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Item
Raw material incl. consumables
Stock-in-process
finished goods
book depots
tot. current assets
less: margin for working capital from long term sources
( 25% of total current assets)
Less: trade deficit for raw materials & consumables
Bank finance for working capital
Norms in
months
1.5
0.03
0.5
1
0.5
0.5
Yr-1
14.04
0.32
5.34
14.4
34.1
Yr-2
16.85
0.38
6.38
17.28
40.89
Yr-3
19.66
0.45
7.46
20.16
47.73
8.525
10.2225 11.9325
4.68
5.62
6.55
20.895 25.0475 29.2475
Asset
Basic Cost
Land
Building
Plant and
Machinery
Miscellaneous fixed
assets
Share of
Share of
Preoperative cost Contigency margin Total
10
1.26
0.88
15
1.9
1.32
12.14
18.22
62
7.84
5.45
75.29
0.51
0.35
4.86
3.34%
0.61
7.42%
5.59
7.42%
0.36
6.55
Deprecitaion schedule for income tax purposes (written down value method-Rs in millions)
Year
1
2
3
4
Building
1.822
1.640
1.476
1.328
Plant and
machinery and
misc fixed assets
Total
12.021
13.843
10.218
11.8578
8.685
10.161
7.383
8.711
Sales realization
Year
InstalledCapacity
(TPA)
2880
2880
2880
2880
Capacity utilization
Production (TPA)
Sales realization
50%
1440
172.8
60%
1728
207.36
70%
2016
241.92
70%
2016
241.92
5
1.195
6
1.076
7
0.968
8
0.871
9
0.784
6.275
7.470
5.334
6.410
4.534
5.502
3.854
4.725
3.276
4.060
2880
2880
2880
2880
2880
70%
2016
241.92
70%
2016
241.92
70%
2016
241.92
70%
2016
241.92
70%
2016
241.92
10
0.706
2.784
3.490
10
2880
70%
2016
241.92
sales realisation
Cost of Production
172.8
207.36
241.92
241.92
241.92
112.32
134.78
157.25
157.25
157.25
6.91
8.29
9.68
9.68
9.68
10
12
12.6
13.23
0.5
0.53
0.56
0.60
0.63
17.28
20.736
24.192
24.192
24.192
25.788
32.0156
7.2
7.2
6.53
5.63
4.73
2.72
3.26
3.8
3.8
3.8
Depreciation
6.55
6.55
6.55
6.55
6.55
Operating profit(D-E-F)
9.318
15.0056
0.2
0.2
9.118
14.8056
0.55
2.85
8.568
11.9556
Less: dividend
Add:Depreciation
Raw Materials
Power
wages & salaries
Factory overheads
C
0.2
0.2
5.48
5.92
8.568
5.9556
6.55
6.55
6.55
6.55
6.55
0.2
0.2
0.2
0.2
0.2
15.318
12.7056
7.2
7.2
2.402203
>1.75-2.5%
5.63
4.73
10
241.92
241.92
241.92
241.92
241.92
157.25
157.25
157.25
157.25
157.25
9.68
9.68
9.68
9.68
9.68
13.89
14.59
15.32
16.08
16.89
0.67
0.71
0.75
0.80
0.84
24.192
24.192
24.192
24.192
24.192
2.93
2.03
1.13
0.23
3.8
3.8
3.8
3.8
3.8
6.55
6.55
6.55
6.55
6.55
41.44
65.5
0.2
0.2
0.2
0.2
6.62
6.9
7.12
7.31
10
6.55
6.55
6.55
6.55
0.2
0.2
0.2
0.2
0.2
2.93
2.03
1.13
0.23
Tax Calculation
Year
Profit/loss before tax
Add: depreciation for
company law purposes
Less: Depreciation for
company law purposes
Less:unabsorbed
depreciation of earlier years Gross total income
Total income
Income tax @ 30%
1
9.12
2
14.8
3
20.16
4
20.43
5
20.66
6
20.86
7
21.03
6.55
15.67
6.55
21.35
6.55
26.71
6.55
26.98
6.55
27.21
6.55
27.41
6.55
