Marathon Tea Company Pvt. Ltd. Ashram Para, Siliguri Annexure-1

Prepared by: CA Rajib Deb,
Chartered Accountants
MARATHON TEA COMPANY PVT. LTD.

ASHRAM PARA, SILIGURI Annexure-1
CAPITAL INVESTMENT AND MEANS OF FINANCE Rs. In Lakh
SL. NO. PARTICULARS SCHEDULE Project cost Promoter's constribution Bank Finance DE Ratio
Amount Amount % Amount %
1 LAND AND LAND DEVELOPMENT: 1.25 1.25 100% - 0% -
2 SHED AND BUILDING: 170.00 69.00 40% 101.00 59% 1.46
3 PLANT AND MACHINERY: S 208.76 51.76 25% 157.00 75% 3.03

C
4 ELECTRICAL INSTALLATION: H 49.92 12.92 25% 37.00 74% 2.86
E
5 MISC. FIXED ASSETS: D 6.06 1.06 25% 5.00 83% 4.73
U
6 PRELIMINARY AND PRE-OPERATIVE EXP. L 8.25 8.25 100% - 0% -
CAPITAL COST excl IDCP E 444.24 144.24 32% 300.00 68% 2.08
7 IDCP ( Interest during construction period) I 24.00 24.00 100% - 0% -

TOTAL CAPITL COST 468.24 168.24 36% 300.00 64% 1.78
8 Margin for Working Capital 32.81 32.81 100% - 0% -
9 Margin for BG & Service Connection Charge 10.75 10.75 100% - 0% -

10 Total Cost of Project 511.80 211.80 41% 300.00 59% 1.42
11 Total Working Capital (Exc. Margin) 100.00 - 0% 100.00 100%

12 TOTAL CAPITAL OUTLAY 611.80 211.80 35% 400.00 65% 1.89
J. OTHER INVESTMENT:
13 Projec Debt-Equity Ratio
NON-FUND - - - 17.00
J. OTHER INVESTMENT:
TOTAL EXPOSURE 611.80 211.80 - 417.00 1.97

- 1 2 3 4 5 6 7 8
PROJECTED PROFIT AND LOSS ACCOUNT Rs. In Lakh

2018 2019 2020 2021 2022 2023 2024 2025 2026
2019 2020 2021 2022 2023 2024 2025 2026 2027
SL. NO. PARTICULARS 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED
A. GROSS REALISATION: 75.95 302.01 393.36 426.69 461.21 496.93 513.53 523.80 534.28
LESS: GST : - - - - - - - - -
NET REALISATION: 75.95 302.01 393.36 426.69 461.21 496.93 513.53 523.80 534.28
B. RAW MATERIALS: 35.25 128.41 139.71 151.41 163.53 176.06 179.58 183.18 186.84
C. PACKING MATERIALS CONSU.: 1.06 4.17 5.32 5.71 6.06 6.40 6.48 6.48 6.48
;
D. LABOUR WAGES: 5.15 16.65 17.49 18.36 19.28 20.24 21.25 22.32 23.43
E. POWER AND FUEL: 12.24 51.90 55.27 58.64 62.02 65.39 65.39 65.39 65.39
F. OTHER DIRECT EXPENSES: 1.67 14.25 15.68 17.24 17.89 19.68 21.61 23.74 26.08
G. DEPRECIATION: 16.00 47.02 41.13 36.09 31.73 27.96 24.68 21.86 19.39
SUB-TOTAL: 71.37 262.40 274.60 287.46 300.50 315.73 319.00 322.96 327.61
OPENING WORK IN PROCESS: 0.11 0.42 0.45 0.49 0.53 0.57 0.58 0.59
SUB-TOTAL: 71.37 262.51 275.02 287.91 300.99 316.26 319.57 323.54 328.20
CLOSING WORK IN PROCESS: 0.11 0.42 0.45 0.49 0.53 0.57 0.58 0.59 0.61
SUB-TOTAL: 71.25 262.09 274.56 287.42 300.46 315.69 318.99 322.95 327.60
COST OF PRODUCTION: 71.25 262.09 274.56 287.42 300.46 315.69 318.99 322.95 327.60
Page,,,,,,,,1 Contd……Page….2

