SR3 MICRO MINERALS

QUARTZ GRAINS MANUFACTURING UNIT 6,000 tons per month

PROJECT COST Units Per `

1 Total Plant & Machinery 15,548,100 74%
6 Civil Works 300,000 1%
2 Electrical & Equipments 1,477,500 7%
3 Electrical Fittings 52,400 0%
3 Electrical Power Fees 700,000 3%
4 Furniture & Fittings 256,000 1%
5 Motor Bikes - 2 wheelers 3 70,000 210,000 1%
7 Computers & Mobiles 200,000 1%
7 Preliminary Expenses 300,000 1%
8 Working Capital 1,956,000 9%
Lease Rental Advance 5 1,200,000 1%
Salaries 456,000 9%

General & Admin Overheads 300,000 0%

Total Project Cost 21,000,000 100%

1 Equity Component 5,300,000 25%

2 Loan Component - Term Loan 15,700,000 75%

Total Source of Funding 21,000,000

-

1
SR3 MICRO MINERALS
FINANCIAL SUMMARY Rs. Lakhs

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Annual Output - tons 36,000 43,200 46,800 50,400 50,400

INCOME - Rs. Lakhs 1,332 1,678 1,909 2,159 2,267
EBITDA 342 383 445 521 545
NET PROFIT 197 228 274 330 351

OWNERS CAPITAL 53 53 53 53 53
NET WORTH 250 364 501 666 841
LONG TERM LBLTYS 134 108 77 41 (0)

EBITDA MARGIN 26% 23% 23% 24% 24%

NET MARGIN 15% 14% 14% 15% 15%
Inventory - Days 30 30 30 30 30
Payables - Days 15 15 15 15 15
Receivables - Days 37 30 30 30 30

DEBT - EQUITY Ratio 0.54 0.30 0.15 0.06 (0.00)

DSCR 5.47 6.05 6.92 7.99 8.32

Menasa-Mahba 07/05/2019 01:38:22

SR3 MICRO MINERALS

INCOME STATEMENT Rs. 12 months 12 months 12 months 12 months 12 months

QUARTZ GRAINS UNIT Year 1 Year 2 Year 3 Year 4 Year 5

Capacity Utilization 50% 60% 65% 70% 70%
Annual Production tons 36,000 43,200 46,800 50,400 50,400
Sale Price per ton - Net of GST 3,700 Rs. 3,700 3,885 4,079 4,283 4,497
Total Sale Value Rs. 133,200,000 167,832,000 190,908,900 215,873,910 226,667,606
Raw Material Cost 1,600 Per ton 1,600 1,680 1,764 1,852 1,945
Total Purchase Value 67,764,706 85,383,529 97,123,765 109,824,565 115,315,793
Packing - Bags 450 Per ton 16,200,000 19,440,000 21,060,000 22,680,000 22,680,000
Spares - Maintenance 200 Per ton 7,200,000 8,640,000 9,360,000 10,080,000 10,080,000
Power & Fuel 119 Per ton 3,888,000 4,898,880 5,572,476 6,301,184 6,616,244
Direct - Salary & Wages 5,472,000 6,019,200 6,621,120 7,283,232 8,011,555
Factory Shed - Lease Rental 3,024,000 3,326,400 3,659,040 4,024,944 4,427,438
Other Direct Cost 50 Per ton 1,800,000 2,160,000 2,340,000 2,520,000 2,520,000
Depreciation 2,620,105 2,473,614 2,222,444 1,899,712 1,874,327
Sub-Total 107,968,811 132,341,623 147,958,844 164,613,637 171,525,357
Opening - Stock of Raw Materials - 7,597,059 9,455,294 10,628,647 11,882,047
Closing - Stock of Raw Materials 7,597,059 9,455,294 10,628,647 11,882,047 12,339,649
Cost of Sales 100,371,752 130,483,388 146,785,492 163,360,237 171,067,754
GROSS PROFIT 32,828,248 37,348,612 44,123,408 52,513,673 55,599,851
General & Admin Expenditure 1,200,000 1,500,000 1,875,000 2,343,750 2,929,688
OPERATING PROFIT BEFORE INTEREST 31,628,248 35,848,612 42,248,408 50,169,923 52,670,164
Finance Cost 100 Per ton 2,202,499 1,836,056 1,410,704 916,976 343,879
Other Income - Int income - - - - -
P.B.T 29,425,749 34,012,557 40,837,704 49,252,947 52,326,285
Tax Provision 33% 9,710,497 11,224,144 13,476,442 16,253,472 17,267,674

