Auto Brick Business Plan (Financial Plan)

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Annexure: C.IANNEXURE - C.I

Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year Reference

Capacity Utilization 95% 97% 98% 98% 98% 98% 98% 98% 98% 97%

Sales Revenue 185,538 197,421 199,920 199,920 199,920 199,920 199,920 199,920 199,920 197,880 Annexure-IV

Gross Profit 84,367 82,258 81,705 80,543 79,471 78,291 76,994 75,567 73,997 71,058 Annexure-III

Operating Profit 76,663 73,979 72,899 71,170 69,473 67,608 65,556 63,299 60,816 56,878 Annexure-III

Net Profit before Tax 37,858 40,322 44,428 47,968 51,537 54,931 58,135 58,472 55,921 51,958 Annexure-III

Net Profit after Tax 37,858 40,322 44,428 47,968 51,537 54,931 58,135 58,472 55,921 51,958 Annexure-III

Retained Earnings 37,858 40,322 44,428 47,968 51,537 54,931 58,135 58,472 55,921 51,958 Annexure-III

Gross Profit to Sales 45.47% 41.67% 40.87% 40.29% 39.75% 39.16% 38.51% 37.80% 37.01% 35.91% Annexure-III

Operating Profit to Sales 41.32% 37.47% 36.46% 35.60% 34.75% 33.82% 32.79% 31.66% 30.42% 28.74% Annexure-III

Net Profit to Sales (before Tax) 20.40% 20.42% 22.22% 23.99% 25.78% 27.48% 29.08% 29.25% 27.97% 26.26% Annexure-III

Net Profit to Sales (after Tax) 20.40% 20.42% 22.22% 23.99% 25.78% 27.48% 29.08% 29.25% 27.97% 26.26% Annexure-III

Investment-Service Coverage Ratio 1.08 1.11 1.18 1.25 1.32 1.41 1.52 15.78 15.05 14.18 Annexure-IX.B

Cost Per Brick 5.28 5.13 5.00 4.85 4.71 4.57 4.44 4.40 4.46 4.53

Weighted Average Cost Of Capital 4.13% Annexure-XIII

Financial Internal Rate Of Return (FIRR) 17.03% Annexure-XIV

Modified Internal Rate Of Return (MIRR) 17.08% Annexure-XV

Net Present Value (NPV) 578150.19 Annexure-XV

Break Even Sales 113157.11 118387.63 112168.50 Annexure-XVI

Break Even Capacity 58% 58% 55% Of Installed Capacity. Annexure-XVI

Pay-Back Period 6.47 Years Annexure-XVII

ESTIMATED FINANCIAL RESULTS

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ANNEXURE: C.IIANNEXURE - C.II

CAPITAL REQUIREMENT & PROPOSED MEANS OF FINANCEFIXED COST OF THE PROJECT (in 000)

Land And Land Development 130,000

Building and Civil Work 47,694

Machinery 209,576

Total Investment Req 387,270 Machinery Cost 209576 MEANS OF FINANCE a. Term

Against Total Estimated Cost of the Project Against Total Cost of Machinery & Equipment

Amount % Amount %

Long-term Loan 309816 80% 167661 80%

Bridge Financiang 0 0% 0 0%

Owner's Equity 77454 20% 41915 20%

Total 387270 100% 209576 100%

b. Working Capital

1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year

Bank's Finance:

Amount 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81

% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80%

Owners Equity 8922.10 9261.87 9522.46 9609.91 9706.11 9811.92 9928.30 10056.32 10197.14 10249.45

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ANNEXURE - C.III

ANNEXURE - C.III

EARNING FORECAST Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year Reference


Sales Revenue 185538.00 197421.00 199920.00 199920.00 199920.00 199920.00 199920.00 199920.00 199920.00 197880.00 Annexure-IV

Cost Of Goods Sold 101171.06 115163.13 118214.66 119377.07 120449.26 121628.66 122926.01 124353.09 125922.88 126821.82 Annexure-V

Gross Profit 84366.94 82257.87 81705.34 80542.93 79470.74 78291.34 76993.99 75566.91 73997.12 71058.18

Admin. & General Expenses 7703.85 8279.05 8806.10 9373.38 9997.29 10683.49 11438.21 12268.30 13181.30 14180.40 Annexure-VI

Income From Waste Raw Material 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Annexure-VII

Operating Profit 76663.09 73978.81 72899.24 71169.55 69473.45 67607.85 65555.78 63298.61 60815.83 56877.79

Financial Expenses 38804.96 33656.92 28470.87 23201.72 17936.76 12676.42 7421.15 4827.03 4894.63 4919.74 Annexure-IX

Net Profit before Tax 37858.13 40321.89 44428.37 47967.83 51536.69 54931.43 58134.63 58471.58 55921.20 51958.05

Income Tax (@35%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Income Tax Reserve 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Net Profit after Tax 37858.13 40321.89 44428.37 47967.83 51536.69 54931.43 58134.63 58471.58 55921.20 51958.05

Dividend Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Retained Earnings 37858.13 40321.89 44428.37 47967.83 51536.69 54931.43 58134.63 58471.58 55921.20 51958.05

Gross Profit to Sales 45.47% 41.67% 40.87% 40.29% 39.75% 39.16% 38.51% 37.80% 37.01% 35.91%

Operating Profit to Sales 41.32% 37.47% 36.46% 35.60% 34.75% 33.82% 32.79% 31.66% 30.42% 28.74%

Net Profit to Sales (before Tax) 20.40% 20.42% 22.22% 23.99% 25.78% 27.48% 29.08% 29.25% 27.97% 26.26%

Net Profit to Sales (after Tax) 20.40% 20.42% 22.22% 23.99% 25.78% 27.48% 29.08% 29.25% 27.97% 26.26%

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ANNEXURE - C.IV-A

Yearly Production at 100% Capacity

Item Quty(in Pcs) Total (in '000')

Bricks 30,000,000 8 240,000

Total Sales Revenue 240,000

Rate(in Taka)

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ANNEXURE - C.IV-b

ESTIMATED SALES REVENUE Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year Reference


Total Sales 228000.00 232800.00 235200.00 235200.00 235200.00 235200.00 235200.00 235200.00 235200.00 232800.00 Annexure-IV.A

Adjustment for Inventories:

Add. Opening Stock Of WIP 0.00 2520.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00

Less. Closing Stock Of WIP 2520.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00 2660.00

Add.Opening Stock Of FG 0.00 7200.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00

Less: Closing Stock Of FG 7200.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00 7600.00

218280.00 232260.00 235200.00 235200.00 235200.00 235200.00 235200.00 235200.00 235200.00 232800.00

LESS VAT

15% on Estimated Sales 32742.00 34839.00 35280.00 35280.00 35280.00 35280.00 35280.00 35280.00 35280.00 34920.00

