ActivitiesSCHEDULE OF ACTIVITIES FOR THE INITIAL 4 MONTHS IN YEAR-1

Time20 Days20 Days20 Days20 Days20 Days20 DaysCompany RegistrationLand PurchaseApproval & Sanction LoanPlanning & Construction of plantMachine Ordering & InstallationTrial Runs & Product launchINITIAL GESTATION PERIOD : 4 MONTHS

RMRaw Materials1 year2year3year4year5yearSr. No.ParticularsQuantityUnit CostValue of Raw materialQuantityUnit CostValue of Raw materialQuantityUnit CostValue of Raw materialQuantityUnit CostValue of Raw materialQuantityUnit CostValue of Raw material1Freshly tapped Neera (litres)600,00084,800,000600,0008.85,280,000600,0009.685,808,000600,00010.656,390,000600,00011.717,026,0002Preservatives and Nutrients (bottles)1,680,0000.50840,0001,920,0000.50960,0002,040,0000.501,020,0002,160,0000.501,080,0002,160,0000.501,080,0003Packaging (bottles)1,680,00035,040,0001,920,00035,760,0002,040,00036,120,0002,160,00036,480,0002,160,00036,480,0004Transport (litres)600,00031,800,000600,0003.52,100,000600,00042,400,000600,0004.52,700,000600,00053,000,000Total12,480,00014,100,00015,348,00016,650,00017,586,000

CapitalExpCapital ExpeditureSR noParticularsUnitsUnit priceTotal cost1BuildingLand4000175700,000.00

Civil worksProcess area150010001,500,000.00Laboratory1501000150,000.00Office area1501000150,000.00Storage area100010001,000,000.00Utility area5001000500,000.00Workers amenity2001000200,000.00TOTAL35003,500,000.00TOTAL4,200,000.002Plant and MachineryQuick Chiller @2500lt,4deg C1400000400,000.00Filter(Microfilter )1200000200,000.00Storage tank 2500lt1200000200,000.00Industrial Centrifuge 300lph1800000800,000.00Interim storage tank 2500lt1200000200,000.00Pasteurisation unit 300lph,150degC1300000300,000.00Measurement instruments51000050,000.00Refrigirator,500ltr33000090,000.00Automatic filling machine1500000500,000.00Cap sealing machine1300000300,000.00Batch coding machine1200000200,000.00Electronic weighting machine12500025,000.00Diesel generator@62.5 KVA1700000700,000.00TOTAL193,965,000.00

3Office Furniture50,000.00

4Pumps,pipes and fittings200,000.00

5Installation and labour300,000.00Gross Block6MiscellaneousDesign,SS utensils,Exhaust fans500,000.008,515,000.00Electric fittings7Preliminary Expenses300,000.00

8Initial working capital exp5,165,338.09

Total Capital Expenditure9,215,000.00

PersonnelWagesSerial NumberLabourNumberUnit CostTotal Cost (Per Month)Total Cost (Per Annum Year 1)Unit Cost YR 2Total Cost (Per Annum Year 2)Unit Cost YR 3Total Cost (Per Annum Year 3)Unit Cost YR 4Total Cost (Per Annum Year 4)Unit Cost YR 5Total Cost (Per Annum Year 5)1Plant supervisor110,00010,000120,00011000132,00012000144,00013000156,00014000168,0002Machine operator510,00050,000600,00011000660,00012000720,00013000780,00014000840,0003Chemist110,00010,000120,00011000132,00012000144,00013000156,00014000168,0004Neera Tappers4010,000400,0004,800,000110005,280,000120005,760,000130006,240,000140006,720,000Sub Total475,640,0006,204,0006,768,0007,332,0007,896,000

PowerPower ConsumptionSr NoMachine NameNumber of machines(HP) connectedkW/Units per hourTotal working hours per dayRate per unit for 1st yearCost per day for 1st yearWorking days per yearTotal cost incurred in 1st yearRate per unit for 2nd yearTotal cost incurred in 2nd yearRate per unit for 3rd yearTotal cost incurred in 3rd yearRate per unit for 4th yearTotal cost incurred in 4th yearRate per unit for 5th yearTotal cost incurred in 5th year1Quick Chiller10.750.559586.529.0943008,7287.09,3397.510,0718.010,7768.511,4142Filter10.250.186586.59.6983002,9097.03,1137.53,3578.03,5928.53,8053Industrial centrifuge11511.1986.5581.880300174,5647.0186,7837.5201,4208.0215,5198.5228,2764Pasteurisation unit11.51.11986.558.18830017,4567.018,6787.520,1428.021,5528.522,8285Auotomatic Filling m/c12.51.86586.596.98030029,0947.031,1317.533,5708.035,9208.538,0466Cap sealing M/c121.49286.577.58430023,2757.024,9047.526,8568.028,7368.530,4377batch coding M/c10.250.186586.59.6983002,9097.03,1137.53,3578.03,5928.53,8058Refrigrator 500Ltr34.53.35786.5174.56430052,3697.056,0357.560,4268.064,6568.568,483TOTAL26.75311,305.80333,097.21359,199.00384,342.93407,092.20

