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PROJECT REPORT

OF

BIOMASS BRIQUETTES
M/S. ARYA BIO MASS

-: Prepared by:-

SHREYANS TEJPAL SHAH


Chartered Accountants
127/2, Rockel Lane,
Vakharbhag, Sangli
Tel: (0233) 2623625, 2622536

HIGHLIGHTS OF THE PROJECT

1.

Name of the Project

: ARYA BIO MASS

2.

Address of unit

: Gat No. 526, Shivajinagar, Borgaon,


Tal. Walwa, Dist. Sangli

3.

Constitution

: Proprietorship

4.

Nature of Activity

: Manufacturing of Biomass Briquettes

5.

Proprietor

: Mrs. Swati Vikas Patil

6.

Cost of Project

: 45.00 Lacs

7.

Means of Finance

: Capital

33.00 Lacs

Bank Loan

12.00 Lacs

Total

45.00 Lacs

Project Report of M/s. Arya Bio Mass, prepared by CA Tejpal Chandrakant Shah

PROJECT REPORT
OF
BIOMASS BRIQUETTING
M/S. ARYA BIO MASS

Introduction
Biomass briquettes are a biofuel substitute to coal and charcoal. Briquettes are mostly
used in the developing world, where cooking fuels are not as easily available. There has been a
move to the use of briquettes in the developed world, where they are used to heat industrial
boilers in order to produce electricity from steam. The briquettes are cofired with coal in order
to create the heat supplied to the boiler when the higher heat is needed.
This project is a project of manufacturing of Briquettes from any agro waste, bio mass and
bio waste. In this project, we intend to import and install a new technology from abroad, with
the help of which, we will be able to produce smoke less coal briquettes made from all types of
agro waste and biomass waste which currently are not used in conventional briquettes.

Introduction of the promoters:


This project is proposed by Mrs. Swati Vikas Patil. They have formed a private limited
company in the name as M/s. Arya Bio Mass for this project and both shall look after the
business. They have studied well about the market and now decided to start own unit.

Project Report of M/s. Arya Bio Mass, prepared by CA Tejpal Chandrakant Shah

Unit Registration Details:


This project is proposed as a proprietorship concern. Thus there is no process regarding
formation. This project shall be a small scale unit as per GR of Govt. of Maharashtra and MSME
Act. Registration under MSME Act as a SSI unit given by DIC is in process.
Technical Aspects & Production:
Biomass briquettes, mostly made of green waste and other organic materials, are
commonly used for electricity generation, heat, and cooking fuel. These compressed compounds
contain various organic materials, including rice husk, bagasse, ground nut shells, municipal solid
waste, and agricultural waste. The composition of the briquettes varies by area due to the
availability of raw materials. The raw materials are gathered and compressed into briquette in
order to burn longer and make transportation of the goods easier. These briquettes are very
different from charcoal because they do not have large concentrations of carbonaceous
substances and added materials. Compared to fossil fuels, the briquettes produce low net total
greenhouse gas emissions because the materials used are already a part of the carbon cycle and
nothing new is introduced in the cycle.
One of the most common variables of the biomass briquette production process is the
way the biomass is dried out. Manufacturers can use torrefaction, carbonization, or varying
degrees of pyrolysis. Researchers concluded that torrefaction and carbonization are the most
efficient forms of drying out biomass, but the use of the briquette determines which method
should be used. Basically, this is a physical process of percussion to be carried out. The process is
a continuous type having a small pressure Ram which continuously ramming the raw material
through the die, resulting into compressed briquettes.
Here, it is intended to introduce a new technology which is prevailing in the world market,
but it is not yet used in India. It is a technically improved technology giving smokeless coal at
lower cost and better results out of the bio waste. In India, the major used material for briquettes
is Baggasse while, with this machine agro waste such as dried plants, leaf waste of sugar cane
and other crops can be used for briquettes.

Project Report of M/s. Arya Bio Mass, prepared by CA Tejpal Chandrakant Shah

Building:
The machine is of robust design and is very compact in nature. It requires around 70 sq.
ft. of space. But, the remaining matters such as the raw material, and the finished goods requires
huge space. Thus for a project of 1000 Kg / Hr., around 2500 Sq. Ft. building shall be required,
estimated cost of which shall be around 10 Lacs. In this building, all the machinery i.e.
briquetting press and the chaff cutter shall be housed along with the materials stock. Building
required for this project shall include a small part for machinery and mostly open shed to store
the raw material.
Capacity:
Production capacity

