project ginning factory

7/31/2019 Project Ginning Factory

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S.NO: PARTICULARS AMOUNT

1 LAND (2.4 ACRES) 6.00

2 MACHINERY 86.00

3 PRELIMINARY AND PRE-OPERATIVE EXPENSES 4.00

4 BUILDING 110.00

206.00

MEANS OF FINANCE

S.NO: PARTICULARS AMOUNT

1 PROMOTER'S CONTRIBUTION 56.00

2 TERM LOAN- CANARA BANK 100.00

3 WORKING CAPITAL - CANARA BANK 50.00

TOTAL 206.00

S.NO: PARTICULARS AMT/%

1 PROMOTERS' CONTRIBUTION 0.27

PROJECT PARAMETERS

COST OF THE PROJECT


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REPAYMENT

CC LOAN MONTHLY INTEREST TERM LOAN 2010- JAN

RATE OF INTEREST

TL 14%

CC 13.25%


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Particulars 1ST YEAR 2nd YEAR 3rd YEAR 4th YEAR 5th YEAR 6th YEAR 7th YEAR

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

Installed Capacity (Qtls) 42000 42000 42000 42000 42000 42000 42000

Production per year (Qtls) 29000 31400 33310 35650 36300 37750 38500

Operating Capacity (Percentage) 69 75 79 85 86 90 92

INCOME

A

Sales

Lint 60648000 73055850 80736831 89273347 95411073 103646352 109937973

Seeds 19627920 23029272 25529799 29182485 31058320 33771132 36372590

Closing Stock

Kappas 2600000 3003000 3869775 4664454 5529066 6633947 6963697

Lint 3135907 4587407 5715920 7175571 8360920 9196884 10092358

Seeds 483929 659983 952811 1044088 1202795 1453345 1613155

Total of A 86495757 104335512 116805136 131339945 141562174 154701659 164979773

B

Opening Stock

Kappas 2600000 3003000 3869775 4664454 5529066 6633947

Lint 3135907 4587407 5715920 7175571 8360920 9196884

Seeds 483929 659983 952811 1044088 1202795 1453345

Purchases

Kappas 78000000 85995000 96199740 107884301 115320518 126044986 134051174

Labour Charges 800000 840000 882000 926100 972405 1021025 1072077

Hamali 500000 525000 551250 578813 607753 638141 670048

Power Charges 400000 420000 441000 463050 486203 510513 536038

Cotton Ginning Factory

PROJECTED PROFITABILITY STATEMENT


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Total of B 79700000 93999837 106324380 120390770 130270991 143307445 153613512

Gross Profit ( A-B ) 6795757 10335675 10480757 10949175 11291182 11394214 11366262

Total of C 6795757 10335675 10480757 10949175 11291182 11394214 11366262D

Indirect Expenditure

Administrative Expenses 450000 461250 472781 484601 496716 509134 521862

Electricle & Factory Maintenance 75000 76875 78797 80767 82786 84856 86977

Machinery Maintenance 150000 153750 157594 161534 165572 169711 173954

Fees & Reg Charges 20000 20500 21013 21538 22076 22628 23194

Transportation 850000 871250 893031 915357 938241 961697 985739

Diesel For DG 30000 30750 31519 32307 33114 33942 34791

Insurance 100000 102500 105063 107689 110381 113141 115969

Insurance for Staff 35000 35875 36772 37691 38633 39599 40589

Miscellaneous 30000 30750 31519 32307 33114 33942 34791Postage 5000 5125 5253 5384 5519 5657 5798

Printing & Stationery 10000 10250 10506 10769 11038 11314 11597

Professional Tax 2500 2500 2500 2500 2500 2500 2500

Audit & Other Fee 20000 20500 21013 21538 22076 22628 23194

Salary 300000 307500 315188 323067 331144 339422 347908

Telephone Charges 50000 51250 52531 53845 55191 56570 57985

Interest on Term Loan 1395833 1258334 1058335 858336 658337 458338 258339

Interest on CC loan 762500 762500 762500 762500 762500 762500 762500

Depreciation 1267815 1077642 915996 778597 661807 562536 478156

Total of D 6795757 10335675 10480757 10949175 11291182 11394214 11366262

Net Profit (C-D) Before Tax 1242109 5056574 5508847 6258849 6860435 7204097 7400418

