NEW UPCOMMING DAIRY

STATEMENT OF INSTALLED CAPACITY, ACTUAL PRODUCTION & SALES

ITEM OF PRODUCT: PROCESSING OF MILK & ITS BY PRODUCTS

INSTALLED CAPACITY: NEW UNIT

IN LTR PER DAY 30,000.00

(Pairs/Day)
Total No. of working Days considered in year is 300 Days
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YEAR 1 2 3 4 5 6 7
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INSTALLED CAPACITY 30.00 30.00 30.00 30.00 30.00 30.00 30.00

CAPACITY UTILISATION 25 30 50 60 70 80 80
(%)

PRODUCTIONS
Gens Slipper 10,000.00 8.75 10.50 17.50 21.00 24.50 28.00 28.00

Ladies Slipper 7,000.00 6.13 7.35 12.25 14.70 17.15 19.60 19.60

Kids Slipper 5,000.00 4.38 5.25 8.75 10.50 12.25 14.00 14.00

Flip flop fabrication 4,000.00 3.50 4.20 7.00 8.40 9.80 11.20 11.20

PVC Air 2,000.00 1.75 2.10 3.50 4.20 4.90 5.60 5.60

PVC- Vertical 2,000.00 1.75 2.10 3.50 4.20 4.90 5.60 5.60

Raw Material Required

Raw Material @ Rs. 50.00/- 1125.00 1350.00 2250.00 2700.00 3150.00 3600.00 3600.00

Direct Processing Cost

Gens Slipper 12.00 105.00 126.00 210.00 252.00 294.00 336.00 336.00

Ladies Slipper 12.00 73.50 88.20 147.00 176.40 205.80 235.20 235.20

Kids Slipper 12.00 52.50 63.00 105.00 126.00 147.00 168.00 168.00

Flip flop fabrication 100.00 350.00 420.00 700.00 840.00 980.00 1120.00 1120.00

PVC Air 100.00 175.00 210.00 350.00 420.00 490.00 560.00 560.00

PVC- Vertical 80.00 140.00 168.00 280.00 336.00 392.00 448.00 448.00
Total Processing Cost 896.00 1075.20 1792.00 2150.40 2508.80 2867.20 2867.20

Cost of Production 2021.00 2425.20 4042.00 4850.40 5658.80 6467.20 6467.20

FINISHED GOODS(FG)
SALES
Gens Slipper 80.00 700.00 840.00 1400.00 1680.00 1960.00 2240.00 2240.00

Ladies Slipper 80.00 490.00 588.00 980.00 1176.00 1372.00 1568.00 1568.00

Kids Slipper 90.00 393.75 472.50 787.50 945.00 1102.50 1260.00 1260.00

Flip flop fabrication 140.00 490.00 588.00 980.00 1176.00 1372.00 1568.00 1568.00

PVC Air 160.00 280.00 336.00 560.00 672.00 784.00 896.00 896.00

PVC- Vertical 120.00 210.00 252.00 420.00 504.00 588.00 672.00 672.00

Total Sales Realisation 2563.75 3076.50 5127.50 6153.00 7178.50 8204.00 8204.00

GROSS MARGIN 542.75 651.30 1085.50 1302.60 1519.70 1736.80 1736.80

FACTORY OVERHEADS

Labour Charges 40.00 38.00 39.90 41.90 43.99 46.19 48.50

Salaes Promotion exp 40.00 35.00 36.75 38.59 40.52 42.54 44.67

Repairs & Maintenance 5.00 5.25 5.51 5.79 6.08 6.38 6.70

Insurance of Factory 5.00 5.25 5.51 5.79 6.08 6.38 6.70

Depreciation 223.97 298.48 254.10 216.33 184.19 156.85 133.57

Rent, Taxes & other 1.00 1.05 1.10 1.16 1.22 1.28 1.34
misc. Factory Exp.
314.97 383.03 342.87 309.55 282.07 259.62 241.48

