Cost of the Project

SOURCE OF FUND:-

Particulars Total

Promoters Contribution 7,00,000.00

Term Loan 10,00,000.00

Total 17,00,000.00

UTILIZED FOR:-

Particulars Total

Furniture & Fittings 75,000.00

Purchase of Stock 16,25,000.00

Total 17,00,000.00
 Annexure I

PROJECTED PROFITABILITY STATEMENT

Year I II III IV V

INCOME

Sales 60,00,000.00 72,00,000.00 86,40,000.00 1,03,68,000.00 1,24,41,600.00

Closing Stock 18,00,000.00 19,80,000.00 21,78,000.00 23,95,800.00 26,35,380.00

Total 78,00,000.00 91,80,000.00 1,08,18,000.00 1,27,63,800.00 1,50,76,980.00

EXPENSES

Opening Stock 18,00,000.00 19,80,000.00 21,78,000.00 23,95,800.00

Purchases 65,00,000.00 60,00,000.00 74,00,000.00 91,00,000.00 1,10,00,000.00
Salaries & Wages 5,76,000.00 5,96,000.00 6,16,000.00 6,36,000.00 6,56,000.00
Rent 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00
Transportation Charges 21,000.00 22,050.00 23,152.50 24,310.13 25,525.63
Mis. Expenses 4,800.00 5,040.00 5,292.00 5,556.60 5,834.43
Electricity Charges 10,920.00 12,012.00 13,213.20 14,534.52 15,987.97
Telephone & Mobile Charges 4,800.00 5,280.00 5,808.00 6,388.80 7,027.68
Interest on Term Loan 72,667.00 56,666.00 40,667.00 24,667.00 8,666.00
Depreciation 11,250.00 9,563.00 8,128.00 6,909.00 5872.50

Total 72,61,437.00 85,66,611.00 1,01,52,260.70 1,20,56,366.05 1,41,80,714.21

Profit before Tax 5,38,563.00 6,13,389.00 6,65,739.30 7,07,433.96 8,96,265.79

Less:- Income Tax
Profit after Tax 5,38,563.00 6,13,389.00 6,65,739.30 7,07,433.96 8,96,265.79
Add:Interest and Depreciation 83,917.00 66,229.00 48,795.00 31,576.00 14,538.50

Fund from Operation 6,22,480.00 6,79,618.00 7,14,534.30 7,39,009.96 9,10,804.29

 Annexure IV

STATEMENT OF DEBTS SERVICE COVERAGE RATIO

Years I II III IV V

Profit before Tax 5,38,563.00 6,13,389.00 6,65,739.30 7,07,433.96 8,96,265.79

Less:- Income Tax - - - - -
Profit after Tax 5,38,563.00 6,13,389.00 6,65,739.30 7,07,433.96 8,96,265.79
Add:- Interest and Depreciation 83,917.00 66,229.00 48,795.00 31,576.00 14,538.50

Fund from Operation 6,22,480.00 6,79,618.00 7,14,534.30 7,39,009.96 9,10,804.29

Repayment of loan and interest 2,72,667.00 2,72,667.00 2,40,667.00 2,24,667.00 2,24,667.00

DSCR 2.28 2.49 2.97 3.29 4.05

Average Debt Service Coverage Ratio 3.02

 Annexure II

PROJECTED BALANCE SHEET

Opening I II III IV V
Years Amount in Rs.

Liabilities

Capital 7,00,000.00 7,00,000.00 7,00,000.00 7,00,000.00 7,00,000.00 7,00,000.00

Profit & Loss A/c - 5,38,563.00 11,51,952.00 18,17,691.30 25,25,125.26 34,21,391.04
Drawings (2,20,000.00) (2,40,000.00) (2,60,000.00) (2,80,000.00) (3,00,000.00)
Sundry Creditors 1,60,000.00 1,76,000.00 1,93,600.00 2,12,960.00 2,34,256.00
Term Loan 10,00,000.00 8,00,000.00 6,00,000.00 4,00,000.00 2,00,000.00 -

Total 17,00,000.00 19,78,563.00 23,87,952.00 28,51,291.30 33,58,085.26 40,55,647.04

