CMA Universal

Mahendra suthar Company
ANNEXURE - I
STATEMENT SHOWING COST OF PROJECT
& MEANS OF FINANCE
PARTICULARS Amount
(Rs in Crores)
COST OF PROJECT
Land 2.83
Building 2.00
Plant & Machineries

Indegenious 11.70
Imported 3.69
Preliminary & Preoperative Exps 0.25
Total Capital Cost of Project 20.47
Margin Money for Working Capital 6.25
Total Cost of Project 26.72
MEANS OF FINANCE
Partner Capital 8.50
Long/ Medium Term Borrowings

Term Loan
(For Plant & Machineries) 11.54
Unsecured Loans/ Deposits

From Partners/ 6.68
their relatives /Subsidy*
Total Means of Finance 26.72
(*) The firm is also eligible for cash subsidy from Gujarat Agro @ 25% of the
total cost of Plant & Machineries subject to a maximum of Rs.50.00 lacs. In
case of release of subsidy, the said amount is proposed to be credited to term
loan a/c. Till the time subsidy is released, the firm proposes to raise
unsecured loans to meet with the cost of project. In view of this subsidy is not
separately shown in the means of finance. A separate application shall be
submitted for the same to the bank. We request the bank to mention this fact
in the appraisal so that our eligibility may not be questioned by the respective
authority. For such capial subsidy application is required to be made online.
submitted for the same to the bank. We request the bank to mention this fact
in the appraisal so that our eligibility may not be questioned by the respective
authority. For such capial subsidy application is required to be made online.
For Mahendra suthar Company
PARTNER
ANNEXURE - II
LIST OF PLANT & MACHINERIES :
Name of Supplier
Sr. No. Description Of Asset Quotation No.& Date NOS
Plant & Machineries
A RICE MILL DIVISION :
Imported:
1 Satake Asia Co. Ltd Milling Separatort,Leg Aspirator, DA-04/14/13527
Destoner,Rice Whitener, Dt.14.3.2018
Paddy Husker,Paddy Separator
Rotary Sifter, Rice Polisher,
Thickness Grader, Optical Sorter
Indigeneous:
2 Compliance Engineering Pvt Ltd Bucket Elevator Paddy 18/JS27/211-A

Bucket Elevator Rice 18/JS27/211-LG
Chain Conveyer Paddy 18/JS27/211
Chain Conveyer Husk Dt.27.3.2018
Screw Conveyer
Belt Conveyer
Blower
3 Satake India Engineering Pvt. Ltd Rice Mill panel and automation system
4 V R Traders ABB make AC Moters Dt.21/03/2018 6

Model No:E2HX280SMB4
5 Transformers & Rectifiers (india) Ltd T & R make 1000 KVA, 11/0.433KVA MKTG/TARIL/8023/VP/MP/2 1
distribution Transformer with OLTC Dt.23.03.2018
6 Prisam Engitech Pvt Ltd KAESER Rotary Screw Air Compressor Dt.24.03.2018 2
KAESER micro Filter 2
Kaser make air Receiver 2
7 Ashirvad Steel Traders HR Sheet, IS Beam, MS Angel
RICE MILL DIVISION (A)

B PAR BOILING SECTION :
8 ALPSCO GRAINTECH PRIVATE LIMITED Super Pre Cleaner AGPL/C467/756_1.0 2

Model NO:84378020 Dt.24.03.2018
9 Agri Process Innovations LLP APIT Paddy Parboiling Plant-128 TPB 1

APIT Paddy Storage Plant- 32TPBX Dt.15/03/2018 5
10 GANESH ENGINEERING SS 202 WATER STORAGE TANK Dt.24/03/2018 4
PAR BOILING DIVISION (B)
C BOILER DIVISION :
11 INDUSTRIAL BOILERS LTD 12 TPH RICE HUSK FIRED Dt.04/03/2018

FLUIDISED BED COMBUSTION BOILER
12 Eco Chimney Pvt. Ltd Chimney 577-ENQ-260318
13 R.K. Engineering Co. Boiler Accessories & Boier installation
14 Panda Water Tech Pvt. Ltd R O Plant
15 Shree Ganesh Traders Boiler Furnace
16 M/s. Kantilal Chimanlal Boiler fitting accessories
17 Ashirvad Steel Traders Steel for boiler structure
BOILER DIVISION ('C)
18 GEB Coonection Charges
19 Amee Associates Machinery Foundation
GRAND TOTAL
Page 1
Duties & Total
Basic Price Taxes amount
35175000 1758750 36933750

(USD 525000*67 )
3320000 597600 3917600

2108000 105400 2213400
7500000 1350000 8850000
6300000 1134000 7434000
1078380 194108 1272488
1775000 319500 2094500
1858000 440580 2538580

76000
164000
4143590 745846 4889436
63497970 6645785 70143755

Page 2
1620000 81000 1701000
36500000 1825000 38325000
1720000 309600 2029600
39840000 2215600 42055600
4500600 810108 5310708

1260000 226800 1486800
1700000 306000 2006000
1600000 288000 1888000
1287810 235317 1523127
1524055 274330 1798385
4144985 746097 4891082
16017450 2886652 18904102
500000 500000
22316571 22316571
142171991 11748037 153920027
FOR INDIAN FOOD INDUSTRIES

PARTNER
ASSESSMENT OF WORKING CAPITAL REQUIREMENT

NAME OF THE UNIT For the year ending 31st March
Mahendra suthar Company 2018-19 2019-20 2020-21 2021-22 2022-23

Proj. Proj. Proj. Proj. Proj.
1 GROSS SALES
i. Domestic sales 47.02 88.35 91.84 94.11 96.99
ii. Export sales 20.15 37.86 39.36 40.33 41.57
ii Export Sales
Total 67.17 126.22 131.20 134.44 138.56
2 Less excise duty
Deduct other items
ADD :Other Operating Income
3 Net sales ( item 1 - item 2 ) 67.17 126.22 131.20 134.44 138.56
4 % age rise (+) or fall (-) in net 87.89 3.95 2.48 3.06
sales compared to previous
year (annualised)
5 Cost of Sales
i.) Raw materials (including 63.42 115.97 116.77 119.81 123.43

stores and other items used
in the process of manufacture)
(a) imported
(b) Indigenous 63.42 115.97 116.77 119.81 123.43
ii) Other spares - - - - -
(a) Imported - -
(b) Indigenous
iii) Power and fuel 1.20 3.60 3.73 3.86 3.99
iv) Direct labour 0.46 0.88 0.88 0.91 0.94
(Factory wages & salary)
v) Other mfg. Expenses 0.20 0.30 0.30 0.30 0.50
vi) Depreciation 1.29 2.32 1.98 1.69 1.45
vii) SUB TOTAL (I TO VI) 66.57 123.07 123.66 126.57 130.31
viii) ADD: Opening stocks-in-Process) -
Sub-total 66.57 123.07 123.66 126.57 130.31

