M/S S.R.

INDUSTRIES, GONDIA

ANNEXURE-I
PROJECT COST SUMMARY

COST OF PROJECT
Amount Amount
Particulars
(Rs. In Lacs) (Rs. In Lacs)
Land -

Building & Civil Work

Infrastructure Development 140.00
Plant & Machinery

Preliminary Preoperative expences 10.00

Margin Money for Working Capital 50.00

Total Project Cost 200.00

MEANS OF FINANCE
Amount Amount
Particulars
(Rs. In Lacs) (Rs. In Lacs)

Partners' Capital 40.00

Term Loan from Bank 100.00

Unsecured Loan 60.00

Total Sources Of Finance 200.00

-
Cash Credit Limit 150.00
Bank Gurantee 50.00

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M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-XIX

ASSUMPTIONS
EXTRACTION PLANT
Proposed Installed Capacity (Tonnes Per Day) 60
on single shift basis

PADDY
Proposed Capacity Utilization

Year 1 60%
Year 2 65%
Year 3 70%
Year 4 75%
Year 5 80%
Year 6 85%
Year 7 90%

Other Raw Material Requirement in Rice Mill

Total No. of Working Days 303

Interest Rates:
Term Loan 12.50%
Working Capital Loan 12.00%
Unsecured Loan 12.00%
Inflation Rates:
Administration Expenses 5.00%
Salaries & Wages 5.00%
Repairs 5.00%
Selling Expenses 5.00%

Depreciation Rates WDV Method

Land 0.00%
Building 10.00%
Plant & Machinery 15.00%
Infrastructure Development 10.00%

Rates of Income Tax

Income Tax 30.90%
M/S S.R. INDUSTRIES, GONDIA

PROJECTED BALANCE SHEET

(Amount in Rs. Lacs)

Particulars Year 0 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25

LIABLITIES
- - - - - - -

Partners' Capital Account 40.00 46.01 75.89 112.18 154.70 203.24 258.85

Unsecured Loans 60.00 60.00 60.00 60.00 60.00 60.00 60.00

Secured Loans
i) Cash Credit from Bank - 150.00 150.00 150.00 150.00 150.00 150.00
ii) Term Loan From Bank 100.00 84.62 69.23 53.85 38.46 23.08 7.69
Sundry Creditors - 10.32 10.44 11.47 12.53 13.64 14.79

Other Current Liabilities - 1.77 1.87 1.97 2.07 2.18 2.29

TOTAL 200.00 352.71 367.43 389.46 417.77 452.14 493.63

ASSETS

Gross Block 140.00 140.00 140.00 140.00 140.00 140.00 140.00

Less: Depreciation - 14.00 26.60 37.94 48.15 57.33 65.60
Net Block 140.00 126.00 113.40 102.06 91.85 82.67 74.40

FD with Bank - - 4.50 15.50 31.50 52.50 76.50

Investments -

Current Assets

4 PREPARED BY, ASKCA ASSOCIATES

 Inventory - 160.40 178.33 195.21 212.82 231.04 249.73
Sundry Debtors - 51.71 58.42 64.08 69.90 75.92 82.15
Cash & Bank Balance 50.00 6.60 6.78 8.61 9.70 10.01 10.85
Other current assets
Deposits - - - - -
Non Current Assets
Preliminary Expences 10.00 8.00 6.00 4.00 2.00 - -

TOTAL 200.00 352.71 367.43 389.46 417.77 452.14 493.63

5 PREPARED BY, ASKCA ASSOCIATES

 - - - - - - -

M/S S.R. INDUSTRIES, GONDIA

CURRENT RATIO ANALYSIS

Particulars 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25

Current Assets
Inventory 160.40 178.33 195.21 212.82 231.04 249.73
Sundry Debtors 51.71 58.42 64.08 69.90 75.92 82.15
Cash & Bank Balance 6.60 6.78 8.61 9.70 10.01 10.85
Other Current Assets - - - - - -
Deposits - - - - - -
Total Current Assets 218.71 243.53 267.90 292.42 316.97 342.72

Current Liabilities
Sundry Creditors 10.32 10.44 11.47 12.53 13.64 14.79
Expenses Payable 1.77 1.87 1.97 2.07 2.18 2.29
Working Capital Loan 150.00 150.00 150.00 150.00 150.00 150.00
Total Current Liabilities 162.09 162.31 163.43 164.61 165.82 167.08
Net Working Capital 56.62 81.23 104.46 127.81 151.15 175.64
Current Ratio 1.35 1.50 1.64 1.78 1.91 2.05

6 PREPARED BY, ASKCA ASSOCIATES

 ANNEXURE-II
PROJECTED BALANCE SHEET

(Amount in Rs. Lacs)

2025-26

319.77

60.00

150.00
(0.00)
15.97

2.41

548.15

140.00
73.04
66.96

111.50

7 PREPARED BY, ASKCA ASSOCIATES

269.21
88.57
11.91

548.15

8 PREPARED BY, ASKCA ASSOCIATES

 -

CURRENT RATIO ANALYSIS

2025-26

269.21
88.57
11.91
-
-
369.69

15.97
2.41
150.00
168.39
201.31
2.20

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M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-III
PROFITABILITY STATEMENT

(Amount in Rs. Lacs)

