M/S SARALA FLY ASH BRICKS

PROP-PRASANT KUMAR MOHANTY

AT-MARICHAPADA,PO/DIST- JAGATSINGHPUR-754103

COST OF THE PROJECT

PARTICULARS Total

Factory Shed 2,80,000.00

Plant & Machinery 14,75,000.00
Furniture & Fixture 30,000.00
Elecrtrical Instailation 81,000.00
Pre operative Expenses 37,100.00
Working Capital 5,95,900.00
TOTAL 24,99,000.00

Means of Finance

Promoter’s Contribution 1,39,000.00

Term Loan from Bank 18,00,000.00
Cash Credit from Bank 5,60,000.00
Subsidy provided by KVIC/KVIB/DIC @ 35% (Rs. 8,74,650/-) -
TOTAL 24,99,000.00

Date: 02/07/2020
Place: Bhubaneswar
UDIN-20061549AAAACR1355
 PROJECTED BALANCE SHEET

PARTICULARS 2020-21 2021-22 2022-23 2023-24

ASSETS:

Fixed Assets
Net Block 17,40,800.00 15,08,405.00 13,09,361.00 11,38,749.00

Current Assets
Closing Stock 6,47,000.00 7,11,700.00 7,82,870.00 8,61,157.00
Sundry Debtors 50,000.00 55,000.00 60,500.00 66,550.00
Cash & Bank Balance 18,409.00 17,686.00 28,557.00 25,003.00
Pre Operative Expenses 27,825.00 18,550.00 9,275.00 -
TOTAL 24,84,034.00 23,11,341.00 21,90,563.00 20,91,459.00

LIABILITIES

Capital - 2,54,446.00 3,69,287.00 5,75,734.00

Additon 1,39,000.00
Net Profit 4,45,446.00 4,64,841.00 6,06,447.00 6,51,075.00
5,84,446.00 7,19,287.00 9,75,734.00 12,26,809.00
Less:drwaing 3,30,000.00 3,50,000.00 4,00,000.00 5,70,000.00
2,54,446.00 3,69,287.00 5,75,734.00 6,56,809.00

Term Loan 16,69,588.00 13,82,054.00 10,54,829.00 -

Cash Credit 5,60,000.00 5,60,000.00 5,60,000.00 5,60,000.00
Subsidy 8,74,650.00

TOTAL 24,84,034.00 23,11,341.00 21,90,563.00 20,91,459.00

- - - -

Date: 02/07/2020
Place: Bhubaneswar
UDIN-20061549AAAACR1355
 PROFITABILITY STATEMENT

YEAR 2020-21 2021-22 2022-23 2023-24

PARTICULARS

A) Sales 1,26,00,000.00 1,68,00,000.00 1,84,80,000.00 2,03,28,000.00

Closing Stock 6,47,000.00 7,11,700.00 7,82,870.00 8,61,157.00
1,32,47,000.00 1,75,11,700.00 1,92,62,870.00 2,11,89,157.00

B)
Opening Stock - 6,47,000.00 7,11,700.00 7,82,870.00
Purchases 1,16,32,518.00 1,44,86,480.00 1,60,15,128.00 1,76,16,641.00
Salary & Wages 7,56,000.00 11,08,800.00 11,74,240.00 13,71,664.00
Electricity 1,72,800.00 3,80,160.00 3,99,168.00 4,69,085.00
Consumable 16,200.00 23,760.00 24,948.00 27,443.00
Postage & Stationary 4,500.00 9,900.00 10,395.00 11,435.00
Repairs & Maintenance 6,800.00 14,960.00 15,708.00 17,279.00
Travelling Expenses 7,200.00 15,840.00 16,632.00 18,295.00
Insurance 8,400.00 18,480.00 19,404.00 21,344.00
Misc. Expenses 6,000.00 13,200.00 13,860.00 15,246.00
Depreciation 1,25,200.00 2,32,395.00 1,99,044.00 1,70,612.00
Preoperative Expenses Written Off 9,275.00 9,275.00 9,275.00 9,275.00
Total 1,27,44,893.00 1,69,60,250.00 1,86,09,502.00 2,05,31,189.00

