PROJECT REPORT OF KOLHAPURI THUSHI ALANKAR

Proprietor Name Parag Pravin Vardhmane

PAN No of Firm AZAPV8476H

Purpose of Report New Application for Cash Credit

Cash Credit Amount 200,000

Period of Project Report From 2018-19 to 2023-24

Name of the Bank Bank Of Maharashtra

 PROJECTED TRADING A/C OF M/S. ABC CO
Audited Audited Projected Projected Projected
Particulars Note No.
2013-14 2014-15 2015-16 2016-17 2017-18
Sales 1 810,500 851,025 1,013,625 1,138,885 1,276,895
Closing Stock 2 202,625 212,756 253,406 284,721 319,224
Total -1 3=(2+1) 1,013,125 1,063,781 1,267,031 1,423,607 1,596,118

Opening Stock 4 192,500 202,625 212,756 253,406 284,721

Purchases 5 688,925 723,371 861,581 968,053 1,085,361
Direct Expenses - Fixed
Salaries 6 5,000 5,200 5,400 5,600 5,800
Rent 4,000 4,150 4,300 4,450 4,600
Direct Expenses - Variable
Commission on Sales 7 16,210 17,021 20,273 22,778 25,538
Transportation, Loading, etc 8,105 8,510 10,136 11,389 12,769
Total -2 12=(4+5+6+7) 914,740 960,877 1,114,446 1,265,675 1,418,789
Gross Profit 13=(3-12) 98,385 102,904 152,585 157,931 177,330
Gross Profit % 14 12.14% 12.09% 15.05% 13.87% 13.89%

Place (FOR M/S.ABC CO)

Date
(Authorised Signatory)
 PROJECTED PROFIT & LOSS A/C OF M/S. ABC CO
Audited Audited Projected Projected Projected
Particulars Note No.
2013-14 2014-15 2015-16 2016-17 2017-18
Indirect Expenses - Fixed
Office Electricity Expense 15 3,000 3,150 3,300 3,450 3,600
Stationery, Refreshment, etc 2,500 2,950 3,400 3,850 4,300
Indirect Expenses - Variable
Factory Wages 16 28,368 29,786 35,477 39,861 44,691
Factory Electricty, Incentives, 24,315 25,531 30,409 34,167 38,307
Interest on Other Loans 17 3,312 2,815 2,393 2,034 1,729
Interest on Cash Credit 18 - - 12,000 22,800 22,800
Processing Fees, Legal, 19
Brokerage, Stock Insurance 8,000 667 667
Depreciation 20 29,270 29,043 28,589 28,480 31,332
Total -1 21 = (15+16+17+18+19+20) 90,765 93,275 123,567 135,308 147,426
Indirect Income 22 1,750 1,925 2,118 5,715 6,286
Net Profit 23=(13-20+22) 9,371 11,554 31,135 28,338 36,190
Net Profit % 24 1.16% 1.36% 3.07% 2.49% 2.83%

Place (FOR M/S.ABC CO)

Date
(Authorised Signatory)
 PROJECTED CAPITAL A/C OF M/S. ABC CO
Audited Audited Projected Projected Projected
Particulars Note No.
2013-14 2014-15 2015-16 2016-17 2017-18
Opening Capital 25 770,000 772,536 776,324 795,231 811,299
Net Profit 23 9,371 11,554 31,135 28,338 36,190
Drawings 26 2,400 2,640 2,904 3,194 3,514
LIC, Other Deductions 27 3,200 3,520 3,872 4,259 4,685
Income Tax 28 1,234 1,607 5,453 4,816 6,301
Closing Capital 29 = (23+25-26-27-28) 772,536 776,324 795,231 811,299 832,989

Place (FOR M/S.ABC CO)

Date
(Authorised Signatory)
 PROJECTED BALANCE SHEET OF M/S.ABC CO
Audited Audited Projected Projected Projected
Particulars Note No.
2013-14 2014-15 2015-16 2016-17 2017-18
SOURCE OF FUNDS
Capital A/c 29 772,536 776,324 795,231 811,299 832,989

Loans Liability
Secured Loans 30
13,500 11,475 9,754 8,291 7,047
Unsecured Loans 14,100 11,985 10,187 8,659 7,360
Cash Credit - - 100,000 190,000 190,000

Current Liabilities & Provisio

Sundry Creditors 31 114,821 120,562 143,597 161,342 180,893
Duties & Taxes / Provisions 2,672 2,884 4,320 4,526 5,300

SOURCE OF FUNDS TOTAL 917,630 923,230 1,063,088 1,184,117 1,223,590

APPLICATIONS OF FUNDS
Fixed Assets - Immovable 32 200,000 200,000 200,000 200,000 200,000
Fixed Assets - Movable 33 270,430 266,387 269,798 266,318 281,987

Investments 34 25,000 27,500 30,250 81,638 89,801

Current Assets
Loans & Advances 15,000 15,750 16,538 17,364 18,233
Sundry Debtors 35
168,854 177,297 211,172 237,268 266,020
Closing Stock 202,625 212,756 253,406 284,721 319,224
Other Current Assets 13,500 14,175 14,884 15,628 16,409
Cash & Bank Balance 22,221 9,365 67,040 81,179 31,916

APPLICATION OF FUNDS TOTAL 917,630 923,230 1,063,088 1,184,117 1,223,590

Place (FOR M/S.ABC CO)

