M/s MONARCH INDUSTRIES

G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,

BALOTRA-344022 (RAJ.)

DETAILED REPORT ON PROJECT COST OF ₹250.04

LAKHS FOR SUITING & SHIRTING DYEING PROCESS
UNIT WITH JET DYEING MACHINES

Prepared By:

JAWED MOHAMMAD
CHARTERED ACCOUNTANT
32-33 RIICO COMMERCIAL COMPLEX,
KHER ROAD, BALOTRA-344022 (RAJ.)
M. +919252122294 Email:jmabalotra@gmail.com

Note: Amounts mentioned in this report are projections and estimates only which are calculated on the basis of information provided by project proponent and current trend of industry.

Page 1 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)

SUMMARY OF PROJECT COST ₹ In Lakhs

PARTICULARS Proposed
LAND -

BUILDING 67.50

MACHINERY & EQUIPMENTS 132.54

OVERDRAFT LIMIT REQUIREMENT 50.00

TOTAL 250.04

SOURCES OF FINANCE ₹ In Lakhs

PARTICULARS Proposed
PROMOTER'S CONTRIBUTION 30.04

UNSECURED LOAN FROM RELATIVES 20.00

TERM LOAN FROM AXIS BANK 150.00

OVERRDRAFT FROM AXIS BANK 50.00

TOTAL 250.04

Page 2 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)

DETAILS OF PROJECT (NON RECURRING EXPENDITURE) ₹ In Lakhs

Particualrs Proposed

A. LAND
Owned: 3208 Sq. Mtrs. Industrial Land at G-34, 35 and 36, 3rd Phase, RIICO Industrial
-
Area, Balotra
Total -

B. BUILDING & CIVIL WORKS

Civil Construction of Factory as detailed in Valuation report of Empaneled Valuer 67.50

Total 67.50

C. MACHINERY & EQUIPMENTS (Annexure -I)

S# Proposed Machinery NOs.
1 6 Chambers Hot Air Stenter 1 82.73
2 4 TPH Steam Boiler with Accessories 1 32.11
3 3 Bowl Calender Machine 1 17.70
Total 132.54

D. OVERDRAFT LIMIT REQUIREMENT

Overdraft Limit requirement Operations 50.00

Total 50.00

GRAND TOTAL 250.04

Page 3 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)

Annexure - I for DETAILS OF MACHINERY & SUPPLIERS

₹ In Lakhs
S. Price/
Name of Machine Unit(s) Amount Supplier
No. Unit

1 6 Chambers Hot Air Stenter 1 82.73 82.73 B. N. Textile Engineers, Valsad

4 TPH Steam Boiler with

2 1 32.11 32.11 Rajdeep Boiler Pvt. Ltd., Surat
Accessories

3 3 Bowl Calender Machine 1 17.70 17.70 Smart Roll Industries, Surat

132.54

Page 4 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)

PROJECT DESCREPTION

Nature of activity Synthetic Cloth Dyeing

No. of Shifts in a day 3

No. of Working hours 8 Hours in each shift

Lay over_Slack Time 4 Hours/Day

Working Hours/Day 20 Hours/Day

Capacity Per Hour/Jet

500 Mtrs/Hour
Machine

Total Jet Machines 10

Capacity/Day (In Mtrs.) 10 x 20 x 500 = 100000

No. of working days 300 days in a year

Annual Capacity
100000 x 300 = 3,00,00,000
(In Mtrs)

Dyeing Price/ Mtr. 10.00 Rs. on an Average

PRODUCTION CAPACITY & UTILIZATION Qty in Lakhs

Year 2023 2024 2025 2026 2027 2028 2029 2030 2031

Annual Installed
300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00
Capacity (In Mtrs.)

Capacity Utilization@ 35% 90% 95% 100% 100% 100% 100% 100% 100%

Total Production 105.00 270.00 285.00 300.00 300.00 300.00 300.00 300.00 300.00

Page 5 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)
PROJECTED PROFITABILITY STATEMENT

Year 1st 2nd 3rd 4th 5th 6th 7th 8th 9th
S.# Particulars
2023 2024 2025 2026 2027 2028 2029 2030 2031
1 Capacity Utilized 35% 90% 95% 100% 100% 100% 100% 100% 100%

Production (In Lakh Mtrs) 105.00 270.00 285.00 300.00 300.00 300.00 300.00 300.00 300.00

