Working Capital Requirement: 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

Capacity 100% 75% 75% 80% 80% 85% 85%

Days Amount
1. Consumables 30 30000 22500 22500 24000 24000 25500 25500
2. Salary 30 18000 13500 13500 14400 14400 15300 15300
3. Esatablishment Costs 30 15000 11250 11250 12000 12000 12750 12750

63000 47250 47250 50400 50400 53550 53550

Less: Margin @ 5% 3150 2363 2363 2520 2520 2678 2678

59850 44887 44887 47880 47880 50872 50872

Repayment Schedule:
Interest Rate 0
Term Loan 1,746,100
Working Capital Loan 182,400

Total Loan Component 1,928,500

Term Loan Repayment

Term Loan Repayment Schedule

Inst No. Opening TL Interest Principal Total Repayment Closing balance

1 40,452 614,400 7,424 - 7,424 614,400
2 40,483 614,400 7,424 - 7,424 614,400
3 40,513 614,400 7,424 - 7,424 614,400
4 40,544 614,400 4,490 1 - 4,490 614,400
5 40,575 614,400 4,490 2 - 4,490 614,400
6 40,603 614,400 4,490 3 6,193 10,683 608,207

35,742 6,193

7 40,634 608,207 4,415 4 6,193 10,608 602,014

8 40,664 602,014 4,340 5 6,193 10,533 595,820
9 40,695 595,820 4,266 6 6,193 10,459 589,627
10 40,725 589,627 4,191 7 6,193 10,384 583,434
11 40,756 583,434 4,116 8 6,193 10,309 577,241
12 40,787 577,241 4,041 9 6,193 10,234 571,048
13 40,817 571,048 3,966 10 6,193 10,159 564,855
14 40,848 564,855 3,891 11 6,193 10,084 558,661
15 40,878 558,661 3,817 12 6,193 10,010 552,468
16 40,909 552,468 3,742 13 6,193 9,935 546,275
17 40,940 546,275 3,667 14 6,193 9,860 540,082
18 40,969 540,082 3,592 15 6,193 9,785 533,889

48,044 74,318

19 41,000 533,889 3,517 16 6,193 9,710 527,695

20 41,030 527,695 3,442 17 6,193 9,635 521,502
21 41,061 521,502 3,368 18 6,193 9,561 515,309
22 41,091 515,309 3,293 19 6,193 9,486 509,116
23 41,122 509,116 3,218 20 6,193 9,411 502,923
24 41,153 502,923 3,143 21 6,193 9,336 496,730
25 41,183 496,730 3,068 22 6,193 9,261 490,536
26 41,214 490,536 2,993 23 6,193 9,186 484,343
27 41,244 484,343 2,919 24 6,193 9,112 478,150
28 41,275 478,150 2,844 25 6,193 9,037 471,957
29 41,306 471,957 2,769 26 6,193 8,962 465,764
30 41,334 465,764 2,694 27 6,193 8,887 459,570

37,268 74,318

31 41,365 459,570 2,619 28 6,193 8,812 453,377

32 41,395 453,377 2,544 29 6,193 8,737 447,184
33 41,426 447,184 2,470 30 6,193 8,663 440,991
34 41,456 440,991 2,395 31 6,193 8,588 434,798
35 41,487 434,798 2,320 32 6,193 8,513 428,605
36 41,518 428,605 2,245 33 6,193 8,438 422,411
37 41,548 422,411 2,170 34 6,193 8,363 416,218
38 41,579 416,218 2,095 35 6,193 8,288 410,025
39 41,609 410,025 2,021 36 6,193 8,214 403,832
40 41,640 403,832 1,946 1 242,809 244,755 161,023
41 41,671 161,023 1,946 2 7,001 8,947 154,022
42 41,699 154,022 1,861 3 7,001 8,862 147,021
26,632 312,550
43 41,730 147,021 1,777 4 7,001 8,778 140,020
44 41,760 140,020 1,692 5 7,001 8,693 133,019
45 41,791 133,019 1,607 6 7,001 8,608 126,018
46 41,821 126,018 1,523 7 7,001 8,524 119,017
47 41,852 119,017 1,438 8 7,001 8,439 112,016
48 41,883 112,016 1,354 9 7,001 8,355 105,015
49 41,913 105,015 1,269 10 7,001 8,270 98,014
50 41,944 98,014 1,184 11 7,001 8,185 91,013
51 41,974 91,013 1,100 12 7,001 8,101 84,012
52 42,005 84,012 1,015 13 7,001 8,016 77,011
53 42,036 77,011 931 14 7,001 7,932 70,010
54 42,064 70,010 846 15 7,001 7,847 63,009