Particulars 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

INCOME
Sales 1,516.74 1,712.55 1,878.19 2,048.77 2,225.21 2,407.57 2,595.64

Total (A) 1,516.74 1,712.55 1,878.19 2,048.77 2,225.21 2,407.57 2,595.64

EXPENDITURE
Opening Stock of Raw Material - 133.48 148.14 162.21 176.77 191.84 207.43
Add: Purchase of Raw Material 1,563.27 1,582.07 1,737.20 1,899.01 2,066.64 2,240.26 2,420.03
Less: Closing Stock of Raw Material 133.48 148.14 162.21 176.77 191.84 207.43 223.55
Raw Material Consumed (B) 1,429.78 1,567.42 1,723.13 1,884.45 2,051.58 2,224.67 2,403.91

Power 7.07 7.66 8.25 8.84 9.43 10.02 10.61

Direct Labour & Wages 26.06 27.37 28.74 30.17 31.68 33.27 34.93
Repairs & Maintenance 1.40 1.47 1.54 1.62 1.70 1.79 1.88
Depreciation as per WDV Method 14.00 12.60 11.34 10.21 9.19 8.27 7.44
Direct Cost (C) 1,478.32 1,616.51 1,772.99 1,935.29 2,103.57 2,278.01 2,458.76

Administration & Selling Expenses

Salaries to Staf 10.08 10.58 11.11 11.67 12.25 12.86 13.51
Administration Overheads 13.60 14.28 14.99 15.74 16.53 17.36 18.23
Selling Expenses 1.35 1.50 1.61 1.73 1.84 1.96 2.07
Preliminary expences w/of 2.00 2.00 2.00 2.00 2.00 - -
INTEREST
Interest on Term Loan 11.62 9.70 7.77 5.85 3.93 2.00 0.28
Interest on Working Capital Loan 18.00 18.00 18.00 18.00 18.00 18.00 18.00
29.62 27.70 25.77 23.85 21.93 20.00 18.28

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Cost of Production (D) 1,534.97 1,672.57 1,828.49 1,990.28 2,158.12 2,330.19 2,510.84
Add: Opening Stock of Finished Goods - 26.92 30.19 32.99 36.04 39.20 42.30
Less: Closing Stock of Finished Goods 26.92 30.19 32.99 36.04 39.20 42.30 45.66
Cost of Sales (E) 1,508.05 1,669.30 1,825.68 1,987.23 2,154.97 2,327.09 2,507.48
Profit before Tax,interest & Remuneration 8.69 43.25 52.51 61.54 70.24 80.48 88.15
Income Tax 2.69 13.37 16.22 19.02 21.70 24.87 27.24
Profit After Tax 6.01 29.89 36.28 42.53 48.53 55.61 60.91

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M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-IV
CASH FLOW STATEMENT

(Amount in Rs. Lacs)

Particulars Year 0 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

Opening Balance - 50.00 6.60 6.78 8.61 9.70 10.01 10.85

SOURCES OF FUNDS
Profit after Tax - 6.01 29.89 36.28 42.53 48.53 55.61 60.91
- - - - - - - -
Increase in Partners' Capital 40.00 - - - - - - -
Increase in Unsecured Loan 60.00 - - - - - - -
Increase in Term Loan 100.00 - - - - - - -
Increase in Borrowings for Working Capital - 150.00 - - - - - -
Decrease in Current Assets - - - - - - - -
Decrease in Investments - - - - - - - -
Increase in Current Liabilities - 12.09 0.22 1.12 1.17 1.22 1.26 1.30
Depreciation - 14.00 12.60 11.34 10.21 9.19 8.27 7.44
Preliminary expences 2.00 2.00 2.00 2.00 2.00
TOTAL (A) 200.00 184.09 44.71 50.75 55.91 60.93 65.14 69.66

APPLICATION OF FUNDS
Increase in Capital Expenditure 150.00 - - - - - - -
Decrease in Capital - - - - - - - -
Increase in Current Assets - 212.11 24.65 22.53 23.43 24.24 24.91 25.91
Decrease in Working Capital Loan - - - - - - - -
Fixed deposite with Bank for BG - 4.50 11.00 16.00 21.00 24.00 35.00
Decrease in Current Liabilities - - - - - - - -
Term Loan Repayment - 15.38 15.38 15.38 15.38 15.38 15.38 7.69
TOTAL (B) 150.00 227.49 44.53 48.91 54.82 60.63 64.30 68.60
Closing Balance (A-B) 50.00 6.60 6.78 8.61 9.70 10.01 10.85 11.91

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M/S S.R. INDUSTRIES, GONDIA

Annexure - V

Calculation of Grant

Particulars Cost Grant Amount

(in Rs. Lacs) % of Grant (Rs. In Lakhs)

Technical Civil Work 57.86 25% 14.47

Plant & Machinery (Eligible Portion) Err:509 25% Err:509

Total….. Err:509

Calculation of Venture Capital Assistance from SFAC

Particulars Amount Grant Amount

(in Rs. Lacs) % of Grant (Rs. In Lakhs)

Partner's Capital 40.00 26% 10.40

Total… 10.40
M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-V
DEBT SERVICE COVERAGE RATIO

(Amount in Rs. Lacs)

PARTICULARS 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

Profit after Tax 6.01 29.89 36.28 42.53 48.53 55.61 60.91 279.77

Add: Depreciation+ Preliminary exp. 16.00 14.60 13.34 12.21 11.19 8.27 7.44 83.04
Interest on Term Loan 11.62 9.70 7.77 5.85 3.93 2.00 0.28 41.15
Net Cash Accruals (A) 33.62 54.18 57.40 60.58 63.65 65.88 68.63 403.95

