auto brick business plan (financial plan)
DESCRIPTION
100 k production capacity of Auto Brick Factory Business Plan. Detailed Financial PlanTRANSCRIPT
Page 1 of 39
Annexure: C.IANNEXURE - C.I
Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year Reference
Capacity Utilization 95% 97% 98% 98% 98% 98% 98% 98% 98% 97%
Sales Revenue 185,538 197,421 199,920 199,920 199,920 199,920 199,920 199,920 199,920 197,880 Annexure-IV
Gross Profit 84,367 82,258 81,705 80,543 79,471 78,291 76,994 75,567 73,997 71,058 Annexure-III
Operating Profit 76,663 73,979 72,899 71,170 69,473 67,608 65,556 63,299 60,816 56,878 Annexure-III
Net Profit before Tax 37,858 40,322 44,428 47,968 51,537 54,931 58,135 58,472 55,921 51,958 Annexure-III
Net Profit after Tax 37,858 40,322 44,428 47,968 51,537 54,931 58,135 58,472 55,921 51,958 Annexure-III
Retained Earnings 37,858 40,322 44,428 47,968 51,537 54,931 58,135 58,472 55,921 51,958 Annexure-III
Gross Profit to Sales 45.47% 41.67% 40.87% 40.29% 39.75% 39.16% 38.51% 37.80% 37.01% 35.91% Annexure-III
Operating Profit to Sales 41.32% 37.47% 36.46% 35.60% 34.75% 33.82% 32.79% 31.66% 30.42% 28.74% Annexure-III
Net Profit to Sales (before Tax) 20.40% 20.42% 22.22% 23.99% 25.78% 27.48% 29.08% 29.25% 27.97% 26.26% Annexure-III
Net Profit to Sales (after Tax) 20.40% 20.42% 22.22% 23.99% 25.78% 27.48% 29.08% 29.25% 27.97% 26.26% Annexure-III
Investment-Service Coverage Ratio 1.08 1.11 1.18 1.25 1.32 1.41 1.52 15.78 15.05 14.18 Annexure-IX.B
Cost Per Brick 5.28 5.13 5.00 4.85 4.71 4.57 4.44 4.40 4.46 4.53
Weighted Average Cost Of Capital 4.13% Annexure-XIII
Financial Internal Rate Of Return (FIRR) 17.03% Annexure-XIV
Modified Internal Rate Of Return (MIRR) 17.08% Annexure-XV
Net Present Value (NPV) 578150.19 Annexure-XV
Break Even Sales 113157.11 118387.63 112168.50 Annexure-XVI
Break Even Capacity 58% 58% 55% Of Installed Capacity. Annexure-XVI
Pay-Back Period 6.47 Years Annexure-XVII
ESTIMATED FINANCIAL RESULTS
Page 2 of 39
ANNEXURE: C.IIANNEXURE - C.II
CAPITAL REQUIREMENT & PROPOSED MEANS OF FINANCEFIXED COST OF THE PROJECT (in 000)
Land And Land Development 130,000
Building and Civil Work 47,694
Machinery 209,576
Total Investment Req 387,270 Machinery Cost 209576 MEANS OF FINANCE a. Term
Against Total Estimated Cost of the Project Against Total Cost of Machinery & Equipment
Amount % Amount %
Long-term Loan 309816 80% 167661 80%
Bridge Financiang 0 0% 0 0%
Owner's Equity 77454 20% 41915 20%
Total 387270 100% 209576 100%
b. Working Capital
1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Bank's Finance:
Amount 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81
% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80%
Owners Equity 8922.10 9261.87 9522.46 9609.91 9706.11 9811.92 9928.30 10056.32 10197.14 10249.45
Page 3 of 39
ANNEXURE - C.III
ANNEXURE - C.III
EARNING FORECAST Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year Reference
Capacity Utilization 95% 97% 98% 98% 98% 98% 98% 98% 98% 97%
Sales Revenue 185538.00 197421.00 199920.00 199920.00 199920.00 199920.00 199920.00 199920.00 199920.00 197880.00 Annexure-IV
Cost Of Goods Sold 101171.06 115163.13 118214.66 119377.07 120449.26 121628.66 122926.01 124353.09 125922.88 126821.82 Annexure-V
Gross Profit 84366.94 82257.87 81705.34 80542.93 79470.74 78291.34 76993.99 75566.91 73997.12 71058.18
Admin. & General Expenses 7703.85 8279.05 8806.10 9373.38 9997.29 10683.49 11438.21 12268.30 13181.30 14180.40 Annexure-VI
Income From Waste Raw Material 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Annexure-VII
Operating Profit 76663.09 73978.81 72899.24 71169.55 69473.45 67607.85 65555.78 63298.61 60815.83 56877.79
Financial Expenses 38804.96 33656.92 28470.87 23201.72 17936.76 12676.42 7421.15 4827.03 4894.63 4919.74 Annexure-IX
Net Profit before Tax 37858.13 40321.89 44428.37 47967.83 51536.69 54931.43 58134.63 58471.58 55921.20 51958.05
Income Tax (@35%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income Tax Reserve 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Profit after Tax 37858.13 40321.89 44428.37 47967.83 51536.69 54931.43 58134.63 58471.58 55921.20 51958.05
Dividend Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Retained Earnings 37858.13 40321.89 44428.37 47967.83 51536.69 54931.43 58134.63 58471.58 55921.20 51958.05
Gross Profit to Sales 45.47% 41.67% 40.87% 40.29% 39.75% 39.16% 38.51% 37.80% 37.01% 35.91%
Operating Profit to Sales 41.32% 37.47% 36.46% 35.60% 34.75% 33.82% 32.79% 31.66% 30.42% 28.74%
Net Profit to Sales (before Tax) 20.40% 20.42% 22.22% 23.99% 25.78% 27.48% 29.08% 29.25% 27.97% 26.26%
Net Profit to Sales (after Tax) 20.40% 20.42% 22.22% 23.99% 25.78% 27.48% 29.08% 29.25% 27.97% 26.26%
Page 4 of 39
ANNEXURE - C.IV-A
Yearly Production at 100% Capacity
Item Quty(in Pcs) Total (in '000')
Bricks 30,000,000 8 240,000
Total Sales Revenue 240,000
Rate(in Taka)
Page 5 of 39
ANNEXURE - C.IV-b
ESTIMATED SALES REVENUE Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year Reference
Capacity Utilization 95% 97% 98% 98% 98% 98% 98% 98% 98% 97%
Total Sales 228000.00 232800.00 235200.00 235200.00 235200.00 235200.00 235200.00 235200.00 235200.00 232800.00 Annexure-IV.A
Adjustment for Inventories:
Add. Opening Stock Of WIP 0.00 2520.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00
Less. Closing Stock Of WIP 2520.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00
Add.Opening Stock Of FG 0.00 7200.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00
Less: Closing Stock Of FG 7200.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00
218280.00 232260.00 235200.00 235200.00 235200.00 235200.00 235200.00 235200.00 235200.00 232800.00
LESS VAT
15% on Estimated Sales 32742.00 34839.00 35280.00 35280.00 35280.00 35280.00 35280.00 35280.00 35280.00 34920.00
Less adjustment with RM 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Annexure-V.A
Net VAT payable 32742.00 34839.00 35280.00 35280.00 35280.00 35280.00 35280.00 35280.00 35280.00 34920.00
Sales after paying VAT 185538.00 197421.00 199920.00 199920.00 199920.00 199920.00 199920.00 199920.00 199920.00 197880.00
Per Brick sp after paying vat 6.5101052632 6.7842268041 6.8 6.8 6.8 6.8 6.8 6.8 6.8 6.8
185250000.00 6.50 28,500,000 185250
Total Estimated Sales :
Page 6 of 39
ANNEXURE - C.V
COST OF GOODS SOLD 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year Reference
Capacity Utilization 95% 97% 98% 98% 98% 98% 98% 98% 98% 97%
Raw Materials 60918.75 62201.25 62842.50 62842.50 62842.50 62842.50 62842.50 62842.50 62842.50 62201.25 Annexure-V.A
