Annexure 1 - Estimated cost of the project

Estimated cost of project

Grand Total (in
Sr. No. Particulars lakhs)
1 Land and site development
(a) Land (Lease in name of company) Owned
Total -

2 Building & Site Development

(a) Civil Work 250.00
Warehouse Shed (6720 MT)
Other Civil Structure
Total 250.00

Total -

Total Cost of Project 250.00

Annexure 2 - Means of Finance

Sr. No. Item Ratio Grand Total (in lakhs)

1 Promoter's equity 20% 50.00
2 Eligible Assistance -
3 Term Loan 200.00
Subsidy From NABARD 80%
(33.33% Subsidy for Female, Max
66.66 Lakhs) -
Total 250.00
Annexure 3 - Complete Estimate of Civil and Plant and Machinery

Complete Estimate of Civil and plant and machinery In Lakhs

1. Civil work and other Area/ capacity Units Rate Amt
1 Warehouse Sheds 200
2 Office, Servant Room & WB Room 50
Total (Civil work) 250
Annexure 4 - Estimated Cost of Production

Sr. No Description Year ending March 31st

I II III IV V VI VII VIII IX
No of Working months 12 12 12 12 12 12 12 12 12
Capacity in MT 6720
Revenue per Sq. feet 110.00 116.05 122.43 129.17 136.27 143.77 151.67 160.01 168.82
(Increase per year 5.5%)
75% 80% 85% 90% 95% 100% 100% 100% 100%
Expected sales revenue 6,652,800 7,486,618 8,392,030 9,374,392 10,439,427 11,593,258 12,230,887 12,903,586 13,613,283

Administrative salaries and wages 1,704,000 2,044,800 2,453,760 2,944,512 3,533,414 4,240,097 4,494,503 4,764,173 5,050,024
Electricity Expenses 62,000 62,600 63,230 63,892 64,586 65,315 65,315 65,315 65,315
Stationery expenses 10,000 10,200 10,404 10,612 10,824 11,041 11,262 11,487 11,717
Repair & Maintenance Expenses 500,000 750,000 1,050,000 1,470,000 1,764,000 2,116,800 2,328,480 2,561,328 2,817,461
Total 2,276,000 2,867,600 3,577,394 4,489,016 5,372,825 6,433,253 6,899,560 7,402,304 7,944,516
Cost of Sales 2,276,000 2,867,600 3,577,394 4,489,016 5,372,825 6,433,253 6,899,560 7,402,304 7,944,516

Gross Profit 4,376,800 4,619,018 4,814,636 4,885,376 5,066,602 5,160,005 5,331,327 5,501,282 5,668,767

Financial expense
Interest on Term Loan 432,675 1,557,450 1,280,250 1,003,050 725,850 448,650 171,450 - -
Interest on WC Loan - - - - - - - - -
Total 432,675 1,557,450 1,280,250 1,003,050 725,850 448,650 171,450 - -

Operating profits (PBTD) 3,944,125 3,061,568 3,534,386 3,882,326 4,340,752 4,711,355 5,159,877 5,501,282 5,668,767
Depreciation 2,500,000 2,250,000 2,025,000 1,822,500 1,640,250 1,476,225 1,328,603 1,195,742 1,076,168
Other income - Subsidy for loan repayment - - - - - - - - -
Net Profit before Tax 1,444,125 811,568 1,509,386 2,059,826 2,700,502 3,235,130 3,831,275 4,305,540 4,592,599
Income Tax 330,416 185,687 345,348 471,288 617,875 740,198 876,596 985,108 1,050,787
Profits after Tax 1,113,709 625,881 1,164,039 1,588,538 2,082,627 2,494,932 2,954,679 3,320,433 3,541,812
Profit transfer to balance sheet 1,113,709 625,881 1,164,039 1,588,538 2,082,627 2,494,932 2,954,679 3,320,433 3,541,812
Net Profit Ratio 16.74 8.36 13.87 16.95 19.95 21.52 24.16 25.73 26.02

1. Warehouse electricity are semi-fixed cost. Rs. 50,000 pa is fixed, balance is variable at Rs. 12 per unit usage
2. Electricity usage in units is given below
Usage in units 1000.00 1050.00 1102.50 1157.63 1215.51 1276.28 1276.28 1276.28 1276.28
Variable cost 12000.00 12600.00 13230.00 13891.50 14586.08 15315.38 15315.38 15315.38 15315.38
3. Stationery expense is fixed at Rs. 10,000 with annual increase of 2%
4. Revenue is Rs. 12 per Sq Feet per day which increase at 5.5% per annum
Capacity utilization in year I is 75% which will increase 5% annually
Annexure 5- Projected balance sheet