Date
(Authorised Signatory)
 Depreciation Schedule of M/S. ABC CO
Audited Audited Projected Projected Projected
Particulars Note No.
2013-14 2014-15 2015-16 2016-17 2017-18
Gross Block related to 10% a 150,100 139,590 125,631 126,568 132,911
Addition more then 180 Days b 10,000 - 15,000 - 25,000
Addition less then 180 Days c - - - 20,000 -
Sales/Subsidy/Deduction d 5,000 - - - -
Net Block related to 10% e =(a+b+c-d) 155,100 139,590 140,631 146,568 157,911
Depreciation @ 10% 36 15,510 13,959 14,063 13,657 15,791

Gross Block related to 15% a 112,500 114,550 126,095 119,236 111,812

Addition more then 180 Days b - 15,000 - 25,000 30,000
Addition less then 180 Days c 14,000 10,000 25,000 - -
Sales/Subsidy/Deduction d - - 20,000 20,000 -
Net Block related to 15% e =(a+b+c-d) 126,500 139,550 131,095 124,236 141,812
Depreciation @ 15% 37 11,950 13,455 11,860 12,424 14,181

Gross Block related to 25% a 18,100 16,290 14,661 23,995 21,595

Addition more then 180 Days b - - 12,000 - -
Addition less then 180 Days c - - - - -
Sales/Subsidy/Deduction d - - - - 8,000
Net Block related to 25% e =(a+b+c-d) 18,100 16,290 26,661 23,995 13,595
Depreciation @ 25% 38 1,810 1,629 2,666 2,399 1,360

Depreciation Total 39 = (36+37+38) 29,270 29,043 28,589 28,480 31,332

Movable Assets Total 40 270,430 266,387 269,798 266,318 281,987

Place (FOR M/S.ABC CO)

Date
(Authorised Signatory)
 Interest Schedule of M/S.ABC CO
Audited Audited Projected Projected Projected
Particulars Note No.
2013-14 2014-15 2015-16 2016-17 2017-18
CC Proposed/Sanctioned Amount a 200,000 200,000 200,000
Estimated Utilisation % b 50.00% 95.00% 95.00%
Estimated Utilisation Amount 100,000 190,000 190,000
CC Interest Rate c 12.00% 12.00% 12.00% 12.00% 12.00%
Interest on CC 41 - - 12,000 22,800 22,800

Maximum Permissible Bank Finance Schedule of M/S.ABC CO

Audited Audited Projected Projected Projected
Particulars Note No.
2013-14 2014-15 2015-16 2016-17 2017-18
Gross Closing Stock a 202,625 212,756 253,406 284,721 319,224
Less :- Sundry Credits b 114,821 120,562 143,597 161,342 180,893
Net Closing Paid Stock C = (a-b) 87,804 92,194 109,809 123,379 138,330
Sundry Debtors D 168,854 177,297 211,172 237,268 266,020
Approx. 75% Eligible Amount F = (C+D) *75% 192,494 202,118 240,736 270,485 303,263

Maximum Permissible Bank Finance Rs. 192,494 202,118 240,736 270,485 303,263
CC Proposed/Sanctioned Amount 200,000 200,000 200,000 200,000 200,000
Eligibility of MPBF (Positive/Negative) Negative Positive Positive Positive Positive

Place (FOR M/S.ABC CO)

Date
(Authorised Signatory)
 Projected Turnover Working of M/S.ABC Co
Audited Audited Projected Projected Projected
Particulars Note No.
2013-14 2014-15 2015-16 2016-17 2017-18
Opening Capital a 770,000 772,536 776,324 795,231 811,299
CC Utililsed in Business b - - 100,000 142,500 190,000
CC Utililsed in Investments c - - - 47,500 -
Total CC Utilisation d = (b+c) - - 100,000 190,000 190,000
Eligible Capital for Turnover e = (a+b) 770,000 772,536 876,324 937,731 1,001,299

Turnover 810,500 851,025 1,013,625 1,138,885 1,276,895

Place (FOR M/S.ABC CO)

Date
(Authorised Signatory)
 PROJECTED CASH FLOW STATEMENT OF M/S.ABC CO
Audited Projected Projected Projected
Particulars Add/Less
2014-15 2015-16 2016-17 2017-18
OPERATING ACTIVITY
Net Profit after Depreciation 11,554 31,135 28,338 36,190
Depreciation Add 29,043 28,589 28,480 31,332
Changes in Creditors Add 5,741 23,035 17,745 19,551
Expense of Finance Activity Add 2,815 14,393 24,834 24,529
Changes in Inventory Less 10,131 40,650 31,315 34,502
Changes in Debtors Less 8,443 33,875 26,096 28,752
Income of Investment Activity Less 1,925 2,118 5,715 6,286

OPERATING ACTIVITY -A TOTAL 28,655 20,509 36,271 42,062

INVESTMENT ACTIVITY
Income from Investments Add 1,925 2,118 5,715 6,286
Changes in Fixed Assets Less 25,000 32,000 25,000 47,000
Changes in Investments Less 2,500 2,750 51,388 8,164

INVESTMENT ACTIVITY -B TOTAL (25,575) (32,633) (70,673) (48,878)

FINANCING ACTIVITY
Changes in Loans Liability Add (4,140) 96,481 87,009 (2,542)
Changes in O/s Taxes Add 211 1,436 206 774
Changes in Loans & Advances Less 750 788 827 868
Changes in Other Current Assets Less 675 709 744 781
Interest Expense Less 2,815 14,393 24,834 24,529
Reduction in Capital Less 7,767 12,229 12,269 14,500

FINANCING ACTIVITY -C TOTAL (15,936) 69,799 48,541 (42,447)

Cash & Cash Equivalent D=(A+B+C) (12,856) 57,676 14,139 (49,263)

Opening Cash Balance E 22,221 9,365 67,040 81,179
Closing Cash Balance F =(D+E) 9,365 67,040 81,179 31,916

Place (FOR M/S.ABC CO)

Date
(Authorised Signatory)