Annexure 8 - Details of Manpower

Details of Manpower

S. No. Designation In no. Salary per person per month Annual cost
i. Machine operators 5 20,000 1,200,000
ii. Accountant 0 -
iii. Labour/ helper 2 10,000 240,000
iv. Security 0 -
Total 1,440,000

Add: benefits @ 15% 216,000

Total 1,656,000

Total annual wages 1,656,000

Annual increase in wages 6%
Total manpower 7
Annexure 9 - Computation of Depreciation

Computation of Depreciation

Sr. No. Particulars Plant and Machinery Amount in lakhs

i. Cost 5,400,000 54
ii. Pre operatives - -
iii. Contingencies - -
Total 54

Rates of Depreciation 15% Total depreciation for the year

Year 1 810,000.00 810,000.00
Year 2 688,500.00 688,500.00
Year 3 585,225.00 585,225.00
Year 4 497,441.25 497,441.25
Year 5 422,825.06 422,825.06
Year 6 359,401.30 359,401.30
Year 7 305,491.11 305,491.11
Year 8 259,667.44 259,667.44
Year 9 220,717.33 220,717.33
Annexure 10 - Calculation of Income tax

Calculation of Income Tax

Year ending March 31st

Particulars
I II III IV V VI VII VIII IX
Net profit before tax 4,026,215 4,737,096 5,573,406 5,966,643 5,916,946 6,170,613 6,109,360 6,025,770 5,873,888
Add- dep on SLM - - - - - - - - -
Sub total 4,026,215 4,737,096 5,573,406 5,966,643 5,916,946 6,170,613 6,109,360 6,025,770 5,873,888
Less- Dep on WDV 810,000 688,500 585,225 497,441 422,825 359,401 305,491 259,667 220,717
Sub total 3,216,215 4,048,596 4,988,181 5,469,201 5,494,121 5,811,212 5,803,868 5,766,103 5,653,171
Less - Deductions - - - - - - - - -
Taxable profits 3,216,215 4,048,596 4,988,181 5,469,201 5,494,121 5,811,212 5,803,868 5,766,103 5,653,171
Income tax @30% 964,864 1,214,579 1,496,454 1,640,760 1,648,236 1,743,363 1,741,161 1,729,831 1,695,951
Annexure 11- Break even analysis (At maximum capacity utilization)

Break even capacity at maximum capacity utilization

Rentals 8,640,000
Variable cost
- Running and maintenance
cost 432,000
Contribution 8,208,000
Less: fixed cost
Wages and salaries 1,656,000
Depreciation 810,000
Miscellaneous expense 50,000
Interest on TL 420,591
Fixed cost 2,936,591

Particulars Maize Chaff Cutter

Rental per hr for Maize
Chaff Cutters 900
Running and maintenance
cost (per hr) 18
Fuel expense (per hr) 0
Miscellaneous expense (per
hr) 9
Contribution per hr 873
Contribution margin 97.00%
Sales ratio 100.00%
Proportionate contribution 97.00% 97.00%

BEP total in Rs. 3027413.21

Combine Harvester 3027413.21
Other Machine 0.00

Total BEP % 35.04%

Annexure 13 - Repayment schedule
Repayment schedule
Amount of Loan (in lakhs) 48.00
Rate of interest 9.00%
Repayment Period (Years) 7 14 Terms
EMI ₹ 4.70

Principal instalment Interest

Year Terms Balance outstanding
(in lakhs) (in lakhs)

1 48.00 ₹ 2.54 2.16

2025
2 45.46 ₹ 2.65 2.05
3 42.82 ₹ 2.77 1.93
2026
4 40.05 ₹ 2.89 1.80
5 37.15 ₹ 3.02 1.67
2027
6 34.13 ₹ 3.16 1.54
7 30.97 ₹ 3.30 1.39
2028
8 27.67 ₹ 3.45 1.25
9 24.22 ₹ 3.61 1.09
2029
10 20.61 ₹ 3.77 0.93
11 16.84 ₹ 3.94 0.76
2030
12 12.91 ₹ 4.11 0.58
13 8.79 ₹ 4.30 0.40
2031
14 4.49 ₹ 4.49 0.20
Annexure 11 - Cash flow statement