2 Cost of Production Rs. In Lakhs

i. Raw Material 421.10 1,206.50 1,292.00 1,374.00 1,386.50 1,397.00 1,406.50 1,412.00 1,416.00
ii. Power and Fuel 81.92 216.00 231.44 247.20 252.00 256.80 261.60 266.40 266.40
iii. Direct Labour 307.20 837.00 925.76 1,019.70 1,071.00 1,123.50 1,177.20 1,232.10 1,232.10
iv. Other Processing Exp. 61.44 162.00 173.58 185.40 189.00 192.60 196.20 199.80 199.80
v. Office & Selling Exp. 30.72 81.00 86.79 92.70 94.50 96.30 98.10 99.90 99.90
vi. Depreciation 60.89 80.05 69.87 61.04 53.36 46.69 40.89 35.84 31.43
vii. Interest
a. On Term Loan- (Axis) - 12.76 10.81 8.86 6.91 4.96 3.01 1.06 -
b. On Overdraft Limit- (Axis) - 4.55 4.55 4.55 4.55 4.55 4.55 4.55 4.55
c. On Term Loan- (Canara) 34.05 36.94 30.83 24.82 18.80 12.82 5.66 - -
d. On C.C.limit- (Canara) 4.47 6.94 6.94 6.94 6.94 6.94 6.94 6.94 6.94
e. On Unsecured loan (Family) 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80

Total Cost 1,003.59 2,645.53 2,834.37 3,027.00 3,085.36 3,143.96 3,202.44 3,260.38 3,258.92

3 Sales Realization 1,024.00 2,700.00 2,893.00 3,090.00 3,150.00 3,210.00 3,270.00 3,330.00 3,330.00
@ avergae Selling Price (₹/Mtr.) 9.75 10.00 10.15 10.30 10.50 10.70 10.90 11.10 11.10

4 Net profit before tax 20.41 54.47 58.63 63.00 64.64 66.04 67.56 69.62 71.08
5 Tax Provision - - - - - - - - -
6 Net Profit after tax 20.41 54.47 58.63 63.00 64.64 66.04 67.56 69.62 71.08
7 Depreciation 60.89 80.05 69.87 61.04 53.36 46.69 40.89 35.84 31.43
8 Cash Accruals 81.30 134.52 128.51 124.04 118.01 112.74 108.45 105.46 102.51
9 EBIT 26.68 75.96 78.18 80.59 80.29 79.74 79.30 79.41 79.82
10 PBDIT 87.57 156.01 148.05 141.63 133.65 126.43 120.19 115.25 111.25
11 NP/Sales in % 1.99% 2.02% 2.03% 2.04% 2.05% 2.06% 2.07% 2.09% 2.13%
12 PBDIT/Sales in % 8.55% 5.78% 5.12% 4.58% 4.24% 3.94% 3.68% 3.46% 3.34%

13 Stock Consumption
i. Opening Stock 95.10 101.50 200.00 205.00 220.00 220.00 220.00 220.00 230.00
ii. Purchases 427.50 1,305.00 1,297.00 1,389.00 1,396.50 1,417.00 1,436.50 1,452.00 1,446.00
iii. Closing Stock 101.50 200.00 205.00 220.00 230.00 240.00 250.00 260.00 260.00
iv. Consumed 421.10 1206.50 1292.00 1374.00 1386.50 1397.00 1406.50 1412.00 1416.00

Page 6 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)

PROJECTED BALANCE SHEET STATEMENT

₹ In Lakhs
Year
1st 2nd 3rd 4th 5th 6th 7th 8th 9th
Particulars
S.# 2023 2024 2025 2026 2027 2028 2029 2030 2031

A. LIABILITIES

i. Prop’s Capital 248.45 299.91 355.05 414.05 473.69 533.73 594.29 594.29 717.98

ii. Bank Term Loan (Axis) - 128.57 107.14 85.71 64.29 42.86 21.43 (0.00) (0.00)

iii. Bank Term Loan (Canara) 340.74 281.48 222.22 162.96 103.70 44.44 - - -

iv. Bank C.C.Limit 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00

v. Bank OD Limit - 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00

vi. Unsecured Loans 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00

vii. Trade Creditors 190.20 125.00 145.00 170.00 190.00 200.00 210.00 215.00 215.00

viii. Other Liabilities 6.59 22.00 30.00 15.00 20.00 25.00 20.00 32.00 20.00

TOTAL 880.98 1,001.97 1,004.41 992.72 996.68 991.03 990.72 986.29 1,097.98

B. ASSETS

i. Investment in Capital Assets 655.67 575.62 505.75 444.71 391.34 344.65 303.76 303.76 236.49