Net Profit 19,715,252 22,788,413 27,361,262 32,999,474 35,058,611

Profit - Payout 0% 50% 50% 50% 50%
Dividend - 11,394,206 13,680,631 16,499,737 17,529,305
Retained Earnings - B/L 19,715,252 11,394,206 13,680,631 16,499,737 17,529,305
RATIOS 5 Yr Avg
EBITDA MARGIN 24% Average 26% 23% 23% 24% 24%

Menasa-Mahba 07/05/2019 01:38:22

SR3 MICRO MINERALS

NET MARGIN 15% Average 15% 14% 14% 15% 15%

DEBT EQUITY RATIO 0.21 Average 0.54 0.30 0.15 0.06 0.00
DEBT COVERAGE DCR 7.32 Average 5.47 6.05 6.92 7.99 8.32
3

Menasa-Mahba 07/05/2019 01:38:22

SR3 MICRO MINERALS

BALANCE SHEET - Rs.

LIABILITIES Year 1 Year 2 Year 3 Year 4 Year 5
ShareCapital 5,300,000 5,300,000 5,300,000 5,300,000 5,300,000
General Reserves 19,715,252 31,109,458 44,790,089 61,289,826 78,819,132
Net Worth 25,015,252 36,409,458 50,090,089 66,589,826 84,119,132
Long Term Loans 13,420,476 10,774,509 7,703,191 4,138,144 (0)
Unsecured Loans - - - - -
Current Liabilities
Sundry Creditors 2,823,529 3,557,647 4,046,824 4,576,024 4,804,825
Provisions - Tax 9,710,497 11,224,144 13,476,442 16,253,472 17,267,674
W.Capital Loan - - - - -
Instalments due for LTL within 1 year 2,279,524 2,645,967 3,071,318 3,565,047 4,138,144
Other current liabilities 100,000 105,000 110,250 115,763 121,551
Total Liabilities 53,349,278 64,716,725 78,498,114 95,238,275 110,451,325
ASSETS
Fixed Assets-Gross 18,694,000 20,069,000 20,919,000 20,919,000 22,919,000
Depreciation 2,620,105 5,093,719 7,316,162 9,215,875 11,090,201
Net Fixed Assets 16,073,895 14,975,281 13,602,838 11,703,125 11,828,799
Investments - Deposits - 1,500,000 2,500,000 2,500,000 3,000,000

Current Assets
Cash in hand & Bank 8,139,737 15,165,980 25,471,280 39,992,698 52,868,492
Inventory 7,597,059 9,455,294 10,628,647 11,882,047 12,339,649
Sundry Debtors 13,320,000 13,986,000 15,909,075 17,989,493 18,888,967
Loans & Advances 2,900,000 2,900,000 2,900,000 2,900,000 2,900,000
Other C.Assets 5,018,588 6,524,169 7,339,275 8,168,012 8,553,388
Preliminary Exps 300,000 210,000 147,000 102,900 72,030
Total Assets 53,349,278 64,716,725 78,498,114 95,238,275 110,451,325

