CHAPTER-7

ESTIMATE COST OF PROJECT

The Total Cost of Project has been estimated Rs. 4395.22 Lacs.

DETAILS OF PROJECT COST Rs.in Lacs

Exhisting
Sl.No. Head Amount
1 Land (102 Decimal) On Lease

2 Cost of Civil Work 2,365.36

PHE Work (Quotation attached) 264.94

Required for Interior and Exteriour Building Decoration,Like

Glazing,Glassing,ACP Work etc (Including Labour Charges)

3 Machine & Equipments

a. " Escalators 8 Nos (Annexure Attached) 44,027,750.54
b) "VOLTAS" Make VRF Condensing Unit (Quotation attached 27,871,232.00
c) Installation, Commisioning, Copper Piping and other accessories 12,390,000.00 842.89

A Requred For 33KV Electricity Supply in Mall from SBPDCL With

Transfermer,33KV XLPE Cable 3CX400SQ MM.(Approx-2 KM)

B Required for Fresh Air,Ventilation, All Outdoor Stand Fabrication

Work etc.

C Required for Sewage Treatment Plant Water Proofing, All Water

Tank and Bathroom Waterproofing, Terrace Water Proofing and
Porcelain Tiles Work For Waterproof

4 Misc.Fixed Assets
a) Fire Fighting Equipments (Quotation Attached) 25,858,720.00
b) Electricals. Transformer, DG Set320KVA, Lighting and
Arrester Work D.G.Set 250 KVA 2 No.(Annexure Attached) 39,202,753.50 650.61

6 Pre-Operative Expenses 28.08

7 Contignecy 22.00
8 Interest on Construction Period 221.22 271.30
TOTAL 4,395.10
Addition TOTAL

2,365.36
264.94

491.04 491.04

842.89

224.25 224.25

97.54 97.54

90.54 90.54

650.61

197.63 468.93
1,101.00 5,496.10
 Assumptions

1 Occupancy / Leasing for the fist year after COD has been assumed as 65%,70% for 2nd year and 75% from 3rd year and onward.
2 15% Rental hike has been considered after every 3 year of span.
3 Moratorium of 21 month has been considered inclusive of construction of building, fitting of all equipment,leasing of shops, etc.
4 we have assumed that till 30.09.2024 all the works mentioned in point no 3 will be completed.
5 Repayment of the loan will start from April-2025 onward in 156 monthly installments.
6 During moratorium 15 months interest to be captalized and 6 months interest will be served.
 PROJECT CUM FEASIBILITY REPORT
RAGHIB CONSTRUCTION PRIVATE LIMITED
PROJECT -YUSRA MALL
PROJECT COST MEANS OF FINANCE
INITIAL COST OF THE PROJECT
PARTICULARS Exhisting Addition Total Promoter's Loan from Bank Promoter's Loan from Bank Interest Total
Cost (Rs.in Lacs) (Rs.in Lacs) Contribution in Percentage Contribution in (Rs.in Lacs) during Cost
(Rs.in Lacs) Percentage (Rs.in Lacs) Construction

Period
MALL BUILDING 2,365.36 491.04 2,856.40 81.77% 18.23% 2,234.48 621.92 2,856.40 26.29282646193
PHE WORK 264.94 264.94 25% 75% 66.24 198.71 264.95
PLANT & MACHINERY 842.89 412.33 1,255.22 25% 75% 313.81 941.41 1,255.22
FURNITURE & FIXTURE AND OFFICE EQUIPMENTS 650.61 650.61 25% 75% 162.65 487.96 650.61
PRELIMINERY & PRE-OPERATIVE EXPENSES 50.08 50.08 100% - 50.08 50.08
INTEREST ON CONSTRUCTION PERIOD 221.22 197.63 418.85 418.85 418.85 418.85

TOTAL OF FIXED INVESTMENT 4,395.10 1,101.00 5,496.10 3,246.11 2,250.00 418.85 5,496.11

MEANS OF FINANCE OF THE PROJECT

EXHISTING ADDITION - 500.00
SL.NO. AMOUNT

TERM LOAN 1,750.00 500.00

TERM LOAN(Interest Capitalized) 221.22 197.63
PROMOTERS CONSTRIBUTION 1,200.00 -
UNSECURED LOAN 1,223.88 403.37

TOTAL 4,395.10 1,101.00

 ANNEXURE-III
CALCULATION OF SALARY & WAGES
(Rs.in Lacs)
Sl.No. Particulars No. Rate Monthly Annual
Salary
A- ADMINISTRATIVE SECTION :

1 Manager 1 20,000.00 20,000.00 2.40

2 Accountant 1 15,000.00 15,000.00 1.80

4 Security Guard 4 9,500.00 38,000.00 4.56

6 D.G.Set Operator 1 9,000.00 9,000.00 1.08

7 82,000.00 9.84

1st Year 9.84

2nd Year 10.33
3rd Year 10.85
4th Year 11.39
5th Year 11.96
6th Year 12.56
7th Year 13.19
8th Year 13.85
9th Year 14.54
10th Year 15.27
11th Year 16.03
12th Year 16.83
13th Year 17.67
14th Year 18.55
15th Year 19.48
 ANNEXURE-IV

CALCULATION OF REPAIR & MAINTENANCE AND OTHER EXPENSES

A- REPAIR & MAINTENANCE

The repair & maintenance expenses for the building and plant & Machinery
have been respectively and an increase of 2% every year have been taken in
accounts
(Rs.in Lacs)
Hence income to Repair
Expenses
1 Building (Including PHE Work) 2,630.30 3.95

2 Machinery & Equipments 1,493.50 2.24

and Misc.Fixed Assets
6.19

1st Year 6.19

2nd Year 6.31
3rd Year 6.44
4th Year 6.56
5th Year 6.70
6th Year 6.83
7th Year 6.97
8th Year 7.11
9th Year 7.25
10th Year 7.39
11th Year 7.54
12th Year 7.69
13th Year 7.84
14th Year 8.00
15th Year 8.16

Note: Increase 2% Every year

 (Rs.in Lacs)
B OTHER EXPENSES AMOUNT
Travelling & Conveyance 0.18
Printing & Stationery 0.05
Insurance Charges 1.50
Other Admistration Expenses 0.60
2.33

1st Year 2.33

2nd Year 2.45
3rd Year 2.57
4th Year 2.70
5th Year 2.83
6th Year 2.97
7th Year 3.12
8th Year 3.28
9th Year 3.44
10th Year 3.61
11th Year 3.80
12th Year 3.99
13th Year 4.18
14th Year 4.39
15th Year 4.61

Note: Increase 5% Every year

 ANNEXURE-V
CALCULATION OF POWER & FUEL
Amount
Sl.No. Break up of Power Loan

1 Centrally Air Conditioner 468 K.W

2 Corridor 175 K.W
3 Escalators 6 Nos. 80 K.W
4 Lift 10 Passengers 4 Nov 32 K.W
5 Lift 15 Passengers 2 Nov 20 K.W
6 General Lighting Purpose 50 K.W

825 K.W

Mamimum Demand K.W. 825

Running Loan K.W. 500
Stand by Arrangement KVA(1 No.of 500 KVA and 250 750
Power Conumption rate Rs. 7.50 Per unit including M.G.Charges
Diesel Rate Per Litre 70

CALCULATION OF POWER & FUEL EXPENSES :-

A Power 6.60
500 K.W X Rs.7.50/- X 360 days X 11 hrs
B D.G.Sets 0.50

7.10

Expenses as on Utilisation Capacity

Year Capacity Amount
1st Year 7.10
2nd Year 7.46
3rd Year 7.83
4th Year 8.22
5th Year 8.63
6th Year 9.06
7th Year 9.51
8th Year 9.99
9th Year 10.49
10th Year 11.01
11th Year 11.57
12th Year 12.14
13th Year 12.75
14th Year 13.39
15th Year 14.06
 CHAPTER-6
RENTAL REVENU REALISATION BY THE MALL
(A)
Basement SHOPS AREA AREA Rate @ Monthly
No. In Sq.mt in Sq.ft per sq.ft Rent
BS-1 26.23 282.33 50.00 14,116.50
BS-2 28.10 302.46 50.00 15,123.00
BS-3 26.23 282.33 50.00 14,116.50
BS-4 25.09 270.06 50.00 13,503.00
BS-5 26.23 282.33 50.00 14,116.50
BS-6 26.01 279.97 50.00 13,998.50
BS-7 27.88 300.10 50.00 15,005.00
BS-8 62.73 675.22 50.00 33,761.00