ii Other Non Current Assets - - - - - - - - -

CURRENT ASSETS:

iii. Closing Stock 101.50 200.00 205.00 220.00 230.00 240.00 250.00 260.00 260.00

iv. Trade Debtors 115.50 210.00 270.00 300.00 350.00 380.00 395.00 400.00 545.00

v. Cash & Bank Balance 1.41 6.35 12.67 16.01 12.33 11.38 23.96 7.53 31.50

vi. Other Current Assets 6.90 10.00 11.00 12.00 13.00 15.00 18.00 15.00 25.00

TOTAL 880.98 1,001.97 1,004.42 992.72 996.67 991.03 990.72 986.29 1,097.99

Page 7 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)

PROJECTED DEPRECIATION CHART

₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031

Building @10%

Opening Balance 331.70 366.03 329.43 296.48 266.84 240.15 216.14 194.52 175.07

Addition 67.50 - - - - - - - -

Total 399.20 366.03 329.43 296.48 266.84 240.15 216.14 194.52 175.07

Depreciation 33.17 36.60 32.94 29.65 26.68 24.02 21.61 19.45 17.51

Closing Balance 366.03 329.43 296.48 266.84 240.15 216.14 194.52 175.07 157.56

Machinery @15%

Opening Balance 184.82 289.64 246.19 209.26 177.87 151.19 128.51 109.24 92.85

Addition 132.54 - - - - - - - -

Total 317.36 289.64 246.19 209.26 177.87 151.19 128.51 109.24 92.85

Depreciation 27.72 43.45 36.93 31.39 26.68 22.68 19.28 16.39 13.93

Closing Balance 289.64 246.19 209.26 177.87 151.19 128.51 109.24 92.85 78.92

Gross Fixed Assets 716.56 655.67 575.62 505.75 444.71 391.34 344.65 303.76 267.92

Total Depreciation 60.89 80.05 69.87 61.04 53.36 46.69 40.89 35.84 31.43

WDV of Total Fixed Assets 655.67 575.62 505.75 444.71 391.34 344.65 303.76 267.92 236.49

Page 8 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)

PROJECTED PROPRIETOR(S)' CAPITAL/SHARE CAPITAL ACCOUNT

₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031
Opening Balance 200.00 248.45 299.91 355.05 414.05 473.69 533.73 594.29 655.91
Addition during the year 30.04 - - - - - - - -
Net Profit for the year 20.41 54.47 58.63 63.00 64.64 66.04 67.56 69.62 71.08
Withdrawal during the year 2.00 3.00 3.50 4.00 5.00 6.00 7.00 8.00 9.00
Closing Balance 248.45 299.91 355.05 414.05 473.69 533.73 594.29 655.91 717.98

TERM LOAN REPAYMENT SCHEDULE - Fresh TL = ₹150.00 Lakh for 84 Months

₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031
O/S Term Loan at Beginning - 150.00 128.57 107.14 85.71 64.29 42.86 21.43 (0.00)
Repayment during the year: - 34.18 32.23 30.28 28.33 26.38 24.43 22.48 -
(i) Interest Portion - 12.76 10.81 8.86 6.91 4.96 3.01 1.06 -
(ii) Principal Portion - 21.43 21.43 21.43 21.43 21.43 21.43 21.43 -
Closing Balance - 128.57 107.14 85.71 64.29 42.86 21.43 (0.00) (0.00)

Total Interest Payment - 12.76 10.81 8.86 6.91 4.96 3.01 1.06 -
Total Principal Payment - 21.43 21.43 21.43 21.43 21.43 21.43 21.43 -
Total Closing O/s - 128.57 107.14 85.71 64.29 42.86 21.43 (0.00) (0.00)

TERM LOAN REPAYMENT SCHEDULE - OLD TL = ₹400.00 Lakh for 84 Months in Canara Bank
₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031
O/S Term Loan at Beginning 400.00 340.74 281.48 222.22 162.96 103.70 44.44 - -
Repayment during the year: 93.31 96.20 90.09 84.08 78.06 72.08 50.10 - -
(i) Interest Portion 34.05 36.94 30.83 24.82 18.80 12.82 5.66 - -
(ii) Principal Portion 59.26 59.26 59.26 59.26 59.26 59.26 44.44 - -
Closing Balance 340.74 281.48 222.22 162.96 103.70 44.44 - - -

Total Interest Payment 34.05 36.94 30.83 24.82 18.80 12.82 5.66 - -
Total Principal Payment 59.26 59.26 59.26 59.26 59.26 59.26 44.44 - -
Total Closing O/s 340.74 281.48 222.22 162.96 103.70 44.44 - - -
Page 9 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)