PROJECTED PROFIT AND LOSS ACCOUNT Rs. In Lakh
G. OPENING FINISHED GOODS INV.: - 16.38 59.24 65.76 70.88 75.91 81.36 83.74 86.20
SUB-TOTAL: 71.25 278.48 333.80 353.18 371.34 391.60 400.35 406.69 413.80
CLOSING FINISHED GOODS INV.: 16.38 59.24 65.76 70.88 75.91 81.36 83.74 86.20 88.78
SUB-TOTAL: 54.87 219.24 268.05 282.30 295.43 310.23 316.61 320.49 325.02
H. COST OF GOODS SOLD: 54.87 219.24 268.05 282.30 295.43 310.23 316.61 320.49 325.02
I. SELLING AND ADM. EXP. 11.17 25.22 33.59 36.49 39.52 42.68 45.80 48.99 52.35
J. INTEREST:
- On Term Loan: 7.06 25.53 20.30 15.05 9.78 4.64 0.36 - -
- On Working Capital Loan: 0.83 5.75 9.12 9.12 9.12 9.12 9.12 9.12 9.12
- On Other Loan:
SUB-TOTAL: 7.89 31.28 29.42 24.17 18.90 13.76 9.48 9.12 9.12
K. OPERATING PROFIT: 2.01 26.28 62.30 83.73 107.36 130.25 141.65 145.20 147.79
OTHER INCOME:
PRELIMINARY EXP. W-OFF: 0.30 0.30 0.30 0.30 0.30
L. PROFIT BEFORE TAX (PBT): 1.71 25.98 62.00 83.43 107.06 130.25 141.65 145.20 147.79
DEFERRED TAX ASSE.(LIAB.)
PROVISION FOR INCOME TAX 0.43 6.49 15.50 20.86 26.76 32.56 35.41 36.30 36.95
M. PROFIT AFTER TAX (PAT): 1.28 19.48 46.50 62.57 80.29 97.69 106.24 108.90 110.84
DRAWINGS/DIVIDEND: - - 5.00 7.00 8.00 9.00 10.00
N. RETAINED PROFIT: 1.28 19.48 46.50 62.57 75.29 90.69 98.24 99.90 100.84
O. CASH PROFIT(CASH GENER.): 17.28 66.50 87.63 98.66 107.02 118.65 122.92 121.76 120.23
Page,,,,,,,,2

PROJECTED BALANCE SHEET Rs. In Lakh
SL. NO. SOURCES OF FUND: 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
CONST. PERIOD PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED
A. SHORT TERM BANK BORROWINGS:

- From Bank: - 26.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
- From Others:
SUB-TOTAL: - 26.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
B. CURRENT LIABILITIES:
- Sundry Creditors - 0.68 2.47 2.68 2.90 14.14 24.38 35.44 38.51 27.58
- Advance from Customers -
- Other Current Liabilities - 2.00 2.20 7.42 8.16 8.98 9.88 10.86 11.95 13.14
- Provision fof Taxes - 0.43 6.49 15.50 20.86 26.76 32.56 35.41 36.30 36.95
- Term Loan Installment repayable within 1yr. - 54.60 54.60 54.60 54.60 54.60 22.45 - - -
SUB-TOTAL: - 57.71 65.76 80.20 86.52 104.48 89.27 81.72 86.76 77.68
C. TERM LIABILITIES:
- Term Loan from Bank 300.00 240.85 186.25 131.65 77.05 22.45 - - - -
- Term Loan from Financial Institution - - - - - - - - - -
- Term Loan from Othres 50.00 91.80 91.80 91.80 91.80 91.80 91.80 91.80 91.80 91.80
SUB-TOTAL: 350.00 332.65 278.05 223.45 168.85 114.25 91.80 91.80 91.80 91.80
D. TOTAL OUT SIDE LIABILITIES: 350.00 416.36 443.81 403.65 355.37 318.73 281.07 273.52 278.56 269.48

SL. NO. SOURCES OF FUND: 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
E. NET WORTH:
- Capital: 100.00 120.00 120.00 120.00 120.00 120.00 120.00 120.00 120.00 120.00
- General Reserve:
- Revaluation Reserve:
- Balance of Profit and Loss Acc.: 1.28 20.77 67.27 129.84 205.13 295.82 394.06 493.95 594.80
- Govt. Subsidy: - - - - - - - - - -
- Others:
- Deferred Tax Liability:
SUB-TOTAL: 100.00 121.29 140.77 187.27 249.84 325.13 415.82 514.06 613.96 714.80
F. TOTAL LIABILITIES: 450.00 537.64 584.58 590.92 605.22 643.86 696.89 787.58 892.52 984.28

