PARTICULARS OF THE PROJECT

1 Name of the Applicant : G. CALVIN IMMANUEL ANTONY

2 Address of the Applicant : No.7/11, Sundaram Street,

Purasaiwalkam,
Chennai - 600 007.

3 Puropose of Loan : Capital Expenditure - Fixed Asset

4 Cost of the Project : Rs. 11,50,500

5 Own Contribution : Rs. 1,80,500

6 Term Loan From Bank : Rs. 9,70,000

7 Number of Installments : 60 Monthly Installments

8 Depreciation : As per Income Tax Act

9 Repayment Source : Out of Income from Business

10 Financial Assistance :MUDRA

COST OF THE PROJECT AND MEANS OF FINANCING

COST OF THE PROJECT

S.No. DESCRIPTION AMOUNT

1 MUSICAL EQUIPMENTS 11,50,500

TOTAL 11,50,500

MEANS OF FINANCING

S.No. DESCRIPTION AMOUNT

1 OWN CAPITAL 1,80,500

2 TERM LOAN FROM BANK OF INDIA 9,70,000

TOTAL 11,50,500
 PROJECTED PROFITABILITY STATEMENT

DESCRIPTION YEAR-1 YEAR-2 YEAR-3 YEAR-4 YEAR-5

INCOME :

Professional Receipts 14,22,000 15,54,300 16,99,340 17,84,302 18,73,517

TOTAL 14,22,000 15,54,300 16,99,340 17,84,302 18,73,517

EXPENDITURE:

Professional Fee 5,14,100 5,79,000 6,51,700 6,99,800 7,51,100

Adminstrative Expenses 1,67,796 1,83,408 2,00,520 1,99,840 1,87,352
Salaries & Wages 3,06,000 3,24,000 3,78,000 4,14,000 4,50,000
Repairs & Maintenance 11,400 12,600 13,800 15,000 17,400
Depreciation 86,288 1,59,632 1,35,687 1,15,334 98,034

TOTAL 10,85,584 12,58,640 13,79,707 14,43,974 15,03,886

PROFIT BEFORE INTEREST & TAX 3,36,417 2,95,660 3,19,633 3,40,328 3,69,631

Interest on Term Loan 1,01,388 83,242 62,946 40,246 14,855

PROFIT BEFORE TAX 2,35,029 2,12,418 2,56,687 3,00,082 3,54,776

Less: Provision for Tax (Ref Note:1) - - - - -

PROFIT AFTER TAX 2,35,029 2,12,418 2,56,687 3,00,082 3,54,776

Add: Depreciation 86,288 1,59,632 1,35,687 1,15,334 98,034

NET CASH ACCRUALS 3,21,316 3,72,049 3,92,374 4,15,416 4,52,810

Note: The Income is below the taxable limit. Hence Tax on Income will be NIL.

" Compiled, based on the Data provided to us"

 PROJECTED BALANCE SHEET

DESCRIPTION YEAR-1 YEAR-2 YEAR-3 YEAR-4 YEAR-5

LIABILITIES :

Capital 3,55,529 4,95,946 6,73,433 8,86,395 11,45,339

Term Loan - Bank of 8,16,852 6,45,559 4,53,970 2,39,680 -

India Current Liabilities 73,500 81,400 93,200 96,400 91,500

TOTAL 12,45,881 12,22,905 12,20,603 12,22,475 12,36,839

ASSETS :

