List of Annexures: S. No. Description

M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS-JORA (JAISINGH NAGAR)
LIST OF ANNEXURES
S. No. DESCRIPTION
1 COST OF THE PROJECT & MEANS OF FINANCE

ESTIMATES OF LAND, SITE DEVELOPMENT, BULDING AND OTHER
2 CIVIL WORKS
3 DETAILS OF MISC. FIXED ASSETS
4 DETAILS OF PRE-OPERATIVE EXPENSES
5 ESTIMATES OF PROBABLE PROFITS
6 PROJECTED REVENUE REALISATION
7 MANPOWER AND ANNUALSALARIES
8 ESTIMATES OF ANNUAL POWER, WATER AND FUEL EXPENSES
9 ESTIMATES OF ANNUAL REPAIR & MAINTENANCE EXPENSES
10 ESTIMATES OF FINANCIAL CHARGES
11 ESTIMATES OF DEPRECIATION
12 COMPUTATION OF INCOME TAX LIABILITY
13 ESTIMATION OF DEBT SERVICE COVERAGE RATIO
14 PROJECTED CASH FLOW STATEMENT
15 PROJECTED BALANCE SHEET STATEMENT
16 YEAR WISE BREAK EVEN ANALYSIS
17 ESTIMATES OF INTERNAL RATE OF RETURN
18 IMPORTANT RATIOS / KEY FINANCIAL PARAMETERS
19 CMA DATA
Goyal & Associates

In front P.N.B., PACHORE- 465683
Distt.-Rajgarh (Biaora) M.P.
: 97523 94354/ 98269 08751
ICS-JORA (JAISINGH NAGAR)
ANNEXURE No.
ANNEXURE-A
ANNEXURE-B
ANNEXURE-C
ANNEXURE-D
ANNEXURE-E
ANNEXURE-F
ANNEXURE-G
ANNEXURE-H
ANNEXURE-I
ANNEXURE-J
ANNEXURE-K
ANNEXURE-L
ANNEXURE-M
ANNEXURE-N
ANNEXURE-O
ANNEXURE-P
ANNEXURE-Q
ANNEXURE-R
ANNEXURE-S
Goyal & Associates

In front P.N.B., PACHORE- 465683
Distt.-Rajgarh (Biaora) M.P.
: 97523 94354/ 98269 08751
M/s: GURUKRIPA COLD STORAGE, WAREHOUSE AND LOGISTICS-JORA (JAISINGH NAGAR)
ANNEXURE - A
COST OF THE PROJECT & MEANS OF FINANCE

(Rs. in lacs.)
S.No. DESCRIPTION AMOUNT
A. COST OF PROJECT
A.1 LAND OWNED
A.2 BUILDING & SITE DEVELOPMENT 180.00
COLD STORAGE (5390 MT) 180.00
Total Cost of Construction 180.00
A.3 MISC. FIXED ASSETS 220.00
A.4 CONTENGENCIES @ 1% 4.00
A.5 PRE-OPERATIVE EXP. 28.32
TOTAL (A) 400.00
B. MEANS OF FINANCE
B.1 EQUITY :
B.1.a PROMOTER CONTRIBUTION 17% 69.00
B.2 DEBT :
B.2.a SUBSIDY FROM NHM/NHB 41% 165.00
(Maximum Subsidy restricted Rs.120.00 lacs)
Susidy From Central Govt. @ 55%
for notified scheduled area of Govt. of Rs. 165.00 lacs
B.2.b TERM LOAN FROM BANK 42% 166.00
(From SFCA/Venture Capital Fund)
TOTAL (B1+B2) 400.00
DEBT EQUITY RATIO 4.80

We are avail facility of Govt. of India, VENETURE CAPITAL SCHEME
FOR AGRIBUSINEE DEVLOPMENT as under-
Small farmers Agri-Business Consortium (SFCA) would provide venture capital to qualifying
projects on the recommendations of the bank financing the project.
(SUBSIDY: 5000 MT @ 6000/- PMT = Rs. 300.00 LACS @ 55% SUBSIDY Rs. 165.00 LACS.)
Goyal & Associates

ANNEXURE - B
ESTIMATES OF LAND, SITE DEVELOPMENT, BUILDING OF COLD STORAGE
(Figures in lacs.)
AREA IN RATE/ TOTAL

S.No. DESCRIPTION WITH SPECIFICATION SIZE
SQMTRS. UNIT AMOUNT
LENGTH WIDTH
(IN MTRS.)
1 LAND OWNED
2 SITE DEVELOPMENT 7.00
2 BUILDING & OTHER CIVIL WORKS
Chambers (Four) with RCC Racks 105.00
Verandah Loading Unloading 17.00
Machine Room 7.00
Hammal Quarters and Office 7.00
Total Estimated Cost of Construction 136.00
Add: Cost of Wodden Log Structure 37.00
Total Estimated Cost of Buildings 173.00
TOTAL OF ANNEXURE--B 180.00
Goyal & Associates

ANNEXURE - C
DETAILS OF PLANT & MACHINERY WITH MISC. FIXED ASSETS

(Ancillary Trading Facilities as per scheme)
(Figures in lacs.)
S.No. DESCRIPTION WITH SPECIFICATION TOTAL AMOUNT
(A) PLANT & MACHINERY : (As per quotation)
1 Plant & Machineries 91.00

2 Industrial Electrification 15.00
3 Insulation Work 101.00
TOTAL (A) 207.00
(B) Other Misc. Fixed Assets :
1 Power Back-up including installation (DG Set 160 KVA) 8.00

2 Matrial Lift 5.00
TOTAL (B) 13.00
TOTAL ASSETS (A+B) 220.00
Goyal & Associates

ANNEXURE - D
DETAILS OF PRE-OPERATIVE EXPENSES
(Figures in lacs.)
S.No. PARTICULARS TOTAL AMOUNT
1 Consultancy Fee 0.50

2 Interest During Construction Period 23.07
3 Testing & Trial Run Expenses 0.25
4 Salary During Construction Period 1.00
5 Deposits and Margins 3.50
TOTAL 28.32
TOTAL PRE-OPERATIVE EXPENSES 28.32
ACTUAL PRE-OP. EXP. (ADJUSTED WITH PROFIT IN 5.66

NEXT 5 YEARS)
Goyal & Associates

ANNEXURE - E
PROFITABILITY PROJECTIONS
(SUBSISY NOT CONSIDERED PART OF DEBT)
(Figures in lacs.)
PARTICULARS OPERATING YEARS
1st YEAR 2nd YEAR 3rd YEAR 4th YEAR 5th YEAR 6th YEAR 7th YEAR
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
INSTALLED CAPACITY (MT/Annum) 5390 5390 5390 5390 5390 5390 5390
STORAGE OF DIFF. SPICES,
VEGITABLES, FRUITS
STORAGE CAPACITY UTILISATION 75% 75% 80% 80% 85% 85% 85%
AS % OF TOTAL CAPACITY
ESTIMATED STORAGE (MT/Annum)- 145.53 145.53 155.23 155.23 164.934 164.934 164.934
RENTAL COLLECTIBLE
TOTAL INCOME (A) 145.53 145.53 155.23 155.23 164.93 164.93 164.93
OPERATING EXPENSES :
AMMONIA COST & FREEZE OIL 0.30 0.32 0.35 0.37 0.41 0.43 0.46
POWER COST 7.93 8.17 8.98 9.25 10.12 10.42 10.74
SALARY & WAGES 6.00 6.60 7.26 7.99 8.78 9.66 10.63
REPAIRS & MAINTANANCE 0.40 0.44 0.48 0.53 0.59 0.64 0.71
INSURANCE 0.50 0.50 0.50 0.50 0.50 0.50 0.50
SUB TOTAL 15.13 16.03 17.57 18.64 20.40 21.66 23.03
ADMINISTRATIVE EXPENSES 0.30 0.33 0.36 0.40 0.44 0.48 0.53
TOTAL OPERATIVE EXPENCES (B) 15.43 16.36 17.94 19.03 20.84 22.15 23.56
OPERATING PROFIT (A-B) 130.10 129.17 137.29 136.20 144.09 142.79 141.37
INTEREST ON TERM LOAN 37.59 31.92 26.24 20.57 14.90 9.22 3.55
DEPRIECIATION 51.00 44.25 38.42 33.39 29.04 25.27 22.01
PRE. EXP. (WRITTEN OFF) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
SUB TOTAL 88.59 76.17 64.67 53.96 43.93 34.49 25.56
NET PROFIT BEFORE TAX (NPBT) 41.50 53.01 72.63 82.24 100.16 108.29 115.81
TAX LIABILITY 7.80 10.10 14.03 15.95 19.53 21.16 22.66
NET PROFIT AFTER TAX (NPAT) 33.70 42.90 58.60 66.29 80.63 87.14 93.15
ADD: DEPRECIATION (WDV) 51.00 44.25 38.42 33.39 29.04 25.27 22.01
CASH AVAILABLITY FOR LIQUDATION- 84.70 87.15 97.03 99.68 109.66 112.41 115.16
OF LOANS
DSCR 1: 2.10 3.25 1.50 1.68 1.77 2.00 2.15 2.34
AVERAGE DSCR 2.10
B.E.P. 63% 51%
DIVIDEND/WIDRAWALS 10.11 12.87 17.58 19.89 24.19 26.14 27.95
RESERVE & SURPLUS 23.59 53.63 94.65 141.05 197.49 258.49 323.69
Goyal & Associates

ANNEXURE - F
PROJECTED REVENUE REALISATION
Total Storage Capicity of the Cold Storage - 5390 Tonnes
(Figures in lacs.)
Storage
Storage in Rate/Ton Rental
S.No. PARTICULARS Space
Tonnes nes (Rs.) Income
(%)
1 Vegetables, Fruits & 100% 5390 300.00 194.04
Potot etc.
REVENUE AT 100% CAPACITY

UTILIZATION OF THE AVAILABLE 5390 194.04
STORAGE (Chamberwise)
Goyal & Associates

ANNEXURE - G
MANPOWER AND ANNUAL SALARIES
(Figures in lacs.)
NOS. SALARY/ MONTHLYL
S.No. CATEGORY
REQUIRED MONTH SALARY
1 Manager 1 12000 0.120

2 Plant Operators 1 10000 0.100
3 Helpers/Assistants 1 7000 0.070
4 Accountants 1 6000 0.060
5 Other Adminstrative Staff 1 5000 0.050
6 Security Staff 2 5000 0.100
TOTAL 7 45000 0.50
TOTAL MANPOWER COST/ANNUM 0.50
Goyal & Associates

