PROJECT REPORT OF

RESEARCH
& METHODOLOGY ON

LONG TERM LOAN

SUBMITED TO SUBMITED BY

Prof. Sudhir Ambekar Dhaval

Deshmukh

Roll No:-MB0911

MBA 2nd
Semester

MAEER’S
MAHARASHTRA ACADEMY OF ENGINEERING
MBA

DATE OF SUBMISSION:-23rdMARCH 2010

 ACKNOWLEDGEMENT

The research on “Comparative Study on Long Term Loan” has been

given to me as part of the curriculum in 2-Years Masters
Degree in Business Administration.

I have tried my best to present this information as clearly as possible

Using basic terms that I hope will be comprehended by the widest spectrum
Of researchers, analysts and students for further studies.

I have completed this study under the guidance and supervision

Of Prof. Sudhir Ambekar; I will be failed in my duty if I do not
acknowledge the esteemed scholarly guidance, assistance and knowledge. I
have received from them towards fruitful and timely completion of this
work. Mere acknowledgement may not redeem the debt I owe to my parents
for their direct/indirect support during the entire course of this project.

I also thankful to my friend who helped me a lot in the completion of

this project.

DHAVAL DESHMUKH
 INDEX

SR.NO CHAPTER PAGE NO

1] Introduction 5-8

A] About Company 5

B] About Industry 6

C] Assumption 7

D] List of document to be submitted 8

2] Cost of Project and Means of Finance 9-13

A] Cost of Production and means of 9

finance

B] Schedule of Firm's Contribution 10-13

3] Profitability statement 14-15

4] Projected Balance Sheet 16-17

5] Repayment Schedule 18-20

6] Schedule for Calculation of 21-22

depreciation

7] Cash flow Statement 23

8] Ratio Analysis 24-29

9] Statement of Debt Service Coverage 30

Ratio

A] Proforma Of Loan Application form i – iv

10] Bibliography 31
 ABOUT THE COMPANY

The Company was incorporated as EYE-Q EYECARE INDUSTRIES PVT.LTD on 1st

March 2002. The Company’s registered office is at Pune. The company is led by
Chairman, Vice Chairman, C.E.O and Managing Director. The Company is managed by
Board of Directors comprising of 5 directors.

The Board of Directors Comprises of the following:

Sr.No Name of Members Designation

1. Mr. Dhaval Deshmukh Executive Chairman

2. Mr. Samrat Mande Executive Vice Chairman
3. Mr. Santosh Wable Managing Director
4. Mrs. Ashwini Gupte Independent Director
5. Miss Dhanashree Pradhan Independent Director

About the Loan to be taken:-

The loan is taken for purchase of machinery for the

company. The Machinery, Furniture and Computer thus purchased from the loan amount
will be hypothecated to the bank as security. The term loan would be taken at
11.00%p.a. The interest rate for cash credit is taken at 11.50%p.a.
 Eye-Q Eyecare Industries Pvt.Ltd

About Industry
The eyewear industry was largely unorganised with a few national/regional optical
chains. There was no player for fashion sunglasses in the organised sector however,
Now the sunglasses segment is growing very fast, growth in the sunglasses segment like
eyewear, glasses, contact lenses and fashion eyewear is driven by increasing awareness
of both the useful benefits and trendy appeal of these accessories, the latter of which also
contributes to shorter replacement cycles as styles changes frequently and growing
occurrence of buying multiple sunglasses for different occasions. The eyewear segment
is considered to be a part of the overall Retail Trade Sector. Player within the industry
retail a variety of optical merchandise, which includes prescription sunglasses.

This business of fashion eyewear, however, attracting the attention of large international
and National players and, hence is likely to become highly competitive while growing at
healthy rate of over 15%. The optical segment of the market is also growing at a similar
rate.

Today people want separate pairs of shade for office, casual wear, party wear, and beach
wear and so on and this has given a major boost to the eyewear market.

The brand inherits the values of trust, reliability and quality that customers associate
with the Tata group. This association has helped it build a strong and loyal customer
base among all customer segments.

The country’s branded eyewear market has grown manifold in the past three to four
years as luxury fast gains synonymity with urban lifestyle. From Ray-Ban to Bvlgari to
Burberry to Versace to Vogue and Dolce & Gabbana.
 Eye-Q Eyecare Industries Pvt Ltd.