Less adjustment with RM 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Annexure-V.A

Net VAT payable 32742.00 34839.00 35280.00 35280.00 35280.00 35280.00 35280.00 35280.00 35280.00 34920.00

Sales after paying VAT 185538.00 197421.00 199920.00 199920.00 199920.00 199920.00 199920.00 199920.00 199920.00 197880.00

Per Brick sp after paying vat 6.5101052632 6.7842268041 6.8 6.8 6.8 6.8 6.8 6.8 6.8 6.8

185250000.00 6.50 28,500,000 185250

Total Estimated Sales :

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ANNEXURE - C.V

COST OF GOODS SOLD 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year Reference


Raw Materials 60918.75 62201.25 62842.50 62842.50 62842.50 62842.50 62842.50 62842.50 62842.50 62201.25 Annexure-V.A

Salaries & Wages for Factory Stuff 8150.54 8965.60 9862.16 10848.37 11933.21 13126.53 14439.19 15883.10 17471.41 19218.56 Annexure-V.B

Depreciation 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 Annexure-V.C

Utilities 25436.25 25971.75 26239.50 26239.50 26239.50 26239.50 26239.50 26239.50 26239.50 25971.75 Annexure-V.C

Stores & Spares 1047.88 1571.82 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 Annexure-V.C

Repair & Maintenance 1286.35 1929.52 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 Annexure-V.C

Tax & Insurance 2038.10 2040.25 2041.32 2041.32 2041.32 2041.32 2041.32 2041.32 2041.32 2040.25 Annexure-V.C

Rent of Factory Land/Building 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Annexure-V.C

Other Manufacturing Overhead 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total 111741.38 115543.69 118517.44 119503.65 120588.49 121781.81 123094.46 124538.38 126126.69 126963.76

Adjustment for Inventories:

Add:Opening Stock Of WIP 0.00 2607.30 2696.02 2765.41 2788.42 2813.73 2841.58 2872.20 2905.90 2942.96 Annexure-VIII

C.O.G.S before adjustment of C.S 111741.38 118150.99 121213.45 122269.06 123376.91 124595.54 125936.04 127410.59 129032.59 129906.72

Less: Closing Stock Of WIP 2607.30 2696.02 2765.41 2788.42 2813.73 2841.58 2872.20 2905.90 2942.96 2962.49 Annexure-VIII

Total Cost Of Goods Sold 109134.08 115454.97 118448.05 119480.64 120563.18 121753.97 123063.83 124504.69 126089.63 126944.23

Add: O.S Of FinishedGoods 0.00 7963.01 8254.85 8488.24 8591.80 8705.72 8831.02 8968.84 9120.45 9287.20 Annexure-VIII

Goods Available For Sale 109134.08 123417.98 126702.90 127968.88 129154.98 130459.68 131894.85 133473.53 135210.08 136231.43

Less:C.S.Of Finished Goods 7963.01 8254.85 8488.24 8591.80 8705.72 8831.02 8968.84 9120.45 9287.20 9409.61 Annexure-VIII

Net Cost of Goods Sold: 101171.06 115163.13 118214.66 119377.07 120449.26 121628.66 122926.01 124353.09 125922.88 126821.82

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ANNEXURE - C.V-A

RAW MATERIALS :

Imported/Basic Raw-Materials:

Item C&F Value Vat

Coal 3,750 Mt 0.00 11500.00 43125.00

0 0.00 0.00 0.00 43125.00

Local Raw-Material :

Clay 2,100,000 10 21000

0 21000.00

Total (Imported + Local): 64125.00

Total Raw Material 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year

Requirement 60918.75 62201.25 62842.50 62842.50 62842.50 62842.50 62842.50 62842.50 62842.50 62201.25

Quantity(in cft)

Other Cost Related to Import

Landed CostPer Unit (In Taka)

Total C & F Cost (In '000' Taka)

Total VAT(In '000' Taka)

Total Other Costs(In'000' Taka)

Total Cost(In '000' Taka)

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ANNEXURE - C.V.B

Factory Staff:-

Position No(s) Salary/ Month Total Salary

Factory Office Staff 10 8,444 1,013.28

Machine Room Staff 20 8,267 1,984.08

Dryer Staff 10 7,500 900.00

Klin Staff 30 8,041 2,894.76

Sub - Total : 70 6,792.12

OPERATOR/ LABOR :

Category No(s) Salary/ Month Total Salary

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

Sub - Total : 0 0

GRAND TOTAL : 70 6,792.12

Annual Salaries & Wages for Factory Staff

Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year

of 39

Salary 6792.12 6792.12 7471.33 8218.47 9040.31 9944.34 10938.78 12032.65 13235.92 14559.51

Increment 0.00 679.21 747.13 821.85 904.03 994.43 1093.88 1203.27 1323.59 1455.95

Sub - Total : 6792.12 7471.33 8218.47 9040.31 9944.34 10938.78 12032.65 13235.92 14559.51 16015.46

Bonus 1358.42 1494.27 1643.69 1808.06 1988.87 2187.76 2406.53 2647.18 2911.90 3203.09

Total: 8150.54 8965.60 9862.16 10848.37 11933.21 13126.53 14439.19 15883.10 17471.41 19218.56

ANNEXURE - C.V.C


DEPRECIATION :

Building 2384.70 2384.70 2384.70 2384.70 2384.70 2384.70 2384.70 2384.70 2384.70 2384.70

Machinery 10478.80 10478.80 10478.80 10478.80 10478.80 10478.80 10478.80 10478.80 10478.80 10478.80

Total Depreciation : 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50

UTILITIES :

Water 0 0.00

Power 1000 KW 26400.00

Fuel & Lubricant ??????? 375.00

Gas 0 0.00

Total Requirement for Utilities: 25436.25 25971.75 26239.50 26239.50 26239.50 26239.50 26239.50 26239.50 26239.50 25971.75

STORE AND SPARES :

Requirement as % of M/C Cost: 0.50% 0.75% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%

Amount Required: 1047.88 1571.82 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76

REPAIR AND MAINTENANCE :

Machinery 1047.88 1571.82 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76

Building 238.47 357.71 476.94 476.94 476.94 476.94 476.94 476.94 476.94 476.94

Total Requirement 1286.35 1929.52 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70

TAX AND INSURANCE :

For Fixed Assets 1936.35 1936.35 1936.35 1936.35 1936.35 1936.35 1936.35 1936.35 1936.35 1936.35

For Inventory 101.75 103.90 104.97 104.97 104.97 104.97 104.97 104.97 104.97 103.90

Total Requirement: 2038.10 2040.25 2041.32 2041.32 2041.32 2041.32 2041.32 2041.32 2041.32 2040.25

RENT OF FACTORY LAND/BUILDING:

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Area of Land/Building : 0.00 Acres