ANNUAL
SALARY
1.44
1.20
0.84
0.72
0.60
1.20
6.00
6.00
Goyal & Associates

ANNEXURE - H
ESTIMATES OF ANNUAL POWER, WATER AND FUEL EXPENSES

(Figures in lacs.)
CONNECTED LOAD IN
H.P. K.W.
A. POWER
A.1 TOTAL POWER LOAD 100 75
A 2. UTILISATION (KWH) 40
A 3. LOAD FACTOR 70%
A 4. HOURS OF OPERATION PER DAY 18
A 5. TOTAL POWER CONSUMPTION PER DAY (KWH) 504
A 6. DAYS OF OPERATION 365
A 7. TOTAL POWER CONSUMPTION PER ANNUM (UNITS) 183960

A.6 ANNUAL PERCENTAGE INCREASE IN POWER COST 3%
B. USES OF POWR ELECT. GENSET TOTAL

BOARD POWER POWER
USAGES OF POWER 75.00% 25.00% 100.00%
UNITS SUPPLIED 137970 45990 183960
COST PER UNIT (IN Rs.) 5.50 6.50
ANNUAL POWER COST 7.59 2.99
TOTAL POWER EXP. PER ANNUM AT 10.58

100% CAPACITY
Power Cost at 100% Capacity Utilisation (In Rs Lakhs)
Year 1 10.58
Year 2 10.90
Year 3 11.22
Year 4 11.56
Year 5 11.91
Year 6 12.26
Year 7 12.63
Year 8 13.01
Year 9 13.40
Year 10 13.80
Goyal & Associates

Goyal & Associates

ANNEXURE - I
ESTIMATES OF ANNUAL REPAIR & MAINTENANCE EXPENSES

(Figures in lacs.)
A. BUILDINGS
1st YEAR 180.00 0.1% 0.18
2nd YEAR 180.00 0.1% 0.18
3rd YEAR 180.00 0.1% 0.18
4th YEAR & ONWARDS 180.00 0.1% 0.18
B. MACHINERY
1st YEAR 220.00 0.1% 0.22
2nd YEAR 220.00 0.1% 0.22
3rd YEAR 220.00 0.1% 0.22
4th YEAR & ONWARDS 220.00 0.1% 0.22
TOTAL EXP. PER ANNUM AT 100%

CAPACITY (A+B)
1st YEAR 0.40

2nd YEAR 0.40
3rd YEAR 0.40
4th YEAR & ONWARDS 0.40
Goyal & Associates

ANNEXURE - J
ESTIMATES OF FINANCIAL CHARGES

(Figures in lacs.)
TERM LOAN Rs. 331.00 RATE OF INTEREST @ 12.00%

INTEREST CHARGE IN MONTHLY BASIS
INTEREST
OPENING CLOSING
S.No. YEAR/QTR. INSTALMENTS QTLY. ANNUAL
BLANACE BALANCE
1 I 100.00 0.00 100.00 3.00

(2013-14) II 200.00 0.00 200.00 6.00
(CONT. III 331.00 0.00 331.00 9.93
PERIOD) IV 331.00 0.00 331.00 9.93
0.00 28.86 28.86
2 I 331.00 11.82 319.18 9.93
(2014-15) II 319.18 11.82 307.36 9.58
III 307.36 11.82 295.54 9.22
IV 295.54 11.82 283.71 8.87
47.29 37.59 37.59
3 I 283.71 11.82 271.89 8.51
(2015-16) II 271.89 11.82 260.07 8.16
III 260.07 11.82 248.25 7.80
IV 248.25 11.82 236.43 7.45
47.29 31.92 31.92
4 I 236.43 11.82 224.61 7.09
(2016-17) II 224.61 11.82 212.79 6.74
III 212.79 11.82 200.96 6.38
IV 200.96 11.82 189.14 6.03
47.29 26.24 26.24
5 I 189.14 11.82 177.32 5.67
(2017-18) II 177.32 11.82 165.50 5.32
III 165.50 11.82 153.68 4.97
IV 153.68 11.82 141.86 4.61
47.29 20.57 20.57
6 I 141.86 11.82 130.04 4.26
(2018-19) II 130.04 11.82 118.21 3.90
III 118.21 11.82 106.39 3.55
IV 106.39 11.82 94.57 3.19
47.29 14.90 14.90
7 I 94.57 11.82 82.75 2.84
(2019-20) II 82.75 11.82 70.93 2.48
III 70.93 11.82 59.11 2.13
IV 59.11 11.82 47.29 1.77
47.29 9.22 9.22
8 I 47.29 11.82 35.46 1.42
(2020-21) II 35.46 11.82 23.64 1.06
III 23.64 11.82 11.82 0.71
IV 11.82 11.82 0.00 0.35
47.29 3.55 3.55
Goyal & Associates

TOTAL 331.00 172.85 172.85
Goyal & Associates

ANNEXURE - K
ESTIMATES OF DEPRECICATION
(Figures in lacs.)
S.No. PARTICULARS BUILDING & OTHER TOTAL

SITE DEV. ASSETS ASSETS
PLANT &
MECH.
1 ESTIMATED COSTS 180.00 220.00 400.00

2 CONTINGENCIES @ 1.0% 1.80 2.20 4.00
TOTAL 181.80 222.20 404.00
A) DEP. WITH STRAIGHT LINE

METHOD (SLM)
RATE OF DEPRECIATON 10.00% 15.00%
AMOUNT PER YEAR 18.18 33.33 51.51
B) DEP. WITH WRITTEN DOWN

VALUE METHOD (WDV)
RATE OF DEPRECIATION 10% 15% TOTAL DEP.
DEPRECIATION DURING YEARS

I 18.18 33.33 51.51
II 16.36 28.33 44.69
III 14.73 24.08 38.81
IV 13.25 20.47 33.72
V 11.93 17.40 29.33
VI 10.74 14.79 25.52
VII 9.66 12.57 22.23
VIII 8.70 10.68 19.38
IX 7.83 9.08 16.91
X 7.04 7.72 14.76
XI 6.34 6.56 12.90
Goyal & Associates

ANNXURE- K (1)
DEPRECIATION SCHEDULE AS PER IT PURPOSE (WDV)

(Figures in lacs.)
ASSETS COSTS RATE 1st YEAR 2nd YEAR 3rd YEAR 4th YEAR 5th YEAR 6th YEAR 7th YEAR
BUILDING 180.00 10.00%
GROSS BLOCK 180.00 162.00 145.80 131.22 118.10 106.29 95.66

DEPRECIATION 18.00 16.20 14.58 13.12 11.81 10.63 9.57
NET BLOCK 162.00 145.80 131.22 118.10 106.29 95.66 86.09
PLANT & MACHINERY 220.00 15.00%
GROSS BLOCK 220.00 187.00 158.95 135.11 114.84 97.62 82.97

DEPRECIATION 33.00 28.05 23.84 20.27 17.23 14.64 12.45
NET BLOCK 187.00 158.95 135.11 114.84 97.62 82.97 70.53
TOTAL DEPRECIATION 51.00 44.25 38.42 33.39 29.04 25.27 22.01
ACCUMALATED DEPRECIATIION 51.00 95.25 133.67 167.06 196.10 221.37 243.38
Goyal & Associates

ANNEXURE - L
COMPUTATION OF INCOME TAX LIABILITY

(Figures in lacs.)
S.No. PARTICULARS OPE RAT IN G YEAR S
I II III IV V VI VII
1 PROFIT BEFORE TAX (NPBT) 41.50 53.01 72.63 82.24 100.16 108.29 115.81
2 BALANCE 41.50 53.01 72.63 82.24 100.16 108.29 115.81
3 LESS : B\F LOSSES 0 0 0 0 0 0 0
4 NET BALANCE 41.50 53.01 72.63 82.24 100.16 108.29 115.81
5 DEDUCTION
5.1 UNDER SEC 80 I @ 20% 8.30 10.60 14.53 16.45 20.03 21.66 23.16
5.2 UNDER SEC 80 HH 0 0 0 0 0 0 0
TOTAL 8.30 10.60 14.53 16.45 20.03 21.66 23.16
6 NET TAXABLE INCOME 33.20 42.40 58.10 65.79 80.13 86.64 92.65
7 TAX APPLICABLE @ 7.80 10.10 14.03 15.95 19.53 21.16 22.66

OF 25%
Goyal & Associates

ANNEXURE - M
ESTIMAITON OF DEBT SERVICE COVERAGE RAITO

(Figures in lacs.)
S.No. PARTICULARS O PE RAT I N G Y EAR S
A. SERVICES :
1 NET PROFIT AFTER TAX 33.70 42.90 58.60 66.29 80.63 87.14 93.15
2 DEPRECIATION (WDV) 51.00 44.25 38.42 33.39 29.04 25.27 22.01
3 INTEREST ON TERM LOAN 37.59 31.92 26.24 20.57 14.90 9.22 3.55
4 PRELIMINARY EXPENSES 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 122.30 119.07 123.27 120.25 124.56 121.63 118.71
B. DEBT :
1 INSTALMENT OF TERM LOAN 0.00 47.29 47.29 47.29 47.29 47.29 47.29
TOTAL 37.59 79.20 73.53 67.86 62.18 56.51 50.83
C. DEBT SERVICE COVERAGE RATIO 3.25 1.50 1.68 1.77 2.00 2.15 2.34
D. AVERAGE D.S.C.R. 1: 2.10
Goyal & Associates

ANNEXURE - N
PROJECTED CASH FLOW STATEMENT

(Figures in lacs.)
S.No. PARTICULARS CONST. OPE RAT IN G YEAR S
PERIOD I II III IV V VI VII
A. SOURCE OF FUND
1 NET PROFIT BEFORE TAX & INTT. 79.10 84.92 98.87 102.81 115.06 117.52 119.36
2 PROMOTER CONTRIBUTION 69.00 0 0 0 0 0 0 0
3 TERM LOAN (INCLUDING SUBSIDY) 331.00 0 0 0 0 0 0 0
5 DEPRECIATION 51.00 44.25 38.42 33.39 29.04 25.27 22.01
6 APPORTION OF PRELIMINARY EXP. 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 400.00 130.10 129.17 137.29 136.20 144.09 142.79 141.37
B. APPLICATION OF FUNDS
1 GROSS BLOCK 400.00 0 0 0 0 0 0 0
2 INCOME IN CURRNET ASSETS 0 0 0 0 0 0 0
3 REPAYMENT ON TERM LOAN 0.00 47.29 47.29 47.29 47.29 47.29 47.29
5 INTEREST ON WORKING CAPITAL 0 0 0 0 0 0 0
6 TAX LIABILITY 7.80 10.10 14.03 15.95 19.53 21.16 22.66
7 DIVIDEND/WITHDRAWAL 10.11 12.87 17.58 19.89 24.19 26.14 27.95
8 RESRVE 0.00
TOTAL 400.00 55.50 102.18 105.14 103.69 105.90 103.81 101.44
C. NET SURPLUS / DEFICIAT 74.59 27.00 32.16 32.51 38.19 38.98 39.93
D. CUMULATIVE SURPLUS / DEFICIAT 74.59 101.59 133.75 166.26 204.45 243.43 283.36
ANNEXURE - O
PROJECTED BALANCE SHEET STATEMENT