SGASGASerial NumberLabourUnitsUnit CostTotal Cost (Per Month)Total Cost (Per Annum Year 1)Total Cost (Per Annum Year 2)Total Cost (Per Annum Year 3)Total Cost (Per Annum Year 4)Total Cost (Per Annum Year 5)1Selling & marketing exp. 3,016,944.00 3,454,992.00 3,671,496.00 3,887,496.00 3,888,000.002Office supplies 2,500.00 30,000.00 33,000.00 36,300.00 39,930.00 43,923.00Total Variable 3,046,944.00 3,487,992.00 3,707,796.00 3,927,426.00 3,931,923.00

1Watchman1 5,000.00 5,000.00 60,000.00 66,000.00 72,600.00 79,860.00 87,846.002Salesman2 7,000.00 14,000.00 168,000.00 184,800.00 203,280.00 223,608.00 245,968.803Project manager1 20,000.00 20,000.00 240,000.00 264,000.00 290,400.00 319,440.00 351,384.004Insurance 20,000.00 20,000.00 20,000.00 20,000.00 20,000.005Maintenance cost 15,000.00 16,500.00 18,150.00 19,965.00 21,961.506Office Assistant1 10,000.00 10,000.00 120,000.00 132,000.00 145,200.00 159,720.00 175,692.007Director's salary4 25,000.00 100,000.00 1,200,000.00 1,320,000.00 1,452,000.00 1,597,200.00 1,756,920.00Total fixed 1,823,000.00 2,003,300.00 2,201,630.00 2,419,793.00 2,659,772.30

Grand total 4,869,944.00 5,491,292.00 5,909,426.00 6,347,219.00 6,591,695.30

DepreciationDepreciation ScheduleDepreciation as per Companies Act 2013ParticularRateCost1st year(2015)2nd year3rd year4th year5th yearCivil work10.00%3,500,000.00350,000.00315,000.00283,500.00255,150.00229,635.00Plant & Machinery13.91%3,965,000.00551,531.50474,813.47408,766.91351,907.44302,957.11Office Furniture18.10%50,000.009,050.007,411.956,070.394,971.654,071.78Depreciation910,581.50797,225.42698,337.30612,029.08536,663.89Depreciation as per IT actParticularRateCost1st year(2015)2nd year3rd year4th year5th yearCivil work10.00%3,500,000.00350,000.00315,000.00283,500.00255,150.00229,635.00Plant & Machinery15.00%3,965,000.00594,750.00505,537.50429,706.88365,250.84310,463.22Office Furniture10.00%50,000.005,000.004,500.004,050.003,645.003,280.50Depreciation949,750.00825,037.50717,256.88624,045.84543,378.72

Means of financeSources of FinanceFixed assests financingTotal of Owner's CapitalParticularsPercentageAmountOwner's Capital30% of FA2,764,500fixed assest financing2,764,500Preliminary Expenses300,000WC financing1,291,335Term loan70% of FA6,450,500Total4,355,835

Total9,215,0002,355,835

Working capital financingParticulars1st year2nd year3rd year4th year5th year

Cash credit3,874,0046,398,127000

Owner's contribution1,291,3350000

Total5,165,3386,398,127000

WCWorking Capital RequirementSerial NumberParticularsPeriod(days)Year 1(70 % Capacity)Year 2(80% Capacity)Year 3(85% Capacity)Year 4(90% Capacity)Year 5(90% Capacity)1Current AssetsRaw Material 141,60047,00051,16055,50058,620Finished Goods7502,331563,083611,020695,914695,824Debtors151,508,4721,723,9681,831,7161,939,4641,939,464Cash3,736,9354,769,0764,983,6726,686,7517,238,921Total5,789,3387,103,1277,477,5689,377,6299,932,8292Current LiabilitiesCreditors15624,000705,000767,400832,500879,300Total624,000705,000767,400832,500879,300

Net Working Capital Requirement5,165,3386,398,1276,710,1688,545,1299,053,529

Bank finance(maximum 75%)at 14%3,874,0046,398,1270.00.00.0Owner's contribution(25%)1,291,3350.00.00.00.0