GROSS PROFIT 227.79 268.27 742.63 993.05 1237.63 1477.18 1495.32

Gross Profit % 8.88 8.72 14.48 16.14 17.24 18.01 18.23

STATEMENT OF SELLING & ADMINISTRATIVE EXPENSES

PROMOTER SALARY 36.00 39.60 43.56 47.92 52.71 57.98 63.78

ADMIN SALARY 18.00 19.80 21.78 23.96 26.35 28.99 31.89

PRINTING & STATIONERY 10.00 10.50 11.03 11.58 12.16 12.76 13.40

OFFICE EXPENSES 12.00 12.60 13.23 13.89 14.59 15.32 16.08

SELLING EXPENSES 24.00 26.15 43.58 52.30 61.02 69.73 69.73

TOTAL 100.00 108.65 133.18 149.64 166.82 184.78 194.88

STATEMENT OF PREOPERATIVE & TRAIL RUN EXPENSES

COST TOTAL
INCURRED
ESTABLISHMENT EXPENSES 25.00 25.00

MISC. EXPENSES 20.00 20.00

MORTGAGE EXPENSES 5.00 5.00

50.00 50.00

COST OF PROJECT AND MEANS OF FINANCE

COST OF PROJECT

DESCRIPTION TOTAL
AMOUNT AMOUNT
LAND & LAND DEVELOPMENT 450.00 450.00

BUILDING 603.00 603.00

PLANT & MACHINERY 950.00 950.00

MISC. FIXED ASSETS 80.00 80.00

PREOPERATIVE EXPENSES 50.00 50.00

2133.00 2133.00

CONTINGENCY 106.65

WORKING CAPITAL MARGIN 200.00

TOTAL COST OF PROJECT 2439.65

MEANS OF FINANCE

1. EQUITY CAPITAL
PROMOTERS 609.91 609.91

2. GOB SUBSIDY 312.45 312.45

3. TERM LOAN & CC LIMIT 1517.29 1517.29
2439.65 2439.65

ALLOCATION OF CONTINGENCY AND PREOPERARTIVE EXPENSES

PROJECT CONTINGENCY PRE.OPER TOTAL
COST EXPENSES AMOUNT

LAND & BUILDING 1053 53.91 25.28 1132.19

PLANT & MACHINERY 950 48.64 22.80 1021.44

MISC. FIXED ASSETS 80 4.10 1.92 86.02

2083.00 106.65 50.00 2239.65

CALCULATION OF WORKING RESULTS

CAPACITY UTILISATION(%) 25 30 50 60 70 80 80

PRODUCTION (In Ltr & Kgs)

Gens Slipper 10,000.00 8.750 10.500 17.500 21.000 24.500 28.000 28.000

Ladies Slipper 7,000.00 6.125 7.350 12.250 14.700 17.150 19.600 19.600

Kids Slipper 5,000.00 4.375 5.250 8.750 10.500 12.250 14.000 14.000

Flip flop fabrication 4,000.00 3.500 4.200 7.000 8.400 9.800 11.200 11.200

PVC Air 2,000.00 1.75 2.10 3.50 4.20 4.90 5.60 5.60

PVC- Vertical 2,000.00 1.75 2.10 3.50 4.20 4.90 5.60 5.60

SALES ( Ltrs & Kgs)

GROSS SALES 2,563.75 3,076.50 5,127.50 6,153.00 7,178.50 8,204.00 8,204.00

2,563.75 3,076.50 5,127.50 6,153.00 7,178.50 8,204.00 8,204.00

EXPENDITURE
R.M. CONSUMPTION 1125.00 1350.00 2250.00 2700.00 3150.00 3600.00 3600.00

DIRECT PROCESSING COST 896.00 1075.20 1792.00 2150.40 2508.80 2867.20 2867.20

FACTORY OVERHEAD 314.97 383.03 342.87 309.55 282.07 259.62 241.48

SUB- TOTAL 2335.97 2808.23 4384.87 5159.95 5940.87 6726.82 6708.68

GROSS PROFIT 227.79 268.27 742.63 993.05 1,237.63 1,477.18 1,495.32

G.P. OF SALES 8.88 8.72 14.48 16.14 17.24 18.01 18.23

STATEMENT OF DEPRECIATION

W.D.V. METHOD ( AS PER INCOME TAX LAW)