BREAK EVEN ANALYSIS (BEP)

Rs. In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031

Fixed Cost (A) 97.88 182.54 176.21 171.33 163.51 156.69 150.73 145.53 140.07
Sales 1,024.00 2,700.00 2,893.00 3,090.00 3,150.00 3,210.00 3,270.00 3,330.00 3,330.00
Less: Variable Cost 871.66 2,421.50 2,622.78 2,826.30 2,898.50 2,969.90 3,041.50 3,110.30 3,114.30
Contribution (B) 152.34 278.50 270.22 263.70 251.50 240.10 228.50 219.70 215.70
Break Even Point (A/B*100) 64.25 65.54 65.21 64.97 65.01 65.26 65.97 66.24 64.94

1,384.50
Average BEP x 100 = 65.30
2,120.26

RETURN ON INVESTMENT (ROI)

Rs. In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031

Net profit before tax 20.41 54.47 58.63 63.00 64.64 66.04 67.56 69.62 71.08

Interest on Term Loan 34.05 49.70 41.64 33.68 25.71 17.78 8.67 1.06 -

Total (A) 54.46 104.16 100.27 96.67 90.35 83.82 76.22 70.67 71.08

Prop’s Capital 248.45 299.91 355.05 414.05 473.69 533.73 594.29 655.91 717.98

Bank Term Loan 340.74 410.05 329.36 248.67 167.99 87.30 21.43 (0.00) (0.00)

Total (B) 589.19 709.97 684.41 662.72 641.68 621.03 615.72 655.91 717.98

ROI 9.24% 14.67% 14.65% 14.59% 14.08% 13.50% 12.38% 10.78% 9.90%

Page 10 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)

CURRENT RATIO (CR)

₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031

Trade Debtors 115.50 210.00 270.00 300.00 350.00 380.00 395.00 400.00 545.00

Cash & Bank Balance 1.41 6.35 12.67 16.01 12.33 11.38 23.96 7.53 31.50

Closing Stock 101.50 200.00 205.00 220.00 230.00 240.00 250.00 260.00 260.00

Other Current Assets 6.90 10.00 11.00 12.00 13.00 15.00 18.00 15.00 25.00

Total Current Assets (A) 225.31 426.35 498.67 548.01 605.33 646.38 686.96 682.53 861.50

Trade Creditors 190.20 125.00 145.00 170.00 190.00 200.00 210.00 215.00 215.00

Bank OD Limit - 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00

Bank CC Limit 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00

Other Liabilities 6.59 22.00 30.00 15.00 20.00 25.00 20.00 32.00 20.00

Total Current Liab (B) 271.79 272.00 300.00 310.00 335.00 350.00 355.00 372.00 360.00

CR (A/B) 0.83 1.57 1.66 1.77 1.81 1.85 1.94 1.83 2.39

TOTAL TERM LIAB/TANGIBLE NET WORTH (TTL/TNW Ratio)

₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031

Total Term Liabilities 340.74 410.05 329.36 248.67 167.99 87.30 21.43 (0.00) (0.00)

Tangible Net Worth 248.45 299.91 355.05 414.05 473.69 533.73 594.29 594.29 717.98

TTL/TNW Ratio 1.37 1.37 0.93 0.60 0.35 0.16 0.04 NA NA

Page 11 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)
Debt Service Coverage Ratio (DSCR)
₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031
Net Cash Accruals 81.30 134.52 128.51 124.04 118.01 112.74 108.45 105.46 102.51
Interest on Term Loan 34.05 49.70 41.64 33.68 25.71 17.78 8.67 1.06 -
Total Sources (A) 115.35 184.21 170.14 157.71 143.71 130.51 117.11 106.51 102.51

TL Installments-Axis - 21.43 21.43 21.43 21.43 21.43 21.43 21.43 -

TL Installments-Canara 59.26 59.26 59.26 59.26 59.26 59.26 44.44 - -
Interest on Term Loan 34.05 49.70 41.64 33.68 25.71 17.78 8.67 1.06 -
Total Debt (B) 93.31 130.38 122.32 114.36 106.39 98.46 74.53 22.48 -

DSCR (A/B) 1.24 1.41 1.39 1.38 1.35 1.33 1.57 4.74 #DIV/0!
1,227.78
Average DSCR = 1.61
762.26

DEBT EQUITY RATIO FOR CAPEX PROJECT (DE Ratio)

₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031
Total Long Term Debts 360.74 430.05 349.36 268.67 187.99 107.30 41.43 20.00 20.00
Equity/TNW 248.45 299.91 355.05 414.05 473.69 533.73 594.29 655.91 717.98
DE Ratio 1.45 1.43 0.98 0.65 0.40 0.20 0.07 0.03 0.03

TOTAL OUTSIDE LIAB/TANGIBLE NET WORTH RATIO (TOL/TNW Ratio)

₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031
Total Outside Liabilities 557.53 627.05 574.36 503.67 447.99 382.30 321.43 317.00 305.00
Capital/Net Worth 248.45 299.91 355.05 414.05 473.69 533.73 594.29 655.91 717.98
TOL/TNW Ratio 2.24 2.09 1.62 1.22 0.95 0.72 0.54 0.48 0.42
When Loan from Relatives are considered as Quasi Capital:
Total Outside Liabilities 537.53 607.05 554.36 483.67 427.99 362.30 301.43 297.00 285.00
Capital+Quasi Capital 268.45 319.91 375.05 434.05 493.69 553.73 614.29 675.91 737.98
TOL/TNW Ratio 2.00 1.90 1.48 1.11 0.87 0.65 0.49 0.44 0.39

Page 12 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)

NET PROFIT/SALES RATIO ₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031

Net Profit 20.41 54.47 58.63 63.00 64.64 66.04 67.56 69.62 71.08

Sales 1,024.00 2,700.00 2,893.00 3,090.00 3,150.00 3,210.00 3,270.00 3,330.00 3,330.00

NP/Sales 1.99% 2.02% 2.03% 2.04% 2.05% 2.06% 2.07% 2.09% 2.13%

INTEREST SERVICE/COVERAGE RATIO ₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031

EBIT 26.68 75.96 78.18 80.59 80.29 79.74 79.30 79.41 79.82

Interest 40.32 62.98 54.92 46.96 38.99 31.06 21.95 14.34 13.29

Interest Service Ratio 0.66 1.21 1.42 1.72 2.06 2.57 3.61 5.54 6.01

ASSET COVERAGE RATIO (ACR Ratio) ₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031

Chargeable Asset 684.19 854.97 829.42 807.72 786.67 766.03 760.72 739.29 862.99

Total Debt 216.79 167.00 195.00 205.00 230.00 245.00 250.00 267.00 255.00

ACR Ratio 3.16 5.12 4.25 3.94 3.42 3.13 3.04 2.77 3.38

FIXED ASSET COVERAGE RATIO (FACR Ratio) ₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031

Fixed Assets 655.67 575.62 505.75 444.71 391.34 344.65 303.76 303.76 236.49

Term Loan 340.74 410.05 329.36 248.67 167.99 87.30 21.43 (0.00) (0.00)

FACR Ratio 1.92 1.40 1.54 1.79 2.33 3.95 14.18 NA NA

Page 13 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)

FINANCIAL INDICATORS :
1st 2nd 3rd 4th 5th 6th 7th 8th 9th
S# YearParticulars
2023 2024 2025 2026 2027 2028 2029 2030 2031
1 Paid-Up Capital 248.45 299.91 355.05 414.05 473.69 533.73 594.29 594.29 717.98
2 Reserves 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Intangible Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Tangible Net Worth 248.45 299.91 355.05 414.05 473.69 533.73 594.29 594.29 717.98
5 Adjusted TNW(4+7-10) 268.45 319.91 375.05 434.05 493.69 553.73 614.29 614.29 737.98
6 Long term Liabilities 340.74 281.48 222.22 162.96 103.70 44.44 0.00 0.00 0.00
Unsecured loans from Promoters
7 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00
/ family included under (5)
8 Capital Employed(4)+(6) 589.19 581.39 577.27 577.01 577.39 578.17 594.29 594.29 717.98
9 Net Block 655.67 575.62 505.75 444.71 391.34 344.65 303.76 303.76 236.49
10 Investments (Outside Business) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11 Non-Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12 Current Assets 225.31 426.35 498.67 548.01 605.33 646.38 686.96 682.53 861.50
13 Current Liabilities 216.79 217.00 245.00 255.00 280.00 295.00 300.00 317.00 305.00
14 NWC 8.52 209.35 253.67 293.01 325.33 351.38 386.96 365.53 556.50
15 Net Sales 1024.00 2700.00 2893.00 3090.00 3150.00 3210.00 3270.00 3330.00 3330.00
16 Domestic 1024.00 2700.00 2893.00 3090.00 3150.00 3210.00 3270.00 3330.00 3330.00
17 Export 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 6.00
18 % growth NA 163.67% 7.15% 6.81% 1.94% 1.90% 1.87% 3.74% 1.83%
19 Gross Profit 152.34 278.50 270.22 263.70 251.50 240.10 228.50 219.70 215.70
20 EBIDTA 87.57 156.01 148.05 141.63 133.65 126.43 120.19 115.25 111.25
21 Net Profit Before Tax 20.41 54.47 58.63 63.00 64.64 66.04 67.56 69.62 71.08
22 Net Profit After Tax 20.41 54.47 58.63 63.00 64.64 66.04 67.56 69.62 71.08
23 Depreciation 60.89 80.05 69.87 61.04 53.36 46.69 40.89 35.84 31.43
24 Cash Accruals 81.30 134.52 128.51 124.04 118.01 112.74 108.45 105.46 102.51
25 Long Term sources (8) 589.19 581.39 577.27 577.01 577.39 578.17 594.29 594.29 717.98
26 Long Term uses (9+10+11) 655.67 575.62 505.75 444.71 391.34 344.65 303.76 303.76 236.49
27 Surplus/Deficit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
28 Dividends 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
29 On Equity Shares 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
30 On Preference shares 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average DSCR (for proposed
31 1.24 1.41 1.39 1.38 1.35 1.33 1.57 4.74 ######
Term Loan)