Term loan Installment 15.38 15.38 15.38 15.38 15.38 15.38 7.69 100.00
Interest on Term Loan 11.62 9.70 7.77 5.85 3.93 2.00 0.28 41.15
Net Cash Paid (B) 27.00 25.08 23.16 21.23 19.31 17.39 7.97 141.15

Debt Service Coverage Ratio (A/B) 1.25 2.16 2.48 2.85 3.30 3.79 8.61 2.86

Average DSCR 3.49

Weighted Average DSCR 2.86

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M/S S.R. INDUSTRIES, GONDIA
ANNEXURE-VI
BREAK EVEN ANALYSIS
(Amount in Rs. Lacs)
% of Total
Particulars 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
Expenditure
Net Sales (A) 1,516.74 1,712.55 1,878.19 2,048.77 2,225.21 2,407.57

Variable Costs
Raw Materials 100% 1,429.78 1,567.42 1,723.13 1,884.45 2,051.58 2,224.67
Selling exp. 100% 1.35 1.50 1.61 1.73 1.84 1.96
Labour 75% 19.55 20.53 21.55 22.63 23.76 24.95
Power 75% 5.30 5.74 6.19 6.63 7.07 7.51
Repairs & Maintainance 75% 1.05 1.10 1.16 1.22 1.28 1.34
Salaries 75% 7.56 7.94 8.33 8.75 9.19 9.65
Office & Admn. Overheads 75% 10.20 10.71 11.25 11.81 12.40 13.02
Variation in Closing Stock (26.92) (3.27) (2.81) (3.05) (3.15) (3.10)

Total Variable Cost (B) 1,447.88 1,611.66 1,770.41 1,934.16 2,103.96 2,280.00
Contribution (C) (A-B) 68.86 100.89 107.78 114.61 121.25 127.58
P.V.R. (D) (C/A) 4.54% 5.89% 5.74% 5.59% 5.45% 5.30%

Fixed Costs
Labour 25% 6.52 6.84 7.18 7.54 7.92 8.32
Power 25% 1.77 1.91 2.06 2.21 2.36 2.50
Repairs & Maintainance 25% 0.35 0.37 0.39 0.41 0.43 0.45
Salaries 25% 2.52 2.65 2.78 2.92 3.06 3.22
Office & Admn. Overheads 25% 3.40 3.57 3.75 3.94 4.13 4.34
Depreciation 100% 14.00 12.60 11.34 10.21 9.19 8.27
Interest on Term Loan 100% 11.62 9.70 7.77 5.85 3.93 2.00
Total Fixed Cost 40.17 37.64 35.27 33.07 31.01 29.09
Total Cash Fixed Cost 26.17 25.04 23.93 22.86 21.82 20.83

Break Even Sales 884.81 638.84 614.65 591.09 569.12 549.02

Cash Break Even Sales 576.45 424.96 417.03 408.65 400.54 393.01

Cash Break Even As a percentage of sales 38.01% 24.81% 22.20% 19.95% 18.00% 16.32%

CASH Average BEP 22.04%

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2025-26

2,595.64

2,403.91
2.07
26.20
7.95
1.41
10.13
13.67
(3.36)

2,461.98
133.66
5.15%

8.73
2.65
0.47
3.38
4.56
7.44
0.28
27.51
20.07

534.16
389.68

15.01%

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M/S S.R. INDUSTRIES, GONDIA

Annexure VII
INTERNAL RATE OF RETURN

(Amount in Rs. Lacs)

Constn. Operating Years
Period 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26
Project Expenditure -150.00 IRR On the Basis of PAT
PAT+INT 35.62 57.58 62.06 66.38 70.46 75.62 79.19
Add : Depn.+ Prelim Expenses 16.00 14.60 13.34 12.21 11.19 8.27 7.44
51.62 72.18 75.40 78.58 81.65 83.88 86.63

Gross cash inflow 51.62 72.18 75.40 78.58 81.65 83.88 86.63
Add :Terminal Value of Project % 66.96
-150.00 51.62 72.18 75.40 78.58 81.65 83.88 153.60
IRR 43.61%

Constn. Operating Years

Period 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
Capital Employed -100.00 IRR On the Basis of PAT
PAT 6.01 29.89 36.28 42.53 48.53 55.61 60.91
Add : Depn.+ Prelim Expenses 16.00 14.60 13.34 12.21 11.19 8.27 7.44
22.01 44.49 49.62 54.73 59.72 63.88 68.35

Gross cash inflow 22.01 44.49 49.62 54.73 59.72 63.88 68.35
Add : Inventory
Add :Terminal Value of Project % 66.96
-100.00 22.01 44.49 49.62 54.73 59.72 63.88 135.32

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IRR 41.23%

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M/S S.R. INDUSTRIES, GONDIA
ANNEXURE-VIII
WORKING CAPITAL REQUIREMENTS
(Amount in Rs. Lacs)
Paticulars % of No.of
2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26
Sales Days

CURRENT ASSETS
Raw Material
Paddy 27 125.19 137.08 150.57 164.55 179.03 194.03 209.55
Bardana & Sutli 10 0.49 0.57 0.64 0.72 0.81 0.90 1.00
SPARES & STORES 7.80 10.50 11.00 11.50 12.00 12.50 13.00

