INTRODUCTION

Name & Address:-

M/s. Jai Ganesh Stone Crusher

At. Post. Phulegaon, Lonikand
Tal.Haveli
Dist. Pune - 412416

Constitution:-

Partnership

Nature of Business:-

Manufacturing of Khadi+Stone
(Stone Quarry)
S.S.I.

Area of Operaation:-

Maharashtra State

Cost of the Project:-

8445123

Term Loan Requirement:-

4887515

Cash Credit

1157062

Security:-

Machinery & Stock + Debtors

REF. JAI GANESH STONE CRUSHER : PROJECT REPORT

ANNEXURE I

A]

ESTIMATED COST OF THE PROJECT:

PARTICULARS

AMOUNT Rs.

Civil Work & Developments

575000

Plant & Machinery [as per quotations]

4341687

Furniture & Power Fittings

1300000

Errection

300000

Working Capital

1928436

TOTAL:

B]

8445123

SOURCES OF FINANCE

PARTICULARS

I.

Own Contribution
Margin for Fixed Assets
Margin for Working Capital

AMOUNT Rs.

25% 1629172
40% 771375

2400546

II.

Term Loan from Bank

4887515

III.

Cash Credit from Bank

1157062

TOTAL:

8445123

REF. JAI GANESH STONE CRUSHER : PROJECT REPORT

ANNEXURE II
ESTIMATED EXPENSES:
PARTICULARS

1st Year

2nd Year 3rd Year

4th Year

5th Year

CAPACITY UTILISATION

OPENING STOCK

125400

154800

170280

187308

206039

SPARE PARTS

2496000

2745600

3020160

3322176

3654394

PROCESSING / CONVERSION COST

1248000

1372800

1510080

1661088

1827197

POWER

1248000

1372800

1510080

1661088

1827197

MANPOWER

6240000

6864000

7550400

8305440

9135984

CONTINGENCIES & OTHER EXPS

1497600

1647360

1812096

1993306

2192636

624000

686400

755040

830544

913598.4

ROYALTY
TRANSPORTATION

9984000 10982400 12080640 13288704 14617574

QUARY TO CRUSHER

2496000

2745600

3020160

3322176

3654394

PURCHASE OF BLASTING MATERIAL

580320

638352

702187.2

772405.9

849646.5

WATER CHARGES

355680

391248

430372.8

473410.1

520751.1

SELLING EXPENSES.

78600

86460

95106

104617

115078

ROYALTY TO GOVT.

187200

218400

249600

280800

312000

92565

92565

92565

92565

92565

INTEREST ON TERM LOAN

587724

460648

333573

206498

79422

ESTABLISHMENT CHARGES

252000

277200

304920

335412

368953

PROFESSIONAL CHARGES

25000

27500

30250

33275

36603

868753

749315

646705

558508

482660

INTEREST ON C.C.

DEPRECIATION

28986842 31513448 34314215 37429320 40886692

REF. JAI GANESH STONE CRUSHER : PROJECT REPORT

ANNEXURE III

ESTIMATED PROFITABILITY & CASH SURPLUS

PARTICULARS

SALES

1st Year

2nd Year

3rd Year

4th Year

5th Year

37440000

41184000

45302400

49832640

54815904

154800

170280

187308

206039

226643

TOTAL

37594800

41354280

45489708

50038679

55042547

LESS: ANNUAL EXP.

28986842

31513448

34314215

37429320

40886692

8607958

9840832

11175493

12609359

14155855

868753

749315

646705

558508

482660

PROFIT AFTER DEPRECIATION

9476711

10590147

11822198

13167867

14638515

LESS:

DRAWING
INCOME TAX

75000
2843013

82500
3177044

90750
3546659

99825
3950360

109808
4391554

TOTAL DRAWINGS

2918013

3259544

3637409

4050185

4501362

CASH AVAILABLE FOR REPAYMENT OF LOAN:

6558698

7330603

8184789

9117682

10137153

1221879

1221879

1221879

1221879

1221879

5336819

6108724

6962910

7895803

8915274

CLOSING STOCK

NET PROFIT
ADD: DEPRECIATION

LESS:

REPAYMENT OF:
BANK LOAN

ANNUAL CASH SURPLUS:

