FlyAshBricks Financials

8/12/2019 FlyAshBricks Financials

1/53

Time

Activities

Purchase of LandCompany Registration

Approval & Sanction Loan

Planning & Construction of plant

Machine Ordering & Installation

Trial Runs & Training

SCHEDULE OF ACTIVITIES FOR TH

10 Days

INTIAL GESTATION P

10 Days


2/53

E INITIAL 2 MONTHS IN YEAR-1

10 Days 10 Days 10 Days 10 Days

RIOD : 2 MONTHS


3/53


4/53

Sr. No.

Particulars Quantity

Tonne

Rate Per

tonne

Consumpt

ion Per

Unit

Value of

Raw

material

1 Fly Ash 1,710 50 0.57 85,500

2

Stone

dust/Sand 660 2,000 0.22 1,320,000

3 Gypsum 150 300 0.05 45,000

4 Sludge Lime 480 2,200 0.16 1,056,000

Total 2,506,500

aining years

Particulars

Quantity

Rate per

tonne Total Cost Quantity

Rate per


Fly Ash 2,298 53.5 122,943 2,627 57 150,383 2,955

Stone

dust/Sand 887 2,140 1,898,180 1,014 2,290 2,321,857 1,140

Gypsum 202 321 64,842 230 343 78,998 259

Sludge Lime 645 2,354 1,518,330 737 2,519 1,856,341 829

Total 3,604,295 4,407,579

2nd Year 3rd Year

Raw Materials For 1st year


5/53

Transportation

cost per tonne

Total cost

incurred in

1st year

Total cost

incurred in

2nd year

Total cost

incurred in

3rd year

Total cost

incurred in

4th year

Total cost

incurred in

5th year

50 85,500 122,943 150,383 181,000 215,167

100 66,000 94,909 116,093 139,655 166,078

800 120,000 172,912 210,662 253,829 302,007

300 144,000 207,045 253,137 304,668 362,566

Total 415,500 597,809 730,274 879,152 1,045,819

Rate per


Rate per

tonne Total Cost

61 181,000 3,283 66 215,167

2,450 2,793,098 1,267 2,622 3,321,557

368 95,186 288 393 113,253

2,695 2,234,233 922 2,884 2,658,819

5,303,517 6,308,796

4th Year 5th Year

Transportation cost incurred


6/53

Notes

Sand

10/- per

cubic Ft.

Available

from Bina

From Wani, near nagpur


7/53

Sr. no. Particular Units

Unit

Price(Rs) Total Cost

1 Plant and Building

Land (sq.ft.) 15000 300,000

Civil work

Boundary

wall,Gate+Borewelldigging 125,000

total for civilwork

Civil work

Work shed + land

development(sq. ft.) 150,000 275,000

Total 575,000

2 Machinery

Fly ash Brick Machine 1 500,000 500,000

Pan Mixture 1 400,000 400,000

Conveyor 1 255,000 255,000

Hydraulic pallet truck 2 40,000 80,000

Borewell Motor 1 20,000 20,000

Total Of machinery 1,255,000

3

Office furniture and

fixtures 50,000

4 Electrification 25,000

5

Preliminary

expenses 100,000

6

Initial Working

capital expenditure 794,347

Total capital

Expenditure 2,799,347


8/53

Gross

Block

1,905,000


9/53


10/53

Serial

NumberLabour Number Unit Cost

Total Cost (Per

Month)

Total Cost (Per

Annum Year 1)Number

1 Plant supervisor 1 7,000 7,000 70000 1

2

Machine

operator 2 5,500 11,000 110,000 2

3 Helper(unskilled) 7 4,500 31,500 315,000 9

Sub Total 10 49,500 495,000


11/53

Total Cost (Per

Annum Year 2)Number

Total Cost (Per

Annum Year 3)Number

Total Cost (Per

Annum Year 4)Number

Total Cost (Per

Annum Year 5)

