COST OF PROJECT

(Rs. In lacs)
Particulars

Land & Site Development 3.10

Building 270.00

Plant & Machinery 124.00

Misc. Fixed Assets 1.00

Margin Money for Working Capital 35.27

Other Current Assets & Securities 3.50

IDCP 5.50

Preliminary & Pre-operative Expenses 1.00

Total 443.37

MEANS OF FINANCE

Particulars (Rs. In lacs)

Share Capital including share premium 134.00

Term Loan 225.00

Venture Capital Fund 34.84

Unsecured Loan from

Friends & Relatives 49.53

Total 443.37

Note:
As per the Ministry of Agriculture (Horticulture Div.) guidelines the project will be eligible
for 40% Capital Subsidy on new cold storage unit.
(Subsidy available would be Rs. 120.00 Lacs)
 DETAILS OF PLANT & MACHINERY

S.NO. PARTICULARS NO.

SECTION – A
1 FRICK-VILTER 450XL series high speed single stage multi cylinder 1
reciprocating ammonia compressor, complete with Flywheel,
Safety valve, Oil sight glass , Suction and Discharge
valves, Drive accessories comprising of motor pulley, V-belts
and belt guard, tools, wrenches & foundation bolts & gauge cum
control panel and capacity control arrangement and skid mounting.
MODEL : 454 XL
CAPACITY : 58.3 TR at - 3°C SST and 40°C DST
RPM : 950
Power Consumed : 75.0 HP

2 FRICK-VILTER 450XL series high speed single stage multi cylinder 1

reciprocating ammonia compressor, complete with Flywheel,
Safety valve, Oil sight glass , Suction and Discharge
valves, Drive accessories comprising of motor pulley, V-belts
and belt guard, tools, wrenches & foundation bolts & gauge cum
control panel and capacity control arrangement and skid mounting.
MODEL : 456 XL
CAPACITY : 78.2 TR at - 3°C SST and 40°C DST
RPM : 850
Power Consumed : 89.4 BHP

3 FRICK Ammonia Oil Separator Scrubber types size Fos: 16 2

complete with flanged connections with valves, flanges etc.

4 FRICK ammonia receiver of size 24” dia x 20’ long made as per 1
ASME Sec. VIII with Safety Valve and Gauge Glass.

5 FRICK model ATR-36 ceiling suspended frigid coil air 32

Cooling unit complete with finned cooling coil hot dip galvanized
after fabrication. Total GI enclosure and drain pan with water defrost
arrangement MARATHON fans 3 nos. 0.5 HP, expansion valve etc.

6 Stand condenser atmospheric type ammonia fabricated from 2” ‘C’ 24

Class TATA pipe each having single row 12 pipes high x 20’ long
complete with liquid and gas valves, water sprinklers, headers, gas
& liquid header.

7 FRICK manual gas purger with safety valves and Gauge glass. 1

8 Set of refrigerant M.S. TATA pipe & fittings to interconnect high & Lot
low side equipment as per our design and close hook up of the
equipment including FRICK valves as per ASTM-105 design for
safety.

9 Frick make Low pressure receiver Size 48” dia x12’L. 1

10 Frick make Liquid ammonia pump FLPA-7 complete with motor, 2

strainer valves and base frame.

11 Controls for Low pressure receiver and Ammonia Pumps. Set

 SECTION – B
1 Siemens /Crompton/Marathon make 75 HP TEFC Sq. cage 1
induction motor suitable for operation on 400/440 volts, 3 phase, 50
cycles, 1440 RPM, AC supply.

2 Siemens /Crompton/Marathon make 100 HP TEFC Sq. cage 1

induction motor suitable for operation on 400/440 volts, 3 phase, 50
cycles, 1440 RPM, AC supply.

3 L&T/Siemens make 75 HP star delta starter 2

4 Becon /Kirloskar/ jyoti make 5 HP mono block pump set for 3

condenser water circulation suitable for 400/440 volts, 3 phase, 50
cycles, 2900 RPM AC supply. (1W+1Sby.)

5 Set of GI pipes and pipe fittings for condenser water circulation as Lot
per our design & based on assumption that condensers shall be
placed at a distance of not more than 5 meters from the plant room.
It is including drain and defrost piping with suitable pump.

