(All figures are in lacs)

Cost of Project
A). Land & Site Development
B). Buildings & Civil works

C). Plant & Machinery

D).Miscellaneous Fixed asset
E).Premilary Expense
G).Pre-Operative Expense
H).Conteingencies
I).Margin Money for working capital 1st year
Total Cost of project

(All figures are in lacs)

Cost of Project
Contents

). Land & Site Development

Basic Cost
). Buildings & Civil works
Buildings
Site Development
). Plant & Machinery
D).Miscellaneous Fixed asset
).Premilary Expense
Public Issue Expense
).Pre-Operative Expense
H).Conteingencies
.Margin Money for working capital 1st year
otal Cost of project

Sources of Fund (in lac

Amount
20.47
20.47
77.84
64.00
13.84
214.00
238.00
16.50
16.50
69.50
35.09
49.34
720.74

Contents
Debt
Equity
Shareholder contribution
Total

ces of Fund (in lacs)

d/E RATIO
Amount
175.00
365.00
180.74
720.74

0.321
175.14

Minm Contribution
180.1856006944

545.74
54.5742402778
81.8613604167
Conteingencies
Firm Items
Contengencies @ 5%
Building & Site development
77.84
3.892
Plant & Machinery
214.00
10.7
Miscellaneous Fixed asset
238.00
11.9
Total
26.492
Non Firm Item
Contengencies @ 10%
Public Issue Expense
16.50
1.65
Pre-Operative Expense
69.50
6.95
Total
8.6
Total Contengencies
35.092

Initial cash Flow

(All figures are in lacs)

Cash flows from long-term funds point
Year 0
#REF!

Operating cash flow

(+) PAT
(+)
(+)
(+)
Less

Interest on term Loan (1-T), tax rate=33%

Depreciation
Preminary Expenses
Increase in WC Margin

Terminal cash Flow

(+) Net salvage value of fixed assets
(+) Net salvage value of WC margin

TOTAL

#REF!

es are in lacs)
-term funds point of view
Year 1
Year 2

Year 3

Year 4

Year 5

72.62

87.36

124.35

123.83

124.16

23.45
39.53
2.75
0.00

20.52
39.53
2.75
8.14

15.83
39.53
2.75
16.28

11.14
39.53
2.75
0.03

6.45
39.53
2.75
0.03

#REF!
73.83

138.35 142.02 166.19 177.22

#REF!

Salvage value of fixed assets

Category
Book value
Land
#REF!
93.21
Building & Civil Works
256.24
Plant & Machinery
Miscellaneous Fixed
Assets
284.98
Total

Depreciation Terminal Value

0.00
#REF!
13.98
79.22
140.93
115.31
42.75
197.66

242.23
#REF!

Particulars\Years
Sales
Variable Expenses
Raw Material
Consumables
Power
Repairs
Wages ( 5% increase, 3rd year)
Contengencies (@5%)
Total variable Expenses
Fixed Expenses
Administrative OH
Salaries( 5% increase, 3rd year)
Selling Expenses( @ 3% of sales)
Total Fixed Expense
OPBIDT
Less: Depreciation
OPBIT
Less: Financial Charges
Interest on working capital
Interest on term loan
Total Financial charges
OPBT
Preliminary Expenses Written off ( in 5 years)
PBT
Provision for tax (@ 35%)
PAT
Dividends
RE

(All figures are in lacs)

Year 1
831.006
519.540
1.998
43.200
12.88
9.33
3.27
590.22
22.00
7.33
24.93
54.26
186.52
39.53
146.99
31.08
35.00
66.08
80.90
2.75
78.15
5.53
72.62
0
72.62

s are in lacs)
Year 2
Year 3
Year 4
Year 5
Year 6
969.507
1246.509
1246.509
1246.509
1246.509
606.130
2.331
48.400
14.81
10.89
3.70
686.26

779.310
2.997
58.800
19.32
14.00
4.61
879.03

779.310
2.997
58.800
19.32
14.70
4.64
879.77

779.310
2.997
58.800
19.32
15.44
4.68
880.54

779.310
2.997
58.800
19.32
16.21
4.72
881.35

25.00
8.56
29.09
62.64
220.60
39.53
181.07

30.00
11.00
37.40
78.40
289.08
39.53
249.55

30.00
11.55
37.40
78.95
287.80
39.53
248.26

30.00
12.13
37.40
79.52
286.45
39.53
246.91

30.00
12.73
37.40
80.13
285.03
39.53
245.50

36.21
46.47
46.49
46.51
46.54
30.63
23.63
16.63
9.63
2.63
66.84
70.09
63.12
56.14
49.16
114.23
179.45
185.15
190.78
196.34
2.75
2.75
2.75
2.75
2.75
111.48
176.70
182.40
188.03
193.59
24.13
52.35
58.57
63.87
68.46
87.36
124.35
123.83
124.16
125.13
54.57 81.8613604 81.8613604 81.8613604 81.8613604
32.78
42.49
41.97
42.30
43.27

(All figures are in lacs)

WACC
Cost of Equity
Cost of debt

15.00%
20.00%

Equity
Debt
Tax
NPV
Cash Flows

#REF!
#REF!
33%

#REF!
#REF!

