9,36,197
To Insurance 26,000 26,000 26,000 26,000 26,000 26,000
To Sales Expense 45,000 1,80,000 2,07,000 2,38,050 4,66,616 8,22,610
To License & Other Fees 30,000 30,000 30,000 30,000 30,000 30,000
To Travellingg & Convance 13,500 80,000 1,06,667 1,42,222 2,89,629.63 3,86,173
To Depreciation 10,94,625 20,40,056 17,63,298 15,26,328 13,22,871 13,26,316
To Commission 1,35,000 5,40,000 7,20,000 10,80,000 14,40,000 18,00,000

Total 26,35,974 59,08,117 60,60,846 67,78,171 77,44,224 91,66,769

Income from Other Sources - - - - - -

Net Profit Before Tax 5,50,026 48,55,883 87,31,154 1,47,49,829 2,05,19,776 2,58,33,231
Provision for Tax
Net Profit After Tax 5,50,026 48,55,883 87,31,154 1,47,49,829 2,05,19,776 2,58,33,231
Net Profit Ratio 8.15 17.98 24.25 27.31 28.50 28.70

Cash Accruals 16,44,651 68,95,939 1,04,94,452 1,62,76,157 2,18,42,648 2,71,59,547

(NPAT+Dep+Tax)

12
 M/S MANIRAJ INDUSTRIES
Prop. Rinku Devi
C/O Vill- Bijbani, Tola- Kachaharia Tola, Panch Bijbani East, Block- Bankatwa, Bihar
BALANCE SHEET

Projected Projected Projected Projected Projected Projected

PARTICULAR Year ended on Year ended on Year ended Year ended on Year ended Year ended on
31.03.2021 31.03.2022 on 31.03.2023 31.03.2024 on 31.03.2025 31.03.2026
Capital Account
Opening Capital 72,00,000 77,50,026 1,14,94,084 1,80,45,238 2,91,05,067 4,44,94,843
Add: Net Profit After Tax 5,50,026 48,55,883 87,31,154 1,47,49,829 2,05,19,776 2,58,33,231
Less: Drawing - 11,11,825 21,80,000 36,90,000 51,30,000 90,40,000
77,50,026 1,14,94,084 1,80,45,238 2,91,05,067 4,44,94,843 6,12,88,074
Loan Fund
Term Loan 1,25,83,819 1,11,80,320 96,14,408 78,67,289 59,17,996 37,43,133
Cash Credit 35,70,000 35,70,000 35,70,000 35,70,000 35,70,000 35,70,000
Other - 8,00,000 - - - -

Current Liabilities
Sundry Creditors 3,18,750 15,75,000 18,50,000 22,50,000 26,99,600 42,50,000
Expenses Payable 15,000 50,000 75,000 1,00,000 1,25,000 1,50,000
- - - - - -
Total 2,42,37,595 2,86,69,404 3,31,54,646 4,28,92,356 5,68,07,439 7,30,01,207

Fixed Assets
Fixed Assets 1,88,45,000 1,77,50,375 1,57,10,319 1,39,47,021 2,14,20,693 2,81,87,821
Less: Dep 10,94,625 20,40,056 17,63,298 15,26,328 13,22,871 13,26,316
1,77,50,375 1,57,10,319 1,39,47,021 1,24,20,693 2,00,97,821 2,68,61,505
Investment
Fixed Deposits 20,00,000 20,00,000 26,00,000 55,00,000 40,00,000 50,00,000
Security Amount 1,00,000 1,00,000 1,00,000 1,00,000 1,00,000 1,00,000

Current Assets
Raw Material 6,37,500 25,50,000 34,00,000 51,00,000 68,00,000 85,00,000
Stock In Trade 6,60,000 13,20,000 26,40,000 39,60,000 52,80,000 66,00,000
Sundry Debtors 22,50,000 63,59,125 83,91,825 1,34,51,993 1,82,00,788 2,28,96,411
Other Advance 3,50,000 - 8,50,000 9,50,000 7,50,000 12,75,000
Cash & Bank Balance 4,89,720 6,29,960 12,25,800 14,09,670 15,78,830 17,68,290