6 Frick make MCC type panel Electrical wiring material for complete Lot
plant including Switch board, switches, conduits, wires and cables

SECTION – C

1 We in Wet return Line Insulation with thermocole and alluminum cladding over Lot
insulation in machine room only.

2 First charge of Ammonia gas and Oil. Lot

Frick make Cold Storage PUF door made out of wooden frame Metal
3 cladded seat with latches, hinges, pushbar. 4 Nos.
Size 78"x36"x80mm thick

SECTION – D

1 Erection, Testing and commissioning of the complete refrigerant Job

plant

PRICE SCHEDULE

Section-A : Rs.8529460.00
Section-B : Rs.1382300.00
Section-C : Rs. 806000.00
Section-D : Rs. 300000.00

TOTAL : Rs.11017760.00

TOTAL COST OF MACHINERY (Rs. In Lacs)

Price as per list shown above 110.18

200 KVA DG Set CUMMINS 10.25
250 KVA Transformer 3.50

TOTAL 123.93
or Say Rs. 124.00
CALCULATION OF WORKING CAPITAL LIMIT

Capacity of cold storage : 70010.00 Qtls.

Capacity Utilization in first year 90.00%

Capacity at 90% 63009.00 Qtls.

Assuming 50% advance to be distributed 31504.50 Qtls.

Advance to be given to farmers @ Rs.350/- per Qtl. : Rs. 11026575.00

Amount in Rs. Lacs : Rs. 110.27

Allowing 30% Margin : Rs. 33.08

Proposed amount of working capital limit : Rs. 77.19

Or Say : Rs. 75.00 Lacs

CALCULATION OF CHAMBER CAPACITY

Chamber No. Length Breadth Height Capacity

(in meters) (in meters) (in meters) (in cubic meter)

I 28.04 15.24 12.80 5469.82

II 28.04 15.24 12.80 5469.82

III 28.04 15.24 12.80 5469.82

IV 28.04 15.24 12.80 5469.82

Total Chamber capacity in cubic meters 21879.28

Chamber Capacity in Qtls. = 21879.28* 3.20

= 70013.68 Qtls.

Or Say 70010 Qtls.

STATEMENT OF GROSS RECEIPTS

Particulars Installed Cap. Rate/Qtl Gross Receipts

Rent 70010 Qtls. 130.00 9101300.00

Total Revene 9101300.00

or Say Rs. 91.00 Lacs

At 95% Capacity Rs. 86.45 Lacs

At 90% Capacity Rs. 81.90 Lacs

Assuming 5% increase after every two years.

REQUIREMENT OF RAW MATERIAL & CONSUMABLES

Particulars Qty. (Mt/Annum) Rate/Mt. Total Cost

Ammonia Gas 3500.50 32.00 112016.00

(50 kg. Per 1000 Qtl.)
Compressor Oil 35000.00

Total Cost 147016.00

or Say Rs. 1.47 Lacs

At 95% Capacity Rs. 1.40 Lacs

At 90% Capacity Rs. 1.32 Lacs

STATEMENT OF REPAYMENT OF TERM LOAN

Term Loan 30.00 37.00

(Rs. In Lacs)
Particulars I II III IV V VI VII

Opening Balance 225.00 203.00 175.00 140.00 105.00 70.00 35.00

Less: Repayment 22.00 28.00 35.00 35.00 35.00 35.00 35.00

Closing Balance 203.00 175.00 140.00 105.00 70.00 35.00 0.00

Interest on Term Loan 19.26 17.01 14.18 11.03 7.88 4.73 1.58

Note: Interest on Term loan has been calculated without deducting the amount of subsidy to be received from NABARD. If the amount of
Subsidy is considered it will improve the profitability of the project by a fair amount.