1000 Kg. / Hr.

No. of working Day

300 days

No. of Shift

Single/ Two

The project can be run throughout the year. We can stock the raw material and utilize it
later depending on the availability of the building and storage which actually gives us higher profit
due to price rise in shortage period i.e. rainy season.
Machinery:
In this project extrusion process is to be carried out, which requires only the single
machine of extrusion. But, apart from that, for preparation of raw material, we need chaff cutter.
The list of total machinery is as follows: 1. Briquetting Press
2. Chaff Cutter
3. Weigh Scale
4. Packing Machine

Project Report of M/s. Arya Bio Mass, prepared by CA Tejpal Chandrakant Shah

Manufacturing Process & Effluent:


In this unit, there is a single process of percussion is to be carried out. Apart from that, as
a background process or preparatory process, the chaff cutter is used so that to prepare raw
material in the required smaller input form.
All the processes are physical processes and do not involve water and other chemicals.
Thus, there is no effluent generated. There is no waste generated as all the items used are bound
together and converted into the briquettes. The waste and the remains can be gathered and be
put back in the manufacturing process to be utilized.
Process Flow Chart:

Or a simpler process can be shown as follows: -

Project Report of M/s. Arya Bio Mass, prepared by CA Tejpal Chandrakant Shah

Marketing and Demand:


There are no such projects around as we are bringing some new technology from abroad.
The technology which is used in India, is a basic technology of mechanical pressing which uses a
huge rammer with heavy power, but this new technology consist of percussion process, which
enables to produce smokeless coal briquettes with half power consumption and smaller area.
Thus, we can see an immense demand for our product. We intend to target the textile
industry for marketing situated in the nearby town of Ichalkaranji, where the daily demand of
the firewood is more than 200 truckloads. Thus, we can see that, the supply against the demand
is less than 1 %, which denotes, that we may have to go into huge expansion sooner to capture
1% of market share.
Means of Finance:
This project shall be financed in following manner:
In Lacs
A. Capital contribution

12.00

B. Bank Term Loan

33.00

Total

90.00

Project cost Details:


In Lacs
A. Land and Development

05.00

B. Building

10.00

C. Plant & Machinery

17.00

D. Electrification & Installation

08.00

E. Tractor & Impliments

05.00

Total

45.00

Implementation Schedule:
This project will be implemented in following schedule:

Project Report of M/s. Arya Bio Mass, prepared by CA Tejpal Chandrakant Shah

Sr. No.

Activity

Period

1.

Acquisition and development of land

Own

2.

Civil work and building construction

5 months

3.

Procurement of machinery and equipment

1-2 months

4.

Arrangement for power supply

1 month

5.

Water supply Arrangements

2 weeks

6.

Erection and installation of machinery

1 month

7.

Initial Procurement and commissioning

1 month

8.

Trial Runs

2 weeks

9.

Commercial Production

1 week

As the above said activities shall start after allotment of plot, and shall be completed
within three years from allotment.
Financial Analysis:
Attached separately.

*****

Project Report of M/s. Arya Bio Mass, prepared by CA Tejpal Chandrakant Shah

Date : 04/02/2015

Biomass Briquetting - Arya Bio Mass


Gat No. 526, Shivajinagar, Borgaon, Tal. Walwa, Dist. Sangli

Cost of the Project and Means of Finance


Rs in one hundred thousands
Description

Amount

Land and Development


Building and Civil Works
Plant and Machinery
Erection and Commissioning
Electrification
Testing Equipments
Vehicles
Furnitures and Fixtures
Preliminary Expenses
Preoperative Expenses
Miscellaneous Fixed Assets
Contingencies
Additional Assets
Investments
Working Capital Margin Money
Other Assets
TOTAL COST OF PROJECT
Secured Loans
Seed Capital Loans
Deferred Payment Loans
Debentures
Unsecured Loans
Other Liabilities
Promoter's Contribution (Ordinary Shares)
Promoter's Contribution (Preferential Shares)
Subsidy
TOTAL MEANS OF FINANCE
TOTAL DEBT
TOTAL EQUITY
DEBT EQUITY RATIO (DER)

5.00
10.00
22.00
0.00
8.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4.45
0.00
49.45
33.00
0.00
0.00
0.00
0.00
0.00
16.45
0.00
0.00
49.45
33.00
0.00
275000

Cost of the Project and Means of Finance

Page No. 1

Biomass Briquetting - Arya Bio Mass

Date : 04/02/2015

Gat No. 526, Shivajinagar, Borgaon, Tal. Walwa, Dist. Sangli

Annexure Report
I.

