ANNEXURE- I

PROJECTED PROFITABILITY STATEMENT

(Amount in Rs)
Projected Financial Years
Particulars
1 2 3 4 5

A. Income
Revenue from Sale (WN: 2) 90,972,000.00 104,771,340.00 110,979,928.00 116,654,340.00 122,556,933.00

B. Expensess :
B(i). Direct Expenses
Direct Material
Core (WN: 3A) 43,680,000.00 46,792,900.00 50,085,000.00 53,562,600.00 57,240,711.00
Resin Glue (WN: 3B) 1,755,000.00 1,825,500.00 1,898,500.00 1,974,500.00 2,053,500.00
Carriage Inwards 600,000.00 624,000.00 649,000.00 675,000.00 702,000.00
Direct Labour
Labour Wages (WN: 3C) 21,000,000.00 23,100,000.00 25,410,000.00 27,951,000.00 30,746,100.00
Direct Expenses
Power and Fuel 3,000,000.00 3,120,000.00 3,244,800.00 3,374,600.00 3,509,600.00
Production Overheads
Plant & Machinery Depreciation (WN: 3D) 8,477,250.00 7,205,663.00 6,124,813.00 5,206,091.00 4,425,177.00
Indirect Production Staff Salary (WN: 3C) 1,800,000.00 1,980,000.00 2,178,000.00 2,395,800.00 2,635,380.00
Consumables( Lubricants, Oils etc) 100,000.00 104,000.00 108,200.00 112,500.00 117,000.00
Repair & Maintenance Production 100,000.00 104,000.00 108,200.00 112,500.00 117,000.00
80,512,250.00 84,856,063.00 89,806,513.00 95,364,591.00 101,546,468.00
Add: Opening Stock of Finished Goods - 8,056,959.00 9,286,949.00 9,901,968.00 10,528,162.00
80,512,250.00 92,913,022.00 99,093,462.00 105,266,559.00 112,074,630.00
Less: Closing Stock of Finished Goods (WN: 2) 8,056,959.00 9,286,949.00 9,901,968.00 10,528,162.00 11,207,463.00
Cost of Goods Sold 72,455,291.00 83,626,073.00 89,191,494.00 94,738,397.00 100,867,167.00

B(ii). Indirect Expenses

Staff Salary (WN: 3C) 1,920,000.00 2,112,000.00 2,323,200.00 2,555,520.00 2,811,072.00
Printing and Stationery 50,000.00 55,000.00 60,500.00 66,550.00 73,205.00
Telephone 25,000.00 27,500.00 30,250.00 33,275.00 36,603.00
Repair and Maintenance 50,000.00 55,000.00 60,500.00 66,550.00 73,205.00
Professional Charges 150,000.00 165,000.00 181,500.00 199,650.00 219,615.00
Freight Outward 22,000.00 24,200.00 26,620.00 29,282.00 32,210.00
Miscellaneous Expenses 525,000.00 26,000.00 27,000.00 28,100.00 29,200.00
Total of B 75,197,291.00 86,090,773.00 91,901,064.00 97,717,324.00 104,142,277.00
Profit before Dep, Intt & Tax (A-B) 15,774,709.00 18,680,567.00 19,078,864.00 18,937,016.00 18,414,656.00
Depreciation- Others (WN: 3D) 35,000.00 32,750.00 30,663.00 28,724.00 26,924.00
Bank Interest Expense
Term Loan (ANNX- 5) 5,612,924.00 5,009,808.00 4,330,204.00 3,564,406.00 2,701,488.00
Net Profit for the Year Before Partner's Interest
10,126,785.00 13,638,009.00 14,717,997.00 15,343,886.00 15,686,244.00
on Capital & Remuneration
Less: Interest on Partner's Capital @ 12% 1,958,200.00 2,359,800.00 3,123,500.00 4,025,700.00 5,023,000.00
Less: Partner's Remuneration 4,991,151.00 6,856,925.00 7,046,698.00 6,880,912.00 6,487,946.00
Net Profit for the Year After Partner's Interest on
3,177,434.00 4,421,284.00 4,547,799.00 4,437,274.00 4,175,298.00
Capital & Remuneration
Provision for Income Tax @ 30% 953,230.00 1,326,385.00 1,364,340.00 1,331,182.00 1,252,589.00
Trf to Partner's Capital 2,224,204.00 3,094,899.00 3,183,459.00 3,106,092.00 2,922,709.00

Note: Refer to underlying working notes & assumptions.