STATEMENT OF DEPRECIATION
(Rs. In Lacs)

Particulars Rate WDV I II III IV V VI VII

Land & Site Developm - 3.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Building 10.00% 275.50 27.55 ### 24.80 ### 22.32 ### 20.08 ### 18.08 ### 16.27 ### 14.64 118.59

Plant & Machinery 13.91% 124.00 17.25 ### 14.85 ### 12.78 ### 11.01 ### 9.47 ### 8.16 ### 7.02 37.41

Misc Fixed Assets 18.10% 1.00 0.18 ### 0.15 ### 0.12 ### 0.10 ### 0.08 ### 0.07 ### 0.05 0.20

Total 403.60 44.99 39.79 35.22 31.20 27.63 24.49 21.72

Note : Interest during construciton period (IDCP) has been capitalised along with the cost of the building and depreciation on IDCP has been
claimed accordingly.
STATEMENT OF COST OF LABOUR

Salary per
No of Employee
S. No. Particulars Employees per month Total

1 Refrigration Engineer 1 3500/- = 3500.00

2 Supervisior 1 3000/- = 3000.00

3 Machine Operator 2 2500/- = 5000.00

4 Unskilled Labour 2 2500/- = 5000.00

5 Accountant 1 2500/- = 2500.00

6 Security Guard 1 2000/- = 2000.00

Total Salary per month = 21000.00

Salary per annum = Rs. 23000*12

= Rs. 252000 Lacs

or Say = Rs. 2.52 Lacs

CALCULATION OF POWER AND FUEL

Total Load = 180 KVA

No. of effective working hours

on the start of season
of 60 days = 15*180 Hours

After maintaining termperature

in the remaining 190 days = 10*180 Hours

60 * 15 * 180 * 0.80 = 129600 KW

190 * 10 * 180 * 0.80 = 273600 KW

Total Units Consumed = 403200 KW

Total Expenditure = 403200 * Rs. 4.50 per KW

= Rs. 1814400

Total Electricity Expenses = Rs. 1814400

or Say Rs. 18.14 Lacs

At 95% Capacity Rs. 17.24 Lacs

At 90% Capacity Rs. 16.33 Lacs

PROJECTED PROFITABILITY STATEMENT
(Rs. In Lacs)
Particulars I II III IV V VI VII
Capacity (Qtls) 63009 66510 70010 70010 70010 70010 70010
Capacity Utilisation (in %) 90% 95% 100% 100% 100% 100% 100%

Rent Receipts 81.90 86.45 91.00 91.00 91.00 91.00 91.00

Intt. On Advance to Farmers 12.00 12.00 12.00 12.00 12.00 12.00 12.00

Total 93.90 98.45 103.00 103.00 103.00 103.00 103.00

Loading & Unloading 1.26 1.33 1.40 1.40 1.40 1.40 1.40

Raw Materials 1.32 1.40 1.47 1.47 1.47 1.47 1.47

Power & Diesel 16.33 17.24 18.14 18.14 18.14 18.14 18.14

Repair & Maintenance 0.00 0.25 0.28 0.30 0.33 0.37 0.40

Salary & Wages 2.52 2.58 2.65 2.71 2.78 2.85 2.92

Selling & Administration 0.30 0.35 0.40 0.45 0.50 0.55 0.60

Profit before Intt.

& Depreciation 72.17 75.30 78.66 78.52 78.37 78.22 78.06

Depreciation 44.99 39.79 35.22 31.20 27.63 24.49 21.72

Interest On Term Loan 13.76 17.01 14.18 11.03 7.88 4.73 1.58

Interest on Cash Credit 5.00 5.00 5.00 5.00 5.00 5.00 5.00

Preliminary and Pre-

operative exp. w/o 0.20 0.20 0.20 0.20 0.20 0.00 0.00

Profit before Tax 8.22 13.30 24.07 31.10 37.66 43.99 49.77

Provision for Tax 0.00 0.00 0.00 0.00 0.00 1.00 1.50

Profit After Tax 8.22 13.30 24.07 31.10 37.66 42.99 48.27

Add: Depreciation 44.99 39.79 35.22 31.20 27.63 24.49 21.72

Add :Pre-operative Exp 0.20 0.20 0.20 0.20 0.20 0.00 0.00

Cash Accruals 53.41 53.29 59.49 62.49 65.50 67.49 70.00

 BREAK EVEN POINT
(At 100% Capacity)
(Rs. In Lacs)

PARTICULARS FIXED VARIABLE

EXPENSES EXPENSES

Loading & Unloading Charges -- 1.40

Raw Material Consumables -- 1.47

Power & Fuel -- 18.14

Repair & Maintenance 0.05 0.25

Salary & Wages 0.40 2.25

Administration & Selling Exp. 0.10 0.30

Interest on Term Loan 14.18 --

Depreciation 35.22 --

49.95 23.81

Gross Receipts = 91.00 Lacs

Fixed Cost - Dep.