Salaries & Wages for Factory Stuff 8150.54 8965.60 9862.16 10848.37 11933.21 13126.53 14439.19 15883.10 17471.41 19218.56 Annexure-V.B
Depreciation 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 Annexure-V.C
Utilities 25436.25 25971.75 26239.50 26239.50 26239.50 26239.50 26239.50 26239.50 26239.50 25971.75 Annexure-V.C
Stores & Spares 1047.88 1571.82 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 Annexure-V.C
Repair & Maintenance 1286.35 1929.52 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 Annexure-V.C
Tax & Insurance 2038.10 2040.25 2041.32 2041.32 2041.32 2041.32 2041.32 2041.32 2041.32 2040.25 Annexure-V.C
Rent of Factory Land/Building 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Annexure-V.C
Other Manufacturing Overhead 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 111741.38 115543.69 118517.44 119503.65 120588.49 121781.81 123094.46 124538.38 126126.69 126963.76
Adjustment for Inventories:
Add:Opening Stock Of WIP 0.00 2607.30 2696.02 2765.41 2788.42 2813.73 2841.58 2872.20 2905.90 2942.96 Annexure-VIII
C.O.G.S before adjustment of C.S 111741.38 118150.99 121213.45 122269.06 123376.91 124595.54 125936.04 127410.59 129032.59 129906.72
Less: Closing Stock Of WIP 2607.30 2696.02 2765.41 2788.42 2813.73 2841.58 2872.20 2905.90 2942.96 2962.49 Annexure-VIII
Total Cost Of Goods Sold 109134.08 115454.97 118448.05 119480.64 120563.18 121753.97 123063.83 124504.69 126089.63 126944.23
Add: O.S Of FinishedGoods 0.00 7963.01 8254.85 8488.24 8591.80 8705.72 8831.02 8968.84 9120.45 9287.20 Annexure-VIII
Goods Available For Sale 109134.08 123417.98 126702.90 127968.88 129154.98 130459.68 131894.85 133473.53 135210.08 136231.43
Less:C.S.Of Finished Goods 7963.01 8254.85 8488.24 8591.80 8705.72 8831.02 8968.84 9120.45 9287.20 9409.61 Annexure-VIII
Net Cost of Goods Sold: 101171.06 115163.13 118214.66 119377.07 120449.26 121628.66 122926.01 124353.09 125922.88 126821.82
Page 7 of 39
ANNEXURE - C.V-A
RAW MATERIALS :
Imported/Basic Raw-Materials:
Item C&F Value Vat
Coal 3,750 Mt 0.00 11500.00 43125.00
0 0.00 0.00 0.00 43125.00
Local Raw-Material :
Clay 2,100,000 10 21000
0 21000.00
Total (Imported + Local): 64125.00
Total Raw Material 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Requirement 60918.75 62201.25 62842.50 62842.50 62842.50 62842.50 62842.50 62842.50 62842.50 62201.25
Quantity(in cft)
Other Cost Related to Import
Landed CostPer Unit (In Taka)
Total C & F Cost (In '000' Taka)
Total VAT(In '000' Taka)
Total Other Costs(In'000' Taka)
Total Cost(In '000' Taka)
Page 8 of 39
ANNEXURE - C.V.B
Factory Staff:-
Position No(s) Salary/ Month Total Salary
Factory Office Staff 10 8,444 1,013.28
Machine Room Staff 20 8,267 1,984.08
Dryer Staff 10 7,500 900.00
Klin Staff 30 8,041 2,894.76
Sub - Total : 70 6,792.12
OPERATOR/ LABOR :
Category No(s) Salary/ Month Total Salary
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
Sub - Total : 0 0
GRAND TOTAL : 70 6,792.12
Annual Salaries & Wages for Factory Staff
Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Page 9 of 39
Salary 6792.12 6792.12 7471.33 8218.47 9040.31 9944.34 10938.78 12032.65 13235.92 14559.51
Increment 0.00 679.21 747.13 821.85 904.03 994.43 1093.88 1203.27 1323.59 1455.95
Sub - Total : 6792.12 7471.33 8218.47 9040.31 9944.34 10938.78 12032.65 13235.92 14559.51 16015.46
Bonus 1358.42 1494.27 1643.69 1808.06 1988.87 2187.76 2406.53 2647.18 2911.90 3203.09
Total: 8150.54 8965.60 9862.16 10848.37 11933.21 13126.53 14439.19 15883.10 17471.41 19218.56
ANNEXURE - C.V.C
1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
DEPRECIATION :
Building 2384.70 2384.70 2384.70 2384.70 2384.70 2384.70 2384.70 2384.70 2384.70 2384.70
Machinery 10478.80 10478.80 10478.80 10478.80 10478.80 10478.80 10478.80 10478.80 10478.80 10478.80
Total Depreciation : 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50
UTILITIES :
Water 0 0.00
Power 1000 KW 26400.00
Fuel & Lubricant ??????? 375.00
Gas 0 0.00
Total Requirement for Utilities: 25436.25 25971.75 26239.50 26239.50 26239.50 26239.50 26239.50 26239.50 26239.50 25971.75
STORE AND SPARES :
Requirement as % of M/C Cost: 0.50% 0.75% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
Amount Required: 1047.88 1571.82 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76
REPAIR AND MAINTENANCE :
Machinery 1047.88 1571.82 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76
Building 238.47 357.71 476.94 476.94 476.94 476.94 476.94 476.94 476.94 476.94
Total Requirement 1286.35 1929.52 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70
TAX AND INSURANCE :
For Fixed Assets 1936.35 1936.35 1936.35 1936.35 1936.35 1936.35 1936.35 1936.35 1936.35 1936.35
For Inventory 101.75 103.90 104.97 104.97 104.97 104.97 104.97 104.97 104.97 103.90
Total Requirement: 2038.10 2040.25 2041.32 2041.32 2041.32 2041.32 2041.32 2041.32 2041.32 2040.25
RENT OF FACTORY LAND/BUILDING:
Page 10 of 39
Area of Land/Building : 0.00 Acres
Amount Required : 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Manufacturing Overhead
No.1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
No.2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
No.3 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
ANNEXURE - C.VI
ADMINISTRATIVE, GENERAL AND SELLING EXPENSES
Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Directors Remuneration 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00
Administrative Salary 4680.00 5148.00 5663.80 6231.08 6854.99 7541.19 8295.91 9126.00 10039.00 11043.20
Write-off 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Postage, Telephone, Telegram et 172.50 175.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00
Stationary & Printing 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50
Traveling & Conveyance 175.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00
Advertisement & Marketing 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00
Entertainment 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00
Audit Fee 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00
Selling Expenses (0.25% on sales 463.85 493.55 499.80 499.80 499.80 499.80 499.80 499.80 499.80 494.70
Office Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Misc. Expense 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00
7703.85 8279.05 8806.10 9373.38 9997.29 10683.49 11438.21 12268.30 13181.30 14180.40
TOTAL ADMINISTRATIVE, GENERAL AND SELLING EXPANSES
Page 11 of 39
ANNEXURE - C.VI.B
ADMINISTRATIVE SALARY :
Position No(s) Monthly Salary Total Sal./ yr.