Amount Required : 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Other Manufacturing Overhead

No.1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

No.2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

No.3 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ANNEXURE - C.VI

ADMINISTRATIVE, GENERAL AND SELLING EXPENSES


Directors Remuneration 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00

Administrative Salary 4680.00 5148.00 5663.80 6231.08 6854.99 7541.19 8295.91 9126.00 10039.00 11043.20

Write-off 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Postage, Telephone, Telegram et 172.50 175.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00

Stationary & Printing 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50

Traveling & Conveyance 175.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00

Advertisement & Marketing 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00

Entertainment 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00

Audit Fee 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00

Selling Expenses (0.25% on sales 463.85 493.55 499.80 499.80 499.80 499.80 499.80 499.80 499.80 494.70

Office Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Misc. Expense 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00

7703.85 8279.05 8806.10 9373.38 9997.29 10683.49 11438.21 12268.30 13181.30 14180.40

TOTAL ADMINISTRATIVE, GENERAL AND SELLING EXPANSES

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ANNEXURE - C.VI.B

ADMINISTRATIVE SALARY :

Position No(s) Monthly Salary Total Sal./ yr.

CEO 1 40000 480

General Manager 1 30000 360

Manager (Admin & Personnel) 1 15000 180

Manager ( Marketing) 1 15000 180

Manager ( Finance & Accounts) 1 15000 180

Manager ( Commercial) 1 15000 180

Manager ( Production) 1 15000 180

Officer Sales & Marking 1 10000 120

Purchase Officer 1 10000 120

Stock Officer 1 10000 120

Commercial Officer 1 10000 120

Accounts & Finance Officer 1 10000 120

Asst. Sales Officer 1 10000 120

Asst. Marketing Officer 2 10000 240

Asst. Store officer& Others 9 10000 1080

Security 1 10000 120

0 0 0

Total : 25 3900

Annual Requirement for Administrative Salary:

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Salary 3900.00 3900.00 4290.00 4719.00 5190.90 5709.99 6280.99 6909.09 7600.00 8360.00

Increment ( @10% per year ) 0.00 390.00 429.00 471.90 519.09 571.00 628.10 690.91 760.00 836.00

Sub - Total 3900.00 4290.00 4719.00 5190.90 5709.99 6280.99 6909.09 7600.00 8360.00 9196.00

Bonus 780.00 858.00 943.80 1038.18 1142.00 1256.20 1381.82 1520.00 1672.00 1839.20

Others 0.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00

Total Adminis. Salary : 4680.00 5148.00 5663.80 6231.08 6854.99 7541.19 8295.91 9126.00 10039.00 11043.20

DEPRECIATION AND WRITE-OFF :

Other Assets

Pre Operating Expenses

Total 0.00

ANNEXURE - C.VII

ASSESSMENT OF WORKING CAPITAL

Current Assets Tide-up Period (days) Current Assets Tide-up Period

Imported Raw Materials(LC & Bills S - Work In Process 7

Local Raw Matrials - Finished goods 20

Inventory of Imported Raw Materials 90 Receivable 60

Inventory of Local Raw Materials 60 Store & Spares 90

Current Assets 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year

Imported Raw Materials(LC & Bills S 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Local Raw Matrials 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Inventory of Imported Raw Materials 10242.19 10457.81 10565.63 10565.63 10565.63 10565.63 10565.63 10565.63 10565.63 10457.81

Inventory of Local Raw Materials 3325.00 3395.00 3430.00 3430.00 3430.00 3430.00 3430.00 3430.00 3430.00 3395.00

Work in Process 2607.30 2696.02 2765.41 2788.42 2813.73 2841.58 2872.20 2905.90 2942.96 2962.49

Finished Goods 7963.01 8254.85 8488.24 8591.80 8705.72 8831.02 8968.84 9120.45 9287.20 9409.61

Receivable 23889.04 24764.55 25464.71 25775.41 26117.16 26493.06 26906.53 27361.34 27861.60 28228.83

Stores & Spares 314.36 471.55 628.73 628.73 628.73 628.73 628.73 628.73 628.73 523.94

Total : 48340.91 50039.78 51342.70 51779.98 52260.96 52790.01 53371.94 54012.03 54716.11 54977.68

Less-Dep. Involves in WIP,FG & Rec 3730.42 3730.42 3730.42 3730.42 3730.42 3730.42 3730.42 3730.42 3730.42 3730.42

Total Working Capital Requiremen 44610.49 46309.36 47612.29 48049.56 48530.54 49059.59 49641.52 50281.61 50985.69 51247.27

Margin against W/C Finance 8922.10 9261.87 9522.46 9609.91 9706.11 9811.92 9928.30 10056.32 10197.14 10249.45

L384

Author: days are 360 instead of 300

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W/C for Bank Finance 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81

Break-up of Working Capital for Bank Finance

Non Funded (L/C Stage) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Funded:

For Bills Stage 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

For Inventory of Imported RM 8193.75 8366.25 8452.50 8452.50 8452.50 8452.50 8452.50 8452.50 8452.50 8366.25

For Inventory of Local RM 2660.00 2716.00 2744.00 2744.00 2744.00 2744.00 2744.00 2744.00 2744.00 2716.00

For WIP Stage 2085.84 2156.82 2212.33 2230.73 2250.99 2273.26 2297.76 2324.72 2354.36 2369.99

For FG Stage 6370.41 6603.88 6790.59 6873.44 6964.57 7064.82 7175.08 7296.36 7429.76 7527.69

For Receivable Stage 16378.39 17204.54 17890.42 18138.98 18412.37 18713.10 19043.88 19407.72 19807.93 20017.89

Sub-Total (Funded): 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81

Total W/C for Bank Finance: 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81

ANNEXURE - C.VII.A

TOTAL INCOME FROM OTHER SOURCES Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year

Short Term Investment 0 0 0 0 0 0 0 0 0 0

Waste Raw Material 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total : 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Item Quantity (Ton) Rate Total Sales Price

Usable 0 0 0

Unusable 0 0 0

Total Salable Waste 0 0

ANNEXURE - C.VII.B

Item Wise Unit Cost For Year 1

INCOME FROM SALES OF WASTE RAW MATERIAL

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Particular Pcs Prod Unit Cost

Raw Materials 60918.75 28500000 2.14 Salaries & Wages for Factory 8150.54 28500000 0.29 Depreciation 12863.50 28500000 0.45 Utilities 25436.25 28500000 0.89 Stores & Spares 1047.88 28500000 0.04 Repair & Maintenance 1286.35 28500000 0.05 Tax & Insurance 2038.10 28500000 0.07 Financial Expense 38804.96 28500000 1.36 Total 150546.34 5.28

ANNEXURE - C.VIII

FINANCIAL EXPENSES


Profit on Long Term Investment 34522.35 29211.22 23900.09 18588.96 13277.83 7966.70 2655.57 0.00 0.00 0.00

