Krishna Industries (Prop.

Chetankumar Bharvad)
[Rs. In lakh]
COST OF PROJECT AND MEANS OF FINANCE

Cost of Project Rs.

Assets Proposed
Plant and Machinery (As per List) 8.45

Total 8.45

Means of Finance Proposed

Owners Capital @ 15% 1.27

Bank Loan @ 85% 7.18
Total 8.45
Krishna Industries (Prop. Chetankumar Bharvad)
CALCULATION OF DEPRECIATION Rs. In Lakh

Assets Rates Cost 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27

Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.

Plant and Machinery (As per List) 15% 8.45 1.27 1.08 0.92 0.78 0.66 0.56 0.48

Total 8.45 1.27 1.08 0.92 0.78 0.66 0.56 0.48

CALCULATION OF WRITTEN DOWN VALUE

Assets 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27

Rs. Rs. Rs. Rs. Rs. Rs. Rs.

Plant and Machinery (As per List) 7.18 6.11 5.19 4.41 3.75 3.19 2.71

Total 7.18 6.11 5.19 4.41 3.75 3.19 2.71

Krishna Industries (Prop. Chetankumar Bharvad)
PROJECTED REVENUE STATEMENTS
[Rs. in Lakh]
PartIcular 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27

Months 2 12 12 12 12 12 12
Income
Opening Stock (Tools, Eqp. & Scrap) 0.00 2.50 2.75 3.03 3.33 3.66 4.03
Sales 15.75 102.84 112.53 123.04 134.40 142.49 151.07
Closing Stock (Tools, Eqp. & Scrap) 2.50 2.75 3.03 3.33 3.66 4.03 4.43
Total 18.25 108.09 118.31 129.39 141.38 150.17 159.52

Direct Exps.
Salary & Wages [Annex- 2] 0.45 2.97 3.28 3.62 3.99 4.40 4.85
Purchase & Other Expenses 12.81 82.88 89.92 97.48 105.56 110.91 116.51

Total Direct Expenses 13.26 85.85 93.20 101.10 109.55 115.31 121.36

Gross Profit A 4.99 22.24 25.10 28.30 31.84 34.86 38.16

Finance expenses
Bank interest (term loan) 0.11 0.67 0.59 0.50 0.41 0.30 0.18
Working Capital Loan Int.

Administrative & other expenses

Office Expenses 0.06 0.36 0.36 0.36 0.36 0.36 0.36
Selling Exps. 0.20 1.32 1.45 1.60 1.76 1.93 2.13
Electricity Expenses 0.07 0.42 0.42 0.42 0.42 0.42 0.42
Salary Expense 0.45 2.97 3.28 3.62 3.99 4.40 4.85
Repairs and Maintanance 0.06 0.36 0.36 0.36 0.36 0.36 0.36
Depreciation 1.27 1.08 0.92 0.78 0.66 0.56 0.48
Transportation Expenses @2% 0.32 2.06 2.25 2.46 2.69 2.85 3.02
Cutting & Other Exps. 0.35 2.26 2.48 2.71 2.96 3.13 3.32
Village / Municipal and local Taxes 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Total Indirect Expenses B 2.93 11.54 12.16 12.86 13.65 14.37 15.17

Net Profit Before Tax [A-B] C 2.05 10.69 12.95 15.44 18.19 20.49 22.99

Provision for Income Tax D 0.00 1.25 1.75 2.18 2.55 2.66 2.70

Net Profit After Tax [C-D] 2.05 9.44 11.20 13.26 15.64 17.83 20.29

CASH PROFIT
Net Profit After Tax 2.05 9.44 11.20 13.26 15.64 17.83 20.29
Add : Non Cash Expenditures
Depreciation 1.27 1.08 0.92 0.78 0.66 0.56 0.48
Cash Profit after Tax 3.32 10.52 12.11 14.04 16.30 18.40 20.77
Krishna Industries (Prop. Chetankumar Bharvad)
Rs. In Lakh
Annexure :- 1 Sale Income
Particulars 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27
Installed Capacity / Day (Kgs/day) 2000 2000 2000 2000 2000 2000 2000
No of Months 2 12 12 12 12 12 12
Utilised Capacity 75% 77% 80% 82% 85% 85% 85%
Prodcued Capacity 90000 554400 572400 590400 608400 608400 608400
Sale Price / Unit 17.50 18.55 19.66 20.84 22.09 23.42 24.83
Total Sales 15.75 102.84 112.53 123.04 134.40 142.49 151.07