CEO 1 40000 480
General Manager 1 30000 360
Manager (Admin & Personnel) 1 15000 180
Manager ( Marketing) 1 15000 180
Manager ( Finance & Accounts) 1 15000 180
Manager ( Commercial) 1 15000 180
Manager ( Production) 1 15000 180
Officer Sales & Marking 1 10000 120
Purchase Officer 1 10000 120
Stock Officer 1 10000 120
Commercial Officer 1 10000 120
Accounts & Finance Officer 1 10000 120
Asst. Sales Officer 1 10000 120
Asst. Marketing Officer 2 10000 240
Asst. Store officer& Others 9 10000 1080
Security 1 10000 120
0 0 0
Total : 25 3900
Annual Requirement for Administrative Salary:
Page 12 of 39
Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Salary 3900.00 3900.00 4290.00 4719.00 5190.90 5709.99 6280.99 6909.09 7600.00 8360.00
Increment ( @10% per year ) 0.00 390.00 429.00 471.90 519.09 571.00 628.10 690.91 760.00 836.00
Sub - Total 3900.00 4290.00 4719.00 5190.90 5709.99 6280.99 6909.09 7600.00 8360.00 9196.00
Bonus 780.00 858.00 943.80 1038.18 1142.00 1256.20 1381.82 1520.00 1672.00 1839.20
Others 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00
Total Adminis. Salary : 4680.00 5148.00 5663.80 6231.08 6854.99 7541.19 8295.91 9126.00 10039.00 11043.20
DEPRECIATION AND WRITE-OFF :
Other Assets
Pre Operating Expenses
Total 0.00
ANNEXURE - C.VII
ASSESSMENT OF WORKING CAPITAL
Current Assets Tide-up Period (days) Current Assets Tide-up Period
Imported Raw Materials(LC & Bills S - Work In Process 7
Local Raw Matrials - Finished goods 20
Inventory of Imported Raw Materials 90 Receivable 60
Inventory of Local Raw Materials 60 Store & Spares 90
Current Assets 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Imported Raw Materials(LC & Bills S 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Local Raw Matrials 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory of Imported Raw Materials 10242.19 10457.81 10565.63 10565.63 10565.63 10565.63 10565.63 10565.63 10565.63 10457.81
Inventory of Local Raw Materials 3325.00 3395.00 3430.00 3430.00 3430.00 3430.00 3430.00 3430.00 3430.00 3395.00
Work in Process 2607.30 2696.02 2765.41 2788.42 2813.73 2841.58 2872.20 2905.90 2942.96 2962.49
Finished Goods 7963.01 8254.85 8488.24 8591.80 8705.72 8831.02 8968.84 9120.45 9287.20 9409.61
Receivable 23889.04 24764.55 25464.71 25775.41 26117.16 26493.06 26906.53 27361.34 27861.60 28228.83
Stores & Spares 314.36 471.55 628.73 628.73 628.73 628.73 628.73 628.73 628.73 523.94
Total : 48340.91 50039.78 51342.70 51779.98 52260.96 52790.01 53371.94 54012.03 54716.11 54977.68
Less-Dep. Involves in WIP,FG & Rec 3730.42 3730.42 3730.42 3730.42 3730.42 3730.42 3730.42 3730.42 3730.42 3730.42
Total Working Capital Requiremen 44610.49 46309.36 47612.29 48049.56 48530.54 49059.59 49641.52 50281.61 50985.69 51247.27
Margin against W/C Finance 8922.10 9261.87 9522.46 9609.91 9706.11 9811.92 9928.30 10056.32 10197.14 10249.45
Page 13 of 39
W/C for Bank Finance 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81
Break-up of Working Capital for Bank Finance
Non Funded (L/C Stage) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Funded:
For Bills Stage 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
For Inventory of Imported RM 8193.75 8366.25 8452.50 8452.50 8452.50 8452.50 8452.50 8452.50 8452.50 8366.25
For Inventory of Local RM 2660.00 2716.00 2744.00 2744.00 2744.00 2744.00 2744.00 2744.00 2744.00 2716.00
For WIP Stage 2085.84 2156.82 2212.33 2230.73 2250.99 2273.26 2297.76 2324.72 2354.36 2369.99
For FG Stage 6370.41 6603.88 6790.59 6873.44 6964.57 7064.82 7175.08 7296.36 7429.76 7527.69
For Receivable Stage 16378.39 17204.54 17890.42 18138.98 18412.37 18713.10 19043.88 19407.72 19807.93 20017.89
Sub-Total (Funded): 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81
Total W/C for Bank Finance: 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81
ANNEXURE - C.VII.A
TOTAL INCOME FROM OTHER SOURCES Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Short Term Investment 0 0 0 0 0 0 0 0 0 0
Waste Raw Material 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total : 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Item Quantity (Ton) Rate Total Sales Price
Usable 0 0 0
Unusable 0 0 0
Total Salable Waste 0 0
ANNEXURE - C.VII.B
Item Wise Unit Cost For Year 1
INCOME FROM SALES OF WASTE RAW MATERIAL
Page 14 of 39
Particular Pcs Prod Unit Cost
Raw Materials 60918.75 28500000 2.14 Salaries & Wages for Factory 8150.54 28500000 0.29 Depreciation 12863.50 28500000 0.45 Utilities 25436.25 28500000 0.89 Stores & Spares 1047.88 28500000 0.04 Repair & Maintenance 1286.35 28500000 0.05 Tax & Insurance 2038.10 28500000 0.07 Financial Expense 38804.96 28500000 1.36 Total 150546.34 5.28
ANNEXURE - C.VIII
FINANCIAL EXPENSES
Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Profit on Long Term Investment 34522.35 29211.22 23900.09 18588.96 13277.83 7966.70 2655.57 0.00 0.00 0.00
Profit on Bridge Financing
Profit on Working Capital Investment 4282.61 4445.70 4570.78 4612.76 4658.93 4709.72 4765.59 4827.03 4894.63 4919.74
Profit during Gestation Period on L.T.I 0.00 0.00 0.00
Total Financial Expenses 38804.96 33656.92 28470.87 23201.72 17936.76 12676.42 7421.15 4827.03 4894.63 4919.74
PROFIT ON LONG TERM INVESTMENT
1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Principal 309816.00 265556.57 221297.14 177037.71 132778.29 88518.86 44259.43 0.00 0.00 0.00
