cold_storage.xls

Goyal & AssociatesIn front P.N.B., PACHORE- 465683Distt.-Rajgarh (Biaora) M.P.: 97523 94354/ 98269 08751Email: [email protected]@yahoo.co.in

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

LIST OF ANNEXURES

S. No. DESCRIPTION

1 COST OF THE PROJECT & MEANS OF FINANCE

2

3 DETAILS OF MISC. FIXED ASSETS

4 DETAILS OF PRE-OPERATIVE EXPENSES

5 ESTIMATES OF PROBABLE PROFITS

6 PROJECTED REVENUE REALISATION

7 MANPOWER AND ANNUALSALARIES

8 ESTIMATES OF ANNUAL POWER, WATER AND FUEL EXPENSES

9 ESTIMATES OF ANNUAL REPAIR & MAINTENANCE EXPENSES

10 ESTIMATES OF FINANCIAL CHARGES

11 ESTIMATES OF DEPRECIATION

12 COMPUTATION OF INCOME TAX LIABILITY

13 ESTIMATION OF DEBT SERVICE COVERAGE RATIO

14 PROJECTED CASH FLOW STATEMENT

15 PROJECTED BALANCE SHEET STATEMENT

16 YEAR WISE BREAK EVEN ANALYSIS

17 ESTIMATES OF INTERNAL RATE OF RETURN

18 IMPORTANT RATIOS / KEY FINANCIAL PARAMETERS

19 CMA DATA

ESTIMATES OF LAND, SITE DEVELOPMENT, BULDING AND OTHER CIVIL WORKS

Goyal & AssociatesIn front P.N.B., PACHORE- 465683Distt.-Rajgarh (Biaora) M.P.: 97523 94354/ 98269 08751Email: [email protected]@yahoo.co.in

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

LIST OF ANNEXURES

ANNEXURE No.

ANNEXURE-A

ANNEXURE-B

ANNEXURE-C

ANNEXURE-D

ANNEXURE-E

ANNEXURE-F

ANNEXURE-G

ANNEXURE-H

ANNEXURE-I

ANNEXURE-J

ANNEXURE-K

ANNEXURE-L

ANNEXURE-M

ANNEXURE-N

ANNEXURE-O

ANNEXURE-P

ANNEXURE-Q

ANNEXURE-R

ANNEXURE-S

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

Goyal & Associates

ANNEXURE - A

COST OF THE PROJECT & MEANS OF FINANCE(Rs. in lacs.)

S.No. DESCRIPTION AMOUNT

A. COST OF PROJECT

A.1 LAND OWNED

A.2 BUILDING & SITE DEVELOPMENT 180.00

COLD STORAGE (5390 MT) 180.00

Total Cost of Construction 180.00

A.3 MISC. FIXED ASSETS 220.00

A.4 CONTENGENCIES @ 1% 4.00

A.5 PRE-OPERATIVE EXP. 28.32

TOTAL (A) 400.00

B. MEANS OF FINANCE

B.1 EQUITY :

B.1.a PROMOTER CONTRIBUTION 17% 69.00

B.2 DEBT :

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

(Maximum Subsidy restricted Rs.120.00 lacs)

Susidy From Central Govt. @ 55%

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

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

(From SFCA/Venture Capital Fund)

TOTAL (B1+B2) 400.00

DEBT EQUITY RATIO 4.80

We are avail facility of Govt. of India, “VENETURE CAPITAL SCHEME

FOR AGRIBUSINEE DEVLOPMENT” as under-

Small farmer’s Agri-Business Consortium (SFCA) would provide venture capital to qualifying

projects on the recommendations of the bank financing the project.

(SUBSIDY: 5000 MT @ 6000/- PMT = Rs. 300.00 LACS @ 55% SUBSIDY Rs. 165.00 LACS.)


Goyal & Associates

ANNEXURE - B

ESTIMATES OF LAND, SITE DEVELOPMENT, BUILDING OF COLD STORAGE

(Figures in lacs.)

S.No. DESCRIPTION WITH SPECIFICATION SIZE

LENGTH WIDTH(IN MTRS.)

1 LAND OWNED

2 SITE DEVELOPMENT 7.00

2 BUILDING & OTHER CIVIL WORKS

Chambers (Four) with RCC Racks 105.00

Verandah Loading Unloading 17.00

Machine Room 7.00

Hammal Quarters and Office 7.00

Total Estimated Cost of Construction 136.00

Add: Cost of Wodden Log Structure 37.00

Total Estimated Cost of Buildings 173.00

TOTAL OF ANNEXURE--B 180.00

AREA IN SQMTRS.

RATE/UNIT

TOTAL AMOUNT


Goyal & Associates

ANNEXURE - C

DETAILS OF PLANT & MACHINERY WITH MISC. FIXED ASSETS(Ancillary Trading Facilities as per scheme)

(Figures in lacs.)

S.No. DESCRIPTION WITH SPECIFICATION TOTAL AMOUNT

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

1 Plant & Machineries 91.00

2 Industrial Electrification 15.00

3 Insulation Work 101.00

TOTAL (A) 207.00

(B) Other Misc. Fixed Assets :

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

2 Matrial Lift 5.00

TOTAL (B) 13.00

TOTAL ASSETS (A+B) 220.00


Goyal & Associates

ANNEXURE - D

DETAILS OF PRE-OPERATIVE EXPENSES

(Figures in lacs.)

S.No. PARTICULARS TOTAL AMOUNT

1 Consultancy Fee 0.50

2 Interest During Construction Period 23.07

3 Testing & Trial Run Expenses 0.25

4 Salary During Construction Period 1.00

5 Deposits and Margins 3.50

TOTAL 28.32

TOTAL PRE-OPERATIVE EXPENSES 28.32

ACTUAL PRE-OP. EXP. (ADJUSTED WITH PROFIT IN 5.66NEXT 5 YEARS)


Goyal & Associates

ANNEXURE - E

PROFITABILITY PROJECTIONS(SUBSISY NOT CONSIDERED PART OF DEBT)

(Figures in lacs.)

PARTICULARS O P E R A T I N G Y E A R S

1st YEAR 2nd YEAR 3rd YEAR 4th YEAR 5th YEAR 6th YEAR 7th YEAR

2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21

INSTALLED CAPACITY (MT/Annum) 5390 5390 5390 5390 5390 5390 5390

STORAGE OF DIFF. SPICES,

VEGITABLES, FRUITS

STORAGE CAPACITY UTILISATION 75% 75% 80% 80% 85% 85% 85%

AS % OF TOTAL CAPACITY

ESTIMATED STORAGE (MT/Annum)- 145.53 145.53 155.23 155.23 164.934 164.934 164.934

RENTAL COLLECTIBLE

TOTAL INCOME (A) 145.53 145.53 155.23 155.23 164.93 164.93 164.93

OPERATING EXPENSES :

AMMONIA COST & FREEZE OIL 0.30 0.32 0.35 0.37 0.41 0.43 0.46

POWER COST 7.93 8.17 8.98 9.25 10.12 10.42 10.74

SALARY & WAGES 6.00 6.60 7.26 7.99 8.78 9.66 10.63

REPAIRS & MAINTANANCE 0.40 0.44 0.48 0.53 0.59 0.64 0.71

INSURANCE 0.50 0.50 0.50 0.50 0.50 0.50 0.50

SUB TOTAL 15.13 16.03 17.57 18.64 20.40 21.66 23.03

ADMINISTRATIVE EXPENSES 0.30 0.33 0.36 0.40 0.44 0.48 0.53

TOTAL OPERATIVE EXPENCES (B) 15.43 16.36 17.94 19.03 20.84 22.15 23.56

OPERATING PROFIT (A-B) 130.10 129.17 137.29 136.20 144.09 142.79 141.37

INTEREST ON TERM LOAN 37.59 31.92 26.24 20.57 14.89 9.22 3.55

DEPRIECIATION 51.00 44.25 38.42 33.39 29.04 25.27 22.01

PRE. EXP. (WRITTEN OFF) 0.00 0.00 0.00 0.00 0.00 0.00 0.00SUB TOTAL 88.59 76.17 64.67 53.96 43.93 34.49 25.56

NET PROFIT BEFORE TAX (NPBT) 41.50 53.01 72.63 82.24 100.16 108.29 115.81

TAX LIABILITY 7.80 10.10 14.03 15.95 19.53 21.16 22.66

NET PROFIT AFTER TAX (NPAT) 33.70 42.90 58.60 66.29 80.63 87.14 93.15

ADD: DEPRECIATION (WDV) 51.00 44.25 38.42 33.39 29.04 25.27 22.01

CASH AVAILABLITY FOR LIQUDATION- 84.70 87.15 97.03 99.68 109.66 112.41 115.16 OF LOANS

DSCR 1: 2.10 3.25 1.50 1.68 1.77 2.00 2.15 2.34

AVERAGE DSCR 2.10

B.E.P. 63% 51%

DIVIDEND/WIDRAWALS 10.11 12.87 17.58 19.89 24.19 26.14 27.95

RESERVE & SURPLUS 23.59 53.63 94.65 141.05 197.49 258.49 323.69


Goyal & Associates

ANNEXURE - F

PROJECTED REVENUE REALISATION

Total Storage Capicity of the Cold Storage - 5390 Tonnes

(Figures in lacs.)

S.No. PARTICULARS

1 Vegetables, Fruits & 100% 5390 300.00 194.04

Potot etc.

5390 194.04

Storage Space

(%)

Storage in Tonnes

Rate/Tonnes

(Rs.)

Rental Income

REVENUE AT 100% CAPACITY UTILIZATION OF THE AVAILABLE STORAGE (Chamberwise)


Goyal & Associates

ANNEXURE - G

MANPOWER AND ANNUAL SALARIES

(Figures in lacs.)

S.No. CATEGORY

1 Manager 1 12000 0.120

2 Plant Operators 1 10000 0.100

3 Helpers/Assistants 1 7000 0.070

4 Accountants 1 6000 0.060

5 Other Adminstrative Staff 1 5000 0.050

6 Security Staff 2 5000 0.100

TOTAL 7 45000 0.50

TOTAL MANPOWER COST/ANNUM 0.50

NOS. REQUIRED

SALARY/MONTH

MONTHLYL SALARY


Goyal & Associates

ANNEXURE - G

MANPOWER AND ANNUAL SALARIES

1.44

1.20

0.84

0.72

0.60

1.20

6.00

6.00

ANNUAL SALARY


Goyal & Associates

ANNEXURE - H

ESTIMATES OF ANNUAL POWER, WATER AND FUEL EXPENSES(Figures in lacs.)