Page 14 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)
RATIOS :
1st 2nd 3rd 4th 5th 6th 7th 8th 9th
S# YearParticulars
2023 2024 2025 2026 2027 2028 2029 2030 2031
1 Current Ratio 0.83 1.57 1.66 1.77 1.81 1.85 1.94 1.83 2.39
Debt/Equity Ratio (Unsecured
2 1.45 1.43 0.98 0.65 0.40 0.20 0.07 0.03 0.03
loan treated as long term loans)
Debt/Equity Ratio (Excluding
3 1.37 0.94 0.63 0.39 0.22 0.08 0.00 0.00 0.00
Unsecured loans)
4 TOL/TNW Ratio 2.24 2.09 1.62 1.22 0.95 0.72 0.54 0.48 0.42
TOL/TNW Ratio with unsecured
5 loan as quasi capital in Net 2.00 1.90 1.48 1.11 0.87 0.65 0.49 0.44 0.39
Worth
6 Gross Profit margin % 14.88% 10.31% 9.34% 8.53% 7.98% 7.48% 6.99% 6.60% 6.48%
7 Net Profit margin % 1.99% 2.02% 2.03% 2.04% 2.05% 2.06% 2.07% 2.09% 2.13%
8 Debt/EBIDTA (times) 4.12 2.76 2.36 1.90 1.41 0.85 0.34 0.17 0.18
9 FACR 1.92 1.40 1.54 1.79 2.33 3.95 14.18 NA NA
10 Return on Equity % 9.24% 14.67% 14.65% 14.59% 14.08% 13.50% 12.38% 10.78% 9.90%
11 Return on Assets % 2.32% 5.44% 5.84% 6.35% 6.49% 6.66% 6.82% 7.06% 6.47%
12 ROCE (PBDIT/TA) (%) 9.94% 15.57% 14.74% 14.27% 13.41% 12.76% 12.13% 11.69% 10.13%
13 PBDIT/Interest (times) 2.17 2.48 2.70 3.02 3.43 4.07 5.47 8.03 8.37
14 PAT/Operating Profit 0.34 0.46 0.52 0.57 0.62 0.68 0.75 0.83 0.84

Page 15 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)

OD LIMIT REQUIREMENT ASSESSMENT ₹ In Lakhs

1st 2nd 3rd 4th 5th 6th 7th 8th 9th

Particulars/Year
2023 2024 2025 2026 2027 2028 2029 2030 2031
1 Total Gross Sales 1,024.00 2,700.00 2,893.00 3,090.00 3,150.00 3,210.00 3,270.00 3,330.00 3,330.00

2 Working Capital Req 256.00 675.00 723.25 772.50 787.50 802.50 817.50 832.50 832.50
3 Minimum Margin Required 51.20 135.00 144.65 154.50 157.50 160.50 163.50 166.50 166.50
4 Available NWC 28.52 229.35 273.67 313.01 345.33 371.38 406.96 385.53 576.50
5 Permissible Bank Finance 204.80 445.65 449.58 459.49 442.17 431.12 410.54 446.97 256.00
6 Bank Borrowing Sought 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00
7 Excess Bank Borrowing (154.80) (395.65) (399.58) (409.49) (392.17) (381.12) (360.54) (396.97) (206.00)