Year 0
Year 1
Year 2
#REF! 138.35 142.02
NPV

#REF! IRR

are in lacs)

WACC

#REF!

Year 3
Year 4
Year 5
166.19 177.22
#REF!
#REF!

PAT
Depreciation
Premiliary Expense
Total
Interest on Term Loan
Principal repayed
Total
DSCR

Calculation of DS
Year 1
72.62
39.53
2.75
114.90
35.00
0.00
35.00
3.28

Calculation of DSCR
Year 2
Year 3
87.36
124.35
39.53
39.53
2.75
2.75
129.64
166.64

Year 4
123.83
39.53
2.75
166.11

Year 5
124.16
39.53
2.75
166.44

8.31
8.75
17.06

7.88
8.75
16.63

7.44
8.75
16.19

7.00
8.75
15.75

7.60

10.02

10.26

10.57

SL.No. Category
1
PVC pipe 90mm
2
PVC Pipe 110mm

Selling Price(per Meter)

100.00
150.00

Year on Growth
6%
6%

Product/Year
Production (tpa)
S/P Per Tonn
Total Sales(a)
Total Sales
Total Sales ( in lacs)

Year 1
59400
1399.00
83100600.00
83100600.00
831.01

Year
Capicity Utilization

Cement

Year 1

Year 2
60%

70%

Installed Capacity (100%)

99000 tpa

Year 2

Year 3

Year 4

69300
1399.00
96950700.00

89100
1399.00
124650900.00

89100
1399.00
124650900.00

96950700.00
969.51

124650900.00
1246.51

124650900.00
1246.51

Year 3

Year 4
90%

Year 5

90%

Year 6

89100
1399.00
124650900.00

89100
1399.00
124650900.00

124650900.00
1246.51

124650900.00
1246.51

Year 5
90%

Year 6
90%

Raw Material Requirement @ 100% Capacity (

SL.No.
Material
1
Clincker
2
Slag
3
Gypsum

SL.No.
1
2
3

Raw Material Requirement @ 60% Ca

Material
Clincker
Slag
Gypsum

Raw Material Requirement @ 70% Capacity (9

SL.No.
Material
1
Clincker
2
Slag
3
Gypsum

Raw Material Requirement @ 90% Capacity (9

SL.No.
Material
1
Clincker
2
Slag
3
Gypsum

Requirement @ 100% Capacity (99000tpa)

Quantity(in lakh tonnes) Rate (/tonn)
0.6

1,130.00
0.41

300.00
0.59

110.00

Material Requirement @ 60% Capacity (99000tpa)

Quantity(in lakh tonnes) Rate (/tonn) Total (in lackhs)
0.36

1,130.00
406.80
0.246

300.00
73.80
0.354

110.00
38.94
Total (in lackhs)
519.54

Requirement @ 70% Capacity (99000tpa)

Total (in lackhs)
Quantity(in lakh tonnes) Rate (/tonn)
0.42

1,130.00
474.60
0.287

300.00
86.10
0.413

110.00
45.43
Total (in lackhs)
606.13
Requirement @ 90% Capacity (99000tpa)
Total (in lackhs)
Quantity(in lakh tonnes) Rate (/tonn)
0.54

1,130.00
610.20
0.369

300.00
110.70
0.531

110.00
58.41
Total (in lackhs)
779.31

Year
Capicity Utilization

Raw Material(in lacs)

Consumables @ 100% (lacs)

Consumables (lacs)

Year 1
60%

Year 2
70%

Year 3
90%

Year 1

Year 2

Year 3

519.54

606.13

779.31

3.33

Year 1

Year 2
1.998

Year 3
2.331

2.997

Year 4
90%

Year 5
90%

Year 4

Year 5
779.31

Year 4

Year 6
90%

Year 6
779.31 779.31

Year 5
2.997

Year 6
2.997

2.997

AT 100% Capacity

Fixed Charges
Energy Charges

12.00
52.00

Year
Capicity Utilization

Year 1
Fixed Charges
Energy charges
Total Power Cost
Total Power Cost (lacs)

12.00
31.20
43.20
43.20

Year 1
60%

Year 2
70%

Year 3
90%

Year 4
90%

Year 2

Year 3

Year 4

Year 5

12.00
36.40
48.40

12.00
46.80
58.80

12.00
46.80
58.80

12.00
46.80
58.80

48.40

58.80

58.80

58.80

Year 5
90%

Year 6
12.00
46.80
58.80
58.80

Year 6
90%

Sl. No.
1
2
3
4
5
6
7

Designation
Manager
Chemist
Clerk cum typist
Accountant
Storekeeper
Skilled workers
Peon cum watchman

Wages ( In Lacs)

No.