Check - - - - - 4

Menasa-Mahba 07/05/2019 01:38:22

SR3 MICRO MINERALS

CASH FLOW STATEMENT - Rs. Year 1 Year 2 Year 3 Year 4 Year 5

Net Profit After Tax 19,715,252 22,788,413 27,361,262 32,999,474 35,058,611
Depreciation 2,620,105 2,473,614 2,222,444 1,899,712 1,874,327
Operating Profit before working capital changes 22,335,357 25,262,027 29,583,705 34,899,186 36,932,937
ADJUSTMENTS FOR
(Inc) / Dec in Sundry Debtors (13,320,000) (666,000) (1,923,075) (2,080,418) (899,475)
(Inc) / Dec in Loans & Advanc (1,000,000) - - - -
(Inc) / Dec in Inventory (7,597,059) (1,858,235) (1,173,353) (1,253,400) (457,602)
(Inc) / Dec in other C.Assets (4,562,588) (1,505,582) (815,105) (828,737) (385,376)
Inc / (Dec) in Sundry Creditors 2,823,529 734,118 489,176 529,200 228,801
Inc / (Dec) in other C.Lbltys 2,379,524 371,444 430,601 499,241 578,885
Inc / (Dec) in Provisions 9,710,497 1,513,647 2,252,299 2,777,030 1,014,202
Cash Flows from Operations - A 10,769,260 23,851,418 28,844,249 34,542,102 37,012,373
(Purchase) / Sale of
Fixed Assets (650,000) (1,375,000) (850,000) - (2,000,000)
(Purchase) / Sale of - (1,500,000) (1,000,000) - (500,000)
Investments
(Inc)/Dec in Prelim Exps - 90,000 63,000 44,100 30,870
Cash Flows from Investment Activities - B (650,000) (2,785,000) (1,787,000) 44,100 (2,469,130)
Increase / Dec In Capital - - - - -
Working capital rec / ( payt ) - - - - -
Term loan rec / (payt) (2,279,524) (2,645,967) (3,071,318) (3,565,047) (4,138,144)
Secured loan rec / (payt) - - - - -
Dividend Payment - (11,394,206) (13,680,631) (16,499,737) (17,529,305)
Cash Flows from Financing Activities - C (2,279,524) (14,040,174) (16,751,949) (20,064,784) (21,667,450)
Net Cash Flows (A+B+C) 7,839,737 7,026,244 10,305,299 14,521,419 12,875,793
Opening Balance of Cash 300,000 8,139,737 15,165,980 25,471,280 39,992,698
Closing Balance of Cash 8,139,737 15,165,980 25,471,280 39,992,698 52,868,492

Check - - - - - 5

Menasa-Mahba 07/05/2019 01:38:22

SR3 MICRO MINERALS

BREAK EVEN & MARGIN ANALYSIS Rs.

BREAK - EVEN ANALYSIS Rs. Year 1 Year 2 Year 3 Year 4 Year 5

No of Tons Sold Per Year 36,000 43,200 46,800 50,400 50,400

Total Sales Per Year 133,200,000 167,832,000 190,908,900 215,873,910 226,667,606

1 Raw Material Cost Per Year 67,764,706 85,383,529 97,123,765 109,824,565 115,315,793
2 Packing Bags & Spares Per Year 23,400,000 28,080,000 30,420,000 32,760,000 32,760,000
3 Stock in Progress Per Year (7,597,059) (1,858,235) (1,173,353) (1,253,400) (457,602)
Total Variable Cost Per Ton 83,567,647 111,605,294 126,370,412 141,331,165 147,618,191
Gross Contribution 49,632,353 56,226,706 64,538,488 74,542,745 79,049,415

4 Power & Fuel Per Year 3,888,000 4,898,880 5,572,476 6,301,184 6,616,244
5 Direct Wages - Salaries Per Year 5,472,000 6,019,200 6,621,120 7,283,232 8,011,555
6 Factory Shed - Lease Per Year 3,024,000 3,326,400 3,659,040 4,024,944 4,427,438
7 Other Direct Cost Per Year 1,800,000 2,160,000 2,340,000 2,520,000 2,520,000
8 Depreciation Per Year 2,620,105 2,473,614 2,222,444 1,899,712 1,874,327
6 Finance Cost Per Year 2,202,499 1,836,056 1,410,704 916,976 343,879