248.49 2,674.80
(B)
Groud Floor SHOPS AREA AREA Rate @ Monthly
No. In Sq.mt in Sq.ft per sq.ft Rent
Mall 920.87 9,912.24
101 31.22 336.00 50.00 16,800.00
102 31.22 336.00 50.00 16,800.00
102 31.22 336.00 50.00 16,800.00
104 31.22 336.00 50.00 16,800.00
105 31.22 336.00 50.00 16,800.00
106 32.98 355.00 50.00 17,750.00
107 32.98 355.00 50.00 17,750.00
108 32.98 355.00 50.00 17,750.00
109 32.52 350.00 50.00 17,500.00
110 30.26 325.69 50.00 16,284.50
111 32.06 345.14 50.00 17,257.00
112 39.67 427.00 50.00 21,350.00
113 39.67 427.00 50.00 21,350.00

0 1,350.06 14,532.07
(B)
First Floor SHOPS AREA AREA Rate @ Monthly
In Sq.mt in Sq.ft per sq.ft Rent
Mall 975.63 10,501.69
201 35.21 379.00 50.00 18,950.00
202 35.21 379.00 50.00 18,950.00
203 35.21 379.00 50.00 18,950.00
204 35.21 379.00 50.00 18,950.00
205 46.95 505.33 50.00 25,266.50
206 35.02 377.00 50.00 18,850.00
207 36.32 391.00 50.00 19,550.00
208 36.32 391.00 50.00 19,550.00
209 29.81 320.83 50.00 16,041.50
210 32.53 350.10 50.00 17,505.00
211 39.67 427.00 50.00 21,350.00
212 39.67 427.00 50.00 21,350.00
-
1,412.76 15,206.95
(C)
Second Floor SHOPS AREA AREA Rate @ Monthly
In Sq.mt in Sq.ft per sq.ft Rent
Mall 995.45 10,715.00
301 35.21 379.00 50.00 18,950.00
 302 35.21 379.00 50.00 18,950.00
303 35.21 379.00 50.00 18,950.00
304 35.21 379.00 50.00 18,950.00
305 35.21 379.00 50.00 18,950.00
306 35.21 379.00 50.00 18,950.00
307 46.95 505.33 50.00 25,266.50
308 35.02 377.00 50.00 18,850.00
309 36.32 391.00 50.00 19,550.00
310 36.32 391.00 50.00 19,550.00
311 29.81 320.83 50.00 16,041.50
312 32.53 350.10 50.00 17,505.00
313 39.67 427.00 50.00 21,350.00
314 39.67 427.00 50.00 21,350.00

1,503.00 16,178.26
(D)
Third Floor BANQUET AREA AREA Rate @ Monthly
HALL In Sq.mt in Sq.ft per sq.ft Rent

East Banquet Hall 1 232.69 2,504.67 75,000.00

Room 401 20.09 216.24
Room 402 20.09 216.24
Room 403 20.09 216.24
Room 404 20.09 216.24
Room 405 20.09 216.24
Room 406 20.09 216.24
Room 407 26.79 288.36

East Banquet Hall 2 347.54 3,740.95 80,000.00

Room 408 18.45 198.62
Room 409 19.14 206.00
Room 410 19.14 206.00

East Banquet Hall 3 247.07 2,659.50 70,000.00

Suit+Room 23.25 250.26
Suit+Room 25.29 272.22
Suit+Room 32.52 350.00
Suit+Room 32.52 350.00
Kitchen 205.64 2,213.56

1,350.57 14,537.58

(F)
4th Floor CINEMA AREA AREA Rate @ Monthly
HALL IN Sq.mt in Sq.ft per sq.ft Rent
Auditorium 1 270.86 2,915.50 40.00 116,620.00
Auditorium 2 220.50 2,373.44 40.00 94,937.60
Auditorium 3 233.30 2,511.25 40.00 100,450.00
Room 501 24.02 258.55 40.00 10,342.00
Room 502 20.09 216.24 40.00 8,649.60
Room 503 20.09 216.24 40.00 8,649.60
Room 504 20.09 216.24 40.00 8,649.60
Room 505 20.09 216.24 40.00 8,649.60
Room 506 26.79 288.36 40.00 11,534.40
Game Zone 507 127.74 1,375.00 40.00 55,000.00
Foot Court 508 147.16 1,584.07 40.00 63,362.80
 1,130.73 12,171.13

(G)
5th Floor CINEMA AREA AREA Rate @ Monthly
HALL IN Sq.mt in Sq.ft per sq.ft Rent
Auditorium 1 335.24 3,608.50 40.00 144,340.00
Auditorium 2 285.42 3,072.22 40.00 122,888.80
Auditorium 3 296.78 3,194.58 40.00 127,783.20
Service Hall 4 67.24 723.81 40.00 28,952.40
Service Hall 5 104.60 1,125.96 40.00 45,038.40
Room 601 25.08 270.00 40.00 10,800.00
Room 602 20.07 216.00 40.00 8,640.00
Room 603 20.07 216.00 40.00 8,640.00
Room 604 20.07 216.00 40.00 8,640.00
Room 605 20.07 216.00 40.00 8,640.00
Room 606 26.76 288.00 40.00 11,520.00
Room 607 18.46 198.71 40.00 7,948.40
Room 608 19.13 205.92 40.00 8,236.80
Room 609 19.13 205.92 40.00 8,236.80
Suit+Room 610 23.25 250.25 40.00 10,010.00
Suit+Room 611 25.36 273.00 40.00 10,920.00
Suit+Room 612 32.51 349.92 40.00 13,996.80
Suit+Room 613 32.51 349.92 40.00 13,996.80

1,391.74 14,980.71

(H)
6th Floor AREA AREA Rate @ Monthly
IN Sq.mt in Sq.ft per sq.ft Rent
Open Restaurent 214.83 2,312.43 45.00 104,059.35
Open Restaurent 101.49 1,092.46 45.00 49,160.70
Hall 64.38 692.94 45.00 31,182.30
Hall 80.69 868.55 45.00

461.39 4,966.38

(E) ANCHOR STORAGE (MALL)

D-MART AREA AREA Rate @ Monthly
IN Sq.mt in Sq.ft per sq.ft Rent
Ground Floor 101 921.21 9,912.24 50.00 46,060.59
First Floor 201 975.99 10,501.69 50.00 48,799.67
Second Floor 301 995.82 10,715.00 50.00 49,790.89

Charges
CAR PARKING Capacity per day
Covered Area
35400.97 Sq.ft
No.of Four Wheeler 100 30.00
No.of Two Wheeler 150 15.00

TOTAL(A TO I)
After 3 Years Increas 15%
SUMARY OF INCOME
1ST YEAR 174.49
2ND YEAR
3RD YEAR
4TH YEAR
5TH YEAR
6TH YEAR
7TH YEAR
8TH YEAR
9TH YEAR
10TH YEAR
11TH YEAR
12TH YEAR
13TH YEAR
14TH YEAR
15TH YEAR

Note : 1st year 3 Month rent received

DETAILS OF AREA
BUILTUP CARPET
FLOOR NAME AREA IN AREA IN AREA IN
SQ.MT SQ.FT SQ.MT
1 Parking Basement 3,288.83 35,400.97

2 Basement 332.72 3,581.40 248.49

3 Ground Floor 2,088.81 22,483.95 1,350.06
4 First Floor 1,878.12 20,216.08 1,412.76
5 Second Floor 1,923.47 20,704.23 1,503.00
6 Third Floor 2,014.62 21,685.37 1,350.57
7 Fourth Floor 2,123.00 22,851.97 1,130.73
8 Fifth Floor 1,167.08 12,562.45 1,391.74
9 Sixth Floor 867.85 9,341.54 461.39

Total Area 15,684.50 168,827.96 8,848.74

(Rs.in Lacs)
Annual Income

1.69
1.81
1.69
1.62
1.69
1.68
1.80
4.05

16.05
(Rs.in Lacs)
Annual Income

2.02
2.02
2.02
2.02
2.02
2.13
2.13
2.13
2.10
1.95
2.07
2.56
2.56

27.72

Annual Income

2.27
2.27
2.27
2.27
3.03
2.26
2.35
2.35
1.92
2.10
2.56
2.56
-
28.23

Annual Income

2.27
 2.27
2.27
2.27
2.27
2.27
3.03
2.26
2.35
2.35
1.92
2.10
2.56
2.56

32.78

Annual Income
180 days

135.00

144.00

126.00

405.00

Annual Income

13.99
11.39
12.05
1.24
1.04
1.04
1.04
1.04
1.38
6.60
7.60
 58.42

Annual Income

17.32
14.75
15.33
3.47
5.40
1.30
1.04
1.04
1.04
1.04
1.38
0.95
0.99
0.99
1.20
1.31
1.68
1.68

71.91

Annual Income

12.49
5.90
3.74

22.13

Annual

5.53
5.86
5.97

17.36

Annual Income

10.50
7.88

18.38

697.97
 697.97
697.97
697.97
724.14
802.67
802.67
832.77
923.07
923.07
957.68
1,061.53
1,061.53
1,101.33
1,220.75
1,220.75

2,271.27
2,388.75
2,498.81
 Repayment Schedule of Term Loan to Bank & Interest thereon.