2018-19 2019-20 2020-21 2021-22 2022-23
Mahendra suthar Company Proj. Proj. Proj. Proj. Proj.
ix) Deduct : Closing stocks-in-
process
x) Cost of Production 66.57 123.07 123.66 126.57 130.31
xi) Add : Opening stock of
finished goods 2.77 7.13 7.41 7.59
SUB-TOTAL 66.57 125.84 130.79 133.98 137.90
xii) Deduct closing stock of
finished goods 2.77 7.13 7.41 7.59 7.81
xiii) SUB-TOTAL (Total cost of Sales) 63.80 118.71 123.38 126.39 130.09
6 Selling general and administrtive
expenses 0.55 1.30 1.43 1.57 1.73
7 SUB-TOTAL (5+6) 64.35 120.01 124.81 127.96 131.82
8 Operating profit before interest 2.82 6.21 6.39 6.48 6.75
( 3-7 )
Working Capital Interest 0.56 1.53 1.55 1.57 1.58
Term Loan Interest 0.28 0.93 0.92 0.77 0.62
Other Financial Charges 0.33 0.57 0.57 0.57 0.57
9 Total Interest 1.17 3.04 3.04 2.91 2.78
10 Operating profit after interest (8-9) 1.65 3.17 3.34 3.57 3.97
11 Partners Remuneratiom 0.15 0.15 0.20 0.25
Interest on Partners Capital 0.50 0.55 0.60 0.65
12 (i) Add other non-operating income
(ii) Deduct other non-operating expenses
(iii) Net of other non-operating - - - - -
income/expenses
13 Profit Before Tax 1.65 2.52 2.64 2.77 3.07
14 Provision for taxes 0.04 0.31 0.82 0.87 0.96
15 Prior Years Adjustment(if any)#
16 Net profit/loss for the year ( 12-13 ) 1.62 2.21 1.82 1.91 2.11
Rs. in crores
2023-24 2024-25 2025-26 2026-27
Proj. Proj. Proj. Proj.
99.86 102.68 105.54 108.41
42.80 44.00 45.23 46.46
142.66 146.68 150.78 154.87
142.66 146.68 150.78 154.87
2.95 2.82 2.79 2.72
127.06 130.68 134.31 137.93
127.06 130.68 134.31 137.93
- - - -
- - - -
4.13 4.28 4.43 4.58
0.96 0.99 1.02 1.04
0.70 0.85 0.95 1.00
1.24 1.06 0.90 0.77
134.09 137.85 141.60 145.33
- - - -
134.09 137.85 141.60 145.33

2023-24 2024-25 2025-26 2026-27
Proj. Proj. Proj. Proj.
134.09 137.85 141.60 145.33
7.81 8.04 8.27 8.49
141.90 145.90 149.87 153.82
8.04 8.27 8.49 8.72
133.86 137.63 141.38 145.10
1.90 2.10 2.38 2.60
135.77 139.73 143.76 147.70
6.89 6.95 7.02 7.17
1.60 1.62 1.64 1.66
0.46 0.31 0.16 0.03
0.57 0.57 0.57 0.57
2.64 2.51 2.37 2.26
4.25 4.45 4.65 4.91

0.30 0.35 0.40 0.45
0.70 0.75 0.80 0.85
- - - -
3.25 3.35 3.45 3.61
1.01 1.04 1.08 1.13
2.24 2.30 2.37 2.49

PARTNER
LIABILITIES STATEMENT
AS PER BALANCE SHEET AS AT 31st MARCH

Mahendra suthar Company Rs in Crore
No. LIABILITIES 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
CURRENT LIABILITIES Proj. Proj. Proj. Proj. Proj. Proj. Proj.
1 Short-term borrowings from
banks(including bills purchased,
discounted & excess borrowing
placed on repayment basis)
(i.) From applicant banks 22.00 25.00 25.00 25.00 25.00 25.00 25.00
(ii.) From other banks
(iii) Of which BP & BD
SUB TOTAL 22.00 25.00 25.00 25.00 25.00 25.00 25.00
2 Short term borrowings from others
3 Sundry Creditors - 0.49 0.98 1.00 1.04 1.06 1.09
(a) Imported
(b) Indigenous 0.49 0.98 1.00 1.04 1.06 1.09
4 Advance payments from custo- 1.01 0.67 0.25 0.35 0.44 0.54 0.64
mers/deposits from dealers
5 Provision for taxes 0.04 0.31 0.82 0.87 0.96 1.01 1.04
6 Creditors for Expenses
7 Other statutory liabilities
(due within one year)
8 Deposits/instalments of term 0.82 1.65 1.65 1.65 1.65 1.65 1.64

loans/DPGs/Debentures,etc.
(due within one year)
9 Other current liabilities &
provisions(due within 1 Yr)
Other current liabilities 0.04 0.06 0.08 0.10 0.12 0.14
SUB-TOTAL (B) 1.87 3.15 3.76 3.94 4.19 4.38 4.56
TOTAL CURRENT LIABILITIES 23.87 28.15 28.76 28.94 29.19 29.38 29.56
TERM LIABILITIES
11 Debentures (not maturing
within one year)
12 Preference shares
(redeemable after one year)
13 Term loans(excluding instalment) 8.98 9.07 7.42 5.77 4.12 2.47 0.83
payable within one year)
14 Creditors for Capital Good
15 Creditors for fixed asset/LC
16 Other Term Liabilities (loans from

Directors/Relatives/sister concern 7.54 7.54 7.54 7.54 7.54 7.54 7.54
17 TOTAL TERM LIABILITIES 16.51 16.61 14.96 13.31 11.66 10.01 8.37
18 TOTAL OUTSIDE LIABILITIES 40.38 44.76 43.72 42.25 40.85 39.40 37.93
NET WORTH
19 Partners' capital 8.50 8.50 8.90 9.35 9.90 10.55 11.30
20 Remuneration and Interest - 0.65 0.70 0.80 0.90 1.00 1.10
21 Withdrawals (0.25) (0.25) (0.25) (0.25) (0.25) (0.25)
22 Cash Subsidy
24 Surplus (+) or deficit (-) in 1.62 3.83 5.65 7.56 9.67 11.91 14.21
Profit & Loss Account
25 NET WORTH 10.12 12.73 15.00 17.46 20.22 23.21 26.36
26 TOTAL LIABILITIES 50.50 57.49 58.72 59.71 61.07 62.60 64.29
FOR INDIAN FOOD IN
PARTNER
2025-26 2026-27
Proj. Proj.
25.00 25.00
25.00 25.00
1.12 1.16
1.12 1.16
0.83 0.87
1.08 1.13
0.83 -
0.16 0.18
4.02 3.34
29.02 28.34
- -
7.54 7.54
7.54 7.54
36.55 35.88
12.15 13.10
1.20 1.30
(0.25) (0.25)
16.58 19.07
29.68 33.22
66.24 69.10
PARTNER
Sl. 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
ASSETS
No. Proj. Proj. Proj. Proj. Proj. Proj.
26 Cash and bank balances including 0.21 0.06 0.05 0.05 0.01 0.05
Fixed Deposits with Banks
28 (i) Receivables other than 7.84 12.15 12.93 13.72 14.39 14.81
deferred & exports (include
bills purchased and
discounted by Banks)
(ii) Export receivables(include 5.04 9.47 9.84 10.08 10.39 10.70
bills purchased and
discounted by banks)
29 Instalments of deferred
receivables(due with in one yr.)
30 Inventory: 16.78 17.76 19.28 20.87 22.63 24.56
(i)Raw materials(including stores 14.01 10.63 11.87 13.28 14.81 16.52
& other items used in the
process of manufacture)
(a) Imported
(b) Indigenous 14.01 10.63 11.87 13.28 14.81 16.52
(ii) Stock-In-Process - - - - - -
(iii) Finished goods 2.77 7.13 7.41 7.59 7.81 8.04
(iv) Other Consumable Spares
(a) Imported
(b) Indigenous
31 Advance to suppliers of raw
materials & stores and spares
32 Advance payment of taxes 0.04 0.31 0.82 0.87 0.96 1.01
33 Other Current assets
Income tax for earlier years
Pre-paid Expenses
Other Current assets 0.25 0.41 0.48 0.50 0.52 0.53
(Specify major items) 0.25 0.41 0.48 0.50 0.52 0.53
34 TOTAL CURRENT ASSETS 30.15 40.15 43.41 46.09 48.89 51.67
FIXED ASSETS
35 Gross Block(Land & Building 20.76 20.76 20.76 20.76 20.76 20.76
machinery, work-in-process)
36 Depreciation to date 1.29 3.61 5.60 7.29 8.73 9.97
37 NET BLOCK 19.46 17.14 15.16 13.47 12.02 10.79
OTHER NON-CURRENT ASSETS
38 Investment/bookdebts/advances/ 0.15 0.15 0.15 0.15 0.15 0.15
deposits which are not current
assets
(i) a) Investment in subsidiary
Co./affiliates
b) Other Investments
(ii) Advances to suppliers of
capital goods & contractors
(iii)Deferred receivables (maturity
exceeding one year)
(iv)Others (a) Debtors> 6 months
(b) Electricity Deposit 0.15 0.15 0.15 0.15 0.15 0.15
( c ) DTA
39 LC Margin/FD 0.74 0.05
40 Other non-current assets incl-