Total Fixed Cost Per Year 19,006,604 20,714,149 21,825,784 22,946,049 23,793,443
Operating Profit Per year 30,625,749 35,512,557 42,712,704 51,596,697 55,255,972
8 Break Even Sales - Rs Per year 51,008,658 61,829,998 64,562,040 66,451,178 68,225,712
9 Break Even Sales - Tons Per year 13,786 15,915 15,827 15,514 15,170
Market Price - Avg Per Ton 3,700 3,885 4,079 4,283 4,497

Break Even % 38% 37% 34% 31% 30%

Menasa-Mahba 07/05/2019 01:38:22

SR3 MICRO MINERALS
TOTAL POWER CONSUMPTION

POWER CONSUMPTION
HP 180 KVA 135 Year 1 Year 2 Year 3 Year 4 Year 5
Production Tons per year 36,000 43,200 46,800 50,400 50,400
Kwh power required per ton 14 14 14 14 14
Total kwh units consumed per year 486,000 583,200 631,800 680,400 680,400

Total Power Units consumed 486,000 583,200 631,800 680,400 680,400

Unit Rate per kwh Rs. 8.00 8.00 8.40 8.82 9.26 9.72

Total Power Cost Rs 3,888,000 4,898,880 5,572,476 6,301,184 6,616,244

Power Bill per ton Rs 108 113 119 125 131
tons tons
HP Conv Units/hour Capacity pm Hours monthly Hourly capacity kwh per ton
180 0.75 135 4,000 400 10.00 13.5

Menasa-Mahba 07/05/2019 01:38:22

6

Menasa-Mahba 07/05/2019 01:38:22

 SR3 MICRO MINERALS
Tentative Loan - EMI Repayment Schedule Rs.

Loan Amount 15,700,000 Years 5

Moratoriuam 3 months Interest 15%
Repayment 60 monthy EMIs 373,502
per annum
per ton Year Op. Bal. Instalment Interest Principal Cl. Bal.
1 15,700,000 4,482,023 2,202,499 2,279,524 13,420,476
2 13,420,476 4,482,023 1,836,056 2,645,967 10,774,509
3 10,774,509 4,482,023 1,410,704 3,071,318 7,703,191
4 7,703,191 4,482,023 916,976 3,565,047 4,138,144
5 4,138,144 4,482,023 343,879 4,138,144 (0)
Total 22,410,114 6,710,114 15,700,000
Check -

Menasa-GAFC 07/05/2019 01:38:22

 SR3 MICRO MINERALS
MONTHLY LEASE - SHED OPER EXPENSES Rs.
Sl. Title SFT PSFT Total
1 FACTORY SHED - LEASE 16000 15 240,000
2 Maintenance 5% 12,000

Total Annual Lease Cost 3,024,000

8
 SR3 MICRO MINERALS
MONTHLY SALARY SCHEDULE Rs.
Sl. Title Nos. Salary Total
1 Manager 1 100,000 100,000
2 Supervisor 1 25,000 25,000
4 Accountant 1 15,000 15,000
5 Mine Liasoner 1 15,000 15,000
6 Operators 4 15,000 60,000
7 Fitter / Electrician 1 15,000 15,000
8 Welder 1 15,000 15,000
9 Semi Skilled labour 6 12,000 72,000
10 Unskilled Labour 7 9,000 63,000
Total 380,000
Perks - bonus - esi etc., 20% 76,000
Total Monthly salaries 456,000

Menasa-Mahba 07/05/2019 01:38:22

SR3 MICRO MINERALS
IRR CALCULATION Project - IRR Equity - IRR

Rs.
1 2 4 5 6 7 8 9 10 10
Yrs Gross Operating Finance Depreciation Income Actual Partners Net Free
Revenue Profit Cost Tax Profit Payout Profit Cash flows
2-3 8-9
TPC Equity
(21,000,000) (5,300,000)
1 133,200,000 34,248,353 2,202,499 2,620,105 9,710,497 19,715,252 - 19,715,252 10,119,260
2 167,832,000 38,322,226 1,836,056 2,473,614 11,224,144 22,788,413 11,394,206 11,394,206 9,672,211
3 190,908,900 44,470,852 1,410,704 2,222,444 13,476,442 27,361,262 13,680,631 13,680,631 13,376,618
4 215,873,910 52,069,635 916,976 1,899,712 16,253,472 32,999,474 16,499,737 16,499,737 18,086,465