1. LAND & BUILDINGS 1132.19 1018.97 866.13 736.21 625.78 531.91 452.12
LESS: DEPR.ECIATION 113.22 152.85 129.92 110.43 93.87 79.79 67.82
1018.97 866.13 736.21 625.78 531.91 452.12 384.30

2. PLANT & MACHINERY 1021.44 919.30 781.40 664.19 564.56 479.88 407.90
LESS: DEPR.ECIATION 102.14 137.89 117.21 99.63 84.68 71.98 61.18
919.30 781.40 664.19 564.56 479.88 407.90 346.71

3.MISC. FIXED ASSETS 86.02 77.41 69.67 62.71 56.44 50.79 45.71
LESS: DEPR.ECIATION 8.60 7.74 6.97 6.27 5.64 5.08 4.57
77.41 69.67 62.71 56.44 50.79 45.71 41.14

TOTAL ASSETS 2239.65 2015.69 1717.20 1463.11 1246.78 1062.58 905.73

TOTAL DEPRECIATION 223.97 298.48 254.10 216.33 184.19 156.85 133.57

AS PER I. TAX ACT

PROFITABILITY STATEMENT

GROSS PROFIT 227.79 268.27 742.63 993.05 1,237.63 1,477.18 1,495.32

INTEREST
ON TERM LOAN 88.92 110.46 94.26 78.06 61.86 45.66 29.46
ON WORKING CAPITAL 14.25 19.00 19.00 19.00 19.00 19.00 19.00
103.17 129.46 113.26 97.06 80.86 64.66 48.46

SELLING & ADM. EXPENSES 100.00 108.65 133.18 149.64 166.82 184.78 194.88

TOTAL 203.17 238.11 246.43 246.70 247.68 249.44 243.34

PROFIT BEFORE TAX 24.62 30.16 496.19 746.35 989.95 1,227.75 1,251.98

TAXATION 7.61 9.32 153.32 230.62 305.90 379.37 386.86

PROFIT AFTER TAX 17.01 20.84 342.87 515.73 684.06 848.37 865.12

PROFIT BEFORE INTEREST 351.75 458.10 863.54 1,059.74 1,255.00 1,449.25 1,434.01
DEPRECIATION & TAX
 STATEMENT OF INTEREST ON TERM LOAN & WORKING CAPITAL
TERM LOAN I