15,736 84,012

55 42,095 63,009 761 16 7,001 7,762 56,008

56 42,125 56,008 677 17 7,001 7,678 49,007
57 42,156 49,007 592 18 7,001 7,593 42,006
58 42,186 42,006 508 19 7,001 7,509 35,005
59 42,217 35,005 423 20 7,001 7,424 28,004
60 42,248 28,004 338 21 7,001 7,339 21,003
61 42,278 21,003 254 22 7,001 7,255 14,002
62 42,309 14,002 169 23 7,001 7,170 7,001
63 42,339 7,001 85 24 7,001 7,086 -

3,807 63,009
Working Capital Loan

Year Opening Balance Closing Balance Average Balance months Interest

2010-11 - 44,887 22,444 6 1,627

2011-12 44,887 44,887 44,887 12 6,509
2012-13 44,887 47,880 46,384 12 6,726
2013-14 47,880 47,880 47,880 12 6,943
2014-15 47,880 50,872 49,376 12 7,160
2015-16 50,872 50,872 50,872 12 7,376
###
###

66
1,627 6,509 6,726 6,943 7,160 7,376
Project Cost:

Application of Funds: Amount

Shop Advance 100000

Computers, Xerox, Fax etc. 423940
Air Conditioner 22800
furniture, Fittings & Interiors 100000
Working Capital (Rounded off) 47000

693740
Source of funds

Promoter's Contribution 34690

Financial Assistance from bank
- Term Loan 614400
- Working capital limit 44650

693740
242809 Subsidy
Particulars:
2010-11 2011-12 2012-13 2013-14 2014-15
Capacity Utilisation 75% 75% 80% 80% 85%

Average Receipts per month 70,000 75,000 80,000 85,000 90,000

No of Months 6 12 12 12 12
Gross Annual Receipts 420,000 900,000 960,000 1,020,000 1,080,000

Administrative Expenses:

Salary 81,000 162,000 172,800 172,800 183,600

Festival Bonus 8,100 16,200 17,280 17,280 18,360
Staff Welfare expenses 4,050 8,100 8,640 8,640 9,180
Consumables 135,000 270,000 288,000 288,000 306,000
Establishment Expenses 67,500 135,000 144,000 144,000 153,000
Depreciation 133,892 247,709 99,084 39,633 15,853

Total 429,542 839,009 729,804 670,353 685,993

Profit Before Interest & Tax (9,542) 60,991 230,196 349,647 394,007

Interest on Bank Loan

- Term Loan 35,742 48,044 37,268 26,632 15,736
- Working Capital Loan 1,627 6,509 6,726 6,943 7,160
Total Interest Service 37,369 54,553 43,994 33,575 22,896

Profit Before Tax (46,911) 6,438 186,202 316,072 371,111

Principal Repayment 6,193 74,318 74,318 312,550 84,012

Interest Repayment 37,369 54,553 43,994 33,575 22,896
Total Debt Service 43,562 128,871 118,312 346,125 106,908
DSCR (PBIT+Depreciation)/Debt Service 2.85 2.40 2.78 1.83 3.83