Principal Re-payment 44259.43 44259.43 44259.43 44259.43 44259.43 44259.43 44259.43 0.00 0.00 0.00
Closing Balance 265556.57 221297.14 177037.71 132778.29 88518.86 44259.43 0.00 0.00 0.00 0.00
Total Cost in 000
Page 15 of 39
Average Balance 287686.29 243426.86 199167.43 154908.00 110648.57 66389.14 22129.71 0.00 0.00 0.00
Profit/Rent 34522.35 29211.22 23900.09 18588.96 13277.83 7966.70 2655.57 0.00 0.00 0.00
PROFIT/COMMISSION ON WORKING CAPITAL FINANCE
1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Required Total W/C Finance/Investm 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81
Working Capital Finance(No-Funded 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Investment(Funded) 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81
Commission on W/C Finance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit on W/C Investment 4282.61 4445.70 4570.78 4612.76 4658.93 4709.72 4765.59 4827.03 4894.63 4919.74
Total Profit/Commission: 4282.61 4445.70 4570.78 4612.76 4658.93 4709.72 4765.59 4827.03 4894.63 4919.74
ANNEXURE - IX.A
REPAYMENT SCHEDULE OF LONG TERM LOAN
Principal Loan 309816
Repayment Period 7.00 Years
Nos. of Installment 28 Quarterly
Annual Interest Rate 12.00% +
Installment Size (16,511.10)
Adjustment of Loan
Installment Interest Installment Interest
1st' 309816.00 9294.48 16511.10 7216.62 15th' 186510.55 5595.32 16511.10 10915.78
PrincipalOutstanding
InstallmentPaid
Principal Adjustment
PrincipalOutstanding
InstallmentPaid
Principal Adjustment
Page 16 of 39
2nd' 302599.38 9077.98 16511.10 7433.11 16th' 175594.77 5267.84 16511.10 11243.25
3rd' 295166.27 8854.99 16511.10 7656.11 17th' 164351.52 4930.55 16511.10 11580.55
4th' 287510.16 8625.30 16511.10 7885.79 18th' 152770.97 4583.13 16511.10 11927.97
5th' 279624.37 8388.73 16511.10 8122.37 19th' 140843.00 4225.29 16511.10 12285.81
6th' 271502.00 8145.06 16511.10 8366.04 20th' 128557.20 3856.72 16511.10 12654.38
7th' 263135.97 7894.08 16511.10 8617.02 21st' 115902.81 3477.08 16511.10 13034.01
8th' 254518.95 7635.57 16511.10 8875.53 22nd' 102868.80 3086.06 16511.10 13425.03
9th' 245643.42 7369.30 16511.10 9141.79 23rd' 89443.77 2683.31 16511.10 13827.78
10th' 236501.63 7095.05 16511.10 9416.05 24th' 75615.99 2268.48 16511.10 14242.62
11th' 227085.58 6812.57 16511.10 9698.53 25th' 61373.37 1841.20 16511.10 14669.90
12th' 217387.05 6521.61 16511.10 9989.48 26th' 46703.47 1401.10 16511.10 15109.99
13th' 207397.57 6221.93 16511.10 10289.17 27th' 31593.48 947.80 16511.10 15563.29
14th' 197108.40 5913.25 16511.10 10597.84 28th' 16030.19 480.91 16511.10 16030.19
ANNEXURE - C.IX.B
INVESTMENT - SERVICE COVERAGE RATIO
Income 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Operating Profit 76663.09 73978.81 72899.24 71169.55 69473.45 67607.85 65555.78 63298.61 60815.83 56877.79
Depreciation & Write-off 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50
89526.59 86842.31 85762.74 84033.05 82336.95 80471.35 78419.28 76162.11 73679.33 69741.29
Liabilities for Re-payment 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Installment Of Term Investment 44259.43 44259.43 44259.43 44259.43 44259.43 44259.43 44259.43 0.00 0.00 0.00
Financial Expenses 38804.96 33656.92 28470.87 23201.72 17936.76 12676.42 7421.15 4827.03 4894.63 4919.74
Income Available ForMeeting Liability
Page 17 of 39
Total Liability for Re-payment 83064.39 77916.35 72730.30 67461.15 62196.19 56935.85 51680.58 4827.03 4894.63 4919.74
1.08 1.11 1.18 1.25 1.32 1.41 1.52 15.78 15.05 14.18
ANNEXURE: C.X
PROJECTED CASH FLOW STATEMENT
Sources of Fund Const. Year 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Owners Equity in Fixed Investment 77454.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase in Current Liability 0.00 35688.40 1359.09 1042.34 349.82 384.78 423.24 465.54 512.08 563.26 209.26
Long Term Bank Loan 309816.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bridge Financing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Retained Earnings 0.00 37858.13 40321.89 44428.37 47967.83 51536.69 54931.43 58134.63 58471.58 55921.20 51958.05
Tax Holiday Reserve 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50
Investment-Service Coverage Ratio(Times)
Page 18 of 39
Equity Contribution in W/C 0.00 8922.10 339.77 260.59 87.46 96.20 105.81 116.39 128.02 140.82 52.32
Total Fund 387270.00 95332.12 54884.26 58594.79 61268.61 64881.17 68323.98 71580.06 71975.17 69488.78 65083.12
Application Of Fund : Const. Year 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Capital Investment 387270.000 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Pre Operating Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase In Current Assets 0.00 48340.91 1698.87 1302.93 437.28 480.98 529.05 581.93 640.09 704.08 261.58
Repayment Of Loan 0.00 44259.43 44259.43 44259.43 44259.43 44259.43 44259.43 44259.43 0.00 0.00 0.00
Total Application Of Fund : 387270.00 92600.34 45958.29 45562.36 44696.71 44740.41 44788.48 44841.36 640.09 704.08 261.58
Cash Surplus 0.00 2731.79 8925.96 13032.44 16571.90 20140.76 23535.50 26738.70 71335.08 68784.70 64821.55
Opening Cash Balance 0.00 0.00 2731.79 11657.75 24690.19 41262.09 61402.85 84938.35 111677.06 183012.14 251796.84
Closing Cash Balance 0.00 2731.79 11657.75 24690.19 41262.09 61402.85 84938.35 111677.06 183012.14 251796.84 316618.38
ANNEXURE - C.XI
PROJECTED BALANCE SHEET
Assets Construction 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th