Annexure :- 2 Cost of Production Rs. In Lakh

Particulars 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27
Cost of Maize per Kg 14.0 14.7 15.44 16.22 17.04 17.9 18.8
Cost of Bag 0.2 0.25 0.27 0.29 0.31 0.33 0.35
Total Cost of Kg 14.24 14.95 15.71 16.51 17.35 18.23 19.15
No of Kg Produced 1500.00 1540.00 1590.00 1640.00 1690.00 1690.00 1690.00
No of Months 2.00 12.00 12.00 12.00 12.00 12.00 12.00
Total Cost of Material 12.81 82.88 89.92 97.48 105.56 110.91 116.51

Annexure:- 2 Salary & Wages Rs. In Lakh

No. Salary
Particulars of p.m. 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27
employee

Rs. Rs. In Lakh

1 Adminstrative Staff 1 7500 0.15 0.99 1.09 1.20 1.32 1.46 1.61
2 Supervisor 1 6000 0.12 0.79 0.88 0.97 1.07 1.18 1.30
3 Worker 2 4500 0.18 1.19 1.31 1.45 1.60 1.76 1.94
Total Salary 0.45 2.97 3.28 3.62 3.99 4.40 4.85
 CALCULATION OF INTEREST AND REPAYMENT SCHEDULE OF LOAN

T.L Amount 7.18 Tenure 84 Months

Interest 9.50% Moratorium 6 Months

Mt Month Amount Interest Total Repayment Balance

1 February 7.18 0.06 7.24 0.06 7.18
2020-21

2
March 7.18 0.06 7.24 0.06 7.18
3 April 7.18 0.06 7.24 0.06 7.18
4 May 7.18 0.06 7.24 0.06 7.18
5 June 7.18 0.06 7.24 0.06 7.18
6 July 7.18 0.06 7.24 0.06 7.18
7 Augast 7.18 0.06 7.24 0.12 7.12
2021-22

8 September 7.12 0.06 7.17 0.12 7.05

9 October 7.05 0.06 7.10 0.12 6.98
10 November 6.98 0.06 7.04 0.12 6.91
11 December 6.91 0.05 6.97 0.12 6.84
12 January 6.84 0.05 6.90 0.12 6.77
13 February 6.77 0.05 6.83 0.12 6.70
14 March 6.70 0.05 6.76 0.12 6.63
15 April 6.63 0.05 6.68 0.12 6.56
16 May 6.56 0.05 6.61 0.12 6.49
17 June 6.49 0.05 6.54 0.12 6.42
18 July 6.42 0.05 6.47 0.12 6.34
19 Augast 6.34 0.05 6.39 0.12 6.27
2022-23

20 September 6.27 0.05 6.32 0.12 6.20

21 October 6.20 0.05 6.25 0.12 6.12
22 November 6.12 0.05 6.17 0.12 6.05
23 December 6.05 0.05 6.09 0.12 5.97
24 January 5.97 0.05 6.02 0.12 5.89
25 February 5.89 0.05 5.94 0.12 5.82
26 March 5.82 0.05 5.86 0.12 5.74
27 April 5.74 0.05 5.78 0.12 5.66
28 May 5.66 0.04 5.71 0.12 5.58
29 June 5.58 0.04 5.63 0.12 5.50
30 July 5.50 0.04 5.55 0.12 5.42
31 Augast 5.42 0.04 5.46 0.12 5.34
2022-23

32 September 5.34 0.04 5.38 0.12 5.26

33 October 5.26 0.04 5.30 0.12 5.18
34 November 5.18 0.04 5.22 0.12 5.09
35 December 5.09 0.04 5.13 0.12 5.01
36 January 5.01 0.04 5.05 0.12 4.93
37 February 4.93 0.04 4.97 0.12 4.84
38 March 4.84 0.04 4.88 0.12 4.76
39 April 4.76 0.04 4.79 0.12 4.67
2
 40 May 4.67 0.04 4.71 0.12 4.58
41 June 4.58 0.04 4.62 0.12 4.50
42 July 4.50 0.04 4.53 0.12 4.41
43 Augast 4.41 0.03 4.44 0.12 4.32
2023-24