Total Stock of Raw Materials 133.48 148.14 162.21 176.77 191.84 207.43 223.55

Finished Goods
Rice 5 21.22 23.83 26.10 28.44 30.86 33.36 35.95
Broken Rice 5 1.00 1.17 1.19 1.37 1.55 1.58 1.77
Rice Bran 5 2.22 2.45 2.69 2.94 3.20 3.47 3.75
Husk 15 2.48 2.74 3.02 3.30 3.59 3.89 4.20
Total Stock of Finished Goods 26.92 30.19 32.99 36.04 39.20 42.30 45.66

Sundry Debtors
Rice 100% 10 41.94 47.37 51.93 56.63 61.49 66.51 71.69
Broken Rice 100% 10 2.03 2.27 2.50 2.73 2.97 3.22 3.47
Rice Bran 100% 10 4.36 4.89 5.38 5.88 6.39 6.93 7.49
Husk 100% 20 3.15 3.65 4.01 4.38 4.77 5.17 5.58
Other Income 100% 15 0.23 0.25 0.26 0.28 0.30 0.32 0.34
Total Sundry Debtors 51.71 58.42 64.08 69.90 75.92 82.15 88.57

Gross Current Assets 212.11 236.75 259.28 282.72 306.96 331.87 357.78

CURRENT LIABILITIES

Sundry Creditors 100% 2 10.32 10.44 11.47 12.53 13.64 14.79 15.97
Creditors for Expenses 100% 9 1.77 1.87 1.97 2.07 2.18 2.29 2.41

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Total Current Liabilities 12.09 12.31 13.43 14.61 15.82 17.08 18.39

Net Working Capital Required 200.02 224.44 245.85 268.11 291.14 314.79 339.39
Own Margin 50.02 74.44 95.85 118.11 141.14 164.79 189.39
Finance from Bank 150.00 150.00 150.00 150.00 150.00 150.00 150.00

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M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-IX
CALCULATION OF PRODUCTION

Particulars 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

CRUDE OIL EXTRACTION PLANT

Installed Capacity (TPD) 60 60 60 60 60 60 60

No. of Working Days per annum 303 303 303 303 303 303 303

INPUT Installed Capacity p.a. 18,180.00 18,180.00 18,180.00 18,180.00 18,180.00 18,180.00 18,180.00

Capacity Utilization 60% 65% 70% 75% 80% 85% 90%

Input In MTs (Paddy) 10,908.00 11,817.00 12,726.00 13,635.00 14,544.00 15,453.00 16,362.00

Own Milling 80% 8,726.40 9,453.60 10,180.80 10,908.00 11,635.20 12,362.40 13,089.60
CMR 20% 2,181.60 2,363.40 2,545.20 2,727.00 2,908.80 3,090.60 3,272.40
`
Output in own milling
Rice 67% 5,846.69 6,333.91 6,821.14 7,308.36 7,795.58 8,282.81 8,770.03
Broken Rice 5% 436.32 472.68 509.04 545.40 581.76 618.12 654.48
Rice Bran 7% 610.85 661.75 712.66 763.56 814.46 865.37 916.27
Husk 20% 1,745.28 1,890.72 2,036.16 2,181.60 2,327.04 2,472.48 2,617.92

Output in CMR
Rice 50% 1,090.80 1,181.70 1,272.60 1,363.50 1,454.40 1,545.30 1,636.20
Broken Rice 20% 436.32 472.68 509.04 545.40 581.76 618.12 654.48
Rice Bran 7% 152.71 165.44 178.16 190.89 203.62 216.34 229.07
Husk 20% 436.32 472.68 509.04 545.40 581.76 618.12 654.48

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M/S S.R. INDUSTRIES, GONDIA

TOTAL RAW MATERIAL REQUIRMENT

Particulars 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

Paddy (in MT) 8,726.40 9,453.60 10,180.80 10,908.00 11,635.20 12,362.40 13,089.60
Rate (in Rs. Per MT) 16,100.00 16,272.00 16,597.44 16,929.39 17,267.98 17,613.34 17,965.60

Total Paddy Cost 1,404.95 1,538.29 1,689.75 1,846.66 2,009.16 2,177.43 2,351.63

Bardana 123,600.16 135,931.84 146,443.52 156,895.20 167,366.88 177,858.56 188,310.24

Rate (in Rs. Per Pcs.) 12.00 12.60 13.23 13.89 14.59 15.32 16.08

Total Paddy Cost 14.83 17.13 19.37 21.80 24.41 27.24 30.28

SPARES & STORES, TWINS AND MARKS 10.00 10.00 10.00 10.00 10.00 10.00 10.00
Mothly requirement 100,000.00 120,000.00 140,000.00 160,000.00 180,000.00 200,000.00 220,000.00

Total Spares & Stores 10.00 12.00 14.00 16.00 18.00 20.00 22.00

Total Raw Material Cost 1,429.78 1,567.42 1,723.13 1,884.45 2,051.58 2,224.67 2,403.91

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M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-X
CALCULATION OF SALES QUANTITY

Particulars Days 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

Rice
Opening Stock - 96.00 105.00 113.00 121.00 129.00 137.00
Add: Production during the year 5,846.69 6,333.91 6,821.14 7,308.36 7,795.58 8,282.81 8,770.03
Less : Closing Stock 5 96.00 105.00 113.00 121.00 129.00 137.00 145.00
Sales Quantity (in MTs) 5,750.69 6,324.91 6,813.14 7,300.36 7,787.58 8,274.81 8,762.03