A. POWER

A.1 TOTAL POWER LOAD 100 75

A 2. UTILISATION (KWH) 40

A 3. LOAD FACTOR 70%

A 4. HOURS OF OPERATION PER DAY 18

A 5. TOTAL POWER CONSUMPTION PER DAY (KWH) 504

A 6. DAYS OF OPERATION 365

A 7. TOTAL POWER CONSUMPTION PER ANNUM (UNITS) 183960

A.6 ANNUAL PERCENTAGE INCREASE IN POWER COST 3%

B. USES OF POWR

USAGES OF POWER 75.00% 25.00% 100.00%

UNITS SUPPLIED 137970 45990 183960

COST PER UNIT (IN Rs.) 5.50 6.50

ANNUAL POWER COST 7.59 2.99

10.58

Power Cost at 100% Capacity Utilisation (In Rs Lakhs)

Year 1 10.58Year 2 10.90Year 3 11.22Year 4 11.56Year 5 11.91Year 6 12.26Year 7 12.63Year 8 13.01Year 9 13.40

Year 10 13.80

CONNECTED H.P.

LOAD IN K.W.

ELECT. BOARD

GENSET POWER

TOTAL POWER

TOTAL POWER EXP. PER ANNUM AT 100% CAPACITY


Goyal & Associates

ANNEXURE - I

ESTIMATES OF ANNUAL REPAIR & MAINTENANCE EXPENSES(Figures in lacs.)


A. BUILDINGS

1st YEAR 180.00 0.1% 0.18

2nd YEAR 180.00 0.1% 0.18

3rd YEAR 180.00 0.1% 0.18

4th YEAR & ONWARDS 180.00 0.1% 0.18

B. MACHINERY

1st YEAR 220.00 0.1% 0.22

2nd YEAR 220.00 0.1% 0.22

3rd YEAR 220.00 0.1% 0.22

4th YEAR & ONWARDS 220.00 0.1% 0.22

1st YEAR 0.40

2nd YEAR 0.40

3rd YEAR 0.40

4th YEAR & ONWARDS 0.40

TOTAL EXP. PER ANNUM AT 100% CAPACITY (A+B)


Goyal & Associates

ANNEXURE - J

ESTIMATES OF FINANCIAL CHARGES(Figures in lacs.)

TERM LOAN Rs. 331.00 RATE OF INTEREST @ 12.00%INTEREST CHARGE IN MONTHLY BASIS

INTEREST

S.No. YEAR/QTR. INSTALMENTS QTLY. ANNUAL

1 I 100.00 0.00 100.00 3.00

(2013-14) II 200.00 0.00 200.00 6.00(CONT. III 331.00 0.00 331.00 9.93

PERIOD) IV 331.00 0.00 331.00 9.93

0.00 28.86 28.86

2 I 331.00 11.82 319.18 9.93

(2014-15) II 319.18 11.82 307.36 9.58

III 307.36 11.82 295.54 9.22

IV 295.54 11.82 283.71 8.87

47.29 37.59 37.59

3 I 283.71 11.82 271.89 8.51

(2015-16) II 271.89 11.82 260.07 8.16

III 260.07 11.82 248.25 7.80

IV 248.25 11.82 236.43 7.45

47.29 31.92 31.92

4 I 236.43 11.82 224.61 7.09

(2016-17) II 224.61 11.82 212.79 6.74

III 212.79 11.82 200.96 6.38

IV 200.96 11.82 189.14 6.03

47.29 26.24 26.24

5 I 189.14 11.82 177.32 5.67

(2017-18) II 177.32 11.82 165.50 5.32

III 165.50 11.82 153.68 4.97

IV 153.68 11.82 141.86 4.61

47.29 20.57 20.57

6 I 141.86 11.82 130.04 4.26

(2018-19) II 130.04 11.82 118.21 3.90

III 118.21 11.82 106.39 3.55

IV 106.39 11.82 94.57 3.19

47.29 14.89 14.89

7 I 94.57 11.82 82.75 2.84

(2019-20) II 82.75 11.82 70.93 2.48

III 70.93 11.82 59.11 2.13

IV 59.11 11.82 47.29 1.77

47.29 9.22 9.22

8 I 47.29 11.82 35.46 1.42

(2020-21) II 35.46 11.82 23.64 1.06

III 23.64 11.82 11.82 0.71

IV 11.82 11.82 0.00 0.35

47.29 3.55 3.55

OPENING BLANACE

CLOSING BALANCE


Goyal & Associates

TOTAL 331.00 172.85 172.85


Goyal & Associates

ANNEXURE - K

ESTIMATES OF DEPRECICATION(Figures in lacs.)

S.No. PARTICULARS

1 ESTIMATED COSTS 180.00 220.00 400.00

2 CONTINGENCIES @ 1.0% 1.80 2.20 4.00

TOTAL 181.80 222.20 404.00

A)

RATE OF DEPRECIATON 10.00% 15.00%

AMOUNT PER YEAR 18.18 33.33 51.51

B)

RATE OF DEPRECIATION 10% 15% TOTAL DEP.

DEPRECIATION DURING YEARS

I 18.18 33.33 51.51

II 16.36 28.33 44.69

III 14.73 24.08 38.81

IV 13.25 20.47 33.72

V 11.93 17.40 29.33

VI 10.74 14.79 25.52

VII 9.66 12.57 22.23

VIII 8.70 10.68 19.38

IX 7.83 9.08 16.91

X 7.04 7.72 14.76

XI 6.34 6.56 12.90

BUILDING & SITE DEV.

OTHER ASSETS PLANT &

MECH.

TOTAL ASSETS

DEP. WITH STRAIGHT LINE METHOD (SLM)

DEP. WITH WRITTEN DOWN VALUE METHOD (WDV)


Goyal & Associates

ANNXURE- K (1)

DEPRECIATION SCHEDULE AS PER IT PURPOSE (WDV)

(Figures in lacs.)

ASSETS COSTS RATE 1st YEAR 2nd YEAR 3rd YEAR 4th YEAR 5th YEAR 6th YEAR 7th YEAR

BUILDING 180.00 10.00%

GROSS BLOCK 180.00 162.00 145.80 131.22 118.10 106.29 95.66

DEPRECIATION 18.00 16.20 14.58 13.12 11.81 10.63 9.57

NET BLOCK 162.00 145.80 131.22 118.10 106.29 95.66 86.09

PLANT & MACHINERY 220.00 15.00%

GROSS BLOCK 220.00 187.00 158.95 135.11 114.84 97.62 82.97

DEPRECIATION 33.00 28.05 23.84 20.27 17.23 14.64 12.45

NET BLOCK 187.00 158.95 135.11 114.84 97.62 82.97 70.53

TOTAL DEPRECIATION 51.00 44.25 38.42 33.39 29.04 25.27 22.01

ACCUMALATED DEPRECIATIION 51.00 95.25 133.67 167.06 196.10 221.37 243.38


Goyal & Associates

ANNEXURE - L

COMPUTATION OF INCOME TAX LIABILITY

(Figures in lacs.)

S.No. PARTICULARS O P E R A T I N G Y E A R S

I II III IV V VI VII

1 PROFIT BEFORE TAX (NPBT) 41.50 53.01 72.63 82.24 100.16 108.29 115.81

2 BALANCE 41.50 53.01 72.63 82.24 100.16 108.29 115.81

3 LESS : B\F LOSSES 0 0 0 0 0 0 0

4 NET BALANCE 41.50 53.01 72.63 82.24 100.16 108.29 115.81

5 DEDUCTION

5.1 UNDER SEC 80 I @ 20% 8.30 10.60 14.53 16.45 20.03 21.66 23.16

5.2 UNDER SEC 80 HH 0 0 0 0 0 0 0

TOTAL 8.30 10.60 14.53 16.45 20.03 21.66 23.16

6 NET TAXABLE INCOME 33.20 42.40 58.10 65.79 80.13 86.64 92.65

7 TAX APPLICABLE @ 7.80 10.10 14.03 15.95 19.53 21.16 22.66

OF 25%


Goyal & Associates

ANNEXURE - M

ESTIMAITON OF DEBT SERVICE COVERAGE RAITO

(Figures in lacs.)



A. SERVICES :

1 NET PROFIT AFTER TAX 33.70 42.90 58.60 66.29 80.63 87.14 93.15

2 DEPRECIATION (WDV) 51.00 44.25 38.42 33.39 29.04 25.27 22.01

3 INTEREST ON TERM LOAN 37.59 31.92 26.24 20.57 14.89 9.22 3.55

4 PRELIMINARY EXPENSES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL 122.30 119.07 123.27 120.25 124.56 121.63 118.71

B. DEBT :

1 INSTALMENT OF TERM LOAN 0.00 47.29 47.29 47.29 47.29 47.29 47.29


TOTAL 37.59 79.20 73.53 67.86 62.18 56.51 50.83

C. DEBT SERVICE COVERAGE RATIO 3.25 1.50 1.68 1.77 2.00 2.15 2.34

D. AVERAGE D.S.C.R. 1: 2.10


ANNEXURE - N

PROJECTED CASH FLOW STATEMENT

(Figures in lacs.)

S.No. PARTICULARS CONST. O P E R A T I N G Y E A R S

PERIOD I II III IV V VI VII

A. SOURCE OF FUND

1 NET PROFIT BEFORE TAX & INTT. 79.10 84.92 98.87 102.81 115.06 117.52 119.36

2 PROMOTER CONTRIBUTION 69.00 0 0 0 0 0 0 0

3 TERM LOAN (INCLUDING SUBSIDY) 331.00 0 0 0 0 0 0 0

5 DEPRECIATION 51.00 44.25 38.42 33.39 29.04 25.27 22.01

6 APPORTION OF PRELIMINARY EXP. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL 400.00 130.10 129.17 137.29 136.20 144.09 142.79 141.37

B. APPLICATION OF FUNDS

1 GROSS BLOCK 400.00 0 0 0 0 0 0 0

2 INCOME IN CURRNET ASSETS 0 0 0 0 0 0 0

3 REPAYMENT ON TERM LOAN 0.00 47.29 47.29 47.29 47.29 47.29 47.29


5 INTEREST ON WORKING CAPITAL 0 0 0 0 0 0 0

6 TAX LIABILITY 7.80 10.10 14.03 15.95 19.53 21.16 22.66

7 DIVIDEND/WITHDRAWAL 10.11 12.87 17.58 19.89 24.19 26.14 27.95

8 RESRVE 0.00

TOTAL 400.00 55.50 102.18 105.14 103.69 105.90 103.81 101.44

C. NET SURPLUS / DEFICIAT 74.59 27.00 32.16 32.51 38.19 38.98 39.93

D. CUMULATIVE SURPLUS / DEFICIAT 74.59 101.59 133.75 166.26 204.45 243.43 283.36


Goyal & Associates

ANNEXURE - O

PROJECTED BALANCE SHEET STATEMENT

(Figures in lacs.)