uding dues from Directors
41 TOTAL OTHER NON-CURR. ASSETS 0.89 0.20 0.15 0.15 0.15 0.15
42 Intangible assets (patents,
goodwill, prelim.expenses, bad/
doubtful exp.not provided for etc)
43 TOTAL ASSETS(34+37+41+42) 50.50 57.49 58.72 59.71 61.07 62.60
44 Tangile Net Worth 10.12 12.73 15.00 17.46 20.22 23.21
45 Net Working Capital 6.28 12.00 14.65 17.15 19.71 22.28
46 Current Ratio 1.26 1.43 1.51 1.59 1.68 1.76
47 Total Outside Liabilities/ 3.99 3.52 2.92 2.42 2.02 1.70

Tangible Net Worth
48 Total Outside Liabilities/ 1.71 1.63 0.96 0.71 0.51 0.35

Tangible Net Worth (Quasi)*
* Unsecured Loans to the extent of Capital is treated as equity.

Rs. in lacs
2024-25 2025-26 2026-27
Proj. Proj. Proj.
0.26 0.26 0.35
15.32 15.83 16.26
11.00 11.31 11.62
26.24 28.08 30.79

17.97 19.59 22.07
17.97 19.59 22.07

- - -
8.27 8.49 8.72
1.04 1.08 1.13
0.55 0.71 0.76

0.55 0.71 0.76
54.41 57.27 60.90
20.76 20.76 20.76
11.03 11.93 12.71

9.73 8.82 8.05
0.15 0.15 0.15
0.15 0.15 0.15
0.15 0.15 0.15

64.29 66.24 69.10
26.36 29.68 33.22
24.85 28.25 32.56
1.84 1.97 2.15
1.44 1.23 1.08
0.22
PARTNER
YEAR 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
If ASSETS are equal to LIABILITIES Y Y Y Y Y Y Y

Balance Sheet Total ASSETS 50.50 57.49 58.72 59.71 61.07 62.60 64.29
Balance Sheet Total LIABILITIES 50.50 57.49 58.72 59.71 61.07 62.60 64.29
Diff Assets- liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2025-26 2026-27
Y Y
66.24 69.10
66.24 69.10
0.00 0.00
TABLE A
DSCR STATEMENT
Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 Cummu.
I II III IV V VI VII VIII IX
Net Sales 67.17 126.22 131.20 134.44 138.56 142.66 146.68 150.78 154.87
Sources
Net Cash Accrual 2.91 4.53 3.80 3.60 3.56 3.47 3.36 3.28 3.26
TL Interest 0.56 0.93 0.92 0.77 0.62 0.46 0.31 0.16 0.03
Total Sources 3.47 5.47 4.72 4.37 4.18 3.94 3.67 3.44 3.29 33.07
Obligations
TL Instalment - 0.82 1.65 1.65 1.65 1.65 1.65 1.64 0.83
TL Interest 0.56 0.93 0.92 0.77 0.62 0.46 0.31 0.16 0.03
Total Uses 0.56 1.76 2.57 2.42 2.27 2.11 1.96 1.80 0.86 15.75
Gross DSCR 6.19 3.11 1.84 1.81 1.84 1.86 1.87 1.91 3.84 2.10
Average GDSCR 2.03

PARTNER
MPBF
FIRST METHOD 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27
1. Total Current Assets 30.15 40.15 43.41 46.09 48.89 51.67 54.41 57.27 60.90
2. Other Current Liabilities 1.87 3.15 3.76 3.94 4.19 4.38 4.56 4.02 3.34
3. Working Capital Gap 28.28 37.00 39.65 42.15 44.71 47.28 49.85 53.25 57.56
4. Minimum Stipulater NWC 5.81 6.88 7.45 8.02 8.58 9.15 9.71 10.49 11.49
5. Actual Projected NWC 6.28 12.00 14.65 17.15 19.71 22.28 24.85 28.25 32.56
6. Items 3 minus Item 4 22.47 30.11 32.20 34.13 36.13 38.14 40.14 42.76 46.08
7. Items 3 minus Item 5 22.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00
8. MPBF 22.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00
(Item 6 or 7 whichever is lower)
9. Excess Borrowing Representi
Shortfall in NWC
SECOND METHOD : 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27
1. Total Current Assets 30.15 40.15 43.41 46.09 48.89 51.67 54.41 57.27 60.90
2. Other Current Liabilities 1.87 3.15 3.76 3.94 4.19 4.38 4.56 4.02 3.34
3. Working Capital Gap 28.28 37.00 39.65 42.15 44.71 47.28 49.85 53.25 57.56
4. Minimum Stipulater NWC 6.28 7.67 8.39 9.00 9.63 10.24 10.85 11.49 12.32
5. Actual Projected NWC 6.28 12.00 14.65 17.15 19.71 22.28 24.85 28.25 32.56
6. Items 3 minus Item 4 22.00 29.33 31.25 33.15 35.08 37.04 39.00 41.76 45.24
7. Items 3 minus Item 5 22.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00
8. MPBF 22.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00
(Item 6 or 7 whichever is lower)
9. Excess Borrowing Representi
Shortfall in NWC
PARTNER
FUND FLOW (DETAILED)

Particulars 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27
1 SOURCES Proj. Proj. Proj. Proj. Proj. Proj. Proj. Proj.
a. Net Profit (After Tax) 2.21 1.82 1.91 2.11 2.24 2.30 2.37 2.49
b. Depreciation 2.32 1.98 1.69 1.45 1.24 1.06 0.90 0.77
c Increase in Capital 2.61 0.40 0.45 0.55 0.65 0.75 0.85 0.95
d. Increase In TL. Incl.public deposits 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e. Decrease in
i.) Fixed Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ii.) Other Non Current Assets 0.69 0.05 0.00 0.00 0.00 0.00 0.00 0.00
f Others 0.00 0.05 0.10 0.10 0.10 0.10 0.10 0.10
g. Total 7.93 4.30 4.15 4.21 4.22 4.21 4.23 4.31
2 USES
a. Net Loss 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b. Dec.in Term Liab. incl. Pub.Dep. -0.09 1.65 1.65 1.65 1.65 1.64 0.83 0.00
c. Increase in
i) Fixed Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ii) Other Non current assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d. Dividend Payment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e Others 2.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00
f Total 2.12 1.65 1.65 1.65 1.65 1.64 0.83 0.00
FUNDS FLOW STATEMENT
(Summary)
2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27