Taka Taka Taka Taka Taka Taka Taka Taka Taka Taka Taka
Free Cash 0.00 2731.79 11657.75 24690.19 41262.09 61402.85 84938.35 111677.06 183012.14 251796.84 316618.38
Restricted Cash 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Balance 0.00 2731.79 11657.75 24690.19 41262.09 61402.85 84938.35 111677.06 183012.14 251796.84 316618.38
Raw & Packing Materials 0.00 13567.19 13852.81 13995.63 13995.63 13995.63 13995.63 13995.63 13995.63 13995.63 13852.81
Work in Process 0.00 2607.30 2696.02 2765.41 2788.42 2813.73 2841.58 2872.20 2905.90 2942.96 2962.49
Finished Goods 0.00 7963.01 8254.85 8488.24 8591.80 8705.72 8831.02 8968.84 9120.45 9287.20 9409.61
Receivable 0.00 23889.04 24764.55 25464.71 25775.41 26117.16 26493.06 26906.53 27361.34 27861.60 28228.83
Page 19 of 39
Store & Spares 0.00 314.36 471.55 628.73 628.73 628.73 628.73 628.73 628.73 628.73 523.94
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
Current Assets 0.00 51072.70 61697.52 76032.89 93042.07 113663.81 137728.36 165048.99 237024.17 306512.94 371596.07
Pre Operating Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Assets 387270.00 374406.50 361543.00 348679.50 335816.00 322952.50 310089.00 297225.50 284362.00 271498.50 258635.00
Total Assets 387270.00 425479.20 423240.52 424712.39 428858.07 436616.31 447817.36 462274.49 521386.17 578011.44 630231.07
Liabilities Construction 1st 2nd 3rd 4th 5 6 7 8 9 10
Taka Taka Taka Taka Taka Taka Taka Taka Taka Taka Taka
Long Term Loan 309816.00 265556.57 221297.14 177037.71 132778.29 88518.86 44259.43 0.00 0.00 0.00 0.00
Bridge Financing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Loan 0.00 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81
Total Liabilities 309816.00 301244.97 258344.63 215127.54 171217.94 127343.29 83507.10 39713.22 40225.29 40788.55 40997.81
Equity Taka Taka Taka Taka Taka Taka Taka Taka Taka Taka Taka
Paid Up Capital 77454.00 77454.00 77454.00 77454.00 77454.00 77454.00 77454.00 77454.00 77454.00 77454.00 77454.00
Equity from IPO 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increment in Equity Participat 0.00 8922.10 9261.87 9522.46 9609.91 9706.11 9811.92 9928.30 10056.32 10197.14 10249.45
Tax Holiday Reserve 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Retained Earnings 0.00 37858.13 78180.02 122608.39 170576.22 222112.91 277044.34 335178.97 393650.55 449571.75 501529.80
Total Equity 77454.00 124234.23 164895.89 209584.85 257640.13 309273.02 364310.26 422561.28 481160.87 537222.89 589233.25
Total Liability & Equity 387270.00 425479.20 423240.52 424712.39 428858.07 436616.31 447817.36 462274.49 521386.17 578011.44 630231.07
Asset - (L+E) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ANNEXURE - C.XII
EXPECTED KEY RATIOS
Construction 1st 2nd 3rd 4th 5 6 7 8 9 10
DEBT ( % ) 80.00 70.80 61.04 50.65 39.92 29.17 18.65 8.59 7.72 7.06 6.51
EQUITY ( % ) 20.00 29.20 38.96 49.35 60.08 70.83 81.35 91.41 92.28 92.94 93.49
Current Ratio 0.64 0.76 0.92 1.13 1.37 1.65 1.97 5.89 7.51 9.06
Quick Ratio 0.33 0.45 0.61 0.81 1.05 1.33 1.65 5.23 6.86 8.41
Liquidity Ratio 0.03 0.14 0.30 0.50 0.74 1.02 1.33 4.55 6.17 7.72
Page 20 of 39
Asset Ratio 1.41 1.64 1.97 2.50 3.43 5.36 11.64 12.96 14.17 15.37
Return on Equity Ratio 0.49 0.32 0.27 0.23 0.20 0.18 0.16 0.14 0.12 0.10
Working Capital to Total Assets(X1) 0.08 0.09 0.09 0.09 0.09 0.09 0.09 0.08 0.07 0.07
Retained Earnings to Total Assets(X2) 0.09 0.10 0.10 0.11 0.12 0.12 0.13 0.11 0.10 0.08
EBIT to Total Assets(X3) 0.18 0.17 0.17 0.17 0.16 0.15 0.14 0.12 0.11 0.09
Equity to Total Liabilities(X4) 0.41 0.64 0.97 1.50 2.43 4.36 10.64 11.96 13.17 14.37
Sales to Total Assets(X5) 0.44 0.47 0.47 0.47 0.46 0.45 0.43 0.38 0.35 0.31
Y-SCORE 1st 2nd 3rd 4th 5 6 7 8 9 10
Current Ratio 0.00 0.00 0.00 1.00 2.00 2.00 3.00 4.00 4.00 4.00
Quick Ratio 1.00 1.00 2.00 3.00 4.00 4.00 4.00 4.00 4.00 4.00
Liquidity Ratio 0.00 1.00 2.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00
Asset Ratio 1.00 1.00 2.00 3.00 4.00 4.00 4.00 4.00 4.00 4.00
Return on Equity Ratio 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 3.00
Total : 6.00 7.00 10.00 15.00 18.00 18.00 19.00 20.00 20.00 19.00
Z-SCORE
1st 2nd 3rd 4th 5 6 7 8 9 10
Z-Score 0.91 1.09 1.31 1.64 2.19 3.35 7.10 7.81 8.47 9.13
ANNEXURE - C.XIII
WEIGHTED AVERAGE COST OF CAPITAL
Const. Year 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Debt ( in % ) 80.00 70.80 61.04 50.65 39.92 29.17 18.65 8.59 7.72 7.06 6.51
Equity (in % ) 20.00 29.20 38.96 49.35 60.08 70.83 81.35 91.41 92.28 92.94 93.49
Z = 0.012 X1 + 0.014 X2 + 0.033 X3 + 0.006 X4 +0.999 X5
Page 21 of 39
Cost of Debt 12.00%
Cost of Equity 0.00%
Corporate Tax 35.00%
Average Cost of Capital 12.80% 11.33% 9.77% 8.10% 6.39% 4.67% 2.98% 1.37% 1.23% 1.13% 1.04%
Weighted Average Cost of Capital = 4.13%
ANNEXURE - C.XIV
FINANCIAL INTERNAL RATE OF RETURN(FIRR)
Year Operating Profit Depreciation Cash in Flow Year Depreciation
1st 76663.09 12863.50 89526.59 11th' 0.00
Recovery of Capital
Operating Profit
Recovery of Capital
Cash In-flow
Page 22 of 39
2nd 73978.81 12863.50 86842.31 12th' 0.00
3rd 72899.24 12863.50 85762.74 13th' 0.00
4th 71169.55 12863.50 84033.05 14th' 0.00
5th 69473.45 12863.50 82336.95 15th' 0.00
6th 67607.85 12863.50 80471.35
7th 65555.78 12863.50 78419.28
8th 63298.61 12863.50 76162.11
9th 60815.83 12863.50 73679.33
10th 56877.79 12863.50 216037.86 285779.15