ASSUMPTION OF THE PROJECT REPORT

1. Interest Rate is considered @ 11.00 % for Term Loan and 11.50% for Cash Credit.

2. Term Loan is Repaid In Four Years

3. Income tax Rate is Considered@33.66% as per the Income Tax act, 1961.

4. Depreciation rates are:

4.1. Machinery @ 15%

4.2. Furniture @ 10%

4.3. Computer @ 60%

5. Depreciation on Fixed Assets is considered on Written down Value Method (WDV).

6. It is assumed that most of the transactions are done through crossed cheque so
applicability of BCTT (Banking Cash Transaction Tax) is not considered.

7. Working for FBT (Fringe Benefit Tax) should be considered as per present Rates of
Tax it is to be actually debited to the Profit & Loss A/C, However, it is not allowed
expenditure as per Income Tax Act therefore, and the same can be shown after
Income Tax.
 Eye-Q Eyecare Industries Pvt Ltd.

LIST OF DOCUMENT
1. Firm’s contribution as shown in the report is to be deposited in the bank from where
the loan is to be taken.

2. If the firm has purchased assets or incurred expenses they have to produce original
bills and receipts along with bank statement along with bank statement along with
bank statement from where these payments are been made.

3. Franchise agreement of the party.

4. Purchase agreement if the place of the shop is owned if the place of the shop is
rented the agreement has to be submitted to the bank.

5. Original bills for the purchase of stock.

6. Stocks are to be hypothecated to the bank.

7. Bio-data of all the partners with their detail resume.

8. Minimum 2 guarantors and their I.T Returns.

LIST OF FINANCIAL STATEMENT TO BE SUBMITTED

• Cost of Project and means of Finance.

• Profitability Statement for the loan tenure.

• Calculation of Interest and Loan repayment Schedule.

• Schedule of depreciation of fixed assets.

• Ratio Analysis.
• Projected Cash Flow Statement of the Company.

EYE-Q Industries
Pvt.Ltd

COST OF PROJECT

Sr.No Particular Rs (in Lakhs)

1 Plant & Machinery 80,00,000

2 Furniture & Fittings 2,50,000

3 Computers 1,50,000

4 M.S.E.B. Deposit 1,50,000

5 Factory Building Deposit 6,50,000

6 Working Capital 43,00,000

TOTAL 1,35,00,000

MEANS OF FINANCE
Sr.No Particulars Rs (in Lakhs)

1. Share Capital 41,50,000

2. Term Loan 60,00,000

3. Cash Credit 33,50,000

 TOTAL 1,35,00,000

EYE-Q Industries Pvt.Ltd

ABOUT THE CAPITAL

The Company was incorporated as EYE-Q EYECARE INDUSTRIES PVT.LTD on 1st
March 2002. The Company’s registered office is at Pune. The company is led by
Chairman, Vice Chairman, C.E.O and Managing Director. The Company is managed by
Board of Directors comprising of 5 directors.

SCHEDULE OF FIRMS CONTRIBUTION

Sr.No Name of Directors Contribution

1 Mr. Dhaval Deshmukh 20,00,000

2 Mr. Samrat Mande 7,25,000

3 Mr. Santosh Wable 5,00,000

4 Mrs. Ashwini Gupte 4,75,000

5 Miss Dhanashree Pradhan 4,50,000

Total:- 41,50,000

The declaration from each director has to be taken regarding investment in the company.
The declaration mentions that the director will not withdraw his/her capital or
contribution until the tenure of the loan is over. The declaration is signed by each
director.
 EYE-Q Industries Pvt.Ltd

COMPUTATION OF RAW MATERIAL REQUIRED

Particulars 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017
Opening Stock of Raw - 10,00,000 12,54,000 13,45,000 14,43,000 15,46,000 17,00,000
Material
Add:-Purchase for the 1,92,00,00 2,47,32,00 3,07,12,00 3,29,54,00 3,53,26,00 3,77,74,00 4,05,44,00
Year. 0 0 0 0 0 0 0
Less:-Closing Stock of 10,00,000 12,54,000 13,45,000 14,43,000 15,46,000 17,00,000 18,72,000
Raw Material. (15 days
Stock)
Raw Material 1,82,00,00 2,44,78,00 3,06,21,00 3,28,56,00 3,52,23,00 3,76,20,00 4,03,72,00
Consumed. 0 0 0 0 0 0 0