Page 16 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)
REPAYMENT SCHEDULE OF TERM LOAN

Tenure (Months): 84 ROI: 9.10% Amount in ₹

OPENING PRINCIPAL INTEREST TOTAL CLOSING
MONTH
PRINCIPAL O/S REPAYMENT THEREON PAYMENT PRINCIPAL O/S
FY 2023-24
APR 15000000.00 178571.43 113750.00 292321.43 14821428.57
MAY 14821428.57 178571.43 112396.00 290967.43 14642857.14
JUN 14642857.14 178571.43 111042.00 289613.43 14464285.71
JUL 14464285.71 178571.43 109688.00 288259.43 14285714.29
AUG 14285714.29 178571.43 108333.00 286904.43 14107142.86
SEP 14107142.86 178571.43 106979.00 285550.43 13928571.43
OCT 13928571.43 178571.43 105625.00 284196.43 13750000.00
NOV 13750000.00 178571.43 104271.00 282842.43 13571428.57
DEC 13571428.57 178571.43 102917.00 281488.43 13392857.14
JAN 13392857.14 178571.43 101563.00 280134.43 13214285.71
FEB 13214285.71 178571.43 100208.00 278779.43 13035714.29
MAR 13035714.29 178571.43 98854.00 277425.43 12857142.86
TOTAL 2142857.14 1275626.00 3418483.14
FY 2024-25
APR 12857142.86 178571.43 97500.00 276071.43 12678571.43
MAY 12678571.43 178571.43 96146.00 274717.43 12500000.00
JUN 12500000.00 178571.43 94792.00 273363.43 12321428.57
JUL 12321428.57 178571.43 93437.00 272008.43 12142857.14
AUG 12142857.14 178571.43 92083.00 270654.43 11964285.71
SEP 11964285.71 178571.43 90729.00 269300.43 11785714.29
OCT 11785714.29 178571.43 89375.00 267946.43 11607142.86
NOV 11607142.86 178571.43 88021.00 266592.43 11428571.43
DEC 11428571.43 178571.43 86667.00 265238.43 11250000.00
JAN 11250000.00 178571.43 85312.00 263883.43 11071428.57
FEB 11071428.57 178571.43 83958.00 262529.43 10892857.14
MAR 10892857.14 178571.43 82604.00 261175.43 10714285.71
TOTAL 2142857.14 1080624.00 3223481.14
FY 2025-26
APR 10714285.71 178571.43 81250.00 259821.43 10535714.29
MAY 10535714.29 178571.43 79896.00 258467.43 10357142.86
JUN 10357142.86 178571.43 78542.00 257113.43 10178571.43
JUL 10178571.43 178571.43 77187.00 255758.43 10000000.00
AUG 10000000.00 178571.43 75833.00 254404.43 9821428.57
SEP 9821428.57 178571.43 74479.00 253050.43 9642857.14
OCT 9642857.14 178571.43 73125.00 251696.43 9464285.71
NOV 9464285.71 178571.43 71771.00 250342.43 9285714.29
DEC 9285714.29 178571.43 70417.00 248988.43 9107142.86
JAN 9107142.86 178571.43 69062.00 247633.43 8928571.43
FEB 8928571.43 178571.43 67708.00 246279.43 8750000.00
MAR 8750000.00 178571.43 66354.00 244925.43 8571428.57
TOTAL 2142857.14 885624.00 3028481.14

