Estimates of Working results and Profitability (In Operating years Cost of manufacture Adminstrative Expenses Sub Total Sales

& Distribution Expenses Packing Expenses Sub Total Total Cost Of Production Sales (in Lacs ) Sub Total Gross Profit Before Interest Depreciation and Tax Financial Expenses Interest on Term Loan Interest on Working capital Loan Sub Total Depreciation Provision Prliminary expenses written off Profit & loss before taxation Provision for Taxation Profit & Loss after tax Modvat refund Retained profit Depreciation Written off Net cash Accruals 1 2 3 4 5

d Profitability (In Rs Lakhs unless otherwise mentioned) 6 7

Schedule for Working capital Requ

Serial No

Description 1 Raw Materials & Consumables 2 Utilities (power ,coal) 3 Labour & Factory overheads Wages & salaries Factory overheads 4 Selling expenses Packing Expenses 5 Finished goods 6 Accounts receivables Total Increase in working capital

No of days

% of bank finance

for Working capital Requirements

I Year Amount Bank Finance Margin money Amount II Nd Year Bank Finance Margin money Amount III Rd Year Bank Finance

I Rd Year Margin money

Projected Funds Flow Statement (in Rs La

Sl no Description 1 Source of Funds Construction Period 1 2 3.5m 12m 8.5m

Equity Debt PBDIT Additional Income Loan for working capital Central & State capital subsidy Total Sources 2 Disposition of Funds Fixed assets purchase CENVAT Preliminary & Pre operative expenses Increase in Currents assets Repayment of Term Loan Payment of Interst on TERM loan Payment of Interst on W/C Loan Taxation Total Disposition 3 Surplus deficit 4 Opening cash & Bank Balance 5 Closing Bank & Cash Balance

w Statement (in Rs Lakhs unless otherwise mentioned)

Operation Period

Projected Balance Sheet (in

Sl no Description 1 Liabilities Promoters Contribution General Reserves Capital reserves Debt Working capital loan Total liabilities 2 Assets Gross fixed assets accumulated depreciation net fixed assets central & state capital subsidy refund CENVAT Working capital assets Preliminary & pre-opeartive expenses cash & bank balance Total assets Construction period

cted Balance Sheet (in Rs Lakhs unless otherwise mentioned)

Operation period

Discounted Cash Flow statement (Tota

Construction period 1 2

Years Inflows Net Cash Accruals After Interest & Tax Central & State Capital Subsidy less:Adjustment for change in WC through internal accruals Add back Financal Expenses Terminal Value Total Inflow Outflows Investment Bridge Loan Bank Financed WC Total Outflow Net cash Inflow IRR ON Investment(%) NPV (12% Discount rae) Pay Back Period

Discounted Cash Flow statement (Equi

Construction period 1 2

Years

Inflows Net Cash accruals After interest & Tax Central & State Capital Subsidy Less : Change in Working capital financed through internal accruals less Loan Repayment Terminal value Total Inflow Outflows Equity Total Outflow Net Cash Flow

IRR ON equit(%)

ow statement (Total Investment)(in Rs Lakhs unless otherwise mentoned)

Operation Period 4 5

ow statement (Equity)(in Rs Lakhs unless otherwise mentoned)

Operation Period 4 5

Normal Variable Cost (Rs lakhs) Raw material & Consumable Stores Utilities Packing Expenses Factory Overhead Interest on Working capital Total Variable Cost (Rs Lakhs) Average variable cost Fixed Cost Wages & Salaries Adminstrative expenses Sales & Distribution expenses Interest on Term Loan Depreciation Preliminary Expenses Written off Total Fixed Cost Average fixed cost Average Selling price Total Sales Total Contribution Project Break even point(lakh tonnes) Project Break even percentage Cash Break Even point Cash Break Even point(percentage)

Break Even Point and Sensitivity analysis(3 rd yea case1 Case2 Case3

Case 1 Case 2 Case 3 Case4

10% increase in variable cost 10 % increase in fixed cost 10 % increase in project cost 150 Rs/t decrease in Selling Price

nsitivity analysis(3 rd year operation) Case4

Debt Service Coverage ratio Operating years Profit after tax Depreciation Preliminary expenses Written off Interest on term loan State & central govt capital Subsidy 1 2 3 4

Repayment of term loan Interest on Term Loan DSCR Average DSCR

5 Total

Repayment and Interest Schedule for loans(in Rs

Operating years 1 2 3 4

Loan 1 Rate of interest Loan (outstanding) Interest Moratorium Repayment Closing Balance Total Interest(Term Loan) Working capital loan Rate of interest Loan (outstanding) Interest Moratorium Repayment Interest subsidy Total Interest( Working capital loan)

dule for loans(in Rs Lakhs unless otherwise mentioned)

5 6 7