5 226,667,606 54,544,490 343,879 1,874,327 17,267,674 35,058,611 17,529,305 17,529,305 17,013,937

Project - IRR Equity IRR
72% 198%

Pay back Period 2 Years

### 10

Menasa-Mahba 07/05/2019 01:38:22

SR3 MICRO MINERALS

SENSITIVITY ANALYSIS
Rs.
Cost Per Ton of Raw material 1,600 PROJECT IRR 72%

Sale Price Per Ton of Goods 3,700 EBITDA 26%

Cost Price

72% 1,200 1,400 1,600 1,800 1,900

3,500
Selling Price

3,600
3,700
3,800
3,900

11

Menasa-Mahba 07/05/2019 01:38:22

SR3 MICRO MINERALS

2019-20 Year 1
Opening G.Block 18,044,000 0 650,000 0 Closing Gross Block
Depn - Depn for the year 2,620,105 Total Depn
Net Block 18,044,000 Closing Net Blcok
Check
Particulars Rate WDV as on Addition Deduction Total Dep for the Year
01/04/2018
More than 180 Less than Normal Additional Total
Days 180 Days
Rate Amou
Rs. Rs. Rs. Rs. Rs. Rs. nt
Rs. Rs.
PLANT & MACHINERY (15%) 15% 15,548,100 500,000 0 16,048,100 2,369,715 2,369,715
15% 0 0 0 0
FURNITURE & FIXTURES 15% 256,000 0 256,000 38,400 38,400
0 0 0 0 0
0 0 0 0 0
LAND 0 0 0 0
LAND & CIVIL WORKS 300,000 0 300,000 0 0

VEHICLES
VEHICLES 15% 210,000 0 210,000 31,500 31,500

TEST EQUIPMENT
TOOLS & TESTING EQUIPMENT 10% 0 0 0 0 0

ELECTRICAL FITTINGS 0
ELECTRICAL EQUIPMENTS 10% 1,477,500 100,000 0 1,577,500 152,750 152,750
ELECTRICAL FITTINGS 10% 52,400 0 0 52,400 5,240 5,240

OFFICE EQUIPMENT

Menasa-Mahba 07/05/2019 01:38:22

MOBILE PHONE 10% 0 25,000 0 25,000 1,250 1,250
OFFICE EQUIPMENT 10% 200,000 25,000 0 225,000 21,250 21,250
Total 18,044,000 0 650,000 0 18,694,000 2,620,105 0 2,620,105
0

Menasa-Mahba 07/05/2019 01:38:22

 2020-21 Year 2
Opening G.Block 18,694,000 1,375,000 0 0 Closing Gross Block
Depn 2,620,105 Depn for the year 2,473,614 Total Depn
Net Block 16,073,895 Closing Net Blcok
Check
Particulars Rate WDV as on Addition Deduction Total Dep for the Year
01/04/2019
More than 180 Less than Normal Additional Total
Days 180 Days
Rate Amou
Rs. Rs. Rs. Rs. Rs. Rs. nt
Rs. Rs.
PLANT & MACHINERY (15%) 15% 13,678,385 500,000 0 14,178,385 2,126,758 2,126,758
0 15% 0 0 0 0 0
FURNITURE & FIXTURES 15% 217,600 500,000 0 717,600 107,640 107,640
0 0% 0 0 0 0 0
0 0% 0 0 0 0 0
LAND 0% 0 0 0 0
LAND & CIVIL WORKS 300,000 0 300,000 0 0
0
VEHICLES 0
VEHICLES 15% 178,500 100,000 0 278,500 41,775 41,775
0
TEST EQUIPMENT 0
TOOLS & TESTING EQUIPMENT 10% 0 0 0 0 0