Page 17 of 19
 FY 2026-27
OPENING PRINCIPAL INTEREST TOTAL CLOSING
MONTH
PRINCIPAL O/S REPAYMENT THEREON PAYMENT PRINCIPAL O/S
APR 8571428.57 178571.43 65000.00 243571.43 8392857.14
MAY 8392857.14 178571.43 63646.00 242217.43 8214285.71
JUN 8214285.71 178571.43 62292.00 240863.43 8035714.29
JUL 8035714.29 178571.43 60937.00 239508.43 7857142.86
AUG 7857142.86 178571.43 59583.00 238154.43 7678571.43
SEP 7678571.43 178571.43 58229.00 236800.43 7500000.00
OCT 7500000.00 178571.43 56875.00 235446.43 7321428.57
NOV 7321428.57 178571.43 55521.00 234092.43 7142857.14
DEC 7142857.14 178571.43 54167.00 232738.43 6964285.71
JAN 6964285.71 178571.43 52812.00 231383.43 6785714.29
FEB 6785714.29 178571.43 51458.00 230029.43 6607142.86
MAR 6607142.86 178571.43 50104.00 228675.43 6428571.43
TOTAL 2142857.14 690624.00 2833481.14
FY 2027-28
APR 6428571.43 178571.43 48750.00 227321.43 6250000.00
MAY 6250000.00 178571.43 47396.00 225967.43 6071428.57
JUN 6071428.57 178571.43 46042.00 224613.43 5892857.14
JUL 5892857.14 178571.43 44687.00 223258.43 5714285.71
AUG 5714285.71 178571.43 43333.00 221904.43 5535714.29
SEP 5535714.29 178571.43 41979.00 220550.43 5357142.86
OCT 5357142.86 178571.43 40625.00 219196.43 5178571.43
NOV 5178571.43 178571.43 39271.00 217842.43 5000000.00
DEC 5000000.00 178571.43 37917.00 216488.43 4821428.57
JAN 4821428.57 178571.43 36562.00 215133.43 4642857.14
FEB 4642857.14 178571.43 35208.00 213779.43 4464285.71
MAR 4464285.71 178571.43 33854.00 212425.43 4285714.29
TOTAL 2142857.14 495624.00 2638481.14
FY 2028-29
APR 4285714.29 178571.43 32500.00 211071.43 4107142.86
MAY 4107142.86 178571.43 31146.00 209717.43 3928571.43
JUN 3928571.43 178571.43 29792.00 208363.43 3750000.00
JUL 3750000.00 178571.43 28437.00 207008.43 3571428.57
AUG 3571428.57 178571.43 27083.00 205654.43 3392857.14
SEP 3392857.14 178571.43 25729.00 204300.43 3214285.71
OCT 3214285.71 178571.43 24375.00 202946.43 3035714.29
NOV 3035714.29 178571.43 23021.00 201592.43 2857142.86
DEC 2857142.86 178571.43 21667.00 200238.43 2678571.43
JAN 2678571.43 178571.43 20312.00 198883.43 2500000.00
FEB 2500000.00 178571.43 18958.00 197529.43 2321428.57
MAR 2321428.57 178571.43 17604.00 196175.43 2142857.14
TOTAL 2142857.14 300624.00 2443481.14
FY 2029-30
APR 2142857.14 178571.43 16250.00 194821.43 1964285.71
MAY 1964285.71 178571.43 14896.00 193467.43 1785714.29
JUN 1785714.29 178571.43 13542.00 192113.43 1607142.86
JUL 1607142.86 178571.43 12187.00 190758.43 1428571.43
AUG 1428571.43 178571.43 10833.00 189404.43 1250000.00
SEP 1250000.00 178571.43 9479.00 188050.43 1071428.57
OCT 1071428.57 178571.43 8125.00 186696.43 892857.14
NOV 892857.14 178571.43 6771.00 185342.43 714285.71
DEC 714285.71 178571.43 5417.00 183988.43 535714.29
JAN 535714.29 178571.43 4062.00 182633.43 357142.86
FEB 357142.86 178571.43 2708.00 181279.43 178571.43
FEB 178571.43 178571.43 1354.00 179925.43 0.00
MAR 2142857.14 105624.00 2248481.14

GRAND TOTAL 15000000.00 4834370.00 19834370.00

Page 18 of 19
 M/s MONARCH INDUSTRIES
G-34, 35 and 36, 3rd PHASE, INDUSTRIAL AREA,
BALOTRA-344022 (RAJ.)

PROJECT IMPLEMENTATION SCHEDULE

S.No. Particulars Start End

1 Land Already Acquired

Statutory registration and The firm is already registered with

2 Completed
consents. GST act, 2017

The firm is registered with DIC

Completed
for SSI
-The firm shall apply for
registration under all applicable As per Rule of relevant Act.
labour Acts.

3 Arrangement for Power Connection Available in the premises itself

Adequate arrangement with the firm and from outside sources. Also
4 Arrangement of Water
Water storage tank available.
Already Constructed (Erection Platforms etc are scheduled to be
5 Building & Civil Work
completed by 30th Mar 2023)
Order of plant &
6 Order of machineries already placed and is under process.
machineries
Erection of Plant &
7 31st Mar 2023 31st Mar 2023
Machineries

8 Trial Run 31st Mar 2023 31st Mar 2023

9 Commercial Production 01st Apr 2023

Commencement of
10 01st Apr 2023
Repayment of Term loan

Page 19 of 19