A. LIABILITIES :

1 PROMOTER CONTRIBUTION 69.00 69.00 69.00 69.00 69.00 69.00 69.00

2 RESERVE & SURPLUS 23.59 53.63 94.65 141.05 197.49 258.49 323.69

3 LONG TERM LOAN 283.71 236.43 189.14 141.86 94.57 47.29 0.00

4 CURRENT LIABILITY 47.29 47.29 47.29 47.29 47.29 47.29 47.29

4 SUBSIDY (INTT. FREE LOAN) 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL 423.59 406.34 400.08 399.19 408.35 422.06 439.98

B. ASSETS :

1 GROSS BLOCK 400.00 400.00 400.00 400.00 400.00 400.00 400.00

2 LESS : DEPRECIATION 51.00 95.25 133.67 167.06 196.10 221.37 243.38

3 NET BLOCK 349.00 304.75 266.33 232.94 203.90 178.63 156.62

4 CASH & BANK BALANCE 74.59 101.59 133.75 166.26 204.45 243.43 283.36

5 OTHER CURRENT ASSETS 0 0 0 0 0 0 0

6 PRE-OPERATIVE EXP.(NOT W/O 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL 423.59 406.34 400.08 399.19 408.35 422.06 439.98


Goyal & Associates

ANNEXURE - P

YEAR WISE BREAK EVEN ANALYSIS

S.No. PARTICULARS OPERATIVE YEARS

II III

1 SALES 145.53 155.23

2 CHANGE IN STOCKS 0 0

TOTAL INCOME 145.53 155.23

VARIABLE EXPENSES

1 AMMONIA COST & FREEZE OIL 0.32 0.35

2 POWER COST 8.17 8.98

3 SALARY & WAGES 6.60 7.26

4 INSURANCE

TOTAL VARIABLE EXPENSES 15.09 16.59

CONTRIBUTION 130.44 138.64

FIXED EXPENSES

1 ADMINISTRATIVE SALARIES 0.33 0.36

2 TERM LOAN INTEREST 37.59 31.92

3 DEPRECIATION 44.25 38.42

4 REPAIRS & MAINTANANCE 0.40 0.44

TOTAL FIXED EXPENSES 82.17 70.70

BREAK EVEN POINT IN TERMS OF 62.99 51.00

INSTALLED CAPICITY IN %

B.E.P. IN TERMS OF TOTAL 62.99 62.99

CAPACITY %

91.68 79.16B.E.P. IN TERMS OF SALES REVENUE


Goyal & Associates

ANNEXURE - Q

ESTIMATES OF INTERNAL RATE OF RETURN

FINANCIAL YEAR OUTFLOW INFLOW TOTAL NETDEP.+INT INFLOW

0 400.00 0 0 0 0 0 -400.00

I 0 0 33.70 88.59 122.30 122.30

II 0 42.90 76.17 119.07 119.07

III 0 58.60 64.67 123.27 123.27

IV 66.29 53.96 120.25 120.25

V 80.63 43.93 124.56 124.56

VI 87.14 34.49 121.63 121.63

VII 93.15 25.56 118.71 118.71

200.00

A DISCOUNTING RATE15%

D52.45%

CAPITAL INV.

CURRENT ASSETS

SALVAGE VALUE+

CURRENT ASSETS

PROFIT AFTER

TAX

INTERNAL RATE OF RETURN (IRR)

M/s: GURUKRIPA COLD STORAGE, WAREHOUSING & LOGISTICS

FINANCIAL PROPOSAL

VILLAGE-JORA, TEHSIL-JAISINGH NAGAR, DISTRICT-SHAHDOL (M.P.)

Assesment of Working Capital RequirementsForm - II : Opearting Statement (Rs.in lacs)

As per Profit & Loss Account actuals/estimates for the year ended/ending

March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS Following Following Following Following Following Following

Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.1 2 3 4 5 6

1. Gross sales - (i) Domestic sales (Income from COLD STORAGE) 145.53 145.53 155.23 155.23 164.93 164.93 (ii) Export sales - - - - - - (iii) Other Revenue Income - - - - - - Add other revenue income - - - - - - Total 145.53 145.53 155.23 155.23 164.93 164.93 Less excise duty - - - - - - 3. Net sales(item 1 - item 2) 145.53 145.53 155.23 155.23 164.93 164.93 4. % age rise (+) or fall (-) in net sales as compared to previous year (annualised) 0.00% 0.00% 6.67% 0.00% 6.25% 0.00%5. Cost of sales i) Raw materials(including stores & spares and - - - - - - other items used in the process of manufacture (a) Imported - - - - - - (b) Indigenous - - - - - - ii) Other spares (a) Imported - - - - - - Salary & wages 6.00 6.60 7.26 7.99 8.78 9.66 iii) Power and fuel 7.93 8.17 8.98 9.25 10.12 10.42 iv) Repair & Maintances 0.40 0.44 0.48 0.53 0.59 0.64 v) Other Consumables (Amonia Cost & Freeze Oil) 0.30 0.32 0.35 0.37 0.41 0.43 Vi) Insurance 0.50 0.50 0.50 0.50 0.50 0.50 vi) Depreciation 51.00 44.25 38.42 33.39 29.04 25.27 vii) SUB-TOTAL (i to vi) 66.13 60.28 56.00 52.02 49.44 46.94 viii) Add:Opening stocks-in-process - - - - - -

Sub-total 66.13 60.28 56.00 52.02 49.44 46.94 ix) Deduct:Closing stocks-in-process - - - - - - x) Cost of Production 66.13 60.28 56.00 52.02 49.44 46.94 xi) Add : Opening stock of Fini.goods - - - - - -

Sub-total 66.13 60.28 56.00 52.02 49.44 46.94 xii) Deduct closing stock of fini.goods - - - - - - xiii) SUB-TOTAL (Total cost of sales) 66.13 60.28 56.00 52.02 49.44 46.94

Gross Profit 79.40 85.25 99.24 103.21 115.49 118.00 6. Selling, general & adm. expenses 0.30 0.33 0.36 0.40 0.44 0.48 7. SUB-TOTAL (5+6) 66.43 60.61 56.36 52.42 49.88 47.42 8. Operating profit before interest(3-7) 79.10 84.92 98.87 102.81 115.06 117.52 9. Interest 37.59 31.92 26.24 20.57 14.89 9.22 10.Operating profit after interest(8-9) 41.50 53.01 72.63 82.24 100.16 108.29 11. (i) Add other non-operating income (a) Export Incentives (b) Trading sales (Exports) - - - - - - (c) Trading stock (net) - - - - - - (d) Other Income - - - - - - Sub-total (income) - - - - - - (ii) Deduct other non-operating exp. (a) Pre. Expenses (w.off) - - - - - - (b) Loss on sale of fixed assets - - - - - - (c) Loss in investment - - - - - - (d) Divedends/Withdrawls - - - - - - Sub-total(expenses) - - - - - - (iii) Net of other non-operating income/expenses - - - - - - 12. Profit before tax/loss {10+11(iii)} 41.50 53.01 72.63 82.24 100.16 108.29

13. Provision for taxes 7.80 10.10 14.03 15.95 19.53 21.16 Provision for deffered tax - - - - - - FBT - - - - - - 14. Net profit/loss (12-13) 33.70 42.90 58.60 66.29 80.63 87.14 15. (a) Dividend & Dividend Tax 10.11 12.87 17.58 19.89 24.19 26.14 (b) Rate 0% 10% 0% 0% 0% 0%16. Retained profit (14-15) 23.59 30.03 41.02 46.40 56.44 61.00 17. Retained profit/Net profit (% age) 70% 70% 70% 70% 70% 70%

FORM - IIIANALYSIS OF BALANCE SHEET (Rs.in lacs)

M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS As per Balance sheet as at LIABILITIES March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20

Following Following Following Following Following FollowingYear-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.

CURRENT LIABILITIES 1 2 3 4 5 61.Short-term borrowings from banks(incld.bills purchaseddiscounted & excess borrwoing placed on repayment basis) (i) From applicant bank - - - - - - (ii) From other banks - - - - - - (iii) (of which BP & BD) (i) From applicant bank - - - - - - (ii) From other banks - - - - - -

Sub total (A) - - - - - - 2. Sundry creditors- Capital Goods and Spares - - - - - - 3. Sundry creditor - - - - - - 4. Advance payments from customers/dep. from dealers - - - - - - 5. Provision for taxation - - - - - - 6. Dividend payable - - - - - - 7. Other statutory liabilities (due within one year) - - - - - - 8. Deposits/Instalments of term loans/DPGs/Debentures, etc. - - - - - - (due within one year)9. Other current liabilities & provisions (due in 1yr.) 47.29 47.29 47.29 47.29 47.29 47.29 (Specify major items) b. Other Current Liab(repayment of unsecured loans) - - - - - -

Other Current Liabilities [Sub-total (B)] 47.29 47.29 47.29 47.29 47.29 47.29 10. Total Current Liabilities(total of 1 to 9 excl 1(iii) 47.29 47.29 47.29 47.29 47.29 47.29

TERM LIABILITIES11.Debentures (not maturing within 1 yr.) - - - - - - 12.Prefrence shares(redeemable after1yr.) - - - - - - 13.Term loans(excld instalments payable within 1 yr.) 283.71 236.43 189.14 141.86 94.57 47.29 14.Deferred Payment Credit excluding instt.due within 1 yr.) - - - - - - 15.Term deposits (repayable after 1 yr.) - - - - - - 16.Other term liabilities(unsecured loans) - - - - - - 17. TOTAL TERM LIABILITIES 283.71 236.43 189.14 141.86 94.57 47.29

18. Total Outside Liabilities(item 10 +17) 331.00 283.71 236.43 189.14 141.86 94.57 NET WORTH

19.Share Capital 69.00 69.00 69.00 69.00 69.00 69.00 20.General reserve 23.59 53.63 94.65 141.05 197.49 258.49 21. Reserve for deffered tax liability - - - - - - 22.Other reserves(excluding provisions) - - - - - - 23.Surplus(+) or deficit(-) in P&L account - - - - - - 23(a).Others - Subsidy - - - - - - 23(b). Deferred tax - - - - - - 24. NET WORTH 92.59 122.63 163.65 210.05 266.49 327.49 25. TOTAL LIABILITIES 423.59 406.34 400.08 399.19 408.35 422.06

FORM - III (Continued)ANALYSIS OF BALANCE SHEET (Rs.in lacs)

M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS As per Balance sheet as at ASSETS March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20

Following Following Following Following Following Following Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.