Loan & Advances

Advance Tax - - - - - -
GST C/F - - - - - -
Total 2,42,37,595 2,86,69,404 3,31,54,646 4,28,92,356 5,68,07,440 7,30,01,206

- - - - - -

13
 M/S MANIRAJ INDUSTRIES
Prop. Rinku Devi
C/O Vill- Bijbani, Tola- Kachaharia Tola, Panch Bijbani East, Block- Bankatwa, Bihar
SCHEDULE OF FIXED ASSETS AS ON 31.03.2021

Rate WDV As on Addition During Sales / WDV As on

Assets 01.04.2020 the Year Deletion Total Amount Depreciation 31.03.2021
Computer 40 - 50,000.00 - 50,000.00 10,000.00 40,000.00
Water Plant 15 - 83,00,000.00 - 83,00,000.00 6,22,500.00 76,77,500.00
CCTV Camera 15 - 20,000.00 - 20,000.00 1,500.00 18,500.00
Motor Vehicle 15 - 10,00,000.00 - 10,00,000.00 75,000.00 9,25,000.00
UPS & Battery 15 - 25,000.00 - 25,000.00 1,875.00 23,125.00
Generator 15 - 4,50,000.00 - 4,50,000.00 33,750.00 4,16,250.00
Land 0 - 20,00,000.00 - 20,00,000.00 - 20,00,000.00
Building 10 - 60,00,000.00 - 60,00,000.00 3,00,000.00 57,00,000.00
Furniture & Fixture 10 - 10,00,000.00 - 10,00,000.00 50,000.00 9,50,000.00
Total - 1,88,45,000.00 - 1,88,45,000.00 10,94,625.00 1,77,50,375.00

SCHEDULE OF FIXED ASSETS AS ON 31.03.2022

WDV As on Addition During Sales / WDV As on

Rate
Assets 01.04.2021 the Year Deletion Total Amount Depreciation 31.03.2022
Computer 40 40,000.00 - - 40,000.00 16,000.00 24,000.00
Water Plant 15 76,77,500.00 - - 76,77,500.00 11,51,625.00 65,25,875.00
CCTV Camera 15 18,500.00 - - 18,500.00 2,775.00 15,725.00
Motor Vehicle 15 9,25,000.00 - - 9,25,000.00 1,38,750.00 7,86,250.00
UPS & Battery 15 23,125.00 - - 23,125.00 3,468.75 19,656.25
Generator 15 4,16,250.00 - - 4,16,250.00 62,437.50 3,53,812.50
Land 0 20,00,000.00 - - 20,00,000.00 - 20,00,000.00
Building 10 57,00,000.00 - - 57,00,000.00 5,70,000.00 51,30,000.00
Furniture & Fixture 10 9,50,000.00 - - 9,50,000.00 95,000.00 8,55,000.00
Total 1,77,50,375.00 - - 1,77,50,375.00 20,40,056.25 1,57,10,318.75

SCHEDULE OF FIXED ASSETS AS ON 31.03.2023

WDV As on Addition During Sales / WDV As on

Rate
Assets 01.04.2022 the Year Deletion Total Amount Depreciation 31.03.2023
Computer 40 24,000.00 - 24,000.00 9,600.00 14,400.00
Water Plant 15 65,25,875.00 - - 65,25,875.00 9,78,881.25 55,46,993.75
CCTV Camera 15 15,725.00 - - 15,725.00 2,358.75 13,366.25
Motor Vehicle 15 7,86,250.00 - - 7,86,250.00 1,17,937.50 6,68,312.50
UPS & Battery 15 19,656.25 - 19,656.25 2,948.44 16,707.81
Generator 15 3,53,812.50 - - 3,53,812.50 53,071.88 3,00,740.63
Land 0 20,00,000.00 - - 20,00,000.00 - 20,00,000.00
Building 10 51,30,000.00 - - 51,30,000.00 5,13,000.00 46,17,000.00
Furniture & Fixture 10 8,55,000.00 - - 8,55,000.00 85,500.00 7,69,500.00
Total 1,57,10,318.75 - - 1,57,10,318.75 17,63,297.81 1,39,47,020.94