 PROJECTED BALANCESHEET

Particulars Year Ending 1 Year Ending 2 Year Ending 3

LIABILITIES
Capital:
O/p Capital 0.00 25,491,655.00 31,976,579.00
Add: Capital Introduced 20,938,100.00 0.00 0.00
Add: Partner's Interest & Remuneration 6,949,351.00 9,216,725.00 10,170,198.00
Add: Net Profit (After Provision for Income Tax) 2,224,204.00 3,094,899.00 3,183,459.00
Less: Drawings -4,620,000.00 -5,826,700.00 -5,947,500.00
C/s Capital 25,491,655.00 31,976,579.00 39,382,736.00

Loans:
Secured Loans
Andhra Bank Terrn Loan 44,151,504.00 38,792,892.00 32,754,676.00
Current Liabilities & Provisions:
Sundry Creditors (WN: 4) 4,543,500.00 4,861,840.00 5,198,350.00
Other Current Liabilities 150,000.00 165,000.00 181,500.00
Provision for Income Tax (Profitability Statement) 953,230.00 1,326,385.00 1,364,340.00

Total 75,289,889.00 77,122,696.00 78,881,602.00

ASSETS
Fixed Assets (WN: 3D) 48,602,750.00 41,364,337.00 35,208,861.00

Current Assets, Loans & Advances:

Closing Stock (WN: 3)
Finished Goods (Profitability Statement) 8,056,959.00 9,286,949.00 9,901,968.00
Raw Materials
Core (WN: 3A) 2,566,667.00 14,014,867.00 20,177,689.00
Glue (WN: 3B) 58,500.00 60,850.00 63,300.00

Sundry Debtors (WN: 4) 7,581,000.00 8,730,945.00 9,248,327.00

Other Current Assets 150,000.00 165,000.00 181,500.00
Cash and Bank Balance 8,274,013.00 3,499,748.00 4,099,957.00

Total 75,289,889.00 77,122,696.00 78,881,602.00

Note: Refer to underlying working notes & assumptions.

 ANNEXURE - II

(Amount in Rs)
Year Ending 4 Year Ending 5

39,382,736.00 47,560,340.00
0.00 0.00
10,906,612.00 11,510,946.00
3,106,092.00 2,922,709.00
-5,835,100.00 -5,702,300.00
47,560,340.00 56,291,695.00

25,950,662.00 18,283,730.00

5,553,710.00 5,929,421.00
199,650.00 219,615.00
1,331,182.00 1,252,589.00

80,595,544.00 81,977,050.00

29,974,046.00 25,521,945.00

10,528,162.00 11,207,463.00

25,507,211.00 30,446,578.00
65,800.00 68,450.00

9,721,195.00 10,213,078.00
199,650.00 219,615.00
4,599,480.00 4,299,921.00

80,595,544.00 81,977,050.00
 ANNEXURE- III
PROJECT COST & SOURCE OF FINANCE

Particulars Amount (Rs.)

(A) Capital Investment

Plant & Machinery 56,515,000.00
Furniture & Fixtures 100,000.00
Building 500,000.00
Plant Setup Period Running Expenses 500,000.00

Total-A 57,615,000.00

(B) Working Capital

Core (2 Months) 7,707,800.00
Resin Glue (2 Months) 302,300.00
Labour Wages for (2 Months) 3,500,000.00
Indirect Production Staff Salary (2 Months) 300,000.00
Staff Salary for (2 Months) 320,000.00
Others 100,000.00
Total-B 12,230,100.00

TOTAL PROJECT COST: A+B 69,845,100.00

SOURCES :
Owned Funds 20,938,100.00
Bank Loan
Term Loan 48,907,000.00
Total 69,845,100.00
 CASH FLOW STATEMENT

Particulars Year Ending 1 Year Ending 2 Year Ending 3 Year Ending 4

A. Source of Funds :
1. Net Accurals from Operations 16,195,000.00 24,656,240.00 24,588,658.00 23,516,913.00
2. Depreciation -8,512,250.00 -7,238,413.00 -6,155,476.00 -5,234,815.00
3. Capital Employed 20,938,100.00 - - -
4. Bank Loan
Term Loan 48,907,000.00 - - -
CC - - - -