Broken Rice
Opening Stock - 7.00 8.00 8.00 9.00 10.00 10.00
Add : Production 436.32 472.68 509.04 545.40 581.76 618.12 654.48
Less : Closing Stock 5 7.00 8.00 8.00 9.00 10.00 10.00 11.00
Sales Quantity (in MTs) 429.32 471.68 509.04 544.40 580.76 618.12 653.48

Rice Bran
Opening Stock - 12.60 13.65 14.70 15.75 16.80 17.85
Add : Production 763.56 827.19 890.82 954.45 1,018.08 1,081.71 1,145.34
Less : Closing Stock 5 12.60 13.65 14.70 15.75 16.80 17.85 18.90
Sales Quantity (in MTs) 750.96 826.14 889.77 953.40 1,017.03 1,080.66 1,144.29

Husk
Opening Stock - 108.00 117.00 126.00 135.00 144.00 153.00
Add : Production 2,181.60 2,363.40 2,545.20 2,727.00 2,908.80 3,090.60 3,272.40
Less : Closing Stock 15 108.00 117.00 126.00 135.00 144.00 153.00 162.00

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Sales Quantity (in MTs) 2,073.60 2,354.40 2,536.20 2,718.00 2,899.80 3,081.60 3,263.40

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M/S S.R. INDUSTRIES, GONDIA

SALES REALIZATION

Particulars 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

Rice
Net Selling Price Per MT (in Rs.) 22,100.00 22,692.00 23,095.00 23,506.00 23,926.00 24,354.00 24,791.00
Sales Quantity (in MTS) 5,750.69 6,324.91 6,813.14 7,300.36 7,787.58 8,274.81 8,762.03
Sales Realization (in Rs. Lacs) 1,270.90 1,435.25 1,573.49 1,716.02 1,863.26 2,015.25 2,172.20

Broken Rice
Net Selling Price Per MT (in Rs.) 14,300.00 14,586.00 14,877.72 15,175.27 15,478.78 15,788.36 16,104.12
Sales Quantity (in MTS) 429.32 471.68 509.04 544.40 580.76 618.12 653.48
Sales Realization (in Rs. Lacs) 61.39 68.80 75.73 82.61 89.89 97.59 105.24

Rice Bran
Net Selling Price Per MT (in Rs.) 17,600.00 17,952.00 18,311.04 18,677.26 19,050.81 19,431.82 19,820.46
Sales Quantity (in MTS) 750.96 826.14 889.77 953.40 1,017.03 1,080.66 1,144.29
Sales Realization (in Rs. Lacs) 132.17 148.31 162.93 178.07 193.75 209.99 226.80

Husk
Net Selling Price Per MT (in Rs.) 2,300.00 2,346.00 2,392.92 2,440.78 2,489.59 2,539.39 2,590.17
Sales Quantity (in MTS) 2,073.60 2,354.40 2,536.20 2,718.00 2,899.80 3,081.60 3,263.40
Sales Realization (in Rs. Lacs) 47.69 55.23 60.69 66.34 72.19 78.25 84.53

Other Income (CMR Milling Income) 4.58 4.96 5.34 5.73 6.11 6.49 6.87
@300 Rs per ton
Total CMR Milling Income 4.58 4.96 5.34 5.73 6.11 6.49 6.87

Total Sales Realization 1,516.74 1,712.55 1,878.19 2,048.77 2,225.21 2,407.57 2,595.64

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M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-XI
REPAYMENT OF TERM LOAN

Amount of Loan 100.00

Rate of Interest 12.50%
Repayment Period (Excluding moratorium period) 78 Months
Principal Instalment per month after 2 year 1.28
Moratorium Period 6 Months
No.of Instalments in a year 12.00
(Amount In Rs. Lacs)
Year Principal Interest Amount
Months
Repaid paid Outstanding

Year 2018-19 1 1.04 100.00

2 - 1.04 100.00
3 - 1.04 100.00
4 - 1.04 100.00
5 - 1.04 100.00
6 - 1.04 100.00

Year 2018-19 7 1.28 1.04 98.72

8 1.28 1.03 97.44
9 1.28 1.01 96.15
10 1.28 1.00 94.87
11 1.28 0.99 93.59
12 1.28 0.97 92.31
13 1.28 0.96 91.03
14 1.28 0.95 89.74
15 1.28 0.93 88.46
16 1.28 0.92 87.18
17 1.28 0.91 85.90
18 1.28 0.89 84.62

Year 2019-20 19 1.28 0.88 83.33

20 1.28 0.87 82.05
21 1.28 0.85 80.77
22 1.28 0.84 79.49
23 1.28 0.83 78.21
24 1.28 0.81 76.92
25 1.28 0.80 75.64
26 1.28 0.79 74.36
27 1.28 0.77 73.08
28 1.28 0.76 71.79
29 1.28 0.75 70.51
30 1.28 0.73 69.23

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M/S S.R. INDUSTRIES, GONDIA -
-
Year 2020-21 31 1.28 0.72 67.95
32 1.28 0.71 66.67
33 1.28 0.69 65.38
34 1.28 0.68 64.10
35 1.28 0.67 62.82
36 1.28 0.65 61.54
37 1.28 0.64 60.26
38 1.28 0.63 58.97
39 1.28 0.61 57.69
40 1.28 0.60 56.41
41 1.28 0.59 55.13
42 1.28 0.57 53.85

Year 2021-22 43 1.28 0.56 52.56

44 1.28 0.55 51.28
45 1.28 0.53 50.00
46 1.28 0.52 48.72
47 1.28 0.51 47.44
48 1.28 0.49 46.15
49 1.28 0.48 44.87
50 1.28 0.47 43.59
51 1.28 0.45 42.31
52 1.28 0.44 41.03
53 1.28 0.43 39.74
54 1.28 0.41 38.46