Assets

Fixed Assets 75,000.00 63,750.00 54,187.00 46,059.00 39,150.00 33,277.50

Debtors - 80,000.00 1,30,000.00 1,80,000.00 2,30,000.00 2,80,000.00
Investments 1,50,000.00 2,50,000.00 3,50,000.00 4,50,000.00
Closing Stock 18,00,000.00 19,80,000.00 21,78,000.00 23,95,800.00 26,35,380.00
Cash & Bank Balance 16,25,000.00 34,813.00 73,765.00 1,97,232.30 3,43,135.26 6,56,989.54

Total 17,00,000.00 19,78,563.00 23,87,952.00 28,51,291.30 33,58,085.26 40,55,647.04

 Annexure III

PROJECTED CASH FLOW STATEMENT

Years Opening I II III IV V

Sources

Fund from Operations 6,22,480.00 6,79,618.00 7,14,534.30 7,39,009.96 9,10,804.29

Capital 7,00,000.00
Increase in Creditors 1,60,000.00 16,000.00 17,600.00 19,360.00 21,296.00
Term Loan 10,00,000.00

Total 17,00,000.00 7,82,480.00 6,95,618.00 7,32,134.30 7,58,369.96 9,32,100.29

Application

Fixed Assets 75,000.00

Drawings 2,20,000.00 20,000.00 20,000.00 20,000.00 20,000.00
Repayment of Term Loan 2,00,000.00 2,00,000.00 2,00,000.00 2,00,000.00 2,00,000.00
Repayment of Interest 72,667.00 56,666.00 40,667.00 24,667.00 8,666.00
Increase in Debtors - 80,000.00 50,000.00 50,000.00 50,000.00 50,000.00
Increase in Investments - 1,50,000.00 1,00,000.00 1,00,000.00 1,00,000.00
Increase in Stock 18,00,000.00 1,80,000.00 1,98,000.00 2,17,800.00 2,39,580.00

Total 75,000.00 23,72,667.00 6,56,666.00 6,08,667.00 6,12,467.00 6,18,246.00

Net Cash Accruel (15,90,187.00) 38,952.00 1,23,467.30 1,45,902.96 3,13,854.29

Opening Cash Balance - 16,25,000.00 34,813.00 73,765.00 1,97,232.30 3,43,135.26
Closing Cash Balance 16,25,000.00 34,813.00 73,765.00 1,97,232.30 3,43,135.26 6,56,989.54
 Annexure IV

DETAILS OF TERM LOAN REPAYMENT

LOAN AMOUNT 10,00,000.00

Rate of Interest 0.08 Per Annum
Term of loan 5.00 Years
Repayment 60.00 Monthly Instalment

Amount in Rs.
Principal Principal
Sl. No. Outstanding Repayment Balance Principal Interest Annual Principal Annual Total
Repayment Interest Repayment

Year I 1 10,00,000.00 16,666.67 9,83,333.33 6,667.00

2 9,83,333.33 16,666.67 9,66,666.67 6,556.00
3 9,66,666.67 16,666.67 9,50,000.00 6,444.00
4 9,50,000.00 16,666.67 9,33,333.33 6,333.00
5 9,33,333.33 16,666.67 9,16,666.67 6,222.00
6 9,16,666.67 16,666.67 9,00,000.00 6,111.00
7 9,00,000.00 16,666.67 8,83,333.33 6,000.00
8 8,83,333.33 16,666.67 8,66,666.67 5,889.00
9 8,66,666.67 16,666.67 8,50,000.00 5,778.00
10 8,50,000.00 16,666.67 8,33,333.33 5,667.00
11 8,33,333.33 16,666.67 8,16,666.67 5,556.00
12 8,16,666.67 16,666.67 8,00,000.00 5,444.00 200000.00 72667.00 272667.00