Profit on Bridge Financing

Profit on Working Capital Investment 4282.61 4445.70 4570.78 4612.76 4658.93 4709.72 4765.59 4827.03 4894.63 4919.74

Profit during Gestation Period on L.T.I 0.00 0.00 0.00

Total Financial Expenses 38804.96 33656.92 28470.87 23201.72 17936.76 12676.42 7421.15 4827.03 4894.63 4919.74

PROFIT ON LONG TERM INVESTMENT


Principal 309816.00 265556.57 221297.14 177037.71 132778.29 88518.86 44259.43 0.00 0.00 0.00

Principal Re-payment 44259.43 44259.43 44259.43 44259.43 44259.43 44259.43 44259.43 0.00 0.00 0.00

Closing Balance 265556.57 221297.14 177037.71 132778.29 88518.86 44259.43 0.00 0.00 0.00 0.00

Total Cost in 000

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Average Balance 287686.29 243426.86 199167.43 154908.00 110648.57 66389.14 22129.71 0.00 0.00 0.00

Profit/Rent 34522.35 29211.22 23900.09 18588.96 13277.83 7966.70 2655.57 0.00 0.00 0.00

PROFIT/COMMISSION ON WORKING CAPITAL FINANCE


Required Total W/C Finance/Investm 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81

Working Capital Finance(No-Funded 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Working Capital Investment(Funded) 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81

Commission on W/C Finance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Profit on W/C Investment 4282.61 4445.70 4570.78 4612.76 4658.93 4709.72 4765.59 4827.03 4894.63 4919.74

Total Profit/Commission: 4282.61 4445.70 4570.78 4612.76 4658.93 4709.72 4765.59 4827.03 4894.63 4919.74

ANNEXURE - IX.A

REPAYMENT SCHEDULE OF LONG TERM LOAN

Principal Loan 309816

Repayment Period 7.00 Years

Nos. of Installment 28 Quarterly

Annual Interest Rate 12.00% +

Installment Size (16,511.10)

Adjustment of Loan

Installment Interest Installment Interest

1st' 309816.00 9294.48 16511.10 7216.62 15th' 186510.55 5595.32 16511.10 10915.78

PrincipalOutstanding

InstallmentPaid

Principal Adjustment

PrincipalOutstanding

InstallmentPaid

Principal Adjustment

of 39

2nd' 302599.38 9077.98 16511.10 7433.11 16th' 175594.77 5267.84 16511.10 11243.25

3rd' 295166.27 8854.99 16511.10 7656.11 17th' 164351.52 4930.55 16511.10 11580.55

4th' 287510.16 8625.30 16511.10 7885.79 18th' 152770.97 4583.13 16511.10 11927.97

5th' 279624.37 8388.73 16511.10 8122.37 19th' 140843.00 4225.29 16511.10 12285.81

6th' 271502.00 8145.06 16511.10 8366.04 20th' 128557.20 3856.72 16511.10 12654.38

7th' 263135.97 7894.08 16511.10 8617.02 21st' 115902.81 3477.08 16511.10 13034.01

8th' 254518.95 7635.57 16511.10 8875.53 22nd' 102868.80 3086.06 16511.10 13425.03

9th' 245643.42 7369.30 16511.10 9141.79 23rd' 89443.77 2683.31 16511.10 13827.78

10th' 236501.63 7095.05 16511.10 9416.05 24th' 75615.99 2268.48 16511.10 14242.62

11th' 227085.58 6812.57 16511.10 9698.53 25th' 61373.37 1841.20 16511.10 14669.90

12th' 217387.05 6521.61 16511.10 9989.48 26th' 46703.47 1401.10 16511.10 15109.99

13th' 207397.57 6221.93 16511.10 10289.17 27th' 31593.48 947.80 16511.10 15563.29

14th' 197108.40 5913.25 16511.10 10597.84 28th' 16030.19 480.91 16511.10 16030.19

ANNEXURE - C.IX.B

INVESTMENT - SERVICE COVERAGE RATIO

Income 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year

Operating Profit 76663.09 73978.81 72899.24 71169.55 69473.45 67607.85 65555.78 63298.61 60815.83 56877.79

Depreciation & Write-off 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50

89526.59 86842.31 85762.74 84033.05 82336.95 80471.35 78419.28 76162.11 73679.33 69741.29

Liabilities for Re-payment 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year

Installment Of Term Investment 44259.43 44259.43 44259.43 44259.43 44259.43 44259.43 44259.43 0.00 0.00 0.00

Financial Expenses 38804.96 33656.92 28470.87 23201.72 17936.76 12676.42 7421.15 4827.03 4894.63 4919.74

Income Available ForMeeting Liability

of 39

Total Liability for Re-payment 83064.39 77916.35 72730.30 67461.15 62196.19 56935.85 51680.58 4827.03 4894.63 4919.74

1.08 1.11 1.18 1.25 1.32 1.41 1.52 15.78 15.05 14.18

ANNEXURE: C.X

PROJECTED CASH FLOW STATEMENT

Sources of Fund Const. Year 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year

Owners Equity in Fixed Investment 77454.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Increase in Current Liability 0.00 35688.40 1359.09 1042.34 349.82 384.78 423.24 465.54 512.08 563.26 209.26

Long Term Bank Loan 309816.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Bridge Financing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Retained Earnings 0.00 37858.13 40321.89 44428.37 47967.83 51536.69 54931.43 58134.63 58471.58 55921.20 51958.05

Tax Holiday Reserve 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Depreciation 0.00 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50 12863.50

Investment-Service Coverage Ratio(Times)

of 39

Equity Contribution in W/C 0.00 8922.10 339.77 260.59 87.46 96.20 105.81 116.39 128.02 140.82 52.32

Total Fund 387270.00 95332.12 54884.26 58594.79 61268.61 64881.17 68323.98 71580.06 71975.17 69488.78 65083.12

Application Of Fund : Const. Year 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year

Capital Investment 387270.000 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Pre Operating Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Increase In Current Assets 0.00 48340.91 1698.87 1302.93 437.28 480.98 529.05 581.93 640.09 704.08 261.58

Repayment Of Loan 0.00 44259.43 44259.43 44259.43 44259.43 44259.43 44259.43 44259.43 0.00 0.00 0.00

Total Application Of Fund : 387270.00 92600.34 45958.29 45562.36 44696.71 44740.41 44788.48 44841.36 640.09 704.08 261.58

Cash Surplus 0.00 2731.79 8925.96 13032.44 16571.90 20140.76 23535.50 26738.70 71335.08 68784.70 64821.55

Opening Cash Balance 0.00 0.00 2731.79 11657.75 24690.19 41262.09 61402.85 84938.35 111677.06 183012.14 251796.84

