A.G.

UDYOG
P.O. SITARAMPUR -713359
DIST. BURDWAN, WEST BENGAL

BRIEF REPORT ON PROJECT COST

FOR WIRING PROJECT REQUIRING TERM
LOAN ALONGWITH WORKING CAPITAL FINANCE
A.G. UDYOG
P.O. SITARAMPUR, DIST. BURDWAN

DETAILS OF DEPRECIATION ON FIXED ASSETS

Items of Fixed Assets Amount (Rs.)

BUILDING 425,000.00
SHED 1,000,000.00
MACHINERY & EQUIPMENTS 4,554,480.00
TRANSFORMER 300,000.00
ELECTRICAL INSTALLATIONS 800,000.00
OFFICE EQUIPMENTS 102,000.00
FURNITURE & FIXTURES 142,500.00

Cost of acquisition during the year 7,323,980.00

Depreciation @ 15 % p.a. on an average 1,098,597.00

W.D.V. as at the end of 1st year 6,225,383.00

Depreciation @ 15 % p.a. on an average 933,807.45

W.D.V. as at the end of 2nd year 5,291,575.55

Depreciation @ 15 % p.a. on an average 793,736.33

W.D.V. as at the end of 3rd year 4,497,839.22

Depreciation @ 15 % p.a. on an average 674,675.88

W.D.V. as at the end of 4th year 3,823,163.33

Depreciation @ 15 % p.a. on an average 573,474.50

W.D.V. as at the end of 5th year 3,249,688.83

Depreciation @ 15 % p.a. on an average 487,453.33

W.D.V. as at the end of 6th year 2,762,235.51

Depreciation @ 15 % p.a. on an average 414,335.33

W.D.V. as at the end of 7th year 2,347,900.18

A. G. UDYOG
P.O. SITARAMPUR, DIST. BURDWAN

SUMMARY OF PROJECT COST

BUILDING 425,000.00
SHED 1,000,000.00
MACHINERY & EQUIPMENTS 4,554,480.00
TRANSFORMER 300,000.00
ELECTRICAL INSTALLATIONS 800,000.00
SECURITY DEPOSIT ( D.P.S.C. Ltd) 400,000.00
OFFICE EQUIPMENTS 102,000.00
FURNITURE & FIXTURES 142,500.00
7,723,980.00
SHED

4000 Sq. ft. @ Rs. 250/- per Sq. ft. 1,000,000.00

Total 1,000,000.00

MACHINERY & EQUIPMENTS

Nos.
1 Fine Block Machine 4 set 9 Blocker 1,332,000.00
2 Double Decker Bull Block 1 set 6 Blocker 630,000.00
3 Furnance 2 1,090,000.00
4 Trolly Type 1 21,500.00
5 Butt Weilding Machine 1 21,500.00
6 De-Scaling Attachment 5 29,000.00
7 Die Polishing Machine 1 10,500.00
8 Trolley Type 1 27,000.00
9 Automatic Electric Control Panel Bull Block 150,000.00
10 Automatic Electric Control Panel Fine Block 504,000.00
11 Butt Weilding Machine 4 54,000.00
12 Motors 300,000.00
13 Electric Hose 200,000.00

Sub Total 4,369,500.00

VAT @ 4% 174,980.00
Transport 10,000.00

Total 4,554,480.00
OFFICE EQUIPMENTS
Nos.
1 Computer 2 35,000.00 70,000.00
2 Printer 2 10,000.00 20,000.00
3 U.P.S. 2 3,000.00 6,000.00
5 Miscellaneous 6,000.00

Total 102,000.00

UTILIZATION OF FUND

FIXED CAPITAL COST 7,723,980.00

MARGIN FOR WORKING CAPITAL 1,815,000.00

9,538,980.00

WORKING CAPITAL COST 3,400,000.00

12,938,980.00

MEANS OF FINANCE

BANK LOAN
TERM LOAN FINANCE 6,179,980.00
WORKING CAPITAL FINANCE 3,400,000.00 9,579,980.00

PROMOTER'S CONTRIBUTION 3,359,000.00

12,938,980.00

Note: Promoter's contribution works out to be 35 % of Total Project cost.

s
 Mr.XYZ

KOLKATA-

(Rs. In '000)
PROJECTED PROFITABILITY STATEMENT

YEARS YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7
CAPACITY UTILIZATION 70% 80% 85% 90% 95% 96% 98%