Total Sources 77,527,850.00 17,417,827.00 18,433,182.00 18,282,098.00

B. Disposition of Funds :
1. Preliminary and Pre-operative Expenses - - - -
2. Increase in Raw Material Goods Stock 2,625,167.00 11,450,550.00 6,165,272.00 5,332,022.00
3. Increase in Fixed assets 48,602,750.00 -7,238,413.00 -6,155,476.00 -5,234,815.00
4a. Term Loan Emi Payments 10,368,420.00 10,368,420.00 10,368,420.00 10,368,420.00
5a. Increase in Recivables 7,581,000.00 1,149,945.00 517,382.00 472,868.00
5b. Decrease in Payables -4,543,500.00 -318,340.00 -336,510.00 -355,360.00
5c. Increase in Other Current Assets 150,000.00 15,000.00 16,500.00 18,150.00
5d. Decrease in Other Current Liabilities -150,000.00 -15,000.00 -16,500.00 -18,150.00
6. Drawing 4,620,000.00 5,826,700.00 5,947,500.00 5,835,100.00
7. Income Tax Payment during the Year - 953,230.00 1,326,385.00 1,364,340.00
Total Disposition 69,253,837.00 22,192,092.00 17,832,973.00 17,782,575.00

C. Net Surplus (A -B) 8,274,013.00 -4,774,265.00 600,209.00 499,523.00

D. O/p Bal of Cash & Cash Equivalents - 8,274,013.00 3,499,748.00 4,099,957.00
E. C/s Bal of Cash & Cash Equivalents (C+D) 8,274,013.00 3,499,748.00 4,099,957.00 4,599,480.00
F. C/s Bal of Cash & Cash Equivalents as per
8,274,013.00 3,499,748.00 4,099,957.00 4,599,480.00
Balance Sheet

Note: Refer to Proj Profitability Statement, Proj BalanceSheet, underlying working notes & assumptions.
 ANNEXURE - IV
H FLOW STATEMENT
(Amount in Rs)
Year Ending 5

22,160,532.00
-4,452,101.00
-

-
-

17,708,431.00

-
4,942,017.00
-4,452,101.00
10,368,420.00
491,883.00
-375,711.00
19,965.00
-19,965.00
5,702,300.00
1,331,182.00
18,007,990.00

-299,559.00
4,599,480.00
4,299,921.00

4,299,921.00
 ANNEXURE - V

Emi Calculator
Term Loan Amount (Andhra Bank) 48,907,000.00
Rate Of Interest Per Annum 12.00%
Rate Of Interest Per Month 1.00%
No of Installments 84
Emi 864,035