Year II 1 8,00,000.00 16,666.67 7,83,333.33 5,333.00

2 7,83,333.33 16,666.67 7,66,666.67 5,222.00
3 7,66,666.67 16,666.67 7,50,000.00 5,111.00
4 7,50,000.00 16,666.67 7,33,333.33 5,000.00
5 7,33,333.33 16,666.67 7,16,666.67 4,889.00
6 7,16,666.67 16,666.67 7,00,000.00 4,778.00
7 7,00,000.00 16,666.67 6,83,333.33 4,667.00
8 6,83,333.33 16,666.67 6,66,666.67 4,556.00
9 6,66,666.67 16,666.67 6,50,000.00 4,444.00
10 6,50,000.00 16,666.67 6,33,333.33 4,333.00
11 6,33,333.33 16,666.67 6,16,666.67 4,222.00
12 6,16,666.67 16,666.67 6,00,000.00 4,111.00 200000.00 56666.00 256666.00

Year III 1 6,00,000.00 16,666.67 5,83,333.33 4,000.00

2 5,83,333.33 16,666.67 5,66,666.67 3,889.00
3 5,66,666.67 16,666.67 5,50,000.00 3,778.00
4 5,50,000.00 16,666.67 5,33,333.33 3,667.00
5 5,33,333.33 16,666.67 5,16,666.67 3,556.00
6 5,16,666.67 16,666.67 5,00,000.00 3,444.00
7 5,00,000.00 16,666.67 4,83,333.33 3,333.00
8 4,83,333.33 16,666.67 4,66,666.67 3,222.00
9 4,66,666.67 16,666.67 4,50,000.00 3,111.00
10 4,50,000.00 16,666.67 4,33,333.33 3,000.00
11 4,33,333.33 16,666.67 4,16,666.67 2,889.00
12 4,16,666.67 16,666.67 4,00,000.00 2,778.00 200000.00 40667.00 240667.00
 Principal Principal
Sl. No. Outstanding Repayment Balance Principal Interest Annual Principal Annual Total
Repayment Interest Repayment

Year IV 1 4,00,000.00 16,666.67 3,83,333.33 2,667.00

2 3,83,333.33 16,666.67 3,66,666.67 2,556.00
3 3,66,666.67 16,666.67 3,50,000.00 2,444.00
4 3,50,000.00 16,666.67 3,33,333.33 2,333.00
5 3,33,333.33 16,666.67 3,16,666.67 2,222.00
6 3,16,666.67 16,666.67 3,00,000.00 2,111.00
7 3,00,000.00 16,666.67 2,83,333.33 2,000.00
8 2,83,333.33 16,666.67 2,66,666.67 1,889.00
9 2,66,666.67 16,666.67 2,50,000.00 1,778.00
10 2,50,000.00 16,666.67 2,33,333.33 1,667.00
11 2,33,333.33 16,666.67 2,16,666.67 1,556.00
12 2,16,666.67 16,666.67 2,00,000.00 1,444.00 200000.00 24667.00 224667.00

Year V 1 2,00,000.00 16,666.67 1,83,333.33 1,333.00

2 1,83,333.33 16,666.67 1,66,666.67 1,222.00
3 1,66,666.67 16,666.67 1,50,000.00 1,111.00
4 1,50,000.00 16,666.67 1,33,333.33 1,000.00
5 1,33,333.33 16,666.67 1,16,666.67 889.00
6 1,16,666.67 16,666.67 1,00,000.00 778.00
7 1,00,000.00 16,666.67 83,333.33 667.00
8 83,333.33 16,666.67 66,666.67 556.00
9 66,666.67 16,666.67 50,000.00 444.00
10 50,000.00 16,666.67 33,333.33 333.00
11 33,333.33 16,666.67 16,666.67 222.00
12 16,666.67 16,666.67 0.00 111.00 200000.00 8666.00 208666.00
 Annexure V

DEPRECIATION SCHEDULE

Rate I year 2nd year 3 rd year 4 th year 5 th year

Assets Cost
% Dep WDV Dep WDV Dep WDV Dep WDV Dep WDV

Shed 15.00 75,000.00 11,250.00 63,750.00 9,563.00 54,187.00 8,128.00 46,059.00 6,909.00 39,150.00 5,872.50 33,277.50

75,000.00 11,250.00 63,750.00 9,563.00 54,187.00 8,128.00 46,059.00 6,909.00 39,150.00 5,872.50 33,277.50