Page1 of 8

FINANCIAL HIGHLIGHTS & PROJECTIONS - XYZ PRIVATE LIMITED

PARTICULARS 2007 - 08 (Audited) 2008 - 09 (Audited) 2009 - 10 (Audited) 2010 - 11 (Estimated) % Estimated
Amount (Rs.) % Amount (Rs.) % Amount (Rs.) % Amount (Rs.) Turnover
INCOME
Sales (Primary Operating Activities)
Manufacturing Sales 1 2 3 4
Rice Bran Oil 394,234,951.37 371,923,726.25 422,452,970.37 294,127,296.65 45.25%
DORB 148,493,250.57 220,835,367.63 340,920,870.33 344,561,658.08 53.01%
DORB - Export 1,894,299.00 25,621,097.71 - 7,469,848.39 1.15%
Deoiled Soya Bin - - 3,398,450.00 3,467,704.46 0.53%
Exchange Flactuation - 1,333,888.00 - 373,492.42 0.06%
544,622,500.94 100% 619,714,079.59 100% 766,772,290.70 100% 650,000,000.00 100%
Trading Sales (Sec. Op. Activities)
Rice Bran (Trading) - 1,179,307.16 - 66,000,000.00 33%
Machinery (Trading) - 2,396,000.00 - 134,000,000.00 67%
- 3,575,307.16 - 200,000,000.00 100%
Trading Profit & Profit % - 0% 1,043,304.16 41% - 0% - 0.00%
Other Income
Interest 733,719.19 998,791.10 683,213.21 754,735.19
Misc. Receipts - 1,105.00 1,034,799.00 1,380,100.33
Commission Received 193,393.00 167,663.00 - -
Dividend Received - - 289.00 -
Insurance Claim 11,638,224.00 - - -
Capital Subsidy - 1,702,000.00 - -
Interest Subsidy - 3,215,141.00 - -
Electricity Subsidy Received 1,677,224.00 4,182,354.00 - -
Liability No Longer Reqd W/Back - - 761,120.48 1,014,827.31
Profit on Sale of Fixed Assets 78,569.00 - - -
14,321,129.19 10,267,054.10 2,479,421.69 3,149,662.83

Increase / (Decrease) in Stock (% on Op.

(2,440,576.00) -0.45% 5,745,619.00 0.93% 47,627,383.00 6.21% 67,045,434.33 10.31%
income - Manufacturing Activities)

TOTAL INCOME 556,503,054.13 639,302,059.85 816,879,095.39 920,195,097.16

EXPENSES 200,000,000.00
Purchase - Trading
Purchases - Rice Bran - 432,003.00 17% - 34,000,000.00 17%
Purchase - Machinery - 2,100,000.00 83% - 166,000,000.00 83%
% on Manufacturing Income
Raw Material Consumed
RM (Rice Bran) Consumed-Indegenous 394,829,986.28 72% 359,670,257.91 58% 668,513,578.73 87% 567,190,000.00 87.26%
RM (Rice Bran) Consumed-Imported 49,865,901.00 9% 112,277,196.00 18% - 0% - 0.00%

OTHER EXPENSES
Salary, Wages & Bonus 4,837,343.00 1% 5,333,041.00 1% 8,250,596.00 1% 7,341,161.51 1.13%
Director's Remuneration 480,000.00 0% 480,000.00 0% 600,000.00 0% 464,070.85 0.07%
Contribution to P.F. & Others 283,685.00 0% 327,172.00 0% 344,914.00 0% 278,519.84 0.04%

Any Comments / Suggestions pls. call B.Nag (91430-98082) mail: bivas_kumar@yahoo.com