EYE-Q Industries Pvt.Ltd

COMPARITIVE STATEMENT OF PRODUCTION

DURING THE YEAR
 Particular 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017
Installed
capacity/day 6,08,00,00
(no of pieces) 0 6,08,00,000 6,08,00,000 6,08,00,000 6,08,00,000 6,08,00,000 6,08,00,000
Capacity
Utilisation (%) 50,00,000 60,00,000 65,00,000 67,50,000 70,00,000 75,00,000 77,50,000
Estimated 3,04,00,00
Production/day 0 3,65,00,000 3,95,00,000 4,10,00,000 4,26,00,000 4,56,00,000 4,71,00,000
No of working
days during the 3,00,00,00
year 0 3,00,00,000 3,00,00,000 3,00,00,000 3,00,00,000 3,00,00,000 3,00,00,000
Production Per 9,12,16,00 10,95,00,00 11,85,60,00 12,30,00,00 12,78,00,00 13,68,00,00
annum 0 0 0 0 0 0 14,13,00,000

EYE-Q Industries Pvt.Ltd

COMPARITIVE STATEMENT OF SALES DURING THE

YEAR
 Particulars 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015
Opening Stock
of Finished 66,43,00
goods. 0 58,48,000 57,65,000 66,74,000 77,26,000 88,9
Production 10,95,00,00 11,85,60,00 12,30,00,00 12,78,00,00 13,6
during the Year 9,12,16,000 0 0 0 0
Less:-Closing
Stock of
Finished goods 58,48,00 1,0
(15 days Stock) 0 57,65,000 66,74,000 77,26,000 88,94,000
Sales for the 8,53,68,000 10,95,83,00 11,76,51,00 12,19,48,00 12,66,32,00 13,5
Year 0 0 0 0

EYE-Q Industries
Pvt.Ltd

PROFITABILITY STATEMENT
Particular 2010-2011 2011-2012 2012-2013 2013-2014
Gross Sales 3,58,54,000 4,83,05,000 5,87,10,000 6,25,00,000
Less:- Taxes 57,36,000 77,28,000 93,93,000 1,00,00,000
Net Sales 3,01,18,000 4,05,77,000 4,93,17,000 5,25,00,000

Raw material 1,82,00,000 2,44,78,000 3,06,21,000 3,28,56,000

Wages 45,50,000 61,19,000 76,52,000 82,11,000
Power 4,55,000 6,11,000 7,65,000 8,21,000
Variable overhead 9,10,000 11,75,000 14,81,000 15,87,000
Depreciation 13,15,000 10,78,000 9,01,000 7,60,000
Office & admin Expenses 12,74,000 14,01,000 15,42,000 15,96,000
Factory rent 17,47,000 17,47,000 18,34,000 18,34,000
Cost Of Production 2,84,51,000 3,66,09,000 4,47,96,000 4,76,09,000
Add:- Opening finished
stock 10,00,000 16,23,000 17,14,000 18,07,000
Less:- Closing finished
stock 16,23,000 17,14,000 18,07,000 19,42,000
 2,78,28,000 3,65,18,000 4,47,03,000 4,74,74,000

Selling Expenses 9,14,000 11,75,000 12,60,000 12,60,000

Profit before interest & tax 23,76,000 28,84,000 33,54,000 37,66,000

Interest on CC 4,02,000 4,02,000 4,02,000 4,02,000

Interest on term Loan 12,74,000 10,79,000 8,84,000 6,90,000
Total interest 16,76,000 14,81,000 12,86,000 10,92,000

Profit after Interest 7,00,000 14,03,000 20,68,000 26,74,000

other non-operating
income - - - -

Profit before Tax 7,00,000 14,03,000 20,68,000 26,74,000

Povision for taxes 2,35,000 4,72,000 6,96,000 9,00,000

Profit after Tax 4,65,000 9,31,000 13,72,000 17,74,000

EYE-Q Industries Pvt.Ltd

PROFITABILITY STATEMENT
Particular 2014-2015 2015-2016 2016-2017
Gross Sales 6,67,92,000 7,11,60,000 7,55,28,000
Less:- Taxes 1,06,86,000 1,13,85,000 1,20,84,000
Net Sales 5,61,06,000 5,95,75,000 6,34,44,000