CURRENT ASSETS 1 2 3 4 5 6 26.Cash and bank balances 74.59 101.59 133.75 166.26 204.45 243.43 27.Investments(other than long term investments) - - - - - - (i) Government & other Trustee securities - - - - - - (ii)Fixed deposits with bank & Others - - - - - - 28.(i) Receivables other than defered & export - - - - - - ( including bills purchased and dicounted by banks) - (ii)Export receivables(incld bills purchased & dis.by bank) - - - - - - 29.Instalments of deferred receivables(due within 1 yr.) - - - - - - 30.Inventory: - - - - - - (i) Raw materials(including stores & other items - - - - - - used in the process of manufacture) a)Imported - - - - - - b)Indigenous - - - - - - (ii) Works-in-process - - - - - - (iii)Finished goods - - - - - - (iv) Other consumable spares - - - - - - a)Imported - - - - - - b)Indigenous - - - - - - 31.Advances to suppliers of raw materials & stores/spares - - - - - - 32.Advance payment of taxes - - - - - - 33.Other current assets - - - - - - - stock of traded goods - - - - - - - Others (Pre Operative Exp.) - - - - - - 34. TOTAL CURRENT ASSETS(total of 26 to 33) 74.59 101.59 133.75 166.26 204.45 243.43

FIXED ASSETS35.Gross Block(land & building,machinery,work-in-process) 400.00 400.00 400.00 400.00 400.00 400.00 36.Depreciation to date 51.00 95.25 133.67 167.06 196.10 221.37 37. NET BLOCK (35-36) 349.00 304.75 266.33 232.94 203.90 178.63

OTHER NON-CURRENT ASSETS38.Investments/book debts/adv./deposits which are not - - - - - - Current Assets (i) a)Investments in subsidiary companies/affiliates - - - - - - b)Others - - - - - - (ii)Advances to suppliers of capital goods & contractors - - - - - - (iii)Defferred receivables - - - - - - (iv)Others-Debtors >6 months - - - - - - -Security deposit - - - - - - -Loans & advances for others - - - - - - 39.Non-consumables stores & spares40.Other non-current assets incl.dues from directors - - - - - - 41. TOTAL OTHER NON-CURR.ASSETS - - - - - - 42.Intangible assets(patents, goodwill, prelim. exp. bad/doubtful expenses not provided for, etc.) - - - - - - 43. TOTAL ASSETS (34+37+41+42) 423.59 406.34 400.08 399.19 408.35 422.06

- - - - - - 44. TANGIBLE NET WORTH (24-42) 92.59 122.63 163.65 210.05 266.49 327.49 45. NET WORKING CAPITAL(17+24)-(37+41+42) 27.31 54.30 86.46 118.97 157.16 196.14 46. Current Ratio 1.58 2.15 2.83 3.52 4.32 5.15 47. Total Outside Liabilities/ Tangible Net Worth 3.57 2.31 1.44 0.90 0.53 0.29 48. Total Term Liabilities/Tangible Net Worth 3.06 1.93 1.16 0.68 0.35 0.14

FORM - IV Comparative statement of Current assets & Current Liabilities

M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGIS As per Balance sheet as at I. CURRENT ASSETS March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20

Following Following Following Following Following FollowingYear-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.

1 2 3 4 5 6 1.Raw materials including stores & other items used in the process of manufacturing (a) Imported : Amount - - - - - - : Month's consumption - - - - - - (b) Indigenous : Amount - - - - - - : Month's consumption - - - - - - 2. Other consumable spares, excldg. those included in(1) above (a) Imported : Amount - - - - - - : Month's consumption - - - - - - (b) Indigenous : Amount - - - - - - : Month's consumption - - - - - - 3. Stocks-in-process : Amount - - - - - - : Month's cost of Sales - - - - - - 4. Finished goods : Amount - - - - - - : Month's cost of Sales - - - - - - 5. Receivables other than export & defered receivables ( Incldg. bills purchased & discounted by bank) : Amount 0.00 0.00 0.00 0.00 0.00 0.00 : Month's Domestic Sales( includg. defered payment sales) - - - - - - 6. Export receivables(incldg. bills purchased & disc.) : Amount 0.00 0.00 0.00 0.00 0.00 0.00 : Month's export Sales - - - - - - 7. Advance to suppliers of materials & stores/spares,consumables 0.00 0.00 0.00 0.00 0.00 0.00 8. Other current assets includg. cash & bank balances & defered 74.59 101.59 133.75 166.26 204.45 243.43 receivables due within one year(speciy major items) : Cash & bank balances 74.59 101.59 133.75 166.26 204.45 243.43 : Investment except long-term investment of def. receivales 0.00 0.00 0.00 0.00 0.00 0.00 : Others 0.00 0.00 0.00 0.00 0.00 0.00 9. TOTAL CURRENT ASSETS 74.59 101.59 133.75 166.26 204.45 243.43

II. CURRENT LIABILITIES (Other than bank borrowing for working capital)

10. Creditors for purchase of raw materials,stores & consumable spares : Amount - - - - - - : Month's purchase - - - - - - 11. Advance from customers - - - - - - 12. Statutory liabilities - - - - - - 13. Other current liabilities-specify major items a) S.Creditors for Capital Goods - - - - - - b) Dividend payable - - - - - - c) Instalments of TL, DPS & public deposits - - - - - - d) Other current liabilities & provisions 47.29 47.29 47.29 47.29 47.29 47.29 14. TOTAL 47.29 47.29 47.29 47.29 47.29 47.29

FORM - V

ASSESSED BANK FINANCE - PROJECTED BALANCE SHEET METHOD (Rs. in lACS)M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGIS As per Balance sheet as at

March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20Following Following Following Following Following

Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.

1. Total Current Assets 101.59 133.75 166.26 204.45 243.43 2. Other Current Laibilities 47.29 47.29 47.29 47.29 47.29 3. Working Capital Gap 54.30 86.46 118.97 157.16 196.14 4. Net Working Capital (Actual/Projected) 54.30 86.46 118.97 157.16 196.14 5. Assessed Bank Finance 0.00 0.00 0.00 0.00 0.00 5. NWC/TCA (%) 53.45 64.65 71.56 76.87 80.57 6. OCL/TCA (%) 46.55 35.35 28.44 23.13 19.43 7. S.Creditors/TCA (%) 0.00 0.00 0.00 0.00 0.00 8. ABF/TCA (%) 0.00 0.00 0.00 0.00 0.00 9. Inventory/N.Sales (Days) 0.00 0.00 0.00 0.00 0.00 10. Receivables/G.Sales (Days) 0.00 0.00 0.00 0.00 0.00 11. S.Creditors/Purchases (Days) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

FORM - VI FUND FLOW STATEMENT (Rs. lacs).M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGIS As per Balance sheet as at

March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20Following Following Following Following Following Following

Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec. 1 2 3 4 5 6

1. SOURCES a) Net profit (after tax) 33.70 42.90 58.60 66.29 80.63 87.14 b) Depreciation 51.00 44.25 38.42 33.39 29.04 25.27 c) Increase in capital d) Increase in term liabilities,including public deposits 283.71 0.00 0.00 0.00 0.00 0.00 e) Decrease in : i ) Fixed assets 0.00 0.00 0.00 0.00 0.00 0.00 ii) Other non-current assets 0.00 0.00 0.00 0.00 0.00 0.00 f) Others 69.00 0.00 0.00 0.00 0.00 0.00 g) TOTAL 437.42 87.15 97.03 99.68 109.66 112.41

2. USES a) Net loss b) Decrease in term liabilities,including public deposits 0.00 47.29 47.29 47.29 47.29 47.29 c) Increase in : i ) Fixed asset 400.00 0.00 0.00 0.00 0.00 0.00 ii ) Depreciation adjustment 0.00 0.00 0.00 0.00 0.00 0.00 iii) Other non-current assets 0.00 0.00 0.00 0.00 0.00 0.00 d) Dividend payment 10.11 12.87 17.58 19.89 24.19 26.14 e) Others 0.00 0.00 0.00 0.00 0.00 0.00 f) TOTAL 410.11 60.16 64.87 67.17 71.47 73.43 3. Long term surplus / deficit 27.31 27.00 32.16 32.51 38.19 38.98 4. Increase / Decrease in current assets* 74.59 27.00 32.16 32.51 38.19 38.98 (as per details given below)5. Increase / Decrease in current liabilities 47.29 - - - - - other then bank borrowings6. Increase / Decrease in working capital gap 27.31 27.00 32.16 32.51 38.19 38.98 7. Net surplus(+) / deficit(-) - - - - - - 8. Increase / Decrease in Bank borrowings - - - - - -

INCREASE / DECREASE IN NET SALES 145.53 0.00 9.70 0.00 9.70 0.00

*Break-up of (4) - - - - - - i ) Increase / decrease in Raw materials - - - - - - ii ) Increase / decrease in Stock -in-process - - - - - - iii ) Increase / decrease in Finished goods - - - - - - iv) Increase / decrease in Receivables (a) Domestic - - - - - - (b) Export - - - - - - v ) Increase / decrease in Stores & spares - - - - - - vi) Increase / decrease in Other current assets 74.59 27.00 32.16 32.51 38.19 38.98

Total 74.59 27.00 32.16 32.51 38.19 38.98


Goyal & Associates

PERFORMANCE AND FINANCIAL INDICATORS.

PARTICULARS March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20 March 31' 21

Following Following Following Following Following Following Following

Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.