44 September 4.32 0.03 4.35 0.12 4.23

45 October 4.23 0.03 4.26 0.12 4.14
46 November 4.14 0.03 4.17 0.12 4.05
47 December 4.05 0.03 4.08 0.12 3.96
48 January 3.96 0.03 3.99 0.12 3.86
49 February 3.86 0.03 3.89 0.12 3.77
50 March 3.77 0.03 3.80 0.12 3.68
51 April 3.68 0.03 3.71 0.12 3.58
52 May 3.58 0.03 3.61 0.12 3.49
53 June 3.49 0.03 3.51 0.12 3.39
54 July 3.39 0.03 3.42 0.12 3.29
55 Augast 3.29 0.03 3.32 0.12 3.20
2024-25

56 September 3.20 0.03 3.22 0.12 3.10

57 October 3.10 0.02 3.12 0.12 3.00
58 November 3.00 0.02 3.02 0.12 2.90
59 December 2.90 0.02 2.92 0.12 2.80
60 January 2.80 0.02 2.82 0.12 2.70
61 February 2.70 0.02 2.72 0.12 2.59
62 March 2.59 0.02 2.61 0.12 2.49
63 April 2.49 0.02 2.51 0.12 2.39
64 May 2.39 0.02 2.40 0.12 2.28
65 June 2.28 0.02 2.30 0.12 2.18
66 July 2.18 0.02 2.19 0.12 2.07
67 Augast 2.07 0.02 2.09 0.12 1.96
2025-26

68 September 1.96 0.02 1.98 0.12 1.85

69 October 1.85 0.01 1.87 0.12 1.74
70 November 1.74 0.01 1.76 0.12 1.63
71 December 1.63 0.01 1.65 0.12 1.52
72 January 1.52 0.01 1.54 0.12 1.41
73 February 1.41 0.01 1.42 0.12 1.30
74 March 1.30 0.01 1.31 0.12 1.19
75 April 1.19 0.01 1.19 0.12 1.07
76 May 1.07 0.01 1.08 0.12 0.96
77 June 0.96 0.01 0.96 0.12 0.84
78 July 0.84 0.01 0.85 0.12 0.72
2026-27

79 Augast 0.72 0.01 0.73 0.12 0.60

80 September 0.60 0.00 0.61 0.12 0.49
81 October 0.49 0.00 0.49 0.12 0.37
82 November 0.37 0.00 0.37 0.12 0.24
83 December 0.24 0.00 0.25 0.12 0.12
84 January 0.12 0.00 0.12 0.12 0.00
 Year - 1 Year - 2 Year - 3 Year - 4 Year - 5 Year - 6 Year - 7
Interest 0.11 0.67 0.59 0.50 0.41 0.30 0.18
Principle 0.00 0.55 0.89 0.98 1.08 1.19 1.30
Repayment 0.11 1.22 1.49 1.49 1.49 1.49 1.49
O/s Loan 7.18 6.63 5.74 4.76 3.68 2.49 1.19

Year Interest Principle Total O/s Amt

Year - 1 0.11 0.00 0.11 7.18
Year - 2 0.67 0.55 1.22 6.63
Year - 3 0.59 0.89 1.49 5.74
Year - 4 0.50 0.98 1.49 4.76
Year - 5 0.41 1.08 1.49 3.68
Year - 6 0.30 1.19 1.49 2.49
Year - 7 0.18 1.30 1.49 1.19
Year - 8 0.05 1.19 1.24 0.00
Krishna Industries (Prop. Chetankumar Bharvad)