Recovery Of Capital :
Item Cost Rate Amount
Land 130,000 100% 130000.00
Building 47,694 50% 23847.00
Machinery 209,576 10% 20957.60
Inventory 54977.68 75% 41233.26
Total : 216037.86
ANNEXURE - C.XIV Cont
Here CASH OUT FLOW IS WITHOUT THE BAK REPAYMENT
CASH FLOW STATEMENT FOR CALCULATION OF IRR :
Page 23 of 39
Year 5% 10% 15% 20% 25% 30% 40%
Construction Year 387270.00 0.00 (387270.00) (387,270) (387,270) (387,270) (387,270) (387,270) (387,270) (387,270)
1st 48340.91 89526.59 41185.68 39,224 37,442 35,814 34,321 32,949 31,681 29,418
2nd 1698.87 86842.31 85143.45 77,228 70,366 64,381 59,127 54,492 50,381 43,441
3rd 1302.93 85762.74 84459.81 72,960 63,456 55,534 48,877 43,243 38,443 30,780
4th 437.28 84033.05 83595.77 68,774 57,097 47,796 40,314 34,241 29,269 21,761
5th 480.98 82336.95 81855.97 64,136 50,826 40,697 32,896 26,823 22,046 15,220
6th 529.05 80471.35 79942.30 59,654 45,125 34,561 26,773 20,956 16,562 10,617
7th 581.93 78419.28 77837.36 55,318 39,943 29,262 21,723 16,324 12,405 7,384
8th 640.09 76162.11 75522.02 51,116 35,232 24,688 17,564 12,670 9,258 5,117
9th 704.08 73679.33 72975.25 47,040 30,949 20,744 14,143 9,795 6,882 3,532
10th 261.58 285779.15 285517.57 175,283 110,079 70,576 46,113 30,657 20,711 9,871
11th' 0.00 0.00 0.00 0 0 0 0 0 0 0
12th' 0.00 0.00 0.00 0 0 0 0 0 0 0
13th' 0.00 0.00 0.00 0 0 0 0 0 0 0
14th' 0.00 0.00 0.00 0 0 0 0 0 0 0
15th' 0.00 0.00 0.00 0 0 0 0 0 0 0
Net Present value : 323464 153245 36782 (45418) (105120) (149632) (210129)
Internal / Financial Rate Of Return = 17.03%
Assumption: All the cash flows will be received at the end of every year.
If we consider that the cash flows will be received monthly basis instead of at the end of every year, as we assumed earlier then,
Internal / Financial Rate Of Return = 18.43%
(ANNEXURE - C.XIV Contd…)
Cash Outflow
Cash Inflow
Net Cash Inflow
Page 24 of 39
Data:
Rate of Return 5% 10% 15% 20% 25% 30% 40%
NPV 323464 153245 36782 (45418) (105120) (149632) (210129)
ANNEXURE - C.XV
NET PRESENT VALUE (NPV) & MODIFIED INTERNAL RATE OF RETURN (MIRR)
5% 10% 15% 20% 25% 30% 40%
(300000)
(200000)
(100000)
0
100000
200000
300000
400000
NPV
Axis Title
Axis
Title
Page 25 of 39
Year FV of NCI at WACC
Construction Year 387270.00 0.00 (387270.00) (387,270) 1.0041 (387,270)
1st 48340.91 89526.59 41185.68 41,169 1.0037 41,339 41,339
2nd 1698.87 86842.31 85143.45 85,073 1.0033 85,425 85,425
3rd 1302.93 85762.74 84459.81 84,355 1.0029 84,704 84,704
4th 437.28 84033.05 83595.77 83,458 1.0025 83,803 83,803
5th 480.98 82336.95 81855.97 81,687 1.0021 82,025 82,025
6th 529.05 80471.35 79942.30 79,745 1.0017 80,074 80,074
7th 581.93 78419.28 77837.36 77,613 1.0012 77,934 77,934
8th 640.09 76162.11 75522.02 75,273 1.0008 75,584 75,584
9th 704.08 73679.33 72975.25 72,705 1.0004 73,005 73,005
10th 261.58 285779.15 285517.57 284,342 1.0000 285,518 285,518
11th 0.00 0.00 0.00 0 0.0000 0 0
12th 0.00 0.00 0.00 0 0.0000 0 0
13th 0.00 0.00 0.00 0 0.0000 0 0
14th 0.00 0.00 0.00 0 0.0000 0 0
15th 0.00 0.00 0.00 0 0.0000 0 0
Net Present value : 578150
Modified Internal Rate Of Return : 17.08%
ANNEXURE - C.XVI
Cash Outflow
Cash Inflow
Net Cash Inflow (NCI)
NPV of NCI at WACC
DiscountCo-efficient (F/P)
CFI for MIRR
Page 26 of 39
BREAK EVEN ANALYSIS
1st Year of Operation 2nd year of Operation 3rd year of Operation
Income (Net Sales+Other Income) 185538.00 197421.00 199920.00
Break-up Of Cost Fixed Cost Total Cost Fixed Cost Total Cost Fixed Cost Total Cost
Raw Materials 0.00 60918.75 60918.75 0.00 62201.25 62201.25 0.00 62842.50 62842.50
Wages & Salary 9570.33 3260.22 12830.54 10527.36 3586.24 14113.60 11581.09 3944.86 15525.96
Store & Spares 523.94 523.94 1047.88 785.91 785.91 1571.82 1047.88 1047.88 2095.76
Utilities 2543.63 22892.63 25436.25 2597.18 23374.58 25971.75 2623.95 23615.55 26239.50
Repair & Maintenance 643.18 643.18 1286.35 964.76 964.76 1929.52 1286.35 1286.35 2572.70
Rent , Tax & Insurance 1936.35 101.75 2038.10 1936.35 103.90 2040.25 1936.35 104.97 2041.32
Postage & Telegram 69.00 103.50 172.50 70.00 105.00 175.00 72.00 108.00 180.00
Stationary & Printing 25.00 37.50 62.50 25.00 37.50 62.50 25.00 37.50 62.50
Financial Expenses 34522.35 4282.61 38804.96 29211.22 4445.70 33656.92 23900.09 4570.78 28470.87
Traveling & Conveyance 70.00 105.00 175.00 100.00 150.00 250.00 100.00 150.00 250.00
Depreciation & Write-off 12863.50 0.00 12863.50 12863.50 0.00 12863.50 12863.50 0.00 12863.50
Advertisement & Marketing 0.00 500.00 500.00 0.00 500.00 500.00 0.00 500.00 500.00
Entertainment 90.00 60.00 150.00 90.00 60.00 150.00 90.00 60.00 150.00
Selling Expenses 0.00 0.00 463.85 0.00 493.55 493.55 0.00 499.80 499.80
Audit Fee 50.00 0.00 50.00 50.00 0.00 50.00 50.00 0.00 50.00
Directors Remuneration 1200.00 0.00 1200.00 1200.00 0.00 1200.00 1200.00 0.00 1200.00
Office Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Misc. Expenses 125.00 125.00 250.00 125.00 125.00 250.00 125.00 125.00 250.00
Total Cost 64232.27 93554.07 158250.18 60546.28 96933.38 157479.66 56901.22 98893.19 155794.41
Adjustment for WIP & FG (4321.37) (6248.94) (10570.31) (146.31) (234.24) (380.56) (110.58) (192.19) (302.77)
Net Total 59910.90 87305.13 147679.87 60399.97 96699.14 157099.11 56790.63 98701.00 155491.63
P . V Ratio 0.53 0.51 0.51
113157.11 118387.63 112168.50
Break Even Capacity 61% Of Assumed Capacity. 60% Of Assumed Capacity. 56% Of Assumed Capacity.