CALCULATION OF DETAILS OF EMI

PRINCIPAL
MONTHS EMI INTEREST O/S PRINCIPAL
REPAYMENT

0 48,907,000.00
1 864,035.00 489,070.00 374,965.00 48,532,035.00
2 864,035.00 485,320.00 378,715.00 48,153,320.00
3 864,035.00 481,533.00 382,502.00 47,770,818.00
4 864,035.00 477,708.00 386,327.00 47,384,491.00
5 864,035.00 473,845.00 390,190.00 46,994,301.00
6 864,035.00 469,943.00 394,092.00 46,600,209.00
7 864,035.00 466,002.00 398,033.00 46,202,176.00
8 864,035.00 462,022.00 402,013.00 45,800,163.00
9 864,035.00 458,002.00 406,033.00 45,394,130.00
10 864,035.00 453,941.00 410,094.00 44,984,036.00
11 864,035.00 449,840.00 414,195.00 44,569,841.00
12 864,035.00 445,698.00 418,337.00 44,151,504.00
13 864,035.00 441,515.00 422,520.00 43,728,984.00
14 864,035.00 437,290.00 426,745.00 43,302,239.00
15 864,035.00 433,022.00 431,013.00 42,871,226.00
16 864,035.00 428,712.00 435,323.00 42,435,903.00
17 864,035.00 424,359.00 439,676.00 41,996,227.00
18 864,035.00 419,962.00 444,073.00 41,552,154.00
19 864,035.00 415,522.00 448,513.00 41,103,641.00
20 864,035.00 411,036.00 452,999.00 40,650,642.00
21 864,035.00 406,506.00 457,529.00 40,193,113.00
22 864,035.00 401,931.00 462,104.00 39,731,009.00
23 864,035.00 397,310.00 466,725.00 39,264,284.00
24 864,035.00 392,643.00 471,392.00 38,792,892.00
25 864,035.00 387,929.00 476,106.00 38,316,786.00
26 864,035.00 383,168.00 480,867.00 37,835,919.00
27 864,035.00 378,359.00 485,676.00 37,350,243.00
28 864,035.00 373,502.00 490,533.00 36,859,710.00
29 864,035.00 368,597.00 495,438.00 36,364,272.00
30 864,035.00 363,643.00 500,392.00 35,863,880.00
31 864,035.00 358,639.00 505,396.00 35,358,484.00
32 864,035.00 353,585.00 510,450.00 34,848,034.00
33 864,035.00 348,480.00 515,555.00 34,332,479.00
34 864,035.00 343,325.00 520,710.00 33,811,769.00
35 864,035.00 338,118.00 525,917.00 33,285,852.00
36 864,035.00 332,859.00 531,176.00 32,754,676.00
37 864,035.00 327,547.00 536,488.00 32,218,188.00
38 864,035.00 322,182.00 541,853.00 31,676,335.00
39 864,035.00 316,763.00 547,272.00 31,129,063.00
40 864,035.00 311,291.00 552,744.00 30,576,319.00
41 864,035.00 305,763.00 558,272.00 30,018,047.00
42 864,035.00 300,180.00 563,855.00 29,454,192.00
43 864,035.00 294,542.00 569,493.00 28,884,699.00
44 864,035.00 288,847.00 575,188.00 28,309,511.00
45 864,035.00 283,095.00 580,940.00 27,728,571.00
46 864,035.00 277,286.00 586,749.00 27,141,822.00
47 864,035.00 271,418.00 592,617.00 26,549,205.00
48 864,035.00 265,492.00 598,543.00 25,950,662.00
49 864,035.00 259,507.00 604,528.00 25,346,134.00
50 864,035.00 253,461.00 610,574.00 24,735,560.00
51 864,035.00 247,356.00 616,679.00 24,118,881.00
52 864,035.00 241,189.00 622,846.00 23,496,035.00
53 864,035.00 234,960.00 629,075.00 22,866,960.00
54 864,035.00 228,670.00 635,365.00 22,231,595.00
55 864,035.00 222,316.00 641,719.00 21,589,876.00
56 864,035.00 215,899.00 648,136.00 20,941,740.00
57 864,035.00 209,417.00 654,618.00 20,287,122.00
58 864,035.00 202,871.00 661,164.00 19,625,958.00
59 864,035.00 196,260.00 667,775.00 18,958,183.00
60 864,035.00 189,582.00 674,453.00 18,283,730.00
61 864,035.00 182,837.00 681,198.00 17,602,532.00
62 864,035.00 176,025.00 688,010.00 16,914,522.00
63 864,035.00 169,145.00 694,890.00 16,219,632.00
64 864,035.00 162,196.00 701,839.00 15,517,793.00
65 864,035.00 155,178.00 708,857.00 14,808,936.00
66 864,035.00 148,089.00 715,946.00 14,092,990.00
67 864,035.00 140,930.00 723,105.00 13,369,885.00
68 864,035.00 133,699.00 730,336.00 12,639,549.00
69 864,035.00 126,395.00 737,640.00 11,901,909.00
70 864,035.00 119,019.00 745,016.00 11,156,893.00
71 864,035.00 111,569.00 752,466.00 10,404,427.00
72 864,035.00 104,044.00 759,991.00 9,644,436.00
73 864,035.00 96,444.00 767,591.00 8,876,845.00
74 864,035.00 88,768.00 775,267.00 8,101,578.00
75 864,035.00 81,016.00 783,019.00 7,318,559.00
76 864,035.00 73,186.00 790,849.00 6,527,710.00
77 864,035.00 65,277.00 798,758.00 5,728,952.00
78 864,035.00 57,290.00 806,745.00 4,922,207.00
79 864,035.00 49,222.00 814,813.00 4,107,394.00
80 864,035.00 41,074.00 822,961.00 3,284,433.00
81 864,035.00 32,844.00 831,191.00 2,453,242.00
82 864,035.00 24,532.00 839,503.00 1,613,739.00
83 864,035.00 16,137.00 847,898.00 765,841.00
84 864,035.00 98,194.00 765,841.00 0.00
 CALCULATION OF DEBT SERVICE COVERAGE RATIO