PROJECTED BALANCE SHEET Rs. In Lakh

Source of Funds 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27

Capital and Liabilities

Proprietor's Capital 7.70 8.69 9.55 10.66 12.01 13.29 14.79

Secured Loans
Term Loan 7.18 6.63 5.74 4.76 3.68 2.49 1.19

Total Source of Funds 14.88 15.32 15.29 15.42 15.69 15.78 15.98

Application of Funds
Assets
Fixed Assets 8.45 7.18 6.11 5.19 4.41 3.75 3.19
Deposits and investments 0.50 0.50 0.50 0.50 0.50 0.50 0.50
Current Assets loans &
Advances
Cash & Bank Balances 0.25 0.27 0.29 0.31 0.34 0.37 0.40
Sundry Debtors 3.28 4.29 4.69 5.13 5.60 5.94 6.29
Advance Tax 0.00 1.13 1.58 1.96 2.30 2.39 2.43
Closing Stock (Tools, Eqp. & Scrap) 2.50 2.75 3.03 3.33 3.66 4.03 4.43
Total Current Assets [A] 6.03 8.43 9.58 10.73 11.90 12.72 13.55
Current Liabilities &
Provisions
Duties & Taxes
Provision for Income tax 0.00 0.13 0.18 0.22 0.26 0.27 0.27
Sundry Creditors 0.04 0.25 0.27 0.30 0.33 0.37 0.40
Expenses Payable 0.07 0.42 0.45 0.49 0.53 0.56 0.59
Total Current Liabilities [B] 0.10 0.79 0.90 1.01 1.12 1.19 1.26

Net Working Capital [A-B] [A]-[B] 5.93 7.64 8.68 9.72 10.78 11.54 12.29

Total Application Of Funds 14.88 15.32 15.28 15.41 15.69 15.79 15.98
Krishna Industries (Prop. Chetankumar Bharvad)
CALCULATION OF FINANCIAL RATIOS Rs. In Lakh

2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27

Gross Profit 4.99 22.24 25.10 28.30 31.84 34.86 38.16

X 100
Net Sales 15.75 102.84 112.53 123.04 134.40 142.49 151.07

Gross Profit Ratio 31.66 21.62 22.31 23.00 23.69 24.47 25.26

Net Profit 2.05 9.44 11.20 13.26 15.64 17.83 20.29

X 100
Net Sales/income 15.75 102.84 112.53 123.04 134.40 142.49 151.07

Net Profit ratio 13.04 9.18 9.95 10.78 11.64 12.52 13.43

Current Assets 6.03 8.43 9.58 10.73 11.90 12.72 13.55

Current Liabilities 0.10 0.79 0.90 1.01 1.12 1.19 1.26

Current Ratio (times) 58.81 10.65 10.63 10.64 10.66 10.71 10.76

E.B.I.T. 2.05 10.69 12.95 15.44 18.19 20.49 22.99

Interest 0.11 0.67 0.59 0.50 0.41 0.30 0.18

Interest Coverage Ratio 18.06 16.03 21.88 30.69 44.83 68.66 127.23

CPAT+Interest 3.43 11.19 12.71 14.54 16.70 18.70 20.95

Installment 0.11 1.22 1.49 1.49 1.49 1.49 1.49

Debt service coverage 30.20 9.19 8.55 9.79 11.25 12.59 14.11
Ratio
Total Outside Liability [TOL] 7.29 7.42 6.64 5.77 4.79 3.68 2.45
Total Net Worth [TNW] 7.70 8.69 9.55 10.66 12.01 13.29 14.79

Debt Equity Ratio 0.95 0.85 0.70 0.54 0.40 0.28 0.17
Krishna Industries (Prop. Chetankumar Bharvad)
GRAPHICAL PRESENTATION

1 GROSS PROFIT RATIO 3 DEBT SERVICE COVERAGE RATIO

35.00 35.00

30.00 30.00

25.00 25.00

20.00 20.00

15.00 Series1 15.00 Series1

10.00 10.00
5.00 5.00
0.00 0.00
1 2 3 4 5 6 7 1 2 3 4 5 6 7

2 NET PROFIT RATIO 4 INTEREST COVERAGE RATIO

16.00 140.00
14.00 120.00
12.00
100.00
10.00
80.00
8.00
Series1 60.00 Series1
6.00
4.00 40.00

2.00 20.00

0.00 0.00
1 2 3 4 5 6 7 1 2 3 4 5 6 7