Particulars Proj. Proj. Proj. Proj. Proj. Proj. Proj. Proj.
3I Long Term Surplus/Deficit 5.81 2.65 2.50 2.56 2.58 2.57 3.40 4.31
4 ii Increase/decrease in Curr. Assts. 10.00 3.26 2.68 2.80 2.77 2.74 2.86 3.63
5 iii Inc./Dec. in CL other than BB 1.28 0.61 0.18 0.24 0.20 0.18 -0.54 -0.68
6 iv Inc./Dec. in WC Gap 8.72 2.65 2.50 2.56 2.57 2.57 3.40 4.31
7v Net Surplus (+) Deficit (-) -2.90 0.01 0.00 0.00 0.00 0.00 0.00 0.00
8 vi Inc./Dec. in Bank Borrowings 3.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FUNDS FLOW STATEMENT
2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27

Long Term Sources 7.93 4.30 4.15 4.21 4.22 4.21 4.23 4.31
Long Term Uses 2.12 1.65 1.65 1.65 1.65 1.64 0.83 0.00
Surplus/Deficit 5.81 2.65 2.50 2.56 2.58 2.57 3.40 4.31
PARTNER
INSTALLED CAPACITY
Total Paddy Processing 74,880

% of Non Basmati ### 37,440
% of Basmati ### 37,440
Days Ton Hour Production

200 12 24 57,600
120 12 12 17,280
74,880
NON BASMATI RICE
Actual Net Usable

No of Installed Yield % of capacity of
Year Ton/hr No of hrs days Capacity Rice Rice
2018-19 6.0 24 200 28800 60.00% 17280
6.0 12 120 8640 60.00% 5184
2019-20 6.0 24 200 28800 60.00% 17280
6.0 12 120 8640 60.00% 5184
2020-21 6.0 24 200 28800 60.00% 17280
6.0 12 120 8640 60.00% 5184
2021-22 6.0 24 200 28800 60.00% 17280
6.0 12 120 8640 60.00% 5184
2022-23 6.0 24 200 28800 60.00% 17280
6.0 12 120 8640 60.00% 5184
2023-24 6.0 24 200 28800 60.00% 17280
6.0 12 120 8640 60.00% 5184
2024-25 6.0 24 200 28800 60.00% 17280
6.0 12 120 8640 60.00% 5184
2025-26 6.0 24 200 28800 60.00% 17280
6.0 12 120 8640 60.00% 5184
2026-27 6.0 24 200 28800 60.00% 17280
6.0 12 120 8640 60.00% 5184
NON BASMATI RICE BROKEN
Actual Net Usable

2018-19 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2019-20 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2020-21 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2021-22 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2022-23 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2023-24 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2024-25 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2025-26 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2026-27 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
NON BASMATI RICE BRAN
Actual Net Usable

2018-19 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2019-20 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2020-21 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2021-22 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2022-23 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2023-24 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2024-25 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2025-26 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2026-27 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
INSTALLED CAPACITY
BASMATI RICE
Actual Net Usable

2018-19 6.0 24 200 28800 50.00% 14400
6.0 12 120 8640 50.00% 4320
2019-20 6.0 24 200 28800 50.00% 14400
6.0 12 120 8640 50.00% 4320
2020-21 6.0 24 200 28800 50.00% 14400
6.0 12 120 8640 50.00% 4320
2021-22 6.0 24 200 28800 50.00% 14400
6.0 12 120 8640 50.00% 4320
2022-23 6.0 24 200 28800 50.00% 14400
6.0 12 120 8640 50.00% 4320
2023-24 6.0 24 200 28800 50.00% 14400
6.0 12 120 8640 50.00% 4320
2024-25 6.0 24 200 28800 50.00% 14400
6.0 12 120 8640 50.00% 4320
2025-26 6.0 24 200 28800 50.00% 14400
6.0 12 120 8640 50.00% 4320
2026-27 6.0 24 200 28800 50.00% 14400
6.0 12 120 8640 50.00% 4320
BASMATI RICE BROKEN
Actual Net Usable

2018-19 6.0 24 200 28800 16.00% 4608
6.0 12 120 8640 16.00% 1382
2019-20 6.0 24 200 28800 16.00% 4608
6.0 12 120 8640 16.00% 1382
2020-21 6.0 24 200 28800 16.00% 4608
6.0 12 120 8640 16.00% 1382
2021-22 6.0 24 200 28800 16.00% 4608
6.0 12 120 8640 16.00% 1382
2022-23 6.0 24 200 28800 16.00% 4608
6.0 12 120 8640 16.00% 1382
2023-24 6.0 24 200 28800 16.00% 4608
6.0 12 120 8640 16.00% 1382
2024-25 6.0 24 200 28800 16.00% 4608
6.0 12 120 8640 16.00% 1382
2025-26 6.0 24 200 28800 16.00% 4608
6.0 12 120 8640 16.00% 1382
2026-27 6.0 24 200 28800 16.00% 4608
6.0 12 120 8640 16.00% 1382
BASMATI RICE BRAN
Actual Net Usable

2018-19 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2019-20 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2020-21 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2021-22 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2022-23 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2023-24 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2024-25 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2025-26 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
2026-27 6.0 24 200 28800 8.00% 2304
6.0 12 120 8640 8.00% 691
PARTNER
SALES REALIZATIONS
NON-BASMATI RICE BASMATI RICE