92,400 2 203,280 2 223,608 2 245,969

145,200 3 239,580 3 263,538 3 289,892

534,600 10 653,400 12 862,488 14 1,106,860

772,200 1,096,260 1,349,634 1,642,720


12/53

Sr NoMachine

Name

Number of

machines

(HP)

connected

kW/Units

per hour

Total

working

hours per

day

Rate

per unit

for 1st

year

Cost per

day for 1st

year

Working

days per

year

1Fly ash Brick

Machine 1 20 14.92 8 6.8 812 300

2 Pan Mixture 1 10 7.46 8 6.8 406 300

3 Conveyor 1 3 2.238 8 6.8 122 300

4Borewell

motor 1 2 1.492 1 6.8 10 300

Total 26.11 1,349


13/53

Total cost

incurred in 1st

year

Rate per unit

for 2nd year

Total cost

incurred in

2nd year

Rate per unit

for 3rd year

Total cost

incurred in 3rd

year

Rate per unit

for 4th year

Total cost

incurred in 4th

year

202,912 7.3 260,539 7.8 278,777 8.3 298,291

101,456 7.3 130,270 7.8 139,388 8.3 149,146

30,437 7.3 39,081 7.8 41,817 8.3 44,744

2,536 7.3 3,257 7.8 3,485 8.3 3,729

337,341 433,146 463,466 495,909


14/53

Rate per unit

for 5th year

Total cost

incurred in 5th

year

9.1 325,674

9.1 162,837

9.1 48,851

9.1 4,071

541,433


15/53

Serial

Number Labour Units Unit Cost

Total Cost

(Per

Month)

Total Cost

(Per Annum

Year 1)

Total Cost

(Per Annum

Year 2)

1 Watchman 1 4,500 4,500 45,000 59,400

2 Salesman 1 7,000 7,000 70,000 184,800

3 Telephone expenses 500 5,000 6,600

4 Misc. electricity 1,500 15,000 19,8005 Office supplies 25,000 5,500

6 Insurance 20,000 22,000

7 Maintenance cost 15,250 20,130

8 Director's salary 2 20,000 40,000 400,000 528,000

Total 595,250 846,230


16/53

Total Cost

(Per Annum

Year 3)

Total Cost

(Per Annum

Year 4)

Total Cost

(Per Annum

Year 5)

65,340 71,874 79,061

203,280 335,412 368,953

7,260 7,986 8,785

21,780 23,958 26,3546,050 6,655 7,321

24,200 26,620 29,282

22,143 24,357 26,793

580,800 638,880 702,768

930,853 1,135,742 1,249,317


17/53

Depreciation as per companies act 1956

Particular Rate Cost 1st year(2014) 2nd year 3rd year 4th year

Plant 13.91% 300,000 34,775 36,893 31,761 27,343

Civil work 10.00% 300,000 25,000 27,500 24,750 22,275

Machinery 13.91% 1,255,000 145,475 154,335 132,867 114,385

Office

Furniture 18.10% 50,000 7,542 7,685 6,294 5,155

Depreciation 212,792 226,413 195,672 169,158

Depreciation according to IT act

Particular Rate Cost 1st year 2nd year 3rd year 4th year

Plant 13.91% 300,000 34,775 36,893 31,761 27,343

Civil work 10.00% 300,000 25,000 27,500 24,750 22,275

Machinery 15.00% 1,255,000 156,875 164,719 140,011 119,009

Office

Furniture 10.00% 50,000 4,167 4,583 4,125 3,713

Depreciation 220,817 233,695 200,647 172,340


18/53

5th year

23,540

20,048

98,474

4,222

146,283

5th year

23,540

20,048

101,158

3,341

148,086


19/53

Particulars Percentage Amount

Owner's

Capital 30% of FA 571,500

Term loan 70% of FA 1,333,500

Total 1,905,000

1st year 2nd year 3rd year 4th year 5th year

Particulars

Cash credit 595,761 526,150 0 0 0

Owner's

contribution 198,587 526,150 1,313,029 1,549,827 1,797,116

Total 794,347 1,052,299 1,313,029 1,549,827 1,797,116

Total capital

expenditure

generated 2,699,347

Fixed assests financing

Working capital financing


20/53

fixed assest financing 571,500

WC financing 198,587

Total 1,070,087

Total of Owner's Capital


21/53

Serial Number

Particulars Period(month)

Year 1

(62.5 %

Capacity)