58% Of Installed Capacity. 58% Of Installed Capacity. 55% Of Installed Capacity.
(ANNEXURE - C.XVI Contd….)
Variable Cost
Variable Cost
Variable Cost
Break Even Sales
Page 27 of 39
0% 10% 20% 30% 40% 50% 60% 70% 80%0.00
20000.00
40000.00
60000.00
80000.00
100000.00
120000.00
140000.00
160000.00
180000.00
Total CostFixed Cost Variable Cost
Axis Title
AM
OU
NT
TA
KA
IN
'0
00
'
Page 28 of 39
Data
Total Cost Fixed Cost Variable Cost Sales
0% 59910.90 59910.90 0.00 0.00
10% 69100.91 59910.90 9190.01 19530.32
20% 78290.92 59910.90 18380.03 39060.63
30% 87480.94 59910.90 27570.04 58590.95
40% 96670.95 59910.90 36760.05 78121.26
50% 105860.96 59910.90 45950.07 97651.58
60% 115050.98 59910.90 55140.08 117181.89
70% 124240.99 59910.90 64330.10 136712.21
80% 133431.01 59910.90 73520.11 156242.53
Page 29 of 39
ANNEXURE - C.XVII
PAY BACK PERIOD
Year Investment Balance
0 387270.00 0.00 0 0 0 387270.00
1 0.00 37858.13 12863.50 50721.63 50721.63 336548.37
2 0.00 40321.89 12863.50 53185.39 103907.02 283362.98
3 0.00 44428.37 12863.50 57291.87 161198.89 226071.11
4 0.00 47967.83 12863.50 60831.33 222030.22 165239.78
5 0.00 51536.69 12863.50 64400.19 286430.41 100839.59
6 0.00 54931.43 12863.50 67794.93 354225.34 33044.66
7 0.00 58134.63 12863.50 70998.13 425223.47 -37953.47 6.465
8 0.00 58471.58 12863.50 71335.08 496558.55 -109288.55
9 0.00 55921.20 12863.50 68784.70 565343.25 -178073.25
10 0.00 51958.05 12863.50 64821.55 630164.80 -242894.80
11 0.00 51958.05 12863.50 64821.55 694986.35 -307716.35
12 0.00 51958.05 12863.50 64821.55 759807.90 -372537.90
13 0.00 51958.05 12863.50 64821.55 824629.44 -437359.44
6.465
Net Profit before Tax
Depreciation& write off
Total Cash inflow
Cumulative cash flow
Pay backPeriod (Year)
Page 30 of 39
ANNEXURE - C.XVIII
ESTIMATED ECONOMIC RESULTS Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year Reference
Capacity Utilization 95% 97% 98% 98% 98% 98% 98% 98% 98% 97%
Contribution to G. D. P 101274 102051 102374 102186 102186 102186 102186 102186 102186 100979 Annexure-XX
Employment Generation 95 Person
Cost per Job 4076.53
Benefit-Cost Ratio 1.65 Annexure-XXI
ANNEXURE - C.XIX
CONTRIBUTION TO G. D. P
1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
A. Income 185538.00 197421.00 199920.00 199920.00 199920.00 199920.00 199920.00 199920.00 199920.00 197880.00
B. Less Inter- Firm Transaction :
Raw Materials 60918.75 62201.25 62842.50 62842.50 62842.50 62842.50 62842.50 62842.50 62842.50 62201.25
Store And Spares 1047.88 1571.82 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76
Repair & Maintenance 1286.35 1929.52 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70
Rent , Tax & Insurance 2038.10 2040.25 2041.32 2041.32 2041.32 2041.32 2041.32 2041.32 2041.32 2040.25
Utilities 25436.25 25971.75 26239.50 26239.50 26239.50 26239.50 26239.50 26239.50 26239.50 25971.75
Postage & Telegram 172.50 175.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00
Stationery & Printing 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50
Traveling & Conveyance 175.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00
Advertisement 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00
Entertainment 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00
Audit Fee 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00
Other Expenses 713.85 743.55 749.80 749.80 749.80 749.80 749.80 749.80 749.80 744.70
Sub-Total : 92551.18 95645.64 97734.08 97734.08 97734.08 97734.08 97734.08 97734.08 97734.08 96818.91
Adjustment for WIP & FG Inventorie 8287.05 276.00 187.70 0.00 0.00 0.00 0.00 0.00 0.00 -82.25
Total Inter-Firm Transaction (B): 84264.13 95369.64 97546.38 97734.08 97734.08 97734.08 97734.08 97734.08 97734.08 96901.15
Page 31 of 39
Contribution To G. D. P (A-B): 101273.87 102051.36 102373.62 102185.92 102185.92 102185.92 102185.92 102185.92 102185.92 100978.85
ANNEXURE - C.XX
BENEFIT-COST RATIO DISCOUNTED AT WACC
Year Total Cost Total Benefit
Construction Year 387270 0 0 387270 387270 0 0
1st 0 108875 12864 96011 92207 185538 178186
2nd 0 123442 12864 110579 101988 197421 182084
3rd 0 127021 12864 114157 101117 199920 177082
4th 0 128750 12864 115887 98581 199920 170065
5th 0 130447 12864 117583 96060 199920 163326
6th 0 132312 12864 119449 93717 199920 156854
7th 0 134364 12864 121501 91550 199920 150638
8th 0 136621 12864 123758 89555 199920 144669
9th 0 139104 12864 126241 87732 199920 138936
10th 0 141002 12864 128139 85522 197880 132069
11th 0 0 0 0 0 199920 128143
12th 0 0 0 0 0 199920 123065
13th 0 0 0 0 0 199920 118188
14th 0 0 0 0 0 199920 113504
15th 0 0 0 0 0 199920 109007
Net Present Value 1325299 2185815
Benefit Cost Ratio = 1.65
Employment Generation : 95 Person.