Net
Usable
Net Usable Selling capacity
% of Sales Sales % of
Year capacity of Utilization Qty - Tons price- Year of
(Rs in lacs) Utilization
Rice Tons Rice
2018-19 22464.00 35.00% 7371.00 25000.00 1842.75 2018-19 18720.00 35.00%
2019-20 22464.00 75.00% 16286.40 25000.00 4071.60 2019-20 18720.00 57.00%
2020-21 22464.00 77.00% 17269.20 25000.00 4317.30 2020-21 18720.00 58.00%
2021-22 22464.00 80.00% 17929.08 25000.00 4482.27 2021-22 18720.00 59.00%
2022-23 22464.00 82.00% 18420.48 25000.00 4605.12 2022-23 18720.00 61.00%
2023-24 22464.00 84.00% 18869.76 25000.00 4717.44 2023-24 18720.00 63.00%
2024-25 22464.00 86.00% 19290.96 25000.00 4822.74 2024-25 18720.00 65.00%
2025-26 22464.00 88.00% 19740.24 25000.00 4935.06 2025-26 18720.00 67.00%
2026-27 22464.00 90.00% 20189.52 25000.00 5047.38 2026-27 18720.00 69.00%
NON-BASMATI RICE BROKEN BASMATI RICE BROKEN
Net
Selling Usable
Year Net Usable price- Year capacity Utilization
Utilization Qty - Tons (Rs in lacs)
capacity of Tons of
Rice Rice
2018-19 2995.20 35.00% 982.80 17000.00 167.08 2018-19 5990.40 35.00%
2019-20 2995.20 75.00% 2874.22 17000.00 488.62 2019-20 5990.40 57.00%
2020-21 2995.20 77.00% 2349.41 17000.00 399.40 2020-21 5990.40 58.00%
2021-22 2995.20 80.00% 2390.54 17000.00 406.39 2021-22 5990.40 59.00%
2022-23 2995.20 82.00% 2452.32 17000.00 416.89 2022-23 5990.40 61.00%
2023-24 2995.20 84.00% 2512.22 17000.00 427.08 2023-24 5990.40 63.00%
2024-25 2995.20 86.00% 2572.13 17000.00 437.26 2024-25 5990.40 65.00%
2025-26 2995.20 88.00% 2632.03 17000.00 447.45 2025-26 5990.40 67.00%
2026-27 2995.20 90.00% 2691.94 17000.00 457.63 2026-27 5990.40 69.00%
NON BASMATI RICE BRAN BASMATI RICE BRAN
Net
Selling Usable
Year Net Usable price- Year capacity Utilization
Utilization Qty - Tons (Rs in lacs)
capacity of Tons of
Rice Rice
2018-19 2995.20 35.00% 982.80 16000.00 157.25 2018-19 2995.20 35.00%
2019-20 2995.20 75.00% 2171.52 16000.00 347.44 2019-20 2995.20 57.00%
2020-21 2995.20 77.00% 2302.56 16000.00 368.41 2020-21 2995.20 58.00%
2021-22 2995.20 80.00% 2390.54 16000.00 382.49 2021-22 2995.20 59.00%
2022-23 2995.20 82.00% 2452.32 16000.00 392.37 2022-23 2995.20 61.00%
2023-24 2995.20 84.00% 2512.22 16000.00 401.96 2023-24 2995.20 63.00%
2024-25 2995.20 86.00% 2572.13 16000.00 411.54 2024-25 2995.20 65.00%
2025-26 2995.20 88.00% 2632.03 16000.00 421.13 2025-26 2995.20 67.00%
2026-27 2995.20 90.00% 2691.94 16000.00 430.71 2026-27 2995.20 69.00%
Sales of Non Basmati Division Sales of Basmati Division
Rice Rice
Year Year
Rice Broken Rice Bran Total Rice Broken
2018-19 1842.75 167.08 157.25 2167.07 2018-19 3685.50 707.62
2019-20 4071.60 488.62 347.44 4907.66 2019-20 6247.80 1199.58
2020-21 4317.30 399.40 368.41 5085.11 2020-21 6507.54 1249.45
2021-22 4482.27 406.39 382.49 5271.15 2021-22 6619.86 1271.01
2022-23 4605.12 416.89 392.37 5414.39 2022-23 6837.48 1312.80
2023-24 4717.44 427.08 401.96 5546.47 2023-24 7062.12 1355.93
2024-25 4822.74 437.26 411.54 5671.54 2024-25 7286.76 1399.06
2025-26 4935.06 447.45 421.13 5803.63 2025-26 7511.40 1442.19
2026-27 5047.38 457.63 430.71 5935.72 2026-27 7736.04 1485.32
FOR INDIAN FOOD INDU
PARTNER
Sales Selling
Sales
Qty - price-
(Rs in lacs)
Tons Tons
6142.50 60000.00 3685.50
10413.00 60000.00 6247.80
10845.90 60000.00 6507.54
11033.10 60000.00 6619.86
11395.80 60000.00 6837.48
11770.20 60000.00 7062.12
12144.60 60000.00 7286.76
12519.00 60000.00 7511.40
12893.40 60000.00 7736.04
Sales Selling
Sales
Qty - price-
(Rs in lacs)
Tons Tons
1965.60 36000.00 707.62

3332.16 36000.00 1199.58
3470.69 36000.00 1249.45
3530.59 36000.00 1271.01
3646.66 36000.00 1312.80
3766.46 36000.00 1355.93
3886.27 36000.00 1399.06
4006.08 36000.00 1442.19
4125.89 36000.00 1485.32
Sales Selling
Sales
Qty - price-
(Rs in lacs)
Tons Tons
982.80 16000.00 157.25

1666.08 16000.00 266.57
1735.34 16000.00 277.66
1765.30 16000.00 282.45
1823.33 16000.00 291.73
1883.23 16000.00 301.32
1943.14 16000.00 310.90
2003.04 16000.00 320.49
2062.94 16000.00 330.07
Total Sales
For whole
Rice
Bran Total Unit (crores)
157.25 4550.36 67.17
266.57 7713.95 126.22
277.66 8034.64 131.20
282.45 8173.32 134.44
291.73 8442.01 138.56
301.32 8719.36 142.66
310.90 8996.72 146.68
320.49 9274.08 150.78
330.07 9551.43 154.87
OR INDIAN FOOD INDUSTRIES
PARTNER
RAW MATERIAL CONSUMPTION COST
Particulars 2018-19 2019-20 2020-21 2021-22 2022-23

Std Annual Annual Annual Annual Annual Annual Annual Annual
Sr. Qty Std Qty Cost Annual Cost Qty Cost Annual Cost Qty Cost
No. Component (tons) Cost/ton (Tons) (Crore) Qty (Tons) (Crore) (Tons) (Crore) Qty (Tons) (Crore) (Tons) (Crore)
1 Non Basmati Paddy 1.32 16000 13104 20.97 29066 46.51 28829 46.13 29952 47.92 30701 49.12
2 Basmati Paddy 1.35 31000 13104 40.62 21341 66.16 21715 67.32 22090 68.48 22838 70.80
TOTAL 61.59 112.66 113.44 116.40 119.92

2023-24 2024-25 2025-26 2026-27
Annual Annual Annual Annual Annual Annual
Annual Qty Cost Qty Cost Annual Cost Qty Cost
(Tons) (Crore) (Tons) (Crore) Qty (Tons) (Crore) (Tons) (Crore)
31450 50.32 32198 51.52 32947 52.72 33696 53.91

23587 73.12 24336 75.44 25085 77.76 25834 80.08
123.44 126.96 130.48 134.00
PACKING MATERIAL COST OF RICE AND RICE BROKEN LINKED WITH QUANITY SOLD
2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27

Particulars
Non Basmati Rice (Qty) 7862 16848 17297 17971 18420 18870 19319 19768 20218
Cost/ton 600 600 600 600 600 600 600 600 600
Non Basmati Broken (Qt 1048 2996 2306 2396 2456 2516 2576 2636 2696
Cost/ton 600 600 600 600 600 600 600 600 600
Basmati Rice (Qty) 6552 10670 10858 11045 11419 11794 12168 12542 12917
Cost/ton 1500 1500 1500 1500 1500 1500 1500 1500 1500
Basmati Broken (Qty) 2097 3415 3474 3534 3654 3774 3894 4014 4133
Cost/ton 1500 1500 1500 1500 1500 1500 1500 1500 1500
Total Cost
(Rs in Crore) 1.83 3.30 3.33 3.41 3.51 3.62 3.72 3.83 3.93
TOTAL RAW MATERIAL AND PACKING MATERIAL COST
2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27

Particulars
RAW MATERIAL 61.59 112.66 113.44 116.40 119.92 123.44 126.96 130.48 134.00
PACKING MATERIAL 1.83 3.30 3.33 3.41 3.51 3.62 3.72 3.83 3.93
TOTAL 63.42 115.97 116.77 119.81 123.43 127.06 130.68 134.31 137.93
PARTNER
EXPENSES
DIRECT LABOUR COST
Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26
Annual Qty 26208 50407 50544 52042 53539 55037 56534 58032
Cost/ton 175 175 175 175 175 175 175 175
Total Cost
(Rs in Crore) 0.46 0.88 0.88 0.91 0.94 0.96 0.99 1.02
PARTNER
2026-27
59530
175
1.04
INDUSTRIES
DEPRECIATION CALCULATION
Particulars of depreciation allowable under Income-Tax Act,1961

