BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

LONG TERM CAPITAL INVESTMENT

CAPACITY UTILIZATION
PRODUCTION
S. NO. PRODUCT CAPACITY 1ST 2ND 3RD
kWhr 80% 85% 90%
1 POWER 84000000 67200000 71400000 75600000

LAND, BUILDING AND PLANT & MACHINERY

S. NO. PARTICULAR LAKH
1 Land, 5 Acre @ 100 Lakh per acre 500.00
2 Land development 100.00
3 Building, 50000 st feet @ 900 per sq ft. 450.00
4 Plant and Machinery 2750.00

MISC. FIXED ASSETS

S. NO. PARTICULAR LAKH
1 Office equipment and furniture 100.00
2 Fire fighting equipment 50.00
3 DG set 50.00
4 Instruments and lab equipment 25.00
5 Workshop equipment 25.00
6 Two Vehicle 20.00
7 Electrification 25.00
TOTAL 295.00

PRE-OPERATIVE EXPENSES
S. NO. PARTICULAR LAKH
1 Company formation and legal 10.00
2 Establiehment charges 10.00
3 Consultancy & engineering fees 100.00
4 Interest during construction 100.00
5 Travelling 25.00
6 Security with various govt. department 50.00
7 Up front fees 50.00
8 Misc. 100.00
TOTAL 445.00

CONTINGENCIES 174.75

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 BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

WORKING CAPITAL CALCULATIONS

REPAIR AND MAINTENANCE
S. NO. PARTICULAR 1st Year 2nd year 3rd year
1.00% 1.50% 2.00%
1 Building 4.50 6.75 9.00
2 Plant and machinery 27.50 41.25 55.00
3 Misc. fixed assets 2.95 4.43 5.90
TOTAL 34.96 52.43 69.90

ADMINISTRATIVE OVERHEADS
S. NO. PARTICULAR LAKH
1st year 2nd year 3rd year
1 Office stationery, postage 5.00 5.5 5.75
2 Telephone 5.00 5.5 5.75
3 Travelling 10.00 11 11.5
4 Misc. 20.00 22 23
TOTAL 40.00 44.00 46.00

RAW MATERIAL
S. NO. PARTICULAR QTY RATE AMT
1 Rice Husk 37,800 2500 945
TOTAL 945
1st year 2nd year 3rd year
756.00 803.25 850.50

MAN POWER
S. NO. PARTICULAR LAKH
TOTAL 120
1st year 2nd year 3rd year
120.00 132.00 145.20

UTILITIES
S. NO. PARTICULAR LAKH
Power 12.00
FUEL 24
TOTAL 36
1st year 2nd year 3rd year
28.8 30.6 32.4

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 BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

SALES REALIZATION
S. NO. PARTICULAR NUMBER RATE LAKH
POWER 84000000.00 5.00000 4200.00
CARBON CREDITS 350.00
TOTAL 4550.00
1st year 2nd year 3rd year
3640 3867.5 4095

SELLING EXPENSES
1st year 2nd year 3rd year
1% OF THE SALES 36.4 38.675 40.95

INSURANCE
1% OF ASSETS 34.95 27.96 22.37

WORKING CAPITAL CALCULATIONS

S.NO. PARTICULARS NORM 1ST YEAR 2ND YEAR 3RD YEAR
TOTAL BANK MM TOTAL BANK MM TOTAL BANK MM
1 Raw material 15 Days 32.40 32.40 0.00 40.16 40.16 0.00 42.53 42.53 0.00
2 Salary and wages 1 Month 10.00 10.00 0.00 11.00 11.00 0.00 12.10 12.10 0.00
3 Insurance 1 Month 2.91 2.91 2.33 2.33 1.86 1.86
4 Utilities 1 Month 2.40 2.40 0.00 2.55 2.55 0.00 2.70 2.70 0.00
5 Repair and maintenance 1 Month 2.91 2.91 0.00 4.37 4.37 0.00 5.83 5.83 0.00
6 Admin. Overheads 1 Month 3.33 3.33 0.00 3.67 3.67 0.00 3.83 3.83 0.00
7 Selling expenses 1 Month 3.03 3.03 0.00 3.22 3.22 0.00 3.41 3.41 0.00
8 Work in progress 1 day 12.13 12.13 0.00 12.89 12.89 0.00 13.65 13.65 0.00
9 Finished goods 7 days 84.93 84.93 0.00 90.24 90.24 0.00 95.55 95.55 0.00
10 Sundry debtors 10 days 121.33 121.33 0.00 128.92 128.92 0.00 136.50 136.50 0.00
TOTAL 275.39 275.39 0.00 299.35 299.35 0.00 317.96 317.96 0.00