 Page2 of 8

FINANCIAL HIGHLIGHTS & PROJECTIONS - XYZ PRIVATE LIMITED

PARTICULARS 2007 - 08 (Audited) 2008 - 09 (Audited) 2009 - 10 (Audited) 2010 - 11 (Estimated) % Estimated
Amount (Rs.) % Amount (Rs.) % Amount (Rs.) % Amount (Rs.) Turnover
Rent 24,460.00 0% 13,232.00 0% - 0% - 0.00%
Rates & Taxes 96,182.00 0% 138,829.00 0% 126,867.00 0% 115,405.02 0.02%
Stores & Spare Parts Consumed 16,809,761.54 3% 23,741,556.92 4% 13,992,181.16 2% 10,740,854.16 1.65%
Power & Fuel Consumed 34,318,062.35 6% 29,733,354.62 5% 37,390,813.85 5% 25,352,090.39 3.90%
Freight & Transportation 9,344,214.00 2% 43,601,992.00 7% 27,776,122.00 4% 39,204,254.46 6.03%
Insurance 494,055.00 0% 612,612.00 0% 625,873.00 0% 528,495.87 0.08%
Repairs to Building 15,709.33 0% 912,284.00 0% 193,946.00 0% 525,669.86 0.08%
Repairs to Machinery 2,621,301.92 0% 4,796,232.26 1% 4,833,890.61 1% 5,054,861.09 0.78%
Repairs to Others 75,524.00 0% 598,346.68 0% 80,715.00 0% 240,335.31 0.04%
Telephone Expenses 370,636.11 0% 323,875.00 0% 333,885.00 0% 195,717.93 0.03%
Travelling & Conveyance Expenses 181,088.00 0% 511,632.00 0% 148,990.00 0% 203,194.76 0.03%
Brokerage & Commission 261,570.00 0% 1,390,724.00 0% 685,091.00 0% 1,052,453.64 0.16%
Miscellaneous Expenses 2,653,529.95 0% 5,168,605.34 1% 4,431,377.71 1% 4,704,457.11 0.72%
Auditors Remuneration 80,000.00 0% 80,000.00 0% 88,240.00 0% 64,053.06 0.01%
Bad Debts Written Off - 0% 4,944,829.67 1% 2,584,382.41 0% 4,649,902.47 0.72%
Staff Welfare Expenses 110,411.00 0% 116,370.00 0% 146,034.00 0% 117,895.46 0.02%
Foreign Exchange Flactuation 170,620.00 0% - 0% 152,455.22 0% 36,561.75 0.01%
Loss of Fixed Assets due to Fire 1,023,621.00 0% - 0% 16,981.00 0% - 0%
Packing Charges 3,042,894.38 1% 7,030,073.79 1% 8,533,999.16 1% 9,682,576.55 1.49%

INTEREST
To Bank 10,598,721.00 2% 13,639,187.00 2% 13,276,735.00 2% 11,342,038.47 1.74%
On Term Loans 3,602,291.00 0.66% 2,394,306.00 0.39% 1,666,602.00 0.22% 2,730,000.00 0.42%
Others 209,042.00 0% 67,021.00 0% 299,402.00 0% 195,513.96 0.03%

Speculation Loss - 0% 9,210.56 0% 51,514.49 0% 61,445.98 0.01%

Loss on Sale of Investments - 0% 400.59 0% 129,460.36 0% 146,466.39 0.02%
TOTAL EXPENSES 536,400,609.86 620,444,344.34 795,274,646.70 892,217,995.88

PBDT (% ON TOTAL INCOME) 20,102,444.27 4% 18,857,715.51 3% 21,604,448.69 3% 27,977,101.27 3%

(Less)/Add: Preliminary Exp. W/Off (6,705.00) (6,705.00) (3,185.00) (2,011.67)To be checked

(Less)/Add: Adjustments for earlier years (2,311,595.76) (110,750.15) (45,228.00) (1,443,843.12)To be checked
(Less)/Add: Depreciation (% on
(12,882,416.00) 2% (12,664,255.30) 2% (16,434,669.76) 2% (20,330,332.07) 3%
Primary Op. Activities
(15,200,716.76) (12,781,710.45) (16,483,082.76) (21,776,186.86)

PBT (% ON TOTAL INCOME) 4,901,727.51 0.88% 6,076,005.06 0.95% 5,121,365.93 0.63% 6,200,914.42 0.67%

(Less): Provision for Taxation (Current) (930,000.00) (75,000.00) (2,300,000.00) (1,865,855.15) Estimated
(Less): Provision for Taxation (Deffered) (97,335.00) (1,440,498.00) (662,354.00) (1,241,219.34) Estimated
(1,027,335.00) (1,515,498.00) (2,962,354.00) (3,107,074.49)

PAT (% ON TOTAL INCOME) 3,874,392.51 1% 4,560,507.06 1% 2,159,011.93 0.26% 3,093,839.93 0.34%

Any Comments / Suggestions pls. call B.Nag (91430-98082) mail: bivas_kumar@yahoo.com

 Page3 of 8

FINANCIAL HIGHLIGHTS & PROJECTIONS - XYZ PRIVATE LIMITED

PARTICULARS 2007 - 08 (Audited) 2008 - 09 (Audited) 2009 - 10 (Audited) 2010 - 11 (Estimated) % Estimated
Amount (Rs.) % Amount (Rs.) % Amount (Rs.) % Amount (Rs.) Turnover

Add: Bal. Brought forward from last year 5,576,491.01 7,775,353.52 9,335,860.58
Add/(Less): Prov. For Taxation for earlier years (175,530.00) -

PROFIT BEFORE APPROPRIATIONS 9,275,353.52 12,335,860.58 11,494,872.51

APPROPRIATIONS
Tr. to Gen. Reserve (% on Profit before App.) 1,500,000.00 16% 3,000,000.00 24% 2,000,000.00 17%