Net Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93

PBT 41.50 53.01 72.63 82.24 100.16 108.29 115.81

PAT 33.70 42.90 58.60 66.29 80.63 87.14 94.66

PAT/N.Sales (%) 23.16 29.48 37.75 42.70 48.89 52.83 57.39

Paidup Capital 69.00 69.00 69.00 69.00 69.00 69.00 69.00

TNW 92.59 122.63 163.65 210.05 266.49 327.49 392.69

TOL/TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12

CR 1.58 2.15 2.83 3.52 4.32 5.15 5.99

PBT/TTA(%) 9.80 13.04 18.15 20.60 24.53 25.66 26.32

N.Sales/TTA (times) 0.34 0.36 0.39 0.39 0.40 0.39 0.37

Optg. Exp/N.Sales (%) 71.48 63.58 53.21 47.02 39.27 34.34 29.78

BB/TTA (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Inv+Rec/N.Sales (Days) - - - - - - -

TTA 423.59 406.34 400.08 399.19 408.35 422.06 439.98

Optg.Exp 104.03 92.52 82.60 72.99 64.77 56.64 49.12

Inv+Rec - - - - - - -

BB - - - - - - -


Goyal & Associates

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS UNDER PBS METHOD

Particulars March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20 March 31' 21

Total Current Assets 74.59 101.59 133.75 166.26 204.45 243.43 283.36

Other Current Liabilities 47.29 47.29 47.29 47.29 47.29 47.29 47.29

Working Capital Gap 27.31 54.30 86.46 118.97 157.16 196.14 236.07

NWC(Actual/Proj) 27.31 54.30 86.46 118.97 157.16 196.14 236.07

ABF - - - - - - -

NWC/TCA (%) 36.61 53.45 64.65 71.56 76.87 80.57 83.31

OCL/TCA (%) 63.39 46.55 35.35 28.44 23.13 19.43 16.69

S.Creditors/TCA (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ABF/TCA (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Inventories/N.Sales (Days) 0.00 0.00 0.00 0.00 0.00 0.00

Receivables/G.Sales (Days) 0.00 0.00 0.00 0.00 0.00 0.00 0.00

S.Crs/Purchases (Days) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

PBDIT/Intt (Times) 3.46 4.05 5.23 6.62 9.67 15.49 39.86

PAT/N.Sales (%) 23.16 29.48 37.75 42.70 48.89 52.83 57.39

ROCE (%) 30.71 31.79 34.32 34.12 35.29 33.83 32.13

N.Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93

G.Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93

Receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Purchases 0.00 0.00 0.00 0.00 0.00 0.00 0.00

S.Creditors 0.00 0.00 0.00 0.00 0.00 0.00 0.00

PBDIT 130.10 129.17 137.29 136.20 144.09 142.79 141.37

Interest 37.59 31.92 26.24 20.57 14.89 9.22 3.55

TTA 423.59 406.34 400.08 399.19 408.35 422.06 439.98

Cash Accruals 84.70 87.15 97.03 99.68 109.66 112.41 116.67

PBT/NS (%) 28.52 36.42 46.79 52.98 60.73 65.66 70.22


Goyal & Associates

RATIO ANALYSIS

March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19 March 31' 20 March 31' 21

Net Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93

(Exports) 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Operating Profit 41.50 53.01 72.63 82.24 100.16 108.29 115.81

PBT 41.50 53.01 72.63 82.24 100.16 108.29 115.81

PBT/Net Sales (%) 28.52 36.42 46.79 52.98 60.73 65.66 70.22

PAT 33.70 42.90 58.60 66.29 80.63 87.14 94.66

Cash Accruals 84.70 87.15 97.03 99.68 109.66 112.41 116.67

PBDIT 130.10 129.17 137.29 136.20 144.09 142.79 141.37

PUC 69.00 69.00 69.00 69.00 69.00 69.00 69.00

TNW 92.59 122.63 163.65 210.05 266.49 327.49 392.69

Adjusted TNW 92.59 122.63 163.65 210.05 266.49 327.49 392.69

TOL/TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12

TOL/ adjusted TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12

Current Ratio 1.58 2.15 2.83 3.52 4.32 5.15 5.99

March 31' 15 March 31' 16 March 31' 17 March 31' 18 March 31' 19Cross Checks Following Following Following Following Following

Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.Difference in Balance Sheet 0.00 0.00 0.00 0.00 0.00

Diff between SIP in P& L and in Balance sheet 0.00 0.00 0.00 0.00 0.00

Diff between FG in P& L and in Balance sheet 0.00 0.00 0.00 0.00 0.00

Diff between Dep in P& L and in Balance sheet 0.00 0.00 0.00 0.00 0.00

Diff between P& L Balane & Inc in Retained Earnings 0.00 0.00 0.00 0.00 0.00

IMPORTANT RATIOS / KEY FINANCIAL PARAMETERSM/s: GURUKRIPA COKD STORAGE, WAREHOUSING AND LOGISTICS-JORA [Rs. in lacs]

Particulars 2015 2016 2017 2018 2018 2019 2020I YEAR II YEAR III YEAR IV YEAR V YEAR VI YEAR VII YEAR

Gross Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93Net Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93

Profit Before Tax 41.50 53.01 72.63 82.24 100.16 108.29 115.81Net profit/loss [PAT] 33.70 42.90 58.60 66.29 80.63 87.14 93.15Operating Profit 78.55 84.31 98.15 102.03 114.16 116.56 118.35PBDITA 130.10 129.17 137.29 136.20 144.09 142.79 141.37

PBT / Net sales [%] 28.52% 36.42% 46.79% 52.98% 60.73% 65.66% 70.22%PAT / Net sales [%] 23.16% 29.48% 37.75% 42.70% 48.89% 52.83% 56.48%Operating Profit / Net Sales [%] 53.97% 57.93% 63.23% 65.73% 69.21% 70.67% 71.76%PBDITA / Net Sales [%] 89.40% 88.76% 88.44% 87.74% 87.36% 86.57% 85.71%PBT / TTA [%] 9.80% 13.04% 18.15% 20.60% 24.53% 25.66% 26.32%PBDITA / TTA[%] 30.71% 31.79% 34.32% 34.12% 35.29% 33.83% 32.13%PAT / TNW [%] 36.40% 34.99% 35.81% 31.56% 30.26% 26.61% 23.72%Operating Profit / TNW [%] 84.83% 68.76% 59.98% 48.57% 42.84% 35.59% 30.14%

Cash Accruals 84.70 87.15 97.03 99.68 109.66 112.41 115.16Net Working Capital 27.31 54.30 86.46 118.97 157.16 196.14 236.07Current Ratio 1.58 2.15 2.83 3.52 4.32 5.15 5.99PBDITA/Interest 3.46 4.05 5.23 6.62 9.67 15.49 39.86ROCE (%) 30.71% 31.79% 34.32% 34.12% 35.29% 33.83% 32.13%

Paid up capital 69.00 69.00 69.00 69.00 69.00 69.00 69.00Tangible Net Worth 92.59 122.63 163.65 210.05 266.49 327.49 392.69Adjusted Tangible Net Worth 92.59 122.63 163.65 210.05 266.49 327.49 392.69TOL/TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12TOL / Adjusted TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12TTL/TNW [Debt/Equity] 3.06 1.93 1.16 0.68 0.35 0.14 0.00

Sales / Current Assets 1.95 1.43 1.16 0.93 0.81 0.68 0.58Sales / Fixed Assets 0.42 0.48 0.58 0.67 0.81 0.92 1.05Sales / TTA 0.34 0.36 0.39 0.39 0.40 0.39 0.37Sales / TNW 0.34 1.19 0.95 0.74 0.62 0.50 0.42

NWC / Current Assets [%] 36.61% 53.45% 64.65% 71.56% 76.87% 80.57% 83.31%S.Creditors / Current Assets [%] - - - - - - -Bank Finance / Current Assets [%] - - - - - - -Inventories to net sales (days) 0 0 0 0 0 0 0Recv. To Gross Sales (days) 0 0 0 0 0 0 0Inv+Recv/sales (days) 0 0 0 0 0 0 0S. Crs. To Purchases (days) 0 0 0 0 0 0 0

RM+Stores Cons./ Production Value [%] - - - - - - -Power & Fuel / Production Value [%] 5.45% 5.61% 5.78% 5.96% 6.14% 6.32% 6.51%Direct Labour / Production Value [%] 4.12% 4.54% 4.68% 5.14% 5.33% 5.86% 6.44%

Other Mfg.Exp. / Production Value [%] 0.82% 0.86% 0.86% 0.90% 0.91% 0.96% 1.01%Selling,Gen&Adm.Exp./Prod.Value[%] 0.21% 0.23% 0.23% 0.26% 0.27% 0.29% 0.32%

Operating cost to Production Value 0.00 0.00 0.00 0.00

FINANCIAL POSITION(Rs. in Lakh)

S.No. Particulars 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21

a) Paid-up Capital : (Promotor Contribution) 69.00 69.00 69.00 69.00 69.00 69.00 69.00 - Equiy- Reserve and Surplus 23.59 53.63 94.65 141.05 197.49 258.49 323.69

b) 92.59 122.63 163.65 210.05 266.49 327.49 392.69

c)

d) Adjusted TNW 92.59 122.63 163.65 210.05 266.49 327.49 392.69 e) Capital Employed* (total funds employed) 376.31 359.05 352.79 351.91 361.06 374.77 392.69 f) Net Block 349.00 304.75 266.33 232.94 203.90 178.63 156.62 g) Net Sales :

- Domestic (Income from WH, Grading, WB) 145.53 145.53 155.23 155.23 164.93 164.93 164.93 - Exports

Total 145.53 145.53 155.23 155.23 164.93 164.93 164.93 h) Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 i) Depreciation 51.00 44.25 38.42 33.39 29.04 25.27 22.01 j) Gross Profit 130.10 129.17 137.29 136.20 144.09 142.79 141.37 k) Net Profit 33.70 42.90 58.60 66.29 80.63 87.14 93.15 l) Cash Accurals (i+k) 84.70 87.15 97.03 99.68 109.66 112.41 115.16

m) Net Profit/Capital Employed (%) 8.96% 11.95% 16.61% 18.84% 22.33% 23.25% 23.72%n) Current Assets 74.59 101.59 133.75 166.26 204.45 243.43 283.36 o) Current Liabilities 47.29 47.29 47.29 47.29 47.29 47.29 47.29

RATIOS :p) Current Ratio 1.58 2.15 2.83 3.52 4.32 5.15 0.00 q) Debt/Equity :***

Total Term Liab./TNW 3.06 1.93 1.16 0.68 0.35 0.14 0.00 Total Outside Liab./TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12

r) Profitability % : PAT/Net Sales 23.16% 29.48% 37.75% 42.70% 48.89% 52.83% 56.48%s) DSCR:

a) Company as a wholeb) For Specific TL 3.25 1.50 1.68 1.77 2.00 2.15 2.34 Average DSCR 2.10

t) Interest Coverage 0.00 0.00 0.00 0.00 0.00 0.00 0.00 u) Inventory + Receivables/Sales 0.00 0.00 0.00 0.00 0.00 0.00 0.00 v) Asset Coverage Ratio

Workedout (d) if item © is above 10% of Net Worth* Adjusted TNW plus M.T./Current Liabilities*** If we add subsidy available from National Horticulture MissionDE Ratio will further improve to 2:1 Details of quarterly publishes results, if any, in case of listed companies to be given as a separate column.