SCHEDULE OF FIXED ASSETS AS ON 31.03.2024

WDV As on Addition During Sales / WDV As on

Rate
Assets 01.04.2023 the Year Deletion Total Amount Depreciation 31.03.2024
Computer 40 14,400.00 - - 14,400.00 5,760.00 8,640.00
Water Plant 15 55,46,993.75 - - 55,46,993.75 8,32,049.06 47,14,944.69
CCTV Camera 15 13,366.25 - - 13,366.25 2,004.94 11,361.31
Motor Vehicle 15 6,68,312.50 - - 6,68,312.50 1,00,246.88 5,68,065.63
UPS & Battery 15 16,707.81 - - 16,707.81 2,506.17 14,201.64
Generator 15 3,00,740.63 - - 3,00,740.63 45,111.09 2,55,629.53
Land 0 20,00,000.00 - - 20,00,000.00 - 20,00,000.00
Building 10 46,17,000.00 - - 46,17,000.00 4,61,700.00 41,55,300.00
Furniture & Fixture 10 7,69,500.00 - - 7,69,500.00 76,950.00 6,92,550.00
Total 1,39,47,020.94 - - 1,39,47,020.94 15,26,328.14 1,24,20,692.80

14
 SCHEDULE OF FIXED ASSETS AS ON 31.03.2025

WDV As on Addition During Sales / WDV As on

Rate
Assets 01.04.2024 the Year Deletion Total Amount Depreciation 31.03.2025
Computer 40 8,640.00 - - 8,640.00 3,456.00 5,184.00
Water Plant 15 47,14,944.69 - - 47,14,944.69 7,07,241.70 40,07,702.98
CCTV Camera 15 11,361.31 - - 11,361.31 1,704.20 9,657.12
Motor Vehicle 15 5,68,065.63 - - 5,68,065.63 85,209.84 4,82,855.78
UPS & Battery 15 14,201.64 - - 14,201.64 2,130.25 12,071.39
Generator 15 2,55,629.53 - - 2,55,629.53 38,344.43 2,17,285.10
Land 0 20,00,000.00 90,00,000.00 - 1,10,00,000.00 - 1,10,00,000.00
Building 10 41,55,300.00 - - 41,55,300.00 4,15,530.00 37,39,770.00
Furniture & Fixture 10 6,92,550.00 - - 6,92,550.00 69,255.00 6,23,295.00
Total 1,24,20,692.80 90,00,000.00 - 2,14,20,692.80 13,22,871.42 2,00,97,821.38

SCHEDULE OF FIXED ASSETS AS ON 31.03.2026

WDV As on Addition During Sales / WDV As on

Rate
Assets 01.04.2025 the Year Deletion Total Amount Depreciation 31.03.2026
Computer 40 5,184.00 60,000.00 - 65,184.00 26,073.60 39,110.40
Water Plant 15 40,07,702.98 10,00,000.00 - 50,07,702.98 7,51,155.45 42,56,547.54
CCTV Camera 15 9,657.12 - - 9,657.12 1,448.57 8,208.55
Motor Vehicle 15 4,82,855.78 - - 4,82,855.78 72,428.37 4,10,427.41
UPS & Battery 15 12,071.39 30,000.00 - 42,071.39 6,310.71 35,760.69
Generator 15 2,17,285.10 - - 2,17,285.10 32,592.77 1,84,692.34
Land 0 1,10,00,000.00 70,00,000.00 - 1,80,00,000.00 - 1,80,00,000.00
Building 10 37,39,770.00 - - 37,39,770.00 3,73,977.00 33,65,793.00
Furniture & Fixture 10 6,23,295.00 - - 6,23,295.00 62,329.50 5,60,965.50
Total 2,00,97,821.38 80,90,000.00 - 2,81,87,821.38 13,26,315.96 2,68,61,505.42

15
 M/S MANIRAJ INDUSTRIES
Prop. Rinku Devi
C/O Vill- Bijbani, Tola- Kachaharia Tola, Panch Bijbani East, Block- Bankatwa, Bihar
STATEMENT SHOWING DSCR