REF. JAI GANESH STONE CRUSHER : PROJECT REPORT

ANNEXURE V

ESTIMATED CASH FLOW FOR FIRST FIVE YEARS

Before
Operation

I
Year

II
Year

III
Year

IV
Year

V
Year

A. SOURCES OF FUNDS:
PROPRIETORS CAPITAL

2400546

SEED MONEY FROM SIDBI

PROFIT BEFORE TAXES

9476711 10590147 11822198 13167867 14638515

TERM LOAN FROM BANK

4887515

INCREASE IN CASH CREDIT FROM BANK

1157062

DEPRECIATION
A

868753

749315

646705

558508

482660

8445123 10345464 11339462 12468903 13726375 15121175

B: APPLICATION OF FUNDS:
CAPITAL EXPENDITURE

8445123

INCREASE IN WORKING CAPITAL

6334767

6968244

7665068

8431575

9274733

REPAYMENT OF BANK LOAN

1221879

1221879

1221879

1221879

1221879

75000

82500

90750

2843013

3177044

3546659

3950360

4391554

100000

100000

100000

100000

100000

DRAWINGS
INCOME TAX
INVESTMENT /DEPOSIT
B:
C CASH SURPLUS[A-B]
ADD: OPENING BALANCE
CASH BALANCE

99825 109807.5

8445123 10574659 11549667 12624356 13803639 15097973

-229195
-229195

-210205
-229195
-439400

-155453
-439400
-594853

-77264
-594853
-672116

23202
-672116
-648915

REF. JAI GANESH STONE CRUSHER : PROJECT REPORT

ANNEXURE VI
PROJECTED BALANCE SHEETS FOR THE FIRST FIVE YEARS:

Before
Operation
Rs.

I
Year
Rs.

II
Year
Rs.

III
Year
Rs.

IV
Year
Rs.

V
Year
Rs.

A. CAPITAL & LIABILITY:

PROPRIETOR'S CAPITAL

2400546

2400546

8959244 16289847 24474636 33592318

ADD. PROFIT

9476711 10590147 11822198 13167867 14638515

LESS : DRAWING

2918013

3259544

3637409

4050185

4501362

2400546

8959244 16289847 24474636 33592318 43729471

CASH CREDIT FROM BANK

1157062

1157062

1157062

1157062

1157062

1157062

TERM LOAN FROM BANK

4887515

3910012

2932509

1955006

977503

8445123 14026318 20379418 27586704 35726883 44886532

B. ASSETS
PLANT & MACHINERY
(FULLY AUTOMATIC)

4341687

3690434

3136869

2666339

2266388

1926430

CIVIL WORK & DEVELOPMENTS 575000

517500

465750

419175

377258

339532

1053000

947700

852930

767637

FURNITURE & FITTINGS

1300000

1170000

CURRENT ASSETS

2528436

7912366 14202721 20900204 28098610 35898626

ERECTION

300000

270000

243000

218700

196830

177147

INVESTMENTS

100000

200000

300000

400000

500000

CASH & BANK BALANCE

366018

1078078

2134586

3534867

5277161

9045123.4 14026318 20379418 27586704 35726883 44886532

REF. JAI GANESH STONE CRUSHER : PROJECT REPORT

ANNEXURE VII
DEPRECIATION SCHEDULE:

Year ASSETS
ORIGINAL COST
I

LESS: DEPRECIATION
W.D.V.

II

LESS: DEPRECIATION
W.D.V.

III

LESS: DEPRECIATION
W.D.V.

IV

LESS: DEPRECIATION
W.D.V.

LESS: DEPRECIATION
W.D.V.

PLANT & MACHINERY CIVIL WORK FURNITURE ERRECTION

TOTAL

4341687

575000

1300000

300000

6516687

651253

57500

130000

30000

868753

3690434

517500

1170000

270000

5647934

553565

51750

117000

27000

749315

3136869

465750

1053000

243000

4898619

470530

46575

105300

24300

646705

2666339

419175

947700

218700

4251914

399951

41918

94770

21870

558508

2266388

377258

852930

196830

3693405

339958

37726

85293

19683

482660

1926430

339532

767637

177147

3210745

REF. JAI GANESH STONE CRUSHER : PROJECT REPORT

ANNEXURE VIII

PROJECT RATIO ANALYSIS FOR THE FIRST FIVE YEARS

DEBT SERVICE COVERAGE RATIO:

PROFIT AFTER TAX + DEPRECIATION + INT ON TERM LOAN
INT.ON TERM LOAN + TERM REPAYMENNT INSTALLMENTS
DSCR
I

II

III

IV

8015175

8540566

9165067

9882688 10699235

1809603

1682527

1555452

1428376

1301301

4.43

5.08

5.89

6.92

8.22

Average DSCR for 3 yrs

6.11

REF. JAI GANESH STONE CRUSHER : PROJECT REPORT

ANNEXURE IX

PROJECT RATIO ANALYSIS FOR THE FIRST FIVE YEARS

DEBT EQUITY RATIO:-

LONG TERM LOAN LIABILITY

CAPITAL+NET PROFIT BEFORE DEPRECIATION

3910012
11008505

0.35518105

II

2932509
1157062

2.53444466

III

1955006
6936264

0.2818529

IV

977503
9154366

0.10677998

0
11794979

0.65565172

Average

REF. JAI GANESH STONE CRUSHER : PROJECT REPORT

WORKING CAPITAL REQUIREMENT

INV.IN DEBTORS

6179967

60 DAYS CREDIT
CLOSING STOCK

TOTAL

154800

6334767

REF. JAI GANESH STONE CRUSHER : PROJECT REPORT

SCHEDULE-I
CALCULATION OF INTEREST PAID ON TERM LOAN

PARTICULARS

QTRS.