Provision For Income Tax 413995 1685356 1836099 2086074 2286583 2401126 2466559

Profit after Tax 828114 3371218 3672748 4172775 4573852 4802971 4933859


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Liabilities 1ST YEAR 2nd YEAR 3rd YEAR 4th YEAR 5th YEAR 6th YEAR 7th YEAR

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

Capital 2,963,746.00 7,726,482 10,900,203 14,495,689 17,853,632 21,300,403 23,945,733

Bank Loan TL 9,642,859 8,214,295 6,785,731 5,357,167 3,928,603 2,500,039 1,071,475

Bank Loan CC 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Sundry Creditors 6,500,000 7,166,250 8,016,645 8,990,358 9,610,043 10,503,749 11,170,931

Other Liabilities 500,000 700,000 900,000 1,100,000 1,300,000 1,500,000 1,700,000

Total 24,606,605 28,807,027 31,602,579 34,943,214 37,692,278 40,804,191 42,888,139

Assets

Fixed Assets 7,784,283 6,706,641 5,790,645 5,012,048 4,350,241 3,787,705 3,309,549

Investments

Current Assets

Cash in Hand 25,000 25,000 25,000 25,000 25,000 25,000 25,000

Cash at Bank 30,000 30,000 30,000 30,000 30,000 30,000 30,000

Closing Stock

Kappas 2,600,000 3,003,000 3,869,775 4,664,454 5,529,066 6,633,947 6,963,697

Lint 3,135,907 4,587,407 5,715,920 7,175,571 8,360,920 9,196,884 10,092,358

Seeds 483,929 659,983 952,811 1,044,088 1,202,795 1,453,345 1,613,155

Sundry Debtors 10,034,490 12,010,640 13,283,329 14,806,979 15,808,674 17,177,185 18,288,820

Other Current Assets

Income Tax Advance 413,995 1,685,356 1,836,099 2,086,074 2,286,583 2,401,126 2,466,559

Deposits 99,000 99,000 99,000 99,000 99,000 99,000 99,000

Loans & Advances

Total 24,606,605 28,807,027 31,602,579 34,943,214 37,692,279 40,804,191 42,888,139

COTTON GINNING FACTORY

Projected Balance Sheet


6/28

Valuation of closing stock

Kappas Qty Rate Total Qty Rate Total Qty Rate Total Qty Rate To

Op.Stock 1350 2866.5 3869775 1550 3009.33 4664453.75 1750 3159.466 5529065.938 2000 3316.973

Add:Purchases 35850 3009.33 107884301.3 36500 3159.466 115320518.1 38000 3316.973 126044985.9 38500 3481.849

Less :Closing Stock 1550 3009.33 4664453.75 1750 3159.466 5529065.938 2000 3316.973 6633946.625 2000 3481.849

Raw Materials Consumed 35650 107089622.5 36300 114455905.9 37750 124940105.2 38500

Add :Direct Expenses

Power 463,050.00 486,202.50 510,510.13

Hamali 578,812.50 607,752.63 638,137.63

Labour 926,100.00 972,405.00 1,021,020.25 1

Cost of Production 35650 109057585 36300 116522266.1 37750 127109773.2 38500Consumption T\F to Lint 11764.5 11979 12457.5 12705

Consumption T\F to Seeds 23386.4 23812.8 24764 25256

Lint Qty Rate Total Qty Rate Total Qty Rate Total Qty Rate To

Op.Stock 750 7621.23 5715920.422 900 7972.86 7175570.612 1000 8360.92 8360920.047 1050 8758.94

Add: T/F from Kappas 11764.5 11979 12457.5 12705

Less: Sales 11615 7686 89273347.34 11879 8031.911 95411072.51 12408 8353.188 103646351.7 12655 8687.315

Closing Stock 900 7972.86 7175570.612 1000 8360.92 8360920.047 1050 8758.94 9196883.74 1100 9174.87

Seeds Qty Rate Total Qty Rate Total Qty Rate Total Qty Rate ToOp.Stock 1550 614.72 952811.0992 1600 652.56 1044088.38 1750 687.31 1202794.65 2000 726.67

Add: T/F from Kappas 23386.4 23812.8 24764 25256

Less: Sales 23336 1250.535 29182484.76 23663 1312.527 31058320.49 24514 1377.626 33771132.04 25156 1445.881

Closing Stock 1600 652.56 1044088.38 1750 687.31 1202794.649 2000 726.67 1453344.92 2100 768.17

2012-13 2013-2014 2014-2015 2015-2016

2012-13 2013-2014 2014-2015 2015-2016

2012-13 2013-2014 2014-2015 2015-2016


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Year Particulars Qtls Particulars Qtls Particulars Qtls