Audited Estimated Projected Projected Projected Projected

Year ended on Year ended on Year ended on Year ended on Year ended on Year ended on
Particulars 31.03.2021 31.03.2022 31.03.2023 31.03.2024 31.03.2025 31.03.2026
Net Profit 5,50,026 48,55,883 87,31,154 1,47,49,829 2,05,19,776 2,58,33,231
Depreciation 10,94,625 20,40,056 17,63,298 15,26,328 13,22,871 13,26,316
Interest on Bank Loan 9,09,349 17,07,561 15,45,148 13,63,941 11,61,767 9,36,197

Total Amount 25,54,000 86,03,500 1,20,39,600 1,76,40,098 2,30,04,415 2,80,95,744

Interest on Bank Loan 9,09,349 17,07,561 15,45,148 13,63,941 11,61,767 9,36,197

Repayment of Loan 20,600 38,524 33,754 28,533 22,824 16,578

Total Amount 9,29,949 17,46,085 15,78,902 13,92,474 11,84,591 9,52,775

DSCR 2.75 4.93 7.63 12.67 19.42 29.49

Average DSCR 12.81

16
 M/S MANIRAJ INDUSTRIES
Prop. Rinku Devi
C/O Vill- Bijbani, Tola- Kachaharia Tola, Panch Bijbani East, Block- Bankatwa, Bihar
STATEMENT SHOWING LIQUIDITY AND PROFITABILITY RATIOS

Audited Estimated Projected Projected Projected Projected

Particulars
Year ended on Year ended on Year ended Year ended Year ended Year ended
31.03.2021 31.03.2022 on 31.03.2023 on 31.03.2024 on 31.03.2025 on 31.03.2026
NET WORTH
TOTAL ASSETS
Fixed Assets 1,77,50,375 1,57,10,319 1,39,47,021 1,24,20,693 2,00,97,821 2,68,61,505
Investment & Advances 21,00,000 21,00,000 27,00,000 56,00,000 41,00,000 51,00,000
Current Assets 37,49,720 83,09,085 1,31,07,625 1,97,71,663 2,58,09,618 3,25,39,701
2,36,00,095 2,61,19,404 2,97,54,646 3,77,92,356 5,00,07,440 6,45,01,206
TOTAL LIABILITIES
Sundry Creditors 3,33,750 16,25,000 19,25,000 23,50,000 28,24,600 44,00,000
Loan From Bank & Other 1,61,53,819 1,55,50,320 1,31,84,408 1,14,37,289 94,87,996 73,13,133
1,64,87,569 1,71,75,320 1,51,09,408 1,37,87,289 1,23,12,596 1,17,13,133
NET WORTH 71,12,526 89,44,084 1,46,45,238 2,40,05,067 3,76,94,844 5,27,88,073

GROSS PROFIT
Turnover 67,50,000 2,70,00,000 3,60,00,000 5,40,00,000 7,20,00,000 9,00,00,000
Cost of Goods Sold
Opening Stock - 6,60,000 13,20,000 26,40,000 39,60,000 52,80,000
Purchase & Direct Expenses 40,44,000 1,61,76,000 2,15,68,000 3,23,52,000 4,31,36,000 5,39,20,000
Less Closing Stock (6,60,000) (13,20,000) (26,40,000) (39,60,000) (52,80,000) (66,00,000)
33,84,000 1,55,16,000 2,02,48,000 3,10,32,000 4,18,16,000 5,26,00,000
33,66,000 1,14,84,000 1,57,52,000 2,29,68,000 3,01,84,000 3,74,00,000
Gross Profit Ratio 49.87% 42.53% 43.76% 42.53% 41.92% 41.56%

NET PROFIT RATIO

Net Profit 5,50,026 48,55,883 87,31,154 1,47,49,829 2,05,19,776 2,58,33,231
Sales 67,50,000 2,70,00,000 3,60,00,000 5,40,00,000 7,20,00,000 9,00,00,000
8.15% 17.98% 24.25% 27.31% 28.50% 28.70%