Cash Break Even Point = ---------------------------- x Capacity Utilisation
Sales - Variable Cost

49.95 - 35.22
= ------------------ x 100
91.00 - 23.81

= 21.92%

Fixed Cost
Break Even Point = ---------------------------- x Capacity Utilisation
Sales - Variable Cost

49.95
= ------------------ x 100
91.00 - 23.81

= 74.34%
PROJECTED FUND FLOW STATEMENT

(Rs. In Lacs)
Particulars I II III IV V VI VII

Sources Of Fund

Share Capital 134.00 0.00 0.00 0.00 0.00 0.00 0.00

Term Loan 225.00 0.00 0.00 0.00 0.00 0.00 0.00

Venture Capital Fund 34.84 0.00 0.00 0.00 0.00 0.00 0.00

Cash Credit Limit 75.00 0.00 0.00 0.00 0.00 0.00 0.00
(For Advance to farmers)

Unsecured Loan 49.53 0.00 0.00 0.00 0.00 0.00 0.00

Current Liabilities 0.00 0.50 0.10 0.10 0.10 0.10 0.10

Cash Accruals 53.41 53.29 59.49 62.49 65.50 67.49 70.00

Total 571.78 53.79 59.59 62.59 65.60 67.59 70.10

Application of Funds

Land & Site Development 3.10 0.00 0.00 0.00 0.00 0.00 0.00

Building 270.00 0.00 0.00 0.00 0.00 0.00 0.00

Plant & Machinery 124.00 0.00 0.00 0.00 0.00 0.00 0.00

Misc. Fixed Assets 1.00 0.00 0.00 0.00 0.00 0.00 0.00

Advance to Farmers 110.27 0.00 0.00 0.00 0.00 0.00 0.00

Other Current Assets 3.50 0.10 0.10 0.10 0.10 0.10 0.10

Repayment Of T/L 22.00 28.00 35.00 35.00 35.00 35.00 35.00

Repayment of Venture Capital 0.00 0.00 0.00 0.00 0.00 34.84

IDCP 5.50 0.00 0.00 0.00 0.00 0.00 0.00

Pre-operative Exp 1.00 0.00 0.00 0.00 0.00 0.00 0.00

Total 540.37 28.10 35.10 35.10 35.10 35.10 69.94

Opening Balance 0.00 31.41 57.10 81.59 109.09 139.58 172.08

Surplus/Deficit 31.41 25.69 24.49 27.49 30.50 32.49 0.16

Closing Balance 31.41 57.10 81.59 109.09 139.58 172.08 172.22

PROJECTED BALANCE SHEET

(Rs. In Lacs)
Particulars I II III IV V VI VII

Liablities

Share Capital 134.00 134.00 134.00 134.00 134.00 134.00 134.00

Venture Capital Fund 34.84 34.84 34.84 34.84 34.84 34.84 0.00

Reserves & Surplus 8.22 21.52 45.59 76.68 114.35 157.35 205.62

Term Loan 175.00 140.00 105.00 70.00 35.00 0.00 0.00

Cash Credit Limit 75.00 75.00 75.00 75.00 75.00 75.00 75.00
(for adv. To farmers)