PROPOSED ASSETS
1. Land And Development
1. Plot
Year of Existence : 1
Amount : 500,000.00
Purchase Time : First Half Year

2. Building and Civil Works


1. Factory Building
Year of Existence : 1
Amount : 1,000,000.00
Depreciation Rate : 10%

Depreciation Rate(IT) : 10%

Purchase Time : First Half Year

3. Plant And Machinery


1. Tractor & Equipments
Year of Existence : 1
Amount : 500,000.00
Depreciation Rate : 15%

Depreciation Rate(IT) : 15%

Purchase Time : First Half Year

2. Briquetting Machinery
Year of Existence : 1
Amount : 1,700,000.00
Depreciation Rate : 15%

Depreciation Rate(IT) : 15%

Purchase Time : First Half Year

4. Electrification
1. Transformer & Installation
Year of Existence : 1
Amount : 800,000.00
Depreciation Rate : 15%

Depreciation Rate(IT) : 15%

Purchase Time : First Half Year

II.

PROPOSED LIABILITIES
1. Secured Term Loans
1. Bank Term Loan
Year of Existence : 1
Amount : 3,300,000.00
Repayment Holiday(Terms) : 0
Installment Term :

General Interest Rate : 13%

Monthly

Loan Starting Term In Starting Year : 1


--------------------------------------------Sl-No
Annexure Report

Inst-Amount

Terms

Interest %
Profin Plus

Page No 1

--------------------------------------------1

55,000.00

60

13

---------------------------------------------

III. PROPOSED INCOMES


1. Sales / Gross Receipts
1. Briquettes
Year of Existence :
Quantity : 3000

From Year 1 To 10

Rate : 4,500.00

Amount : 13,500,000.00
% of Cash Sales : 20

Inflation : 5%

Excise : 0%

Sales Category : Domestic


Growth Type : Overall COU Based
Related(General Parameters) for Working Capital Analysis
Other Details :
10 MT per day X 300 days
Starting Month : 1

IV.

PROPOSED EXPENSES
1. Raw Materials Consumed
1. Various Raw Materials
Year of Existence :
Quantity : 3060

From Year 1 To 10

Rate : 2,250.00

Amount : 6,885,000.00
% of Cash Purchases : 10

Inflation : 5%

BEP Fixed : 0%

Related Product : Briquettes


Category : Indigenous
Growth Type : Overall COU Based
Related(General Parameters) for Working Capital Analysis
Starting Month : 1

2. Consumable Stores Consumed


1. Ramming Rod
Year of Existence :
Quantity : 16

From Year 1 To 10

Rate : 4,000.00

Amount : 64,000.00
% of Cash Purchases : 100

Inflation : 10%

BEP Fixed : 0%

Related Product : Briquettes


Category : Indigenous
Growth Type : Overall COU Based
Related(General Parameters) for Working Capital Analysis
Other Details :
Ramming Rod 1 per 200 MT
Starting Month : 1

3. Power and Fuel


1. Electricity
Year of Existence :

From Year 1 To 10

Quantity : 201000

Rate : 7.10

Annexure Report

Profin Plus

Page No 2

Amount : 1,427,100.00
Inflation : 2%

BEP Fixed : 0%

Related Product : Briquettes


Growth Type : Overall COU Based
Related(General Parameters) for Working Capital Analysis
Other Details :
90 HP (67 KW) x 10 Hrs per day X 300 days
Starting Month : 1

4. Direct Labour and Wages


1. Unskilled Labour
Year of Existence :

From Year 1 To 10

Amount : 264,000.00
Inflation : 5%

BEP Fixed : 0%

Related Product : Briquettes


Job Type : Permanent
Skill Type : Unskilled Labour,
Salary/Wages :5500

Number of people : 4

Annual Salary/Wages Hike : 0%

Growth Type : Overall COU Based


Related(General Parameters) for Working Capital Analysis
Starting Month : 1

2. Skilled Labours
Year of Existence :

From Year 1 To 10

Amount : 180,000.00
Inflation : 5%

BEP Fixed : 0%

Related Product : Briquettes


Job Type : Permanent
Skill Type : Skilled Labour,
Salary/Wages :7500

Number of people : 2

Annual Salary/Wages Hike : 0%

Growth Type : Overall COU Based


Related(General Parameters) for Working Capital Analysis
Starting Month : 1

5. Repairs and Maintenance


1. Maintenance
Year of Existence :

From Year 1 To 10

Amount : 85,000.00
% of Cash Purchases : 0

Inflation : 0%

BEP Fixed : 0%

5% on Machinery Item - Briquetting Machinery


Related Product : Briquettes
Growth Type : Overall COU Based
Related(General Parameters) for Working Capital Analysis
Starting Month : 1