DEP WDV AS ON ADDITION TOTAL DEP. WDV DEP. WDV DEP. WDV
NAME OF ASSET RATE 1.4.2018 DELETION AS AT ALLOW- AS ON ALLOW- AS ON ALLOW- AS ON
% 31.3.2019 -ABLE 31.3.2020 -ABLE 31.3.2021 -ABLE 31.3.2022
18-19 19-20 20-21
PLANT & MACHINERY
Land 0% 0.00 2.83 0.00 0.00 0.00 0.00

Building 10% 0.00 2.00 2.00 0.10 1.90 0.19 1.71 0.17 1.54
Plant & Machinery 15% 0.00 4.23 11.70 0.32 11.38 1.71 9.67 1.45 8.22
Imported Plant & Machinery 15% 0.00 11.70 3.69 0.88 2.82 0.42 2.39 0.36 2.03
TOTAL 0.00 20.76 17.39 1.29 16.10 2.32 13.78 1.98 11.80
NAME OF ASSET WDV DEP. WDV DEP. WDV DEP. WDV DEP. WDV
AS ON ALLOW- AS ON ALLOW- AS ON ALLOW- AS ON ALLOW- AS ON
31.3.2023 -ABLE 31.3.2024 -ABLE 31.3.2025 -ABLE 31.3.2026 -ABLE 31.3.2027
22-23 23-24 24-25 25-26
PLANT & MACHINERY
Land 0% 0.00 0.00 0.00 0.00 0.00

Building 10% 1.39 0.14 1.25 0.12 1.12 0.11 1.01 0.10 0.91
Plant & Machinery 15% 6.99 1.05 5.94 0.89 5.05 0.76 4.29 0.64 3.65
Imported Plant & Machinery 15% 1.73 0.26 1.47 0.22 1.25 0.19 1.06 0.16 0.90
TOTAL 10.10 1.45 8.66 1.24 7.42 1.06 6.36 0.90 5.46
FACR : 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27
NET BLOCK OF PLANT & M/C. 14.20 12.07 10.26 8.72 7.41 6.30 5.35 4.55 3.87
O/S. BAL OF TL 9.80 10.72 9.07 7.42 5.77 4.12 2.47 0.83 -
FACR : 1.45 1.13 1.13 1.17 1.28 1.53 2.16 5.49
AVERAGE: 1.92
PARTNER
WDV DEP.
AS ON ALLOW-
31.3.2022 -ABLE
21-22
0.00
1.54 0.15
8.22 1.23
2.03 0.31
11.80 1.69
DEP. WDV
ALLOW- AS ON
-ABLE 31.3.2028
26-27
0.00
0.09 0.82
0.55 3.10
0.14 0.77
0.77 4.69
DIAN FOOD INDUSTRIES
PARTNER
CALCULATION OF TAX EXPENSE
Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26
PBDT as per books 2.95 4.84 4.62 4.47 4.52 4.49 4.41 4.35
Depreciation for Income Tax 1.29 2.32 1.98 1.69 1.45 1.24 1.06 0.90
Additional Depreciation 1.54 1.54 - - - - - -
PBT for income tax before set off 0.11 0.98 2.64 2.77 3.07 3.25 3.35 3.45
Unabsorbed Depre for set off - - - - - - -
Taxable Profit 0.11 0.98 2.64 2.77 3.07 3.25 3.35 3.45
Tax @ 31.20% 0.04 0.31 0.82 0.87 0.96 1.01 1.04 1.08
PARTNER
2026-27
4.39
0.77
3.61
3.61
1.13
D INDUSTRIES
TERM LOAN REPAYMENT SCHEDULE :
Opening
Particulars balance Rate of interesMoratorium No of mnths Installment
(Rs in Crore)
Mnths
TL-1 8.77 9.25% 12 84 84 Indegenious
TL-2
: LC-1 2.77 9.25% 0 84 84 Imported
CC 25.00 9.00%
Term Loan - 1 Term Loan - 2

Operating YPeriod Installment Interest O/s Bal Installment Interest
2018-19 1
2 1.00
3 0.008 3.00
4 0.023 6.00
5 0.046 8.98
6 0.069 8.98
7 0.069 8.98
8 0.069 8.98
9 0.069 8.98
10 0.069 8.98
11 0.069 8.98
12 0.069 8.98
Total 0.00 0.561 0.00 0.00

2019-20 1 0.069 8.976
2 0.069 8.976
3 0.069 8.976
4 0.069 8.976
5 0.069 8.976
6 0.069 8.976
7 0.104 0.069 8.872 0.033 0.020
8 0.104 0.068 8.768 0.033 0.020
9 0.104 0.068 8.663 0.033 0.019
10 0.104 0.067 8.559 0.033 0.019
11 0.104 0.066 8.454 0.033 0.019
12 0.104 0.065 8.350 0.033 0.019
Total 0.627 0.818 0.198 0.115

2020-21 1 0.104 0.064 8.245 0.033 0.018
2 0.104 0.064 8.141 0.033 0.018
3 0.104 0.063 8.036 0.033 0.018
4 0.104 0.062 7.932 0.033 0.018
5 0.104 0.061 7.827 0.033 0.017
6 0.104 0.060 7.723 0.033 0.017
7 0.104 0.060 7.619 0.033 0.017
8 0.104 0.059 7.514 0.033 0.016
9 0.104 0.058 7.410 0.033 0.016
10 0.104 0.057 7.305 0.033 0.016
11 0.104 0.056 7.201 0.033 0.016
12 0.104 0.056 7.096 0.033 0.015
Total 1.253 0.719 0.396 0.202
*LC-1 : LC-1 of Satake will be converted into Term Loan from May 2019

2021-22 1 0.104 0.055 6.992 0.033 0.015
2 0.104 0.054 6.887 0.033 0.015
3 0.104 0.053 6.783 0.033 0.015
4 0.104 0.052 6.678 0.033 0.014
5 0.104 0.051 6.574 0.033 0.014
6 0.104 0.051 6.470 0.033 0.014
7 0.104 0.050 6.365 0.033 0.014
8 0.104 0.049 6.261 0.033 0.013
9 0.104 0.048 6.156 0.033 0.013
10 0.104 0.047 6.052 0.033 0.013
11 0.104 0.047 5.947 0.033 0.013
12 0.104 0.046 5.843 0.033 0.012
Total 1.253 0.603 0.396 0.166

2022-23 1 0.104 0.045 5.738 0.033 0.012
2 0.104 0.044 5.634 0.033 0.012
3 0.104 0.043 5.530 0.033 0.012
4 0.104 0.043 5.425 0.033 0.011
5 0.104 0.042 5.321 0.033 0.011
6 0.104 0.041 5.216 0.033 0.011
7 0.104 0.040 5.112 0.033 0.011
8 0.104 0.039 5.007 0.033 0.010
9 0.104 0.039 4.903 0.033 0.010
10 0.104 0.038 4.798 0.033 0.010
11 0.104 0.037 4.694 0.033 0.010
12 0.104 0.036 4.589 0.033 0.009
Total 1.253 0.487 0.396 0.129

2023-24 1 0.104 0.035 4.485 0.033 0.009
2 0.104 0.035 4.381 0.033 0.009
3 0.104 0.034 4.276 0.033 0.009
4 0.104 0.033 4.172 0.033 0.008
5 0.104 0.032 4.067 0.033 0.008
6 0.104 0.031 3.963 0.033 0.008
7 0.104 0.031 3.858 0.033 0.008
8 0.104 0.030 3.754 0.033 0.007
9 0.104 0.029 3.649 0.033 0.007
10 0.104 0.028 3.545 0.033 0.007
11 0.104 0.027 3.440 0.033 0.007
12 0.104 0.027 3.336 0.033 0.006
Total 1.253 0.371 0.396 0.093

