PROJECT REPORTfor LAYER BIRD (40,000 nos.) nos.) NAYAGARH AGRO PROJECT S Pvt . Lt d. (AT(AT- KHOLA, KHANDAPADA, DIST – NAYAGARH) NAYAGARH PROJECT CONSULTANTS Prime Consultants & Services Pvt. Ltd. Flat 3/A3, 3rd Floor, Lewis Plaza, Lewis Road, B.J.B. Nagar, Bhubaneswar – 751 014 Phone : (0674) 2430582, Fax : (0674) 2430135, Mobile : 9437014311, e-mail :
[email protected] Bhubaneswar * Rourkela * Delhi FOR OF AT - KHOLA, KHANDAPADA, DIST – NAYAGARH, ODISHA PROJECT CONSULTANTS Prime Consultants & Services Pvt. Ltd. Flat 3/A3, 3rd Floor, Lewis Plaza, Lewis Road, B.J.B. Nagar, Bhubaneswar – 751 014 Phone : (0674) 2430582, Fax : (0674) 2430135, Mobile : 9437014311, e-mail :
[email protected] Bhubaneswar * Rourkela * Delhi NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) INDEX CHAPTER DESCRIPTION PAGE NO. 1 HIGHLIGHTS OF THE PROPOSAL 1 2 HISTORY AND BACKGROUND 10 3 RESUME OF PROMOTERS 13 4 RESUME OF KEY PERSONS 17 5 INFRASTRUCTURE, INPUTS & ORGANISATION 20 6 LAYER FARMING 25 7 LAYER BREED BV300 40 8 MARKET & MARKETING STRATEGY 41 9 FINANCIAL & ECONOMIC EVALUATIONS 50 ANNEXURE 1 PROJECT COST & MEANS OF FINANCE 1.1 DETAILS OF BLOCK CAPITAL 1.2 PRELIMINARY & PRE-OPERATIVE EXPENSES 1.3 ASSESSMENT OF WORKING CAPITAL 2 PROJECTED COST OF PRODUCTION AND PROFITABILITY 2.1 ASSUMPTION FOR COMPUTATION OF PROFITABILITY 2.2 COMPUTATION OF SALARIES 2.3 INTEREST & REPAYMENT SCHEDULE 2.4 COMPUTATION OF DEPRECIATION 2.5 COMPUTATION OF INCOME TAX 2.6 FLOCK SCHEDULE 2.7 STATEMENT OF INCOME 2.8 RAW MATERIALS 2.9 VALUATION OF CLOSING STOCK 2.10 FEED SAMPLE FORMULAE & FEED COST 3 PROJECTED FUND FLOW STATEMENT 4 PROJECTED BALANCE SHEET 5 PROJECTED BREAK EVEN ANALYSIS 6 PROJECTED INTERNAL RATE OF RETURN (IRR) 7 PROJECTED SECURITY MARGIN & ASSET COVERAGE RATIO 8 PROJECTED DEBT SERVICE COVERAGE RATIO (DSCR) 9 & 10 PROJECTED SENSITIVE ANALYSES : DSCR 0 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) CHAPTER – 1 HIGHLIGHTS OF THE PROPOSAL 1. NATURE OF INDUSTRY : POULTRY (LAYER) FARMING 2. NAME AND CONSTITUTION : NAYAGARH AGRO PROJECTS PVT. LTD. 3. DATE OF INCORPORATION : 20th August 2013 4. NATURE OF ACTIVITIES : Production of Eggs & Allied Agro Products 5. REGISTERED OFFICE : Plot No. - 81, Goutam Vihar Saradeipur, NH-203, Dhauli Square, Bhubaneswar – 751002, Odisha Mobile: +91 9338774550 E-mail:
[email protected] Website: www.nappl.co.in 6. FARM LOCATION : At : Khandapada NAC Mouza : Khola, Khandapada Nayagarha , Pin -752077 Odisha 7. FARM AREA : 4.42 Acres (17,887 Sq.mtr.) 8. LAYER BREED : B V 300 9. TOTAL BIRD CAPACITY : Layer : 40,000 (10,000 X 4) (Four Sheds) Grower : 10,204 X 1 (One Shed) Chicks : 10,560 X 1 (One Shed) Total 10. EGGS PRODUCTION : : 60764 birds 1,24,80,000 nos. 1 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) 11. NAME OF PROMOTER / DIRECTORS Name of Directors Qualification Responsibility Mrs. Madhumita Panigrahi (Managing : M.A. , L.L.B. Director) Work Experience General Managerial Experience of 6 years Management, in Industrial Sector and Proprietor Finance of M/S Shuvam Engineers for last 12 years. Mrs. Babita Pradhan (Director) Mr. Prafulla Ku Bhoi (Director) Graduate HR & Administration Proprietor of M/S M.S Automobile