Balance Carried to Balance Sheet 7,775,353.52 9,335,860.58 9,494,872.51

ESTIMATED PRODUCTION & %
ACTUAL PRODUCTION & % % % %
CRUDE OIL (MT) 9264.658 15% 9700.469 16% 12,561.128 17% 13,805.222 17%
DORB (MT) 52268.871 85% 50623.350 84% 62,571.597 83% 65,457.332 83%

LICENCED CAPACITY % %
CRUDE OIL (MT) 15,000.000 20% 15,000.000 20% 21,000.000 20% 21,000.000 20%
DORB (MT) 60,000.000 80% 60,000.000 80% 84,000.000 80% 84,000.000 80%

INSTALLED CAPACITY % %
CRUDE OIL (MT) 15,000.000 20% 21,000.000 20% 21,000.000 20% 21,000.000 20%
DORB (MT) 60,000.000 80% 84,000.000 80% 84,000.000 80% 84,000.000 80%

PRODUCTION VOLUME % ON INSTALLED CAPACITY

CRUDE OIL (MT) 12% 9% 12% 13%
DORB (MT) 70% 48% 60% 62%

PRODUCTION VOLUME % ON LICENCED CAPACITY

CRUDE OIL (MT) 12% 13% 12% 13%
DORB (MT) 70% 67% 60% 62%

Any Comments / Suggestions pls. call B.Nag (91430-98082) mail: bivas_kumar@yahoo.com

 Page4 of 8

Estimated Turnover (Mfg.) 650,000,000.00

Estimated Turnover (Trdg.) 200,000,000.00
% Estimated 1 2 3 4
Workings Audited Audited Audited Estimated %
2007-08 2008-09 2009-10 2010-11
% of Crude Oil Sales 72.39% 60.14% 55.09% 45.25%
% of DORB Sales 27.27% 35.71% 44.46% 53.01%
% of DORB Export 0.35% 4.14% 0.00% 1.15%

What-if-Analysis of Sales Tax Liability on Rice Bran Oil Sales

IN CASE TOTAL ESTIMATED TURNOVER WE CONVERTED INTO RB OIL, VAT COMES RS. 26,000,000.00

VAT & CST LIABILITY RE-CALCULATE STATEMENT

Liability for VAT & CST (2010-11) (Estimated) 10,000,000.00

In case R.B. Oil total local sales

VAT Liability @ 4% arises 11,765,091.87 (1,765,091.87) Over Budget

In case R.B. Oil total central sales

CST Liability @ 2% arises 5,882,545.93 4,117,454.07 Savings

In case 69% R.B. Oil local sales SALE AMOUNT TAX AMOUNT
VAT Liability @ 4% arises 202,947,834.69 8,117,913.39

In case 31% R.B. Oil central sales SALE AMOUNT TAX AMOUNT
CST Liability @ 2% arises 91,179,461.96 1,823,589.24

TOTAL (A + B) 294,127,296.65 9,941,502.63

Savings on estimated liability (Sales Tax) 58,497.37 Marginal Amt.

Though company is a manufacturing company, so all expenses will be calculated as a % on Total

Manufacuting Income Acitivities
Expenses % Calculations
Workings Audited Audited Audited Estimated %
RAW MATERIALS % 1 2 3 4
2007-08 2008-09 2009-10 2010-11
RM (Rice Bran) Consumed-Indegenou 72.50% 58.04% 87.19% 87.26%
RM (Rice Bran) Consumed-Imported 9.16% 18.12% 0.00% 0%
Workings Audited Audited Audited Estimated %
OTHER EXPENSES %
Salary, Wages & Bonus 1% 1% 1% 1%
Director's Remuneration 0% 0% 0% 0%
Contribution to P.F. & Others 0% 0% 0% 0%

Any Comments / Suggestions pls. call B.Nag (91430-98082) mail: bivas_kumar@yahoo.com

 Page5 of 8

Estimated Turnover (Mfg.) 650,000,000.00

Estimated Turnover (Trdg.) 200,000,000.00
% Estimated 1 2 3 4
Workings Audited Audited Audited Estimated %
Rent 0% 0% 0% 0%
Rates & Taxes 0% 0% 0% 0%
Stores & Spare Parts Consumed 3% 4% 2% 2%
Power & Fuel Consumed 6% 5% 5% 4%
Freight & Transportation 2% 7% 4% 6%
Insurance 0% 0% 0% 0%
Repairs to Building 0% 0% 0% 0%
Repairs to Machinery 0% 1% 1% 1%
Repairs to Others 0% 0% 0% 0%
Telephone Expenses 0% 0% 0% 0%
Travelling & Conveyance Expenses 0% 0% 0% 0%
Brokerage & Commission 0% 0% 0% 0%
Miscellaneous Expenses 0% 1% 1% 1%
Auditors Remuneration 0% 0% 0% 0%
Bad Debts Written Off 0% 1% 0% 1%
Staff Welfare Expenses 0% 0% 0% 0%
Foreign Exchange Flactuation 0% 0% 0% 0%
Loss of Fixed Assets due to Fire 0% 0% 0% 0%
Packing Charges 1% 1% 1% 1%