Particulars 1 2 3 4

Net Cash Flow from Operating Activities

During Year 10,532,333.00 12,374,085.00 18,242,514.00 18,067,383.00
Total Amount available for Serving 10,532,333.00 12,374,085.00 18,242,514.00 18,067,383.00
Interest & Installment

Installment and interest to be Served

Andhra Bank Terrn Loan Emi 10,368,420.00 10,368,420.00 10,368,420.00 10,368,420.00
Total Interest & Installment Amount 10,368,420.00 10,368,420.00 10,368,420.00 10,368,420.00

Debt Service Coverage Ratio 1.02 1.19 1.76 1.74

Average DSCR 1.47

Note: Refer to Proj Cash Flow Statement, underlying working notes & assumptions.
 ANNEXURE - VI
ON OF DEBT SERVICE COVERAGE RATIO
(Amount in Rs)
5

17,102,343.00

17,102,343.00

10,368,420.00
10,368,420.00

1.65

1.47
 BREAKEVEN ANALYSIS

Projected Financial Years

1 2 3 4

Sales value 90,972,000.00 104,771,340.00 110,979,928.00 116,654,340.00

Variable Expenses :
Raw material 41,428,200.00 48,584,800.00 52,363,900.00 55,963,000.00
Direct labour 18,898,500.00 22,791,500.00 25,280,300.00 27,827,100.00
Power & Fuel 2,699,800.00 3,078,300.00 3,228,200.00 3,359,600.00
63,026,500.00 74,454,600.00 80,872,400.00 87,149,700.00

Contribution 27,945,500.00 30,316,740.00 30,107,528.00 29,504,640.00

Profit/Volume Ratio 30.72 28.94 27.13 25.29

Fixed Expenses :
Indirect Production Staff Salary 1,800,000.00 1,980,000.00 2,178,000.00 2,395,800.00
Consumables( Lubricants, Oils etc) 100,000.00 104,000.00 108,200.00 112,500.00
Repair & Maintenance Production 100,000.00 104,000.00 108,200.00 112,500.00

Administrative Staff Salary 1,920,000.00 2,112,000.00 2,323,200.00 2,555,520.00

Printing and Stationery 50,000.00 55,000.00 60,500.00 66,550.00
Telephone 25,000.00 27,500.00 30,250.00 33,275.00
Repair and Maintenance 50,000.00 55,000.00 60,500.00 66,550.00
Professional Charges 150,000.00 165,000.00 181,500.00 199,650.00
Freight Outward 22,000.00 24,200.00 26,620.00 29,282.00
Bank Term Loan Interest Cost 5,612,924.00 5,009,808.00 4,330,204.00 3,564,406.00
Miscellaneous Expenses 525,000.00 26,000.00 27,000.00 28,100.00
Total Cash Fixed overheads 10,354,924.00 9,662,508.00 9,434,174.00 9,164,133.00

Non-Cash Fixed Overheads

Depreciation 8,512,250.00 7,238,413.00 6,155,476.00 5,234,815.00
Preliminary and pre-operatives expenses
0.00 0.00 0.00 0.00
written off
Total Non-Cash Fixed Overheads 8,512,250.00 7,238,413.00 6,155,476.00 5,234,815.00
Total Fixed overheads (D+E) 18,867,174.00 16,900,921.00 15,589,650.00 14,398,948.00
Break Even Point % (F/C*100) 67.51 55.75 51.78 48.80
Break Even Sale 61,418,996.00 58,407,736.00 57,465,304.00 56,930,021.00

Cash Break Even Point % (D/C*100) 37.05 31.87 31.33 31.06

Cash Break Even Sale 33,708,760.00 33,392,572.00 34,775,487.00 36,232,806.00
 ANNEXURE - VII
REAKEVEN ANALYSIS
(Amount in Rs)
Projected Financial Years
5

122,556,933.00

59,740,600.00
30,615,100.00
3,494,600.00
93,850,300.00

28,706,633.00
23.42

2,635,380.00
117,000.00
117,000.00

2,811,072.00
73,205.00
36,603.00
73,205.00
219,615.00
32,210.00
2,701,488.00
29,200.00
8,845,978.00