spare parts for last 3 years. Graduate Stocks & Marketing last 20 years Mr. Debasis Behera (Director) Working as Eggs distributor for Graduate Production & Farm Work experience in agricultural Management farming, dairy and poultry farming for last 15 yrs. 12. MANAGERIAL KEY PERSONS : Name of Key Persons Qualification Responsibility Work Experience 32 year Experience as Department Head of Pathology Dr. A.G RAO (Retd. Professor) BVSc, MVSc, PhD Technical (Orissa Orissa Veterinary College) College Consultant Presently Technical consultant for i) Pasupati Pvt Ltd. ii) Eastern Hatcheries iii) Suguna Poultry Products Ltd. 2 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Name of Key Persons Qualification Responsibility Work Experience B.Sc, Diploma in Telecommunication Mr Rabinarayan Hardware and Technical & Promoter of M/S M.S. InfoTech for Pradhan Production last 9 years. Networking. M.Sc in Agriculture Engg. Degree in Mechanical Mr Manoranjan Panda Engineering MBA ( Operational Management) Managerial Experience of 7 years in Marketing & Industrial Sector. Finance Promoter of M/S MRP Group of Industries for last 16 years. PGDCMIS,PGDMM Mr. Satya Ranjan Pradhan B.A. Utkal University Certificate Course in Poultry Mr. Deepak Ku B.A. Utkal University Behera Marketing Certificate Course in Poultry Working as promoter of a poultry farm for 15 years Production & Farm Working as Management Supervisor production, farm management for last 16 year. Worked as an Admin assistant in Tata Mr. Birendra Ku B.A. Utkal University Sethi P.G.D.C.A. Supervisor Consultancy Ltd. Ltd for 4 years. Working at Supervisor in MEP since 2 years. 3 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) 13. ASSOCIATE CONCERN : A. SUBHAM ENGINEERING (Proprietor – Mrs. Madhumita Panigrahi) Deals in Industrial and Heavy Engineering Spares Address : Plot – 70, ‘D’ Brahmeswar Patna, Tankapani Road, Khurda Bhubaneswar – 751018, Odisha Tel : +91 674 243956 (Rs. In Lacs) YEAR TURNOVER PROFIT NET WORTH 2010-11 (Audited) 105.19 4.35 20.07 2011-12 (Audited) 120.16 4.98 23.55 2012-13 (Audited) 132.16 5.51 27.07 2013-14 (Estimated) 145.20 6.07 31.32 2014-15 (Projected) 159.73 6.81 35.97 B. M.S. AUTOMOBILES (Proprietor – Mrs. Babita Pradhan) Deals in automobile spare parts Address: HIG -22, Phase -1, Kolathia, HB Colony, Khandagiri, Bhubaneswar (Rs. In Lacs) YEAR TURNOVER PROFIT NET WORTH 2010-11 (Audited) 23.21 1.86 8.63 2011-12 (Audited) 29.78 2.40 10.54 2012-13 (Audited) 34.51 2.81 12.84 2013-14 (Estimated) 40.50 3.45 15.30 2014-15 (Projected) 48.20 4.02 19.10 4 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) 14. INFRASTRUCTURE a. Land : : 4.42 Acres (17,887 Sq.mtr.) of Agricultural Land taken on long term lease from Mr. Manorajan Panda, General Manager of the company for a period of 15 years. b. Power : CESCO c. Water : Suitable Ground water is available and adequate for the Project. d. Transport : The unit enjoys the proximity to the different modes of transportation facilities. 15. MARKET : Eggs demand in our state is way ahead of the Eggs produced. Now demand of eggs has increased through introduction of Mid-Day-Meal Programme of Central Govt. The management also has a “Marketing Guarantee Certificate” from OPOLFED (Orissa State Poultry Products Co-operative Marketing Federation Ltd.). 