PROJECTED TREND OF SALES

Sales 67,50,000 2,70,00,000 3,60,00,000 5,40,00,000 7,20,00,000 9,00,00,000
Increase of Sales 2,02,50,000 90,00,000 1,80,00,000 1,80,00,000 1,80,00,000
% of Increase Sales 33.33% 50.00% 33.33% 25.00%

INVENTORY HOLDING PERIOD

Closing Stock 6,60,000 13,20,000 26,40,000 39,60,000 52,80,000 66,00,000
Cost of Goods Sold 33,84,000 1,55,16,000 2,02,48,000 3,10,32,000 4,18,16,000 5,26,00,000
Holding Period (In days) 18 31 48 47 46 46

CURRENT RATIO
CURRENT ASSETS
Sundry Debtors 22,50,000 63,59,125 83,91,825 1,34,51,993 1,82,00,788 2,28,96,411
Closing Stock 6,60,000 13,20,000 26,40,000 39,60,000 52,80,000 66,00,000
Cash and Other Assets 8,39,720 6,29,960 20,75,800 23,59,670 23,28,830 30,43,290
37,49,720 83,09,085 1,31,07,625 1,97,71,663 2,58,09,618 3,25,39,701
CURRENT LIABILITIES
Sundry Creditors 3,33,750 16,25,000 19,25,000 23,50,000 28,24,600 44,00,000
Cash Credit From Bank 35,70,000 35,70,000 35,70,000 35,70,000 35,70,000 35,70,000
39,03,750 51,95,000 54,95,000 59,20,000 63,94,600 79,70,000
0.96 1.60 2.39 3.34 4.04 4.08

17
 Audited Estimated Projected Projected Projected Projected
Particulars
Year ended on Year ended on Year ended Year ended Year ended Year ended
31.03.2021 31.03.2022 on 31.03.2023 on 31.03.2024 on 31.03.2025 on 31.03.2026
WORKING CAPITAL
CURRENT ASSETS
Sundry Debtors 22,50,000 63,59,125 83,91,825 1,34,51,993 1,82,00,788 2,28,96,411
Closing Stock 6,60,000 13,20,000 26,40,000 39,60,000 52,80,000 66,00,000
Cash and Other Assets 4,89,720 6,29,960 12,25,800 14,09,670 15,78,830 17,68,290
33,99,720 83,09,085 1,22,57,625 1,88,21,663 2,50,59,618 3,12,64,701
CURRENT LIABILITIES
Sundry Creditors & Other Liab. 3,33,750 16,25,000 19,25,000 23,50,000 28,24,600 44,00,000
Other Liabilities - - - - - -
Cash Credit From Bank & Other Loan 35,70,000 35,70,000 35,70,000 35,70,000 35,70,000 35,70,000
39,03,750 51,95,000 54,95,000 59,20,000 63,94,600 79,70,000
Net Working Capital (5,04,030) 31,14,085 67,62,625 1,29,01,663 1,86,65,018 2,32,94,701

CREDITORS RATIO
Sundry Creditors 3,33,750 16,25,000 19,25,000 23,50,000 28,24,600 44,00,000
Purchase & Direct Expenses 40,44,000 1,61,76,000 2,15,68,000 3,23,52,000 4,31,36,000 5,39,20,000

Creditors Ratio (Days) 30 37 33 27 24 30

DEBTORS COLLECTION PERIOD

Sundry Debtors 22,50,000 63,59,125 83,91,825 1,34,51,993 1,82,00,788 2,28,96,411
Sales 67,50,000 2,70,00,000 3,60,00,000 5,40,00,000 7,20,00,000 9,00,00,000
Debtors Collection Period (Days) 122 86 85 91 92 93

18
 M/S MANIRAJ INDUSTRIES
Prop. Rinku Devi
C/O Vill- Bijbani, Tola- Kachaharia Tola, Panch Bijbani East, Block-
Bankatwa, Bihar
STATEMENT SHOWING REPAYMENT OF LOAN