Closing Cash Balance 0.00 2731.79 11657.75 24690.19 41262.09 61402.85 84938.35 111677.06 183012.14 251796.84 316618.38

ANNEXURE - C.XI

PROJECTED BALANCE SHEET

Assets Construction 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th

Taka Taka Taka Taka Taka Taka Taka Taka Taka Taka Taka

Free Cash 0.00 2731.79 11657.75 24690.19 41262.09 61402.85 84938.35 111677.06 183012.14 251796.84 316618.38

Restricted Cash 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Cash Balance 0.00 2731.79 11657.75 24690.19 41262.09 61402.85 84938.35 111677.06 183012.14 251796.84 316618.38

Raw & Packing Materials 0.00 13567.19 13852.81 13995.63 13995.63 13995.63 13995.63 13995.63 13995.63 13995.63 13852.81

Work in Process 0.00 2607.30 2696.02 2765.41 2788.42 2813.73 2841.58 2872.20 2905.90 2942.96 2962.49

Finished Goods 0.00 7963.01 8254.85 8488.24 8591.80 8705.72 8831.02 8968.84 9120.45 9287.20 9409.61

Receivable 0.00 23889.04 24764.55 25464.71 25775.41 26117.16 26493.06 26906.53 27361.34 27861.60 28228.83

of 39

Store & Spares 0.00 314.36 471.55 628.73 628.73 628.73 628.73 628.73 628.73 628.73 523.94

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

Current Assets 0.00 51072.70 61697.52 76032.89 93042.07 113663.81 137728.36 165048.99 237024.17 306512.94 371596.07

Pre Operating Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Fixed Assets 387270.00 374406.50 361543.00 348679.50 335816.00 322952.50 310089.00 297225.50 284362.00 271498.50 258635.00

Total Assets 387270.00 425479.20 423240.52 424712.39 428858.07 436616.31 447817.36 462274.49 521386.17 578011.44 630231.07

Liabilities Construction 1st 2nd 3rd 4th 5 6 7 8 9 10

Taka Taka Taka Taka Taka Taka Taka Taka Taka Taka Taka

Long Term Loan 309816.00 265556.57 221297.14 177037.71 132778.29 88518.86 44259.43 0.00 0.00 0.00 0.00

Bridge Financing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Working Capital Loan 0.00 35688.40 37047.49 38089.83 38439.65 38824.43 39247.67 39713.22 40225.29 40788.55 40997.81

Total Liabilities 309816.00 301244.97 258344.63 215127.54 171217.94 127343.29 83507.10 39713.22 40225.29 40788.55 40997.81

Equity Taka Taka Taka Taka Taka Taka Taka Taka Taka Taka Taka

Paid Up Capital 77454.00 77454.00 77454.00 77454.00 77454.00 77454.00 77454.00 77454.00 77454.00 77454.00 77454.00

Equity from IPO 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Increment in Equity Participat 0.00 8922.10 9261.87 9522.46 9609.91 9706.11 9811.92 9928.30 10056.32 10197.14 10249.45

Tax Holiday Reserve 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Retained Earnings 0.00 37858.13 78180.02 122608.39 170576.22 222112.91 277044.34 335178.97 393650.55 449571.75 501529.80

Total Equity 77454.00 124234.23 164895.89 209584.85 257640.13 309273.02 364310.26 422561.28 481160.87 537222.89 589233.25

Total Liability & Equity 387270.00 425479.20 423240.52 424712.39 428858.07 436616.31 447817.36 462274.49 521386.17 578011.44 630231.07

Asset - (L+E) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ANNEXURE - C.XII

EXPECTED KEY RATIOS

Construction 1st 2nd 3rd 4th 5 6 7 8 9 10

DEBT ( % ) 80.00 70.80 61.04 50.65 39.92 29.17 18.65 8.59 7.72 7.06 6.51

EQUITY ( % ) 20.00 29.20 38.96 49.35 60.08 70.83 81.35 91.41 92.28 92.94 93.49

Current Ratio 0.64 0.76 0.92 1.13 1.37 1.65 1.97 5.89 7.51 9.06

Quick Ratio 0.33 0.45 0.61 0.81 1.05 1.33 1.65 5.23 6.86 8.41

Liquidity Ratio 0.03 0.14 0.30 0.50 0.74 1.02 1.33 4.55 6.17 7.72

of 39

Asset Ratio 1.41 1.64 1.97 2.50 3.43 5.36 11.64 12.96 14.17 15.37

Return on Equity Ratio 0.49 0.32 0.27 0.23 0.20 0.18 0.16 0.14 0.12 0.10

Working Capital to Total Assets(X1) 0.08 0.09 0.09 0.09 0.09 0.09 0.09 0.08 0.07 0.07

Retained Earnings to Total Assets(X2) 0.09 0.10 0.10 0.11 0.12 0.12 0.13 0.11 0.10 0.08

EBIT to Total Assets(X3) 0.18 0.17 0.17 0.17 0.16 0.15 0.14 0.12 0.11 0.09

Equity to Total Liabilities(X4) 0.41 0.64 0.97 1.50 2.43 4.36 10.64 11.96 13.17 14.37

Sales to Total Assets(X5) 0.44 0.47 0.47 0.47 0.46 0.45 0.43 0.38 0.35 0.31

Y-SCORE 1st 2nd 3rd 4th 5 6 7 8 9 10

Current Ratio 0.00 0.00 0.00 1.00 2.00 2.00 3.00 4.00 4.00 4.00

Quick Ratio 1.00 1.00 2.00 3.00 4.00 4.00 4.00 4.00 4.00 4.00

Liquidity Ratio 0.00 1.00 2.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00

Asset Ratio 1.00 1.00 2.00 3.00 4.00 4.00 4.00 4.00 4.00 4.00

Return on Equity Ratio 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 3.00

Total : 6.00 7.00 10.00 15.00 18.00 18.00 19.00 20.00 20.00 19.00

Z-SCORE

1st 2nd 3rd 4th 5 6 7 8 9 10

Z-Score 0.91 1.09 1.31 1.64 2.19 3.35 7.10 7.81 8.47 9.13

ANNEXURE - C.XIII

WEIGHTED AVERAGE COST OF CAPITAL

Const. Year 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year

Debt ( in % ) 80.00 70.80 61.04 50.65 39.92 29.17 18.65 8.59 7.72 7.06 6.51

Equity (in % ) 20.00 29.20 38.96 49.35 60.08 70.83 81.35 91.41 92.28 92.94 93.49

Z = 0.012 X1 + 0.014 X2 + 0.033 X3 + 0.006 X4 +0.999 X5

of 39

Cost of Debt 12.00%

Cost of Equity 0.00%

Corporate Tax 35.00%

Average Cost of Capital 12.80% 11.33% 9.77% 8.10% 6.39% 4.67% 2.98% 1.37% 1.23% 1.13% 1.04%