Interest on working capital14%542,360895,7380.00.00.0

Projected RevenueRevenue Projection Total Capacity (100%)2,400,000.00unitsYear12345Rate per unit18.0018.0018.0018.0018.00Capacity Utilization70.00%80%85%90%90%Total units sold1,676,0801,919,4402,039,7202,159,7202,160,000Total Sales (Rs)30,169,44034,549,92036,714,96038,874,96038,880,000

Estimated production in units1,680,0001,920,0002,040,0002,160,0002,160,000Per day production(@250ml Bottles)5,6006,4006,8007,2007,200Closing stock of units for the year3,9204,4804,7605,0405,040Total units sold1,676,0801,915,5202,035,2402,154,9602,154,960

BEPBreak Even PointMARGINAL COSTINGParticularsYear 1Year 2Year 3Year 4Year 5Totalper unitTotal per unitTotal per unitTotalper UnitTotalper UnitR.M.12,480,0007.44614,100,0007.34615,348,0007.52516,650,0008.14317,586,0008.142Labour5,640,0003.3656,204,0003.2326,768,0003.3187,332,0003.6567,896,0003.656Electricity311,3060.186333,0970.174359,1990.176384,3430.19407,0920.188Overheads3,046,9441.8183,487,9921.8173,707,7961.8183,927,4261.8213,931,9231.820Total variable cost21,478,25012.81524,125,08912.56926,182,99512.83728,293,76913.80829,821,01513.806S.P.18.00018.00018.00018.00018.000Contribution8,691,1905.18510,424,8315.43110,531,9655.1639,053,9454.1929,058,9854.194Total Contribution8,691,190.2010,424,830.7910,531,965.009,053,944.809,058,984.80Fixed Cost11,112,06010,226,9679,473,2598,838,2738,311,411BEP (Period)1 year 3months 10 days

CostSheetCost Sheet

ParticularsAmount per year 1 (in Rs.)Amount per year 2 (in Rs.)Amount per year 3 (in Rs.)Amount per year 4 (in Rs.)Amount per year 5 (in Rs.)Opening Stock of Raw Materials00000AddPurchase of Raw Material12,480,00014,100,00015,348,00016,650,00017,586,000LessClosing Stock of Raw Materials00000RAW MATERIAL CONSUMED12,480,00014,100,00015,348,00016,650,00017,586,000AddDirect Wages5,640,0006,204,0006,768,0007,332,0007,896,000PRIME COST18,120,00020,304,00022,116,00023,982,00025,482,000AddFactory Overheads1,221,887797,2251,031,435612,029895,863

Addopening WIP00000LessClosing WIP00000WORKS COST/Factory cost19,341,88721,101,22523,147,43524,594,02926,377,863AddAdministration Overheads00000COST OF PRODUCTION19,341,88721,101,22523,147,43524,594,02926,377,863AddOpening Stock of Finished Goods0LessClosing Stock of Finished Goods502,331563,083611,020695,914695,824COST OF GOODS SOLD18,839,55620,538,14222,536,41423,898,11525,682,039AddSGA4,869,9445,491,2925,909,4266,347,2196,591,695COST OF SALES23,709,50026,029,43428,445,84030,245,33432,273,735SALES 30,169,44034,549,92036,714,96038,874,96038,880,000

Debt ServicingRepayment Schedule

Term LoanInterest6,450,50012.00%

YearInterestLoan yet to be repaidPrincipal repayment1774,0605,160,4001,290,1002619,2483,870,3001,290,1003464,4362,580,2001,290,1004309,6241,290,1001,290,1005154,8120.01,290,100YearShort term loan (1 yr)Interest rateInterest payment13,874,00414%542,36026,398,12714%895,73830.014%0.040.014%0.050.014%0.0

FCFixed Cost Schedule as per Companies ActSr NoParticularsYear 1Year 2Year 3Year 4Year 51Gross Block8,515,0007,604,418.506,807,193.086,108,855.785,496,826.702Accured Depreciation910,581.50797,225.42698,337.30612,029.08536,663.893Net Block7,604,418.506,807,193.086,108,855.785,496,826.704,960,162.80Fixed Cost Schedule as per Income Tax ActSr NoParticularsYear 1Year 2Year 3Year 4Year 51Gross Block8,515,0007,565,250.006,740,212.506,022,955.635,398,909.782Accured Depreciation949,750.00825,037.50717,256.88624,045.84543,378.723Net Block7,565,250.006,740,212.506,022,955.635,398,909.784,855,531.06