SL. NO. APPLICATION OF FUND: 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
E. CURRENT ASSETS:
Cash, Bank, Receivables:
- Cash and Bank Balance: 10.00 25.78 12.07 18.87 48.56 96.44 163.62 262.40 380.06 483.58
- Fixed Deposits with Banks: - - - - - - - - - -
- Receivables: - 18.73 74.47 96.99 105.21 113.72 113.72 122.53 126.62 129.16
Inventory:
- Raw Materials: - 0.10 0.35 0.38 0.41 0.45 0.48 0.49 0.50 0.51
- Stock in Process: - 0.11 0.42 0.45 0.49 0.53 0.57 0.58 0.59 0.61
- Finished Goods: - 16.38 59.24 65.76 70.88 75.91 81.36 83.74 86.20 88.78
- Consumables & Packning Mate.: - 0.67 1.47 1.80 1.93 2.01 2.15 2.23 2.30 2.37
Other Current Assets:

- Advance to Suppliers: - 14.00 15.00 17.00 18.00 20.00 21.00 22.00 22.00 22.00
- Advance Payment of Tax: - 0.43 6.49 15.50 20.86 26.76 32.56 35.41 36.30 36.95
- Other Current Assets: - 9.50 10.45 10.97 12.07 13.28 14.60 16.06 17.67 19.44
SUB-TOTAL: 10.00 85.70 179.96 227.73 278.41 349.09 430.07 545.45 672.25 783.39
F. FIXED ASSETS:
- Gross Block: 425.00 466.74 466.74 466.74 466.74 466.74 466.74 466.74 466.74 466.74
- Less:Depreciation: - 16.00 63.02 104.15 140.24 171.97 199.93 224.61 246.47 265.86
NET BLOCK: 425.00 450.74 403.72 362.59 326.50 294.77 266.81 242.13 220.27 200.88

SL. NO. APPLICATIO: 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
G. NON CURRENT ASSETS:

- Investment to Sister Concern:
- Investment Outside to Business: - - - - - - - - - -
- Advance for Capital Goods:
- Others:-Security Deposit - - - - - - - - - -
SUB-TOTAL: - - - - - - - - - -
H. INTANGIBLE ASSETS:
- Preliminary and Pre-op Exp.: 15.00 1.20 0.90 0.60 0.30 -
- Patent , Goodwill etc.:
- Others:
SUB-TOTAL: 15.00 1.20 0.90 0.60 0.30 - - - - -
I. TOTAL ASSETS: 450.00 537.64 584.58 590.92 605.22 643.86 696.89 787.58 892.52 984.28
Page,,,,,,,,6

PROJECTED CASHFLOW STATEMENT Rs. In Lakh
SL. NO. CASH IN FLOW 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
A. CASH IN FLOW FROM OPERATING ACTIVITY:

- Net Profit + Interest - 9.60 57.25 91.42 107.60 125.96 144.01 151.13 154.32 156.91
- Depreciation added - 16.00 47.02 41.13 36.09 31.73 27.96 24.68 21.86 19.39
- Exp. W-off - 0.30 0.30 0.30 0.30 0.30 - - - -
- inc./Decrease in Receivable - (18.73) (55.74) (22.52) (8.22) (8.51) - (8.81) (4.09) (2.53)
- Inc./Decrease in RM Inventory - (0.10) (0.25) (0.03) (0.03) (0.03) (0.03) (0.01) (0.01) (0.01)
- Inc./Decrease in SIP Inventory - (0.11) (0.31) (0.04) (0.04) (0.04) (0.04) (0.01) (0.01) (0.01)
- Inc./Decrease in FG Inventory - (16.38) (42.86) (6.52) (5.12) (5.03) (5.46) (2.38) (2.46) (2.58)
- Inc./Decrease in Cons./Pack. Mat. Inventory - (0.67) (0.80) (0.33) (0.13) (0.08) (0.14) (0.08) (0.07) (0.07)
- Inc./Decrease in Other Curr. Asst. - (23.50) (1.95) (2.52) (2.10) (3.21) (2.33) (2.46) (1.61) (1.77)
- Inc./Decrease in Other Curr. Liab. - 2.68 1.99 5.43 0.97 12.05 11.14 12.05 4.16 (9.73)
Sub Total: - (30.91) 4.66 106.33 129.32 153.14 175.11 174.11 172.09 159.59
B. CASH IN FLOW FROM OTHERS:

- Increase in Capital 100.00 20.00 - - - - - - - -
- Term Loan 300.00 - - - - - - - - -
- Unsecured Loan 50.00 41.80
- Subsidy
- Inc./Dec. in Working Cap. Fiin. - 26.00 74.00 - - - - - - -
TOTAL CASH IN FLOW: 450.00 56.89 78.66 106.33 129.32 153.14 175.11 174.11 172.09 159.59

PROJECTED CASHFLOW STATEMENT Rs. In Lakh
SL. NO. CASH OUT FLOW 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
A. INTEREST PAYMENT: - 7.89 31.28 29.42 24.17 18.90 13.76 9.48 9.12 9.12
B. ADVANCE INCOME TAX: - 0.43 6.49 15.50 20.86 26.76 32.56 35.41 36.30 36.95
C. FIXED ASSETS: 425.00 10.99 - - - - - - - -
D. PRELIMINARY / PRE-OP EXP.: 15.00 17.25
D. INVESTMENT: - - - - - - -
E. REPAYMENT OF LOANS:
- Term Loan - 4.55 54.60 54.60 54.60 54.60 54.60 22.45 - -
- Other Term Loan - - - - - - - - - -
- Unsecured Loan
- Other Loan
F. DIVIDEND / DRAWINGS: - - - - - 5.00 7.00 8.00 9.00 10.00
G. OTHERS:
Non Current Assets - - - - - - - - -
TOTAL CASH IN FLOW: 440.00 41.11 92.37 99.52 99.63 105.26 107.92 75.34 54.42 56.07
OPENING CASH AND BANK: - 10.00 25.78 12.07 18.87 48.56 96.44 163.62 262.40 380.06
SURPLUS / DEFICIT: 10.00 15.78 (13.71) 6.81 29.69 47.87 67.19 98.77 117.67 103.52
CLOSING CAHS BALANCE: 10.00 25.78 12.07 18.87 48.56 96.44 163.62 262.40 380.06 483.58
Page,,,,,,,,8

PROJECTED FUNDFLOW STATEMENT Rs. In Lakh
SL. NO. SOURCES 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
A. NET PROFIT [After Tax ]: 1.28 19.48 46.50 62.57 80.29 97.69 106.24 108.90 110.84
B. DEPRECIATION & W-OFF: 16.30 47.32 41.43 36.39 32.03 27.96 24.68 21.86 19.39
C. INCREASE IN CAPITAL: 20.00 - - - - - - - -
D. INCREASE IN TERM LIABILITIES: 301.00 - - - - - - - -
D. DECREASE IN FIXED ASSETS: - - - - - - - - -
E. DECREASE IN NON CURRENT ASSETS: - - - - - - - - -
E. DECREASE OTHERS:
TOTAL: 338.59 66.80 87.93 98.96 112.32 125.65 130.92 130.76 130.23
USES ;
A. NET LOSS: - - - - - - - - -
B. DECREASE IN TERM LIABILITIES: 4.55 54.60 54.60 54.60 54.60 54.60 22.45 - -
C. INCREASE IN FIXED ASSETS: 41.74 - - - - - - - -
D. INCREASE IN NON CURRENT ASSETS: - - - - - - - - -
E. DIVIDEND / DRAWINGS: - - - - 5.00 7.00 8.00 9.00 10.00
F. OTHERS:
TOTAL: 46.29 54.60 54.60 54.60 59.60 61.60 30.45 9.00 10.00

PROJECTED FUNDFLOW STATEMENT Rs. In Lakh
SL. NO. CASH OUT FLOW 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
A. LONG TERM SURPLUS / (DEFICIT): 292.29 12.20 33.33 44.36 52.72 64.05 100.47 121.76 120.23
B. INCREASE / DECREASE IN CURR. ASST. 75.70 94.26 47.77 50.69 70.68 80.98 115.37 126.80 111.15
C. INCREASE / DECREASE IN CURR. LIAB. 3.11 8.06 14.44 6.32 17.96 (15.21) (7.55) 5.04 (9.09)
D. INCREASE / DECREASE IN WC GAP. 72.59 86.20 33.33 44.36 52.72 96.20 122.92 121.76 120.23
D. NET SURPLUS/ (DEFICIT): 219.70 (74.00) - - - (32.15) (22.45) - -
E. INCREASE / DECREASE IN BANK

BORROWINGS: 26.00 74.00 - - - - - - -
BREAK UP OF INC./DEC. CURR. ASST.