2009-2010 Kappas Lint Seeds

OP. Stock Nil OP. Stock Nil OP. Stock Nil

Purchases 30000 Purchases Nil Purchases Nil

Total 30000 From Ginning 9570 From Ginning 19024Less: CL 1000 Sales 9120 Sales 18174

Ginning 29000 Cl. Stock 450 Cl. Stock 850


OP. Stock 1000 OP. Stock 450 OP. Stock 850


Total 32500 From Ginning 10362 From Ginning 20598

Less: CL 1100 Sales 10182 Sales 20308



























OP Stock 2000 OP Stock 1050 OP Stock 2000

Quantitative Statement


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PARTICULARS 2009-10 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

Profit After Tax 828,114 3,371,218 3,672,748 4,172,775 4,573,852 4,802,971 4,933,859Add: Depreciation 1,267,815 1,077,642 915,996 778,597 661,807 562,536 478,156

Interest on Term Loan 1,395,833 1,258,334 1,058,335 858,336 658,337 458,338 258,339

Funds from Operations 3,491,762 5,707,194 5,647,080 5,809,708 5,893,997 5,823,846 5,670,354

Repayment of TermLoan 357,141 1,428,564 1,428,564 1,428,564 1,428,564 1,428,564 1,428,564

Interest on Term Loans 1,395,833 1,258,334 1,058,335 858,336 658,337 458,338 258,339

Total Debt obligation 1,752,974 2,686,898 2,486,899 2,286,900 2,086,901 1,886,902 1,686,903

Yearwise DSCR (in times) 1.99 2.12 2.27 2.54 2.82 3.09 3.36

AVERAGE DSCR :- 2.60

DSCR CALCULATION


10/28

YEAR PARTICULARS OPENING WDV RATE DEPRECIATION CLOSING WDV

2009-10 Bajaj Auto Feeder 2229029 15% 334,354 1,894,675

Electrick Motors 206,755 15% 31,013 175,742

Electrick Weigh Bridge 1,016,873 15% 152,531 864,342

Cotton Balling Press 2,000,000 15% 300,000 1,700,000

Ginning Kanwar 310,000 15% 46,500 263,500

Kirloskar DG Sets 160 KVA 925,557 15% 138,834 786,723

Equipments 1,763,884 15% 264,583 1,499,301

Land 600,000 600,000

Total 9,052,098 1,267,815 7,784,283


2010-11 Bajaj Auto Feeder 1,894,675 15% 284,201 1,610,473


Electrick Weigh Bridge 864,342 15% 129,651 734,691


Ginning Kanwar 263,500 15% 39,525 223,975


Equipments 1,499,301 15% 224,895 1,274,406

Land 600,000 600,000

Total 7,784,283 1,077,642 6,706,641


DEPRECIATION SCHEDULE


11/28






Ginning Kanwar 223,975 15% 33,596 190,379


Equipments 1,274,406 15% 191,161 1,083,245

Land 600,000 600,000

Total 6,706,641 915,996 5,790,645






Ginning Kanwar 190,379 15% 28,557 161,822


Equipments 1,083,245 15% 162,487 920,758

Land 600,000 600,000


12/28

Total 5,790,645 778,597 5,012,048


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2013-14 Bajaj Auto Feeder 1,163,567 15% 174,535 989,032



Cotton Balling Press 1,044,013 15% 156,602 887,411

Ginning Kanwar 161,822 15% 24,273 137,549


Equipments 920,758 15% 138,114 782,645

Land 600,000 600,000

Total 5,012,048 661,807 4,350,241


2014-15 Bajaj Auto Feeder 989,032 15% 148,355 840,677



Cotton Balling Press 887,411 15% 133,112 754,299

Ginning Kanwar 137,549 15% 20,632 116,916


Equipments 782,645 15% 117,397 665,248

Land 600,000 600,000

Total 4,350,241 562,536 3,787,705


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2015-16 Bajaj Auto Feeder 840,677 15% 126,102 714,576