0
ELECTRICAL FITTINGS 0

ELECTRICAL EQUIPMENTS 10% 1,424,750 100,000 0 1,524,750 152,475 152,475

ELECTRICAL FITTINGS 10% 47,160 100,000 0 147,160 14,716 14,716
0
OFFICE EQUIPMENT 0
MOBILE PHONE 10% 23,750 50,000 0 73,750 7,375 7,375
OFFICE EQUIPMENT 10% 203,750 25,000 0 228,750 22,875 22,875

Menasa-Mahba 07/05/2019 01:38:22

Total 16,073,895 1,375,000 0 0 17,448,895 2,473,614 0 0 2,473,614
0

Menasa-Mahba 07/05/2019 01:38:22

 2021-22 Year 3
Opening G.Block 20,069,000 850,000 0 0 Closing Gross Block
Depn 5,093,719 Depn for the year 2,222,444 Total Depn
Net Block 14,975,281 Closing Net Blcok
Check
Particulars Rate WDV as on Addition Deduction Total Dep for the Year
01/04/2020
More than 180 Less than Normal Additional Total
Days 180 Days
Rate Amou
Rs. Rs. Rs. Rs. Rs. Rs. nt
Rs. Rs.
PLANT & MACHINERY (15%) 15% 12,051,627 500,000 0 12,551,627 1,882,744 1,882,744
0 15% 0 0 0 0 0
FURNITURE & FIXTURES 15% 609,960 0 609,960 91,494 91,494
0 0% 0 0 0 0 0
0 0% 0 0 0 0 0
LAND 0% 0 0 0 0
LAND & CIVIL WORKS 300,000 0 300,000 0 0
0
VEHICLES 0
VEHICLES 15% 236,725 0 236,725 35,509 35,509
0
TEST EQUIPMENT 0
TOOLS & TESTING EQUIPMENT 10% 0 0 0 0 0

0
ELECTRICAL FITTINGS 0

ELECTRICAL EQUIPMENTS 10% 1,372,275 200,000 0 1,572,275 157,228 157,228

ELECTRICAL FITTINGS 10% 132,444 100,000 0 232,444 23,244 23,244
0
OFFICE EQUIPMENT 0
MOBILE PHONE 10% 66,375 25,000 0 91,375 9,138 9,138
OFFICE EQUIPMENT 10% 205,875 25,000 0 230,875 23,088 23,088

Menasa-Mahba 07/05/2019 01:38:22

Total 14,975,281 850,000 0 0 15,825,281 2,222,444 0 0 2,222,444

Menasa-Mahba 07/05/2019 01:38:22

 2022-23 Year 4
Opening G.Block 20,919,000 0 0 0 Closing Gross Block
Depn 7,316,162 Depn for the year 1,899,712 Total Depn
Net Block 13,602,838 Closing Net Blcok
Check
Particulars Rate WDV as on Addition Deduction Total Dep for the Year
01/04/2021
More than 180 Less than Normal Additional Total
Days 180 Days
Rate Amou
Rs. Rs. Rs. Rs. Rs. Rs. nt
Rs. Rs.
PLANT & MACHINERY (15%) 15% 10,668,883 0 10,668,883 1,600,332 1,600,332
0 15% 0 0 0 0 0
FURNITURE & FIXTURES 15% 518,466 0 518,466 77,770 77,770
0 0% 0 0 0 0 0
0 0% 0 0 0 0 0
LAND 0% 0 0 0 0
LAND & CIVIL WORKS 300,000 0 300,000 0 0
0
VEHICLES 0
VEHICLES 15% 201,216 0 201,216 30,182 30,182
0
TEST EQUIPMENT 0
TOOLS & TESTING EQUIPMENT 10% 0 0 0 0 0