4,452,101.00

0.00

4,452,101.00
13,298,079.00
46.32
56,773,352.00

30.82
37,766,043.00
 ANNEXURE - VIII

PARTICULARS OF MACHINES TO BE ACQUIRED

Mat Ply Production for 11,000 NA
(Rs in Lacs)
SNo Machines Details Qty Cost (incl Gst)

1 Dryer (8/4) 1 62.00

2 Core Press 1 9.50
3 Core Composer 1 30.00
4 Glue Spreader (8ft) 1 39.00
5 Glue Spreader (4ft) 1 5.00
6 Pre- Press 1 27.00
7 Hot Press (15DL) 1 53.00
8 Boiler 30 LKCAL 1 45.00
9 Boiler Pipeline 1 90.00
10 Auto Loader/Unloader 1 11.00
11 Scissor Lift (Hot Press) 2 4.00
12 Scissor Lift (Pre-Press) 1 1.60
13 Scissor Lift Glue Spreader and Core Composer 2 3.10
14 Trolleys 3 1.15
15 Rail Line 20 ft 0.10
16 Fork Lift 1 8.85
17 DD Saw 2 10.40
18 Jointer M/C 1 3.70
19 Auto Feed Sander and Joiner Feed Press 1 7.75
20 Compressor 1 2.00
21 Power Connection (HT Line) 1 50.00
22 Power Internal 1 50.00
23 Transportation, Installation and Commissioning 1 51.00

Total 565.15
 Projected Production Details

Plant Capacity
The Plant to be purchased is 20 Delight Machine. The Plant Production Capacity Per Day [for 24 Hours] would be
11,000 sq mt for 4mm Ply Basis/ Day. It is proposed to produce 18mm mat ply. Accordingly, the production
capacity is reproduced as per below calculations:

4mm Thickness 12mm Thickness 18mm Thickness

Daily Yearly Daily Yearly
Production 11,000.00 3,670.00 2,440.00 732,000.00
Production 122,200.00 40,800.00 27,100.00 8,130,000.00
No. of Ply 3,820.00 1,280.00 850.00 255,000.00

Estimated Production

For 18mm Thick Mat Ply of 8ft by 4ft Dimension

Plant Run for 20 Hours
No. of Loads/12 Hours 20 Loads
No. of Ply Boards/Load 20 Ply Board

Production/Day for 20 Hours

say, [20 Hours * (20 Loads/12 Hours) * 20 Ply Boards]

Qty in Number Qty in Sq mt

Daily Yearly Daily Yearly
670.00 1,930.00
or, say 650.00 195000 1,870.00 561000

For 18mm Thick Mat Ply of 8ft by 4ft Dimension

Estimated Production Table
Maximum Production Capacity Utilisation
Years Capacity Estimated Production
(in sq mt) (in sq mt)

Year Ending 1 732,000.00 561,600.00 77.00

Year Ending 2 732,000.00 584,100.00 80.00
Year Ending 3 732,000.00 607,500.00 83.00
Year Ending 4 732,000.00 631,800.00 86.00
Year Ending 5 732,000.00 657,100.00 90.00

1 All calculations have been done assuming 300 Days in a Year.

2 Factory would be running for 20 hours/Day.
3 Machine capacity is 20 Delight Machine i.e. 20 ply boards can be pressed in one round/load.
4 For different thickness ply boards, number of rounds/loads of pressing is different. Number of rounds/loads
go on decreasing with increased ply board thickness.
 5 It is proposed to manufacture 18mm ply board.
6 For 18mm ply board, number of rounds/loads capacity of the machine is 20 loads/12 hours.
7 Assuming that production will rise by 4% annually.

Projected Revenue Details

Sl. Opening Stock Production Closing Stock

Year Product
No. (Qty in Sq mt) (Qty in Sq mt) (Qty in Sq mt)
1 Year Ending 1 Mat Ply - 561,600.00 56,200.00
2 Year Ending 2 Mat Ply 56,200.00 584,100.00 64,000.00
3 Year Ending 3 Mat Ply 64,000.00 607,500.00 67,100.00
4 Year Ending 4 Mat Ply 67,100.00 631,800.00 69,900.00
5 Year Ending 5 Mat Ply 69,900.00 657,100.00 72,700.00

Sales Quantity Rate Annual Revenue

(Qty in Sq mt) (in Rs/Sq mt) (in Rs)
505,400.00 180.00 90,972,000.00
576,300.00 181.80 104,771,340.00
604,400.00 183.62 110,979,928.00
629,000.00 185.46 116,654,340.00
654,300.00 187.31 122,556,933.00

1 It has been assumed that the Selling Rate/Sqmt of Mat Ply would rise by 1% annually.
2 It has been assumed that around 90% of the (Opening Stock + Year's Production) would be sold during the year.
3 Closing Stock of Finished Goods: C/s Stock of Finished Goods have been calculated as per Average Stock Method of Inventory
Valuation.