Cotton Balling Press 754,299 15% 113,145 641,154

Ginning Kanwar 116,916 15% 17,537 99,379


Equipments 665,248 15% 99,787 565,461

Land 600,000 600,000Total 3,787,705 478,156 3,309,549


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20/28

Rate of Interest 14.00%

Months Opening Principle Interest Installment

1 10,000,000.00 116,666.67 116,666.67

2 10,000,000.00 116,666.67 116,666.67

3 10,000,000.00 116,666.67 116,666.67

4 10,000,000.00 116,666.67 116,666.67

5 10,000,000.00 116,666.67 116,666.67

6 10,000,000.00 116,666.67 116,666.67

7 10,000,000.00 116,666.67 116,666.67

8 10,000,000.00 116,666.67 116,666.67

9 10,000,000.00 116,666.67 116,666.67

10 10,000,000.00 119,047.00 116,666.67 235,713.6711 9,880,953.00 119,047.00 115,277.79 234,324.79

12 9,761,906.00 119,047.00 113,888.90 232,935.90

TOTAL 357,141.00 1,395,833.36 1,752,974.36



13 9,642,859.00 119,047.00 112,500.02 231,547.02

14 9,523,812.00 119,047.00 111,111.14 230,158.14

15 9,404,765.00 119,047.00 109,722.26 228,769.26

16 9,285,718.00 119,047.00 108,333.38 227,380.38

17 9,166,671.00 119,047.00 106,944.50 225,991.50

18 9,047,624.00 119,047.00 105,555.61 224,602.61

19 8,928,577.00 119,047.00 104,166.73 223,213.73


1st YEAR

2nd YEAR

TERM LOAN REPAYMENT SCHEDULE


21/28


Months Opening Principle Interest Installment, , . , . , . , .

26 8,095,248.00 119,047.00 94,444.56 213,491.56

27 7,976,201.00 119,047.00 93,055.68 212,102.68

28 7,857,154.00 119,047.00 91,666.80 210,713.80

29 7,738,107.00 119,047.00 90,277.92 209,324.92

30 7,619,060.00 119,047.00 88,889.03 207,936.03

31 7,500,013.00 119,047.00 87,500.15 206,547.15

32 7,380,966.00 119,047.00 86,111.27 205,158.27

33 7,261,919.00 119,047.00 84,722.39 203,769.39

34 7,142,872.00 119,047.00 83,333.51 202,380.51

35 7,023,825.00 119,047.00 81,944.63 200,991.63

36 6,904,778.00 119,047.00 80,555.74 199,602.74

TOTAL 1,428,564.00 1,058,335.11 2,486,899.11


Months Opening Principle Interest Installment37 6,785,731.00 119,047.00 79,166.86 198,213.86

38 6,666,684.00 119,047.00 77,777.98 196,824.98

39 6,547,637.00 119,047.00 76,389.10 195,436.10

40 6,428,590.00 119,047.00 75,000.22 194,047.22

41 6,309,543.00 119,047.00 73,611.34 192,658.34

42 6,190,496.00 119,047.00 72,222.45 191,269.45

43 6,071,449.00 119,047.00 70,833.57 189,880.57

44 5,952,402.00 119,047.00 69,444.69 188,491.69

45 5,833,355.00 119,047.00 68,055.81 187,102.81

46 5,714,308.00 119,047.00 66,666.93 185,713.93

47 5,595,261.00 119,047.00 65,278.05 184,325.0548 5,476,214.00 119,047.00 63,889.16 182,936.16

TOTAL 1,428,564.00 858,336.15 2,286,900.15

4th YEAR

3rd YEAR


22/28



49 5,357,167.00 119,047.00 62,500.28 181,547.28

50 5,238,120.00 119,047.00 61,111.40 180,158.4051 5,119,073.00 119,047.00 59,722.52 178,769.52

52 5,000,026.00 119,047.00 58,333.64 177,380.64

53 4,880,979.00 119,047.00 56,944.76 175,991.76

54 4,761,932.00 119,047.00 55,555.87 174,602.87

55 4,642,885.00 119,047.00 54,166.99 173,213.99

56 4,523,838.00 119,047.00 52,778.11 171,825.1157 4,404,791.00 119,047.00 51,389.23 170,436.23

58 4,285,744.00 119,047.00 50,000.35 169,047.35

59 4,166,697.00 119,047.00 48,611.47 167,658.47

60 4,047,650.00 119,047.00 47,222.58 166,269.58

TOTAL 1,428,564.00 658,337.19 2,086,901.19



61 3,928,603.00 119,047.00 45,833.70 164,880.70

62 3,809,556.00 119,047.00 44,444.82 163,491.82

63 3,690,509.00 119,047.00 43,055.94 162,102.94

64 3,571,462.00 119,047.00 41,667.06 160,714.06

65 3,452,415.00 119,047.00 40,278.18 159,325.18

66 3,333,368.00 119,047.00 38,889.29 157,936.29

67 3,214,321.00 119,047.00 37,500.41 156,547.41

68 3,095,274.00 119,047.00 36,111.53 155,158.53

69 2,976,227.00 119,047.00 34,722.65 153,769.65

70 2,857,180.00 119,047.00 33,333.77 152,380.77

71 2,738,133.00 119,047.00 31,944.89 150,991.89

72 2,619,086.00 119,047.00 30,556.00 149,603.00

5th YEAR

6th YEAR

78 1 904 804 00 119 047 00 22 222 71 141 269 71


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78 1,904,804.00 119,047.00 22,222.71 141,269.71