0
ELECTRICAL FITTINGS 0

ELECTRICAL EQUIPMENTS 10% 1,415,048 0 1,415,048 141,505 141,505

ELECTRICAL FITTINGS 10% 209,200 0 209,200 20,920 20,920
0
OFFICE EQUIPMENT 0
MOBILE PHONE 10% 82,238 0 82,238 8,224 8,224
OFFICE EQUIPMENT 10% 207,788 0 207,788 20,779 20,779

Menasa-Mahba 07/05/2019 01:38:22

Total 13,602,838 0 0 0 13,602,838 1,899,712 0 0 1,899,712

Menasa-Mahba 07/05/2019 01:38:22

 2023-24 Year 5
Opening G.Block 20,919,000 2,000,000 0 0 Closing Gross Block
Depn 9,215,875 Depn for the year 1,874,327 Total Depn
Net Block 11,703,125 Closing Net Blcok
Check
Particulars Rate WDV as on Addition Deduction Total Dep for the Year
01/04/2023
More than 180 Less than Normal Additional Total
Days 180 Days
Rate Amou
Rs. Rs. Rs. Rs. Rs. Rs. nt
Rs. Rs.
PLANT & MACHINERY (15%) 15% 9,068,551 1,000,000 0 10,068,551 1,510,283 1,510,283
0 15% 0 0 0 0 0
FURNITURE & FIXTURES 15% 440,696 0 440,696 66,104 66,104
0 0% 0 0 0 0 0
0 0% 0 0 0 0 0
LAND 0% 0 0 0 0
LAND & CIVIL WORKS 300,000 0 300,000 0 0
0
VEHICLES 0
VEHICLES 15% 171,034 0 171,034 25,655 25,655
0
TEST EQUIPMENT 0
TOOLS & TESTING EQUIPMENT 10% 0 0 0 0 0

0
ELECTRICAL FITTINGS 0

ELECTRICAL EQUIPMENTS 10% 1,273,543 500,000 0 1,773,543 177,354 177,354

ELECTRICAL FITTINGS 10% 188,280 500,000 0 688,280 68,828 68,828
0
OFFICE EQUIPMENT 0
MOBILE PHONE 10% 74,014 0 74,014 7,401 7,401
OFFICE EQUIPMENT 10% 187,009 0 187,009 18,701 18,701

Menasa-Mahba 07/05/2019 01:38:22

Total 11,703,125 2,000,000 0 0 13,703,125 1,874,327 0 0 1,874,327

Menasa-Mahba 07/05/2019 01:38:22

 2024-25 Year 6
Opening G.Block 22,919,000 1,250,000 0 0 Closing Gross Block
Depn 11,090,201 Depn for the year 1,764,292 Total Depn
Net Block 11,828,799 Closing Net Blcok
Check
Particulars Rate WDV as on Addition Deduction Total Dep for the Year
01/04/2024
More than 180 Less than Normal Additional Total
Days 180 Days
Rate Amou
Rs. Rs. Rs. Rs. Rs. Rs. nt
Rs. Rs.
PLANT & MACHINERY (15%) 15% 8,558,268 50,000 0 8,608,268 1,291,240 1,291,240
0 15% 0 0 0 0 0
FURNITURE & FIXTURES 15% 374,592 0 374,592 56,189 56,189
0 0% 0 200,000 0 200,000 0 0
0 0% 0 0 0 0 0
LAND 0% 0 0 0 0
LAND & CIVIL WORKS 300,000 0 300,000 0 0
0
VEHICLES 0
VEHICLES 15% 145,379 1,000,000 0 1,145,379 171,807 171,807
0
TEST EQUIPMENT 0
TOOLS & TESTING EQUIPMENT 10% 0 0 0 0 0

0
ELECTRICAL FITTINGS 0

ELECTRICAL EQUIPMENTS 10% 1,596,188 0 1,596,188 159,619 159,619

ELECTRICAL FITTINGS 10% 619,452 0 619,452 61,945 61,945
0
OFFICE EQUIPMENT 0
MOBILE PHONE 10% 66,612 0 66,612 6,661 6,661
OFFICE EQUIPMENT 10% 168,308 0 168,308 16,831 16,831