Projected Baalance sheet

Sr. Year ending March 31st

No Description I II III IV V VI VII VIII IX
A Asset
1 Fixed Capital expenditure
Gross Block 25,000,000 22,500,000.00 20,250,000.00 18,225,000.00 16,402,500.00 14,762,250.00 13,286,025.00 11,957,422.50 10,761,680.25
Less- Depreciation 2,500,000 2,250,000.00 2,025,000.00 1,822,500.00 1,640,250.00 1,476,225.00 1,328,602.50 1,195,742.25 1,076,168.03
net Block 22,500,000 20,250,000.00 18,225,000.00 16,402,500.00 14,762,250.00 13,286,025.00 11,957,422.50 10,761,680.25 9,685,512.23
2 Trade Receivable 388,080 436,719 489,535 546,840 608,967 676,273 713,468 752,709 794,108
3 Cash/ bank balance 2,325,296 2,301,837 2,669,210 3,371,712 4,520,033 6,123,740 9,066,768 14,940,914 21,460,123
Total assets 25,213,376 22,988,557 21,383,745 20,321,051 19,891,249 20,086,038 21,737,659 26,455,304 31,939,743

B Liabilities
1 Capital 5,000,000 6,113,709 6,739,590 7,903,629 9,492,167 11,574,794 14,069,726 17,774,405 21,094,837
Add- Profit 1,113,709 625,881 1,164,039 1,588,538 2,082,627 2,494,932 2,954,679 3,320,433 3,541,812
Add-Addition during the Year 750,000 - -
Less- Drawings - - - - - - - - -
Closing capital 6,113,709 6,739,590 7,903,629 9,492,167 11,574,794 14,069,726 17,774,405 21,094,837 24,636,650
2 Long Term Loan 18,460,000 15,380,000 12,300,000 9,220,000 6,140,000 3,060,000 - - -
3 Working capital - - - - - - - -
4 Trade Payable 189,667 238,967 298,116 374,085 447,735 536,104 574,963 616,859 662,043
5 Other Current Liabilities 450,000 630,000 882,000 1,234,800 1,728,720 2,420,208 3,388,291 4,743,608 6,641,051
Total liabilities 25,213,376 22,988,557 21,383,745 20,321,051 19,891,249 20,086,038 21,737,659 26,455,304 31,939,743
- - - - - - - - -
Current Ratio
Current Assets 2,713,376 2,738,557 3,158,745 3,918,551 5,128,999 6,800,013 9,780,237 15,693,623 22,254,231
Current Liabilities 639,667 868,967 1,180,116 1,608,885 2,176,455 2,956,312 3,963,255 5,360,466 7,303,094
Ratio 4.24 3.15 2.68 2.44 2.36 2.30 2.47 2.93 3.05
2.84
Debt Equity ratio
Debt 18,460,000 15,380,000 12,300,000 9,220,000 6,140,000 3,060,000 - - -
Equity 6,113,709 6,739,590 7,903,629 9,492,167 11,574,794 14,069,726 17,774,405 21,094,837 24,636,650
Ratio 3.02 2.28 1.56 0.97 0.53 0.22 0.00 0.00 0.00
Average 0.95

Fixed asset coverage ratio

Fixed assets 22,500,000 20,250,000 18,225,000 16,402,500 14,762,250 13,286,025 11,957,423 10,761,680 9,685,512
Debt 18,460,000 15,380,000 12,300,000 9,220,000 6,140,000 3,060,000 - - -
ratio 1.22 1.32 1.48 1.78 2.40 4.34 0.00 0.00 0.00
1.39

Debt service coverage ratio

Interest on loan (TL + WC) 432,675 1,557,450 1,280,250 1,003,050 725,850 448,650 171,450 - -
Instalment of loan 1,540,000 3,080,000 3,080,000 3,080,000 3,080,000 3,080,000 2,310,000 - -
Total 1,972,675 4,637,450 4,360,250 4,083,050 3,805,850 3,528,650 2,481,450 - -
Net operating income 4,376,800 4,619,018 4,814,636 4,885,376 5,066,602 5,160,005 5,331,327 5,501,282 5,668,767
ratio 2.22 1.00 1.10 1.20 1.33 1.46 2.15 0.00 0.00
Average 1.37

1. asssumed that 30 days of purchases are average creditors maintained

2. assumed that 21 days of sales are average debtors maintained by the business
Annexure 8 - Details of Mnpower

Details of Manpower

Salary per person per

S. No. Designation In no. month Monthly cost
i. Unskilled Worker 8 12,000 1,152,000
ii. Accountant 1 26,000 312,000
iii. Security 2 10,000 240,000
Total 1,704,000

Add: benefits @ 20% 340,800

Total 2,044,800

Total annual wages 2,044,800

Annual increase in wages 1.20%
Total Manpower 11
Annexure 9 - Computation of Depreciation

Computation of Depreciation

Sr. No. Building and civil work Plant and Machinery Misc Fixed Asset Amount in lakhs
i. Cost 25,000,000 - - 250
ii. Pre operatives - - - -
iii. Contingencies - - - -
Total 250

Rates of
Depreciation 10% 15% 10% Total

Year 1 2,500,000.00 - - 2,500,000.00

Year 2 2,250,000.00 - - 2,250,000.00
Year 3 2,025,000.00 - - 2,025,000.00
Year 4 1,822,500.00 - - 1,822,500.00
Year 5 1,640,250.00 - - 1,640,250.00
Year 6 1,476,225.00 - - 1,476,225.00
Year 7 1,328,602.50 - - 1,328,602.50
Year 8 1,195,742.25 - - 1,195,742.25
Year 9 1,076,168.03 - - 1,076,168.03
Annexure 10 - Calculation of Income tax