(Figures in lacs.)
S.No. PARTICULARS OPERATING YEARS
A. LIABILITIES :
1 PROMOTER CONTRIBUTION 69.00 69.00 69.00 69.00 69.00 69.00 69.00
2 RESERVE & SURPLUS 23.59 53.63 94.65 141.05 197.49 258.49 323.69
3 LONG TERM LOAN 283.71 236.43 189.14 141.86 94.57 47.29 0.00
4 CURRENT LIABILITY 47.29 47.29 47.29 47.29 47.29 47.29 47.29
4 SUBSIDY (INTT. FREE LOAN) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 423.59 406.34 400.08 399.19 408.35 422.06 439.98
B. ASSETS :
1 GROSS BLOCK 400.00 400.00 400.00 400.00 400.00 400.00 400.00
2 LESS : DEPRECIATION 51.00 95.25 133.67 167.06 196.10 221.37 243.38
3 NET BLOCK 349.00 304.75 266.33 232.94 203.90 178.63 156.62
4 CASH & BANK BALANCE 74.59 101.59 133.75 166.26 204.45 243.43 283.36
5 OTHER CURRENT ASSETS 0 0 0 0 0 0 0
6 PRE-OPERATIVE EXP.(NOT W/O 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 423.59 406.34 400.08 399.19 408.35 422.06 439.98
Goyal & Associates

ANNEXURE - P
YEAR WISE BREAK EVEN ANALYSIS
S.No. PARTICULARS OPERATIVE YEARS

II III
1 SALES 145.53 155.23

2 CHANGE IN STOCKS 0 0
TOTAL INCOME 145.53 155.23
VARIABLE EXPENSES
1 AMMONIA COST & FREEZE OIL 0.32 0.35
2 POWER COST 8.17 8.98
3 SALARY & WAGES 6.60 7.26
4 INSURANCE
TOTAL VARIABLE EXPENSES 15.09 16.59
CONTRIBUTION 130.44 138.64
FIXED EXPENSES
1 ADMINISTRATIVE SALARIES 0.33 0.36

2 TERM LOAN INTEREST 37.59 31.92
3 DEPRECIATION 44.25 38.42
4 REPAIRS & MAINTANANCE 0.40 0.44
TOTAL FIXED EXPENSES 82.17 70.70
BREAK EVEN POINT IN TERMS OF 62.99 51.00

INSTALLED CAPICITY IN %
B.E.P. IN TERMS OF TOTAL 62.99 62.99

CAPACITY %
B.E.P. IN TERMS OF SALES 91.68 79.16

REVENUE
Goyal & Associates

ANNEXURE - Q
ESTIMATES OF INTERNAL RATE OF RETURN
FINANCIAL YEAR OUTFLOW INFLOW TOTAL NET

CAPITAL CURRENT SALVAGE PROFIT DEP.+INT INFLOW
INV. ASSETS VALUE+ AFTER
CURRENT TAX
ASSETS
0 400.00 0 0 0 0 0 -400.00
I 0 0 33.70 88.59 122.30 122.30
II 0 42.90 76.17 119.07 119.07
III 0 58.60 64.67 123.27 123.27
IV 66.29 53.96 120.25 120.25
V 80.63 43.93 124.56 124.56
VI 87.14 34.49 121.63 121.63
VII 93.15 25.56 118.71 118.71
200.00
A DISCOUNTING RATE
15%
D INTERNAL RATE OF
RETURN (IRR) 52.45%
Goyal & Associates

M/s: GURUKRIPA COLD STORAGE, WAREHOUSING & LOGISTICS
FINANCIAL PROPOSAL
VILLAGE-JORA, TEHSIL-JAISINGH NAGAR, DISTRICT-SHAHDOL (M.P.)