Weighted Average Cost of Capital = 4.13%

ANNEXURE - C.XIV

FINANCIAL INTERNAL RATE OF RETURN(FIRR)

Year Operating Profit Depreciation Cash in Flow Year Depreciation

1st 76663.09 12863.50 89526.59 11th' 0.00

Recovery of Capital

Operating Profit

Recovery of Capital

Cash In-flow

of 39

2nd 73978.81 12863.50 86842.31 12th' 0.00

3rd 72899.24 12863.50 85762.74 13th' 0.00

4th 71169.55 12863.50 84033.05 14th' 0.00

5th 69473.45 12863.50 82336.95 15th' 0.00

6th 67607.85 12863.50 80471.35

7th 65555.78 12863.50 78419.28

8th 63298.61 12863.50 76162.11

9th 60815.83 12863.50 73679.33

10th 56877.79 12863.50 216037.86 285779.15

Recovery Of Capital :

Item Cost Rate Amount

Land 130,000 100% 130000.00

Building 47,694 50% 23847.00

Machinery 209,576 10% 20957.60

Inventory 54977.68 75% 41233.26

Total : 216037.86

ANNEXURE - C.XIV Cont

Here CASH OUT FLOW IS WITHOUT THE BAK REPAYMENT

CASH FLOW STATEMENT FOR CALCULATION OF IRR :

of 39

Year 5% 10% 15% 20% 25% 30% 40%

Construction Year 387270.00 0.00 (387270.00) (387,270) (387,270) (387,270) (387,270) (387,270) (387,270) (387,270)

1st 48340.91 89526.59 41185.68 39,224 37,442 35,814 34,321 32,949 31,681 29,418

2nd 1698.87 86842.31 85143.45 77,228 70,366 64,381 59,127 54,492 50,381 43,441

3rd 1302.93 85762.74 84459.81 72,960 63,456 55,534 48,877 43,243 38,443 30,780

4th 437.28 84033.05 83595.77 68,774 57,097 47,796 40,314 34,241 29,269 21,761

5th 480.98 82336.95 81855.97 64,136 50,826 40,697 32,896 26,823 22,046 15,220

6th 529.05 80471.35 79942.30 59,654 45,125 34,561 26,773 20,956 16,562 10,617

7th 581.93 78419.28 77837.36 55,318 39,943 29,262 21,723 16,324 12,405 7,384

8th 640.09 76162.11 75522.02 51,116 35,232 24,688 17,564 12,670 9,258 5,117

9th 704.08 73679.33 72975.25 47,040 30,949 20,744 14,143 9,795 6,882 3,532

10th 261.58 285779.15 285517.57 175,283 110,079 70,576 46,113 30,657 20,711 9,871

11th' 0.00 0.00 0.00 0 0 0 0 0 0 0

12th' 0.00 0.00 0.00 0 0 0 0 0 0 0

13th' 0.00 0.00 0.00 0 0 0 0 0 0 0

14th' 0.00 0.00 0.00 0 0 0 0 0 0 0

15th' 0.00 0.00 0.00 0 0 0 0 0 0 0

Net Present value : 323464 153245 36782 (45418) (105120) (149632) (210129)

Internal / Financial Rate Of Return = 17.03%

Assumption: All the cash flows will be received at the end of every year.

If we consider that the cash flows will be received monthly basis instead of at the end of every year, as we assumed earlier then,

Internal / Financial Rate Of Return = 18.43%

(ANNEXURE - C.XIV Contd…)

Cash Outflow

Cash Inflow

Net Cash Inflow

of 39

Data:

Rate of Return 5% 10% 15% 20% 25% 30% 40%

NPV 323464 153245 36782 (45418) (105120) (149632) (210129)

ANNEXURE - C.XV

NET PRESENT VALUE (NPV) & MODIFIED INTERNAL RATE OF RETURN (MIRR)

5% 10% 15% 20% 25% 30% 40%

(300000)

(200000)

(100000)

0

100000

200000

300000

400000

NPV

Axis Title

Axis

Title

of 39

Year FV of NCI at WACC

Construction Year 387270.00 0.00 (387270.00) (387,270) 1.0041 (387,270)

1st 48340.91 89526.59 41185.68 41,169 1.0037 41,339 41,339

2nd 1698.87 86842.31 85143.45 85,073 1.0033 85,425 85,425

3rd 1302.93 85762.74 84459.81 84,355 1.0029 84,704 84,704

4th 437.28 84033.05 83595.77 83,458 1.0025 83,803 83,803

5th 480.98 82336.95 81855.97 81,687 1.0021 82,025 82,025

6th 529.05 80471.35 79942.30 79,745 1.0017 80,074 80,074

7th 581.93 78419.28 77837.36 77,613 1.0012 77,934 77,934

8th 640.09 76162.11 75522.02 75,273 1.0008 75,584 75,584

9th 704.08 73679.33 72975.25 72,705 1.0004 73,005 73,005

10th 261.58 285779.15 285517.57 284,342 1.0000 285,518 285,518

11th 0.00 0.00 0.00 0 0.0000 0 0

12th 0.00 0.00 0.00 0 0.0000 0 0

13th 0.00 0.00 0.00 0 0.0000 0 0

14th 0.00 0.00 0.00 0 0.0000 0 0

15th 0.00 0.00 0.00 0 0.0000 0 0

Net Present value : 578150

Modified Internal Rate Of Return : 17.08%

ANNEXURE - C.XVI

Cash Outflow

Cash Inflow

Net Cash Inflow (NCI)

NPV of NCI at WACC

DiscountCo-efficient (F/P)

CFI for MIRR

of 39

BREAK EVEN ANALYSIS

1st Year of Operation 2nd year of Operation 3rd year of Operation

Income (Net Sales+Other Income) 185538.00 197421.00 199920.00

Break-up Of Cost Fixed Cost Total Cost Fixed Cost Total Cost Fixed Cost Total Cost

Raw Materials 0.00 60918.75 60918.75 0.00 62201.25 62201.25 0.00 62842.50 62842.50

Wages & Salary 9570.33 3260.22 12830.54 10527.36 3586.24 14113.60 11581.09 3944.86 15525.96

Store & Spares 523.94 523.94 1047.88 785.91 785.91 1571.82 1047.88 1047.88 2095.76

Utilities 2543.63 22892.63 25436.25 2597.18 23374.58 25971.75 2623.95 23615.55 26239.50

Repair & Maintenance 643.18 643.18 1286.35 964.76 964.76 1929.52 1286.35 1286.35 2572.70

Rent , Tax & Insurance 1936.35 101.75 2038.10 1936.35 103.90 2040.25 1936.35 104.97 2041.32