CashFlowPROJECTED CASH FLOW STATEMENT

Year 1Year 2Year 3Year 4Year 5Net profit before tax4,999,3516,037,2597,086,5807,202,6225,585,932add: Transfer to Reserve0.00.00.00.00.0Adjustment for:add: Depreciation949,750825,038717,257624,046543,379Add: Preliminary Expense60,00060,00060,00060,00060,000add: Interest on Term Loan774,060619,248464,436309,624154,812add: Interest on Working Capital Loan542,360895,7380.00.00.0

Operating profit before working capital changes7,325,5218,437,2838,328,2728,196,2926,344,122

Working capital changes:Trade receivables(-)1,508,4721,723,9681,831,7161,939,4641,939,464.00Inventories(-)502,331563,083611,020695,914695,823.69Trade payables(+)624,000705,000767,400832,500879,300Cash generated from operating activities:5,938,7186,855,2326,652,9366,393,4144,588,135Direct tax paid(-)1,544,7991,865,5132,189,7532,225,6101,726,053

Net cash flow from operating activities4,393,9194,989,7184,463,1834,167,8042,862,082

Cash flow from investing activities:Purchase of fixed assets(-)8,515,0000.00.00.00.0Sale of fixed assets (+)0.00.00.00.00.0Preliminary expenses (-)60,00060,00060,00060,00060,000

Net cash flow from investing activities-8,575,000-60,000-60,000-60,000-60,000

Cash flow from financing activites:Term Loan (+)6,450,5000.00.00.00.0Cash Credit Loan (+)3,874,0042,524,1230.00.0Promoter's Funds (+)2,000,0000.00.00.00.0Loan from Promoters (+)2,355,8350.00.00.00.0Loan Repaid to promoters (-)0.02,355,8350.00.00.0Cash Credit Loan Repaid (-)0.00.06,398,1270.00.0Loan Repayment(-)1,290,1001,290,1001,290,1001,290,1001,290,100Interest on Term Loan(-)774,060619,248464,436309,624.00154,812Interest on Working Capital Loan(-)542,360895,7380.00.00.0Dividend paid (-)600,000600,000700,000700,000700,000DDT (-)90,00090,000105,000105,000105,000

Net cash flow from financing activities11,383,818-3,326,797-8,957,663-2,404,724-2,249,912

Total7,202,7361,602,921-4,554,4801,703,080552,170Cash at beginning of the year (+)0.07,202,7368,805,6584,251,1785,954,257New Cash Credit (for WC) (+)0.00.0Previous Cash Credit (for WC) (-)0.00.0Total7,202,7368,805,6584,251,1785,954,2576,506,427

P&L PROJECTED PROFIT AND LOSS ACCOUNT

SR.NOPARTICULARSYear 1Year 2Year 3Year 4Year 51INCOMESales30,169,44034,549,92036,714,96038,874,96038,880,000Closing Stock of Finished Goods502,331563,083611,020695,914695,824Total30,671,77135,113,00337,325,98039,570,87439,575,8242EXPENDITUREOpening Stock of Finished Goods0502,331563,083611,020695,914Raw Materials12,480,00014,100,00015,348,00016,650,00017,586,000Wages5,640,0006,204,0006,768,0007,332,0007,896,000Power311,306333,097359,199384,343407,092SGA4,869,9445,491,2925,909,4266,347,2196,591,695Preliminary Expense written off as per IT Act60,00060,00060,00060,00060,000

Audit & Legal Fees45,00045,00050,00050,00055,000Total23,406,25026,735,72029,057,70831,434,58233,291,7013PROFIT BEFORE INTEREST, DEP and TAX.7,265,5218,377,2838,268,2728,136,2926,284,122Depreciation949,750825,038717,257624,046543,379PROFIT BEFORE INTEREST and TAX.6,315,7717,552,2457,551,0167,512,2465,740,7444less: Interest on term loan774,060619,248464,436309,624154,812less: Interest on WC542,360895,7380005PROFIT BEFORE TAX4,999,3516,037,2597,086,5807,202,6225,585,932Tax(30.9%)1,544,7991,865,5132,189,7532,225,6101,726,0536PROFIT AFTER TAX3,454,5524,171,7464,896,8264,977,0123,859,8797DIVIDEND600,000600,000700,000700,000700,0008DDT (@15%)90,00090,000105,000105,000105,0009TRANSFER TO RESERVES AND SURPLUS863,6381,042,9371,224,2071,244,253964,97010 Net Profit1,900,9142,438,8102,867,6202,927,7592,089,909