Total
Interest New Payoff
Period Payment Principal Interest Paid Amount
Oct-20 2,26,530 1,05,255 1,21,275 1,21,275.00 1,31,24,745.00
Nov-20 2,26,530 1,06,220 1,20,310 2,41,585.00 1,30,18,525.00
Dec-20 2,26,530 1,07,194 1,19,336 3,60,921.00 1,29,11,331.00
Jan-21 2,26,530 1,08,176 1,18,354 4,79,275.00 1,28,03,155.00
Feb-21 2,26,530 1,09,168 1,17,362 5,96,637.00 1,26,93,987.00
Mar-21 2,26,530 1,10,168 1,16,362 7,12,999.00 1,25,83,819.00
Apr-21 2,26,530 1,11,178 1,15,352 8,28,351.00 1,24,72,641.00
May-21 2,26,530 1,12,197 1,14,333 9,42,684.00 1,23,60,444.00
Jun-21 2,26,530 1,13,226 1,13,304 10,55,988.00 1,22,47,218.00
Jul-21 2,26,530 1,14,264 1,12,266 11,68,254.00 1,21,32,954.00
Aug-21 2,26,530 1,15,311 1,11,219 12,79,473.00 1,20,17,643.00
Sep-21 2,26,530 1,16,368 1,10,162 13,89,635.00 1,19,01,275.00
Oct-21 2,26,530 1,17,435 1,09,095 14,98,730.00 1,17,83,840.00
Nov-21 2,26,530 1,18,511 1,08,019 16,06,749.00 1,16,65,329.00
Dec-21 2,26,530 1,19,598 1,06,932 17,13,681.00 1,15,45,731.00
Jan-22 2,26,530 1,20,694 1,05,836 18,19,517.00 1,14,25,037.00
Feb-22 2,26,530 1,21,800 1,04,730 19,24,247.00 1,13,03,237.00
Mar-22 2,26,530 1,22,917 1,03,613 20,27,860.00 1,11,80,320.00
Apr-22 2,26,530 1,24,044 1,02,486 21,30,346.00 1,10,56,276.00
May-22 2,26,530 1,25,181 1,01,349 22,31,695.00 1,09,31,095.00
Jun-22 2,26,530 1,26,328 1,00,202 23,31,897.00 1,08,04,767.00
Jul-22 2,26,530 1,27,486 99,044 24,30,941.00 1,06,77,281.00
Aug-22 2,26,530 1,28,655 97,875 25,28,816.00 1,05,48,626.00
Sep-22 2,26,530 1,29,834 96,696 26,25,512.00 1,04,18,792.00
Oct-22 2,26,530 1,31,024 95,506 27,21,018.00 1,02,87,768.00
Nov-22 2,26,530 1,32,225 94,305 28,15,323.00 1,01,55,543.00
Dec-22 2,26,530 1,33,438 93,092 29,08,415.00 1,00,22,105.00
Jan-23 2,26,530 1,34,661 91,869 30,00,284.00 98,87,444.00
Feb-23 2,26,530 1,35,895 90,635 30,90,919.00 97,51,549.00
Mar-23 2,26,530 1,37,141 89,389 31,80,308.00 96,14,408.00
Apr-23 2,26,530 1,38,398 88,132 32,68,440.00 94,76,010.00
May-23 2,26,530 1,39,667 86,863 33,55,303.00 93,36,343.00
Jun-23 2,26,530 1,40,947 85,583 34,40,886.00 91,95,396.00
Jul-23 2,26,530 1,42,239 84,291 35,25,177.00 90,53,157.00
Aug-23 2,26,530 1,43,543 82,987 36,08,164.00 89,09,614.00
Sep-23 2,26,530 1,44,859 81,671 36,89,835.00 87,64,755.00
Oct-23 2,26,530 1,46,186 80,344 37,70,179.00 86,18,569.00
Nov-23 2,26,530 1,47,526 79,004 38,49,183.00 84,71,043.00
Dec-23 2,26,530 1,48,879 77,651 39,26,834.00 83,22,164.00
Jan-24 2,26,530 1,50,243 76,287 40,03,121.00 81,71,921.00
Feb-24 2,26,530 1,51,621 74,909 40,78,030.00 80,20,300.00
Mar-24 2,26,530 1,53,011 73,519 41,51,549.00 78,67,289.00
Apr-24 2,26,530 1,54,413 72,117 42,23,666.00 77,12,876.00
May-24 2,26,530 1,55,829 70,701 42,94,367.00 75,57,047.00
Jun-24 2,26,530 1,57,257 69,273 43,63,640.00 73,99,790.00
Jul-24 2,26,530 1,58,699 67,831 44,31,471.00 72,41,091.00
Aug-24 2,26,530 1,60,153 66,377 44,97,848.00 70,80,938.00
Sep-24 2,26,530 1,61,621 64,909 45,62,757.00 69,19,317.00