Term Loan 1750 Lacs

Rate of Interest 12.90%
No of Instalment 156 Month
Expected Construction Period Sep-24
Moratarium Period construction and leasing 21 Month
Instalment Start from Apr-25
Innstalment End on Mar-38
Total Amount of Term Loan 2,584.60 Lacs
Principal Instalment (Rs) 151.64 Lacs

ANNEXURE-VI
Repayment
Ins.No. Month Year Opening Disburshed Interest Total Interest Principal Total Closing
1 July 2023 - - - - - -
2 August 2023 - - - - -
3 Sept 2023 - 358.57 - 358.57 - 358.57
4 October 2023 358.57 131.74 4.66 494.97 - 494.97
5 November 2023 494.97 176.64 5.21 676.82 - 676.82
6 December 2023 676.82 401.02 9.37 1,087.21 - 1,087.21
7 January 2024 1,087.21 288.98 12.58 1,388.77 - 1,388.77
8 February 2024 1,388.77 134.09 13.89 1,536.75 - 1,536.75
9 March 2024 1,536.75 26.21 15.67 1,578.63 - 1,578.63
1,517.25 61.38
10 April 2024 1,578.63 10.52 15.53 1,604.68 - 1,604.68
11 May 2024 1,604.68 101.82 16.95 1,723.45 - 1,723.45
12 June 2024 1,723.45 20.25 17.03 1,760.73 - 1,760.73
13 July 2024 1,760.73 85.84 18.37 1,864.94 - 1,864.94
14 August 2024 1,864.94 13.08 20.19 1,898.21 - 1,898.21
15 Sept 2024 1,898.21 500.00 25.78 2,423.99 - 2,423.99
16 October 2024 2,423.99 26.06 2,450.05 - - 2,450.05
17 November 2024 2,450.05 26.34 2,476.39 - - 2,476.39
18 December 2024 2,476.39 26.62 2,503.01 - - 2,503.01
19 January 2025 2,503.01 26.91 2,529.92 - - 2,529.92
20 February 2025 2,529.92 27.20 2,557.11 - - 2,557.11
21 March 2025 2,557.11 27.49 2,584.60 - - 2,584.60
731.51 274.46 - -
22 April 2025 2,584.60 27.78 2,612.39 - - - 2,612.39
23 May 2025 2,612.39 28.08 2,640.47 - - - 2,640.47
24 June 2025 2,640.47 28.39 2,668.85 - - - 2,668.85
25 July 2025 2,668.85 28.69 2,697.54 28.69 17.44 46.13 2,651.41
26 August 2025 2,651.41 28.50 2,679.92 28.50 17.44 45.94 2,633.97
27 Sept 2025 2,633.97 28.32 2,662.29 28.32 17.44 45.76 2,616.53
28 October 2025 2,616.53 28.13 2,644.66 28.13 17.44 45.57 2,599.09
29 November 2025 2,599.09 27.94 2,627.03 27.94 17.44 45.38 2,581.65
30 December 2025 2,581.65 27.75 2,609.41 27.75 17.44 45.19 2,564.21
31 January 2026 2,564.21 27.57 2,591.78 27.57 17.44 45.01 2,546.77
32 February 2026 2,546.77 27.38 2,574.15 27.38 17.44 44.82 2,529.33
33 March 2026 2,529.33 27.19 2,556.52 27.19 17.44 44.63 2,511.89
- 335.71 251.46 156.96
34 April 2026 2,511.89 27.00 2,538.90 27.00 17.44 44.44 2,494.45
35 May 2026 2,494.45 26.82 2,521.27 26.82 17.44 44.26 2,477.01
36 June 2026 2,477.01 26.63 2,503.64 26.63 17.44 44.07 2,459.57
37 July 2026 2,459.57 26.44 2,486.01 26.44 17.44 43.88 2,442.13
38 August 2026 2,442.13 26.25 2,468.39 26.25 17.44 43.69 2,424.69
39 Sept 2026 2,424.69 26.07 2,450.76 26.07 17.44 43.51 2,407.25
40 October 2026 2,407.25 25.88 2,433.13 25.88 17.44 43.32 2,389.81
41 November 2026 2,389.81 25.69 2,415.50 25.69 17.44 43.13 2,372.37
42 December 2026 2,372.37 25.50 2,397.88 25.50 17.44 42.94 2,354.93
44 January 2027 2,354.93 25.32 2,380.25 25.32 17.44 42.76 2,337.49
44 February 2027 2,337.49 25.13 2,362.62 25.13 17.44 42.57 2,320.05
45 March 2027 2,320.05 24.94 2,344.99 24.94 17.44 42.38 2,302.61
- 311.66 311.66 209.28
46 April 2027 2,302.61 24.75 2,327.37 24.75 17.44 42.19 2,285.17
47 May 2027 2,285.17 24.57 2,309.74 24.57 17.44 42.01 2,267.73
48 June 2027 2,267.73 24.38 2,292.11 24.38 17.44 41.82 2,250.29
49 July 2027 2,250.29 24.19 2,274.48 24.19 17.44 41.63 2,232.85
50 August 2027 2,232.85 24.00 2,256.86 24.00 17.44 41.44 2,215.41
51 Sept 2027 2,215.41 23.82 2,239.23 23.82 17.44 41.26 2,197.97
52 October 2027 2,197.97 23.63 2,221.60 23.63 17.44 41.07 2,180.53
53 November 2027 2,180.53 23.44 2,203.97 23.44 17.44 40.88 2,163.09
54 December 2027 2,163.09 23.25 2,186.35 23.25 17.44 40.69 2,145.65
55 January 2028 2,145.65 23.07 2,168.72 23.07 17.44 40.51 2,128.21
56 February 2028 2,128.21 22.88 2,151.09 22.88 17.44 40.32 2,110.77
57 March 2028 2,110.77 22.69 2,133.46 22.69 17.44 40.13 2,093.33
- 284.66 284.66 209.28
58 April 2028 2,093.33 22.50 2,115.84 22.50 17.44 39.94 2,075.89
59 May 2028 2,075.89 22.32 2,098.21 22.32 17.44 39.76 2,058.45
60 June 2028 2,058.45 22.13 2,080.58 22.13 17.44 39.57 2,041.01
61 July 2028 2,041.01 21.94 2,062.95 21.94 17.44 39.38 2,023.57
62 August 2028 2,023.57 21.75 2,045.33 21.75 17.44 39.19 2,006.13
63 Sept 2028 2,006.13 21.57 2,027.70 21.57 17.44 39.01 1,988.69
64 October 2028 1,988.69 21.38 2,010.07 21.38 17.44 38.82 1,971.25
65 November 2028 1,971.25 21.19 1,992.44 21.19 17.44 38.63 1,953.81
66 December 2028 1,953.81 21.00 1,974.82 21.00 17.44 38.44 1,936.37
67 January 2029 1,936.37 20.82 1,957.19 20.82 17.44 38.26 1,918.93
68 February 2029 1,918.93 20.63 1,939.56 20.63 17.44 38.07 1,901.49
69 March 2029 1,901.49 20.44 1,921.93 20.44 17.44 37.88 1,884.05
- 257.67 257.67 209.28
70 April 2029 1,884.05 20.25 1,904.31 20.25 17.44 37.69 1,866.61
71 May 2029 1,866.61 20.07 1,886.68 20.07 17.44 37.51 1,849.17
72 June 2029 1,849.17 19.88 1,869.05 19.88 17.44 37.32 1,831.73
73 July 2029 1,831.73 19.69 1,851.42 19.69 17.44 37.13 1,814.29
74 August 2029 1,814.29 19.50 1,833.80 19.50 17.44 36.94 1,796.85
75 Sept 2029 1,796.85 19.32 1,816.17 19.32 17.44 36.76 1,779.41
76 October 2029 1,779.41 19.13 1,798.54 19.13 17.44 36.57 1,761.97
77 November 2029 1,761.97 18.94 1,780.91 18.94 17.44 36.38 1,744.53
78 December 2029 1,744.53 18.75 1,763.29 18.75 17.44 36.19 1,727.09
79 January 2030 1,727.09 18.57 1,745.66 18.57 17.44 36.01 1,709.65
80 February 2030 1,709.65 18.38 1,728.03 18.38 17.44 35.82 1,692.21
81 March 2030 1,692.21 18.19 1,710.40 18.19 17.44 35.63 1,674.77
- 230.67 230.67 209.28
82 April 2030 1,674.77 18.00 1,692.78 18.00 17.44 35.44 1,657.33
83 May 2030 1,657.33 17.82 1,675.15 17.82 17.44 35.26 1,639.89
84 June 2030 1,639.89 17.63 1,657.52 17.63 17.44 35.07 1,622.45
85 July 2030 1,622.45 17.44 1,639.89 17.44 17.44 34.88 1,605.01
86 August 2030 1,605.01 17.25 1,622.27 17.25 17.44 34.69 1,587.57