Increase/ Decreas in Raw Materials 0.10 0.25 0.03 0.03 0.03 0.03 0.01 0.01 0.01
Increase/ Decreas in Work in Process 0.11 0.31 0.04 0.04 0.04 0.04 0.01 0.01 0.01
Increase/ Decreas in Finished Goods 16.38 42.86 6.52 5.12 5.03 5.46 2.38 2.46 2.58
Increase/ Decreas in Stores and Spares 0.67 0.80 0.33 0.13 0.08 0.14 0.08 0.07 0.07
Increase/ Decreas in Receivables 18.73 55.74 22.52 8.22 8.51 - 8.81 4.09 2.53
Increase/ Decreas in Other Current Assets 39.71 (5.70) 18.33 37.14 56.99 75.31 104.08 120.16 105.94
75.70 94.26 47.77 50.69 70.68 80.98 115.37 126.80 111.15
Page,,,,,,,,10

SENSITIVITY ANALYSIS Rs. In Lakh
SL. NO. FUND FLOW 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
5%
A. 5% INCREASE IN VARIABLE COST:
A. Net Sales 75.95 302.01 393.36 426.69 461.21 496.93 513.53 523.80 534.28
B. Variable Expenses 42.25 175.41 237.47 257.62 276.40 295.76 305.99 313.03 320.32
C. Contribution 33.69 126.60 155.89 169.07 184.81 201.17 207.55 210.78 213.96
D. Fixed & Semi Fixed expenses 33.69 108.67 104.89 97.61 90.61 85.00 80.47 80.48 81.42
E. Operating Profit [C-D] (0.00) 17.92 50.99 71.46 94.19 116.17 127.08 130.29 132.54
F. Break Even Sales [DxA/C] 75.95 259.25 264.69 246.34 226.13 209.97 199.10 200.01 203.32
G. DSCR 2.01 1.13 1.50 1.76 2.11 2.51
5%
B. 5% DECREASE IN VOLUME OF SALES:
A. Net Sales 72.15 286.91 373.69 405.36 438.15 472.08 487.86 497.61 507.57
C. Contribution 33.92 128.20 158.83 172.27 188.07 204.49 211.01 214.40 217.75
E. Operating Profit [C-D] 0.23 19.53 53.94 74.66 97.46 119.49 130.54 133.92 136.33
G. DSCR 2.03 1.15 1.54 1.81 2.16 2.57 0.13 - -
5%
C. 5% DECREASE IN SELLING PRICE:
A. Net Sales 72.15 286.91 373.69 405.36 438.15 472.08 487.86 497.61 507.57
C. Contribution 31.91 119.85 147.53 160.00 174.91 190.41 196.44 199.49 202.50
G. DSCR 1.86 2.97 5.68 7.39 9.27 11.09 0.14 - -

SENSITIVITY ANALYSIS Rs. In Lakh
SL. NO. CASH IN FLOW 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
5%
A. 5% INCREASE IN VARIABLE COST:
A. Net Sales 75.95 302.01 393.36 426.69 461.21 496.93 513.53 523.80 534.28
C. Contribution 33.69 126.60 155.89 169.07 184.81 201.17 207.55 210.78 213.96
G. DSCR 2.01 1.13 1.50 1.76 2.11 2.51 0.13 - -
5%
B. 5% DECREASE IN VOLUME OF SALES:
A. Net Sales 72.15 286.91 373.69 405.36 438.15 472.08 487.86 497.61 507.57
C. Contribution 33.92 128.20 158.83 172.27 188.07 204.49 211.01 214.40 217.75
E. Operating Profit [C-D] 0.23 19.53 53.94 74.66 97.46 119.49 130.54 133.92 136.33
G. DSCR 2.03 1.15 1.54 1.81 2.16 2.57
5%
C. 5% DECREASE IN SELLING PRICE:
A. Net Sales 72.15 286.91 373.69 405.36 438.15 472.08 487.86 497.61 507.57
C. Contribution 31.91 119.85 147.53 160.00 174.91 190.41 196.44 199.49 202.50
G. DSCR 1.86 1.05 1.39 1.63 1.96 2.33 0.14 - -
Page,,,,,,,,12