Postage & Telegram 69.00 103.50 172.50 70.00 105.00 175.00 72.00 108.00 180.00

Stationary & Printing 25.00 37.50 62.50 25.00 37.50 62.50 25.00 37.50 62.50

Financial Expenses 34522.35 4282.61 38804.96 29211.22 4445.70 33656.92 23900.09 4570.78 28470.87

Traveling & Conveyance 70.00 105.00 175.00 100.00 150.00 250.00 100.00 150.00 250.00

Depreciation & Write-off 12863.50 0.00 12863.50 12863.50 0.00 12863.50 12863.50 0.00 12863.50

Advertisement & Marketing 0.00 500.00 500.00 0.00 500.00 500.00 0.00 500.00 500.00

Entertainment 90.00 60.00 150.00 90.00 60.00 150.00 90.00 60.00 150.00

Selling Expenses 0.00 0.00 463.85 0.00 493.55 493.55 0.00 499.80 499.80

Audit Fee 50.00 0.00 50.00 50.00 0.00 50.00 50.00 0.00 50.00

Directors Remuneration 1200.00 0.00 1200.00 1200.00 0.00 1200.00 1200.00 0.00 1200.00

Office Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Misc. Expenses 125.00 125.00 250.00 125.00 125.00 250.00 125.00 125.00 250.00

Total Cost 64232.27 93554.07 158250.18 60546.28 96933.38 157479.66 56901.22 98893.19 155794.41

Adjustment for WIP & FG (4321.37) (6248.94) (10570.31) (146.31) (234.24) (380.56) (110.58) (192.19) (302.77)

Net Total 59910.90 87305.13 147679.87 60399.97 96699.14 157099.11 56790.63 98701.00 155491.63

P . V Ratio 0.53 0.51 0.51

113157.11 118387.63 112168.50

Break Even Capacity 61% Of Assumed Capacity. 60% Of Assumed Capacity. 56% Of Assumed Capacity.

58% Of Installed Capacity. 58% Of Installed Capacity. 55% Of Installed Capacity.

(ANNEXURE - C.XVI Contd….)

Variable Cost

Variable Cost

Variable Cost

Break Even Sales

of 39

0% 10% 20% 30% 40% 50% 60% 70% 80%0.00

20000.00

40000.00

60000.00

80000.00

100000.00

120000.00

140000.00

160000.00

180000.00

Total CostFixed Cost Variable Cost

Axis Title

AM

OU

NT

TA

KA

IN

'0

00

'

of 39

Data

Total Cost Fixed Cost Variable Cost Sales

0% 59910.90 59910.90 0.00 0.00

10% 69100.91 59910.90 9190.01 19530.32

20% 78290.92 59910.90 18380.03 39060.63

30% 87480.94 59910.90 27570.04 58590.95

40% 96670.95 59910.90 36760.05 78121.26

50% 105860.96 59910.90 45950.07 97651.58

60% 115050.98 59910.90 55140.08 117181.89

70% 124240.99 59910.90 64330.10 136712.21

80% 133431.01 59910.90 73520.11 156242.53

of 39

ANNEXURE - C.XVII

PAY BACK PERIOD

Year Investment Balance

0 387270.00 0.00 0 0 0 387270.00

1 0.00 37858.13 12863.50 50721.63 50721.63 336548.37

2 0.00 40321.89 12863.50 53185.39 103907.02 283362.98

3 0.00 44428.37 12863.50 57291.87 161198.89 226071.11

4 0.00 47967.83 12863.50 60831.33 222030.22 165239.78

5 0.00 51536.69 12863.50 64400.19 286430.41 100839.59

6 0.00 54931.43 12863.50 67794.93 354225.34 33044.66

7 0.00 58134.63 12863.50 70998.13 425223.47 -37953.47 6.465

8 0.00 58471.58 12863.50 71335.08 496558.55 -109288.55

9 0.00 55921.20 12863.50 68784.70 565343.25 -178073.25

10 0.00 51958.05 12863.50 64821.55 630164.80 -242894.80

11 0.00 51958.05 12863.50 64821.55 694986.35 -307716.35

12 0.00 51958.05 12863.50 64821.55 759807.90 -372537.90

13 0.00 51958.05 12863.50 64821.55 824629.44 -437359.44

6.465

Net Profit before Tax

Depreciation& write off

Total Cash inflow

Cumulative cash flow

Pay backPeriod (Year)

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ANNEXURE - C.XVIII

ESTIMATED ECONOMIC RESULTS Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year Reference


Contribution to G. D. P 101274 102051 102374 102186 102186 102186 102186 102186 102186 100979 Annexure-XX

Employment Generation 95 Person

Cost per Job 4076.53

Benefit-Cost Ratio 1.65 Annexure-XXI

ANNEXURE - C.XIX

CONTRIBUTION TO G. D. P


A. Income 185538.00 197421.00 199920.00 199920.00 199920.00 199920.00 199920.00 199920.00 199920.00 197880.00

B. Less Inter- Firm Transaction :

Raw Materials 60918.75 62201.25 62842.50 62842.50 62842.50 62842.50 62842.50 62842.50 62842.50 62201.25

Store And Spares 1047.88 1571.82 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76 2095.76

Repair & Maintenance 1286.35 1929.52 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70 2572.70

Rent , Tax & Insurance 2038.10 2040.25 2041.32 2041.32 2041.32 2041.32 2041.32 2041.32 2041.32 2040.25

Utilities 25436.25 25971.75 26239.50 26239.50 26239.50 26239.50 26239.50 26239.50 26239.50 25971.75

Postage & Telegram 172.50 175.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00

Stationery & Printing 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50

Traveling & Conveyance 175.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00

Advertisement 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00

Entertainment 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00

Audit Fee 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00

Other Expenses 713.85 743.55 749.80 749.80 749.80 749.80 749.80 749.80 749.80 744.70

Sub-Total : 92551.18 95645.64 97734.08 97734.08 97734.08 97734.08 97734.08 97734.08 97734.08 96818.91

Adjustment for WIP & FG Inventorie 8287.05 276.00 187.70 0.00 0.00 0.00 0.00 0.00 0.00 -82.25

Total Inter-Firm Transaction (B): 84264.13 95369.64 97546.38 97734.08 97734.08 97734.08 97734.08 97734.08 97734.08 96901.15

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Contribution To G. D. P (A-B): 101273.87 102051.36 102373.62 102185.92 102185.92 102185.92 102185.92 102185.92 102185.92 100978.85

ANNEXURE - C.XX

BENEFIT-COST RATIO DISCOUNTED AT WACC

Year Total Cost Total Benefit

Construction Year 387270 0 0 387270 387270 0 0

1st 0 108875 12864 96011 92207 185538 178186

2nd 0 123442 12864 110579 101988 197421 182084

3rd 0 127021 12864 114157 101117 199920 177082

4th 0 128750 12864 115887 98581 199920 170065

5th 0 130447 12864 117583 96060 199920 163326

6th 0 132312 12864 119449 93717 199920 156854

7th 0 134364 12864 121501 91550 199920 150638

8th 0 136621 12864 123758 89555 199920 144669

9th 0 139104 12864 126241 87732 199920 138936

10th 0 141002 12864 128139 85522 197880 132069

11th 0 0 0 0 0 199920 128143

12th 0 0 0 0 0 199920 123065

13th 0 0 0 0 0 199920 118188

14th 0 0 0 0 0 199920 113504

15th 0 0 0 0 0 199920 109007

Net Present Value 1325299 2185815

Benefit Cost Ratio = 1.65

Employment Generation : 95 Person.

