Cost of the Project

SOURCE OF FUND:-

Particulars Total

Promoters Contribution 268,000.00

Term Loan 500,000.00

Total 768,000.00

UTILIZED FOR:-

Particulars Total
Furniture & Fittings 50,000.00
Preliminary Expense 50,000.00
Working capital 668,000.00

Total 768,000.00
 Annexure I

PROJECTED PROFITABILITY STATEMENT

Year I II III IV V

INCOME

Sales 3,999,000.00 4,198,950.00 4,408,897.50 4,629,342.38 4,860,809.49

Closing Stock 575,300.00 632,830.00 696,113.00 765,724.30 842,296.73

Total 4,574,300.00 4,831,780.00 5,105,010.50 5,395,066.68 5,703,106.22

EXPENSES

Opening Stock 575,300.00 632,830.00 696,113.00 765,724.30

Purchases 2,719,370.00 2,583,401.50 2,712,571.58 2,848,200.15 2,990,610.16
Wages 576,000.00 596,000.00 616,000.00 636,000.00 656,000.00
Rent 120,000.00 120,000.00 120,000.00 120,000.00 120,000.00
Transportation Charges 9,000.00 9,450.00 9,922.50 10,418.63 10,939.56
Mis. Expenses 4,800.00 5,040.00 5,292.00 5,556.60 5,834.43
Electricity Charges 4,920.00 5,412.00 5,953.20 6,548.52 7,203.37
Telephone & Mobile Charges 4,800.00 5,280.00 5,808.00 6,388.80 7,027.68
Interest on Term Loan 50,867.00 39,667.00 28,465.00 17,266.00 6,065.00
Depreciation 5,000.00 4,500.00 4,050.00 3,645.00 3280.50

Total 3,494,757.00 3,944,050.50 4,140,892.28 4,350,136.70 4,572,685.00

Profit before Tax 1,079,543.00 887,729.50 964,118.23 1,044,929.98 1,130,421.22

Less:- Income Tax
Profit after Tax 1,079,543.00 887,729.50 964,118.23 1,044,929.98 1,130,421.22
Add:Interest and Depreciation 55,867.00 44,167.00 32,515.00 20,911.00 9,345.50

Fund from Operation 1,135,410.00 931,896.50 996,633.23 1,065,840.98 1,139,766.72

 Annexure IV

STATEMENT OF DEBTS SERVICE COVERAGE RATIO

Years I II III IV V

Profit before Tax 1,079,543.00 887,729.50 964,118.23 1,044,929.98 1,130,421.22

Less:- Income Tax - - - - -
Profit after Tax 1,079,543.00 887,729.50 964,118.23 1,044,929.98 1,130,421.22
Add:- Interest and Depreciation 55,867.00 44,167.00 32,515.00 20,911.00 9,345.50

Fund from Operation 1,135,410.00 931,896.50 996,633.23 1,065,840.98 1,139,766.72

Repayment of loan and interest 190,871.00 190,871.00 168,469.00 157,270.00 157,270.00

DSCR 5.95 4.88 5.92 6.78 7.25

Average Debt Service Coverage Ratio 6.15

 Annexure II

PROJECTED BALANCE SHEET

Opening I II III IV V
Years Amount in Rs.

Liabilities

Capital 268,000.00 268,000.00 268,000.00 268,000.00 268,000.00 268,000.00

Profit & Loss A/c - 1,079,543.00 1,967,272.50 2,931,390.73 3,976,320.70 5,106,741.93
Drawings (220,000.00) (240,000.00) (260,000.00) (280,000.00) (300,000.00)
Expense Payable 6,000.00 6,600.00 7,260.00 7,986.00 8,784.60
Term Loan 500,000.00 559,996.00 419,992.00 279,988.00 139,984.00 -

Total 768,000.00 1,693,539.00 2,421,864.50 3,226,638.73 4,112,290.70 5,083,526.53

Assets

Fixed Assets 50,000.00 45,000.00 40,500.00 36,450.00 32,805.00 29,524.50

Debtors - 80,000.00 105,000.00 130,000.00 155,000.00 180,000.00
Investments 120,000.00 132,000.00 145,200.00 159,720.00 175,692.00
Closing Stock 575,300.00 632,830.00 696,113.00 765,724.30 842,296.73
Cash & Bank Balance 718,000.00 873,239.00 1,511,534.50 2,218,875.73 2,999,041.40 3,856,013.30

Total 768,000.00 1,693,539.00 2,421,864.50 3,226,638.73 4,112,290.70 5,083,526.53

 Annexure III

PROJECTED CASH FLOW STATEMENT

Years Opening I II III IV V

Sources

Fund from Operations 1,135,410.00 931,896.50 996,633.23 1,065,840.98 1,139,766.72

Capital 268,000.00
Increase in Expense Payable 6,000.00 600.00 660.00 726.00 798.60
Term Loan 500,000.00

Total 768,000.00 1,141,410.00 932,496.50 997,293.23 1,066,566.98 1,140,565.32

Application

Fixed Assets 50,000.00

Drawings 220,000.00 20,000.00 20,000.00 20,000.00 20,000.00
Repayment of Term Loan 140,004.00 140,004.00 140,004.00 140,004.00 139,984.00
Repayment of Interest 50,867.00 39,667.00 28,465.00 17,266.00 6,065.00
Increase in Debtors - 80,000.00 25,000.00 25,000.00 25,000.00 25,000.00
Increase in Investments 120,000.00 12,000.00 13,200.00 14,520.00 15,972.00
Increase in Stock 575,300.00 57,530.00 63,283.00 69,611.30 76,572.43