Raw material 3,52,23,000 3,76,20,000 4,03,72,000

Wages 88,02,000 94,01,000 1,00,89,000
Power 8,80,000 9,40,000 10,08,000
Variable overhead 17,01,000 18,24,000 19,54,000
Depreciation 6,44,000 5,47,000 4,65,000
Office & admin Expenses 17,64,000 19,74,000 20,74,000
Factory rent 18,34,000 19,27,000 19,27,000
Cost Of Production 5,08,48,000 5,42,33,000 5,78,89,000
Add:- Opening finished
stock 19,42,000 20,21,000 21,69,000
Less:- Closing finished 20,21,000 21,69,000 22,79,000
 stock
5,07,69,000 5,40,85,000 5,77,79,000

Selling Expenses 12,60,000 12,60,000 12,60,000

Profit before interest & tax 40,77,000 44,30,000 44,05,000

Interest on CC 4,02,000 4,02,000 4,02,000

Interest on term Loan 4,95,000 3,00,000 1,05,000
Total interest 8,97,000 7,02,000 5,07,000

Profit after Interest 31,80,000 37,28,000 38,98,000

other non-operating
income - - -

Profit before Tax 31,80,000 37,28,000 38,98,000

Povision for taxes 10,70,000 12,54,000 13,12,000

Profit after Tax 21,10,000 24,74,000 25,86,000

EYE-Q Industries Pvt.Ltd

PROJECTED BALANCE SHEET

Particular 2010-2011 2011-2012 2012-2013 2013-2014

LIABILITES
CAPITAL
Equity Share Capital 50,00,000 50,00,000 50,00,000 50,00,000
Reserves & Surplus 10,88,000 28,82,000 55,71,000 86,05,000

SECURED LOANS
1,26,57,00 1,16,66,00 1,02,28,00
Term loan 0 0 0 83,42,000
CURRRENT LIABILITES
Cash Credit 68,00,000 68,00,000 68,00,000 68,00,000
Sundry Creditors 6,06,000 9,85,000 11,50,000 13,95,000
Provision for tax 5,51,000 9,10,000 13,63,000 15,39,000

2,67,02,00 2,82,43,00 3,01,12,00

TOTAL 0 0 0 3,16,81,000

Particular 2010-2011 2011-2012 2012-2013 2013-2014

ASSETS
1,09,80,00
Fixed Assets 0 92,52,000 78,47,000 66,77,000

CURRENT ASSETS, LOANS

&
ADVANCES DEPOSIT
M.S.E.B 3,00,000 3,00,000 3,00,000 3,00,000
Factory building deposit 15,00,000 15,00,000 15,00,000 15,00,000
Sundry Debtors 55,00,000 67,96,000 72,00,000 85,00,000

CLOSING STOCK
Raw Materials 6,06,000 9,85,000 11,50,000 13,95,000
Finished goods 30,07,000 33,00,000 39,31,000 41,50,000
Advance Tax 5,51,000 9,10,000 13,63,000 15,39,000
Other Current Assets 42,58,000 52,00,000 68,21,000 76,20,000

2,67,02,00 2,82,43,00 3,01,12,00

TOTAL:- 0 0 0 3,16,81,000
 EYE-Q Industries Pvt.Ltd

PROJECTED BALANCE SHEET

Particular 2014-2015 2015-2016 2016-2017

LIABILITES
CAPITAL
Equity Share Capital 50,00,000 50,00,000 50,00,000
1,15,64,00 1,49,24,00
Reserves & Surplus 0 0 1,87,18,000

SECURED LOANS
Term loan 60,09,000 32,28,000 0

CURRRENT LIABILITES
Cash Credit 68,00,000 68,00,000 68,00,000
Sundry Creditors 16,24,000 19,54,000 24,55,000
Provision for tax 15,01,000 17,04,000 19,24,000

3,24,98,00 3,36,10,00
TOTAL 0 0 3,48,97,000

Particular 2014-2015 2015-2016 2016-2017

ASSETS
Fixed Assets 56,90,000 48,53,000 41,24,000

CURRENT ASSETS, LOANS

&
ADVANCES DEPOSIT
M.S.E.B 3,00,000 3,00,000 3,00,000
Factory building deposit 15,00,000 15,00,000 15,00,000
1,03,99,00
Sundry Debtors 96,00,000 0 1,12,03,000