Cost Per Job : 4076.53 Thousand

Capital Expenditure

Operating Expenses

Non-CashExpenses

Discounted Present value

Discounted Present Value

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INPUT (Don’t Touch here)Sl. NoParticular Amount Tk Tk (in 000) Wizard 1 Daily Production Capacity 100,000 0.50 1.1 Yearly Production at 100% Ca 30,000,000

1.3 100% Capacity Sales 240,000,000 240,000 3 Raw Material3.1 Coal Qty Required MT 3,750 3.3 Clay Qty (cft) Required 2,100,000 4 Factory Staff:-4.1 Factory Office Staff 10 8,444 4.2 Machine Room Staff 20 8,267 4.3 Dryer Staff 10 7,500 4.4 Klin Staff 30 8,041 7 Depreciation Method: St. Line7.1 Life time of All assets 20 8 Utilities Qty Hour Days Rate Total Cost Cost in 000 8.1 Water - - 8.2 Power (KW) 1,000 8 300 11 26400000 26,400 8.3 Fuel & Lubricant ??????? 375,000 375 8.4 Gas - -

9 STORE AND SPARES COST IN COGS (Requirement as % of M/C Cost:)9.1 1st Year 0.50%9.2 2nd Year 0.75%9.3 3rd Year 1.00%9.4 4th Year 1.00%9.5 5th Year 1.00%

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9.6 6th Year 1.00%9.7 7th Year 1.00%9.8 8th Year 1.00%9.9 9th Year 1.00%9.10 10th Year 1.00%10 Tax and Insurance10.1 Tax and Insurance for fixed a 0.50%10.2 Tax and Insurance for invent 0.75%10.3 Income Tax Calculation No10.4 Income Tax Rate 35.00%11 Factory Rent (Acres) Qty Total Cost Cost in 000

Factory Rent (Acres) - - - 12 Other Manufacturing Overhead12.1 No.1 - - 12.2 No.2 - - 12.3 No.3 - -

13 Raw Material and Working Cap13.1 Imported Raw Materials(LC & - 13.2 Local Raw Matrials - 13.3 Inventory of Imported Raw M 90 13.4 Inventory of Local Raw Mater 60 13.5 Work In Process 7 13.6 Finished goods 20 13.7 Receivable 60 13.8 Store & Spares 90 13.9 Number of Days worked in Fa 300 14 ADMINISTRATIVE, GENERAL AND1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year

14.1 Directors Remuneration 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00

14.2 Write-off 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

14.3 Postage, Telephone, Telegram 172.50 175.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00

14.4 Stationary & Printing 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50

14.5 Traveling & Conveyance 175.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00

Tide-up Period (days)

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14.6 Advertisement & Marketing 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00

14.7 Entertainment 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00

14.8 Audit Fee 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00

14.9 Office Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

14.1 Misc. Expense 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00

15 ADMINISTRATIVE SALARY: Pos No(s) Monthly Salary

15.1 CEO 1 40000

15.2 General Manager 1 30000

15.3 Manager (Admin & Personnel) 1 15000

15.4 Manager ( Marketing) 1 15000

15.5 Manager ( Finance & Accounts) 1 15000

15.6 Manager ( Commercial) 1 15000

15.7 Manager ( Production) 1 15000

15.8 Officer Sales & Marking 1 10000

15.9 Purchase Officer 1 10000

15.1 Stock Officer 1 10000

15.1 Commercial Officer 1 10000

15.1 Accounts & Finance Officer 1 10000

15.1 Asst. Sales Officer 1 10000

15.1 Asst. Marketing Officer 2 10000

15.2 Asst. Store officer& Others 9 10000

15.2 Security 1 10000

Total 235,000 16 Salary Policy

16.1 Increment (% per year) 10%16.2 Bonus 20%17 Balance Sheet Information

17.1 Restricted Cash 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year

Restricted Cash - - - - - - - - - - 18 Pre Operating Expenses Ammount Taka Taka in 000 18.1 - - - 18.2 - - - 18.3 - - -

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18.4 - - - 18.5 - - -

Total - - - 19 Project Appraisal Inputs19.1 Number of year taken for cal 10 19 FINANCIAL INTERNAL RATE OF RETURN(FIRR)19.2 Recovery of Capital (Rate of Rate

Land 100%Building 50%Machinery 10%Inventory 75%

19.3 Range of Internal / Financial Rate Of Return19.3. Range 1 5%19.3. Range 2 10%19.3. Range 3 15%19.3. Range 4 20%19.3. Range 5 25%19.3. Range 6 30%19.3. Range 7 40%

WIP DETAILS

For Production capacity of 2,00,000 pieces per day






For Production capacity of 50,000 pieces per day






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INFORMATION SHEET

What is the Capacity of Daily Production?Select from Drop Down Menu and change the following options as necessary

100000

Land Rate Per Brick 8Land Development Coal Price Per Unit (MT) 11500 TEST CHANGE FROM 65000Total Land 130000 Coal Price Per Unit (cft) 10Building including civil work costs 47694 TEST CHANGE FROM 23847Machinery 209576 Capacity UtilizationTotal 387270 1st Year 95% TEST CHANGE FROM 23847Electricity Consumption (KW) 1000 2nd Year 97%Electricity Charges (Industries) Tk/KW 11 3rd Year 98%Daily Working Hour 8 4th Year 98%Drying Hour 24 5th Year 98% TEST CHANGE FROM 650Working days in a year 300 6th Year 98%Worker 20 TO 40 7th Year 98%Dollar Rate 83 8th Year 98%

9th Year 98%10th Year 97%

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Loan Repayment Period (Years) 7.00 Long-term Loan 80%Nos. of Installment for loan repayment per y 4.00 Owner's Equity 20%Interest Rate on Long Term Loan 12% Bridge Financing 0%Interest Rate on Working Capital 12.00% Amount of Bridge Financing 0Commission Rate on W/C Finance 1.05%

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Annexure-IX.B

Annexure-XVII

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Annexure-XXI

Auto Brick Business Plan (Financial Plan)

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