Assesment of Working Capital Requirements
Form - II : Opearting Statement (Rs.in lacs)
As per Profit & Loss Account actuals/estimates for the year ended/ending
March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20
M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS Following Following Following Following Following Following
Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.
1 2 3 4 5 6
1. Gross sales - (i) Domestic sales (Income from COLD STORAGE) 145.53 145.53 155.23 155.23 164.93 164.93
(ii) Export sales - - - ### - ###
(iii) Other Revenue Income - - - - - -
Add other revenue income - - - - - -
Total 145.53 145.53 155.23 155.23 164.93 164.93
Less excise duty - - - ### - ###
3. Net sales(item 1 - item 2) 145.53 145.53 155.23 155.23 164.93 164.93
4. % age rise (+) or fall (-) in net sales as compared to
previous year (annualised) 0.00% 0.00% 6.67% 0.00% 6.25% 0.00%
5. Cost of sales
i) Raw materials(including stores & spares and - - ### - - ###
other items used in the process of manufacture
(a) Imported - - ### - - ###
(b) Indigenous - - ### - - ###
ii) Other spares
(a) Imported - - ### - - ###
Salary & wages 6.00 6.60 7.26 7.99 8.78 9.66
iii) Power and fuel 7.93 8.17 8.98 9.25 10.12 10.42
iv) Repair & Maintances 0.40 0.44 0.48 0.53 0.59 0.64
v) Other Consumables (Amonia Cost & Freeze Oil) 0.30 0.32 0.35 0.37 0.41 0.43
Vi) Insurance 0.50 0.50 0.50 0.50 0.50 0.50
vi) Depreciation 51.00 44.25 38.42 33.39 29.04 25.27
vii) SUB-TOTAL (i to vi) 66.13 60.28 56.00 52.02 49.44 46.94
viii) Add:Opening stocks-in-process - - - - - -
Sub-total 66.13 60.28 56.00 52.02 49.44 46.94
ix) Deduct:Closing stocks-in-process - - ### - - ###
x) Cost of Production 66.13 60.28 56.00 52.02 49.44 46.94
xi) Add : Opening stock of Fini.goods - - - - - -
Sub-total 66.13 60.28 56.00 52.02 49.44 46.94
xii) Deduct closing stock of fini.goods - - ### - - ###
xiii) SUB-TOTAL (Total cost of sales) 66.13 60.28 56.00 52.02 49.44 46.94
Gross Profit 79.40 85.25 99.24 103.21 115.49 118.00
6. Selling, general & adm. expenses 0.30 0.33 0.36 0.40 0.44 0.48
7. SUB-TOTAL (5+6) 66.43 60.61 56.36 52.42 49.88 47.42
8. Operating profit before interest(3-7) 79.10 84.92 98.87 102.81 115.06 117.52
9. Interest 37.59 31.92 26.24 20.57 14.90 9.22
10.Operating profit after interest(8-9) 41.50 53.01 72.63 82.24 100.16 108.29
11. (i) Add other non-operating income
(a) Export Incentives
(b) Trading sales (Exports) - - ### - - ###
(c) Trading stock (net) - - ### - - ###
(d) Other Income - - ### - - ###
Sub-total (income) - - - - - -
(ii) Deduct other non-operating exp.
(a) Pre. Expenses (w.off) - - - - - -
(b) Loss on sale of fixed assets - - ### - - ###
(c) Loss in investment - - ### - - ###
(d) Divedends/Withdrawls - - ### - - ###
Sub-total(expenses) - - - - - -
(iii) Net of other non-operating income/expenses - - - - - -
12. Profit before tax/loss {10+11(iii)} 41.50 53.01 72.63 82.24 100.16 108.29
13. Provision for taxes 7.80 10.10 14.03 15.95 19.53 21.16
Provision for deffered tax - - ### - - ###
FBT - - ### - - ###
14. Net profit/loss (12-13) 33.70 42.90 58.60 66.29 80.63 87.14
15. (a) Dividend & Dividend Tax 10.11 12.87 17.58 19.89 24.19 26.14
(b) Rate 0% 10% 0% 0% 0% 0%
16. Retained profit (14-15) 23.59 30.03 41.02 46.40 56.44 61.00
17. Retained profit/Net profit (% age) 70% 70% 70% 70% 70% 70%
FORM - III
ANALYSIS OF BALANCE SHEET (Rs.in lacs)
M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS As per Balance sheet as at
LIABILITIES March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20
Following Following Following Following Following Following
CURRENT LIABILITIES 1 2 3 4 5 6
1.Short-term borrowings from banks(incld.bills purchased
discounted & excess borrwoing placed on repayment basis)
(i) From applicant bank - - ### - - ###
(ii) From other banks - - ### - - ###
(iii) (of which BP & BD)
(i) From applicant bank - - ### - - ###
(ii) From other banks - - ### - - ###
Sub total (A) - - - - - -
2. Sundry creditors- Capital Goods and Spares - - ### - - ###
3. Sundry creditor - - ### - - ###
4. Advance payments from customers/dep. from dealers - - ### - - ###
5. Provision for taxation - - ### - - ###
6. Dividend payable - - ### - - ###
7. Other statutory liabilities (due within one year) - - ### - - ###
8. Deposits/Instalments of term loans/DPGs/Debentures, etc. - - ### - - ###
(due within one year)
9. Other current liabilities & provisions (due in 1yr.) 47.29 47.29 47.29 47.29 47.29 47.29
(Specify major items)
b. Other Current Liab(repayment of unsecured loans) - - ### - - ###
Other Current Liabilities [Sub-total (B)] 47.29 47.29 47.29 47.29 47.29 47.29
10. Total Current Liabilities(total of 1 to 9 excl 1(iii) 47.29 47.29 47.29 47.29 47.29 47.29
TERM LIABILITIES
11.Debentures (not maturing within 1 yr.) - - ### - - ###
12.Prefrence shares(redeemable after1yr.) - - ### - - ###
13.Term loans(excld instalments payable within 1 yr.) 283.71 236.43 189.14 141.86 94.57 47.29
14.Deferred Payment Credit excluding instt.due within 1 yr.) - - ### - - ###
15.Term deposits (repayable after 1 yr.) - - ### - - ###
16.Other term liabilities(unsecured loans) - - ### - - ###
17. TOTAL TERM LIABILITIES 283.71 236.43 189.14 141.86 94.57 47.29
18. Total Outside Liabilities(item 10 +17) 331.00 283.71 236.43 189.14 141.86 94.57
NET WORTH
19.Share Capital 69.00 69.00 69.00 69.00 69.00 69.00
20.General reserve 23.59 53.63 94.65 141.05 197.49 258.49
21. Reserve for deffered tax liability - - ### - - ###
22.Other reserves(excluding provisions) - - ### - - ###
23.Surplus(+) or deficit(-) in P&L account - - ### - - ###
23(a).Others - Subsidy - - ### - - ###
23(b). Deferred tax - - - - - -
24. NET WORTH 92.59 122.63 163.65 210.05 266.49 327.49
25. TOTAL LIABILITIES 423.59 406.34 400.08 399.19 408.35 422.06
FORM - III (Continued)
ANALYSIS OF BALANCE SHEET (Rs.in lacs)
M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS As per Balance sheet as at
ASSETS March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20
CURRENT ASSETS 1 2 3 4 5 6
26.Cash and bank balances 74.59 101.59 133.75 166.26 204.45 243.43
27.Investments(other than long term investments) - - ### - - ###
(i) Government & other Trustee securities - - ### - - ###
(ii)Fixed deposits with bank & Others - - ### - - ###
28.(i) Receivables other than defered & export - - ### - - ###
( including bills purchased and dicounted by banks) -
(ii)Export receivables(incld bills purchased & dis.by bank) - - ### - - ###
29.Instalments of deferred receivables(due within 1 yr.) - - ### - - ###
30.Inventory: - - - - - -
(i) Raw materials(including stores & other items - - ### - - ###
used in the process of manufacture)
a)Imported - - ### - - ###
b)Indigenous - - ### - - ###
(ii) Works-in-process - - - - - -
(iii)Finished goods - - - - - -
(iv) Other consumable spares - - - - - -
a)Imported - - ### - - ###
b)Indigenous - - ### - - ###
31.Advances to suppliers of raw materials & stores/spares - - ### - - ###
32.Advance payment of taxes - - ### - - ###
33.Other current assets - - - ### - ###
- stock of traded goods - - ### - - ###
- Others (Pre Operative Exp.) - - - - - -
34. TOTAL CURRENT ASSETS(total of 26 to 33) 74.59 101.59 133.75 166.26 204.45 243.43
FIXED ASSETS
35.Gross Block(land & building,machinery,work-in-process) 400.00 400.00 400.00 400.00 400.00 400.00
36.Depreciation to date 51.00 95.25 133.67 167.06 196.10 221.37
37. NET BLOCK (35-36) 349.00 304.75 266.33 232.94 203.90 178.63
OTHER NON-CURRENT ASSETS
38.Investments/book debts/adv./deposits which are not - - - - - -
Current Assets
(i) a)Investments in subsidiary companies/affiliates - - ### - - ###
b)Others - - ### - - ###
(ii)Advances to suppliers of capital goods & contractors - - ### - - ###
(iii)Defferred receivables - - ### - - ###
(iv)Others-Debtors >6 months - - ### - - ###
-Security deposit - - ### - - ###
-Loans & advances for others - - ### - - ###
39.Non-consumables stores & spares
40.Other non-current assets incl.dues from directors - - ### - - ###
41. TOTAL OTHER NON-CURR.ASSETS - - - - - -
42.Intangible assets(patents, goodwill, prelim. exp.
bad/doubtful expenses not provided for, etc.) - - ### - - ###
43. TOTAL ASSETS (34+37+41+42) 423.59 406.34 400.08 399.19 408.35 422.06
- - - - - -
44. TANGIBLE NET WORTH (24-42) 92.59 122.63 163.65 210.05 266.49 327.49
45. NET WORKING CAPITAL(17+24)-(37+41+42) 27.31 54.30 86.46 118.97 157.16 196.14
46. Current Ratio 1.58 2.15 2.83 3.52 4.32 5.15
47. Total Outside Liabilities/ Tangible Net Worth 3.57 2.31 1.44 0.90 0.53 0.29
48. Total Term Liabilities/Tangible Net Worth 3.06 1.93 1.16 0.68 0.35 0.14
FORM - IV
Comparative statement of Current assets & Current Liabilities
M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGIST As per Balance sheet as at
I. CURRENT ASSETS March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20
1 2 3 4 5 6
1.Raw materials including stores & other items used in
the process of manufacturing
(a) Imported : Amount - - - - - -
: Month's consumption - - - - - -
(b) Indigenous : Amount - - - - - -
2. Other consumable spares, excldg. those included in(1) above
(a) Imported : Amount - - - - - -
(b) Indigenous : Amount - - - - - -
3. Stocks-in-process : Amount - - - - - -
: Month's cost of Sales - - - - - -
4. Finished goods : Amount - - - - - -
: Month's cost of Sales - - - - - -
5. Receivables other than export & defered receivables
( Incldg. bills purchased & discounted by bank)
: Amount 0.00 0.00 0.00 0.00 0.00 0.00
: Month's Domestic Sales( includg. defered payment sales) - - - - - -
6. Export receivables(incldg. bills purchased & disc.)
: Amount 0.00 0.00 0.00 0.00 0.00 0.00
: Month's export Sales - - - - - -
7. Advance to suppliers of materials & stores/spares,consumables 0.00 0.00 0.00 0.00 0.00 0.00
8. Other current assets includg. cash & bank balances & defered 74.59 101.59 133.75 166.26 204.45 243.43
receivables due within one year(speciy major items)
: Cash & bank balances 74.59 101.59 133.75 166.26 204.45 243.43
: Investment except long-term investment of def. receivales 0.00 0.00 0.00 0.00 0.00 0.00
: Others 0.00 0.00 0.00 0.00 0.00 0.00
9. TOTAL CURRENT ASSETS 74.59 101.59 133.75 166.26 204.45 243.43
II. CURRENT LIABILITIES

(Other than bank borrowing for working capital)
10. Creditors for purchase of raw materials,stores & consumable

spares : Amount - - - - - -
: Month's purchase - - - - - -
11. Advance from customers - - - - - -
12. Statutory liabilities - - - - - -
13. Other current liabilities-specify major items
a) S.Creditors for Capital Goods - - - - - -
b) Dividend payable - - - - - -
c) Instalments of TL, DPS & public deposits - - - - - -
d) Other current liabilities & provisions 47.29 47.29 47.29 47.29 47.29 47.29
14. TOTAL 47.29 47.29 47.29 47.29 47.29 47.29
FORM - V
ASSESSED BANK FINANCE - PROJECTED BALANCE SHEET METHOD (Rs. in lACS)
March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20
Following Following Following Following Following
Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.
1. Total Current Assets 101.59 133.75 166.26 204.45 243.43

2. Other Current Laibilities 47.29 47.29 47.29 47.29 47.29
3. Working Capital Gap 54.30 86.46 118.97 157.16 196.14
4. Net Working Capital (Actual/Projected) 54.30 86.46 118.97 157.16 196.14
5. Assessed Bank Finance 0.00 0.00 0.00 0.00 0.00
5. NWC/TCA (%) 53.45 64.65 71.56 76.87 80.57
6. OCL/TCA (%) 46.55 35.35 28.44 23.13 19.43
7. S.Creditors/TCA (%) 0.00 0.00 0.00 0.00 0.00
8. ABF/TCA (%) 0.00 0.00 0.00 0.00 0.00
9. Inventory/N.Sales (Days) 0.00 0.00 0.00 0.00 0.00
10. Receivables/G.Sales (Days) 0.00 0.00 0.00 0.00 0.00
11. S.Creditors/Purchases (Days) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
FORM - VI FUND FLOW STATEMENT (Rs. lacs).
March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20
1 2 3 4 5 6
1. SOURCES
a) Net profit (after tax) 33.70 42.90 58.60 66.29 80.63 87.14
b) Depreciation 51.00 44.25 38.42 33.39 29.04 25.27
c) Increase in capital
d) Increase in term liabilities,including public deposits 283.71 0.00 0.00 0.00 0.00 0.00
e) Decrease in : i ) Fixed assets 0.00 0.00 0.00 0.00 0.00 0.00
ii) Other non-current assets 0.00 0.00 0.00 0.00 0.00 0.00
f) Others 69.00 0.00 0.00 0.00 0.00 0.00
g) TOTAL 437.42 87.15 97.03 99.68 109.66 112.41
2. USES
a) Net loss
b) Decrease in term liabilities,including public deposits 0.00 47.29 47.29 47.29 47.29 47.29
c) Increase in : i ) Fixed asset 400.00 0.00 0.00 0.00 0.00 0.00
ii ) Depreciation adjustment 0.00 0.00 0.00 0.00 0.00 0.00
iii) Other non-current assets 0.00 0.00 0.00 0.00 0.00 0.00
d) Dividend payment 10.11 12.87 17.58 19.89 24.19 26.14
e) Others 0.00 0.00 0.00 0.00 0.00 0.00
f) TOTAL 410.11 60.16 64.87 67.17 71.47 73.43
3. Long term surplus / deficit 27.31 27.00 32.16 32.51 38.19 38.98
4. Increase / Decrease in current assets* 74.59 27.00 32.16 32.51 38.19 38.98
(as per details given below)
5. Increase / Decrease in current liabilities 47.29 - - - - -
other then bank borrowings
6. Increase / Decrease in working capital gap 27.31 27.00 32.16 32.51 38.19 38.98
7. Net surplus(+) / deficit(-) - - - - - -
8. Increase / Decrease in Bank borrowings - - - - - -
INCREASE / DECREASE IN NET SALES 145.53 0.00 9.70 0.00 9.70 0.00
*Break-up of (4) - - - - - -
i ) Increase / decrease in Raw materials - - - - - -
ii ) Increase / decrease in Stock -in-process - - - - - -
iii ) Increase / decrease in Finished goods - - - - - -
iv) Increase / decrease in Receivables (a) Domestic - - - - - -
(b) Export - - - - - -
v ) Increase / decrease in Stores & spares - - - - - -
vi) Increase / decrease in Other current assets 74.59 27.00 32.16 32.51 38.19 38.98
Total 74.59 27.00 32.16 32.51 38.19 38.98
PERFORMANCE AND FINANCIAL INDICATORS.
PARTICULARS March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20 March 31' 21
Following Following Following Following Following Following Following
Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.
Net Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93
PBT 41.50 53.01 72.63 82.24 100.16 108.29 115.81
PAT 33.70 42.90 58.60 66.29 80.63 87.14 94.66
PAT/N.Sales (%) 23.16 29.48 37.75 42.70 48.89 52.83 57.39
Paidup Capital 69.00 69.00 69.00 69.00 69.00 69.00 69.00
TNW 92.59 122.63 163.65 210.05 266.49 327.49 392.69
TOL/TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12
CR 1.58 2.15 2.83 3.52 4.32 5.15 5.99
PBT/TTA(%) 9.80 13.04 18.15 20.60 24.53 25.66 26.32
N.Sales/TTA (times) 0.34 0.36 0.39 0.39 0.40 0.39 0.37
Optg. Exp/N.Sales (%) 71.48 63.58 53.21 47.02 39.27 34.34 29.78
BB/TTA (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inv+Rec/N.Sales (Days) - - - - - - -
TTA 423.59 406.34 400.08 399.19 408.35 422.06 439.98
Optg.Exp 104.03 92.52 82.60 72.99 64.77 56.64 49.12
Inv+Rec - - - - - - -
BB - - - - - - -
Goyal & Associates