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 BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

TOTAL COST AND FINANCE

TOTAL COST OF PROJECT
S. NO. PARTICULAR LAKH
1 Land 500.00
2 Land development 100.00
2 Building 450.00
3 Plant and machinery 2750.00
4 Misc. fixed assets 295.00
5 Contingencies 174.75
6 Pre - operative expenses 445.00
7 WC 299.35
TOTAL 5014.10

MEANS OF FINANCE
S. NO. PARTICULAR LAKH
1 Promoter's contribution (20%) 1002.82
2 Term Loan (80%) 4011.28
TOTAL 5014.10

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 BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

DEPRECIATION AND INTEREST

DEPRECIATION SCHEDULE
YEAR Building 5% P & M 20% MFA 15% TOTAL CUMULATIVE
Cost as per schedule 550.00 2750.00 295.00
Pre-operative & cont. capitalised 0.00 619.75 0.00
TOTAL 550.00 3369.75 295.00
1st year Dep. 1st year 27.50 2695.80 44.25 2767.55 2767.55
WDV 522.50 673.95 250.75
2nd yearDep. 2nd year 26.13 134.79 37.61 198.53 2966.08
WDV 496.38 539.16 213.14
3rd year Dep. 3nd year 24.82 107.83 31.97 164.62 3130.70
WDV 471.56 431.33 181.17
4th year Dep. 4th year 23.58 86.27 27.18 137.02 3267.72
WDV 447.98 345.06 153.99
5th year Dep. 5th year 22.40 69.01 23.10 114.51 3382.23
WDV 425.58 276.05 130.89
6th year Dep. 6th year 21.28 55.21 19.63 96.12 3478.35
WDV 404.30 220.84 111.26
7th year Dep. 7th year 20.22 44.17 16.69 81.07 3559.42
WDV 384.09 176.67 94.57
8th year Dep. 8th year 19.20 35.33 14.19 68.72 3628.15
WDV 364.88 141.34 80.38

TERM LOAN REPAYMENT AND INTEREST SCHEDULE

OPERATOPENING BALANCE REPAYMENT CLOSING BA INTT. @ 12%
1st year 4011.28 286.52 3724.76 481.35
3724.76 286.52 3438.24
2nd year 3438.24 286.52 3151.72 412.59
3151.72 286.52 2865.20
3rd year 2865.20 286.52 2578.68 343.82
2578.68 286.52 2292.16
4th year 2292.16 286.52 2005.64 275.06
2005.64 286.52 1719.12
5th year 1719.12 286.52 1432.60 206.29
1432.60 286.52 1146.08
6th year 1146.08 286.52 859.56 137.53
859.56 286.52 573.04
7th year 573.04 286.52 286.52 68.76
286.52 286.52 0.00

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 BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

PROFITABILITY
COST OF PRODUCTION AND PROFITABILITY
S. NO. PARTICULARS I II III IV V VI VII VIII IX X
1 Raw materials 756.00 803.25 850.50 850.50 850.50 850.50 850.50 850.50 850.50 850.50
2 Utilities 28.80 30.60 32.40 32.40 32.40 32.40 32.40 32.40 32.40 32.40
3 Salary and wages 120.00 132.00 145.20 145.20 145.20 145.20 145.20 145.20 145.20 145.20
4 Repair and maintenance 34.96 52.43 69.90 69.90 69.90 69.90 69.90 69.90 69.90 69.90
5 Admn. overheads 40.00 44.00 46.00 46.00 46.00 46.00 46.00 46.00 46.00 46.00
6 Selling expenses 36.40 38.68 40.95 40.95 40.95 40.95 40.95 40.95 40.95 40.95
7 Insurance 34.95 27.96 22.37 22.37 22.37 22.37 22.37 22.37 22.37 22.37
TOTAL 1051.11 1128.91 1207.32 1207.32 1207.32 1207.32 1207.32 1207.32 1207.32 1207.32