19
 Total
Interest New Payoff
Period Payment Principal Interest Paid Amount
Oct-24 2,26,530 1,63,103 63,427 46,26,184.00 67,56,214.00
Nov-24 2,26,530 1,64,598 61,932 46,88,116.00 65,91,616.00
Dec-24 2,26,530 1,66,107 60,423 47,48,539.00 64,25,509.00
Jan-25 2,26,530 1,67,630 58,900 48,07,439.00 62,57,879.00
Feb-25 2,26,530 1,69,166 57,364 48,64,803.00 60,88,713.00
Mar-25 2,26,530 1,70,717 55,813 49,20,616.00 59,17,996.00
Apr-25 2,26,530 1,72,282 54,248 49,74,864.00 57,45,714.00
May-25 2,26,530 1,73,861 52,669 50,27,533.00 55,71,853.00
Jun-25 2,26,530 1,75,455 51,075 50,78,608.00 53,96,398.00
Jul-25 2,26,530 1,77,063 49,467 51,28,075.00 52,19,335.00
Aug-25 2,26,530 1,78,686 47,844 51,75,919.00 50,40,649.00
Sep-25 2,26,530 1,80,324 46,206 52,22,125.00 48,60,325.00
Oct-25 2,26,530 1,81,977 44,553 52,66,678.00 46,78,348.00
Nov-25 2,26,530 1,83,645 42,885 53,09,563.00 44,94,703.00
Dec-25 2,26,530 1,85,329 41,201 53,50,764.00 43,09,374.00
Jan-26 2,26,530 1,87,027 39,503 53,90,267.00 41,22,347.00
Feb-26 2,26,530 1,88,742 37,788 54,28,055.00 39,33,605.00
Mar-26 2,26,530 1,90,472 36,058 54,64,113.00 37,43,133.00
Apr-26 2,26,530 1,92,218 34,312 54,98,425.00 35,50,915.00
May-26 2,26,530 1,93,980 32,550 55,30,975.00 33,56,935.00
Jun-26 2,26,530 1,95,758 30,772 55,61,747.00 31,61,177.00
Jul-26 2,26,530 1,97,553 28,977 55,90,724.00 29,63,624.00
Aug-26 2,26,530 1,99,363 27,167 56,17,891.00 27,64,261.00
Sep-26 2,26,530 2,01,191 25,339 56,43,230.00 25,63,070.00
Oct-26 2,26,530 2,03,035 23,495 56,66,725.00 23,60,035.00
Nov-26 2,26,530 2,04,896 21,634 56,88,359.00 21,55,139.00
Dec-26 2,26,530 2,06,775 19,755 57,08,114.00 19,48,364.00
Jan-27 2,26,530 2,08,670 17,860 57,25,974.00 17,39,694.00
Feb-27 2,26,530 2,10,583 15,947 57,41,921.00 15,29,111.00
Mar-27 2,26,530 2,12,513 14,017 57,55,938.00 13,16,598.00
Apr-27 2,26,530 2,14,461 12,069 57,68,007.00 11,02,137.00
May-27 2,26,530 2,16,427 10,103 57,78,110.00 8,85,710.00
Jun-27 2,26,530 2,18,411 8,119 57,86,229.00 6,67,299.00
Jul-27 2,26,530 2,20,413 6,117 57,92,346.00 4,46,886.00
Aug-27 2,26,530 2,22,434 4,096 57,96,442.00 2,24,452.00
Sep-27 2,26,509 2,24,452 2,057 57,98,499.00 0.00

20