6. Other Direct Expenses


1. Transportation
Year of Existence :
Quantity : 3060
Annexure Report

From Year 1 To 10

Rate : 500.00
Profin Plus

Page No 3

Amount : 1,530,000.00
Inflation : 5%

BEP Fixed : 0%

Related Product : Briquettes


Growth Type : Overall COU Based
Related(General Parameters) for Working Capital Analysis
Starting Month : 1

7. Factory Overheads
1. Manufacturing Expenses
Year of Existence :

From year 1 to 10

Amount : 0.00
Inflation : 0%

BEP Fixed : 0%

Related Product : Briquettes


Growth Type : 1% On Total Sales Based
Related(General Parameters) for Working Capital Analysis
Starting Month : 1

8. Administrative Expenses
1. Office Expenses
Year of Existence :
Quantity : 12

From Year 1 To 10

Rate : 7,500.00

Amount : 90,000.00
Inflation : 5%

BEP Fixed : 0%

Related Product : Briquettes


Growth Type : Overall COU Based
Related(General Parameters) for Working Capital Analysis
Starting Month : 1

9. Salaries (Indirect)
1. Office Staff
Year of Existence :

From Year 1 To 10

Amount : 96,000.00
Inflation : 5%

BEP Fixed : 0%

Related Product : Briquettes


Job Type : Permanent
Skill Type : Manegerial,
Salary/Wages :8000

Number of people : 1

Annual Salary/Wages Hike : 0%

Growth Type : Overall COU Based


Related(General Parameters) for Working Capital Analysis.
Starting Month : 1

10. Selling Expenses


1. Selling Expenses
Year of Existence :

From Year 1 To 10

Amount : 0.00
Inflation : 0%

BEP Fixed : 0%

Growth Type : 3% On Total Sales Based


Related(General Parameters) for Working Capital Analysis
Starting Month : 1
Annexure Report

Profin Plus

Page No 4

V.

OTHER PROJECT PARAMETERS


1. Overall Capacity Utilization Percentages
Yr-1: 50.00%

Yr-2: 50.00%

Yr-3: 50.00%

Yr-4: 50.00%

Yr-5: 50.00%

2. Working Capital Parameters


---------------------------------------------------------------------------------Holding Period(Days)

Margin-%

Interest-%

Import/ Domestic/

Import/ Domestic/

Import/ Domestic/

Export

Export

Export

Domestic

Others

Others

---------------------------------------------------------------------------------1. Raw Materials

30

0.00

25.00

0.00

13.00

2. Packing Materials

0.00

0.00

0.00

0.00

3. Consumables

60

0.00

25.00

0.00

13.00

4. Work In Progress

5. Finished Goods

25.00

6. Sundry Debtors

30

7. Adv-RM Suppliers

8. Adv-PM Suppliers

9. Adv-Con Suppliers

10. Sundry Creditors(RM)

15

11. Sundry Creditors(PM)

12. Sundry Creditors(CN)

13. Adv From Customers

13. Adv From Customers

15. Normal Working Exp

13.00

25.00
0.00

25.00

25.00

13.00
0.00

13.00

13.00

16. Margin Money Calculation Method : Flexible Bank Finance Method


----------------------------------------------------------------------------------

3. Income Tax Parameters


-----------------------------------------Deductions

Percentages

-----------------------------------------------------------------------------------------------------------------Slabs

Tax %

-------------------------------Above Specified Limit

0.00

--------------------------------

Annexure Report

Profin Plus

Page No 5

Date 04/02/2015
:

Biomass Briquetting - Arya Bio Mass


Gat No. 526, Shivajinagar, Borgaon, Tal. Walwa, Dist. Sangli

Cost of Production and Profitability Statement


Rs in one hundred thousands
Year No ------------ >

2015-16

2016-17

2017-18

2018-19

2019-20

Sales / Gross Receipts


Export Sales
Domestic Sales
Domestic Sales
A) Gross Sales / Receipts

135.00

141.75

148.84

156.28

164.09

135.00

141.75

148.84

156.28

164.09

Other Incomes
Interests / Dividends Received
B) Net Income

0.00

0.00

0.00

0.00

0.00

135.00

141.75

148.84

156.28

164.09

68.85

72.29

75.91

79.70

83.69

Cost of Sales
Indigenous Raw Materials
Indigenous Consumable Storesd

0.64

0.70

0.77

0.85

0.94

14.27

14.56

14.85

15.14

15.45

Direct Labour and Wages

4.44

4.66

4.90

5.14

5.40

Repairs and Maintenance

0.85

0.85

0.85

0.85

0.85

15.30

16.07

16.87

17.71

18.60

Factory Overheads

1.35

1.42

1.49

1.56

1.64

Depreciation

5.50

5.50

5.50

5.50

5.50

Add Opening Stocks of Work in Process

0.00

0.03

0.03

0.03

0.03

Add Opening Stocks of Finished Goods

0.00

0.18

0.19

0.19

0.20

Less Closing Stocks of Work in Process

0.03

0.03

0.03

0.03

0.03

Less Closing Stocks of Finished Goods

0.18

0.19

0.19

0.20

0.20

110.99

116.04

121.13

126.46

132.05

24.01

25.71

27.71

29.82

32.04

Secured Loans

3.90

3.04

2.18

1.32

0.46

UnSecured Loans

0.00

0.00

0.00

0.00

0.00

Deferred Loans

0.00

0.00

0.00

0.00

0.00

Debentures

0.00

0.00

0.00

0.00

0.00

Seed Capital Loans

0.00

0.00

0.00

0.00

0.00

Working Capital Loans

1.30

1.30

1.30

1.30

1.30

Administrative Expenses

0.90

0.95

0.99

1.04

1.09

Salaries (Indirect)

0.96

1.01

1.06

1.11

1.17

Selling Expenses

4.05

4.25

4.47

4.69

4.92

Preoperative Expenses Written-Off

0.00

0.00

0.00

0.00

0.00

E) Total Non Operating Expenses

11.11

10.54

10.00

9.46

8.95

F) Profit Before Tax (PBT)

12.91

15.16

17.71

20.36

23.09

0.00

0.00

0.00

0.00

0.00

12.91

15.16

17.71

20.36

23.09

Power and Fuel

Other Direct Expenses

C) Total Operating Expenses


D) Gross Profit (B-C)
Non Operative Expenses
Interests

Provision for Taxation


G) Profit After Tax (PAT)

Cost of Production and Profitability Statement

Date : 04/02/2015

Biomass Briquetting - Arya Bio Mass


Gat No. 526, Shivajinagar, Borgaon, Tal. Walwa, Dist. Sangli

Income Tax Report


Year No ------------ >
Profit Before Tax (PBT)

Rs in one hundred thousands

2015-16

2016-17

2017-18

2018-19

2019-20

12.91

15.16

17.71

20.36

23.09

Add Depreciation back

5.50

5.50

5.50

5.50

5.50

Less Depreciation by WDV Method (IT)

5.50

4.72

4.06

3.49

3.01

12.91

15.94

19.15

22.36

25.59

Less Partners' Salary

0.00

0.00

0.00

0.00

0.00

Less NonTaxable Investments

0.00

0.00

0.00

0.00

0.00

Profit/Loss for IT

Adjust Previous Losses


Net Income/Loss
Taxable Income/Loss
Tax
Profit After Tax (PAT)

Income Tax Report

0.00

0.00

0.00

0.00

0.00

12.91

15.94

19.15

22.36

25.59

12.91

15.94

19.15

22.36

25.59

0.00

0.00

0.00

0.00

0.00

12.91

15.94

19.15

22.36

25.59

Date :