Projected Production Cost Details

Particulars of Raw Materials, Chemicals and Other Adhesives to be used in Mat Ply Production
1 Core
2 Glue

Projected Raw Material Stock (Core) Movement Details

Sl. Annual Consumption C/s Stock O/p Stock Purchases

Year Raw Material
No. (Qty in Sqmt) (Qty in Sqmt) (Qty in Sqmt) (Qty in Sqmt)
1 Year Ending 1 Core 3,931,200.00 231,000.00 0.00 4,162,200.00
2 Year Ending 2 Core 4,088,700.00 1,224,600.00 231,000.00 5,082,300.00
3 Year Ending 3 Core 4,252,500.00 1,713,200.00 1,224,600.00 4,741,100.00
4 Year Ending 4 Core 4,422,600.00 2,106,100.00 1,713,200.00 4,815,500.00
5 Year Ending 5 Core 4,599,700.00 2,446,600.00 2,106,100.00 4,940,200.00

Rate Annual Consumption C/s Stock O/p Stock Annual Purchases

(in Rs/Sqft) (in Rs) (in Rs) (in Rs) (in Rs)
1.00 43,680,000.00 2,566,667.00 0.00 46,246,667.00
1.03 46,792,900.00 14,014,867.00 2,643,667.00 58,164,100.00
1.06 50,085,000.00 20,177,689.00 14,423,067.00 55,839,622.00
1.09 53,562,600.00 25,507,211.00 20,748,756.00 58,321,056.00
1.12 57,240,711.00 30,446,578.00 26,209,244.00 61,478,044.00

1 For 18mm Thick Mat Ply of 8ft by 4ft Dimension

 7 Layers of 2mm Thickness Core of [8ft by 4ft] Dimension is applied.
Total 14 mm of core by thickness is applied on 18 mm ply board
2 Closing Stock: It has been assumed that closing stock of core maintained is equivalent to atleast 10 days consumption requirement.
3 It has been assumed that the Rate/sq ft of core will rise by 3% annually.
Projected Raw Material Stock (Glue) Movement Details

Sl. Consumption C/s Stock O/p Stock Purchases

Year Item
No. (Qty in Kg) (Qty in Kg) (Qty in Kg) (Qty in Kg)
1 Year Ending 1 Glue 35,100.00 1,170.00 0.00 36,270.00
2 Year Ending 2 Glue 36,510.00 1,217.00 1,170.00 36,557.00
3 Year Ending 3 Glue 37,970.00 1,266.00 1,217.00 38,019.00
4 Year Ending 4 Glue 39,490.00 1,316.00 1,266.00 39,540.00
5 Year Ending 5 Glue 41,070.00 1,369.00 1,316.00 41,123.00

Rate Annual Consumption C/s Stock O/p Stock Annual Purchases

(in Rs/Kg) (in Rs) (in Rs) (in Rs) (in Rs)
50.00 1,755,000.00 58,500.00 0.00 1,813,500.00
50.00 1,825,500.00 60,850.00 58,500.00 1,827,850.00
50.00 1,898,500.00 63,300.00 60,850.00 1,900,950.00
50.00 1,974,500.00 65,800.00 63,300.00 1,977,000.00
50.00 2,053,500.00 68,450.00 65,800.00 2,056,150.00

1 For 18mm Thick Mat Ply of 8ft by 4ft Dimension

6 lines of 0.03 Kg of Resin Glue is applied on each 18mm Thick Mat Ply of 8ft by 4ft Dimension.
Total of 0.18 Kg of Resin Glue is applied on each 18mm Thick Mat Ply of 8ft by 4ft Dimension.
Or say , 0.18 Kg of glue on 2.88 sq mt Mat Ply Board Area.
2 Closing Stock: It has been assumed that closing stock of Resin Glue maintained is equivalent to atleast 10 days consumption requirement.
3 It has been assumed that the Rate/Kg of Resin Glue will remain constant during each year.