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS UNDER PBS METHOD
Particulars March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20 March 31' 21
Total Current Assets 74.59 101.59 133.75 166.26 204.45 243.43 283.36
Other Current Liabilities 47.29 47.29 47.29 47.29 47.29 47.29 47.29
Working Capital Gap 27.31 54.30 86.46 118.97 157.16 196.14 236.07
NWC(Actual/Proj) 27.31 54.30 86.46 118.97 157.16 196.14 236.07
ABF - - - - - - -
NWC/TCA (%) 36.61 53.45 64.65 71.56 76.87 80.57 83.31
OCL/TCA (%) 63.39 46.55 35.35 28.44 23.13 19.43 16.69
S.Creditors/TCA (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ABF/TCA (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventories/N.Sales (Days) 0.00 0.00 0.00 0.00 0.00 0.00
Receivables/G.Sales (Days) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
S.Crs/Purchases (Days) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
PBDIT/Intt (Times) 3.46 4.05 5.23 6.62 9.67 15.49 39.86
PAT/N.Sales (%) 23.16 29.48 37.75 42.70 48.89 52.83 57.39
ROCE (%) 30.71 31.79 34.32 34.12 35.29 33.83 32.13
N.Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93
G.Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93
Receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Purchases 0.00 0.00 0.00 0.00 0.00 0.00 0.00
S.Creditors 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBDIT 130.10 129.17 137.29 136.20 144.09 142.79 141.37
Interest 37.59 31.92 26.24 20.57 14.90 9.22 3.55
TTA 423.59 406.34 400.08 399.19 408.35 422.06 439.98
Cash Accruals 84.70 87.15 97.03 99.68 109.66 112.41 116.67
PBT/NS (%) 28.52 36.42 46.79 52.98 60.73 65.66 70.22
Goyal & Associates

RATIO ANALYSIS
March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20 March 31' 21
Net Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93

(Exports) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Profit 41.50 53.01 72.63 82.24 100.16 108.29 115.81
PBT 41.50 53.01 72.63 82.24 100.16 108.29 115.81
PBT/Net Sales (%) 28.52 36.42 46.79 52.98 60.73 65.66 70.22
PAT 33.70 42.90 58.60 66.29 80.63 87.14 94.66
Cash Accruals 84.70 87.15 97.03 99.68 109.66 112.41 116.67
PBDIT 130.10 129.17 137.29 136.20 144.09 142.79 141.37
PUC 69.00 69.00 69.00 69.00 69.00 69.00 69.00
TNW 92.59 122.63 163.65 210.05 266.49 327.49 392.69
Adjusted TNW 92.59 122.63 163.65 210.05 266.49 327.49 392.69
TOL/TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12
TOL/ adjusted TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12
Current Ratio 1.58 2.15 2.83 3.52 4.32 5.15 5.99
Goyal & Associates

March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19
Cross Checks Following Following Following Following Following
Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.
Difference in Balance Sheet 0.00 0.00 0.00 0.00 0.00
Diff between SIP in P& L and in Balance sheet 0.00 0.00 0.00 0.00 0.00
Diff between FG in P& L and in Balance sheet 0.00 0.00 0.00 0.00 0.00
Diff between Dep in P& L and in Balance sheet 0.00 0.00 0.00 0.00 0.00
Diff between P& L Balane & Inc in Retained Earnings 0.00 0.00 0.00 0.00 0.00
IMPORTANT RATIOS / KEY FINANCIAL PARAMETERS
M/s: GURUKRIPA COKD STORAGE, WAREHOUSING AND LOGISTICS-JORA [Rs. in lacs
Particulars 2015 2016 2017 2018 2018 2019 2020
I YEAR II YEAR III YEAR IV YEAR V YEAR VI YEAR VII YEAR
Gross Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93

Net Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93
Profit Before Tax 41.50 53.01 72.63 82.24 100.16 108.29 115.81
Net profit/loss [PAT] 33.70 42.90 58.60 66.29 80.63 87.14 93.15
PBDITA 130.10 129.17 137.29 136.20 144.09 142.79 141.37
PBT / Net sales [%] 28.52% 36.42% 46.79% 52.98% 60.73% 65.66% 70.22%
PAT / Net sales [%] 23.16% 29.48% 37.75% 42.70% 48.89% 52.83% 56.48%
Operating Profit / Net Sales [%] 53.97% 57.93% 63.23% 65.73% 69.21% 70.67% 71.76%
PBDITA / Net Sales [%] 89.40% 88.76% 88.44% 87.74% 87.36% 86.57% 85.71%
PBT / TTA [%] 9.80% 13.04% 18.15% 20.60% 24.53% 25.66% 26.32%
PBDITA / TTA[%] 30.71% 31.79% 34.32% 34.12% 35.29% 33.83% 32.13%
PAT / TNW [%] 36.40% 34.99% 35.81% 31.56% 30.26% 26.61% 23.72%
Operating Profit / TNW [%] 84.83% 68.76% 59.98% 48.57% 42.84% 35.59% 30.14%
Cash Accruals 84.70 87.15 97.03 99.68 109.66 112.41 115.16

Net Working Capital 27.31 54.30 86.46 118.97 157.16 196.14 236.07
Current Ratio 1.58 2.15 2.83 3.52 4.32 5.15 5.99
PBDITA/Interest 3.46 4.05 5.23 6.62 9.67 15.49 39.86
ROCE (%) 30.71% 31.79% 34.32% 34.12% 35.29% 33.83% 32.13%
Paid up capital 69.00 69.00 69.00 69.00 69.00 69.00 69.00

Tangible Net Worth 92.59 122.63 163.65 210.05 266.49 327.49 392.69
Adjusted Tangible Net Worth 92.59 122.63 163.65 210.05 266.49 327.49 392.69
TOL/TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12
TOL / Adjusted TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12
TTL/TNW [Debt/Equity] 3.06 1.93 1.16 0.68 0.35 0.14 0.00
Sales / Current Assets 1.95 1.43 1.16 0.93 0.81 0.68 0.58
Sales / Fixed Assets 0.42 0.48 0.58 0.67 0.81 0.92 1.05
Sales / TTA 0.34 0.36 0.39 0.39 0.40 0.39 0.37
Sales / TNW 0.34 1.19 0.95 0.74 0.62 0.50 0.42
NWC / Current Assets [%] 36.61% 53.45% 64.65% 71.56% 76.87% 80.57% 83.31%
S.Creditors / Current Assets [%] - - - - - - -
Bank Finance / Current Assets [% - - - - - - -
Inventories to net sales (days) 0 0 0 0 0 0 0
Recv. To Gross Sales (days) 0 0 0 0 0 0 0
Inv+Recv/sales (days) 0 0 0 0 0 0 0
S. Crs. To Purchases (days) 0 0 0 0 0 0 0
RM+Stores Cons./ Production V - - - - - - -