Biomass Briquetting - Arya Bio Mass

04/02/2015

Gat No. 526, Shivajinagar, Borgaon, Tal. Walwa, Dist. Sangli

Cash Flow Statement


Rs in one hundred thousands
Year No ------------ >

2015-16

2016-17

2017-18

2018-19

2019-20

16.80

18.20

19.90

21.68

23.56

16.45

0.00

0.00

0.00

0.00

b. Subsidy

0.00

0.00

0.00

0.00

0.00

3. Depreciation

5.50

5.50

5.50

5.50

5.50

33.00

0.00

0.00

0.00

0.00

b. Seed Capital Loans

0.00

0.00

0.00

0.00

0.00

c. Debentures

0.00

0.00

0.00

0.00

0.00

5. Increase in Deferred Credits

0.00

0.00

0.00

0.00

0.00

6. Increase in Unsecured Loans

0.00

0.00

0.00

0.00

0.00

10.00

0.00

0.00

0.00

0.00

8. Increase in WC for Normal Working Exp

2.14

0.10

0.10

0.11

0.11

9. Preoperative Expenses Written-Off

0.00

0.00

0.00

0.00

0.00

10.Sale of Fixed Assets

0.00

0.00

0.00

0.00

0.00

11.Decrease in Investments

0.00

0.00

0.00

0.00

0.00

12.Others

0.00

0.00

0.00

0.00

0.00

83.89

23.80

25.50

27.29

29.17

45.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

14.45

0.71

0.75

0.79

0.83

a. Preliminary Expenses

0.00

0.00

0.00

0.00

0.00

b. Preoperative Expenses

0.00

0.00

0.00

0.00

0.00

a. Secured Loans

6.60

6.60

6.60

6.60

6.60

b. Seed Capital Loans

0.00

0.00

0.00

0.00

0.00

c. Debentures

0.00

0.00

0.00

0.00

0.00

6. Decrease in Deferred Credits

0.00

0.00

0.00

0.00

0.00

7. Decrease in Unsecured Loans

0.00

0.00

0.00

0.00

0.00

8. Taxation

0.00

0.00

0.00

0.00

0.00

9. Interest

3.90

3.04

2.18

1.32

0.46

10.Dividends

0.00

0.00

0.00

0.00

0.00

11.Withdrawals

0.00

0.00

0.00

0.00

0.00

69.94

10.35

9.53

8.71

7.89

A) SOURCES OF FUNDS
1. Cash Accruals (Before Tax & Interests)
2. Increase in
a. Share Capital

4. Increase in Long Term Loans


a. Secured Loans

7. Increase in Working Capital Loans

TOTAL SOURCES OF FUNDS


B) DISPOSITION OF FUNDS
1. Capital Expenditure
2. Increase in Investments
3. Increase in Current Assets
4. Increase in

5. Decrease in

TOTAL DISPOSITION OF FUNDS

0.00

13.95

27.39

43.36

61.94

Surplus/Deficit

13.95

13.45

15.97

18.58

21.28

Closing Cash & Bank Balance

13.95

27.39

43.36

61.94

83.22

Opening Cash & Bank Balance

Cash Flow Statement

Date : 04/02/2015

Biomass Briquetting - Arya Bio Mass


Gat No. 526, Shivajinagar, Borgaon, Tal. Walwa, Dist. Sangli

Balance Sheet (Company Format)


Rs in one hundred thousands
Year No ------------ >

2015-16

2016-17

2017-18

2018-19

2019-20

16.45

16.45

16.45

16.45

16.45

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

A) SOURCES OF FUNDS
1. SHARE HOLDERS' FUNDS
a) Share Capital
i. Ordinary Share Capital
ii.Preferential Share Capital
b) Subsidy
c) Reserves and Surplus
i. Reserves

0.00

0.00

0.00

0.00

0.00

ii. Surplus

12.91

28.07

45.78

66.14

89.23

2. LOAN FUND
a. Secured Loans
i. Secured Term Loans

26.40

19.80

13.20

6.60

0.00

ii. Seed Capital Loans

0.00

0.00

0.00

0.00

0.00

iii.Debentures

0.00

0.00

0.00

0.00

0.00

iv. Deferred Credits

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

55.75

64.32

75.43

89.19

105.68

b) Unsecured Loans
TOTAL SOURCES OF FUNDS
APPLICATION OF FUNDS
1. FIXED ASSETS
a) Gross Block

0.00

45.00

45.00

45.00

45.00

b) Additions

45.00

0.00

0.00

0.00

0.00

c) Deletions

0.00

0.00

0.00

0.00

0.00

d) Less Depreciation
e) Net Block
2. DEPOSITS AND INVESTMENTS

5.50

11.00

16.50

22.00

27.50

39.50

34.00

28.50

23.00

17.50

0.00

0.00

0.00

0.00

0.00

5.98

6.27

6.59

6.92

7.26

3. CURRENT ASSETS, LOANS & ADVANCES


a) Inventories
b) Sundry Debtors
c) Closing Cash & Bank Balance
d) Loans and Advances

8.88

9.32

9.79

10.28

10.79

13.95

27.39

43.36

61.94

83.22

0.00

0.00

0.00

0.00

0.00

LESS CURRENT LIABILITIES


a) Sundry Creditors

2.55

2.67

2.81

2.95

3.10

10.00

10.00

10.00

10.00

10.00

0.00

0.00

0.00

0.00

0.00

a) Preliminary Expenses

0.00

0.00

0.00

0.00

0.00

b) Preoperative Expenses

0.00

0.00

0.00

0.00

0.00

55.75

64.32

75.43

89.19

105.68

b) Working Capital Loans


c) Advances From Customers
4. MISCELLANEOUS EXPENDITURE

TOTAL APPLICATION OF FUNDS

Balance Sheet (Company Format)

Date : 04/02/2015

Biomass Briquetting - Arya Bio Mass


Gat No. 526, Shivajinagar, Borgaon, Tal. Walwa, Dist. Sangli

Working Capital Analysis


Rs in one hundred thousands
Year No ------------ >

2015-16

2016-17

2017-18

2018-19

2019-20

Raw Materials (Imported)

0.00

0.00

0.00

0.00

0.00

Raw Materials (Indigenous)

5.66

5.94

6.24

6.55

6.88

Packing Materials (Imported)

0.00

0.00

0.00

0.00

0.00

Packing Materials (Indigenous)