ASSESSED BANK FINANCE (WORKING CAPITAL) Rs. In Lakh
A. TRADITIONAL METHOD: [Operating Cycle Method]
Raw Materials 0.10 0.35 0.38 0.41 0.45 0.48 0.49 0.50 0.51
Stock in Process 0.11 0.42 0.45 0.49 0.53 0.57 0.58 0.59 0.61
Finished Goods 16.38 59.24 65.76 70.88 75.91 81.36 83.74 86.20 88.78
Consumables & Packing Mate. 0.67 1.47 1.80 1.93 2.01 2.15 2.23 2.30 2.37
Sundry Debtors 18.73 74.47 96.99 105.21 113.72 113.72 122.53 126.62 129.16
Expenses
Total 35.99 135.95 165.38 178.92 192.61 198.28 209.57 216.21 221.42
Less: Creditors 0.68 2.47 2.68 2.90 14.14 24.38 35.44 38.51 27.58
Balance 35.31 133.48 162.70 176.02 178.48 173.91 174.13 177.70 193.84
Margin 25% 9.00 33.99 41.35 44.73 48.15 49.57 52.39 54.05 55.36
Permissible Bank Finance 26.00 99.00 121.00 131.00 130.00 124.00 122.00 124.00 138.00
Page,,,,,,,,13

ASSESSED BANK FINANCE (WORKING CAPITAL) Rs. In Lakh
PROJECTED PROJECTED PROJECTED PROJECTEDPROJECTEDPROJECTEDPROJECTED PROJECTED PROJECTED
B. AS PER NAYAK COMMITTEE RECOMMENDATIONS
-1.Total Sales estimated for the year 75.95 302.01 393.36 426.69 461.21 496.93 513.53 523.80 534.28
-2.Total Working Capital required [25% of 1] 18.99 75.50 98.34 106.67 115.30 124.23 128.38 130.95 133.57
-3.Borrower's Margin - Minimum [5% of 1 or 20% of 2] 0.95 3.78 4.92 5.33 5.77 6.21 6.42 6.55 6.68
-4.Net Working Capital available 1.99 14.20 47.53 91.89 144.61 240.81 363.73 485.48 605.72
-5.Minimum Bank Finance eligible*
-80% of [2] or [2-4] whichever is lower. 15.19 60.40 50.81 14.78 (29.31) (116.58) (235.34) (354.53) (472.15)
C. OTHER METHOD:
-Projected Current Assets 85.70 179.96 227.73 278.41 349.09 430.07 545.45 672.25 783.39
-Other Current Liabilities 57.71 65.76 80.20 86.52 104.48 89.27 81.72 86.76 77.68
-Working Capital Gap 27.99 114.20 147.53 191.89 244.61 340.81 463.73 585.48 705.72
-Net Working Capital 1.99 14.20 47.53 91.89 144.61 240.81 363.73 485.48 605.72
-Assessed Bank Finance 26.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
-NWC to TCA (%) 2.33% 7.89% 20.87% 33.00% 41.43% 55.99% 66.68% 72.22% 77.32%
-Bank Finance to TCA (%) 30.34% 55.57% 43.91% 35.92% 28.65% 23.25% 18.33% 14.88% 12.76%
-Other CL To TCA (%) 67.34% 36.54% 35.22% 31.08% 29.93% 20.76% 14.98% 12.91% 9.92%
Page,,,,,,,,14

PROJECTED DSCR, IRR Rs. In Lakh
A. DSCR (DEBT SERVICE COV. RATIO)
DEBT SERVICING FUND:

- Cash Accruals [a] 17.28 66.50 87.63 98.66 107.02 118.65 122.92 121.76 120.23
- Interest on Term Loan [b] 7.06 25.53 20.30 15.05 9.78 4.64 0.36 - -
TOTAL [A]: 24.34 92.03 107.93 113.71 116.80 123.29 123.28 121.76 120.23
REPAYMENT OF DEBT :
- Repayment of Term Loan [c] 4.55 54.60 54.60 54.60 54.60 54.60 22.45 - -
- Repayment of Term Loan Interest [d] 7.06 25.53 20.30 15.05 9.78 4.64 0.36 - -
TOTAL [B]: 11.61 80.13 74.90 69.65 64.38 59.24 22.81 - -
NET DSCR [ a /c ] 3.80 1.22 1.60 1.81 1.96 2.17 5.48 - -
GROSS DSCR [ A /B ] 2.10 1.15 1.44 1.63 1.81 2.08 5.40 - -
AVERAGE GROSS DSCR [ A /B ] 1.83
B. IRR (INTERNAL RATE OF RETURN) 11.94 [' (bX100)+(dX100)-(bX100)*(sum"c"/(sum"c"-sum"e")]
- Cash Net Inflow [a] (642.71) 4.66 106.33 129.32 153.14 175.11 174.11 172.09 259.59
- Discounted Rate % [b] 13.25% 13.25% 13.25% 13.25% 13.25% 13.25% 13.25% 13.25% 13.25%
- Discounted Net Cash Inflow [c] (642.71) 4.11 82.90 89.03 93.10 94.00 82.53 72.02 95.94
- Discounted Rate % [d] 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
- Discounted Net Cash Inflow [e] (642.71) 3.88 73.84 74.84 73.85 70.37 58.31 48.03 60.37
Page,,,,,,,,15

PROJECTED NPV, PAY BACK PERIOD Rs. In Lakh
DISC. FACT.
A. NET PRESENT VALUE (NPV) 10.00%
- Cash Outflow [a] (611.80)

- Cash Inflow [b] (30.91) 4.66 106.33 129.32 153.14 175.11 174.11 172.09 259.59
- Net Cash Inflow [c] (642.71) 4.66 106.33 129.32 153.14 175.11 174.11 172.09 259.59
- Discounted Net Cash Inflow [d] (642.71) 4.23 87.87 97.16 104.60 108.73 98.28 88.31 121.10
NET PRESENT VALUE AT 10% DISC.FACT. 67.57
B. PAY BACK PERIOD:
- Cash Inflow [a] (30.91) 4.66 106.33 129.32 153.14 175.11 174.11 172.09 259.59
- Cumulative Cash Inflow [b] (30.91) (26.25) 80.07 209.39 362.53 537.64 711.75 883.84 1,143.43
- Discounted Cumulative Cash Inflow [c] (30.91) (26.25) 80.07 209.39 362.53 537.64 711.75 883.84 1,143.43
- Initial Investment [d] - - - - - - - - -
1.00 1.00
- - 3.00 - - - - - -
PAY BACK PERIOD IS: 7 YEARS
Page,,,,,,,,16

PROJECTED BEP Rs. In Lakh
A. BREAK EVEN POINT:

A. Capacity Utilisation: 70.00% 75.00% 80.00% 85.00% 90.00% 95.00% 95.00% 95.00% 95.00%
B. Net Sales 75.95 302.01 393.36 426.69 461.21 496.93 513.53 523.80 534.28
C. Variable Expenses 40.24 167.06 226.16 245.35 263.23 281.68 291.41 298.12 305.07
D. Contribution 35.71 134.95 167.19 181.34 197.97 215.25 222.12 225.68 229.21
E. Fixed & Semi Fixed expenses 33.69 108.67 104.89 97.61 90.61 85.00 80.47 80.48 81.42
F. Operating Profit [C-D] 2.01 26.28 62.30 83.73 107.36 130.25 141.65 145.20 147.79
G. Break Even Sales [DxA/C] 71.67 243.20 246.78 229.67 211.10 196.24 186.04 186.80 189.79
H. Break Even Point as % Op. Cap. 94.37% 80.53% 62.74% 53.83% 45.77% 39.49% 36.23% 35.66% 35.52%
I. Break Even Point as % Inst. Cap. 66.06% 60.40% 50.19% 45.75% 41.19% 37.52% 34.42% 33.88% 33.75%
J. Margin of Safety in Value 4.28 58.81 146.57 197.02 250.10 300.69 327.49 337.00 344.49
I. Cash Break Even Point (CBEP) 37.64 137.98 150.02 144.75 137.18 131.69 128.98 136.06 144.59
B.
Page,,,,,,,,17

Marathon Tea Company Pvt. Ltd. Ashram Para, Siliguri Annexure-1

Hochgeladen von

Dokumentinformationen

Originaltitel

Copyright

Verfügbare Formate

Dieses Dokument teilen

Dokument teilen oder einbetten

Freigabeoptionen

Stufen Sie dieses Dokument als nützlich ein?

Sind diese Inhalte unangemessen?

Copyright:

Verfügbare Formate

Marathon Tea Company Pvt. Ltd. Ashram Para, Siliguri Annexure-1

Hochgeladen von

Copyright:

Verfügbare Formate

Prepared by: CA Rajib Deb,

MARATHON TEA COMPANY PVT. LTD.