87 Sept 2030 1,587.57 17.07 1,604.64 17.07 17.44 34.51 1,570.13
88 October 2030 1,570.13 16.88 1,587.01 16.88 17.44 34.32 1,552.69
89 November 2030 1,552.69 16.69 1,569.38 16.69 17.44 34.13 1,535.25
90 December 2030 1,535.25 16.50 1,551.76 16.50 17.44 33.94 1,517.81
91 January 2031 1,517.81 16.32 1,534.13 16.32 17.44 33.76 1,500.37
92 February 2031 1,500.37 16.13 1,516.50 16.13 17.44 33.57 1,482.93
93 March 2031 1,482.93 15.94 1,498.87 15.94 17.44 33.38 1,465.49
- 203.67 203.67 209.28
94 April 2031 1,465.49 15.75 1,481.25 15.75 17.44 33.19 1,448.05
95 May 2031 1,448.05 15.57 1,463.62 15.57 17.44 33.01 1,430.61
96 June 2031 1,430.61 15.38 1,445.99 15.38 17.44 32.82 1,413.17
97 July 2031 1,413.17 15.19 1,428.36 15.19 17.44 32.63 1,395.73
98 August 2031 1,395.73 15.00 1,410.74 15.00 17.44 32.44 1,378.29
99 Sept 2031 1,378.29 14.82 1,393.11 14.82 17.44 32.26 1,360.85
100 October 2031 1,360.85 14.63 1,375.48 14.63 17.44 32.07 1,343.41
101 November 2031 1,343.41 14.44 1,357.86 14.44 17.44 31.88 1,325.97
102 December 2031 1,325.97 14.25 1,340.23 14.25 17.44 31.69 1,308.53
103 January 2032 1,308.53 14.07 1,322.60 14.07 17.44 31.51 1,291.09
104 February 2032 1,291.09 13.88 1,304.97 13.88 17.44 31.32 1,273.65
105 March 2032 1,273.65 13.69 1,287.35 13.69 17.44 31.13 1,256.21
- 176.67 176.67 209.28
106 April 2032 1,256.21 13.50 1,269.72 13.50 17.44 30.94 1,238.77
107 May 2032 1,238.77 13.32 1,252.09 13.32 17.44 30.76 1,221.33
108 June 2032 1,221.33 13.13 1,234.46 13.13 17.44 30.57 1,203.89
109 July 2032 1,203.89 12.94 1,216.84 12.94 17.44 30.38 1,186.45
110 August 2032 1,186.45 12.75 1,199.21 12.75 17.44 30.19 1,169.01
111 Sept 2032 1,169.01 12.57 1,181.58 12.57 17.44 30.01 1,151.57
112 October 2032 1,151.57 12.38 1,163.95 12.38 17.44 29.82 1,134.13
113 November 2032 1,134.13 12.19 1,146.33 12.19 17.44 29.63 1,116.69
114 December 2032 1,116.69 12.00 1,128.70 12.00 17.44 29.44 1,099.25
115 January 2033 1,099.25 11.82 1,111.07 11.82 17.44 29.26 1,081.81
116 February 2033 1,081.81 11.63 1,093.44 11.63 17.44 29.07 1,064.37
117 March 2033 1,064.37 11.44 1,075.82 11.44 17.44 28.88 1,046.93
- 149.68 149.68 209.28
118 April 2033 1,046.93 11.25 1,058.19 11.25 17.44 28.69 1,029.49
119 May 2033 1,029.49 11.07 1,040.56 11.07 17.44 28.51 1,012.05
120 June 2033 1,012.05 10.88 1,022.93 10.88 17.44 28.32 994.61
121 July 2033 994.61 10.69 1,005.31 10.69 17.44 28.13 977.17
122 August 2033 977.17 10.50 987.68 10.50 17.44 27.94 959.73
123 Sept 2033 959.73 10.32 970.05 10.32 17.44 27.76 942.29
124 October 2033 942.29 10.13 952.42 10.13 17.44 27.57 924.85
125 November 2033 924.85 9.94 934.80 9.94 17.44 27.38 907.41
126 December 2033 907.41 9.75 917.17 9.75 17.44 27.19 889.97
127 January 2034 889.97 9.57 899.54 9.57 17.44 27.01 872.53
128 February 2034 872.53 9.38 881.91 9.38 17.44 26.82 855.09
129 March 2034 855.09 9.19 864.29 9.19 17.44 26.63 837.65
- 122.68 122.68 209.28
130 April 2034 837.65 9.00 846.66 9.00 17.44 26.44 820.21
131 May 2034 820.21 8.82 829.03 8.82 17.44 26.26 802.77
132 June 2034 802.77 8.63 811.40 8.63 17.44 26.07 785.33
133 July 2034 785.33 8.44 793.78 8.44 17.44 25.88 767.89
134 August 2034 767.89 8.25 776.15 8.25 17.44 25.69 750.45
135 Sept 2034 750.45 8.07 758.52 8.07 17.44 25.51 733.01
136 October 2034 733.01 7.88 740.89 7.88 17.44 25.32 715.57
137 November 2034 715.57 7.69 723.27 7.69 17.44 25.13 698.13
138 December 2034 698.13 7.50 705.64 7.50 17.44 24.94 680.69
139 January 2035 680.69 7.32 688.01 7.32 17.44 24.76 663.25
140 February 2035 663.25 7.13 670.38 7.13 17.44 24.57 645.81
141 March 2035 645.81 6.94 652.76 6.94 17.44 24.38 628.37
- 95.68 95.68 209.28
142 April 2035 628.37 6.76 635.13 6.76 17.44 24.20 610.93
143 May 2035 610.93 6.57 617.50 6.57 17.44 24.01 593.49
144 June 2035 593.49 6.38 599.87 6.38 17.44 23.82 576.05
145 July 2035 576.05 6.19 582.25 6.19 17.44 23.63 558.61
146 August 2035 558.61 6.01 564.62 6.01 17.44 23.45 541.17
147 Sept 2035 541.17 5.82 546.99 5.82 17.44 23.26 523.73
148 October 2035 523.73 5.63 529.36 5.63 17.44 23.07 506.29
149 November 2035 506.29 5.44 511.74 5.44 17.44 22.88 488.85
150 December 2035 488.85 5.26 494.11 5.26 17.44 22.70 471.41
151 January 2036 471.41 5.07 476.48 5.07 17.44 22.51 453.97
152 February 2036 453.97 4.88 458.85 4.88 17.44 22.32 436.53
153 March 2036 436.53 4.69 441.23 4.69 17.44 22.13 419.09
- 68.69 68.69 209.28
154 April 2036 419.09 4.51 423.60 4.51 17.44 21.95 401.65
155 May 2036 401.65 4.32 405.97 4.32 17.44 21.76 384.21
156 June 2036 384.21 4.13 388.34 4.13 17.44 21.57 366.77
157 July 2036 366.77 3.94 370.72 3.94 17.44 21.38 349.33
158 August 2036 349.33 3.76 353.09 3.76 17.44 21.20 331.89
159 Sept 2036 331.89 3.57 335.46 3.57 17.44 21.01 314.45
160 October 2036 314.45 3.38 317.83 3.38 17.44 20.82 297.01
161 November 2036 297.01 3.19 300.21 3.19 17.44 20.63 279.57
162 December 2036 279.57 3.01 282.58 3.01 17.44 20.45 262.13
163 January 2037 262.13 2.82 264.95 2.82 17.44 20.26 244.69
164 February 2037 244.69 2.63 247.32 2.63 17.44 20.07 227.25
165 March 2037 227.25 2.44 229.70 2.44 17.44 19.88 209.81
- 41.69 41.69 209.28
166 April 2037 209.81 2.26 212.07 2.26 17.44 19.70 192.37
167 May 2037 192.37 2.07 194.44 2.07 17.44 19.51 174.93
168 June 2037 174.93 1.88 176.81 1.88 17.44 19.32 157.49
169 July 2037 157.49 1.69 159.19 1.69 17.44 19.13 140.05
170 August 2037 140.05 1.51 141.56 1.51 17.44 18.95 122.61
171 Sept 2037 122.61 1.32 123.93 1.32 17.44 18.76 105.17
172 October 2037 105.17 1.13 106.30 1.13 17.44 18.57 87.73
173 November 2037 87.73 0.94 88.68 0.94 17.44 18.38 70.29
174 December 2037 70.29 0.76 71.05 0.76 17.44 18.20 52.85
175 January 2038 52.85 0.57 53.42 0.57 17.44 18.01 35.41
176 February 2038 35.41 0.38 35.79 0.38 17.44 17.82 17.97
177 March 2038 17.97 0.19 18.17 0.19 17.44 17.63 0.53
- 14.69 14.69 209.28
418.85
 12
1.98
13.98