Adjusted DSCR Calculations

PBIT (9,542) 60,991 230,196 349,647 394,007
Add: Depreciation 133,892 247,709 99,084 39,633 15,853
Funds available for disposal 124,350 308,700 329,280 389,280 409,860
Less: Income Tax - - 7,230 19,534 24,103
124,350 308,700 322,050 369,746 385,757
Less: Forced Drawings 30,000 120,000 140,000 160,000 180,000
Adjusted Funds availabe at disposal 94,350 188,700 182,050 209,746 205,757
Add: Any other receipts - - - 242,809 -
Net funds available at disposal 94,350 188,700 182,050 452,555 205,757
Adjusted DSCR 2.17 1.46 1.54 1.31 1.92
2015-16
85%

95,000
12
1,140,000

183,600
18,360
9,180
306,000
153,000
6,341

676,481
463,519

3,807
7,376
11,183

452,336

63,009
11,183
74,192
6.33

463,519
6,341
469,860
31,262
438,598
200,000
238,598
-
238,598
3.22
Depreciation Schedule:

Rate of Opening
Particulars WDV as on the year end
Depn Value

2010-11 2011-12 2012-13 2013-14 2014-15

Computer, Xerox, Fax etc 60% 423940 296758 118703 47481 18992 7597
Air Conditioner 15% 22800 21090 8436 3374 1350 540
Funiture, Fitings & Interiors 10% 100000 95000 38000 15200 6080 2432

Total WDV of Fixed Assets 412848 165139 66055 26422 10569

Total Depreciation 546740 133892 247709 99084 39633 15853

end

2015-16

3039
216
973

4228

6341
Projected Balance Sheet as on:
Sources of Funds:
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Proprietor's Capital
Opening Balance 34,690 (42,221) (155,783) (116,811) 262,536 429,544
Add: Profit for the year (46,911) 6,438 186,202 316,072 371,111 452,336
Add: Other Capital Additions (Subsidy) - - - 242,809 -
(12,221) (35,783) 30,419 442,070 633,647 881,880
Less: Drawings & Tax 30,000 120,000 147,230 179,534 204,103 231,262
Closing Balance (42,221) (155,783) (116,811) 262,536 429,544 650,618

Secured Loan:
Term Loan 608,207 533,889 459,570 147,021 63,009 0
Working Capital Loan 44,887 44,887 47,880 47,880 50,872 50,872

Total Liabilities 610,873 422,993 390,639 457,437 543,425 701,490

Application of Funds:

Fixed Assets 412,848 165,139 66,055 26,422 10,569 4,228

Current Assets
- Shop Advance 100,000 100,000 100,000 100,000 100,000 100,000
- Others (Consumables, Salary Payable & Receivables) 47,250 47,250 50,400 50,400 53,550 53,550
- Cash & Cash Equivalents 50,775 110,604 174,184 280,615 379,306 543,712

Total Assets 610,873 422,993 390,639 457,437 543,425 701,490

Cash Flow Statement:

Inflow:
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

Opening Cash & Bank - 50,775 110,604 174,184 280,615 379,306

Proprietor's Capital 34,690
Current Year Profit before Interest & Tax (9,542) 60,991 230,196 349,647 394,007 463,519
Non Cash Expenditure Charged to P/L 133,892 247,709 99,084 39,633 15,853 6,341
Secured Loan:
Term Loan from Bank 614,400
Working Capital Loan 44,887 - 2,993 - 2,992 -
Subsidy Receipt 242,809

818,327 359,475 442,877 806,273 693,467 849,166

Outflow:

Fixed Assets 546,740

Additions to Working Capital 47,250 - 3,150 - 3,150 -
Shed Advance 100,000
Interest on Loans
- Term Loan 35,742 48,044 37,268 26,632 15,736 3,807
- WC Loan 1,627 6,509 6,726 6,943 7,160 7,376
Repayment of Term Loan 6,193 74,318 74,318 312,550 84,012 63,009
Dividend / Drawings 30,000 120,000 140,000 160,000 180,000 200,000
Income Tax (Assumed to be Paid) - - 7,230 19,534 24,103 31,262
Closing Cash & Bank 50,775 110,604 174,184 280,615 379,306 543,712

818,327 359,475 442,877 806,273 693,467 849,166

Note: The Closing Cash and Bank Balance may vary depending upon the investment/expansion decisions made by the Proprietor.