79 1,785,757.00 119,047.00 20,833.83 139,880.83

80 1,666,710.00 119,047.00 19,444.95 138,491.95

81 1,547,663.00 119,047.00 18,056.07 137,103.07

82 1,428,616.00 119,047.00 16,667.19 135,714.19

83 1,309,569.00 119,047.00 15,278.31 134,325.31

84 1,190,522.00 119,047.00 13,889.42 132,936.42

TOTAL 1,428,564.00 258,339.27 1,686,903.27



85 1,071,475.00 119,047.00 12,500.54 131,547.54

86 952,428.00 119,047.00 11,111.66 130,158.66

87 833,381.00 119,047.00 9,722.78 128,769.78

88 714,334.00 119,047.00 8,333.90 127,380.90

89 595,287.00 119,047.00 6,945.02 125,992.02

90 476,240.00 119,047.00 5,556.13 124,603.13

91 357,193.00 119,047.00 4,167.25 123,214.25

92 238,146.00 119,047.00 2,778.37 121,825.37

93 119,099.00 119,099.00 1,389.49 120,488.49

TOTAL 1,071,475.00 62,505.14 1,133,980.14

8th YEAR


24/28

Balance

10,000,000.00

10,000,000.00

10,000,000.00

10,000,000.0010,000,000.00

10,000,000.00

10,000,000.00

10,000,000.00

10,000,000.00

9,880,953.009,761,906.00

9,642,859.00

Balance

9,523,812.00

9,404,765.00

9,285,718.00

9,166,671.00

9,047,624.00

8,928,577.00

8,809,530.00


25/28

Balance, , .

7,976,201.00

7,857,154.00

7,738,107.00

7,619,060.00

7,500,013.00

7,380,966.00

7,261,919.00

7,142,872.00

7,023,825.00

6,904,778.00

6,785,731.00

Balance6,666,684.00

6,547,637.00

6,428,590.00

6,309,543.00

6,190,496.006,071,449.00

5,952,402.00

5,833,355.00

5,714,308.00

5,595,261.00

5,476,214.005,357,167.00


26/28

Balance

5,238,120.00

5,119,073.005,000,026.00

4,880,979.00

4,761,932.00

4,642,885.00

4,523,838.00

4,404,791.004,285,744.00

4,166,697.00

4,047,650.00

3,928,603.00

Balance

3,809,556.00

3,690,509.00

3,571,462.00

3,452,415.00

3,333,368.00

3,214,321.00

3,095,274.00

2,976,227.00

2,857,180.00

2,738,133.00

2,619,086.00

2,500,039.00

1,785,757.00


27/28

, ,

1,666,710.00

1,547,663.00

1,428,616.00

1,309,569.00

1,190,522.00

1,071,475.00

Balance

952,428.00

833,381.00

714,334.00

595,287.00

476,240.00

357,193.00

238,146.00

119,099.00

-


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2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

Particulars Amount Amount Amount Amount Amount Amount Amount

Current Assets :-

Cash and bank balances 55000 55000 55000 55000 55000 55000 55000

Receivables 10034490 12010640 13283329 14806979 15808674 17177185 18288820

Closing Stock 6219837 8250390 10538507 12884113 15092781 17284175 18669210

1Total current Assets 1 16309327 20316030 23876835 27746092 30956455 34516361 37013030

Current Liabilities :- 2 7000000 7866250 8916645 10090358 10910043 12003749 12870931

Working Capital Gap 3-- (1-2 ) 9309327 12449780 14960190 17655733 20046412 22512612 24142099

25% of CA 4 4077332 5079007 5969209 6936523 7739114 8629090 9253258

MPBF :- (3-4) 5231995 7370772 8990981 10719210 12307298 13883522 14888842


CALCULATION OF MAXIMUM PERMISSABLE BANK FINANCE

project ginning factory

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