12.43
144
 9
153
 ANNEXURE -VI

CALCULATION OF TAX

PARTICULARS 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year 11th Year 12th Year 13th Year 14th Year 15th Year

Profit - 60.93 77.65 16.37 63.16 151.79 177.54 227.31 325.18 350.75 403.94 512.44 601.87 678.17 798.90

Income tax - 15.84 20.19 4.26 16.42 39.46 46.16 59.10 84.55 91.19 105.02 133.24 156.49 176.32 207.72
 ANNEXURE -VIII

CALCULATION OF DEPRECIATION
AS PER COMPANIES ACT(SLM)

Building PHE Plant & Misc.Fixed Asset Electrical Total

Work Machinery
Rate of Dep. 1.58% 1.58% 6.33% 6.33% 9.50%
1st Year Opening 1,111.39
Addition 2,236.30 106.56 - 2,342.86
Total 3,347.69 106.56 - - - 3,454.25
Less:Dep. -
2nd Year Opening 3,347.69 106.56 - - - 3,454.25
Addition 158.38 763.93 258.59 392.03 1,572.92
T0tal 3,347.69 264.94 763.93 258.59 392.03 5,027.18
Less:Dep. 13.22 1.05 12.09 4.09 9.31 39.76
3rd Year Opening 3,334.47 263.89 751.84 254.50 382.72 4,987.42
Addition -
T0tal 3,334.47 263.89 751.84 254.50 382.72 4,987.42
Less:Dep. 52.68 4.17 47.59 16.11 36.36 156.91
4th Year Opening 3,281.79 259.72 704.25 238.39 346.36 4,830.50
Addition - - -
T0tal 3,281.79 259.72 704.25 238.39 346.36 4,830.50
Less:Dep. 52.68 4.17 47.59 16.11 36.36 156.91
5th Year Opening 3,229.10 255.55 656.66 222.28 310.00 4,673.59
Addition -
T0tal 3,229.10 255.55 656.66 222.28 310.00 4,673.59
Less:Dep. 52.68 4.17 47.59 16.11 36.36 156.91
6th Year Opening 3,176.42 251.38 609.07 206.17 273.64 4,516.68
Addition -
T0tal 3,176.42 251.38 609.07 206.17 273.64 4,516.68
Less:Dep. 52.68 4.17 47.59 16.11 36.36 156.91
7th Year Opening 3,123.73 247.22 561.47 190.06 237.28 4,359.76
Addition -
T0tal 3,123.73 247.22 561.47 190.06 237.28 4,359.76
Less:Dep. 52.68 4.17 47.59 16.11 36.36 156.91
8th Year Opening 3,071.05 243.05 513.88 173.95 200.93 4,202.85
Addition -
T0tal 3,071.05 243.05 513.88 173.95 200.93 4,202.85
Less:Dep. 52.68 4.17 47.59 16.11 36.36 156.91
9th Year Opening 3,018.36 238.88 466.29 157.84 164.57 4,045.94
Addition -
T0tal 3,018.36 238.88 466.29 157.84 164.57 4,045.94
Less:Dep. 52.68 4.17 47.59 16.11 36.36 156.91
10th Year Opening 2,965.68 234.71 418.70 141.73 128.21 3,889.02
Addition -
T0tal 2,965.68 234.71 418.70 141.73 128.21 3,889.02
Less:Dep. 52.68 4.17 47.59 16.11 36.36 156.91
11th Year Opening 2,912.99 230.54 371.11 125.62 91.85 3,732.11
Addition -
T0tal 2,912.99 230.54 371.11 125.62 91.85 3,732.11
Less:Dep. 52.68 4.17 47.59 16.11 36.36 156.91
12th Year Opening 2,860.31 226.37 323.52 109.51 55.49 3,575.20
Addition -
T0tal 2,860.31 226.37 323.52 109.51 55.49 3,575.20
Less:Dep. 52.68 4.17 47.59 16.11 36.36 156.91
13th Year Opening 2,807.62 222.20 275.93 93.40 19.14 3,418.28
Addition -
T0tal 2,807.62 222.20 275.93 93.40 19.14 3,418.28
Less:Dep. 52.68 4.17 47.59 16.11 19.14 139.69
14th Year Opening 2,754.94 218.03 228.33 77.29 - 3,278.59
Addition -
T0tal 2,754.94 218.03 228.33 77.29 - 3,278.59
Less:Dep. 52.68 4.17 47.59 16.11 - 120.56
15th Year Opening 2,702.26 213.86 180.74 61.18 - 3,158.04
Addition -
T0tal 2,702.26 213.86 180.74 61.18 - 3,158.04
Less:Dep. 52.68 4.17 47.59 16.11 - 120.56
Opening 2,649.57 209.69 133.15 45.07 - 3,037.48
2,236.30

5,027.17
(0.00)
 ANNEXURE-IX

CALCULATION OF BREAK EVEN POINT

PARTICULARS 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year 11th Year 12th Year 13th Year 14th Year
A VARIABLE COST
Utility (Power & Fuel) - 3.55 7.10 7.46 7.83 8.22 8.63 9.06 9.51 9.99 10.49 11.01 11.57 12.14
Direct Labour & Wages(50%) - 2.46 4.92 5.17 5.42 5.70 5.98 6.28 6.59 6.92 7.27 7.63 8.01 8.41
Repair & Maintenance - 3.09 6.19 6.31 6.44 6.56 6.70 6.83 6.97 7.11 7.25 7.39 7.54 7.69

TOTAL - 9.10 18.21 18.93 19.69 20.48 21.31 22.17 23.07 24.02 25.01 26.04 27.12 28.25

B FIXED COST
Interest on TL - - 251.46 311.66 284.66 257.67 230.67 203.67 176.67 149.68 122.68 95.68 68.69 41.69
Depreciation - 39.76 156.91 156.91 156.91 156.91 156.91 156.91 156.91 156.91 156.91 156.91 139.69 120.56
Direct Labour & Wages(50%) - 2.46 4.92 5.17 5.42 5.70 5.98 6.28 6.59 6.92 7.27 7.63 8.01 8.41
W/off Pre-Operative exp - - 46.89 46.89 46.89 46.89 46.89 46.89 46.89 46.89 46.89 46.89 0.04 -

TOTAL - 42.22 460.19 520.63 493.89 467.17 440.46 413.76 387.07 360.41 333.76 307.12 216.43 170.66

C SURPLUS
By Net Sales Realisation - 113.42 558.38 558.38 579.32 642.13 642.13 666.21 738.45 738.45 766.14 849.22 849.22 881.07
Less: Variable Cost - 9.10 18.21 18.93 19.69 20.48 21.31 22.17 23.07 24.02 25.01 26.04 27.12 28.25
CONTRIBUTION - 104.32 540.17 539.45 559.63 621.65 620.83 644.04 715.38 714.43 741.14 823.18 822.10 852.82