1 Current Assets

Raw Material Stock 1 208,875

WIP 0.5 90,427

Finished Goods 0.5 163,920Debtors 1 540,000

Total 1,003,222

2 Current Liabilities

Creditors 1 208,875

Total 208,875

Net Working Capital Requirement 794,347

permissible bank finance(maximum 75%) at 14% 595,761

Owner's contribution(25%) 198,587

Interest on working capital 14% 69,505


22/53

Year 2

(70% Capacity)

Year 3

(80% Capacity)

Year 4

(90%

Capacity)

Year 5

(100% Capacity)

300,358 367,298 441,960 525,733

130,261 161,615 193,620 212,619

256,758 315,062 378,721 446,013665,280 836,352 977,486 1,138,484

1,352,657 1,680,327 1,991,787 2,322,849

300,358 367,298 441,960 525,733

300,358 367,298 441,960 525,733

1,052,299 1,313,029 1,549,827 1,797,116

526,150 - - -

526,150 1,313,029 1,549,827 1,797,116

73,661 - - -


23/53


24/53


25/53

Year 1 2 3 4

Rate 3.60 3.96 4.36 4.79

Capacity Utilization 62.50% 70% 80% 85%

Total Production 1,410,000 2,005,200 2,289,600 2,440,800

Revenue Generated 5,076,000 7,940,592 9,973,498 11,695,337

Estimated production 1,500,000 2,016,000 2,304,000 2,448,000

Per day production 6,000 6,720 7,680 8,160

Closing stock for the year 90,000 100,800 115,200 122,400

Total Production 1,410,000 2,005,200 2,289,600 2,440,800


26/53

5

5.27

90%

2,584,800

13,623,860

100% utilization

2,592,000 2,880,000

8,640

129,600

2,584,800


27/53

Particulars

Amount per year

1 (in Rs.)

Amount per year

2 (in Rs.)

Amount per

year 3 (in Rs.)

Opening Stock of Raw Materials 0 208,875 300,358

Add Purchase of Raw Material 2,506,500 3,604,295 4,407,579

Add Purchasing Expenses on Raw Material 415,500 597,809 730,274Less Closing Stock of Raw Materials 208,875 300,358 367,298

RAW MATERIAL CONSUMED 2,713,125 4,110,621 5,070,913

Add Direct Wages 495,000 772,200 1,096,260

PRIME COST 3,208,125 4,882,821 6,167,173

Add Factory Overheads 337,341 433,146 463466.3279

Add opening WIP 0 90,427 130,261

Less Closing WIP 90,427 130,261 161,615

WORKS COST/Factory cost 3,455,039 5,276,133 6,599,286

Add Administration Overheads

COST OF PRODUCTION 3,455,039 5,276,133 6,599,286

Add Opening Stock of Finished Goods 0 163,920 256,758

Less Closing Stock of Finished Goods 163,920 256,758 315,062

COST OF GOODS SOLD 3,291,119 5,183,295 6,540,982

Add SGA 595,250 846,230 930,853

COST OF SALES 3,886,369 6,029,525 7,471,835

SALES 5,076,000 7,940,592 9,973,498

Unit Cost 2.76 3.01 3.26

SP 3.60 3.96 4.36Per unit Value Addition 1.41 1.86 2.11

Per unit VAT(4%) (margin included in profit) 0.06 0.07 0.08

Cost Sheet


28/53

Amount per

year 4 (in Rs.)

Amount per

year 5 (in Rs.)