Unsecured Loan 49.53 49.53 49.53 49.53 49.53 49.53 49.53

Current Liabilities 28.00 35.50 35.60 35.70 35.80 35.90 1.00

Total 504.59 490.39 479.56 475.75 478.52 486.62 465.15

Assets

Land & Site Development 3.10 3.10 3.10 3.10 3.10 3.10 3.10

Building 247.94 223.15 200.83 180.75 162.67 146.40 131.76

Plant & Machinery 106.75 91.90 79.12 68.11 58.63 50.47 43.45

Misc Fixed Assets 0.82 0.67 0.55 0.45 0.37 0.30 0.25

Advance to Farmers 110.27 110.27 110.27 110.27 110.27 110.27 110.27

Other Current Assets 3.50 3.60 3.70 3.80 3.90 4.00 4.10

Cash & Bank Balance 31.41 57.10 81.59 109.09 139.58 172.08 172.22

Pre-operative Expenses 0.80 0.60 0.40 0.20 0.00 0.00 0.00

Total 504.59 490.39 479.56 475.75 478.52 486.62 465.15

0.00 ### 0.00 ### 0.00 ### 0.00 ### 0.00 ### 0.00 ### 0.00
STATEMENT OF CALCULATION OF DSCR

(Rs. In Lacs)
Particulars I II III IV V VI VII

Cash Accruals 53.41 53.29 59.49 62.49 65.50 67.49 70.00

Interest On Term Loan 13.76 17.01 14.18 11.03 7.88 4.73 1.58

Total 67.17 70.30 73.66 73.53 73.37 72.23 71.57

(Rs. In Lacs)
Particulars I II III IV V VI VII

Repayment of T/L 22.00 28.00 35.00 35.00 35.00 35.00 35.00

Interest On Term Loan 13.76 17.01 14.18 11.03 7.88 4.73 1.58

Total 35.76 45.01 49.18 46.03 42.88 39.73 36.58

DSCR 1.88 1.56 1.50 1.60 1.71 1.82 1.96

Average DSCR 1.72

PERFORMANCE & FINANCIAL INDICATORS

S.No. Particulars I II III IV V VI VII

1 Paid up Capital incl. Venture Capital Fund 168.84 168.84 168.84 168.84 168.84 168.84 134.00
2 Reserve & Surplus 8.22 21.52 45.59 76.68 114.35 157.35 205.62
3 (-) Intangible Assets (0.80) (0.60) (0.40) (0.20) 0.00 0.00 0.00
4 Tangible Net Worth (1+2+3) 176.26 189.76 214.03 245.32 283.19 326.19 339.62
5 Term Loans 175.00 140.00 105.00 70.00 35.00 0.00 0.00
6 Other Term Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 Unsecured Loan 49.53 49.53 49.53 49.53 49.53 49.53 49.53
8 Total Term Liabilities (5+6+7) 224.53 189.53 154.53 119.53 84.53 49.53 49.53
9 Capital Employed (4+8) 400.79 379.29 368.56 364.85 367.72 375.72 389.15
10 Net Block 358.61 318.82 283.60 252.41 224.77 200.28 178.56
11 Investment in allied/group concerns 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12 Investment in Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13 Debtors>6 months 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14 Other Non Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00
15 Total Non Current Assets (11+12+13+14) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
16 Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17 Debtors Receivable (less than 6 months) 110.27 110.27 110.27 110.27 110.27 110.27 110.27
18 Other Current Assets 34.91 60.70 85.29 112.89 143.48 176.08 176.32
19 Total Current Assets (16+17+18) 145.18 170.97 195.56 223.15 253.75 286.34 286.59
20 Bank Borrowings/Commercial Papers 75.00 75.00 75.00 75.00 75.00 75.00 75.00
21 Sundry Creditors/ Other Current Liabilities 28.00 35.50 35.60 35.70 35.80 35.90 1.00
22 Total Current Liabilities (21+22) 103.00 110.50 110.60 110.70 110.80 110.90 76.00
23 Net Working capital (19-22) 42.18 60.47 84.96 112.45 142.95 175.44 210.59

Operating analysis
Net sales 81.90 86.45 91.00 91.00 91.00 91.00 91.00
Profit before tax/loss 8.22 13.30 24.07 31.10 37.66 43.99 49.77
Provision for tax 0.00 0.00 0.00 0.00 0.00 1.00 1.50
Profit after tax/loss 8.22 13.30 24.07 31.10 37.66 42.99 48.27
Depreciation and other non cash expenses 45.19 39.99 35.42 31.40 27.83 24.49 21.72
Cash Accrual 53.41 53.29 59.49 62.49 65.50 67.48 69.99

Ratio Analysis
1 Current Ratio (Current Assets/ Current Liabilities) 1.41 1.55 1.77 2.02 2.29 2.58 3.77

3 Debt Equity Ratio (Term Liabilities/Tangible

Net Worth) 1.27 1.00 0.72 0.49 0.30 0.15 0.15

4 Leverage ratio (Term + Current Liabilities/

tangible Networth) 1.86 1.58 1.24 0.94 0.69 0.49 0.37

5 Net Profit to Sales (%) 10.03 15.39 26.45 34.17 41.39 47.25 53.04

6 DSCR 1.88 1.56 1.50 1.60 1.71 1.82 1.96

7 Average DSCR 1.72

8 Break Even Point 74.34%