OPENING BALANCE 1,317.29 1,137.29 957.29 777.29 597.29 417.29

ADD: RECEIPTS 1,317.29 - - - - - -

TOTAL 1,317.29 1,317.29 1,137.29 957.29 777.29 597.29 417.29

LESS: REPAYMENTS 0.00 180.00 180.00 180.00 180.00 180.00 180.00

CLOSING BALANCE 1317.29 1137.29 957.29 777.29 597.29 417.29 237.29

INTEREST @ 9 % 88.92 110.46 94.26 78.06 61.86 45.66 29.46

WORKING CAPITAL FINANCE

OPENING BALANCE 0.00 200.00 200.00 200.00 200.00 200.00 200.00

ADD: RECEIPTS 200.00 0.00 0.00 0.00 0.00 0.00 0.00

CLOSING BALANCE 200.00 200.00 200.00 200.00 200.00 200.00 200.00

INTEREST @ 9.5% 14.25 19.00 19.00 19.00 19.00 19.00 19.00

PROJECTED CASH FLOW STATEMENT

SOURCES
1.INCREASE IN CAPITAL. 609.91 0.00 0.00 0.00 0.00 0.00 0.00

2. INCREASE NEW CAPITAL 40.00 40.00 40.00 40.00 40.00 40.00 40.00

3. INCREASE IN TERM LOAN 1317.29 0.00 0.00 0.00 0.00 0.00 417.29

4. INCREASE IN BANK FIN. 200.00 0.00 0.00 0.00 0.00 0.00 0.00

5. PROFIT BEFORE TAX 24.62 30.16 496.19 746.35 989.95 1,227.75 1,251.98

6. DEPRECIATION 223.97 298.48 254.10 216.33 184.19 156.85 133.57

2415.78 368.64 790.29 1002.69 1214.15 1424.59 1842.84

USES
1. INCREASE IN FIX. ASSETS 2239.65 0 0.00 0.00 0.00 0.00 0.00

2.REPAYMENT OF T. LOAN 0.00 180.00 180.00 180.00 180.00 180.00 180.00

3. INCOME TAX 7.61 9.32 153.32 230.62 305.90 379.37 386.86

4. INVESTMENT 0.50 1.00 1.00 1.00 1.00 1.00 1.00

6. INCREASE IN W.CAPITAL 25.00 - - - - - -
TOTAL 2272.76 190.32 334.32 411.62 486.90 560.37 567.86

OPENING BALANCE 0 143.03 321.35 777.31 1368.38 2095.63 2959.85

NET SURPLUS 143.03 178.32 455.96 591.06 727.25 864.22 1274.98

CLOSING BALANCE 143.03 321.35 777.31 1368.38 2095.63 2959.85 4234.83

PROJECTED BALANCE SHEET

LIABILITIES
1. PROMOTERS CAPITAL 609.91 609.91 609.91 609.91 609.91 609.91 609.91

2. BANK TEM LOAN 1317.29 1137.29 957.29 777.29 597.29 417.29 237.29

3. BANK O.D. 200.00 200.00 200.00 200.00 200.00 200.00 200.00

4. NET PROFIT 17.01 37.85 380.72 896.45 1,580.51 2,428.88 3,294.00

2144.21 1985.05 2147.92 2483.65 2987.71 3656.08 4341.20

626.92 647.77 990.63 1,506.36 2,190.42 3,038.79 3,903.91

ASSETS

FIXED ASSETS 2015.69 1717.20 1463.11 1246.78 1062.58 905.73 772.16

INVESTMENT 0.50 1.50 2.50 3.50 4.50 5.50 6.50

LOANS & ADVANCES 5.00 5.00 5.00 5.00 5.00 5.00 5.00

CURRENT ASSETS

STOCK IN HAND 23.52 27.88 27.88 27.88 27.88 27.88 27.88

SUNDRY DEBTORS 71.76 114.00 114.00 114.00 114.00 114.00 114.00

CASH & BANK BALANCE 143.03 321.35 777.31 1368.38 2095.63 2959.85 4234.83

2259.49 2186.93 2389.80 2765.53 3309.59 4017.96 5160.38

RETAINED PROFIT 17.01 20.84 342.87 515.73 684.06 848.37 865.12

DEBT SERVICE COVERAGE RATIO

DEBT

INTEREST ON TERM LOAN 88.92 110.46 94.26 78.06 61.86 45.66 29.46

TERM LOAN REPAYMENT 0.00 180.00 180.00 180.00 180.00 180.00 180.00

TOTAL 88.92 290.46 274.26 258.06 241.86 225.66 209.46

SERVICE

PROFIT AFTER TAX 17.01 20.84 342.87 515.73 684.06 848.37 865.12

INTEREST 88.92 110.46 94.26 78.06 61.86 45.66 29.46

DEPRECIATION 223.97 298.48 254.10 216.33 184.19 156.85 133.57

329.89 429.78 691.22 810.12 930.11 1,050.88 1,028.15

D. S. C. R. 3.71 1.48 2.52 3.14 3.85 4.66 4.91

5 YEAR AVERAGE D. S. C. R. 2.94

BREAK EVEN POINT CALCULATION (RS. IN LACS)