FINANCIAL EXPENSE
1 Deprecation 2767.55 198.53 164.62 137.02 114.51 96.12 81.07 68.72 0.00 0.00
2 Interest on term loan 481.35 412.59 343.82 275.06 206.29 137.53 68.76 0.00 0.00 0.00

TOTAL 3248.90 611.12 508.45 412.08 320.80 233.65 149.84 68.72 0.00 0.00
TOTAL COST OF PRODUCTION 4300.01 1740.03 1715.76 1619.40 1528.12 1440.97 1357.15 1276.04 1207.32 1207.32
ANNUAL SALES REALIZATION 3640.00 3867.50 4095.00 4095.00 4095.00 4095.00 4095.00 4095.00 4095.00 4095.00
PROFIT BEFORE TAX -660.01 2127.47 2379.24 2475.60 2566.88 2654.03 2737.85 2818.96 2887.68 2887.68
TAXATION 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PROFIT AFTER TAX -660.01 2127.47 2379.24 2475.60 2566.88 2654.03 2737.85 2818.96 2887.68 2887.68
CUMULATIVE -660.01 1467.46 3846.70 6322.30 8889.18 11543.21 14281.05 17100.01 19987.69 22875.37

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 BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

TAXATION
TAXATION SCHEDULE
YEAR O PROFIT BEFORE TAX RELAXATION URELAXATION TAXABLE INCO INCOME TAX
1st year -660.01 0.00 0.00 0.00 0.00
2nd year 2127.47 425.49 531.87 0.00 0.00
3rd year 2379.24 475.85 594.81 0.00 0.00
4th year 2475.60 495.12 618.90 0.00 0.00
5th year 2566.88 513.38 641.72 0.00 0.00
6th year 2654.03 530.81 663.51 0.00 0.00
7th year 2737.85 547.57 684.46 0.00 0.00
8th year 2818.96 563.79 704.74 0.00 0.00
9th year 2887.68 577.54 721.92 0.00 0.00
10th yea 2887.68 577.54 721.92 0.00 0.00

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 BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

CASH FLOW AND BALANCE SHEET

PROJECTED CASH FLOW STATEMENT
S. NO. PARTICULARS COST STAGE I II III IV V VI VII VIII IX
SOURCES OF FUNDS
1 Promoters share 1002.82
2 Term loan 4011.28
3 Depreciation - 2767.55 198.53 164.62 137.02 114.51 96.12 81.07 68.72 0.00
4 Profit before tax - -660.01 2127.47 2379.24 2475.60 2566.88 2654.03 2737.85 2818.96 2887.68
5 Increase in WC limit - 275.39 23.96 18.61 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 5014.10 2382.93 2349.96 2562.47 2612.62 2681.39 2750.15 2818.92 2887.68 2887.68
APPLICATION OF FUNDS
1 Fixed assets 4714.75 - - - - - - - - -
2 Term loan payment - 573.04 573.04 573.04 573.04 573.04 573.04 573.04
3 Taxation - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Total increases in WC - 275.39 23.96 18.61 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 4714.75 848.43 597.00 591.65 573.04 573.04 573.04 573.04 0.00 0.00
OPENING BALANCE - 299.35 2033.85 4236.81 6657.63 9147.21 11705.56 14332.67 17028.55 20366.23
SURPLUS DEFICIT 299.35 1534.50 1752.96 1970.82 2039.58 2108.35 2177.11 2245.88 2887.68 2887.68
SUBSIDY 200.00
CARBON CREDITS REVENUE 450.00 450.00 450.00 450.00 450.00 450.00 450.00 450.00
CLOSING BALANCE 299.35 2033.85 4236.81 6657.63 9147.21 11705.56 14332.67 17028.55 20366.23 23703.91