Cost Per Job : 4076.53 Thousand
Capital Expenditure
Operating Expenses
Non-CashExpenses
Discounted Present value
Discounted Present Value
Page 32 of 39
INPUT (Don’t Touch here)Sl. NoParticular Amount Tk Tk (in 000) Wizard 1 Daily Production Capacity 100,000 0.50 1.1 Yearly Production at 100% Ca 30,000,000
1.3 100% Capacity Sales 240,000,000 240,000 3 Raw Material3.1 Coal Qty Required MT 3,750 3.3 Clay Qty (cft) Required 2,100,000 4 Factory Staff:-4.1 Factory Office Staff 10 8,444 4.2 Machine Room Staff 20 8,267 4.3 Dryer Staff 10 7,500 4.4 Klin Staff 30 8,041 7 Depreciation Method: St. Line7.1 Life time of All assets 20 8 Utilities Qty Hour Days Rate Total Cost Cost in 000 8.1 Water - - 8.2 Power (KW) 1,000 8 300 11 26400000 26,400 8.3 Fuel & Lubricant ??????? 375,000 375 8.4 Gas - -
9 STORE AND SPARES COST IN COGS (Requirement as % of M/C Cost:)9.1 1st Year 0.50%9.2 2nd Year 0.75%9.3 3rd Year 1.00%9.4 4th Year 1.00%9.5 5th Year 1.00%
Page 33 of 39
9.6 6th Year 1.00%9.7 7th Year 1.00%9.8 8th Year 1.00%9.9 9th Year 1.00%9.10 10th Year 1.00%10 Tax and Insurance10.1 Tax and Insurance for fixed a 0.50%10.2 Tax and Insurance for invent 0.75%10.3 Income Tax Calculation No10.4 Income Tax Rate 35.00%11 Factory Rent (Acres) Qty Total Cost Cost in 000
Factory Rent (Acres) - - - 12 Other Manufacturing Overhead12.1 No.1 - - 12.2 No.2 - - 12.3 No.3 - -
13 Raw Material and Working Cap13.1 Imported Raw Materials(LC & - 13.2 Local Raw Matrials - 13.3 Inventory of Imported Raw M 90 13.4 Inventory of Local Raw Mater 60 13.5 Work In Process 7 13.6 Finished goods 20 13.7 Receivable 60 13.8 Store & Spares 90 13.9 Number of Days worked in Fa 300 14 ADMINISTRATIVE, GENERAL AND1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
14.1 Directors Remuneration 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00
14.2 Write-off 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14.3 Postage, Telephone, Telegram 172.50 175.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00
14.4 Stationary & Printing 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50
14.5 Traveling & Conveyance 175.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00
Tide-up Period (days)
Page 34 of 39
14.6 Advertisement & Marketing 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00
14.7 Entertainment 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00
14.8 Audit Fee 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00
14.9 Office Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14.1 Misc. Expense 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00
15 ADMINISTRATIVE SALARY: Pos No(s) Monthly Salary
15.1 CEO 1 40000
15.2 General Manager 1 30000
15.3 Manager (Admin & Personnel) 1 15000
15.4 Manager ( Marketing) 1 15000
15.5 Manager ( Finance & Accounts) 1 15000
15.6 Manager ( Commercial) 1 15000
15.7 Manager ( Production) 1 15000
15.8 Officer Sales & Marking 1 10000
15.9 Purchase Officer 1 10000
15.1 Stock Officer 1 10000
15.1 Commercial Officer 1 10000
15.1 Accounts & Finance Officer 1 10000
15.1 Asst. Sales Officer 1 10000
15.1 Asst. Marketing Officer 2 10000
15.2 Asst. Store officer& Others 9 10000
15.2 Security 1 10000
Total 235,000 16 Salary Policy
16.1 Increment (% per year) 10%16.2 Bonus 20%17 Balance Sheet Information
17.1 Restricted Cash 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Restricted Cash - - - - - - - - - - 18 Pre Operating Expenses Ammount Taka Taka in 000 18.1 - - - 18.2 - - - 18.3 - - -
Page 35 of 39
18.4 - - - 18.5 - - -
Total - - - 19 Project Appraisal Inputs19.1 Number of year taken for cal 10 19 FINANCIAL INTERNAL RATE OF RETURN(FIRR)19.2 Recovery of Capital (Rate of Rate
Land 100%Building 50%Machinery 10%Inventory 75%
19.3 Range of Internal / Financial Rate Of Return19.3. Range 1 5%19.3. Range 2 10%19.3. Range 3 15%19.3. Range 4 20%19.3. Range 5 25%19.3. Range 6 30%19.3. Range 7 40%
WIP DETAILS
For Production capacity of 2,00,000 pieces per day
Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Add. Opening Stock Of WIP 0.00 10080.00 10640.00 10640.00 10640.00 10640.00 10640.00 10640.00 10640.00 10640.00
Less. Closing Stock Of WIP 10080.00 10640.00 10640.00 10640.00 10640.00 10640.00 10640.00 10640.00 10640.00 10640.00
Add.Opening Stock Of FG 0.00 28800.00 30400.00 30400.00 30400.00 30400.00 30400.00 30400.00 30400.00 30400.00
Less: Closing Stock Of FG 28800.00 30400.00 30400.00 30400.00 30400.00 30400.00 30400.00 30400.00 30400.00 30400.00
For Production capacity of 50,000 pieces per day
Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
Add. Opening Stock Of WIP 0.00 2520.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00
Less. Closing Stock Of WIP 2520.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00
Add.Opening Stock Of FG 0.00 7200.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00
Less: Closing Stock Of FG 7200.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00
Page 36 of 39
INFORMATION SHEET
What is the Capacity of Daily Production?Select from Drop Down Menu and change the following options as necessary
100000
Land Rate Per Brick 8Land Development Coal Price Per Unit (MT) 11500 TEST CHANGE FROM 65000Total Land 130000 Coal Price Per Unit (cft) 10Building including civil work costs 47694 TEST CHANGE FROM 23847Machinery 209576 Capacity UtilizationTotal 387270 1st Year 95% TEST CHANGE FROM 23847Electricity Consumption (KW) 1000 2nd Year 97%Electricity Charges (Industries) Tk/KW 11 3rd Year 98%Daily Working Hour 8 4th Year 98%Drying Hour 24 5th Year 98% TEST CHANGE FROM 650Working days in a year 300 6th Year 98%Worker 20 TO 40 7th Year 98%Dollar Rate 83 8th Year 98%
9th Year 98%10th Year 97%
Page 37 of 39
Loan Repayment Period (Years) 7.00 Long-term Loan 80%Nos. of Installment for loan repayment per y 4.00 Owner's Equity 20%Interest Rate on Long Term Loan 12% Bridge Financing 0%Interest Rate on Working Capital 12.00% Amount of Bridge Financing 0Commission Rate on W/C Finance 1.05%
Page 38 of 39
Annexure-IX.B
Annexure-XVII
Page 39 of 39
Annexure-XXI