Fixed Assets 10,64,213 9,04,581 7,68,894 6,53,560 5,55,526

Advances, Deposits 40,000 48,500 54,900 59,400 64,400

Other Current Assets 33,500 32,900 38,300 37,000 27,100

Cash & Bank 1,08,169 2,36,925 3,58,509 4,72,516 5,89,813

12,45,881 12,22,905 12,20,603 12,22,475 12,36,839

Balances
 DEBT SERVICE COVERAGE RATIO

DESCRIPTION YEAR-1 YEAR-2 YEAR-3 YEAR-4 YEAR-5

Profit after 2,35,029 2,12,418 2,56,687 3,00,082 3,54,776

tax 86,288 1,59,632 1,35,687 1,15,334 98,034

Depreciation 1,01,388 83,242 62,946 40,246 14,855

Interest on Term Loan 4,22,704 4,55,292 4,55,320 4,55,662 4,67,665

REPAYMENT OBLIGATIONS : 1,53,148 1,71,293 1,91,589 2,14,290 2,39,680

Term Loan - Principal 1,01,388 83,242 62,946 40,246 14,855

2,54,535 2,54,535 2,54,535 2,54,535 2,54,535

Repayment Interest on Term

Loan
1.66 1.79 1.79 1.79 1.84

1.77
Debt Service Coverage Ratio

Average Debt Sevice Coverage Ratio

REPAYMENT SCHEDULE OF TERM LOAN & INTEREST CALCULATION

Amount of Term Loan in Rs. 9,70,000

Number of Installments 60

Monthly Installment - EMI 21,211

Rate of Interest 11.25%

PARTICULARS YEAR-1 YEAR-2 YEAR-3 YEAR-4 YEAR-5

Opening Balance - 8,16,852 6,45,559 4,53,970 2,39,680

Add: Loan Availed 9,70,000 - - - -

Interest 1,01,388 83,242 62,946 40,246 14,855

Principal Repayment 1,53,148 1,71,293 1,91,589 2,14,290 2,39,680

Closing balance 8,16,852 6,45,559 4,53,970 2,39,680 -

 BASIS OF CALCULATIONS FOR PROJECTED PROFITABILITY STATEMENT

1 INCOME FROM OPERATIONS YEAR-1 YEAR-2 YEAR-3 YEAR-4 YEAR-5

MUSIC CLASS RECEIPTS

12,24,000 13,46,400 14,81,040 15,55,092 16,32,847
ALBUM RECEIPTS
1,98,000 2,07,900 2,18,300 2,29,210 2,40,670

PROFESSIONAL RECEIPTS 14,22,000 15,54,300 16,99,340 17,84,302 18,73,517

2 PROFESSIONAL FEE YEAR-1 YEAR-2 YEAR-3 YEAR-4 YEAR-5

TOTAL COST OF PROFESSIONAL FEE 5,14,100 5,79,000 6,51,700 6,99,800 7,51,100

3 ADMINSTRATIVE EXPENSES YEAR-1 YEAR-2 YEAR-3 YEAR-4 YEAR-5

TOTAL COST OF ADMIN 1,67,796 1,83,408 2,00,520 1,99,840 1,87,352

4 SALARIES & WAGES

PARTICULARS
YEAR-1 YEAR-2 YEAR-3 YEAR-4 YEAR-5

NO OF EMPLOYEES
 3 3 3 3 3

AVERAGE SALARY PER MONTH 8,500 9,000 10,500 11,500 12,500

SALARIES & WAGES 3,06,000 3,24,000 3,78,000 4,14,000 4,50,000

5 REPAIRS & MAINTENANCE

PARTICULARS YEAR-1 YEAR-2 YEAR-3 YEAR-4 YEAR-5

REPAIRS & MAINTENANCE 11,400 12,600 13,800 15,000 17,400

6 DEPRECIATION

PARTICULARS YEAR-1 YEAR-2 YEAR-3 YEAR-4 YEAR-5

Depreciation @ 15 % 86,288 1,59,632 1,35,687 1,15,334 98,034

MUSICAL EQUIPMENTS 11,50,500
Opening balance 10,64,213 9,04,581 7,68,894 6,53,560
Closing WDV 10,64,213 9,04,581 7,68,894 6,53,560 5,55,526

TOTAL DEPRECIATION 86,288 1,59,632 1,35,687 1,15,334 98,034

Closing WDV 10,64,213 9,04,581 7,68,894 6,53,560 5,55,526