INCOME

1 Sale of Binding Wire 44,100.00 50,400.00 53,550.00 56,700.00 59,850.00 60,480.00 61,740.00
(6m.t p/Day @ 36000/- m.t 100% capacity 300 days)
TOTAL (A) 44,100.00 50,400.00 53,550.00 56,700.00 59,850.00 60,480.00 61,740.00

EXPENDITURE

1 Raw Material (6mm rod) 37,170.00 42,480.00 45,135.00 47,790.00 50,445.00 50,976.00 52,038.00
2 Labour 945.00 1,080.00 1,194.00 1,215.00 1,282.50 1,296.00 1,323.00
3 Electricity 2,831.00 2,890.00 2,900.00 2,970.00 3,135.00 3,168.00 3,234.00
4 Interest on Term Loan 712.96 598.89 646.42 370.74 256.67 142.59 28.52
5 Interest on CC Loan 408.00 408.00 408.00 408.00 408.00 408.00 408.00
6 Stores 346.50 396.00 420.25 445.50 470.25 475.20 485.10
7 Wastage (Less: Recovery) 346.50 396.00 420.75 445.50 470.25 475.20 485.10
8 Misc Expenses 252.00 254.00 258.00 265.00 270.00 275.00 280.00
9 Office Expenses 150.00 155.00 160.00 165.00 170.00 175.00 180.00
10 Security 80.00 80.00 80.00 80.00 80.00 82.00 84.00
11 Transport & Convenyance 504.00 576.00 612.00 648.00 684.00 705.60 720.00
12 Sales Tax (4%) 352.80 403.20 428.40 453.60 478.80 485.00 492.60
13 Depreciation 1,098.00 934.00 794.00 675.00 573.00 487.00 414.00

TOTAL (B) 45,196.76 50,651.09 53,456.82 55,931.34 58,723.47 59,150.59 60,172.32

NET CREDIT [A-B] (1,096.76) (251.09) 93.18 768.66 1,126.53 1,329.41 1,567.68
Opening stock - 1,500.00 2,500.00 3,500.00 4,000.00 4,500.00 5,000.00
Closing stock 1,500.00 2,500.00 3,500.00 4,000.00 4,500.00 5,000.00 5,500.00
Stock adjustment 1,500.00 1,000.00 1,000.00 500.00 500.00 500.00 500.00
Profit before Taxation 403.24 748.91 1,093.18 1,268.66 1,626.53 1,829.41 2,067.68
Provision for Taxation 120.97 224.67 327.95 380.60 487.96 548.82 620.30
Profit after Taxation 282.27 524.24 765.23 888.06 1,138.57 1,280.59 1,447.38
Bal carried over to Balance Sheet 282.27 806.51 1,571.73 2,459.79 3,598.37 4,878.95 6,326.33

A.G. UDYOG
P.O. SITARAMPUR, DIST. BURDWAN
WORKING CAPITAL ASSESSMENT
(Based on 70% Utilisation) ( Rs.In '000')

PARTICULARS HOLDING FUND MARGIN AMOUNT BANK

TIME REQUIRMENT % FINANCE

1 RAW MATERIALS 07 Days 819.00 25 246.00 573.00

2 CONUMABLE STORES 15 Days 17.00 100 17.00 17.00

3 FINISHED GOODS 10 Days 1,170.00 25 292.00 878.00

4 ADVANCE TO SUPPLIERS 07 Days 819.00 25 246.00 573.00

5 DEBTORS 15 Days 1,755.00 40 702.00 1,053.00

6 EXPENSES 01 Months 623.00 50 312.00 311.00

5,203.00 1,815.00 3,405.00
 Mr.XYZ

KOLKATA-

PROJECTED CASH FLOW STATEMENT

(Rs. In '000)
YEARS YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7

SOURCES

PBIT 1,524.20 1,755.80 2,147.60 2,047.40 2,291.20 2,380.00 2,504.20

Depreciation 1,098.00 934.00 794.00 675.00 573.00 487.00 414.00
Increase in Capital 3,359.00 - - - - - -
Increase in Term Loan 5,703.69 (950.62) (950.62) (950.62) (950.62) (950.62) (950.62)
Increase in Cash Credit 3,400.00 - - - - - -
Decrease in Current Assets (3,600.00) 100.00 100.00 300.00 - (400.00) (450.00)
Decrease in Advance & Deposits (1,400.00) 200.00 200.00 (500.00) (300.00) - -
Provisions 120.97 224.67 327.95 380.60 487.96 548.82 620.30
Decrease in Stock (1,500.00) (1,000.00) (1,000.00) (500.00) (500.00) (500.00) (500.00)