367,298 441,960

5,303,517 6,308,796

879,152 1,045,819441,960 525,733

6,108,008 7,270,841

1,349,634 1,642,720

7,457,642 8,913,561

495,909 541,433

161,615 193,620

193,620 212,619

7,921,545 9,435,995

7,921,545 9,435,995

315,062 378,721

378,721 446,013

7,857,887 9,368,703

1,135,742 1,249,317

8,993,629 10,618,019

11,695,337 13,623,860

3.68 4.11

4.79 5.272.26 2.43

0.09 0.10


29/53

Term Loan Interest

1,333,500 13.50%

Year Interest Loan yet to be repaid Principal repayment

1 150,019 933,500 400,000

2 126,023 333,500 600,0003 45,023 - 333,500

4 - - -

5 - - -


30/53

SR.NO PARTICULARS Year 1 Year 2

1 INCOME

Sales 5,076,000 7,940,592VAT(4%) 79,637 149,540

NET SALES 4,996,363 7,791,052

2 EXPENDITURE

Raw Materials 2,506,500 3,604,295

Tranportation 415,500 597,809

Wages 495,000 772,200

Power 337,341 433,146

SGA 595,250 846,230

Total 4,349,591 6,253,680

3 PROFIT BEFORE INTEREST, DEP and TAX. 646,772 1,537,372

Depreciation 212,792 226,413

PROFIT BEFORE INTEREST and TAX. 433,980 1,310,960

4 less: Interest on term loan 150,019 126,023

less: Interest on WC 69,505 73,661

5 PROFIT BEFORE TAX 214,456 1,111,276

Tax(32.4%) 69,484 360,054

6 PROFIT AFTER TAX 144,972 751,223

7 DIVIDEND 0 40,000

8 DDT (@15%) 0 6,000

9 TRANSFER TO RESERVES AND SURPLUS 36,243 187,80610 To Net Profit 108,729 517,417

PROJECTED PROFIT AND LOSS ACCOUNT


31/53

Year 3 Year 4 Year 5

9,973,498 11,695,337 13,623,860193,426 220,507 250,770

9,780,072 11,474,831 13,373,091

4,407,579 5,303,517 6,308,796

730,274 879,152 1,045,819

1,096,260 1,349,634 1,642,720

463,466 495,909 541,433

930,853 1,135,742 1,249,317

7,628,433 9,163,955 10,788,084

2,151,639 2,310,876 2,585,007

195,672 169,158 146,283

1,955,967 2,141,718 2,438,724

45,023 0 0

0 0 0

1,910,945 2,141,718 2,438,724

619,146 693,917 790,147

1,291,799 1,447,801 1,648,577

200,000 200,000 400,000

30,000 30,000 60,000

322,950 361,950 412,144738,849 855,851 776,433


32/53

Balance Sheet

SR. NO. PARTICULARS Year 1 Year 2

SOURCES OF FUNDS:

1 Owner's Capital

a) Capital 1,070,087 1,070,087b) Net Profit(By P&L) 108,729 626,146

c) Reserves and Surplus 36,243 224,049

2 a) Term Loan from Bank 933,500 333,500

b) Cash Credit 595,761 526,150

c) Creditors 208,875 300,358

TOTAL 2,953,195 3,080,289

APPLICATION OF FUNDS:

1 FIXED ASSETS

a) Gross block 1,905,000 1,692,208

b) Depreciation 212,792 226,413

c) Net block 1,692,208 1,465,795

2 INVESTMENTS

3 CURRENT ASSETS

Inventories 463,222 687,377

Sundry debtors 540,000 665,280

Cash and bank balance 257,764 261,837

Loans & Advances

Total 1,260,987 1,614,494

TOTAL 2,953,195 3,080,289


33/53


1,070,087 1,070,087 1,070,0871,364,995 2,220,846 2,997,279

546,998 908,949 1,321,093

0 0 0

0 0 0

367,298 441,960 525,733

3,349,379 4,641,842 5,914,192

1,465,795 1,270,123 1,100,965

195,672 169,158 146,283

1,270,123 1,100,965 954,682

843,975 1,014,301 1,184,365

836,352 977,486 1,138,484

398,928 1,549,089 2,636,661

2,079,255 3,540,876 4,959,510

3,349,379 4,641,842 5,914,192


34/53


Net profit before tax 214,456 1,111,276 1,910,945

add: Transfer to Reserve - - -

Adjustment for:add: Depreciation 212,792 226,413 195,672

add: Preliminary Expenses 100,000 - -

add: Interest on Term Loan 150,019 126,023 45,023

add: Interest on Working Capital Loan 69,505 73,661 -

Operating profit before working capital

changes 746,772 1,537,372 2,151,639

Working capital changes:

Trade receivables(-) 540,000 125,280 171,072

Inventories(-) 463,222 224,155 156,598

Trade payables(+) 208,875 91,483 66,940

Cash generated from operating

activities: -47,575 1,279,420 1,890,910

Direct tax paid(-) 69,484 360,054 619,146

Net cash flow from operating activities -117,059 919,367 1,271,764

Cash flow from investing activities:Purchase of fixed assets(-) 1,905,000 - -

Sale of fixed assets (+) - - -

Preliminary expenses (-) 100,000 - -

Net cash flow from investing activities -2,005,000 -

Cash flow from financing activites:

Term Loan 1,333,500 - -

Promoter's Funds 1,070,087 - -

Loan Repayment(-) 400,000 600,000 333,500

Interest on Term Loan(-) 150,019 126,023 45,023

Interest on Working Capital Loan(-) 69,505 73,661 -

Dividend paid (-) - 46,000 230,000

Net cash flow from financing activities 1,784,063 -845,683 -608,523

Total -337,996 73,683 663,241

PROJECTED CASH FLOW STATEMENT


35/53

Cash at beginning of the year (+) - 257,764 261,837

New Cash Credit (for WC) (+) 595,761 526,150 -

Previous Cash Credit (for WC) (-) 595,761 526,150

Total 257,764 261,837 398,928


36/53

Year 4 Year 5

2,141,718 2,438,724

- -

169,158 146,283

- -

- -

- -

2,310,876 2,585,007

141,134 160,998

170,326 170,064

74,662 83,773

2,074,077 2,337,718

693,917 790,147

1,380,161 1,547,572

- -

- -

- -

- -

- -

- -

0 -

- -

230,000 460,000

-230,000 -460,000

1,150,161 1,087,572


37/53

398,928 1549089

- -

- -

1,549,089 2,636,661


38/53

Total per unit Total per unit

R.M. 2,506,500 1.78 4,110,621 2.05

Labour 495,000 0.35 772,200 0.39

Electricity 337,341 0.24 433,146 0.22Overheads 595,250 0.42 846,230 0.42

Total variable cost 3,934,091 2.79 6,162,197 3.07

S.P. 3.60 3.96

Contribution 1,141,909 0.81 1,778,395 0.89

Total Contribution

Fixed Cost

BEP (Period)

MA

Particulars

Year 1 Year 2

1141909 1778395


39/53

Total per unit Total per Unit Total per Unit

5,070,913 2.21 6,108,008 2.50 7,270,841 2.81

1,096,260 0.48 1,349,634 0.55 1,642,720 0.64

463,466 0.20 495,909 0.20 541,433 0.21930,853 0.41 1,135,742 0.47 1,249,317 0.48

7,561,492 3.30 9,089,293 3.72 10,704,310 4.14

4.36 4.79 5.27

2,412,005 1.05 2,606,044 1.07 2,919,550 1.13

GINAL COSTING


1,905,000

1 year 5 months 4 days

2412005 2606044 2,919,550


40/53


41/53

Particulars Cost Amount WACC Amount WACC

Equity 16% 1,070,087 1,070,087

Debt 9.13% 1,333,500 933500

Cash credit 9.46% 595,761 526,150

Year CFAT Depreciation CFAT + Dep. DF (1/(1+WACC PVCF

0 -1,905,000 -1,905,000 1.00 -1,905,000

1 144,972 312,792 457,764 0.90 410,015

2 751,223 226,413 977,635 0.80 777,919

3 1,291,799 195,672 1,487,471 0.67 994,374

4 1,447,801 169,158 1,616,959 0.55 893,032

5 1,648,577 146,283 1,794,860 0.48 854,556

3,929,897

2,024,897

WACC Calcul

Year1 Year2

Profitability Index 2.06

NET PRESENT VALUE (NPV) CALCULATION (DISCOUNTED PAYBACK PERIOD)