Total 50,000.00 1,186,171.00 294,201.00 289,952.00 286,401.30 283,593.43

Net Cash Accruel (44,761.00) 638,295.50 707,341.23 780,165.68 856,971.89

Opening Cash Balance - 718,000.00 673,239.00 1,311,534.50 2,018,875.73 2,799,041.40
Closing Cash Balance 718,000.00 673,239.00 1,311,534.50 2,018,875.73 2,799,041.40 3,656,013.30
 Annexure IV

DETAILS OF TERM LOAN REPAYMENT

LOAN AMOUNT 700,000.00

Rate of Interest 0.08 Per Annum
Term of loan 5.00 Years
Repayment 60.00 Monthly Instalment

Amount in Rs.
Principal Principal
Sl. No. Outstanding Repayment Balance Principal Interest Annual Principal Annual Total
Repayment Interest Repayment

Year I 1 700,000.00 11,667.00 688,333.00 4,667.00

2 688,333.00 11,667.00 676,666.00 4,589.00
3 676,666.00 11,667.00 664,999.00 4,511.00
4 664,999.00 11,667.00 653,332.00 4,433.00
5 653,332.00 11,667.00 641,665.00 4,356.00
6 641,665.00 11,667.00 629,998.00 4,278.00
7 629,998.00 11,667.00 618,331.00 4,200.00
8 618,331.00 11,667.00 606,664.00 4,122.00
9 606,664.00 11,667.00 594,997.00 4,044.00
10 594,997.00 11,667.00 583,330.00 3,967.00
11 583,330.00 11,667.00 571,663.00 3,889.00
12 571,663.00 11,667.00 559,996.00 3,811.00 140004.00 50867.00 190871.00

Year II 1 559,996.00 11,667.00 548,329.00 3,733.00

2 548,329.00 11,667.00 536,662.00 3,656.00
3 536,662.00 11,667.00 524,995.00 3,578.00
4 524,995.00 11,667.00 513,328.00 3,500.00
5 513,328.00 11,667.00 501,661.00 3,422.00
6 501,661.00 11,667.00 489,994.00 3,344.00
7 489,994.00 11,667.00 478,327.00 3,267.00
8 478,327.00 11,667.00 466,660.00 3,189.00
9 466,660.00 11,667.00 454,993.00 3,111.00
10 454,993.00 11,667.00 443,326.00 3,033.00
11 443,326.00 11,667.00 431,659.00 2,956.00
12 431,659.00 11,667.00 419,992.00 2,878.00 140004.00 39667.00 179671.00

Year III 1 419,992.00 11,667.00 408,325.00 2,800.00

2 408,325.00 11,667.00 396,658.00 2,722.00
3 396,658.00 11,667.00 384,991.00 2,644.00
4 384,991.00 11,667.00 373,324.00 2,567.00
5 373,324.00 11,667.00 361,657.00 2,489.00
6 361,657.00 11,667.00 349,990.00 2,411.00
7 349,990.00 11,667.00 338,323.00 2,333.00
8 338,323.00 11,667.00 326,656.00 2,255.00
9 326,656.00 11,667.00 314,989.00 2,178.00
10 314,989.00 11,667.00 303,322.00 2,100.00
11 303,322.00 11,667.00 291,655.00 2,022.00
12 291,655.00 11,667.00 279,988.00 1,944.00 140004.00 28465.00 168469.00
 Principal Principal
Sl. No. Outstanding Repayment Balance Principal Interest Annual Principal Annual Total
Repayment Interest Repayment

Year IV 1 279,988.00 11,667.00 268,321.00 1,867.00

2 268,321.00 11,667.00 256,654.00 1,789.00
3 256,654.00 11,667.00 244,987.00 1,711.00
4 244,987.00 11,667.00 233,320.00 1,633.00
5 233,320.00 11,667.00 221,653.00 1,555.00
6 221,653.00 11,667.00 209,986.00 1,478.00
7 209,986.00 11,667.00 198,319.00 1,400.00
8 198,319.00 11,667.00 186,652.00 1,322.00
9 186,652.00 11,667.00 174,985.00 1,244.00
10 174,985.00 11,667.00 163,318.00 1,167.00
11 163,318.00 11,667.00 151,651.00 1,089.00
12 151,651.00 11,667.00 139,984.00 1,011.00 140004.00 17266.00 157270.00

Year V 1 139,984.00 11,667.00 128,317.00 933.00

2 128,317.00 11,667.00 116,650.00 855.00
3 116,650.00 11,667.00 104,983.00 778.00
4 104,983.00 11,667.00 93,316.00 700.00
5 93,316.00 11,667.00 81,649.00 622.00
6 81,649.00 11,667.00 69,982.00 544.00
7 69,982.00 11,667.00 58,315.00 467.00
8 58,315.00 11,667.00 46,648.00 389.00
9 46,648.00 11,667.00 34,981.00 311.00
10 34,981.00 11,667.00 23,314.00 233.00
11 23,314.00 11,667.00 11,647.00 155.00
12 11,647.00 11,647.00 - 78.00 139984.00 6065.00 146049.00
 Annexure V

DEPRECIATION SCHEDULE

Rate I year 2nd year 3 rd year 4 th year 5 th year

Assets Cost
% Dep WDV Dep WDV Dep WDV Dep WDV Dep WDV

Furniture & Fittings 10.00 50,000.00 5,000.00 45,000.00 4,500.00 40,500.00 4,050.00 36,450.00 3,645.00 32,805.00 3,280.50 29,524.50

50,000.00 5,000.00 45,000.00 4,500.00 40,500.00 4,050.00 36,450.00 3,645.00 32,805.00 3,280.50 29,524.50