CAPITAL INVESTMENT AND MEANS OF FINANCE Rs. In Lakh

1 LAND AND LAND DEVELOPMENT: 1.25 1.25 100% - 0% -

2 SHED AND BUILDING: 170.00 69.00 40% 101.00 59% 1.46

3 PLANT AND MACHINERY: S 208.76 51.76 25% 157.00 75% 3.03

7 IDCP ( Interest during construction period) I 24.00 24.00 100% - 0% -

8 Margin for Working Capital 32.81 32.81 100% - 0% -

9 Margin for BG & Service Connection Charge 10.75 10.75 100% - 0% -

11 Total Working Capital (Exc. Margin) 100.00 - 0% 100.00 100%

MARATHON TEA COMPANY PVT. LTD.

PROJECTED PROFIT AND LOSS ACCOUNT Rs. In Lakh

MARATHON TEA COMPANY PVT. LTD.

PROJECTED PROFIT AND LOSS ACCOUNT Rs. In Lakh

MARATHON TEA COMPANY PVT. LTD.

PROJECTED BALANCE SHEET Rs. In Lakh

A. SHORT TERM BANK BORROWINGS:

MARATHON TEA COMPANY PVT. LTD.

PROJECTED BALANCE SHEET Rs. In Lakh

MARATHON TEA COMPANY PVT. LTD.

PROJECTED BALANCE SHEET Rs. In Lakh

Other Current Assets:

MARATHON TEA COMPANY PVT. LTD.

PROJECTED BALANCE SHEET Rs. In Lakh

G. NON CURRENT ASSETS:

MARATHON TEA COMPANY PVT. LTD.

PROJECTED CASHFLOW STATEMENT Rs. In Lakh

A. CASH IN FLOW FROM OPERATING ACTIVITY:

B. CASH IN FLOW FROM OTHERS:

MARATHON TEA COMPANY PVT. LTD.

PROJECTED CASHFLOW STATEMENT Rs. In Lakh

C. FIXED ASSETS: 425.00 10.99 - - - - - - - -

D. PRELIMINARY / PRE-OP EXP.: 15.00 17.25

F. DIVIDEND / DRAWINGS: - - - - - 5.00 7.00 8.00 9.00 10.00

MARATHON TEA COMPANY PVT. LTD.

PROJECTED FUNDFLOW STATEMENT Rs. In Lakh

C. INCREASE IN CAPITAL: 20.00 - - - - - - - -

D. INCREASE IN TERM LIABILITIES: 301.00 - - - - - - - -

D. DECREASE IN FIXED ASSETS: - - - - - - - - -

E. DECREASE IN NON CURRENT ASSETS: - - - - - - - - -

C. INCREASE IN FIXED ASSETS: 41.74 - - - - - - - -

D. INCREASE IN NON CURRENT ASSETS: - - - - - - - - -

E. DIVIDEND / DRAWINGS: - - - - 5.00 7.00 8.00 9.00 10.00

MARATHON TEA COMPANY PVT. LTD.

PROJECTED FUNDFLOW STATEMENT Rs. In Lakh

D. NET SURPLUS/ (DEFICIT): 219.70 (74.00) - - - (32.15) (22.45) - -

E. INCREASE / DECREASE IN BANK

BREAK UP OF INC./DEC. CURR. ASST.

MARATHON TEA COMPANY PVT. LTD.

SENSITIVITY ANALYSIS Rs. In Lakh

MARATHON TEA COMPANY PVT. LTD.

SENSITIVITY ANALYSIS Rs. In Lakh

MARATHON TEA COMPANY PVT. LTD.

ASSESSED BANK FINANCE (WORKING CAPITAL) Rs. In Lakh

A. TRADITIONAL METHOD: [Operating Cycle Method]

MARATHON TEA COMPANY PVT. LTD.

ASSESSED BANK FINANCE (WORKING CAPITAL) Rs. In Lakh

B. AS PER NAYAK COMMITTEE RECOMMENDATIONS

MARATHON TEA COMPANY PVT. LTD.

PROJECTED DSCR, IRR Rs. In Lakh

A. DSCR (DEBT SERVICE COV. RATIO)

DEBT SERVICING FUND:

NET DSCR [ a /c ] 3.80 1.22 1.60 1.81 1.96 2.17 5.48 - -