CLOSING STOCK
Raw Materials 16,24,000 19,54,000 24,55,000
Finished goods 43,67,000 45,15,000 47,92,000
Advance Tax 15,01,000 17,04,000 19,24,000
Other Current Assets 79,16,000 83,85,000 85,99,000

3,24,98,00 3,36,10,00
TOTAL:- 0 0 3,48,97,000
 EYE-Q Industries Pvt.Ltd

DEPRECIATION SCHEDULE
 2010-2011 2011-2012 2012-2013 2013-2014
ASSETS W.D.V Dep W.D.V Dep W.D.V Dep W.D.V Depr

80,00,00 68,00,00 41,77,00

Plant &Machinery 0 - 0 - 57,80,000 - 0
12,00,00 10,20,00 8,67,00
Less:- Dep @ 15% - 0 - 0 - 0 7,36,000

Computer 1,50,000 - 60,000 - 24,000 - 10,000 -

Less:- Dep @ 60% - 90,000 - 36,000 - 14,000 - 6,000

Furniture & Fittings 2,50,000 - 2,25,000 2,02,500 - 1,82,250 -

Less:- Dep @ 10% - 25,000 - 22,500 - 20,250 - 18,000

84,00,00 13,15,00 70,85,00 10,78,50 9,01,25 43,69,25

Total:- 0 0 0 0 60,06,500 0 0 7,60,000

EYE-Q Industries Pvt.Ltd

 DEPRECIATION SCHEDULE

2014-2015 2015-2016 2016-2017

ASSETS W.D.V Depr W.D.V Depr W.D.V Depr

Plant &Machinery 41,77,000 - 35,51,000 - 30,19,000 -

6,26,00 5,32,00
Less:- Dep @ 15% - 0 - 0 - 4,52,000

Computer 4,000 - 3,600 - 1,600 -

Less:- Dep @ 60% - 2,400 - 2,000 - 1,000

Furniture & Fittings 1,64,250 - 1,50,000 1,35,000 -

Less:- Dep @ 10% - 14,250 - 15,000 - 13,500

6,42,65 5,49,00
Total:- 43,45,250 0 37,04,600 0 31,55,600 4,66,500
 EYE-Q Industries Pvt.Ltd

PROJECTED CASH FLOW STATEMENT

PARTICULAR 2010-2011 2011-2012 2012-2013 2013-2014

SOURCES OF FUND
Opening Balance 33,00,000 42,58,000 52,00,000 68,21,000
Profit before Tax 16,39,000 27,04,000 40,52,000 45,73,000
Add:- Dep 22,20,000 17,28,000 14,05,000 11,70,000

1,06,57,00
TOTAL (A):- 71,59,000 86,90,000 0 1,25,64,000

APPLICATION OF
FUNDS
Advance Tax 7,00,000 9,10,000 13,63,000 15,39,000
Repayment of term Loan 8,00,000 9,91,000 14,38,000 18,86,000
Net Increase in current
assets 14,01,000 15,89,000 10,35,000 15,19,000

TOTAL (B) 29,01,000 34,90,000 38,36,000 49,34,000

Closing Balance 42,58,000 52,00,000 68,21,000 76,20,000

PARTICULAR 2014-2015 2015-2016 2016-2017

SOURCES OF FUND
Opening Balance 76,20,000 79,16,000 83,85,000
Profit before Tax 44,60,000 50,64,000 57,18,000
Add:- Dep 9,87,000 8,37,000 7,29,000

1,30,67,00 1,38,17,00 1,48,32,00

TOTAL (A):- 0 0 0

APPLICATION OF
FUNDS
Advance Tax 15,01,000 17,04,000 19,24,000
Repayment of term Loan 23,33,000 27,81,000 32,28,000
Net Increase in current
assets 13,17,000 9,47,000 10,81,000
TOTAL (B) 51,51,000 54,32,000 62,33,000

Closing Balance 79,16,000 83,85,000 85,99,000

EYE-Q Industries
Pvt.Ltd
 RATIO ANALYSIS
1. Operating Profit Ratio:

Operating
Profit
Operating Profit Ratio = Net Sales X 100

Particulars 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

Operating Profit 53,37,000 59,64,000 68,84,000 69,69,000 64,18,000 65,84,00

2,52,82,00 2,94,08,00 3,61,20,00 4,15,39,00 4,16,82,00 4,43,33,0

Net Sales 0 0 0 0 0

Operating Profit Ratio 21.11% 20.28% 19.06% 16.78% 15.40% 14.85%

EYE-Q Industries Pvt.Ltd

2. Assets Turnover Ratio:

Total earning (after

Assets Turnover Tax)
Ratio = Total Assets x 100

Particulars 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

Earnings after tax 14,11,000 20,62,000 29,09,000 32,01,000 30,72,000 34,18,00

 2,72,99,00 2,92,84,00 3,16,43,00 3,37,38,00 3,51,17,00 3,68,28,0
Total assets 0 0 0 0 0

Asset Turnover Ratio 5.17% 7.04% 9.19% 9.49% 8.75% 9.28%

EYE-Q Industries Pvt.Ltd

3. Fixed Assets Turnover Ratio:-

Fixed Assets Turnover Net sales

Ratio = Net fixed Assets

Particulars 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-

2,52,82,00 2,94,08,00 3,61,20,00 4,15,39,00 4,16,82,00 4,43

Net Sales 0 0 0 0 0

Net Fixed Assets 70,85,000 60,07,000 51,06,000 43,46,000 37,02,000 31,5

Fixed Assets Turnover

Ratio 3.57 4.9 7.07 9.56 11.26
 EYE-Q Industries Pvt.Ltd

4. Current Ratio:-

Current Assets
Current Ratio
= Current Liabilities

2010-
Particulars 2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2

1,14,72,00 1,40,79,00 1,61,30,00 1,82,28,00 2,04,1

Current Assets 90,08,000 0 0 0 0

Current liabilities 32,00,000 41,22,000 51,18,000 54,92,000 58,87,000 62,95

Current ratio 2.82 2.78 2.75 2.94 3.1

EYE-Q Industries Pvt.Ltd

5. Return on Capital Employed:-

Net Profit before Interest

Return on Capital and Tax
Employed = Capital Employed x 100

Particulars 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-

Net Profit (E.B.I.T) 23,76,000 28,84,000 33,54,000 37,66,000 40,77,000 44,3

1,03,43,00 1,08,07,00 1,15,17,00 1,34,93,00 1,47,21,00 1,58

Capital Employed 0 0 0 0 0

Return on Capital
Employed 22.97% 26.69 29.12% 27.91% 27.70% 27

EYE-Q Industries Pvt.Ltd

6. Capital Turnover Ratio:-

Total Earnings after Tax

Capital Turnover Ratio = Shareholders Fund x 100

Particulars 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2

Total Earnings 4,65,000 9,31,000 13,72,000 17,74,000 21,10,000 24,74

1,08,02,00 1,21,3
Shareholders Fund 46,15,000 55,46,000 76,92,000 91,44,000 0

Capital Turnover Ratio 10.08% 16.79% 17.84% 19.40% 19.53% 20

 EYE-Q Industries Pvt.Ltd

STATEMENT OF DEBT SERVICE COVERAGE

RATIO

Particular 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017

Profit After Tax 4,65,000 9,31,000 13,72,000 17,74,000 21,10,000 24,74,000 25,86,000
Add:- Dep 13,15,000 10,78,000 9,01,000 7,60,000 6,44,000 5,47,000 4,65,000
Add:- Interest on 12,74,000 10,79,000 8,84,000 6,90,000 4,95,000 3,00,000 1,05,000
Term loan

Net Cash Flow (A) 30,54,000 30,88,000 33,05,000 32,24,000 32,49,000 33,21,000 31,56,000

Interest on Term Loan 12,74,000 10,79,000 8,84,000 6,90,000 4,95,000 3,00,000 1,05,000
Term Loan Instalment 2,72,000 4,67,000 6,62,000 8,56,000 10,51,000 12,46,000 14,41,000

Total Interest & 15,46,000 15,46,000 15,46,000 15,46,000 15,46,000 15,46,000 15,46,000
Principal (B)

DSCR:- 1.98 2 2.14 2.09 2.1 2.15 2.04

EYE-Q Industries Pvt.Ltd.