Year 2022-23 55 1.28 0.40 37.18

56 1.28 0.39 35.90
57 1.28 0.37 34.62
58 1.28 0.36 33.33
59 1.28 0.35 32.05
60 1.28 0.33 30.77
61 1.28 0.32 29.49
62 1.28 0.31 28.21
63 1.28 0.29 26.92
64 1.28 0.28 25.64
65 1.28 0.27 24.36
66 1.28 0.25 23.08

Year 2023-24 67 1.28 0.24 21.79

68 1.28 0.23 20.51
69 1.28 0.21 19.23
70 1.28 0.20 17.95
71 1.28 0.19 16.67
72 1.28 0.17 15.38
73 1.28 0.16 14.10
74 1.28 0.15 12.82
75 1.28 0.13 11.54
76 1.28 0.12 10.26

27 PREPARED BY ASKCA ASSOCIATES

77 1.28 0.11 8.97
78 1.28 0.09 7.69

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M/S S.R. INDUSTRIES, GONDIA

Year 2024-25 79 1.28 0.08 6.41

80 1.28 0.07 5.13
81 1.28 0.05 3.85
82 1.28 0.04 2.56
83 1.28 0.03 1.28
84 1.28 0.01 (0.00)
Total 100.00 47.40 -

SUMMERY OF INTEREST & PRINCIPAL PAYMENT

(Rs. Lacs)
Particulars Principal Interest Capitalized Total
Year 0 - 6.25 - 6.25
Year 1 15.38 11.62 - 27.00
Year 2 15.38 9.70 - 25.08
Year 3 15.38 7.77 - 23.16
Year 4 15.38 5.85 - 21.23
Year 5 15.38 3.93 - 19.31
Year 6 15.38 2.00 - 17.39
Year 7 7.69 0.28 - 7.97
Total… 100.00 47.40 - 147.40

29 PREPARED BY ASKCA ASSOCIATES

M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-XII
POWER REQUIRMENT FOR RICE BRAN REFINARY

A) Power Requirement 62.50 KVA

B) No. of shifts Per day 1.00 Shifts
C) No. of Hours. Per Shift 10.00 Hours
D) No.of Working Days 303.00 days
F) Power Factor 0.80
G) Load Factor 0.90
H) Units Consumed per Annum 168,333.33
(A x B x C x D x E x F x G)

Rate per Unit (Rs./kWh) 7.00 Rs.

Power Rate Capacity Power Cost

Particulars Units Consumed (Rs./unit) Utilization (Rs. In Lacs)
Power Consumed at 100% 168,333.33 7.00 100% 11.78
Year 1 168,333.33 7.00 60% 7.07
Year 2 168,333.33 7.00 65% 7.66
Year 3 168,333.33 7.00 70% 8.25
Year 4 168,333.33 7.00 75% 8.84
Year 5 168,333.33 7.00 80% 9.43
Year 6 168,333.33 7.00 85% 10.02
Year 7 168,333.33 7.00 90% 10.61

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M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-XII

PARTNERS CAPITAL ACCOUNT

FIXED CAPITAL (Amount in Rs. Lacs)

Particulars Year 0 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26
Nishant Agrawal
Urmila Agrawal
Satish Agrawal
Total Fixed Capital - - - - - - - -

CURRENT ACCOUNT
Particulars Year 0 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

kirti chouradia
Opening Balance - 20.00 23.00 37.95 56.09 77.35 101.62 129.43
Add: Additions during the year 20.00 - - - - - - -
Add: Profit during the year - 3.00 14.94 18.14 21.26 24.27 27.81 30.46
Total (A) 20.00 23.00 37.95 56.09 77.35 101.62 129.43 159.88

gyan chand chouradia

Opening Balance - 20.00 23.00 37.95 56.09 77.35 101.62 129.43
Add: Additions during the year 20.00 - - - - - - -
Add: Profit during the year - 3.00 14.94 18.14 21.26 24.27 27.81 30.46
Total (B) 20.00 23.00 37.95 56.09 77.35 101.62 129.43 159.88
Total Capital (A+B+C) 40.00 46.01 75.89 112.18 154.70 203.24 258.85 319.77
M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-XIII
DIRECT LABOUR & WAGES

Particulars Permanent Per month Total

Nos. (in Rs.) (in Rs. Lacs)

Plant Incharge 1 25,000.00 3.00

Rice Mill
Operator 2 15,000.00 3.60
Semiskilled Helper 3 10,000.00 3.60
Workers
Unskilled Workers 10 8,000.00 9.60
Watchman 2 8,000.00 1.92

Total 18 21.72
Add: Statutory Benefits @ 20% 4.34
Total Wages 18 26.06

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M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-XIV
REPAIRS AND MAINTENANCE

(Amount In Rs. Lacs)

Value of Amount
Particulars Rate Assets

Infrastructure Development 1.00%

Plant & Machinery 1.00% 140.00 1.40
Builing, Godown 1.00%
Total 1.40

33 PREPARED BY ASKCA ASSOCIATES

M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-XV
DEPRICIATION WORKING AS PER WDV METHOD

(Amount In Rs. Lacs)

Infrastructure
Particulars Land Building Plant & development Total
Machinery
Rate of Dep. 0% 10% 15% 10%