2024-25 1 0.104 0.026 3.232 0.033 0.006
2 0.104 0.025 3.127 0.033 0.006
3 0.104 0.024 3.023 0.033 0.006
4 0.104 0.023 2.918 0.033 0.005
5 0.104 0.022 2.814 0.033 0.005
6 0.104 0.022 2.709 0.033 0.005
7 0.104 0.021 2.605 0.033 0.005
8 0.104 0.020 2.500 0.033 0.004
9 0.104 0.019 2.396 0.033 0.004
10 0.104 0.018 2.292 0.033 0.004
11 0.104 0.018 2.187 0.033 0.004
12 0.104 0.017 2.083 0.033 0.003
Total 1.253 0.255 0.396 0.056

2025-26 1 0.104 0.016 1.978 0.033 0.003
2 0.104 0.015 1.874 0.033 0.003
3 0.104 0.014 1.769 0.033 0.003
4 0.104 0.014 1.665 0.033 0.002
5 0.104 0.013 1.560 0.033 0.002
6 0.104 0.012 1.456 0.033 0.002
7 0.104 0.011 1.351 0.033 0.001
8 0.104 0.010 1.247 0.033 0.001
9 0.104 0.010 1.143 0.033 0.001
10 0.104 0.009 1.038 0.033 0.001
11 0.104 0.008 0.934 0.033 0.000
12 0.104 0.007 0.829 0.029 0.000
Total 1.253 0.140 0.392 0.019

2026-27 1 0.104 0.006 0.725
2 0.104 0.006 0.62
3 0.104 0.005 0.52
4 0.104 0.004 0.41
5 0.104 0.003 0.31
6 0.104 0.002 0.20
7 0.104 0.002 0.10
8 0.098 0.001 0.00
9
10
11
12
Total 0.83 0.03 0.000 0.000
FOR INDIAN FOOD IND

Instalment Drawdown Cumulative
Per Month Month - TL Drawdown
May 1 1
June 2 3
0.104 July 3 6
August 2.77 8.77
0.033
Term Loan - 2
O/s Bal Installment Interest O/s Bal
0.00 0.00
2.568
2.535
2.502
2.469
2.436
2.403
2.370
0.00 0.00

2.337
2.304
2.271
2.238
2.205
2.172
2.139
2.106
2.073
2.040
2.007
1.974
Term Loan - 2
1.941
1.908
1.875
1.843
1.810
1.777
1.744
1.711
1.678
1.645
1.612
1.579

1.546
1.513
1.480
1.447
1.414
1.381
1.348
1.315
1.282
1.249
1.216
1.183

1.150
1.117
1.084
1.051
1.018
0.985
0.952
0.919
0.886
0.853
0.820
0.787

0.754
0.721
0.688
0.655
0.622
0.589
0.556
0.523
0.490
0.457
0.425
0.392
Term Loan - 2
0.359
0.326
0.293
0.260
0.227
0.194
0.161
0.128
0.095
0.062
0.029
0.000
PARTNER
STOCK DETAILS
NON-BASMATI RICE
Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
Expected Usage (Qty) 7862.40 16848.00 17297.28 17971.20 18420.48 18869.76 19319.04
Less : Closing stock 491.40 1053.00 1081.08 1123.20 1151.28 1179.36 1207.44
Add : Opening stock 0.00 491.40 1053.00 1081.08 1123.20 1151.28 1179.36
SALES - Tons 7371.00 16286.40 17269.20 17929.08 18392.40 18841.68 19290.96
Clg Stock levels
FG - (Months) 0.75 0.75 0.75 0.75 0.75 0.75 0.75
NON-BASMATI RICE BROKEN

Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
SALES - Tons 982.80 2874.22 2349.41 2390.54 2452.32 2512.22 2572.13
Clg Stock levels
FG - (Months) 0.75 0.75 0.75 0.75 0.75 0.75 0.75
NON BASMATI RICE BRAN

Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
SALES - Tons 982.80 2171.52 2302.56 2390.54 2452.32 2512.22 2572.13
Clg Stock levels
FG - (Months) 0.75 0.75 0.75 0.75 0.75 0.75 0.75
BASMATI RICE
Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
SALES - Tons 6142.50 10413.00 10845.90 11033.10 11395.80 11770.20 12144.60
Clg Stock levels
FG - (Months) 0.75 0.75 0.75 0.75 0.75 0.75 0.75
BASMATI RICE BROKEN

Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
SALES - Tons 1965.60 3332.16 3470.69 3530.59 3646.66 3766.46 3886.27
Clg Stock levels
FG - (Months) 0.75 0.75 0.75 0.75 0.75 0.75 0.75
BASMATI RICE BRAN
Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
SALES - Tons 982.80 1666.08 1735.34 1765.30 1823.33 1883.23 1943.14
Clg stock value
(Rs in lacs) 0.75 0.75 0.75 0.75 0.75 0.75 0.75
2025-26 2026-27
19768.32 20217.60
1235.52 1263.60
1207.44 1235.52
19740.24 20189.52
0.75 0.75
2025-26 2026-27
2635.78 2695.68
164.74 168.48
160.99 164.74
2632.03 2691.94
0.75 0.75
2025-26 2026-27
2635.78 2695.68
164.74 168.48
160.99 164.74
2632.03 2691.94
0.75 0.75
2025-26 2026-27
12542.40 12916.80
783.90 807.30
760.50 783.90
12519.00 12893.40
0.75 0.75
2025-26 2026-27
4013.57 4133.38
250.85 258.34
243.36 250.85
4006.08 4125.89
0.75 0.75
2025-26 2026-27
2006.78 2066.69
125.42 129.17
121.68 125.42
2003.04 2062.94
0.75 0.75
100% INSTALLED CAPACITY
NON BASMATI RICE

Total Paddy Processing 81120
% of Non Basmati 50% 40560
% of Basmati 50% 40560
PARTICULARS INSTALLED PADDY Rice Yield Broken Yield Bran Yield Rice Price Broken Price
Non Basmati 40560 60% 8% 8% 25000 17000
Basmati 40560 50% 16% 8% 60000 36000
Bran Price SALES
16000 7155
16000 15023
22178
PERFORMANCE AND FINANCIAL INDICATORS
As on 31st March
Mahendra suthar Company Rs. In Lacs
2015-16 2016-17 2017-18 2018-19 2019-20
Particulars Proj. Proj. Proj. Proj. Proj.
Domestic Sales(Gross) 94.11 96.99 99.86 102.68 105.54

Export Sales 40.33 41.57 42.80 44.00 45.23
Net Sales 134.44 138.56 142.66 146.68 150.78
% rise/fall (-) in net sales 2.48 3.06 2.95 2.82 2.79
Operating Profit 3.57 3.97 4.25 4.45 4.65
Profit Before tax 2.77 3.07 3.25 3.35 3.45
PBT/ Sales (%) 2.06 2.22 2.28 2.28 2.29
Profit After Tax 1.62 2.21 1.82 1.91 2.11
Cash Accrual 3.60 3.56 3.47 3.36 3.28
Paid Up Capital 9.35 9.90 10.55 11.30 12.15
TNW 17.46 20.22 23.21 26.36 29.68
Adjusted TNW 17.46 20.22 23.21 26.36 29.68
TOL/TNW (times) 2.42 2.02 1.70 1.44 1.23
Adjusted TOL/TNW 2.42 2.02 1.70 1.44 1.23
NWC 17.15 19.71 22.28 24.85 28.25
Current Ratio 1.59 1.68 1.76 1.84 1.97
Other Ratios
Operating Cost/ sales % 97.34 97.13 97.02 96.97 96.92
Net Sales /TTA (times) 2.25 2.27 2.28 2.28 2.28
PBDIT 7.38 7.29 7.13 6.91 6.73