II

YEARS
III

IV

AMT OUTSTANDING
AT THE BEGINNING

4887515

3910012

2932509

1955006

977503

AMT OUTSTANDING
AT THE BEGINNING

II

4643139

3665636

2688133

1710630

733127

AMT OUTSTANDING
AT THE BEGINNING

III

4398764

3421261

2443758

1466255

488752

AMT OUTSTANDING
AT THE BEGINNING

IV

4154388

3176885

2199382

1221879

244376

18083806 14173794 10263782

6353770

2443758

TOTAL RS.
AVERAGE
INTEREST @

13%

INSTALLMENT PER QUARTER

244376

4520952

3543449

2565946

1588442

610939

587724

460648

333573

206498

79422

REF. JAI GANESH STONE CRUSHER : PROJECT REPORT

PRODUCTION PER YEAR
WORKING DAYS PER YEAR
22 DAYS

12 MONTHS

ROUNDED

264
260

WORKING HOUR PER YEAR

260 DAYS

8 HOURS

2080

2080 HOURS

24960

24960

TOTAL CRUSHING PER HOUR

2 CRUSHER UNITS

12 BRASS

TOTAL CRUSHING PER YEAR

SALES PER YEAR
A. SELLING PRICE FOR SAND

RS.

1800

SALES FOR EACH YEAR

RS.

22464000

RS.

22464000

RS.

1200

RS.

14976000

RS.

14976000

B. SELLING PRICE FOR GRIT /METAL

SALES FOR EACH YEAR

TOTAL SALES ( A + B )

37440000

COST OF RAW MATERIAL

SPARE PARTS

RS.

100 PER BRASS

2496000

PROCESSING / CONVERSION COST

RS.

50 PER BRASS

1248000

POWER

RS.

50 PER BRASS

1248000

MANPOWER

RS.

250 PER BRASS

6240000

CONTINGENCIES & OTHER EXPS

RS.

60 PER BRASS

1497600

ROYALTY

RS.

25 PER BRASS

624000

TRANSPORTATION

RS.

400 PER BRASS

9984000

QUARY TO CRUSHER

RS.

100 PER BRASS

2496000

COST PER YEAR

1035

25833600

DAYS
DAYS
HOURS
BRASS
BRASS

REF. JAI GANESH STONE CRUSHER : PROJECT REPORT

STATEMENT OF WORKING CAPITAL REQUIREMENTS & FINANCE
COMPONENETS OF WORKING CAPITAL
1st Year

2nd Year

3rd Year

4th Year

RAW MATERIAL STOCK

75636
( 8 DAYS MATERIAL COST OF MATERIAL)

83200

91520

100672

FINISHED GOODS STOCK

695520
( 7 DAYS MATERIAL COST OF MATERIAL)

765072

841579

925737

RECEIVABLE
( 3 DAYS SALES AVG.)

298080

327888

360677

396744

STOCK OF SPARE PARTS

( 10 DAYS SALES AVG.)

993600

1092960

1202256

1322482

GROSS WORKING CAPITAL

2062836

2269120

2496032

2745635

CREDITORS
( 14 DAYS RAW MATERIAL )

134400

147840

162624

178886

NET WORKING CAPITAL

1928436

2121280

2333408

2566749

BANK BORROWINGS @
60%
OF NET WORKING CAPITAL

1157062

1272768

1400045

1540049

771375

848512

933363

1026700

MARGIN MONEY

5th Year
110739

1018311

436419

1454730

3020199
196775

2823424
1694054

1129369

DAILY PRODUCTION
1 HOUR

IN BRASS CRUSHER
6

RATE
1800

21600

ROYALTY

RS.

25 PER BRASS

150

ELECTRICITY

RS.

50 PER BRASS

300

TRANSPORTATION

RS.

400 PER BRASS

2400

QUARY TO CRUSHER

RS.

100 PER BRASS

REF. JAI GANESH STONE CRUSHER : PROJECT REPORT

ANNEXURE IV
STATEMENT SHOWING QUARTERLY REPAYMENT OF TERM
LOAN & INTEREST THEREON AT 10.50% P. A.

YEAR

QUARTER PRINCIIPAL AMT

1
2
3
4

4593350
4593350
4593350
4338164

II

5
6
7
8

III

9
10
11
12

3062233
2807047
2551861
2296675

IV

13
14
15
16

2041489
1786303
1531117
1275931

17
18
19
20

1020744
765558
510372
255186

REPAYMENT
nil
nil
255186
255186
Yearly Interest
255186
255186
255186
255186
Yearly Interest
255186
255186
255186
255186
Yearly Interest
255186
255186
255186
255186
Yearly Interest
255186
255186
255186
255186
Yearly Interest

BALANCE
4593350
4593350
4593350
4082978
3827792
3572606
3317419
3062233
2807047
2551861
2296675
2041489
1786303
1531117
1275931
1020744
765558
510372
255186
0.00

INTEREST
120575
120575
120575
113877
475602
107178
100480
93781
87082
388521
80384
73685
66986
60288
281343
53589
46890
40192
33493
174164
26795
20096
13397
6699
66987