CapitalBudgetingWACC CalculationYear1Year2year3year4year5ParticularsCostAmountWACCAmountWACCAmountWACCAmountWACCAmountWACCEquity16%4,355,83511.40%2,000,00010.44%2,000,00010.92%2,000,00011.66%2,000,00012.98%Debt8.29%6,450,5005,160,400.00387030025802001290100

NET PRESENT VALUE (NPV) CALCULATION (DISCOUNTED PAYBACK PERIOD)PAYBACK PERIOD CALCULATIONYear CFATDepreciationCFAT + Dep.DF (1/(1+WACC))PVCFYear CFATDepreciationCFAT + Dep.CFCumulative CF0-9,215,000-9,215,0001.00-9,215,0000-9,215,0000.0-9,215,000-9,215,000-9,215,00013,454,552949,7504,404,3020.903,953,62913,454,552949,7504,404,3024,404,3024,404,30224,171,746825,0384,996,7840.824,096,36624,171,746825,0384,996,7844,996,7849,401,08534,896,826717,2575,614,0830.734,114,06934,896,826717,2575,614,0835,614,08315,015,16944,977,012624,0465,601,0570.643,603,41244,977,012624,0465,601,0575,601,05720,616,22653,859,879543,3794,403,2570.542,392,28553,859,879543,3794,403,2574,403,25725,019,483Present value of cash inflows18,159,761Present value of cash inflows25,019,483NPV8,944,761NPV15,804,483

Discounted pay-back period1 Year 5 months 26 daysPayback Period1 year 4 monthsProfitability Index1.97

BS

In Rs.YearsYear 1Year 2Year 3Year 4Year 5EQUITY AND LIABILITIESShareholders fundsShare capital2,000,0002,000,0002,000,0002,000,0002,000,000Reserves and surplus863,6381,906,5743,130,7814,375,0345,340,004By P&L Balance (Net Profit)1,900,9144,764,5524,339,7238,246,2987,207,34312,338,12410,135,10216,510,13612,225,01119,565,014

Non-current liabilitiesLong-term borrowings5,160,4003,870,3002,580,2001,290,1000.0Other long-term liabilities2,355,8350.00.00.00.0Long-term provisions0.07,516,2353,870,3002,580,2001,290,1000.0

Current liabilitiesShort-term borrowings3,874,0046,398,1270.00.00.0Trade payables624,0001,329,0002,096,4002,928,9003,808,200Other current liabilities0.00.00.00.00.0Short-term provisions4,498,0047,727,1272,096,4002,928,9003,808,200

TOTAL16,778,79019,843,72417,014,72420,729,13623,373,214

ASSETS

Non-current assetsFixed assets Tangible assets7,565,2506,740,2136,022,9565,398,9104,855,531 Intangible assets0.00.00.00.00.0 Capital work-in-progress0.00.00.00.00.0 Intangible assets under development0.00.00.00.00.0

Non-current investments0.00.00.00.00.0Long-term loans and advances0.0Other non-current assets0.07,565,2506,740,2136,022,9565,398,9104,855,531

Current assetsCurrent investments0.0Inventories502,3311,065,4141,676,4352,372,3493,068,172Trade receivables1,508,4723,232,4405,064,1567,003,6208,943,084Cash and bank balances7,202,7368,805,6584,251,1785,954,2576,506,427Loss (Current Year)0.0By P&L Balance (Net Loss)0.09,213,54013,103,51210,991,76915,330,22618,517,683

TOTAL16,778,79019,843,72417,014,72420,729,13623,373,214

0.00.00.00.00.00.0

ShareholdingSHAREHOLDING PATTERNDIVIDEND PAYOUTParticularsAmountYear 1Year 2Year 3Year 4Year 5Total equity (Rs.)2,000,000Face value of each share (Rs.)1Dividend per promoter150,000150,000175,000175,000175,000Total shares2,000,000Total dividend payout600,000600,000700,000700,000700,000Number of promoters4Shares per promoter500,000

RatiosFUNDAMENTALSRatiosYear 1Year 2Year 3Year 4Year 5Debt-equity 2.37Interest coverage ratio2.212.232.842.963.05Current ratio9.2810.089.7411.2611.30Inventory turnover0.020.020.020.020.02COP/InventoryDebtors turnoversales/receivablesWorking capital turnoverNet Sales/Working capital requirementFixed assets turnoverNet Sales/ Net blockNet Block= Tangible AssetsOperating profit marginOperating Profit/Net SalesEBIT marginEBIT/Net SalesNet profit marginEAT/Net SalesReturn on equityEAT/Share CapitalReturn on net worthEAT/Share holder's fundsReturn on investmentEAT/Sources of Funds