Retained profit/Total assets 3% 4% 3% 3% 3%
EFFICIENCY RATIOS
As on 31stAs on 31stAs on 31stAs on 31stAs on 31st March
2021-22 2022-23 2023-24 2024-25 2025-26
Particular Proj. Proj. Proj. Proj. Proj.
Net Sales/ Total Tangible 2.25 2.27 2.28 2.28 2.28
Assets (times)
PBT/ Total Tangible Assets (%) 4.64 5.03 5.20 5.21 5.21
Operating Cost to sales (%) 97.34 97.13 97.02 96.97 96.92
Bank Finance/ Ct. Assets (%) 54.24 51.13 48.39 45.95 43.66
Inventory+ Receivables to net 121.30 124.88 128.11 130.77 133.67

Sales (days)
Net Cash Accrual/Total Debt 8.52% 8.71% 8.82% 8.86% 8.97%
PBDIT 7.38 7.29 7.13 6.91 6.73
RISK RATING RELATED RATIOS
1 Current Ratio 1.59 1.68 1.76 1.84 1.97

2 TOL/TNW (times) 2.42 2.02 1.70 1.44 1.23
3 PBDIT/Interest (times) 2.53 2.63 2.70 2.76 2.84
4 PAT/Net Sales (%) 1.20 1.60 1.27 1.30 1.40
5 ROCE (%) (PBDIT/TA) 12.35 11.94 11.39 10.75 10.15
6 INV+REC./Sales (days) 121 125 128 131 134
Historical Comparison
Input
2015-162016-172017-182018-192019-20
Current Ratio 1.59 1.68 1.76 1.84 1.97
TOL/TNW 2.42 2.02 1.70 1.44 1.23
PBDIT/IINTT.
PAT/NET SALES 1.20 1.60 1.27 1.30 1.40
ROCE%
INV.+REC./SALES (DAYS) 121 125 128 131 134
INVENTORY & RECEIVABLES HOLDINNG LEVELS
2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

0 0 0 0 0 0 0 0
Raw Material : a) Indigenous 14.01 10.63 11.87 13.28 14.81 16.52 17.97 19.59
2.65 1.10 1.22 1.33 1.44 1.56 1.65 1.75
Finished Goods 2.77 7.13 7.41 7.59 7.81 8.04 8.27 8.49
0.52 0.72 0.72 0.72 0.72 0.72 0.72 0.72
Receivables : a) Domestic 7.84 12.15 12.93 13.72 14.39 14.81 15.32 15.83
2.00 1.65 1.69 1.75 1.78 1.78 1.79 1.80
Receivables 12.88 21.61 22.77 23.81 24.78 25.51 26.32 27.14
2.30 2.06 2.08 2.13 2.15 2.15 2.15 2.16
S. Creditors 0.00 0.49 0.98 1.00 1.04 1.06 1.09 1.12
0.05 0.10 0.10 0.10 0.10 0.10 0.10
Other Creditors 1.87 2.66 2.78 2.94 3.15 3.32 3.47 2.90
Other Current Assets 0.50 0.78 1.35 1.42 1.49 1.59 1.85 2.05
(Figures in italics represents holding period in months.)

ANNEXURE -I
1. DER
2013-14 2014-15 2015-16 2016-17 2017-18
Equity :
Capital 17.46 20.22 23.21 26.36 29.68
Unsecured loans 7.54 7.54 7.54 7.54 7.54
T/L 5.77 4.12 2.47 0.83 -
D / E Ratio 0.76 0.58 0.43 0.32 0.25

D / E Ratio (Quasi) 0.23 0.15 0.08 0.02 0.00
2. IRR
2013-14 2014-15 2015-16 2016-17 2017-18
Net profit before tax Err:509 Err:509 Err:509 Err:509 Err:509

Add : Depreciation 1.69 1.45 1.24 1.06 0.90
Interest Charges 0.77 0.62 0.46 0.31 0.16
Total Inflow of funds Err:509 Err:509 Err:509 Err:509 Err:509
Capital outflow of funds 15
PV Factor @ 15.4 % 0.87 0.75 0.65 0.56 0.49

Discounted Cash flow Err:509 Err:509 Err:509 Err:509 Err:509
Total PV : Inflows all years
Total PV : outflows all years
Effective Pre-tax IRR %

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Mahendra suthar Company

Plant & Machineries

Preliminary & Preoperative Exps 0.25

Total Capital Cost of Project 20.47

Margin Money for Working Capital 6.25

Total Cost of Project 26.72

Partner Capital 8.50

Long/ Medium Term Borrowings

Unsecured Loans/ Deposits

Total Means of Finance 26.72

For Mahendra suthar Company

2 Compliance Engineering Pvt Ltd Bucket Elevator Paddy 18/JS27/211-A

4 V R Traders ABB make AC Moters Dt.21/03/2018 6

RICE MILL DIVISION (A)

8 ALPSCO GRAINTECH PRIVATE LIMITED Super Pre Cleaner AGPL/C467/756_1.0 2

9 Agri Process Innovations LLP APIT Paddy Parboiling Plant-128 TPB 1

10 GANESH ENGINEERING SS 202 WATER STORAGE TANK Dt.24/03/2018 4

PAR BOILING DIVISION (B)

11 INDUSTRIAL BOILERS LTD 12 TPH RICE HUSK FIRED Dt.04/03/2018

13 R.K. Engineering Co. Boiler Accessories & Boier installation

14 Panda Water Tech Pvt. Ltd R O Plant

15 Shree Ganesh Traders Boiler Furnace

16 M/s. Kantilal Chimanlal Boiler fitting accessories

17 Ashirvad Steel Traders Steel for boiler structure

BOILER DIVISION ('C)

18 GEB Coonection Charges

19 Amee Associates Machinery Foundation

35175000 1758750 36933750

3320000 597600 3917600

6300000 1134000 7434000

1078380 194108 1272488

1775000 319500 2094500

1858000 440580 2538580

63497970 6645785 70143755

1620000 81000 1701000

36500000 1825000 38325000

1720000 309600 2029600

39840000 2215600 42055600

4500600 810108 5310708

1700000 306000 2006000

1600000 288000 1888000

1287810 235317 1523127

1524055 274330 1798385

4144985 746097 4891082

16017450 2886652 18904102

142171991 11748037 153920027

FOR INDIAN FOOD INDUSTRIES

ASSESSMENT OF WORKING CAPITAL REQUIREMENT

Mahendra suthar Company 2018-19 2019-20 2020-21 2021-22 2022-23

i. Domestic sales 47.02 88.35 91.84 94.11 96.99

ii. Export sales 20.15 37.86 39.36 40.33 41.57

2 Less excise duty

Deduct other items

ADD :Other Operating Income

3 Net sales ( item 1 - item 2 ) 67.17 126.22 131.20 134.44 138.56

i.) Raw materials (including 63.42 115.97 116.77 119.81 123.43

(b) Indigenous 63.42 115.97 116.77 119.81 123.43

ii) Other spares - - - - -