BEP FC X 100 FC X 100 FC X 100 FC X 100 FC X 100 FC X 100 FC X 100 FC X 100 FC X 100 FC X 100 FC X 100 FC X 100 FC X 100 FC X 100
Contribution Contribution Contribution Contribution Contribution Contribution Contribution Contribution Contribution Contribution Contribution Contribution Contribution Contribution

#DIV/0! 40.47 85.19 96.51 88.25 75.15 70.95 64.24 54.11 50.45 45.03 37.31 26.33 20.01

BEP Sales #DIV/0! 45.91 475.70 538.90 511.27 482.56 455.57 428.00 399.56 372.52 345.02 316.84 223.57 176.31

Margin of Safty #DIV/0! 67.51 82.68 19.47 68.05 159.57 186.56 238.21 338.89 365.93 421.13 532.38 625.65 704.75

Margin of Safty in % #DIV/0! 59.53 14.81 3.49 11.75 24.85 29.05 35.76 45.89 49.55 54.97 62.69 73.67 79.99

Margin of Safty Ratio #DIV/0! 0.60 0.15 0.03 0.12 0.25 0.29 0.36 0.46 0.50 0.55 0.63 0.74 0.80
 ANNEXURE-X

PROJECTED PROFITABILITY STATEMENT

Construction Period
Sl.No. Particulars 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year 11th Year 12th Year 13th Year 14th Year
2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33 2033-34 2034-35 2035-36 2036-37
A. From Rental Revenue 174.49 697.97 697.97 724.14 802.67 802.67 832.77 923.07 923.07 957.68 1,061.53 1,061.53 1,101.33
occupancy 65 80 80 80 80 80 80 80 80 80 80 80 80
113.42 558.38 558.38 579.32 642.13 642.13 666.21 738.45 738.45 766.14 849.22 849.22 881.07
TOTAL - 113.42 558.38 558.38 579.32 642.13 642.13 666.21 738.45 738.45 766.14 849.22 849.22 881.07

B. Cost Of Expenditure
Power & Fuel 3.55 7.10 7.46 7.83 8.22 8.63 9.06 9.51 9.99 10.49 11.01 11.57 12.14
Direct Salary & Wages 4.92 9.84 10.33 10.85 11.39 11.96 12.56 13.19 13.85 14.54 15.27 16.03 16.83
Repair & Maintenance 3.09 6.19 6.31 6.44 6.56 6.70 6.83 6.97 7.11 7.25 7.39 7.54 7.69
Administration Expenses 1.17 2.33 2.45 2.57 2.70 2.83 2.97 3.12 3.28 3.44 3.61 3.80 3.99

TOTAL - 12.73 25.46 26.54 27.68 28.87 30.12 31.42 32.79 34.22 35.72 37.29 38.93 40.65

C. GROSS PROFIT - 100.69 532.92 531.83 551.63 613.26 612.01 634.79 705.66 704.23 730.43 811.93 810.29 840.42

D. Interest On Term Loan - 251.46 311.66 284.66 257.67 230.67 203.67 176.67 149.68 122.68 95.68 68.69 41.69
Depreciation(SLM) 39.76 156.91 156.91 156.91 156.91 156.91 156.91 156.91 156.91 156.91 156.91 139.69 120.56
W/off Pre-Operative & Contingency exp. - 46.89 46.89 46.89 46.89 46.89 46.89 46.89 46.89 46.89 46.89 0.04

TOTAL (D) - 39.76 455.27 515.47 488.47 461.47 434.48 407.48 380.48 353.48 326.49 299.49 208.42 162.24
E. PROFIT BEFORE TAX - 60.93 77.65 16.37 63.16 151.79 177.54 227.31 325.18 350.75 403.94 512.44 601.87 678.17
F. INCOME TAX PROVISION - 15.84 20.19 4.26 16.42 39.46 46.16 59.10 84.55 91.19 105.02 133.24 156.49 176.32
G. NET PROFIT AFTER TAX - 45.09 57.46 12.11 46.74 112.32 131.38 168.21 240.63 259.55 298.91 379.21 445.39 501.85

H. NET CASH ACCUALS(Profit +Dep.+W.off) - 84.85 261.27 215.92 250.55 316.13 335.18 372.02 444.44 463.36 502.72 583.01 585.12 622.40

I REPAYMENT OBLIGATION
Term Loan Repayment - 156.96 156.96 156.96 156.96 156.96 156.96 156.96 156.96 156.96 156.96 156.96 156.96

PBDITA - 100.69 532.92 531.83 551.63 613.26 612.01 634.79 705.66 704.23 730.43 811.93 810.29 840.42
0
15th Year
2037-38
1,220.75
80
976.60
976.60

12.75
17.67
7.84
4.18

42.45

934.15

14.69
120.56

135.25
798.90
207.72
591.19

711.74

156.96

934.15
 ANNEXURE-XI

CASH FLOW STATEMENT

Construction Period
23-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 3032-33 3033-34 3034-35 3035-36 3036-37 3037-38
Sl.No. Particulars Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year 11th Year 12th Year 13th Year 14th Year 15th Year

A. SOURCES OF FUNDS
i. Profit - 45.09 57.46 12.11 46.74 112.32 131.38 168.21 240.63 259.55 298.91 379.21 445.39 501.85 591.19
ii. Increase in Share Capital 550.00 250.00
iii. Increase in Term Loan 1,517.25 731.51 84.25
Interest on Costruction Period 61.38 274.46
Increase in unsecured loan 312.85 911.03 403.37
iv. Increase In Current Liabities 287.88 - 365.28
v. Depreciation 39.76 156.91 156.91 156.91 156.91 156.91 156.91 156.91 156.91 156.91 156.91 139.69 120.56 120.56
vi. Pre-Operative & Conti.exp W/off - 46.89 46.89 46.89 46.89 46.89 46.89 46.89 46.89 46.89 46.89 0.04 - -

2,729.36 1,886.58 748.89 215.92 250.55 316.13 335.18 372.02 444.44 463.36 502.72 583.01 585.12 622.40 711.74

B. DISPOSITION OF FUNDS
Increase in Capial Exp.(FA) 2,342.86 1,572.92
Contingency & Pre-Operative Exp. 121.78 234.77 112.08
Decrease in Term Loan 156.96 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28
Decrease In Current Liabities
Increase in Advances 213.90 - 682.72

2,678.54 1,124.97 269.04 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28
C. OPENING BALANCE 50.82 812.43 1,292.28 1,298.91 1,340.18 1,447.03 1,572.94 1,735.67 1,970.83 2,224.91 2,518.35 2,892.09 3,267.93 3,681.05
D SURPLUS(A-B) 50.82 761.60 479.85 6.64 41.27 106.85 125.90 162.74 235.16 254.08 293.44 373.73 375.84 413.12 502.46
E CLOSING BALANCE 50.82 812.43 1,292.28 1,298.91 1,340.18 1,447.03 1,572.94 1,735.67 1,970.83 2,224.91 2,518.35 2,892.09 3,267.93 3,681.05 4,183.51
 ANNEXURE-XI
PROJECTED BALANCE SHEET
Const. Period
1st year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year 11th Year 12th Year 13th Year 14th Year 15th Year
Sl.No. Particulars 23-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 3032-33 3033-34 3034-35 3035-36 3036-37 3037-38
A. LIABILITIES

1 Equity Shares's Capital 950.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
2 Reserve & Surplus 45.09 102.55 114.66 161.40 273.73 405.11 573.31 813.95 1,073.50 1,372.42 1,751.63 2,197.01 2,698.86 3,290.05
3 Term Loan From Bank 1,517.25 2,248.76 2,270.68 2,093.33 1,884.05 1,674.77 1,465.49 1,256.21 1,046.93 837.65 628.37 419.09 209.81 -
TERM LOAN(Interest Capitalized) 61.38 335.84 84.25
4 Unsecured loan (Non refunda.) 1,416.01 2,327.04 2,730.41 2,730.41 2,730.41 2,730.41 2,730.41 2,730.41 2,730.41 2,730.41 2,730.41 2,730.41 2,730.41 2,730.41 2,730.41
5 Istallment due with in a year 156.96 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28
6 Current Liabilities 365.28 - - - - - - - - - - - - -

TOTAL 4,309.92 6,156.73 6,544.86 6,347.69 6,185.15 6,088.19 6,010.29 5,969.22 6,000.58 6,050.85 6,140.49 6,310.41 6,546.52 6,838.55 7,220.46