Man Power Requirements:

Total Wages/
Sl. Salary
Designation Number Salary
No. (Rs./Month) (Rs./Month)
A Production:
Manual Labourers Through Contractors NA 1,750,000.00
Production Managers 4 25,000.00 100,000.00
Others- Electrician, Techicians etc 50,000.00

B Administration:
General Manager 2 50,000.00 100,000.00
Accounting Staff 4 15,000.00 60,000.00

Annual Wages & Salary Expenses

Sl. Production Administration
Year
No. Direct Labour Indirect Production Salary (in Rs)
1 Year Ending 1 21,000,000.00 1,800,000.00 1,920,000.00
2 Year Ending 2 23,100,000.00 1,980,000.00 2,112,000.00
3 Year Ending 3 25,410,000.00 2,178,000.00 2,323,200.00
4 Year Ending 4 27,951,000.00 2,395,800.00 2,555,520.00
5 Year Ending 5 30,746,100.00 2,635,380.00 2,811,072.00

1 It has been assumed that Wages & Salary will rise by 10% each year.
Depreciation on Fixed Assets

Sl. Rate of Depreciation Opening WDV Additions Depreciation

Year
No.

Plant & Machinery 15% - 56,515,000.00 8,477,250.00

1 Year Ending 1 Furniture & Fixtures 10% - 100,000.00 10,000.00
Building 5% - 500,000.00 25,000.00
- 57,115,000.00 8,512,250.00

Plant & Machinery 15% 48,037,750.00 - 7,205,663.00

2 Year Ending 2 Furniture & Fixtures 10% 90,000.00 - 9,000.00
Building 5% 475,000.00 - 23,750.00
48,602,750.00 - 7,238,413.00

Plant & Machinery 15% 40,832,087.00 - 6,124,813.00

3 Year Ending 3 Furniture & Fixtures 10% 81,000.00 - 8,100.00
Building 5% 451,250.00 - 22,563.00
41,364,337.00 - 6,155,476.00

Plant & Machinery 15% 34,707,274.00 - 5,206,091.00

4 Year Ending 4 Furniture & Fixtures 10% 72,900.00 - 7,290.00
Building 5% 428,687.00 - 21,434.00
35,208,861.00 - 5,234,815.00

Plant & Machinery 15% 29,501,183.00 - 4,425,177.00

5 Year Ending 5 Furniture & Fixtures 10% 65,610.00 - 6,561.00
Building 5% 407,253.00 - 20,363.00
29,974,046.00 - 4,452,101.00

Fixed Assets Details:

1 Plant & Machinery 56,515,000.00
2 Furniture & Fixtures 100,000.00
3 Building 500,000.00
57,115,000.00 42836250

Others

The following items of expenses are assumed to be increasing annually as follows:

1 Carriage Inwards 4%
2 Power & Fuel 4%
3 Repair & Maintenance Produc 4%
4 Consumables( Lubricants, Oil 4%
5 Printing and Stationery Expe 10%
6 Telephone Expenses 10%
7 Professional Charges 10%
8 Repair & Maintenance Other 10%
9 Freight Outward Expenses 10%
10 Miscellaneous Expenses 4%

1 Average Debtors Realisation Period is 30 days, therefore Debtors Turnover Ratio would be 10 times of Turnover.
M/S ALFA VINEER PLYWOOD FACTORY

DETAILS OF PARTNERS' CAPITAL ACCOUNT AS ON 31st March, 1900

P/L Balance Credit Withdrawal Salary Interest Profit Balance
Name of Partner Ratio as on Distribution as on
1-Apr-99 30-Dec-99

Nasreen Fatma 80% 0.00 0.00 426,220.58 0.00 0.00 9,733.87 -416,486.71

Faraz Ahmad 10% 0.00 0.00 25,453.64 0.00 0.00 1,216.73 -24,236.91

Faiz Ahmad 10%

TOTAL 0.00 0.00 451,674.22 0.00 0.00 10,950.60 -440,723.62

Not to be considered
1 core rate/ sq ft?
2 rate of resin/kg
3 Project Setup period
4 Loan Moratorium period