Calculation of Income Tax

Year ending March 31st

Particulars 2024 2025 2026 2027 2028 2029 2030 2031 2032
Net profit before tax 1,444,125 811,568 1,509,386 2,059,826 2,700,502 3,235,130 3,831,275 4,305,540 4,592,599
Add- dep on wdv 2,500,000 2,250,000 2,025,000 1,822,500 1,640,250 1,476,225 1,328,603 1,195,742 1,076,168
Sub total 3,944,125 3,061,568 3,534,386 3,882,326 4,340,752 4,711,355 5,159,877 5,501,282 5,668,767
Less- Dep on WDV 2,500,000 2,250,000 2,025,000 1,822,500 1,640,250 1,476,225 1,328,603 1,195,742 1,076,168
Sub total 1,444,125 811,568 1,509,386 2,059,826 2,700,502 3,235,130 3,831,275 4,305,540 4,592,599
Less - Deductions - - - - - - - - -
Taxable profits 1,444,125 811,568 1,509,386 2,059,826 2,700,502 3,235,130 3,831,275 4,305,540 4,592,599
Income tax @22.88% 330,416 185,687 345,348 471,288 617,875 740,198 876,596 985,108 1,050,787
Annexure 13 - Repayment schedule

Repayment schedule
Amount of Loan (in lakhs) 200.00
Amount of subsidy (in lakhs) 50.00
Rate of interest 9.00%
Moratorium period 6 months

Year Quarter Balance outstanding Principal instalment Interest

1 200.00 0 0.00
2 200.00 0 0.00 9.583333
1
3 200.00 7.70 0.00
4 192.30 7.70 4.33
1 184.60 7.70 4.15
2 176.90 7.70 3.98
2
3 169.20 7.70 3.81
4 161.50 7.70 3.63
1 153.80 7.70 3.46
2 146.10 7.70 3.29
3
3 138.40 7.70 3.11
4 130.70 7.70 2.94
1 123.00 7.70 2.77
2 115.30 7.70 2.59
4
3 107.60 7.70 2.42
4 99.90 7.70 2.25
1 92.20 7.70 2.07
2 84.50 7.70 1.90
5
3 76.80 7.70 1.73
4 69.10 7.70 1.55
1 61.40 7.70 1.38
2 53.70 7.70 1.21
6
3 46.00 7.70 1.04
4 38.30 7.7 0.86
1 30.60 7.7 0.69
2 22.9 7.7 0.52
7
3 15.2 7.7 0.34
4 7.5 0.00 0.17
Cash Flow operations

Particulars I II III IV V VI VII VIII IX

Opening cash Balance - 2,325,295.87 2,301,837.44 2,669,210.00 3,371,711.90 4,520,032.67 6,123,739.83 9,066,768.36 14,940,914.24
Add: Sales realizations 6,264,720.00 7,049,898.24 7,902,495.31 8,827,552.11 9,830,460.12 10,916,984.66 11,517,418.81 12,150,876.85 12,819,175.07
Less: Payment made to creditors of previos year - 189,666.67 238,966.67 298,116.17 374,084.63 447,735.40 536,104.46 574,963.34 616,858.63
Add: Payment made to Other Current Liabilities 450,000.00 180,000.00 252,000.00 352,800.00 493,920.00 691,488.00 968,083.20 1,355,316.48 1,897,443.07
Add: Receipts from debtors of previos year - 388,080.00 436,719.36 489,535.11 546,839.51 608,966.56 676,273.39 713,468.42 752,709.19
Less: Payments made for current year purchase 2,086,333.33 2,628,633.33 3,279,277.83 4,114,930.95 4,925,089.40 5,897,149.01 6,324,596.78 6,785,444.91 7,282,473.44
Less: Interest payments 432,675.00 1,557,450.00 1,280,250.00 1,003,050.00 725,850.00 448,650.00 171,450.00 - -
4,195,711.67 5,567,524.11 6,094,557.61 6,923,000.10 8,217,907.50 9,943,937.47 12,253,363.99 15,926,021.85 22,510,909.51
Income tax 330,415.80 185,686.67 345,347.61 471,288.20 617,874.83 740,197.65 876,595.63 985,107.61 1,050,786.60
3,865,295.87 5,381,837.44 5,749,210.00 6,451,711.90 7,600,032.67 9,203,739.83 11,376,768.36 14,940,914.24 21,460,122.91
3,865,295.87 5,381,837.44 5,749,210.00 6,451,711.90 7,600,032.67 9,203,739.83 11,376,768.36 14,940,914.24 21,460,122.91
Less: Principal repayment of loan 1,540,000.00 3,080,000.00 3,080,000.00 3,080,000.00 3,080,000.00 3,080,000.00 2,310,000.00
Closing cash balance 2,325,295.87 2,301,837.44 2,669,210.00 3,371,711.90 4,520,032.67 6,123,739.83 9,066,768.36 14,940,914.24 21,460,122.91