Tengible Net Worth ( Excl. rev. reserve & Net of Intengible Assets)

Investment in cos. Of which associated companies/subsidiaries

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

Rupees in LACSPARTICULARS Projection Projection Projection Projection Projection Projection Projection

Years 2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20Operating months 12 12 12 12 12 12 12

Operating Statement 1 i. Domestic Sale 145.53 145.53 155.23 155.23 164.93 164.93 164.93

ii.Export Sale1 Total Gross Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.932 Less : Excise Duty3 Net Sales (1-2) 145.53 145.53 155.23 155.23 164.93 164.93 164.934 Growth in sales 0% 7% 0% 6% 0%

Cost of Sales5 a. Raw Material (Imported )

b. Raw material (Indigenous)c. Stores & Spares (Imported)Amonia Cost & Freeze Oil 0.30 0.32 0.35 0.37 0.41 0.43 0.46

6 Power Cost 7.93 8.17 8.98 9.25 10.12 10.42 10.747 Salary & wages 6.00 6.60 7.26 7.99 8.78 9.66 10.638 Repairs and maintainance 0.40 0.44 0.48 0.53 0.59 0.64 0.719 Insurance 0.50 0.50 0.50 0.50 0.50 0.50 0.50

10 Depreciation 51.00 44.25 38.42 33.39 29.04 25.27 22.0111 Others expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00

a Consumblesbcd POP 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Sub Total 66.13 60.28 56.00 52.02 49.44 46.94 45.0412 Add: Opening Stock in Process 0.00 0.00 0.00 0.00 0.00

Sub Total 66.13 60.28 56.00 52.02 49.44 46.94 45.0413 Deduct : Closing Stock in Process

Cost of Production 66.13 60.28 56.00 52.02 49.44 46.94 45.0414 Add: Opening Stock of Finished Goods 0.00 0.00 0.00 0.00 0.00 0.00 1.00

Sub Total 66.13 60.28 56.00 52.02 49.44 46.94 46.0415 Deduct : Closing Stock OF Finished Goods

Sub Total ( Total Cost of Sales) 66.13 60.28 56.00 52.02 49.44 46.94 46.0416 Gross profit 79.40 85.25 99.24 103.21 115.49 118.00 118.89

Gross Profit/ Sales 54.56% 58.58% 63.93% 66.49% 70.02% 71.54% 72.09%17 Selling Expenses18 Administrative Expenses 0.30 0.33 0.36 0.40 0.44 0.48 0.53

Sub Total 66.43 60.61 56.36 52.42 49.88 47.42 46.5719 Operating Profit before interest 79.10 84.92 98.87 102.81 115.06 117.52 118.36

a. Interest on CC/TL. 0.00 0.00 0.00 0.00 0.00 1.00 0.67b.Interest on TL 37.59 31.92 26.24 20.57 14.89 9.22 3.55c.Other interests 0.00 0.00 0.00 0.00 0.00 1.00 0.67

20 Total Interest 37.59 31.92 26.24 20.57 14.89 11.22 4.8821 Operating Profit after Interest 41.50 53.01 72.63 82.24 100.16 106.29 113.4822 Add: Other non operating Income

a Interest/Dividend/Royalties etc..b Other Incomecd

Sub Total 0.00 0.00 0.00 0.00 0.00 0.00 0.0023 Deduct other non operating expenses

a Interest/Dividend/Royalties etc..b Other Expensesc Intangibles written off -1d Directors remunaratione POP 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Sub Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00

24 0.00 0.00 0.00 0.00 0.00 0.00 0.0025 Profit before Tax /Loss (PBT) 41.50 53.01 72.63 82.24 100.16 106.29 113.4826 Provision for Taxes 7.80 10.10 14.03 15.95 19.53 21.16 22.66

Net of other non operating Income/Expenses

C4

You can print all forms at once or form by form for 4,5,6,7 or 8 years data. To print all forms, press Contrl+Shift+A/B/C/D or E for 4/5/6/7 or 8 years data. To print individual forms, press control+G and choose the area. Click on File- print -selectin - OK. For working Capital you may print only required data by pressing Control+Shift+W

C7

Insert the name in cell D5 only. Otherwise it will not be printed.

H9

You can change this to Crores, Lacs, Thousands.

D36

Only 1st year opening stock of WIP & FG will be accepted. For the remaining years, they will be taken from closing stocks of previous year

C50

If interest is not to be calculated, feed the same in row 73,74,75 below. Otherwise the programme will calculate as per the rate provided. (the rate may be zero for non interest loans)

27 Net Profit/Loss (PAT) 33.70 42.90 58.60 66.29 80.63 85.14 90.8228 Cash Accruals 84.75 87.20 97.08 99.73 109.71 110.46 112.8829 Dividend paid + IT on Dividend 10.11 12.87 17.58 19.89 24.19 26.14 27.9530 Retained Profit 23.59 30.03 41.02 46.40 56.44 59.00 62.8731 Retained Cash Profits 74.59 74.28 79.44 79.79 85.48 84.27 84.8832 RM Content in sales 0% 0% 0% 0% 0% 0% 0%33 PBDIT 130.10 129.17 137.29 136.20 144.09 142.79 140.3734 PBDIT/Sales 89.40% 88.76% 88.44% 87.74% 87.36% 86.57% 85.11%35 Operating Profits/Sales 28.52% 36.42% 46.79% 52.98% 60.73% 64.45% 68.80%36 PBT/Sales 28.52% 36.42% 46.79% 52.98% 60.73% 64.45% 68.80%37 PAT/Sales 23.16% 29.48% 37.75% 42.70% 48.89% 51.62% 55.06%38 Cash Accruals/ Sales 58.24% 59.92% 62.54% 64.25% 66.52% 66.97% 68.44%

Interest on CC. 0.00Interest on TL Other interests 0.00

Transfer to Reserves (if any)

Depriciation adjustments

ANALYSIS OF BALANCE SHEET - LIABILITIES

M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS-J Rupees in LACS

Projection Projection Projection Projection Projection Projection Projection2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20

LIABILITIESCurrent Liabilities

1

Sub Total (A) 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2 Short Term Borrowings from Others3 Sundry Creditors (Trade)4 Advance Payment from Customers5 Net Provision for Taxation (if positive)6 Dividend Payable7 Other Statutory Liab. (Due within one Year)8 Overdue Term Liabilities

9

10 47.29 47.29 47.29 47.29 47.29 47.29 47.29a Current Liability (Due one year) 47.29 47.29 47.29 47.29 47.29 47.29 47.29bcd

11 Sub Total (B) 47.29 47.29 47.29 47.29 47.29 47.29 47.2912 TOTAL CURRENT LIABILITIES 47.29 47.29 47.29 47.29 47.29 47.29 47.29

TERM LIABILITIES13 Debentures (not maturing within one Year)14 Preference Shares (redeemable after 1 year)14 Term Loan from Bank(Less next Year Instalments) 283.71 236.43 189.14 141.86 94.57 47.29 0.00

14

15 0.00 0.00 0.00 0.00 0.00 0.00 0.0016 Term deposits (Ecl. Instal.due next Yr.)17 Cash Credit

ab Unsecured Loansc

Short Term loans from Applicant Bank including BP &BD

Short Term loans From Other banks including BP &BD

Installments of term Loan/ DPGs/ Deposits/ debentures due within next year

Other Current Liabilities & Provisions (due with in one year)

Term Loan from Other Banks/Inst.(Ecl. Instal.due next Yr.)

Deferred Payments Credits (Ecl. Instal.due next Yr.)

C84

When interests are actuals and not to be calculated, feed them here

18 TOTAL TERM LIABILITIES 283.71 236.43 189.14 141.86 94.57 47.29 0.0019 TOTAL OF OUTSIDE LIABILITIES 331.00 283.72 236.43 189.15 141.86 94.58 47.29

NET WORTH20 Share Capital 69.00 69.00 69.00 69.00 69.00 69.00 69.0021 General Reserve 23.59 53.63 94.65 141.05 197.49 258.49 323.6922 Revaluation Reserve23 Adjustments for previous Year costs24 Other reserves (excluding Provisions)25 Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00

abc

26 Surplus (+) or deficit (-) in Profit & Loss a/c27 NET WORTH 92.59 122.63 163.65 210.05 266.49 327.49 392.6928 TOTAL LIABILITIES (18+24) 423.60 406.34 400.08 399.20 408.35 422.06 439.98

ANALYSIS OF BALANCE SHEET Continued - ASSETSM/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS-JORA (JAISINGH NAGAR)

Rupees in LACS 0.00Projection Projection Projection Projection Projection Projection Projection2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20

ASSETSCurrent Assets

1 Cash & Bank Balances 74.59 101.59 133.75 166.26 204.45 243.43 283.362 Govt. & other Trustee securities3 Fixed Deposits with Banks4 Domestic Receivables including BP/BD5 Export Receivables including BP/BD)6 Deferred receivables(due within one year)7 Imported Raw Material8 Indigenous Rawmaterial9 Stock in Process

10 Finished Goods11 imported Consumables12 Indigenous consumablesa. Packing Material

13 Loans&Advances14 Net Advance Payment of Taxes (if positive)15 Other Current Assets (specify major items)

a Loans&Advances to staffbcd

16 TOTAL CURRENT ASSETS 74.59 101.59 133.75 166.26 204.45 243.43 283.36

FIXED ASSETS17 Gross Block (Land & Building Machinery 400.00 400.00 400.00 400.00 400.00 400.00 400.0018 Add Capital expenditure in wirk-in-process19 Depreciation to Date 51.00 95.25 133.67 167.06 196.10 221.37 243.3820 Net Block 349.00 304.75 266.33 232.94 203.90 178.63 156.6221 OTHER NON CURRENT ASSETS

a Investments in Sub. cos./ affiliatesb Investment in Othersc Advance to suppliers of Capital goods & Contractorsd Deferred Receivables(Maturng after a year)e Other Non-current investmentsf Non Consumable Stores & Sparesghi

TOTAL OTHER NON CURRENT ASSETS 0.00 0.00 0.00 0.00 0.00 0.00 0.0022 Intangible Assets

a Preliminary Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00b Deffered Revenue expendituresc Other Intangibles (patents, goodwill, etc.)d Voluntary Retirement Expse

23 Total Intangible Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Long oustanding dues &Other non Current Assets /dues from Directors

D136

For operational convenience, from 2nd year onwards, retained profit is automatically added to the P&L Surplus.General reserves are not disturbed. Ensure that both of them put together are as per the balance sheet.