0.00

0.00

0.00

0.00

0.00

Consumable Stores (Imported)

0.00

0.00

0.00

0.00

0.00

Consumable Stores (Indigenous)

0.11

0.12

0.13

0.14

0.15

Work In Process

0.03

0.03

0.03

0.03

0.03

Finished Goods

0.18

0.19

0.19

0.20

0.20

Sundry Debtors (Export Oriented)

0.00

0.00

0.00

0.00

0.00

Sundry Debtors (Domestic)

8.88

9.32

9.79

10.28

10.79

Advances To Suppliers (Imported)

0.00

0.00

0.00

0.00

0.00

Advances To Suppliers (Indigenous)

0.00

0.00

0.00

0.00

0.00

Normal Working Expenses

2.14

2.24

2.34

2.45

2.56

TOTAL CURRENT ASSETS

16.99

17.83

18.72

19.64

20.62

Sundry Creditors (Imported)

0.00

0.00

0.00

0.00

0.00

Sundry Creditors (Indigenous)

2.55

2.67

2.81

2.95

3.10

Advance From Customers (Export

0.00

0.00

0.00

0.00

0.00

Advance From Customers (Domestic)

0.00

0.00

0.00

0.00

0.00

2.55

2.67

2.81

2.95

3.10

WORKING CAPITAL GAP

14.45

15.16

15.91

16.70

17.52

WORKING CAPITAL BANK FINANCE

10.00

10.00

10.00

10.00

10.00

4.45

5.16

5.91

6.70

7.52

CURRENT ASSETS

CURRENT LIABILITIES

TOTAL CURRENT LIABILITIES

WORKING CAPITAL MARGIN MONEY

Working Capital Analysis

Date : 04/02/2015

Biomass Briquetting - Arya Bio Mass


Gat No. 526, Shivajinagar, Borgaon, Tal. Walwa, Dist. Sangli

Fund Flow Statement Rs in one hundred thousands


Year No ------------ >

2015-16

2016-17

2017-18

2018-19

2019-20

16.80

18.20

19.90

21.68

23.56

A) SOURCES OF FUNDS
1. Cash Accruals (Before Tax & Interests)
2. Increase in
a. Share Capital

16.45

0.00

0.00

0.00

0.00

b. Subsidy

0.00

0.00

0.00

0.00

0.00

3. Depreciation

5.50

5.50

5.50

5.50

5.50

4. Increase in Long Term Loans


a. Secured Loans

33.00

0.00

0.00

0.00

0.00

b. Seed Capital Loans

0.00

0.00

0.00

0.00

0.00

c. Debentures

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

5. Increase in Deferred Credits


6. Increase in Unsecured Loans

0.00

0.00

0.00

0.00

0.00

10.00

0.00

0.00

0.00

0.00

8. Increase in WC for Normal Working Exp

2.14

0.10

0.10

0.11

0.11

9. Preoperative Expenses Written-Off

0.00

0.00

0.00

0.00

0.00

10.Sale of Fixed Assets

0.00

0.00

0.00

0.00

0.00

11.Decrease in Investments

0.00

0.00

0.00

0.00

0.00

7. Increase in Working Capital Loans

12.Others

0.00

0.00

0.00

0.00

0.00

83.89

23.80

25.50

27.29

29.17

45.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

14.45

0.71

0.75

0.79

0.83

a. Preliminary Expenses

0.00

0.00

0.00

0.00

0.00

b. Preoperative Expenses

0.00

0.00

0.00

0.00

0.00

a. Secured Loans

6.60

6.60

6.60

6.60

6.60

b. Seed Capital Loans

0.00

0.00

0.00

0.00

0.00

c. Debentures

0.00

0.00

0.00

0.00

0.00

6. Decrease in Deferred Credits

0.00

0.00

0.00

0.00

0.00

7. Decrease in Unsecured Loans

0.00

0.00

0.00

0.00

0.00

8. Taxation

0.00

0.00

0.00

0.00

0.00

9. Interest

3.90

3.04

2.18

1.32

0.46

10.Dividends

0.00

0.00

0.00

0.00

0.00

11.Withdrawals

0.00

0.00

0.00

0.00

0.00

13.95

13.45

15.97

18.58

21.28

83.89

23.80

25.50

27.29

29.17

TOTAL SOURCES OF FUNDS


B) DISPOSITION OF FUNDS
1. Capital Expenditure
2. Increase in Investments
3. Increase in Current Assets
4. Increase in