Salary
1
1
2
1
2
5
2

Total salary

120,000.00 120,000.00
84,000.00
84,000.00
72,000.00 144,000.00
72,000.00
72,000.00
60,000.00 120,000.00
48,000.00 240,000.00
36,000.00
72,000.00
Total
852,000.00
Total(in lacs)
8.52
YoY growth
5%

Year 2015
Year 2016
Year 2017
8.52
8.95
9.39

Year 2018
Year 2019
9.86
10.36

(All figures

Allocation of Pre-opera
Assets
Costs
a). Buildings & Site Development
77.84
b).Plant & Machienry
214.00
c).Miscellaneous Fixed asset
238.00
Total
529.84

Pre-Operative Expense
Conteingencies

69.50
35.09

Depreciation as
Year 1
a). Buildings & Civil works
b).Plant & Machienry
c).Miscellaneous Fixed asset
Total

2.80
28.19
8.55
39.53

Depreciation as p
Year 1
a). Buildings & Civil works
b).Plant & Machienry
c).Miscellaneous Fixed asset
Total

9.32
64.06
28.50
101.88

(All figures are in lacs)

ocation of Pre-operative & Conteingencies

% in total
Pre-Operative Expense Conteingencies
0.15
10.21
5.16
0.40
28.07
14.17
0.45
31.22
15.76
1.00
69.50
35.09

Depreciation as per Companies Act ( SLM)

Year 2
Year 3
Year 4
2.80
2.80
28.19
28.19
8.55
8.55
39.53
39.53

2.80
28.19
8.55
39.53

Depreciation as per Income tax Act ( WDM)

Year 2
Year 3
Year 4
8.39
7.55
48.05
36.03
25.65
23.08
82.08
66.67

6.79
27.03
20.78
54.60

Total
93.21
256.24
284.98

Year 5

Year 6
2.80
2.80
28.19 28.19
8.55
8.55
39.53 39.53

Year 5

Year 6
6.12
5.50
20.27 15.20
18.70 16.83
45.08 37.53

Depreciation Rates
Particulars
As per Companies Act
As per Income Tax

Buildings
3.00%
10%

Machinery Miscellaneous Fixed Assets

11.00%
3.00%
25%
10%

(All figures are in lac

Working Capital Require
Particulars
Period Year 1
Raw materials
2.0
86.59
Consumables
2.0
0.33
Work in Progress
0.50
24.46
Finished Goods
1.0
51.36
Creditors
0.50
34.63
TOTAL
197.36
Bank Finance (75%)
148.02
Margin Money(25%)
49.34

Money
Interest

Interest On working ca
Year 1
Year 2
148.02
172.44
31.08
36.21

(All figures are in lacs)

rking Capital Requirement
Year 2
Year 3
Year 4
Year 5
Year 6
101.02
129.89
129.89
129.89 129.89
0.39
0.50
0.50
0.50
0.50
28.44
36.43
36.46
36.49
36.53
59.68
76.29
76.39
76.50
76.61
40.40
51.94
51.94
51.94
51.94
229.92
295.04 295.18 295.32 295.46
172.44
221.28 221.38 221.49 221.60
57.48
73.76
73.79
73.83 73.87

terest On working capital

Year 3
Year 4
Year 5
Year 6
221.28
221.38
221.49
221.60
46.47
46.49
46.51
46.54

Bank standard Loan rate for Working Capital

21.00%

Standard Bank Interest rate

Repayment
Year

20%

Year 1
35.00

(figures are i
Repayment & Intere
Year 1
Amount
Repayed
Interest

175.00
0.00
35.00

Year 2
Year 3
Year 4
Year 5
Year 6
30.63
23.63
16.63
9.63
2.63

(figures are in lacs)

yment & Interest schedule
Year 2
Q1
Q2
Q3
Q4
Q5
175.00
166.25
157.50 148.75 140.00
8.75
8.75
8.75
8.75
8.75
8.31
7.88
7.44
7.00
6.56

Year 3

Year 3
Year 4
Q6
Q7
Q8
Q9
Q10
Q11
131.25 122.50 113.75 105.00
96.25
87.50
8.75
8.75
8.75
8.75
8.75
8.75
6.13
5.69
5.25
4.81
4.38
3.94

Year 5
Year 6
Q12
Q13
Q14
Q15
Q16
Q17
Q18
78.75 70.00 61.25 52.50 43.75 35.00 26.25
8.75 8.75 8.75 8.75 8.75 8.75 8.75
3.50 3.06 2.63 2.19 1.75 1.31 0.88

Year 6
Q19
Q20
17.50 8.75
8.75 8.75
0.44 0.00

Year
PBT
Add Dep. (SLM)
Less Dep( WDV)
Less Unabsorbed losses
Taxable Income
Tax @35%
Total

(figures are in
Computation of Tax
Year 1
78.15
39.53
101.88
0.00
15.81
5.53
5.53

(figures are in lacs)

omputation of Tax (in lacs)
Year 2
Year 3
Year 4
Year 5
Year 6
111.48
176.70
182.40
188.03 193.59
39.53
39.53
39.53
39.53
39.53
82.08
66.67
54.60
45.08
37.53
0.00
0.00
0.00
0.00
0.00
68.93
149.57
167.33
182.48 195.59
24.13
52.35
58.57
63.87
68.46
24.13
52.35
58.57
63.87 68.46