D144

Type the P&L balance only for the first year. For oher years, retained profits shall be automatically added

D181

Only first year accumulated depreciation need be provided. 2nd year onwords it will be calculated

24 TOTAL ASSETS 423.59 406.34 400.08 399.19 408.35 422.06 439.98

49 TANGIBLE NET WORTH (TNW) 92.59 122.63 163.65 210.05 266.49 327.49 392.6950 NET WORKING CAPITAL (NWC) 27.30 54.30 86.46 118.97 157.16 196.14 236.07

M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS-JORA (JAISINGH NAGAR) Movement of TNWOpening TNW 92.59 122.63 163.65 266.49 327.49Plough back of profit 30.03 41.02 46.40 59.00 62.87Increase in capital/reserves 0.00 0.00 0.00 2.00 2.33Intangibles written off 0.00 0.00 0.00 0.00 0.00Closing TNW 92.59 122.63 163.65 210.05 266.49 327.49 392.69Current Ratio 1.58 2.15 2.83 3.52 4.32 5.15 5.99Debt/Equity 3.06 1.93 1.16 0.68 0.35 0.14 0.00TOL/Equity 3.57 2.31 1.44 0.90 0.53 0.29 0.12Current Assets/Tangible Assets 17.61% 25.00% 33.43% 41.65% 50.07% 57.68% 64.40%ROCE(PBDIT incl.Other income/TTA) 0.31 0.32 0.34 0.34 0.35 0.34 0.32Inentory+Receivables as days of Net Sales 0 0 0 0 0 0 0

ADDITIONAL INFORMATIONa. Arrears of Depreciationb. Contingent Liabilitiesc. Arrears of Cumulative Dividendsd. Gratuity Liability not Provided fore.Dispute Custom/Excise/ Tax Liabilitiesf. Other Liabilities not provided for

Check PointsCheck Points 2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20

1 Difference in Assets & Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.002 Increase in cap.& reserves beyond retained profit 0.00 0.00 0.00 0.00 0.003 0.00 0.00 0.00 0.00 0.004 0.00 0.00 0.00 0.00 0.00

Repayment ScheduleTerm Loan Repayment 0.00 0.00 0.00 0.00 0.00 0.00

Our Term LoanSecurity AvailableCollateral security available for TL

COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES WORKING CAPITAL / BANK BORROWING ASSESSMENTSM/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS-JORA (JAISINGH NAGAR)

Rupees in LACSProjection Projection Projection Projection Projection Projection Projection2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20

A. WORKING CAPITAL ASSESSMENT

Stock of Imported RM -Days Consumption 0 0 0 0 0 0 0 Stock of Indiginous RM - Days Consumption 0 0 0 0 0 0 0 Imported Consumables - (Days Consumption) 0 0 0 0 0 0 0 Indiginous Consumables - (Days Consumption) 0 0 0 0 0 0 0 Stock in process- (Days of Cost of Production) 0 0 0 0 0 0 0 Finished Goods - (Days Cost of Sales) 0 0 0 0 0 0 0

Total Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Inventory/Sales (days) 0 0 0 0 0 0 0

Domestic receivables (Days Gross dom.Sales) 0 0 0 0 0 0 0 Export Receivables - (Days Exports) 0 0 0 0 0 0 0

Total Receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Receivables/Gross Sales (days) 0 0 0 0 0 0 0

10Creditors - (days Consumption) 0 0 0 0 0 0 0

Total Current Assets 74.59 101.59 133.75 166.26 204.45 243.43 283.36

Difference in intangibles written off in balance Sheet and shown in P&L accountReductin in TL is less than TL instalments plus overdues

By default the programme considers the entire net block as security & entire Term Liability for calculation of Security cover. But if a portion of security/ TL is to be considered, give the figures below.

D235

The programme takes the repayment amount from current liabilities of the previous year. If you need to calculate DSCR the for the first year as well, type the total repayment during the year.

Financed bySundry Cr. % of Current Assets 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Other Curr. Liab.% of Current Assets 63.40% 46.55% 35.36% 28.44% 23.13% 19.43% 16.69%Bank Finance % of Current Assets 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%NWC % to Current Assets 36.60% 53.45% 64.64% 71.56% 76.87% 80.57% 83.31%

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

By PBS Method 2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20Total Current assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00Working Capital gap 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net Working capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00Bank Finance 0.00 0.00 0.00 0.00 0.00 0.00 0.00

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

Rupees in LACSParticulars Projection Projection Projection Projection Projection Projection Projection

2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20FUND FLOW ANALYSIS

1 LONG TERM SOURCESProfit after Tax 42.90 58.60 66.29 80.63 85.14 90.82Depreciation 44.25 38.42 33.39 29.04 25.27 22.01Intangibles written off 0.00 0.00 0.00 0.00 0.00 0.00Increase in capital and reserves 0.00 0.00 0.00 0.00 2.00 2.33Increase in Term Liability 0.00 0.00 0.00 0.00 0.00 0.00i. Decrease in Fixed Assets 0.00 0.00 0.00 0.00 0.00 0.00ii. Decrease in Other non current assets 0.00 0.00 0.00 0.00 0.00 0.00

87.15 97.03 99.68 109.66 112.41 115.162 LONG TERM USES

Net Loss 0.00 0.00 0.00 0.00 0.00 0.00Increase in Intangibles 0.00 0.00 0.00 0.00 0.00 0.00Decrease in Capi.and Reserves/ Share Buybacks 0.00 0.00 0.00 0.00 0.00 0.00Decrease in Term Liabilities 47.29 47.29 47.29 47.29 47.29 47.29i. Increase in Fixed Assets 0.00 0.00 0.00 0.00 0.00 0.00Increase in non-Current Assets 0.00 0.00 0.00 0.00 0.00 0.00iii. Increase in IntangiblesDividend paid 12.87 17.58 19.89 24.19 26.14 27.95

60.16 64.87 67.17 71.47 73.43 75.23Surplus/ Deficit 27.00 32.16 32.51 38.19 38.98 39.93Short Term SourcesIncrease in Bank Borrowings 0.00 0.00 0.00 0.00 0.00 0.00Increase in other Current Liab. 0.00 0.00 0.00 0.00 0.00 0.00Decrease in Inventory 0.00 0.00 0.00 0.00 0.00 0.00Decrease in Receivables 0.00 0.00 0.00 0.00 0.00 0.00Decrease in Cash/Deposits/Govt Sec. 0.00 0.00 0.00 0.00 0.00 0.00Decrease in Other Current Assets 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00Short Term UsesIncrease in Inventory 0.00 0.00 0.00 0.00 0.00 0.00Increase in Receivables 0.00 0.00 0.00 0.00 0.00 0.00Increase in Cash/Deposits/Govt Sec. 27.00 32.16 32.51 38.19 38.98 39.93Increase in Other Current Assets 0.00 0.00 0.00 0.00 0.00 0.00Decrease in Other Current Liab. 0.00 0.00 0.00 0.00 0.00 0.00Decrease in Bank Borrowings 0.00 0.00 0.00 0.00 0.00 0.00

27.00 32.16 32.51 38.19 38.98 39.93Summary of fund Flow AnalysisLong Term Sources 87.15 97.03 99.68 109.66 112.41 115.16Long Term Uses 60.16 64.87 67.17 71.47 73.43 75.23Surplus /Deficit (i-ii) 27.00 32.16 32.51 38.19 38.98 39.93 Short term sources 0.00 0.00 0.00 0.00 0.00 0.00Short term uses 27.00 32.16 32.51 38.19 38.98 39.93Surplus /Deficit (iii-iv) (27.00) (32.16) (32.51) (38.19) (38.98) (39.93)

CALCULATION OF BREAK EVEN LEVELS

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

Veriable Projection Projection Projection Projection Projection Projection ProjectionParticulars % 2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20BREAK EVEN POINTSales 145.53 145.53 155.23 155.23 164.93 164.93 164.93Variable CostI.Raw Material 100.00% 0.00 0.00 0.00 0.00 0.00 0.00 0.00ii.Consumables 100.00% 0.30 0.32 0.35 0.37 0.41 0.43 0.46iii.Direct Labour 60.00% 3.60 3.96 4.36 4.79 5.27 5.80 6.38iv.Power & Fuel 60.00% 4.76 4.90 5.39 5.55 6.07 6.25 6.44v.Selling Expenses 20.00% 0.00 0.00 0.00 0.00 0.00 0.00 0.00vi.Other Variable CostsTotal Variable Costs 8.66 9.18 10.10 10.71 11.76 12.49 13.27Percent of Sales 6% 6% 7% 7% 7% 8% 8%

Fixed Costs 95.37 83.35 72.51 62.28 53.02 46.15 38.18

Break Even Level of Sales 101.40 88.96 77.55 66.90 57.09 49.93 41.52Percentage to Sales 70% 61% 50% 43% 35% 30% 25%

Cash Break Even of Sales 47.17 41.73 36.46 31.04 25.82 22.59 17.5832% 29% 23% 20% 16% 14% 11%