5. Decrease in

12.Surplus/Deficit
TOTAL DISPOSES

Fund Flow Statement

Date : 04/02/2015

Biomass Briquetting - Arya Bio Mass


Gat No. 526, Shivajinagar, Borgaon, Tal. Walwa, Dist. Sangli

DSCR Statement
Year No ------------ >
A) Profit After Tax (PAT)
B) Add back Depreciation
C) Add back Written-Off Preop Exp
D) Net Cash Accruals
E) Repayment Obligations
Secured Loans
UnSecured Loans
Deferred Loans
Debentures
Seed Capital Loans
Total Repayments
F) Debt Service Ratio (D / E)
DSR Mean (Yr 1 to 5) is 3.54
G) Net Cash Accruals
H) Total Interest from Term Borrowings
I) Total (G + H)
J) Total Repayments of Term
K) Total Interest from Term Borrowings
L) Total (J + K)
M) Debt Service Coverage Ratio (I / L)
DSCR Mean (Yr 1 to 5) is 3.00

DSCR Statement

Rs in one hundred thousands

2015-16

2016-17

2017-18

2018-19

2019-20

12.91
5.50
0.00
18.41

15.16
5.50
0.00
20.66

17.71
5.50
0.00
23.21

20.36
5.50
0.00
25.86

23.09
5.50
0.00
28.59

6.60
0.00
0.00
0.00
0.00
6.60
2.79

6.60
0.00
0.00
0.00
0.00
6.60
3.13

6.60
0.00
0.00
0.00
0.00
6.60
3.52

6.60
0.00
0.00
0.00
0.00
6.60
3.92

6.60
0.00
0.00
0.00
0.00
6.60
4.33

18.41
3.90
22.30
6.60
3.90
10.50
2.12

20.66
3.04
23.70
6.60
3.04
9.64
2.46

23.21
2.18
25.40
6.60
2.18
8.78
2.89

25.86
1.32
27.18
6.60
1.32
7.92
3.43

28.59
0.46
29.06
6.60
0.46
7.06
4.11

Biomass Briquetting - Arya Bio Mass

Date : 04/02/2015

Gat No. 526, Shivajinagar, Borgaon, Tal. Walwa, Dist. Sangli

Depreciation Report
Method Used : Straight Line Method

Year No ------------ >

Asset Name :

Opening-Amt

Additions

Deletions

Rs in one hundred thousands


Depriciation

Closing-Amt

Building and Civil Works

10.00

0.00

0.00

1.00

9.00

9.00

0.00

0.00

1.00

8.00

8.00

0.00

0.00

1.00

7.00

7.00

0.00

0.00

1.00

6.00

6.00

0.00

0.00

1.00

5.00

5.00

0.00

0.00

1.00

4.00

4.00

0.00

0.00

1.00

3.00

3.00

0.00

0.00

1.00

2.00

2.00

0.00

0.00

1.00

1.00

10

1.00

0.00

0.00

1.00

0.00

Assetwise Total
Asset Name :

10.00

Plant and Machinery

22.00

0.00

0.00

3.30

18.70

18.70

0.00

0.00

3.30

15.40

15.40

0.00

0.00

3.30

12.10

12.10

0.00

0.00

3.30

8.80

8.80

0.00

0.00

3.30

5.50

5.50

0.00

0.00

3.30

2.20

2.20

0.00

0.00

2.20

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

10

0.00

0.00

0.00

0.00

0.00

Assetwise Total
Asset Name :

22.00

Electrification

8.00

0.00

0.00

1.20

6.80

6.80

0.00

0.00

1.20

5.60

5.60

0.00

0.00

1.20

4.40

4.40

0.00

0.00

1.20

3.20

3.20

0.00

0.00

1.20

2.00

2.00

0.00

0.00

1.20

0.80

0.80

0.00

0.00

0.80

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

10

0.00

0.00

0.00

0.00

0.00

Assetwise Total

Depreciation Report

8.00

Page No. 1

Biomass Briquetting - Arya Bio Mass

Date : 04/02/2015

Gat No. 526, Shivajinagar, Borgaon, Tal. Walwa, Dist. Sangli

Repayment & Interest Schedule of Term Loans


Secured Loans

Rs in one hundred thousands

Bank Term Loan

General Interest Rate : 13 %

Amount : 33.00

Morotorium Period (Terms) :

Loan Existence Year : 1

Repayment Type : Monthly

Year No

Opening

Installment

Interest

Closing

Balance

During Year

During Year

Balance

33.00

6.60

3.90

26.40

26.40

6.60

3.04

19.80

19.80

6.60

2.18

13.20

13.20

6.60

1.32

6.60

6.60

6.60

0.46

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

10

0.00

0.00

0.00

0.00

Total

33.00

10.90

Repayment & Interest Schedule of Term Loans

Page No. 1