Profit before Interest & Tax 5,02,107.00 5,51,450.00 6,53,368.00 6,57,968.00

Less: Interest on Term Loan 56,661.00 86,609.00 46,921.00 6,893.00

Profit before Tax 4,45,446.00 4,64,841.00 6,06,447.00 6,51,075.00

-
Date: 02/07/2020
Place: Bhubaneswar
UDIN-20061549AAAACR1355
 TERM LOAN REPAYMENT & INTEREST CALCULATION SCHEDULE
Loan Amount 1800000
Subsidy Amount 874650
Loan Term (Years) 3
Payments Per Year 12
Rate of Interest 13.00%
Monthly Installment 31,179
S.No Monthly Installment Interest Principal Balance
0 18,00,000.00
1 31,179.00 10,025.00 21,154.00 17,78,846.00
2 31,179.00 9,795.00 21,383.00 17,57,463.00
3 31,179.00 9,564.00 21,615.00 17,35,848.00
4 31,179.00 9,330.00 21,849.00 17,13,999.00
5 31,179.00 9,093.00 22,086.00 16,91,913.00
6 31,179.00 8,854.00 22,325.00 16,69,588.00

7 31,179.00 8,612.00 22,567.00 16,47,021.00

8 31,179.00 8,367.00 22,811.00 16,24,210.00
9 31,179.00 8,120.00 23,058.00 16,01,152.00
10 31,179.00 7,870.00 23,308.00 15,77,844.00
11 31,179.00 7,618.00 23,561.00 15,54,283.00
12 31,179.00 7,363.00 23,816.00 15,30,467.00
13 31,179.00 7,105.00 24,074.00 15,06,393.00
14 31,179.00 6,844.00 24,335.00 14,82,058.00
15 31,179.00 6,580.00 24,598.00 14,57,460.00
16 31,179.00 6,314.00 24,865.00 14,32,595.00
17 31,179.00 6,044.00 25,134.00 14,07,461.00
18 31,179.00 5,772.00 25,407.00 13,82,054.00

19 31,179.00 5,497.00 25,682.00 13,56,372.00

20 31,179.00 5,219.00 25,960.00 13,30,412.00
21 31,179.00 4,937.00 26,241.00 13,04,171.00
22 31,179.00 4,653.00 26,526.00 12,77,645.00
23 31,179.00 4,366.00 26,813.00 12,50,832.00
24 31,179.00 4,075.00 27,103.00 12,23,729.00
25 31,179.00 3,782.00 27,397.00 11,96,332.00
26 31,179.00 3,485.00 27,694.00 11,68,638.00
27 31,179.00 3,185.00 27,994.00 11,40,644.00
28 31,179.00 2,882.00 28,297.00 11,12,347.00
29 31,179.00 2,575.00 28,604.00 10,83,743.00
30 31,179.00 2,265.00 28,914.00 10,54,829.00

31 31,179.00 1,952.00 29,227.00 10,25,602.00

32 31,179.00 1,635.00 29,543.00 9,96,059.00
33 31,179.00 1,315.00 29,863.00 9,66,196.00
34 31,179.00 992.00 30,187.00 9,36,009.00
35 31,179.00 665.00 30,514.00 9,05,495.00
36 31,179.00 334.00 9,05,495.00 -
 CALCULATION OF DEPRECIATION

Year Total
Furniture &Fixture Electrical Installation Plant & Machinery Factory Shed Total Net Block Depreciation

Rate 10% 15% 15% 5%

WDV DEP WDV DEP WDV DEP WDV DEP

2020-21 30,000.00 1,500.00 81,000.00 6,075.00 14,75,000.00 1,10,625.00 2,80,000.00 7,000.00 17,40,800.00 1,25,200.00

2021-22 28,500.00 2,850.00 74,925.00 11,239.00 13,64,375.00 2,04,656.00 2,73,000.00 13,650.00 15,08,405.00 2,32,395.00

2022-23 25,650.00 2,565.00 63,686.00 9,553.00 11,59,719.00 1,73,958.00 2,59,350.00 12,968.00 13,09,361.00 1,99,044.00

2023-24 23,085.00 2,309.00 54,133.00 8,120.00 9,85,761.00 1,47,864.00 2,46,382.00 12,319.00 11,38,749.00 1,70,612.00
 DEBT SERVICE COVERAGE RATIO

PARTICULARS 2020-21 2021-22 2022-23 2023-24

Profit before Tax 4,45,446.00 4,64,841.00 6,06,447.00 6,51,075.00

Depreciation 1,25,200.00 2,32,395.00 1,99,044.00 1,70,612.00
Interest on Term Loan 56,661.00 86,609.00 46,921.00 6,893.00
Pre Operative Expenses 9,275.00 9,275.00 9,275.00 9,275.00
Total (A) 6,36,582.00 7,93,120.00 8,61,687.00 8,37,855.00

Interest on Term Loan 56,661.00 86,609.00 46,921.00 6,893.00

Repayment of Term Loan 1,30,412.00 2,87,534.00 3,27,225.00 1,80,179.00

Total (B) 1,87,073.00 3,74,143.00 3,74,146.00 1,87,072.00

D.S.C.R { A / B } 1.70 2.12 2.30 2.24

Average D. S. C. R. 2.09 :1