TOTAL [A] 8,705.86 1,263.86 1,618.94 1,452.38 1,601.54 1,565.21 1,637.89

APPLICATION
Increase in Fixed Assets 7,323.00 - - - - - -
Interest on Bank Loan 1,120.96 1,006.89 1,054.42 778.74 664.67 550.59 436.52
Income Tax 120.97 345.65 552.63 708.55 868.56 1,036.78 1,169.13
Dividend - - - - - - -

TOTAL [B] 8,564.93 1,352.53 1,607.05 1,487.29 1,533.22 1,587.37 1,605.65

Opening Cash Balance - 140.93 52.26 64.15 29.24 97.56 75.39
Net Surplus / Deficit [A-B] 140.93 (88.67) 11.89 (34.91) 68.32 (22.17) 32.24
Closing Cash Balance 140.93 52.26 64.15 29.24 97.56 75.39 107.63
 MR. SWADESH PAUL
PROP. TARA MAA BUILDERS & SUPPLIERS

Mr.XYZ

KOLKATA-
(Rs. In '000)

YEARS YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7

LIABILITIES

Capital 3,359.00 3,359.00 3,359.00 3,359.00 3,359.00 3,359.00 3,359.00

Reseve & Surplus 282.27 806.51 1,571.73 2,459.79 3,598.37 4,878.95 6,326.33
Term Loan 5,703.69 4,753.08 3,802.46 2,851.85 1,901.23 950.62 -
Cash Credit 3,400.00 3,400.00 3,400.00 3,400.00 3,400.00 3,400.00 3,400.00
Tax Provision 120.97 224.67 327.95 380.60 487.96 548.82 620.30

TOTAL 12,865.93 12,543.26 12,461.15 12,451.24 12,746.56 13,137.39 13,705.63

ASSETS

Net Fixed Assets (W.D.V.) 6,225.00 5,291.00 4,497.00 3,822.00 3,249.00 2,762.00 2,348.00
Stock of W.I.P. & Finished Product 1,500.00 2,500.00 3,500.00 4,000.00 4,500.00 5,000.00 5,500.00
Advance & Deposits 1,400.00 1,200.00 1,000.00 1,500.00 1,800.00 1,800.00 1,800.00
Net Current Assets (Debt &Others) 3,600.00 3,500.00 3,400.00 3,100.00 3,100.00 3,500.00 3,950.00
Cash & Bank Bal. 140.93 52.26 64.15 29.24 97.56 75.39 107.63
TOTAL 12,865.93 12,543.26 12,461.15 12,451.24 12,746.56 13,137.39 13,705.63
 MR. SWADESH PAUL
PROP. TARA MAA BUILDERS & SUPPLIERS

KOLKATA-7000146

CALCULATION OF INTEREST ON TERM LOAN

First Half Year Second Half Year Consolidated Payout (Rs. In '000)

YEAR OPENING PAYMENT CLOSING INTEREST OPENING PAYMENT CLOSING INTEREST TOTAL TOTAL TOTAL
BALANCE BALANCE BALANCE BALANCE INTEREST PRINCIPAL REPAYMENT

1 6,179.00 - 6,179.00 370.74 6,179.00 475.31 5,703.69 342.22 712.96 475.31 1,188.27
2 5,703.69 475.31 5,228.38 313.70 5,228.38 475.31 4,753.08 285.18 598.89 950.62 1,549.50
3 4,753.08 475.31 4,277.77 256.67 4,277.77 475.31 3,802.46 228.15 484.81 950.62 1,435.43
4 3,802.46 475.31 3,327.15 199.63 3,327.15 475.31 2,851.85 171.11 370.74 950.62 1,321.36
5 2,851.85 475.31 2,376.54 142.59 2,376.54 475.31 1,901.23 114.07 256.67 950.62 1,207.28
6 1,901.23 475.31 1,425.92 85.56 1,425.92 475.31 950.62 57.04 142.59 950.62 1,093.21
7 950.62 475.31 475.31 28.52 475.31 475.31 - - 28.52 950.62 979.13

TOTAL 2,851.85 1,397.40 3,327.15 1,197.78 2,595.18 6,179.00 8,774.18

YEAR YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7

TERM LOAN INTEREST 712.96 598.89 484.81 370.74 256.67 142.59 28.52
CASH CREDIT INTEREST 408.00 408.00 408.00 408.00 408.00 408.00 408.00