SALES 2,563.75 3,076.50 5,127.50 6,153.00 7,178.50 8,204.00 8,204.00
LESS: VARIABLE EXPENSES
R.M. CONSUMED 1125.00 1350.00 2250.00 2700.00 3150.00 3600.00 3600.00

DIRECT PROCESSING COST 896.00 1075.20 1792.00 2150.40 2508.80 2867.20 2867.20

FACTORY OVERHEAD 40.00 38.00 39.90 41.90 43.99 46.19 48.50

INTEREST ON W. CAPITAL 14.25 19.00 19.00 19.00 19.00 19.00 19.00

SELLING EXPENSES 24.00 26.15 43.58 52.30 61.02 69.73 69.73

2099.25 2508.35 4144.48 4963.60 5782.81 6602.12 6604.43

2099.25 2508.35 4144.48 4963.60 5782.81 6602.12 6604.43

CONTRIBUTION 464.50 568.15 983.02 1,189.40 1,395.69 1,601.88 1,599.57

P/V RATIO 0.18 0.18 0.19 0.19 0.19 0.20 0.19

FIXED EXPENSES
SALARIES & WAGES 54.00 59.40 65.34 71.87 79.06 86.97 95.66

REPAIRS & MAINTENANCE 5.00 5.25 5.51 5.79 6.08 6.38 6.70

OTHER MFG. EXPENSES 46.00 41.30 43.37 45.53 47.81 50.20 52.71
DEPRECIATION 223.97 298.48 254.10 216.33 184.19 156.85 133.57

INTEREST ON TERM LOAN 88.92 110.46 94.26 78.06 61.86 45.66 29.46

TOTAL 417.88 514.89 462.57 417.58 379.00 346.05 318.11

BREAK EVEN SALES 2306.45 2788.09 2412.81 2160.23 1949.32 1772.31 1631.53

AS A % OF SALES 89.96 90.63 47.06 35.11 27.15 21.60 19.89

CASH BREAK EVEN SALES 1070.30 1171.83 1087.42 1041.11 1001.94 969.01 946.44

AS A % OF SALES 41.75 38.09 21.21 16.92 13.96 11.81 11.54

PROJECTED SOURCES & APPLICATION

SOURCES

PROFIT BEFORE TAX 24.62 30.16 496.19 746.35 989.95 1,227.75 1,251.98

DEPRECIATION 223.97 298.48 254.10 216.33 184.19 156.85 133.57

INCREASE OF S. CAPITAL 609.91 0.00 0.00 0.00 0.00 0.00 0.00

INCREASE OF NEW CAPITAL 40.00 40.00 40.00 40.00 40.00 40.00 40.00

INCREASE OF BANK LOAN 1317.29 0.00 0.00 0.00 0.00 0.00 417.29

INCREASE IN BANK O.D. 200.00 0.00 0.00 0.00 0.00 0.00 0.00

2,415.78 368.64 790.29 1,002.69 1,214.15 1,424.59 1,842.84

APPLICATION

INCREASE OF F. ASSETS 2239.65 0.00 0.00 0.00 0.00 0.00 0.00

REPAYMENT OF T. LOAN 0.00 180.00 180.00 180.00 180.00 180.00 180.00

DEPOSIT PAID FOR GALA 2.50 0 0 0 0 0 0

INCOME TAX 7.61 9.32 153.32 230.62 305.90 379.37 386.86

INVESTMENTS 0.50 1.00 1.00 1.00 1.00 1.00 1.00

CHANGE IN W. CAPITAL 166.55 182.68 455.96 591.06 727.25 864.22 1274.98

2416.80 373.00 790.29 1002.69 1214.15 1424.59 1842.84