Opening WDV - - - - -
Additions in Year 0 - 140.00 140.00
Dep. In Year 0 - - - - -
WDV at the end of Year 0 - 140.00 - - 140.00

Additions in Year 1 - - - - -
Add : Interest Capitalized - - - - -
Dep. In Year 2018-19 - 14.00 - - 14.00
WDV at the end of Year 1 - 126.00 - - 126.00

Additions in Year 2 - - - - -
Dep. In 2019-20 - 12.60 - - 12.60
WDV at the end of Year 2 - 113.40 - - 113.40

Additions in Year 3 - - - - -
Dep. In 2020-21 - 11.34 - - 11.34
WDV at the end of Year 3 - 102.06 - - 102.06

Additions in Year 4 - - - - -
Dep. In 2021-22 - 10.21 - - 10.21
WDV at the end of Year 4 - 91.85 - - 91.85

Additions in Year 5 - - - - -
Dep. In 2022-23 - 9.19 - - 9.19
WDV at the end of Year 5 - 82.67 - - 82.67

Additions in Year 6 - - - - -
Dep. In 2023-24 - 8.27 - - 8.27
WDV at the end of Year 6 - 74.40 - - 74.40

Additions in Year 7 - - - - -
Dep. In 2024-25 - 7.44 - - 7.44
WDV at the end of Year 7 - 66.96 - - 66.96

34 PREPARED BY ASKCA ASSOCIATES

M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-XVI
SALARIES

(Amount In Rs. Lacs)

Particulars Permanent Rate per month
Total
Nos. (in Rs.)
Head Manager 1 30,000.00 3.60
Administration Staf 2 15,000.00 3.60
Office Assistants 1 10,000.00 1.20
Total 4 8.40
Add: Statutory Benefits @ 20% 1.68
Total 10.08

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M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-XVII
ADMINISTRATIVE EXPENSES

(Amount In Rs. Lacs)

Particulars Per Month
Total
(Rs)
Electricity Expenses 5,000.00 0.60
Postage, Telegram, Telephone 2,000.00 0.24
Rent, Rates & Taxes 5,000.00 0.60
Travelling & Conveyance 30,000.00 3.60
Printing & Stationary 5,000.00 0.60
Audit & Consultation 15,000.00 1.80
Newspaper & Periodicals 1,000.00 0.12
Office Expenses 17,000.00 2.02
Advertisement Expenses 2,000.00 0.24
License Renewal 1.80
Insurance Expenses 1.98
Total 13.60

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M/S S.R. INDUSTRIES, GONDIA

ANNEXURE-XVIII
SELLING EXPENSES

(Amt in Rs. Lacs)

Particulars 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

Calculation Of Packing Material Cost

Packing Material (in Rs./MT) 15.00 15.00 15.00 15.00 15.00 15.00 15.00
Total Sales Quantity 9,005.00 9,977.00 10,748.00 11,516.00 12,285.00 13,055.00 13,823.00

Total Packing Material Cost (in Rs.lacs) 1.35 1.50 1.61 1.73 1.84 1.96 2.07

Total Selling Expenses 1.35 1.50 1.61 1.73 1.84 1.96 2.07

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 M/S S.R. INDUSTRIES, GONDIA

List of Plant & Machinery

Annexure-XXI

Cost Cost
Sr. No. Description with Specification Qty Name of Suppliers
( Rs. In Lacs) ( Rs. In Lacs)

1 Oil Expellers (Basic Cost) 2 Krishna Engineering 17.00

(Model Double Chamber Oil Expeller Fitted
with Steam Cooker / Kettle

Add: CST 0.34

Add: Erection Cost 0.03
Add: Other Miscellenous Expenses 0.02 17.385

2 Elevator & Conveyor Jalaram Industries

a) Bucket Elevator - 0.65

b) 12" Screw conveyor - 0.56

(with UCHB Hanging Bearing 2 No.s)

c) Platform for Elevator 1 0.08

d) Driving Attachment for elevator and

conveyor 2 Set 0.13

Add: CST 0.03 1.44

3 L&T Valves with miscellaneous items - Gupta Machinery Stores 0.32

Cyclone Dust Collector & other

4 miscellaneous Items Kedar Industries

a) Mechanical Cyclone Dust Collector 1 1.25

b) Frabrication & Erection of

- M.S. Chimney (Suitable for 1.5 TPH Boiler) 1 2.55

- M.S. Tank 1 0.63
- MS Ducting Boiler to Chimney 1 0.43
- Erection of M.S. Chimney 1 0.50
- Boiler Model (1.5 TPH) Erection. 1 0.75
- Steam pipeline 0.51
- Pressure reducing station as per IBR
regulations 1.45
- Steam Header 1 0.27

c) C.I. Valve Flange End 0.33

d) Scrutiny fees & other charges 0.10 8.77

5 Exhaust Blower 1 Techno Air Engineer 0.44

6 Spiral Vavle Spirax Marshall P. Ltd.

a) Pilot operated self acting pressure reducing

Valve 1 0.43

b) Safety Valve 5 0.19

c) P&F Charges 0.02

d) Excise Duty on a & b 0.08

d) CST 0.02 0.72

7 11 KV H.T. Metering Cubicle 1 Koyna Engineers PVT. LTD. 1.33

HT Line with Transformers ,Electrification Sood Powertech Services

8 & Sheet

Basic Cost 11.55

Erection & Transportation 2.23 13.78

9 MS Oil Under Ground & Storage Tank Kulwal Iron & Steel PVT. LTD.

As per Specifications and Size

a) 1.5*1.5*1.5 3 2.49
b) 2.5*2.5*1.35 1 1.24
c) 1.5*1.95*.09 1 0.70
d) 5000 * 1600mm Dia vertical 3 5.40
e) 4900*2500mm Dia Horizontal 1 2.65 12.48