Sensitivity to BEPWhen sales go downSales (when down by) 1% 144.07 144.07 153.68 153.68 163.28 163.28 163.28Veriable costs also go down by 1% 8.57 9.09 9.99 10.60 11.64 12.36 13.14Contribution 135.50 134.99 143.69 143.08 151.65 150.92 150.14Fixed Costs 95.37 83.35 72.51 62.28 53.02 46.15 38.18BEP 101.40 88.96 77.55 66.90 57.09 49.93 41.52% to Sales 70% 62% 50% 44% 35% 31% 25%Cash Break Even of Sales 47.17 41.73 36.46 31.04 25.82 22.59 17.58% Sales 33% 29% 24% 20% 16% 14% 11%

When RM cost goes up by 1%% can be passed on to customerSales will go up to 145.53 145.53 155.23 155.23 164.93 164.93 164.93Veriable costs up by 1% 8.66 9.18 10.10 10.71 11.76 12.49 13.27Contribution 136.87 136.35 145.14 144.52 153.18 152.45 151.66Fixed costs 95.37 83.35 72.51 62.28 53.02 46.15 38.18BEP if RM cost goes up by 1% 101.40 88.96 77.55 66.90 57.09 49.93 41.52% to Sales 70% 61% 50% 43% 35% 30% 25%Cash Break Even of Sales 47.17 41.73 36.46 31.04 25.82 22.59 17.58% Sales 32% 29% 23% 20% 16% 14% 11%

When Other Veriable costs up by 1%% can be passed on to customer 0%Sales will go up to 145.53 145.53 155.23 155.23 164.93 164.93 164.93Other Veriable Cost up by 1% 8.75 9.27 10.20 10.82 11.87 12.61 13.41Contribution 136.78 136.26 145.04 144.41 153.06 152.32 151.53Fixed Costs 95.37 83.35 72.51 62.28 53.02 46.15 38.18BEP If Variable Expn. Go up by 1% 101.46 89.02 77.61 66.95 57.13 49.97 41.56% Sales 70% 61% 50% 43% 35% 30% 25%Cash Break Even of Sales 47.20 41.76 36.48 31.06 25.84 22.61 17.60% Sales 32% 29% 24% 20% 16% 14% 11%

Sensitivity to DSCRWhen Sales go down Sales (when down by) 10% 130.98 130.98 139.71 139.71 148.44 148.44 148.44Veriable costs also go down by 0% 8.66 9.18 10.10 10.71 11.76 12.49 13.27Fixed cost 95.37 83.35 72.51 62.28 53.02 46.15 38.18Total cost 104.03 92.52 82.60 72.99 64.77 58.64 51.45Operating Profits 26.95 38.45 57.11 66.72 83.67 89.80 96.99Depriciation & non cash charges 51.00 44.25 38.42 33.39 29.04 25.27 22.01Cash Accruals 77.95 82.70 95.53 100.10 112.70 115.07 119.00Interest on TL 37.59 31.92 26.24 20.57 14.89 9.22 3.55

D348

You can change the percentage depending on the unit

D365

You can insert any percentage here

D374


D375


D385


D386


D398


D399


RepaymentsGross DSCR 3.07 3.59 4.64 5.87 8.57 13.48 34.55Average Gross DSCR 0.30

When RM cost goes up by 10%% can be passed on to customer 0%Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93Veriable costs sales go up to 8.66 9.18 10.10 10.71 11.76 12.49 13.27Fixed cost 95.37 83.35 72.51 62.28 53.02 46.15 38.18Total cost 104.03 92.52 82.60 72.99 64.77 58.64 51.45Operating Profits 41.50 53.01 72.63 82.24 100.16 106.29 113.48Depriciation & non cash charges 51.00 44.25 38.42 33.39 29.04 25.27 22.01Cash Accruals 92.50 97.26 111.05 115.63 129.20 131.57 135.49Interest on TL 37.59 31.92 26.24 20.57 14.89 9.22 3.55Repayments 0.00 0.00 0.00 0.00 0.00 0.00 0.00Gross DSCR 3.46 4.05 5.23 6.62 9.67 15.27 39.21Average Gross DSCR 0.30

When Variable costs go up by 10%% can be passed on to customer 0%Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93Veriable costs sales go up to 9.53 10.10 11.10 11.78 12.93 13.73 14.60Fixed cost 95.37 83.35 72.51 62.28 53.02 46.15 38.18Total cost 104.89 93.44 83.61 74.06 65.95 59.89 52.78Operating Profits 40.64 52.09 71.62 81.17 98.99 105.05 112.15Depriciation & non cash charges 51.00 44.25 38.42 33.39 29.04 25.27 22.01Cash Accruals 91.64 96.34 110.04 114.56 128.02 130.32 134.17Interest on TL 37.59 31.92 26.24 20.57 14.89 9.22 3.55Repayments 0.00 0.00 0.00 0.00 0.00 0.00 0.00Gross DSCR 3.44 4.02 5.19 6.57 9.59 15.13 38.83Average Gross DSCR 0.42

RATIO ANALYSIS Rupees in LACS

Projection Projection Projection Projection Projection Projection ProjectionParticulars 2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20

... RATIOS1 Growth in Sales 0% 0% 7% 0% 6% 0% 0%2 Gross profit Ratio 54.56% 58.58% 63.93% 66.49% 70.02% 71.54% 72.09%3 PBDIT 130.10 129.17 137.29 136.20 144.09 142.79 140.374 PBDIT/sales 89.40% 88.76% 88.44% 87.74% 87.36% 86.57% 85.11%5 Operating Profits/Sales 28.52% 36.42% 46.79% 52.98% 60.73% 64.45% 68.80%6 PBT/Sales 28.52% 36.42% 46.79% 52.98% 60.73% 64.45% 68.80%7 PAT/Sales 23.16% 29.48% 37.75% 42.70% 48.89% 51.62% 55.06%8 Cash Accruals/ Sales 58.24% 59.92% 62.54% 64.25% 66.52% 66.97% 68.44%9 Sales/Equity 1.57 1.19 0.95 0.74 0.62 0.50 0.42

10 Sales / TTA 0.34 0.36 0.39 0.39 0.40 0.39 0.3711 Interest Coverage (Interest/PBDIT) 5147.53% 37.58% 26.54% 20.01% 12.95% 9.55% 4.12%12 PBDIT / Interest (Times) 3.46 4.05 5.23 6.62 9.67 12.73 28.7713 Deferred Debt/ Equity 3.06 1.93 1.16 0.68 0.35 0.14 0.0014 TOL/Equity 3.57 2.31 1.44 0.90 0.53 0.29 0.1215 Current Ratio (CA / CL) 1.58 2.15 2.83 3.52 4.32 5.15 5.9916 Current Ratio excluding TL Instalments 1.58 2.15 2.83 3.52 4.32 5.15 5.9917 CA / TTA (%) 17.61% 25.00% 33.43% 41.65% 50.07% 57.68% 64.40%18 Inentory+Receivables as days of Net Sales 0 0 0 0 0 0 019 Bank Borrowings/Current Assets 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%20 RM content in sales 0% 0% 0% 0% 0% 0% 0%21 ROCE(PBDIT incl.Other income/TTA) 30.71% 31.79% 34.32% 34.12% 35.29% 33.83% 31.90%

DSCRDebt Service Coverage Ratio CalculationsCash accruals 84.75 87.20 97.08 99.73 109.71 110.46 112.88

Interest on TL / Deffered Loans 37.59 31.92 26.24 20.57 14.89 10.22 4.21

Any cash inflow(eg.sales tax deferal, subsidy )

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Repayment Obligations of TL 0.00 0.00 0.00 0.00 0.00 0.00Repayment of other deffered LoansTotal Repayment 37.59 31.92 26.24 20.57 14.89 10.22 4.21

Net Debt Service Coverage Ratio (DSCR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00Gross Debt Service Coverage Ratio (DSCR) 3.25 3.73 4.70 5.85 8.37 11.81 27.79Average Net DSCR 0.21Average Gross DSCR #REF!

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

Security cover including Collateral SecuritySecurity Cover avilable ((NB+Collaeral-TL)/NB) 19% 22% 29% 39% 54% 74% 100%

M/s: GURUKRIPA COLD STORAGE, WAREHOUSING AND LOGISTICS-JORA Key IndicatorsKey Indicators Rupees in LACS

Projection Projection Projection Projection Projection Projection Projection2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2019-20

Net Sales 145.53 145.53 155.23 155.23 164.93 164.93 164.93Operating Profit 41.50 53.01 72.63 82.24 100.16 106.29 113.48 (Net) Other income 0.00 0.00 0.00 0.00 0.00 0.00 0.00PBDIT/Sales 89.40% 88.76% 88.44% 87.74% 87.36% 86.57% 85.11%PBT/Sales 28.52% 36.42% 46.79% 52.98% 60.73% 64.45% 68.80%PAT 33.70 42.90 58.60 66.29 80.63 85.14 90.82PAT/Net Sales 23.16% 29.48% 37.75% 42.70% 48.89% 51.62% 55.06%Cash Accruals 84.75 87.20 97.08 99.73 109.71 110.46 112.88Cash Accruals/Sales 58.24% 59.92% 62.54% 64.25% 66.52% 66.97% 68.44%Paid up Capital (PUC) 69.00 69.00 69.00 69.00 69.00 69.00 69.00TNW 92.59 122.63 163.65 210.05 266.49 327.49 392.69Adjusted TNW (TNW-Investment in associates) 92.59 122.63 163.65 210.05 266.49 327.49 392.69TOL/TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12TOL/Adjusted TNW 3.57 2.31 1.44 0.90 0.53 0.29 0.12C/R 1.58 2.15 2.83 3.52 4.32 5.15 5.99C/R excluding T/L instalments due in 1 year 1.58 2.15 2.83 3.52 4.32 5.15 5.99Net Sales/TTA (Times) 0.34 0.36 0.39 0.39 0.40 0.39 0.37PBT/TTA (%) 9.80% 13.04% 18.15% 20.60% 24.53% 25.18% 25.79%Operating costs/sales(%) 71.48% 63.58% 53.21% 47.02% 39.27% 35.55% 31.20%Bank Finance / Current Assets (%) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Inv + Rec. /N.S. (DAYS) 0 0 0 0 0 0 0 NWC / CA (%) 36.60% 53.45% 64.64% 71.56% 76.87% 80.57% 83.31%

D474

Repayment schedule has been taken from row number 198

D475

Any additional payment may be inserted

cold_storage.xls

Documents

gurukripa cold storage

bills purchased

working capital requirements

including public deposits

including stores

annual repair

ii iii iv

balance sheet diff