Particulars 0 I II III IV V VI VII

opening balance 600,000 600,000 1,353,051 1,755,515 2,064,651 2,283,949 2,389,528 1,685,059
Add: Capital 600,000 - - - - - - -
Add: Loan disbursement 4,800,000 - - - - - - -
Less: Purchase of asset 5,400,000 - - - - - - -
Add: Rentals realizations - 6,156,000 6,894,720 7,756,560 8,187,480 8,187,480 8,164,800 8,164,800
Less: Payment made to creditors of previos year - - 560,400 596,040 634,440 671,335 706,837 517,652
Add: Receipts from debtors of previos year - - 324,000 362,880 408,240 430,920 430,920 907,200
Less: Payments made for current year purchase - 1,415,600 1,500,920 1,592,724 1,681,058 1,766,188 2,189,850 2,298,608
Less: Interest payments - 477,785 423,544 364,229 299,364 228,429 193,885 119,787
600,000 4,862,615 6,086,906 7,321,961 8,045,508 8,236,397 7,894,676 7,821,012
Less: Income tax - 964,864 1,214,579 1,496,454 1,640,760 1,648,236 1,743,363 1,741,161
600,000 3,897,750 4,872,328 5,825,507 6,404,747 6,588,161 6,151,313 6,079,852
Less: Distrubutions made from profits - 2,026,215 2,550,615 3,142,554 3,445,597 3,461,296 3,661,063 3,656,437
600,000 1,871,535 2,321,713 2,682,953 2,959,150 3,126,864 2,490,250 2,423,415
Less: Principal repayment of loan - 518,484 566,198 618,302 675,201 737,337 805,190 879,288
Closing cash balance 600,000 1,353,051 1,755,515 2,064,651 2,283,949 2,389,528 1,685,059 1,544,127

PV dicounting rate 6.00%

PVF 1 0.943396226 0.889996440 0.839619283 0.792093663 0.747258173 0.704960540 0.665057114
Inflows 6,000,000 6,756,000 8,571,771 9,874,955 10,660,371 10,902,349 10,985,248 10,757,059
PV of Inflows 6,000,000 6,373,585 7,628,846 8,291,202 8,444,012 8,146,869 7,744,166 7,154,059
Outflows 5,400,000 5,402,949 6,816,256 7,810,304 8,376,422 8,512,821 9,300,188 9,212,933
PV of Outflows 5,400,000 5,097,122 6,066,444 6,557,682 6,634,911 6,361,275 6,556,266 6,127,126

Net cash inflow 600,000 1,353,051 1,755,515 2,064,651 2,283,949 2,389,528 1,685,059 1,544,127
Net Present value 600,000 1,276,463 1,562,402 1,733,521 1,809,102 1,785,594 1,187,900 1,026,933 14,090,374
Sales Budget
Year ending March 31st
Particulars I II III IV V VI VII VIII IX
Capacity utilization 75% 80% 90% 95% 95% 100% 100% 100% 100%
Operational hrs for Maize Chaff Cutters 7200 7680 8640 9120 9120 9600 9600 9600 9600
Total operational hours 7200 7680 8640 9120 9120 9600 9600 9600 9600
Rental Revenue 6480000 7257600 8164800 8618400 8618400 9072000 9072000 9072000 9072000

Production budget
Maize Chaff Cutter 6
Hours operation in a day 10 hours
Operation days in a year for Maize Chaff Cutter 160 days
Hours usage for Maize Chaff Cutter for the year 9600 hours

Products Rental per hr for

Maize Chaff Cutters

Output 900.0