PROJECTED BALANCE SHEET

S. NO. PARTICULARS COST STAGE I II III IV V VI VII VIII IX
LIABILITIES
1 Promoters share 1002.82 1002.82 1002.82 1002.82 1002.82 1002.82 1002.82 1002.82 1002.82 1002.82
2 Term Loan 4011.28 3438.24 2865.20 2292.16 1719.12 1146.08 573.04 0.00 0.00 0.00
3 Profit retained - -660.01 1467.46 3846.70 6322.30 8889.18 11543.21 14281.05 17100.01 19987.69
4 Increase in WC limit - 275.39 299.35 317.96 317.96 317.96 317.96 317.96 317.96 317.96
5 Subsidy 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00
6 CARBON CREDITS 450.00 900.00 1350.00 1800.00 2250.00 2700.00 3150.00 3600.00
TOTAL 5014.10 4256.44 6284.83 8559.64 10912.20 13356.04 15887.03 18501.83 21770.79 25108.47
ASSETS
Fixed assets 4714.75 4714.75 4714.75 4714.75 4714.75 4714.75 4714.75 4714.75 4714.75 4714.75
Less depreciation 0.00 2767.55 2966.08 3130.70 3267.72 3382.23 3478.35 3559.42 3628.15 3628.15
1 Net block 4714.75 1947.20 1748.67 1584.05 1447.03 1332.52 1236.40 1155.33 1086.60 1086.60
2 Increase in total working capital 0.00 275.39 299.35 317.96 317.96 317.96 317.96 317.96 317.96 317.96
3 Cash and bank balance 299.35 2033.85 4236.81 6657.63 9147.21 11705.56 14332.67 17028.55 20366.23 23703.91

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 BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

TOTAL 5014.10 4256.44 6284.83 8559.64 10912.20 13356.04 15887.03 18501.83 21770.79 25108.47

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 BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

DSCR AND BEP

DEBT SERVICE RATIO
S. NO. PARTICULARS I II III IV V VI VII VIII IX X
A
1 Profit after tax -660.01 2127.47 2379.24 2475.60 2566.88 2654.03 2737.85 2818.96 2887.68 2887.68
2 Depreciation 2767.55 198.53 164.62 137.02 114.51 96.12 81.07 68.72 0.00 0.00
3 Interest on term loan 481.35 412.59 343.82 275.06 206.29 137.53 68.76 0.00 0.00 0.00
TOTAL 2588.89 2738.59 2887.68 2887.68 2887.68 2887.68 2887.68 2887.68 2887.68 2887.68
B
1 Interest on term loan 481.35 412.59 343.82 275.06 206.29 137.53 68.76 0.00 0.00 0.00
2 Term loan repayment 573.04 573.04 573.04 573.04 573.04 573.04 573.04 0.00 0.00 0.00
TOTAL 1054.39 985.63 916.86 848.10 779.33 710.57 641.81 0.00 0.00 0.00

AVERAGE DSCR 4.79 1.00

BREAK EVEN POINT

S.NO. PARTICULARS AMOUNT
A FIXED EXPENSES
1 Salary and wages 145.20
2 Repair and maintenance 69.90
3 Admn. overheads 46.00
4 Depreciation 164.62
5 Interest on term loan 343.82
6 Insurance 34.95
TOTAL 769.55

B VARIABLE EXPENSES
1 Raw materials 850.50
2 Utilities 32.40
3 Selling expenses 40.95
4 Interest on WC 0.00
TOTAL 923.85

SALES REALISATION 4095.00

CONTRIBUTION 3171.15

BEP AT 70% 24%

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 BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

BEP AT 100% 17%

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 BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

0.00
2887.68
0.00
2887.68

0.00
0.00
0.00
23703.91
2887.68

450.00
27041.59

1002.82
0.00
22875.37
317.96
200.00
4050.00
28446.15

4714.75
3628.15
1086.60
317.96
27041.59

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 BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

28446.15

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 BIOMASS BASED 10 MW POWER PROJECT VAYAM TECHNOLOGIES LTD.

TOTAL

28428.94

5936.70

Page 14
 Sheet2

Detail of Land value in Lacs

Area Rate per Acre Value

7 acre 100 700 Total Area :12.168 Acres Used for Boiler & Turbine : 5.50 Acre

Cost of Building

Area Rate of Construction value

99000sq ft 0.1 1410.00

Detail of Plant & Machinery

Item Value
1 Boiler 150
2 Turbine Generator 250
3 Bag House 38.00
4 DM Plant 51.69
5 Pipe Lines , valves, Cables, Tray etc. 15
504.69

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 Sheet2

Boiler & Turbine : 5.50 Acres

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