B. ASSETS:

1 Fixed Assets 3,454.25 4,987.42 4,830.50 4,673.59 4,516.68 4,359.76 4,202.85 4,045.94 3,889.02 3,732.11 3,575.20 3,418.28 3,278.59 3,158.04 3,037.48
2 Investment
3 Cash & Bank Balance 50.82 812.43 1,292.28 1,298.91 1,340.18 1,447.03 1,572.94 1,735.67 1,970.83 2,224.91 2,518.35 2,892.09 3,267.93 3,681.05 4,183.51
4 Pre-Operative,Contingency exp 122.12 356.89 422.08 375.18 328.29 281.40 234.50 187.61 140.72 93.83 46.93 0.04 - 0.00 - 0.00 - 0.00
and Intt.on Const.period)
5 Advance 682.72

TOTAL 4,309.92 6,156.73 6,544.86 6,347.69 6,185.15 6,088.19 6,010.29 5,969.22 6,000.58 6,050.85 6,140.48 6,310.41 6,546.52 6,839.09 7,221.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.53 - 0.53
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.53 - 0.53
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.53 - 0.53
TNW 2,445.09 2,502.55 2,514.66 2,561.40 2,673.73 2,805.11 2,973.31 3,213.95 3,473.50 3,772.42 4,151.63 4,597.01 5,098.86 5,690.05
TOL 2,608.48 2,535.78 2,326.49 2,117.21 1,907.93 1,698.65 1,489.37 1,280.09 1,070.81 861.53 652.25 442.97 233.16 23.88
TOL/TNW 1.0668247 1.0132766 0.9251715 0.8265833 0.7135858 0.6055578 0.5009134 0.398293 0.30828059 0.22837701 0.15710794 0.09636115 0.04572788 0.0041968

CA 1,169.32 1,714.35 1,674.10 1,668.47 1,728.43 1,807.44 1,923.28 2,111.55 2,318.74 2,565.29 2,892.13 3,267.93 3,681.05 4,183.51
CL 151.64 151.64 151.64 151.64 151.64 151.64 151.64 151.64 151.64 151.64 151.64 151.64 151.64 151.64

CA/CL 7.71 11.31 11.04 11.00 11.40 11.92 12.68 13.92 15.29 16.92 19.07 21.55 24.27 27.59

NWC 1,017.68 1,562.71 1,522.46 1,516.83 1,576.79 1,655.80 1,771.64 1,959.91 2,167.10 2,413.65 2,740.49 3,116.29 3,529.41 4,031.87
 1398
103.59
 ANNEXURE-XI
DEBT SERVICE COVER RATIO

Sl.No. Particulars Construct FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29 FY 29-30 FY 30-31 FY 31-32 FY 32-33

A Net Profit - 45.09 57.46 12.11 46.74 112.32 131.38 168.21 240.63 259.55

Depreciation - 39.76 156.91 156.91 156.91 156.91 156.91 156.91 156.91 156.91

Pre-Operative & Conti.ex - - 46.89 46.89 46.89 46.89 46.89 46.89 46.89 46.89

Interest on Term Loan - - 251.46 311.66 284.66 257.67 230.67 203.67 176.67 149.68

TOTAL - 84.85 512.73 527.58 535.21 573.80 565.85 575.69 621.12 613.04

A Interest on Term Loan - - 251.46 311.66 284.66 257.67 230.67 203.67 176.67 149.68

Repayment of Term Loan - - 209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28

TOTAL - - 460.74 520.94 493.94 466.95 439.95 412.95 385.95 358.96

DSCR - #DIV/0! 1.11 1.01 1.08 1.23 1.29 1.39 1.61 1.71

AVG DSCR 1.69

FY 33-34 FY 34-35 FY 35-36 FY 36-37 FY 37-38

298.91 379.21 445.39 501.85 557.37

156.91 156.91 139.69 120.56 108.75

46.89 46.89 0.04 -

122.68 95.68 68.69 41.69 10.6

625.40 678.70 653.80 664.09 676.72

122.68 95.68 68.69 41.69 10.6

209.28 209.28 209.28 209.28 151.64

331.96 304.96 277.97 250.97 162.24

1.88 2.23 2.35 2.65 4.17

 Construction Year
Particulars 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year 11th Year 12th Year 13th Year 14th Year 15th Year
Sales /Rent - 174.49 697.97 697.97 724.14 802.67 802.67 832.77 923.07 923.07 957.68 1,061.53 1,061.53 1,101.33 1,220.75
Other Income
Operating Profit before intt - 60.93 329.11 328.03 347.83 409.45 408.21 430.98 501.86 500.43 526.62 608.13 670.56 719.86 813.60
Profit Before Tax - 60.93 77.65 16.37 63.16 151.79 177.54 227.31 325.18 350.75 403.94 512.44 601.87 678.17 798.90
Profit After Tax - 45.09 57.46 12.11 46.74 112.32 131.38 168.21 240.63 259.55 298.91 379.21 445.39 501.85 591.19
Cash Profit - 84.85 261.27 215.92 250.55 316.13 335.18 372.02 444.44 463.36 502.72 583.01 585.12 622.40 711.74
Paid up Capital 950.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
Reserves and Surplus - 45.09 102.55 114.66 161.40 273.73 405.11 573.31 813.95 1,073.50 1,372.42 1,751.63 2,197.01 2,698.86 3,290.05
Drawing
Tangible Net worth 827.88 888.20 880.47 939.48 1,033.11 1,192.33 1,370.60 1,585.70 1,873.23 2,179.68 2,525.48 2,951.59 3,397.01 3,898.86 4,490.05
Debt Equity Ratio 3.15 3.94 3.90 3.67 3.39 2.99 2.61 2.25 1.88 1.57 1.31 1.07 0.87 0.70 0.61
TOL/TNW 3.09 3.68 3.84 3.67 3.39 2.99 2.61 2.25 1.88 1.57 1.31 1.07 0.87 0.70 0.61
 ASSESSMENT OF WORKING CAPITAL REQUIREMENT

FORM II : OPERATING STATEMENT

--------------------------------------------------------
Sheet 1
AMOUNT IN RS : LAC

As per profit and loss account actuals/

NAME OF THE UNIT estimates for the year ending 31st March
RAGHIB CONSTRUCTION 2024 2025 2026 2027 2028 2029 2030 2031 2032
PRIVATE LIMITED PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJ
1 GROSS SALES 1 2 3 4 5 6 7 8 9
i. Domestic Sales 0.00 174.49 697.97 697.97 724.14 802.67 802.67 832.77 923.07
ii. Export
Other - Milling Income

Total 0.00 174.49 697.97 697.97 724.14 802.67 802.67 832.77 923.07
2 Less excise duty 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deduct other items
3 Net sales ( item 1 - item 2 ) 0.00 174.49 697.97 697.97 724.14 802.67 802.67 832.77 923.07
4 % age rise (+) or fall (-) in net
sales compared to previous
year (annualised)
5 Cost of Sales
i.) Raw materials (including 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
stores and other items used
in the process of manufacture)
(a) imported
(b) Indigenous 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ii) Other spares 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(a) Imported 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(b) Indigenous 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
 iii) Power and fuel 0.00 3.55 7.10 7.46 7.83 8.22 8.63 9.06 9.51
iv) Direct labour 0.00 4.92 9.84 10.33 10.85 11.39 11.96 12.56 13.19
(Factory wages & salary)
v) Other Exp. 0.00 3.09 6.19 6.31 6.44 6.56 6.70 6.83 6.97
vi) Depreciation 0.00 39.76 156.91 156.91 156.91 156.91 156.91 156.91 156.91
vii) SUB TOTAL (I TO VI) 0.00 51.32 180.04 181.01 182.03 183.09 184.20 185.36 186.58
viii) ADD: Opening stocks-in-
Process 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sub-total 0.00 51.32 180.04 181.01 182.03 183.09 184.20 185.36 186.58