Power & Fuel / Production Valu 5.45% 5.61% 5.78% 5.96% 6.14% 6.32% 6.51%
Direct Labour / Production Valu 4.12% 4.54% 4.68% 5.14% 5.33% 5.86% 6.44%
Other Mfg.Exp. / Production Va 0.82% 0.86% 0.86% 0.90% 0.91% 0.96% 1.01%
Selling,Gen&Adm.Exp./Prod.Va 0.21% 0.23% 0.23% 0.26% 0.27% 0.29% 0.32%
Operating cost to Production Val 0.00 0.00 0.00 0.00
FINANCIAL POSITION
(Rs. in Lakh)
S.No. Particulars 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
a) Paid-up Capital : (Promotor Contribution) 69.00 69.00 69.00 69.00 69.00 69.00 69.00
- Equiy
- Reserve and Surplus 23.59 53.63 94.65 141.05 197.49 258.49 323.69
Tengible Net Worth ( Excl. rev. reserve & Net
b) 92.59 122.63 163.65 210.05 266.49 327.49 392.69
of Intengible Assets)
Investment in cos. Of which associated
c)
companies/subsidiaries
d) Adjusted TNW 92.59 122.63 163.65 210.05 266.49 327.49 392.69
e) Capital Employed* (total funds employed) 376.31 359.05 352.79 351.91 361.06 374.77 392.69
f) Net Block 349.00 304.75 266.33 232.94 203.90 178.63 156.62
g) Net Sales :
- Domestic (Income from WH, Grading, WB) 145.53 145.53 155.23 155.23 164.93 164.93 164.93
- Exports
Total 145.53 145.53 155.23 155.23 164.93 164.93 164.93
h) Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00
i) Depreciation 51.00 44.25 38.42 33.39 29.04 25.27 22.01
j) Gross Profit 130.10 129.17 137.29 136.20 144.09 142.79 141.37
k) Net Profit 33.70 42.90 58.60 66.29 80.63 87.14 93.15
l) Cash Accurals (i+k) 84.70 87.15 97.03 99.68 109.66 112.41 115.16
m) Net Profit/Capital Employed (%) 8.96% 11.95% 16.61% 18.84% 22.33% 23.25% 23.72%
n) Current Assets 74.59 101.59 133.75 166.26 204.45 243.43 283.36
o) Current Liabilities 47.29 47.29 47.29 47.29 47.29 47.29 47.29
RATIOS :
p) Current Ratio 1.58 2.15 2.83 3.52 4.32 5.15 0.00
q) Debt/Equity :***
Total Term Liab./TNW 3.06 1.93 1.16 0.68 0.35 0.14 0.00
Total Outside Liab./TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12
r) Profitability % : PAT/Net Sales 23.16% 29.48% 37.75% 42.70% 48.89% 52.83% 56.48%
s) DSCR:
a) Company as a whole
b) For Specific TL 3.25 1.50 1.68 1.77 2.00 2.15 2.34
Average DSCR 2.10
t) Interest Coverage 0.00 0.00 0.00 0.00 0.00 0.00 0.00
u) Inventory + Receivables/Sales 0.00 0.00 0.00 0.00 0.00 0.00 0.00
v) Asset Coverage Ratio
Workedout (d) if item is above 10% of Net Worth
* Adjusted TNW plus M.T./Current Liabilities
*** If we add subsidy available from National Horticulture Mission
DE Ratio will further improve to 2:1 Details of quarterly publishes results, if any, in case of listed companies to be given as a separate column.
Name M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS-JORA (JAISINGH NAGAR)
Rupees i LACS
PARTICULARS ProjectionProjectionProjectionProjectionProjectionProjectionProjection
Years 2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20
Operating months 12 12 12 12 12 12 12
Operating Statement
1 i. Domestic Sale 145.53 145.53 155.23 155.23 164.93 164.93 164.93
ii.Export Sale
1 Total Gross Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93
2 Less : Excise Duty
3 Net Sales (1-2) 145.53 145.53 155.23 155.23 164.93 164.93 164.93
4 Growth in sales 0% 7% 0% 6% 0%
Cost of Sales
5 a. Raw Material (Imported )
b. Raw material (Indigenous)
c. Stores & Spares (Imported)
Amonia Cost & Freeze Oil 0.30 0.32 0.35 0.37 0.41 0.43 0.46
6 Power Cost 7.93 8.17 8.98 9.25 10.12 10.42 10.74
7 Salary & wages 6.00 6.60 7.26 7.99 8.78 9.66 10.63
8 Repairs and maintainance 0.40 0.44 0.48 0.53 0.59 0.64 0.71
9 Insurance 0.50 0.50 0.50 0.50 0.50 0.50 0.50
10 Depreciation 51.00 44.25 38.42 33.39 29.04 25.27 22.01
11 Others expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Consumbles
b
c
d POP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sub Total 66.13 60.28 56.00 52.02 49.44 46.94 45.04
12 Add: Opening Stock in Process 0.00 0.00 0.00 0.00 0.00
Sub Total 66.13 60.28 56.00 52.02 49.44 46.94 45.04
13 Deduct : Closing Stock in Process
Cost of Production 66.13 60.28 56.00 52.02 49.44 46.94 45.04
14 Add: Opening Stock of Finished Goods 0.00 0.00 0.00 0.00 0.00 0.00 1.00
Sub Total 66.13 60.28 56.00 52.02 49.44 46.94 46.04
15 Deduct : Closing Stock OF Finished Goods
Sub Total ( Total Cost of Sales) 66.13 60.28 56.00 52.02 49.44 46.94 46.04
16 Gross profit 79.40 85.25 99.24 103.21 115.49 118.00 118.89
Gross Profit/ Sales 54.56% 58.58% 63.93% 66.49% 70.02% 71.54% 72.09%
17 Selling Expenses
18 Administrative Expenses 0.30 0.33 0.36 0.40 0.44 0.48 0.53
Sub Total 66.43 60.61 56.36 52.42 49.88 47.42 46.57
19 Operating Profit before interest 79.10 84.92 98.87 102.81 115.06 117.52 118.36
a. Interest on CC/TL. 0.00 0.00 0.00 0.00 0.00 1.00 0.67
b.Interest on TL 37.59 31.92 26.24 20.57 14.90 9.22 3.55
c.Other interests 0.00 0.00 0.00 0.00 0.00 1.00 0.67
20 Total Interest 37.59 31.92 26.24 20.57 14.90 11.22 4.88
21 Operating Profit after Interest 41.50 53.01 72.63 82.24 100.16 106.29 113.48
22 Add: Other non operating Income
a Interest/Dividend/Royalties etc..
b Other Income
c
d
Sub Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00
23 Deduct other non operating expenses
a Interest/Dividend/Royalties etc..
b Other Expenses
c Intangibles written off -1
d Directors remunaration
e POP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sub Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net of other non operating
24 Income/Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00
25 Profit before Tax /Loss (PBT) 41.50 53.01 72.63 82.24 100.16 106.29 113.48
26 Provision for Taxes 7.80 10.10 14.03 15.95 19.53 21.16 22.66
27 Net Profit/Loss (PAT) 33.70 42.90 58.60 66.29 80.63 85.14 90.82
28 Cash Accruals 84.75 87.20 97.08 99.73 109.71 110.46 112.88
29 Dividend paid + IT on Dividend 10.11 12.87 17.58 19.89 24.19 26.14 27.95
30 Retained Profit 23.59 30.03 41.02 46.40 56.44 59.00 62.87
31 Retained Cash Profits 74.59 74.28 79.44 79.79 85.48 84.27 84.88
32 RM Content in sales 0% 0% 0% 0% 0% 0% 0%
33 PBDIT 130.10 129.17 137.29 136.20 144.09 142.79 140.37
34 PBDIT/Sales 89.40% 88.76% 88.44% 87.74% 87.36% 86.57% 85.11%
35 Operating Profits/Sales 28.52% 36.42% 46.79% 52.98% 60.73% 64.45% 68.80%
36 PBT/Sales 28.52% 36.42% 46.79% 52.98% 60.73% 64.45% 68.80%
37 PAT/Sales 23.16% 29.48% 37.75% 42.70% 48.89% 51.62% 55.06%
38 Cash Accruals/ Sales 58.24% 59.92% 62.54% 64.25% 66.52% 66.97% 68.44%
Interest on CC. 0.00

Interest on TL
Other interests 0.00
Transfer to Reserves (if any)
Depriciation adjustments
ANALYSIS OF BALANCE SHEET - LIABILITIES
M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND L Rupees in LACS
ProjectionProjectionProjectionProjectionProjectionProjectionProjection
2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20
LIABILITIES
Current Liabilities
Short Term loans from Applicant
1 Bank including BP &BD
Short Term loans From Other
banks including BP &BD
Sub Total (A) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Short Term Borrowings from Others

3 Sundry Creditors (Trade)
4 Advance Payment from Customers
5 Net Provision for Taxation (if positive)
6 Dividend Payable
7 Other Statutory Liab. (Due within one Year)
8 Overdue Term Liabilities
Installments of term Loan/ DPGs/
Deposits/ debentures due within
9 next year
Other Current Liabilities &
10 Provisions (due with in one year) 47.29 47.29 47.29 47.29 47.29 47.29 47.29
a Current Liability (Due one year) 47.29 47.29 47.29 47.29 47.29 47.29 47.29
b
c
d
11 Sub Total (B) 47.29 47.29 47.29 47.29 47.29 47.29 47.29
12 TOTAL CURRENT LIABILITIES 47.29 47.29 47.29 47.29 47.29 47.29 47.29
TERM LIABILITIES
13 Debentures (not maturing within one Year)
14 Preference Shares (redeemable after 1 year)
14 Term Loan from Bank(Less next Year Instalm 283.71 236.43 189.14 141.86 94.57 47.29 0.00
Term Loan from Other Banks/Inst.
14 (Ecl. Instal.due next Yr.)
Deferred Payments Credits (Ecl.
15 Instal.due next Yr.) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
16 Term deposits (Ecl. Instal.due next Yr.)
17 Cash Credit
a
b Unsecured Loans
c
18 TOTAL TERM LIABILITIES 283.71 236.43 189.14 141.86 94.57 47.29 0.00
19 TOTAL OF OUTSIDE LIABILITIES 331.00 283.72 236.43 189.15 141.86 94.58 47.29
NET WORTH
20 Share Capital 69.00 69.00 69.00 69.00 69.00 69.00 69.00
21 General Reserve 23.59 53.63 94.65 141.05 197.49 258.49 323.69
22 Revaluation Reserve
23 Adjustments for previous Year costs
24 Other reserves (excluding Provisions)
25 Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a
b
c
26 Surplus (+) or deficit (-) in Profit & Loss a/c
27 NET WORTH 92.59 122.63 163.65 210.05 266.49 327.49 392.69
28 TOTAL LIABILITIES (18+24) 423.60 406.34 400.08 399.20 408.35 422.06 439.98
ANALYSIS OF BALANCE SHEET Continued - ASSETS