Present value of cash inflows

NPV

12.10%

Discounted pay-back period 2 Year 8 months 20 days

11.65%


42/53

Amount WACC Amount WACC Amount WACC

1,070,087 1,070,087 1,070,087

333500 0 0

0 0 0

Year CFAT Depreciation CFAT + Dep. CF Cumulative CF

0 -1,905,000 - -1,905,000 -1,905,000 -1,905,000

1 144,972 312,792 457,764 457,764 457,764

2 751,223 226,413 977,635 977,635 1,435,400

3 1,291,799 195,672 1,487,471 1,487,471 2,922,870

4 1,447,801 169,158 1,616,959 1,616,959 4,539,829

5 1,648,577 146,283 1,794,860 1,794,860 6,334,690

6,334,690

4,429,690

Payback Perio

ation

year3 year4 year5

PAYBACK PERIOD CALCULATION

Present value of cash inflows

NPV

14.37% 16.00% 16.00%

1 year 11 months 27 days


43/53

Particulars Amount

Total equity (Rs.) 1,070,087

Face value of each share (Rs.) 1

Total shares 1,070,087

Number of promoters 4Shares per promoter 267,522

SHAREHOLDING PATTERN


44/53

Year 1 Year 2 Year 3 Year 4

% of face value 0% 4% 19% 19%

Dividend per promoter - 10,000 50,000 50,000

Total dividend payout - 40,000 200,000 200,000

DIVIDEND PAYOUT


45/53

Year 5

37%

100,000

400,000


46/53

EQUITY AND LIABILITIES

Shareholders fundsShare capital 1,070,087

Reserves and surplus 36,243

By P&L Balance (Net Profit) 108,729

1,215,059

Non-current liabilities

Long-term borrowings 933,500

Other long-term liabilities -

Long-term provisions -

933,500

Current liabilities

Short-term borrowings 595,761

Trade payables 208,875

Other current liabilities -

Short-term provisions -

804,636

TOTAL 2,953,195

ASSETS

Non-current assetsFixed assets

Tangible assets 1,692,208

Intangible assets -

Capital work-in-progress -

Intangible assets under development -

1,692,208

Non-current investments -

Long-term loans and advances -

Other non-current assets -

1,692,208

Current assets

Current investments -

Inventories 463,222

Trade receivables 540,000

Cash and bank balances 257,764

Loss (Current Year) -

By P&L Balance (Net Loss) -

1,260,987

Orie

Years Year 1


47/53

TOTAL 2,953,195


48/53

1,070,087 1,070,087 1,070,087

224,049 546,998 908,949

626,146 1,364,995 2,220,846

1,920,282 2,982,080 4,199,882

333,500 - -

- - -

- - -

333,500 - -

526,150 - -

300,358 367,298 441,960

- - -

- - -

826,508 367,298 441,960

3,080,289 3,349,379 4,641,842

1,465,795 1,270,123 1,100,965

- - -

- - -

- - -

1,465,795 1,270,123 1,100,965

- - -

- - -

- - -

1,465,795 1,270,123 1,100,965

- - -

687,377 843,975 1,014,301

665,280 836,352 977,486

261,837 398,928 1,549,089

- -

- - -

1,614,494 2,079,255 3,540,876

nt maufacturing Pvt. Ltd.In Rs.



49/53

3,080,289 3,349,379 4,641,842


50/53

1,070,087

1,321,093

2,997,279

5,388,459

-

-

-

-

-

525,733

-

-

525,733

5,914,192

954,682

-

-

-

954,682

-

-

-

954,682

-

1,184,365

1,138,484

2,636,661

-

-

4,959,510

Year 5


51/53

5,914,192


52/53

Ratios Year 1 Year 2 Year 3 Year 4

Debt-equity 0.87 0.31 0.00 0.00

Interest coverage ratio 1.98 6.57 43.44 0.00

Current ratio 1.57 1.95 5.66 8.01

Quick ratio 0.99 1.12 3.38 5.72Inventory turnover 8.10 7.87 7.94 7.92

Debtors turnover 9.40 11.94 11.93 11.96

Working capital turnover 6.29 7.40 7.45 7.40

Fixed assets turnover 2.95 5.32 7.70 10.42

Operating profit margin 24.86% 30.59% 31.52% 30.04%

EBIT margin 8.69% 16.83% 20.00% 18.66%

Net profit margin 2.90% 9.64% 13.21% 12.62%

Return on equity 13.55% 70.20% 120.72% 135.30%

Return on net worth 11.93% 39.12% 43.32% 34.47%

Return on investment 6.75% 33.33% 43.32% 34.47%

FUNDAMENTALS


53/53

Year 5

0.00

0.00

9.43

7.188.05 COP/Inventory

11.97 sales/receivables

7.44 Net Sales/Working capital requirement

14.01 Net Sales/ Net block Net Block= Tangible Assets

28.67% Operating Profit/Net Sales

18.24% EBIT/Net Sales

12.33% EAT/Net Sales

154.06% EAT/Share Capital

30.59% EAT/Share holder's funds

30.59% EAT/Sources of Funds

FlyAshBricks Financials

Documents