Form II : Sheet 2
RAGHIB CONSTRUCTION 2024 2025 2026 2027 2028 2029 2030 2031 2032
PRIVATE LIMITED PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJ
ix) Deduct : Closing stocks-in-
process 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
x) Cost of Production 0.00 51.32 180.04 181.01 182.03 183.09 184.20 185.36 186.58
xi) Add : Opening stock of
finished goods 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
SUB-TOTAL 0.00 51.32 180.04 181.01 182.03 183.09 184.20 185.36 186.58
xii) Deduct closing stock of
finished goods 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
xiii) SUB-TOTAL ( Total cost 0.00 51.32 180.04 181.01 182.03 183.09 184.20 185.36 186.58
of sales)
6 Selling general and administrtive
expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 SUB-TOTAL (5+6) 0.00 51.32 180.04 181.01 182.03 183.09 184.20 185.36 186.58
8 Operating profit before interest 0.00 123.17 517.93 516.96 542.12 619.58 618.47 647.40 736.48
( 3-7 )
9 Interest 0.00 0.00 251.46 311.66 284.66 257.67 230.67 203.67 176.67
10 Operating profit after interest 0.00 123.17 266.47 205.30 257.46 361.91 387.80 443.73 559.81
( 8-9 )
11 (i) Add other non-operating income
 (a) Share trading profit
(b) interest/diecound recvd. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(c )Short term Capital Gain.
(d) Others
Sub-total ( income ) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(ii) Deduct other non-operating expenses
(a)P&P expense inncluding 0.00 0.00 46.89 46.89 46.89 46.89 46.89 46.89 46.89
all book entries written off
(b)
(c )
(d)
Sub-total ( expenses ) 0.00 0.00 46.89 46.89 46.89 46.89 46.89 46.89 46.89
(iii) Net of other non-operating 0.00 0.00 -46.89 -46.89 -46.89 -46.89 -46.89 -46.89 -46.89
income/expenses
12 Profit before tax/loss[10+11(iii)] 0.00 123.17 219.58 158.41 210.56 315.02 340.90 396.84 512.92
13 Provision for taxes 0.00 15.84 20.19 4.26 16.42 39.46 46.16 59.10 84.55
14 Net profit/loss ( 12-13 ) 0.00 107.33 199.39 154.15 194.14 275.55 294.74 337.74 428.37
15 (a) Equity dividend paid-amt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(Already paid+ B.S. provision)
(b) Dividend Rate 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
16 Retained profit ( 14-15 ) 0.00 107.33 199.39 154.15 194.14 275.55 294.74 337.74 428.37
17 Retained profit/Net profit (% age) #DIV/0! 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
2033 2034 2035 2036 2037 2038
PROJ PROJ PROJ PROJ PROJ PROJ
10 11 12 13 14 14
923.07 957.68 1061.53 1061.53 1101.33 1220.75

923.07 957.68 1061.53 1061.53 1101.33 1220.75

0.00 0.00 0.00 0.00 0.00 0.00

923.07 957.68 1061.53 1061.53 1101.33 1220.75

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
 9.99 10.49 11.01 11.57 12.14 12.75
13.85 14.54 15.27 16.03 16.83 17.67

7.11 7.25 7.39 7.54 7.69 7.84

156.91 156.91 156.91 139.69 120.56 120.56
187.86 189.19 190.59 174.82 157.22 158.82

0.00 0.00 0.00 0.00 0.00 0.00

187.86 189.19 190.59 174.82 157.22 158.82

2033 2034 2035 2036 2037 2038

PROJ PROJ PROJ PROJ PROJ PROJ

0.00 0.00 0.00 0.00 0.00 0.00

187.86 189.19 190.59 174.82 157.22 158.82

0.00 0.00 0.00 0.00 0.00 0.00

187.86 189.19 190.59 174.82 157.22 158.82

0.00 0.00 0.00 0.00 0.00 0.00

187.86 189.19 190.59 174.82 157.22 158.82

0.00 0.00 0.00 0.00 0.00 0.00

187.86 189.19 190.59 174.82 157.22 158.82
735.21 768.49 870.94 886.70 944.11 1061.93

149.68 122.68 95.68 68.69 41.69 14.69

585.53 645.81 775.26 818.01 902.42 1047.24
 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

46.89 46.89 46.89 0.04 0.00 0.00

46.89 46.89 46.89 0.04 0.00 0.00

-46.89 -46.89 -46.89 -0.04 0.00 0.00

538.64 598.92 728.36 817.97 902.42 1047.24

91.19 105.02 133.24 156.49 176.32 207.72
447.45 493.89 595.13 661.49 726.10 839.52
0.00 0.00 0.00 0.00 0.00 0.00

0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

447.45 493.89 595.13 661.49 726.10 839.52
100.00 100.00 100.00 100.00 100.00 100.00

0.00
 (Rs. In Lacs)
DE Ratio
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038
1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year 11th Year 12th Year 13th Year 14th Year 15th Year
Construction Period
Long term debt 2,994.64 4,911.65 5,085.35 4,823.75 4,614.47 4,405.19 4,195.91 3,986.63 3,777.35 3,568.07 3,358.79 3,149.51 2,940.23 2,730.41 2,730.41

equity 950.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
Reserve & surplus - 45.09 102.55 114.66 161.40 273.73 405.11 573.31 813.95 1,073.50 1,372.42 1,751.63 2,197.01 2,698.86 3,290.05
DE Ratio 3.15 3.94 3.90 3.67 3.39 2.99 2.61 2.25 1.88 1.57 1.31 1.07 0.87 0.70 0.61

Interest coverage ratio

2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038
Construction Period
1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year 11th Year 12th Year 13th Year 13th Year 14th Year
PBDITA - 100.69 532.92 531.83 551.63 613.26 612.01 634.79 705.66 704.23 730.43 811.93 810.29 840.42 934.15

INTT - - 251.46 311.66 284.66 257.67 230.67 203.67 176.67 149.68 122.68 95.68 68.69 41.69 14.69

ICR #DIV/0! 2.12 1.71 1.94 2.38 2.65 3.12 3.99 4.70 5.95 8.49 11.80 20.16 63.58
 Sensitivity analaysis

2024 2025 2026 2027 2028 2029 2030

Construction Period
1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year
Rent Receipt - 174.49 697.97 697.97 724.14 802.67 802.67
98% SALES 684.01 684.01 709.66 786.61 786.61
PAT - 45.09 57.46 12.11 46.74 112.32 131.38
DEP - 39.76 156.91 156.91 156.91 156.91 156.91
Interest on Term Loan - - 251.46 311.66 284.66 257.67 230.67
Pre. Exp. Written off. - - 46.89 46.89 46.89 46.89 46.89

512.73 527.58 535.21 573.80 565.85

Installment of TL - - 156.96 209.28 209.28 209.28 209.28

Interest on Term Loan - - 251.46 311.66 284.66 257.67 230.67
TOTAL 408.42 520.94 493.94 466.95 439.95

DSCR 1.26 1.01 1.08 1.23 1.29

 2031 2032 2033 2034 2035 2036 2037 2038

8th Year 9th Year 10th Year 11th Year 12th Year 13th Year
832.77 923.07 923.07 957.68 1,061.53 1,061.53 1,101.33 1,220.75
816.11 904.60 904.60 938.53 1,040.29 1,040.29 1,079.31 1,196.34
168.21 240.63 259.55 298.91 379.21 445.39 501.85 591.19
156.91 156.91 156.91 156.91 156.91 139.69 120.56 120.56
203.67 176.67 149.68 122.68 95.68 68.69 41.69 14.69
46.89 46.89 46.89 46.89 46.89 0.04 - -

575.69 621.12 613.04 625.40 678.70 653.80 664.09 726.44

209.28 209.28 209.28 209.28 209.28 209.28 209.28 209.28

203.67 176.67 149.68 122.68 95.68 68.69 41.69 14.69
412.95 385.95 358.96 331.96 304.96 277.97 250.97 223.97

1.39 1.61 1.71 1.88 2.23 2.35 2.65 3.24

IRR Ratio
 YEAR TOTAL MONTH ACTUAL
RENT RENT
1 2024-25 697.97 3 174.49 174.49
2 2025-26 697.97 12 697.97 697.97
3 2026-27 697.97 12 697.97 697.97
4 2027-28 697.97 9 523.48
2027-28 802.67 3 200.67 724.14
5 2028-29 802.67 12 802.67 802.67
6 2029-30 802.67 12 802.67 802.67
7 2030-31 802.67 9 602.00
923.07 3 230.77 832.77
8 2031-32 923.07 12 923.07 923.07
9 2032-33 923.07 12 923.07 923.07
10 2033-34 923.07 9 692.30
2033-34 1,061.53 3 265.38 957.68
11 2034-35 1,061.53 12 1,061.53 1,061.53
12 2035-36 1,061.53 12 1,061.53 1,061.53
13 2036-37 1,061.53 9 796.14
2036-37 1,220.75 3 305.19 1,101.33
14 2037-38 1,220.75 12 1,220.75 1,220.75
15 2038-39 1,220.75 12 1,220.75 1,220.75