Menasa-Mahba 07/05/2019 01:38:22

Total 11,828,799 1,250,000 0 0 13,078,799 1,764,292 0 0 1,764,292

Menasa-Mahba 07/05/2019 01:38:22

 18,694,000
2,620,105
16,073,895
-
WDV as on
31/03/2019

Rs.
13,678,385
0
217,600
0
0
0
300,000

178,500

1,424,750
47,160

Menasa-Mahba 07/05/2019 01:38:22

 23,750
203,750
16,073,895
0 12

Menasa-Mahba 07/05/2019 01:38:22

 20,069,000
5,093,719
14,975,281
-
WDV as on
31/03/2020

Rs.
12,051,627
0
609,960
0
0
0
300,000
0
0
236,725
0
0
0

0
0

1,372,275
132,444
0
0
66,375
205,875

Menasa-Mahba 07/05/2019 01:38:22

14,975,281
13

Menasa-Mahba 07/05/2019 01:38:22

 20,919,000
7,316,162
13,602,838
-
WDV as on
31/03/2021

Rs.
10,668,883
0
518,466
0
0
0
300,000
0
0
201,216
0
0
0

0
0

1,415,048
209,200
0
0
82,238
207,788

Menasa-Mahba 07/05/2019 01:38:22

13,602,838
14

Menasa-Mahba 07/05/2019 01:38:22

 20,919,000
9,215,875
11,703,125
-
WDV as on
31/03/2022

Rs.
9,068,551
0
440,696
0
0
0
300,000
0
0
171,034
0
0
0

0
0

1,273,543
188,280
0
0
74,014
187,009

Menasa-Mahba 07/05/2019 01:38:22

11,703,125
15

Menasa-Mahba 07/05/2019 01:38:22

 22,919,000
11,090,201
11,828,799
-
WDV as on
31/03/2024

Rs.
8,558,268
0
374,592
0
0
0
300,000
0
0
145,379
0
0
0

0
0

1,596,188
619,452
0
0
66,612
168,308

Menasa-Mahba 07/05/2019 01:38:22

11,828,799
16

Menasa-Mahba 07/05/2019 01:38:22

 24,169,000
12,854,493
11,314,507
-
WDV as on
31/03/2025

Rs.
7,317,028
0
318,403
200,000
0
0
300,000
0
0
973,572
0
0
0

0
0

1,436,570
557,507
0
0
59,951
151,477

Menasa-Mahba 07/05/2019 01:38:22

11,314,507
17

Menasa-Mahba 07/05/2019 01:38:22

SR3 MICRO MINERALS
DCF VALUATION - ( Discounted Cash Flow )
NPV
Year 1 Year 2 Year 3 Year 4 Year 5 Err:509 Err:509 Err:509 Err:509 Err:509

YEARS 1 2 3 4 5 6 7 8 9 10
Capital
Free Cash FlowS (5,300,000) 10,119,260 9,672,211 13,376,618 18,086,465 17,013,937 Err:509 Err:509 Err:509 Err:509 Err:509

Cost of Capital (CAPM Method) #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!

Discounted Cash Flow - #REF! #REF! #REF! #REF! #REF! Err:509 Err:509 Err:509 Err:509 Err:509

Terminal Growth rate 0% - - - - - - - - - - -

Present Value of Future Free Cash Flows #REF!

Terminal Value -

Investments -
Cash -
Total Value #REF!

Capital Invested 5,300,000 NPV - at different k - discount rate in Rs. Cr

#REF! 15% 16% #REF! 20% 22%

NPV OF THE PROJECT #REF! EQUITY IRR Err:509 - #REF! #REF! #REF! #REF!

Weighted average cost of capital - CAPM #REF!

Risk free Rate - Rf 14%
Expected Market Return 28% Beta 1.50
Risk Premium 14%
Cost of Equity - CAPM Method 35% Cost of Debt #REF!
Proportion of Equity 100% Proportion Debt 25%

12

Menasa 07/05/201901:38:22