INTEREST %
To Bank 2% 2% 2% 2%
On Term Loans 0.66% 0.39% 0.22% 0.42%
Others 0% 0% 0% 0%
0% 0% 0%
Speculation Loss 0% 0% 0% 0%
Loss on Sale of Investments 0% 0% 0% 0%
NOTE:
A) All estimated ratio calculated on previous 3 (Three) years' trend as per statistical regression analysis method.
B) Interest % on Term Loans is calculated on moving average method, as the % comes under statistical method
is less than zero, which is not acceptable
C) DORB Sales is full Sales Tax exempted
D) VAT Liability on Trading Activities not computed as whatever we purchase, take VAT credit and set-off against on sales

E) As per Strategy PBT will be Rs. 70 Lacs which is accordingly computed.

F) Effect in Stock & Income Tax Figures would be change as per managements' discretion. Income Tax figure put on estimated basis.
G) Appropriations Figures are not computed inEstimated Section.
H) ALL FIGURES COMPUTED ONLY ON MANUFACTHRING ACTIVITIES, TRADING PROFIT NOT TAKEN INTO CONSIDERATION

A) STOCK RATIO CALCULATIONS ON MANUFACTURING ACTIVITIES

1 2 3 4
PARTICULARS 2007-08 2008-09 2009-10 2010-11 Stock Figure on %
INCREASE DECREASE IN STOCK -0.45% 0.93% 6.21% 8.89% 57,782,902.04

B) STOCK FIGURE CALCULATIONS ON MANUFACTURING ACTIVITIES Diff. Between % & Figures (A - B) 9,262,532.29

Any Comments / Suggestions pls. call B.Nag (91430-98082) mail: bivas_kumar@yahoo.com

 Page6 of 8

Estimated Turnover (Mfg.) 650,000,000.00

Estimated Turnover (Trdg.) 200,000,000.00
% Estimated 1 2 3 4
Workings Audited Audited Audited Estimated %
1 2 3 4
PARTICULARS 2007-08 2008-09 2009-10 2010-11 Stock % on Figure
INCREASE DECREASE IN STOCK (2,440,576.00) 5,745,619.00 47,627,383.00 67,045,434.33 10.31%

Any Comments / Suggestions pls. call B.Nag (91430-98082) mail: bivas_kumar@yahoo.com

FINANCIAL STRATEGY - XYZ PRIVATE LIMITED
In Crores

Last Year This Year

Particulars
Audited Estimated
Sales 74 60

VAT & CST Implications on Estimated Turnover (2010 - 11) In Crores

Within State Inter-State Stock Transfer Export Sale
Sales 60 60 60 60

VAT 4% 2 - - -
CST 2% - 1 - -

Total Tax Liability 2 1 - -

VAT Scenario for the financial year 2009 - 10 (Upto Feb. 2010)
VAT on Rice Bran 4%
From Feb. 2010 VAT exempted on Rice Bran
Last Year we managed the VAT to procure bills from Rice
Mills & We paid 1 & 11/2% to rice millers.
So Net Gain on VAT Input 21/2 - 3%

Last Year we brought the material as on average of 16% - Present Scenario

17% oil on Rice Bran and our turnover is near about is
74 Crores.

For this financial year, we cannot reduce the production

capacity but produce the oil % is less than the previous
year production. Due to this, our VAT Liability will reduce

Bills procure from Rice Bills

Rice Mills Trader Trader Average
Oil % Oil % Oil %
22 7 10 13
22% Value - 12500/-
7% Value - 3977/-
10% Value - 5682/-

We procure the bills as per follows:-

% of Oil Guranteewise
As it is wise

Hexaine Loss
Electricity
Power & Fuel
Labour Cost
Other expenses (Direct or Indirect)
all above are maintain as per trend of 3 earlier audited
financial accounts & as per % of Productions.

In this financial year, we have projected to enhance in the

Fixed Assets as below
P&M 3.5 Crores (Before 31st August, 2010)
Vehicles 50 Lacs (Before 30th September, 2010)
25 Lacs (Before 31st December, 2010)

We have shows a Net Profit of Rs. 70 Lacs, Income Tax will

be paid Rs. 12 Lacs. For which Projection will be prepared.

Advance tax for 1st Quarter not submitted for all company.
2nd Quarter Tax with interest will be paid within 10th September
25% of the Net Tax Liability i.e. 4 Lacs will be deposited.