27.58
13.84
1.83
11.86
9.49
10.16
16.55
8.71
18.27
7.47
19.74
6.41
21.00
5.50
22.08
1.83
1.83
0.55
9.49
9.49
2.85
16.55
16.55
4.96
18.27
18.27
5.48
19.74
19.74
5.92
21.00
21.00
6.30
22.08
22.08
6.62
8
21.16
9
21.24
10
21.29
6.55
27.71
6.55
27.79
6.55
27.84
4.73
22.98
4.06
23.73
3.49
24.35
22.98
22.98
6.90
23.73
23.73
7.12
24.35
24.35
7.31
19.03
25.26
6.55
6.55
0.2
0.2
20.9
4.15
Source of funds
Share issue
Profit before taxation with interest added
back
Depreciation
Preliminary expenses written off
increase in borrowings
increase in borrowings for working cap
Increase in Govt. incentive loan
Total of A
46.68
36.16
Disposition of funds
Capital expenditure for project
Increase in working capital
110.5
29.42
5.85
2.72
3.26
Taxation
0.55
2.85
preliminary expenses
8.5
2
Dividend
Total of B
121
32.69
8.5
11.96
15.3
-121
13.99
24.2
-121
22.49
39.5
NPV
Rs. 121.23
10
30.49
29.85
29.19
28.49
27.75
26.98
26.17
25.32
6.55
6.55
6.55
6.55
6.55
6.55
6.55
6.55
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
4.19
41.43
29.24
36.6
35.94
35.24
34.5
33.73
32.92
32.07
-48
5.89
49.66
20.42
3.8
3.8
3.8
3.8
3.8
3.8
3.8
3.8
4.97
5.48
5.92
6.3
6.62
6.9
7.12
7.31
14.66
22.56
9.28
29.3
9.72
36.5
10.1
43.49
10.42
49.31
10.7
54.97
10.92
59.48
-36.89
63.86
26.77
27.32
26.22
25.14
24.08
23.03
22
89.38
Rs. 0.19
49.33
56.62
62.72
68.63
73.39
78
81.48
153.24
17%
Liabilities
Share capital
Reserves and surplus
Secured Loans
Term Loans
Working capital advance
Unsecured Loans
State Gov loan
Current liabilities and provisions
trade credit
Total
Assets
Fixed assets
Less:Accumulated depreciation
Net fixed assets
Investments
Current assets,loans and advances
Raw materials
Stock-in process
Finished goods
Book debts
Cash and bank balances
Misc expenditure and losses
Preliminary expenses
Total
Years
(Rs in Millions)
50
50
8.57
50
14.53
50
23.72
50
31.66
50
39.40
60
60
20.9
56.25
25.05
48.75
29.24
41.25
29.24
33.75
29.24
11
11
11
11
11
11
121
4.68
155.15
5.62
162.45
6.55
169.26
6.55
169.70
6.55
169.94
110.5
110.5
6.55
103.95
110.5
13.11
97.39
110.5
19.66
90.84
110.5
26.22
84.28
110.5
32.77
77.73
8.5
14.04
0.32
5.34
14.4
15.3
16.85
0.38
6.38
17.28
22.56
19.66
0.45
7.46
20.16
29.3
19.66
0.45
7.46
20.16
36.5
19.66
0.45
7.46
20.16
43.49
2
121
1.8
155.15
1.6
162.44
1.4
169.27
1.2
169.71
1
169.95
110.5
10
50
45.96
50
52.35
50
57.60
50
62.72
50
66.70
26.25
29.24
18.75
29.24
11.25
29.24
3.75
29.24
0
29.24
11
11
11
11
11
6.55
169.00
6.55
167.89
6.55
165.64
6.55
163.26
6.55
163.49
110.5
39.33
71.17
110.5
45.88
64.62
110.5
52.44
58.06
110.5
58.99
51.51
110.5
65.55
44.95
19.66
0.45
7.46
20.16
49.31
19.66
0.45
7.46
20.16
54.97
19.66
0.45
7.46
20.16
59.48
19.66
0.45
7.46
20.16
63.86
19.66
0.45
7.46
20.16
70.85
0.8
169.01
0.6
167.92
0.4
165.67
0.2
163.3
0
163.53
D/E