Rupees in LACS 0.00
2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20
ASSETS
Current Assets
1 Cash & Bank Balances 74.59 101.59 133.75 166.26 204.45 243.43 283.36
2 Govt. & other Trustee securities
3 Fixed Deposits with Banks
4 Domestic Receivables including BP/BD
5 Export Receivables including BP/BD)
6 Deferred receivables(due within one year)
7 Imported Raw Material
8 Indigenous Rawmaterial
9 Stock in Process
10 Finished Goods
11 imported Consumables
12 Indigenous consumables
a. Packing Material
13 Loans&Advances
14 Net Advance Payment of Taxes (if positive)
15 Other Current Assets (specify major items)
a Loans&Advances to staff
b
c
d
16 TOTAL CURRENT ASSETS 74.59 101.59 133.75 166.26 204.45 243.43 283.36
FIXED ASSETS
17 Gross Block (Land & Building Machinery 400.00 400.00 400.00 400.00 400.00 400.00 400.00
18 Add Capital expenditure in wirk-in-process
19 Depreciation to Date 51.00 95.25 133.67 167.06 196.10 221.37 243.38
20 Net Block 349.00 304.75 266.33 232.94 203.90 178.63 156.62
21 OTHER NON CURRENT ASSETS
a Investments in Sub. cos./ affiliates
b Investment in Others
c Contractors
d Deferred Receivables(Maturng after a year)
e Other Non-current investments
f Non Consumable Stores & Spares
g Assets /dues from Directors
h
i
TOTAL OTHER NON CURRENT ASSETS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
22 Intangible Assets
a Preliminary Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b Deffered Revenue expenditures
c Other Intangibles (patents, goodwill, etc.)
d Voluntary Retirement Exps
e
23 Total Intangible Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00
24 TOTAL ASSETS 423.59 406.34 400.08 399.19 408.35 422.06 439.98
49 TANGIBLE NET WORTH (TNW) 92.59 122.63 163.65 210.05 266.49 327.49 392.69
50 NET WORKING CAPITAL (NWC) 27.30 54.30 86.46 118.97 157.16 196.14 236.07
M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS-JORA (JAISINGH
Movement of TNW
Opening TNW 92.59 122.63 163.65 266.49 327.49
Plough back of profit 30.03 41.02 46.40 59.00 62.87
Increase in capital/reserves 0.00 0.00 0.00 2.00 2.33
Intangibles written off 0.00 0.00 0.00 0.00 0.00
Closing TNW 92.59 122.63 163.65 210.05 266.49 327.49 392.69
Current Ratio 1.58 2.15 2.83 3.52 4.32 5.15 5.99
Debt/Equity 3.06 1.93 1.16 0.68 0.35 0.14 0.00
TOL/Equity 3.57 2.31 1.44 0.90 0.53 0.29 0.12
Current Assets/Tangible Assets 17.61% 25.00% 33.43% 41.65% 50.07% 57.68% 64.40%
ROCE(PBDIT incl.Other income/TTA) 0.31 0.32 0.34 0.34 0.35 0.34 0.32
Inentory+Receivables as days of Net Sales 0 0 0 0 0 0 0
ADDITIONAL INFORMATION
a. Arrears of Depreciation
b. Contingent Liabilities
c. Arrears of Cumulative Dividends
d. Gratuity Liability not Provided for
e.Dispute Custom/Excise/ Tax Liabilities
f. Other Liabilities not provided for
Check Points
Check Points 2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20
1 Difference in Assets & Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 profit 0.00 0.00 0.00 0.00 0.00
3 balance Sheet and shown in P&L account 0.00 0.00 0.00 0.00 0.00
4 plus overdues 0.00 0.00 0.00 0.00 0.00
Repayment Schedule
Term Loan Repayment 0.00 0.00 0.00 0.00 0.00 0.00
Security cover. But if a portion of security/ TL is to be considered, give the figures below.
Our Term Loan
Security Available
Collateral security available for TL
COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES

WORKING CAPITAL / BANK BORROWING ASSESSMENTS
Rupees in LACS
2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20
A. WORKING CAPITAL ASSESSMENT
Stock of Imported RM -Days Consumption 0 0 0 0 0 0 0

Stock of Indiginous RM - Days Consumption 0 0 0 0 0 0 0
Imported Consumables - (Days Consumption 0 0 0 0 0 0 0
Indiginous Consumables - (Days Consumptio 0 0 0 0 0 0 0
Stock in process- (Days of Cost of Productio 0 0 0 0 0 0 0
Finished Goods - (Days Cost of Sales) 0 0 0 0 0 0 0
Total Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Inventory/Sales (days) 0 0 0 0 0 0 0
Domestic receivables (Days Gross dom.Sales 0 0 0 0 0 0 0

Export Receivables - (Days Exports) 0 0 0 0 0 0 0
Total Receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Receivables/Gross Sales (days) 0 0 0 0 0 0 0
10
Creditors - (days Consumption) 0 0 0 0 0 0 0
Total Current Assets 74.59 101.59 133.75 166.26 204.45 243.43 283.36
Financed by
Sundry Cr. % of Current Assets 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Curr. Liab.% of Current Assets 63.40% 46.55% 35.36% 28.44% 23.13% 19.43% 16.69%
Bank Finance % of Current Assets 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NWC % to Current Assets 36.60% 53.45% 64.64% 71.56% 76.87% 80.57% 83.31%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
By PBS Method 2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20

Total Current assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital gap 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Working capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bank Finance 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fund Flow Analysis

Rupees in LACS
Particulars ProjectionProjectionProjectionProjectionProjectionProjectionProjection
2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20
FUND FLOW ANALYSIS
1 LONG TERM SOURCES
Profit after Tax 42.90 58.60 66.29 80.63 85.14 90.82
Depreciation 44.25 38.42 33.39 29.04 25.27 22.01
Intangibles written off 0.00 0.00 0.00 0.00 0.00 0.00
Increase in capital and reserves 0.00 0.00 0.00 0.00 2.00 2.33
Increase in Term Liability 0.00 0.00 0.00 0.00 0.00 0.00
i. Decrease in Fixed Assets 0.00 0.00 0.00 0.00 0.00 0.00
ii. Decrease in Other non current assets 0.00 0.00 0.00 0.00 0.00 0.00
87.15 97.03 99.68 109.66 112.41 115.16
2 LONG TERM USES
Net Loss 0.00 0.00 0.00 0.00 0.00 0.00
Increase in Intangibles 0.00 0.00 0.00 0.00 0.00 0.00
Decrease in Capi.and Reserves/ Share Buyba 0.00 0.00 0.00 0.00 0.00 0.00
Decrease in Term Liabilities 47.29 47.29 47.29 47.29 47.29 47.29
i. Increase in Fixed Assets 0.00 0.00 0.00 0.00 0.00 0.00
Increase in non-Current Assets 0.00 0.00 0.00 0.00 0.00 0.00
iii. Increase in Intangibles
Dividend paid 12.87 17.58 19.89 24.19 26.14 27.95
60.16 64.87 67.17 71.47 73.43 75.23
Surplus/ Deficit 27.00 32.16 32.51 38.19 38.98 39.93
Short Term Sources
Increase in Bank Borrowings 0.00 0.00 0.00 0.00 0.00 0.00
Increase in other Current Liab. 0.00 0.00 0.00 0.00 0.00 0.00
Decrease in Inventory 0.00 0.00 0.00 0.00 0.00 0.00
Decrease in Receivables 0.00 0.00 0.00 0.00 0.00 0.00
Decrease in Cash/Deposits/Govt Sec. 0.00 0.00 0.00 0.00 0.00 0.00
Decrease in Other Current Assets 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
Short Term Uses
Increase in Inventory 0.00 0.00 0.00 0.00 0.00 0.00
Increase in Receivables 0.00 0.00 0.00 0.00 0.00 0.00
Increase in Cash/Deposits/Govt Sec. 27.00 32.16 32.51 38.19 38.98 39.93
Increase in Other Current Assets 0.00 0.00 0.00 0.00 0.00 0.00
Decrease in Other Current Liab. 0.00 0.00 0.00 0.00 0.00 0.00
Decrease in Bank Borrowings 0.00 0.00 0.00 0.00 0.00 0.00
27.00 32.16 32.51 38.19 38.98 39.93
Summary of fund Flow Analysis
Long Term Sources 87.15 97.03 99.68 109.66 112.41 115.16
Long Term Uses 60.16 64.87 67.17 71.47 73.43 75.23
Surplus /Deficit (i-ii) 27.00 32.16 32.51 38.19 38.98 39.93
Short term sources 0.00 0.00 0.00 0.00 0.00 0.00
Short term uses 27.00 32.16 32.51 38.19 38.98 39.93
Surplus /Deficit (iii-iv) (27.00) (32.16) (32.51) (38.19) (38.98) (39.93)
CALCULATION OF BREAK EVEN LEVELS

Rupees in LACS
Veriable ProjectionProjectionProjectionProjectionProjectionProjectionProjection
Particulars % 2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20
BREAK EVEN POINT
Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93
Variable Cost
I.Raw Material 100.00% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ii.Consumables 100.00% 0.30 0.32 0.35 0.37 0.41 0.43 0.46
iii.Direct Labour 60.00% 3.60 3.96 4.36 4.79 5.27 5.80 6.38
iv.Power & Fuel 60.00% 4.76 4.90 5.39 5.55 6.07 6.25 6.44
v.Selling Expenses 20.00% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
vi.Other Variable Costs
Total Variable Costs 8.66 9.18 10.10 10.71 11.76 12.49 13.27
Percent of Sales 6% 6% 7% 7% 7% 8% 8%
Fixed Costs 95.37 83.35 72.51 62.28 53.02 46.15 38.18
Break Even Level of Sales 101.40 88.96 77.55 66.90 57.09 49.93 41.52
Percentage to Sales 70% 61% 50% 43% 35% 30% 25%
Cash Break Even of Sales 47.17 41.73 36.46 31.04 25.82 22.59 17.58
32% 29% 23% 20% 16% 14% 11%
Sensitivity to BEP
When sales go down
Sales (when down by) 1% 144.07 144.07 153.68 153.68 163.28 163.28 163.28
Veriable costs also go down by 1% 8.57 9.09 9.99 10.60 11.64 12.36 13.14
Contribution 135.50 134.99 143.69 143.08 151.65 150.92 150.14
Fixed Costs 95.37 83.35 72.51 62.28 53.02 46.15 38.18
BEP 101.40 88.96 77.55 66.90 57.09 49.93 41.52
% to Sales 70% 62% 50% 44% 35% 31% 25%
% Sales 33% 29% 24% 20% 16% 14% 11%
When RM cost goes up by 1%

% can be passed on to customer
Sales will go up to 145.53 145.53 155.23 155.23 164.93 164.93 164.93
Veriable costs up by 1% 8.66 9.18 10.10 10.71 11.76 12.49 13.27
Contribution 136.87 136.35 145.14 144.52 153.18 152.45 151.66
Fixed costs 95.37 83.35 72.51 62.28 53.02 46.15 38.18
BEP if RM cost goes up by 1% 101.40 88.96 77.55 66.90 57.09 49.93 41.52
% to Sales 70% 61% 50% 43% 35% 30% 25%
% Sales 32% 29% 23% 20% 16% 14% 11%
When Other Veriable costs up 1%

% can be passed on to custom 0%
Sales will go up to 145.53 145.53 155.23 155.23 164.93 164.93 164.93
Other Veriable Cost up by 1% 8.75 9.27 10.20 10.82 11.87 12.61 13.41
Contribution 136.78 136.26 145.04 144.41 153.06 152.32 151.53
Fixed Costs 95.37 83.35 72.51 62.28 53.02 46.15 38.18
BEP If Variable Expn. Go up by 1% 101.46 89.02 77.61 66.95 57.13 49.97 41.56
% Sales 70% 61% 50% 43% 35% 30% 25%
% Sales 32% 29% 24% 20% 16% 14% 11%
Sensitivity to DSCR
When Sales go down
Sales (when down by) 10% 130.98 130.98 139.71 139.71 148.44 148.44 148.44
Veriable costs also go down by 0% 8.66 9.18 10.10 10.71 11.76 12.49 13.27
Fixed cost 95.37 83.35 72.51 62.28 53.02 46.15 38.18
Total cost 104.03 92.52 82.60 72.99 64.77 58.64 51.45
Operating Profits 26.95 38.45 57.11 66.72 83.67 89.80 96.99
Depriciation & non cash charges 51.00 44.25 38.42 33.39 29.04 25.27 22.01
Cash Accruals 77.95 82.70 95.53 100.10 112.70 115.07 119.00
Interest on TL 37.59 31.92 26.24 20.57 14.90 9.22 3.55
Repayments
Gross DSCR 3.07 3.59 4.64 5.87 8.57 13.48 34.55
Average Gross DSCR 0.30
When RM cost goes up by 10%

Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93
Veriable costs sales go up to 8.66 9.18 10.10 10.71 11.76 12.49 13.27
Fixed cost 95.37 83.35 72.51 62.28 53.02 46.15 38.18
Total cost 104.03 92.52 82.60 72.99 64.77 58.64 51.45
Cash Accruals 92.50 97.26 111.05 115.63 129.20 131.57 135.49
Interest on TL 37.59 31.92 26.24 20.57 14.90 9.22 3.55
Repayments 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Gross DSCR 3.46 4.05 5.23 6.62 9.67 15.27 39.21
When Variable costs go up by 10%

Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93
Veriable costs sales go up to 9.53 10.10 11.10 11.78 12.93 13.73 14.60
Fixed cost 95.37 83.35 72.51 62.28 53.02 46.15 38.18
Total cost 104.89 93.44 83.61 74.06 65.95 59.89 52.78
Cash Accruals 91.64 96.34 110.04 114.56 128.02 130.32 134.17
Interest on TL 37.59 31.92 26.24 20.57 14.90 9.22 3.55
Repayments 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Gross DSCR 3.44 4.02 5.19 6.57 9.59 15.13 38.83
RATIO ANALYSIS
Rupees in LACS
Particulars 2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20
... RATIOS
1 Growth in Sales 0% 0% 7% 0% 6% 0% 0%
2 Gross profit Ratio 54.56% 58.58% 63.93% 66.49% 70.02% 71.54% 72.09%
3 PBDIT 130.10 129.17 137.29 136.20 144.09 142.79 140.37
4 PBDIT/sales 89.40% 88.76% 88.44% 87.74% 87.36% 86.57% 85.11%
5 Operating Profits/Sales 28.52% 36.42% 46.79% 52.98% 60.73% 64.45% 68.80%
6 PBT/Sales 28.52% 36.42% 46.79% 52.98% 60.73% 64.45% 68.80%
7 PAT/Sales 23.16% 29.48% 37.75% 42.70% 48.89% 51.62% 55.06%
8 Cash Accruals/ Sales 58.24% 59.92% 62.54% 64.25% 66.52% 66.97% 68.44%
9 Sales/Equity 1.57 1.19 0.95 0.74 0.62 0.50 0.42
10 Sales / TTA 0.34 0.36 0.39 0.39 0.40 0.39 0.37
11 Interest Coverage (Interest/PBDIT) ### 37.58% 26.54% 20.01% 12.95% 9.55% 4.12%
12 PBDIT / Interest (Times) 3.46 4.05 5.23 6.62 9.67 12.73 28.77
13 Deferred Debt/ Equity 3.06 1.93 1.16 0.68 0.35 0.14 0.00
14 TOL/Equity 3.57 2.31 1.44 0.90 0.53 0.29 0.12
15 Current Ratio (CA / CL) 1.58 2.15 2.83 3.52 4.32 5.15 5.99
16 Current Ratio excluding TL Instalments 1.58 2.15 2.83 3.52 4.32 5.15 5.99
17 CA / TTA (%) 17.61% 25.00% 33.43% 41.65% 50.07% 57.68% 64.40%
18 Inentory+Receivables as days of Net Sa 0 0 0 0 0 0 0
19 Bank Borrowings/Current Assets 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
20 RM content in sales 0% 0% 0% 0% 0% 0% 0%
21 ROCE(PBDIT incl.Other income/TTA) 30.71% 31.79% 34.32% 34.12% 35.29% 33.83% 31.90%
DSCR
Debt Service Coverage Ratio Calculations
Cash accruals 84.75 87.20 97.08 99.73 109.71 110.46 112.88
Any cash inflow(eg.sales tax
deferal, subsidy )
Interest on TL / Deffered Loans 37.59 31.92 26.24 20.57 14.90 10.22 4.21
Repayment Obligations of TL 0.00 0.00 0.00 0.00 0.00 0.00
Repayment of other deffered Loans
Total Repayment 37.59 31.92 26.24 20.57 14.90 10.22 4.21
Net Debt Service Coverage Ratio (DSCR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Gross Debt Service Coverage Ratio (DSCR) 3.25 3.73 4.70 5.85 8.37 11.81 27.79
Average Net DSCR 0.21
Average Gross DSCR #REF!
Security Coverage Ratio

Security Coverage Ratio
Net Block 349.00 304.75 266.33 232.94 203.90 178.63 156.62
Term Loan outstanding (including instalment 283.71 236.43 189.14 141.86 94.57 47.29 0.00
Security Cover avilable (NB-TL/NB) 19% 22% 29% 39% 54% 74% 0%
Security cover including Collateral Security

Security Cover avilable ((NB+Collaeral-TL)/N 19% 22% 29% 39% 54% 74% 100%
M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGI Key Indicators

Key Indicators Rupees in LACS
2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20
Net Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93
(Net) Other income 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBDIT/Sales 89.40% 88.76% 88.44% 87.74% 87.36% 86.57% 85.11%
PBT/Sales 28.52% 36.42% 46.79% 52.98% 60.73% 64.45% 68.80%
PAT 33.70 42.90 58.60 66.29 80.63 85.14 90.82
PAT/Net Sales 23.16% 29.48% 37.75% 42.70% 48.89% 51.62% 55.06%
Cash Accruals 84.75 87.20 97.08 99.73 109.71 110.46 112.88
Cash Accruals/Sales 58.24% 59.92% 62.54% 64.25% 66.52% 66.97% 68.44%
Paid up Capital (PUC) 69.00 69.00 69.00 69.00 69.00 69.00 69.00
TNW 92.59 122.63 163.65 210.05 266.49 327.49 392.69
Adjusted TNW (TNW-Investment in associ 92.59 122.63 163.65 210.05 266.49 327.49 392.69
TOL/TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12
TOL/Adjusted TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12
C/R 1.58 2.15 2.83 3.52 4.32 5.15 5.99
C/R excluding T/L instalments due in 1 y 1.58 2.15 2.83 3.52 4.32 5.15 5.99
Net Sales/TTA (Times) 0.34 0.36 0.39 0.39 0.40 0.39 0.37
PBT/TTA (%) 9.80% 13.04% 18.15% 20.60% 24.53% 25.18% 25.79%
Operating costs/sales(%) 71.48% 63.58% 53.21% 47.02% 39.27% 35.55% 31.20%
Bank Finance / Current Assets (%) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Inv + Rec. /N.S. (DAYS) 0 0 0 0 0 0 0
NWC / CA (%) 36.60% 53.45% 64.64% 71.56% 76.87% 80.57% 83.31%

List of Annexures: S. No. Description

Uploaded by

Copyright:

Available Formats

List of Annexures: S. No. Description

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

List of Annexures: S. No. Description

Uploaded by

Copyright:

Available Formats

M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS-JORA (JAISINGH NAGAR)

1 COST OF THE PROJECT & MEANS OF FINANCE

4 DETAILS OF PRE-OPERATIVE EXPENSES

5 ESTIMATES OF PROBABLE PROFITS

6 PROJECTED REVENUE REALISATION

7 MANPOWER AND ANNUALSALARIES

8 ESTIMATES OF ANNUAL POWER, WATER AND FUEL EXPENSES

9 ESTIMATES OF ANNUAL REPAIR & MAINTENANCE EXPENSES

10 ESTIMATES OF FINANCIAL CHARGES

12 COMPUTATION OF INCOME TAX LIABILITY

13 ESTIMATION OF DEBT SERVICE COVERAGE RATIO

14 PROJECTED CASH FLOW STATEMENT

15 PROJECTED BALANCE SHEET STATEMENT

16 YEAR WISE BREAK EVEN ANALYSIS

17 ESTIMATES OF INTERNAL RATE OF RETURN

18 IMPORTANT RATIOS / KEY FINANCIAL PARAMETERS

Goyal & Associates

Goyal & Associates

COST OF THE PROJECT & MEANS OF FINANCE

A.1 LAND OWNED

A.2 BUILDING & SITE DEVELOPMENT 180.00

COLD STORAGE (5390 MT) 180.00

Total Cost of Construction 180.00

A.3 MISC. FIXED ASSETS 220.00

A.4 CONTENGENCIES @ 1% 4.00

A.5 PRE-OPERATIVE EXP. 28.32

TOTAL (A) 400.00

B.1.a PROMOTER CONTRIBUTION 17% 69.00

B.2.a SUBSIDY FROM NHM/NHB 41% 165.00

(Maximum Subsidy restricted Rs.120.00 lacs)

Susidy From Central Govt. @ 55%

for notified scheduled area of Govt. of Rs. 165.00 lacs

B.2.b TERM LOAN FROM BANK 42% 166.00

(From SFCA/Venture Capital Fund)

TOTAL (B1+B2) 400.00

DEBT EQUITY RATIO 4.80

Goyal & Associates

ESTIMATES OF LAND, SITE DEVELOPMENT, BUILDING OF COLD STORAGE

AREA IN RATE/ TOTAL

2 SITE DEVELOPMENT 7.00

2 BUILDING & OTHER CIVIL WORKS

Chambers (Four) with RCC Racks 105.00

Verandah Loading Unloading 17.00

Machine Room 7.00

Hammal Quarters and Office 7.00

Total Estimated Cost of Construction 136.00

Add: Cost of Wodden Log Structure 37.00

Total Estimated Cost of Buildings 173.00

TOTAL OF ANNEXURE--B 180.00

Goyal & Associates

DETAILS OF PLANT & MACHINERY WITH MISC. FIXED ASSETS

S.No. DESCRIPTION WITH SPECIFICATION TOTAL AMOUNT

(A) PLANT & MACHINERY : (As per quotation)

1 Plant & Machineries 91.00

1 Power Back-up including installation (DG Set 160 KVA) 8.00

TOTAL (B) 13.00

TOTAL ASSETS (A+B) 220.00

Goyal & Associates