Total(a+b)… 56.67

Cost
Sr. No. Description with Specification
( Rs. In Lacs)

1 Oil Mil

a) Eligible Items
Oil Expellers 17.34
Elevator & Conveyor 1.44
L&T Valves with miscellaneous items 0.32
Cyclone Dust Collector & other miscellaneous
Items 8.67
Exhaust Blower (with accessories) 0.44
Spirax Valve 0.72
11 KV H.T. Metering Cubicle 1.33
HT Line with Transformers & Electrification 11.55
MS Oil Under Ground & Storage Tank 12.48
Subtotal (a) 54.30

b) Ineligible Items

Oil Expeller 0.05

Cyclone Dust Collector & other miscellaneous
Items 0.10
HT Line with Transformers ,Electrification &
Sheet 2.23

Subtotal (b) 2.38

Total(a+b)… 56.67
A) TAKING REDUCTION OF 5% IN REVENUE
(Rs. In lacs)
PARTICULARS 1 2 3 4 5
Revenue 1516.74 1712.55 1878.19 2048.77 2225.21
Revenue after deduction of 5% 1440.90 1626.93 1784.28 1946.33 2113.95
Expenditure 1437.90 1591.09 1739.66 1893.16 2052.55
Excess of Surplus over Exp. 3.00 35.83 44.61 53.18 61.40

CALCULATION OF DEBT SERVICE RATIO

TAKING 5% REDUCTION IN REVENUE

PARTICULARS 1 2 3 4 5
Profit After Tax 3.00 35.83 44.61 53.18 61.40
Depreciation 16.00 14.60 13.34 12.21 11.19
Interest on Term Loan 11.62 9.70 7.77 5.85 3.93
TOTAL 30.62 60.13 65.73 71.23 76.51
Interest on Term Loan 11.62 9.70 7.77 5.85 3.93
Instalment of term loan 15.38 15.38 15.38 15.38 15.38
TOTAL 27.00 25.08 23.16 21.23 19.31
DSCR 1.13 2.40 2.84 3.35 3.96
Average D S C R 2.90

B) TAKING INCREASE OF 5% IN EXPENDITURE

PARTICULARS 1 2 3 4 5
Revenue 1516.74 1712.55 1878.19 2048.77 2225.21
Expenditure 1437.90 1591.09 1739.66 1893.16 2052.55
Expenses After 5% increase 1,512.61 1,673.93 1,830.38 1,992.01 2,159.84
Excess of Surplus over Exp. 4.13 38.63 47.81 56.76 65.37

CALCULATION OF DEBT SERVICE RATIO

TAKING 5% INCREASE IN EXPENDITURE

PARTICULARS 1 2 3 4 5
Profit after Tax 4.13 38.63 47.81 56.76 65.37
Depreciation 16.00 14.60 13.34 12.21 11.19
Interest on Term Loan 11.62 9.70 7.77 5.85 3.93
TOTAL 31.75 62.92 68.92 74.82 80.48
Interest on Term Loan 11.62 9.70 7.77 5.85 3.93
Instalment of term loan 15.38 15.38 15.38 15.38 15.38
TOTAL 27.00 25.08 23.16 21.23 19.31
DSCR 1.18 2.51 2.98 3.52 4.17
Average D S C R 3.04
(Rs. In lacs)
6
2407.57
2287.19
2216.01
71.18

6
71.18
8.27
2.00
81.45
2.00
15.38
17.39
4.68

6
2407.57
2216.01
2,331.95
75.62

6
75.62
8.27
2.00
85.89
2.00
15.38
17.39
4.94
M/S S.R. INDUSTRIES, GONDIA

Annexure XXIII

IRR

Cost of Capital
Cost of Equity Err:509
Cost of Term Loan 12.50%
Cost of Unsecured Loan 12.00%

Capital Structure
Partners/Total Capital 20.00%
Term Loan/Total Capital 50.00%
Unsecured Loan / Total Capital 30.00% 0

Weighted Average Cost of Capital Err:509

Net Cash Flows

Particulars Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

Profit After Tax 6.01 29.89 36.28 42.53 48.53 55.61

Add:
Tax 2.69 13.37 16.22 19.02 21.70 24.87
Interest on Term Loan 11.62 9.70 7.77 5.85 3.93 2.00
Interest on Working Capital Loan 18.00 18.00 18.00 18.00 18.00 18.00
Depreciation 14.00 12.60 11.34 10.21 9.19 8.27

Less:
Capital Expenditure 140.00 - - - - - -
Net Cash Flows Before Tax (140.00) 52.31 83.55 89.62 95.60 101.35 108.75
Net Cash Flows After Tax (140.00) 49.62 70.18 73.40 76.58 79.65 83.88
Discounting Factor Err:509 Err:509 Err:509 Err:509 Err:509 Err:509 Err:509
Discounted Cash Flow Err:509 Err:509 Err:509 Err:509 Err:509 Err:509 Err:509

Net Present Value (Rs. In Lacs) Err:509

IRR after Tax Err:509
 M/S S.R. INDUSTRIES, GONDIA

PROFITABILITY TRENDS

70.00

60.00

50.00

40.00

Row 43
30.00

20.00

10.00

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1 2 3 4 5 6 7