TOTAL INTEREST 1,120.96 1,006.89 892.81 778.74 664.67 550.59 436.52

Note: 1 Repayment term has been considered to be in 13 equal half yearly instalments.
2 Term Loan Interest has been considered @ 12.00 % p.a.
3 Cash Credit Interest has been considered @ 12.00 % p.a.
 Mr.XYZ

KOLKATA-

CALCULATION OF SOME IMPORTANT RATIOS

PARTICULARS YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7

NET PROFIT (PAT) 282.27 524.24 765.23 888.06 1,138.57 1,280.59 1,447.38
INTEREST ON TERM LOAN 712.96 598.89 646.42 370.74 256.67 142.59 28.52
INTEREST ON CASH CREDIT 408.00 408.00 408.00 408.00 408.00 408.00 408.00
PROVISION OF TAXATION 120.97 224.67 327.95 380.60 487.96 548.82 620.30

TOTAL (X) (PBIT) 1,524.20 1,755.80 2,147.60 2,047.40 2,291.20 2,380.00 2,504.20

INTREST ON TERM LOAN 712.96 598.89 646.42 370.74 256.67 142.59 28.52
INTREST ON CASH CREDIT 408.00 408.00 408.00 408.00 408.00 408.00 408.00

TOTAL (Y) 1,120.96 1,006.89 1,054.42 778.74 664.67 550.59 436.52

INTREST SERIVCE COVERAGE 1.36 1.74 2.04 2.63 3.45 4.32 5.74
RATIO ( X/Y)

NET PROFIT 282.27 524.24 765.23 888.06 1,138.57 1,280.59 1,447.38

SALES 44,100 50,400 53,550 56,700 59,850 60,480 61,740

NET PROFIT/ SALES 0.01 0.01 0.01 0.02 0.02 0.02 0.02

PBIT 1,524.20 1,755.80 2,147.60 2,047.40 2,291.20 2,380.00 2,504.20

DEPRECIATION 1,098.00 934.00 794.00 675.00 573.00 487.00 414.00
PBDIT 2,622.20 2,689.80 2,941.60 2,722.40 2,864.20 2,867.00 2,918.20

TOTAL ASSETS 12,866 12,543 12,461 12,451 12,747 13,137 13,706

I.S.C.R. 0.20 0.21 0.24 0.22 0.22 0.22 0.21

NET SALES (O) 44,100 50,400 53,550 56,700 59,850 60,480 61,740

TERM LOAN 6,179 6,000 5,000 4,000 3,000 2,000 1,000

CASH CREDIT 3,400 3,400 3,400 3,400 3,400 3,400 3,400
TOTAL BANK BORROWING ( P) 9,579 9,400 8,400 7,400 6,400 5,400 4,400
NET SALES/ BANK BORROWING 4.60 5.4 6.4 7.7 9.4 11.2 14.0

BRAKE EVEN POINT 23.08 22.77 23.98 23.65 26.28 26.68 22.27

DEBT/EQUITY RATIO 1.84:1

 Mr.XYZ

KOLKATA-

CALCULATION OF DSCR

YEARS YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7

A. Net Profit after Tax 282.27 524.24 765.23 888.06 1,138.57 1,280.59 1,447.38
B. Depreciation 1,098.00 934.00 794.00 675.00 573.00 487.00 414.00
C. Interest on Term Loan 712.96 598.89 646.42 370.74 256.67 142.59 28.52
D. Interest on Cash Credit 408.00 408.00 408.00 408.00 408.00 408.00 408.00

TOTAL [X] 2,501.23 2,465.13 2,613.65 2,341.80 2,376.24 2,318.18 2,297.90

E. Instalment of Term Loan 475.31 950.62 950.62 950.62 950.62 950.62 950.62
F. Interest on Term Loan 712.96 598.89 646.42 370.74 256.67 142.59 28.52
G. Interest on Cash Credit 408.00 408.00 408.00 408.00 408.00 408.00 408.00

TOTAL [Y] 1,596.27 1,957.50 2,005.04 1,729.36 1,615.28 1,501.21 1,387.13

DSCR = [X] / [Y] 1.57 1.26 1.30 1.35 1.47 1.54 1.66

AVERAGE DSCR = 1.45

Note:
1. Finished Good Selling Price is estimated to Rs. 36.5/kg
2. Raw Material Cost is estimated to Rs.29.5/kg
3. Electricity cost is Rs.4 per unit and consumption 2500 units per day
4. Term Loan of Rs. 65 lacs considered to be 16% per year
5. CC loan of Rs. 40 lacs interest to be 14% p.a.
6 Wood cost is estimated to be Rs. 1/kg and consumption 1000 kg per day