16. PROMOTERS AND MANAGEMENT : The management of the unit is vested on the Board of Directors of the company and the managerial key persons hired by the company. The promoters are dynamic with sufficient resources and having vast business experience in their relevant fields. They are capable enough to run the project smoothly and profitably. 5 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) 17. ADVANTAGES OFTHE PROJECT : The promoters are financially sound and are in a position to meet their contribution to the project. They have already acquired the land. In the primary sector, Agriculture provides about 100 to 120 days employment. Scanty land holding, land fragmentation and seasonal Agriculture are not able to provide full employment to the work-force which in turn creates unemployment in disguise. Poultry farming can be a viable option to overcome the issue. Poultry farming require less area with high return than any other Animal Husbandry and Agriculture activities. Land topography & soil fertility is never a criterion for Poultry like Agriculture. Proven Technology and already in use successfully all over the country. Easy and ready availability of input materials, manpower and other infrastructure facilities like Road and Power Source. Huge demand of eggs not only in our state but also in other states. Ready market for the produced eggs. 6 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) 18. PROJECT COST : Rs. 272.40 Lakhs 19. MEANS OF FINANCE : Promoters’ Contribution : Rs. 97.40 Lakhs Term Loan from Bank : Rs. 175.00 Lacs 20. WORKING CAPITAL REQUIREMENT : Rs.142.11 Lakhs 21. WORKING CAPITAL LIMIT FROM BANK : Rs. 104.00 Lakhs 22. FINANCIAL INDICATORS : Promoters’ Contribution : 35.76 % Debt Equity Ratio : 1.80 : 1 DSCR : 2.02 Break-Even-Point : 75.23% of Projected Sales (In First Year) 20.11% of Capacity Sales (In First Year) IRR : 16% PAYBACK PERIOD : 5 YEARS 23. MANPOWER REQUIREMENT : Technical : 3 Administrative : 2 Security Guard : 2 Skilled Workers : 10 Total ----: 17 7 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Ltd. (Rs. In Lacs) 24. TURNOVER : YEAR TURNOVER PROFIT 2014-15 (Projected) 125.42 11.23 2015-16 (Projected) 452.55 35.65 2016-17 (Projected) 469.06 41.02 2017 - 18 (Projected) 469.06 42.91 2018 - 19 (Projected) 469.06 45.29 PROFIT 41.02 42.91 45.29 35.65 11.23 2014 2014-15 2015-16 2016-17 2017 - 18 2018 - 19 (Projected) (Projected) (Projected) (Projected) (Projected) TURNOVER 452.55 469.06 469.06 469.06 125.42 2014 2014-15 2015-16 2016-17 2017 - 18 2018 - 19 (Projected) (Projected) (Projected) (Projected) (Projected) 8 DK S NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) The unit has estimated to achieve a turnover of Rs.125.42 lacs in the year 2014-15 and Rs. 452.55 lacs in the year 2015-16. In order to achieve the estimated turnover, the unit requires Cash Credit Limit of Rs.104.00 lacs and Term Loan of Rs. 175.00 lacs. 25. MAJORE CUSTOMER : Orissa State Poultry Products CoCo-operative Marketing Federation Ltd. (OPOLFED) A GOVT. OF ODISHA ORGANISATION LAXMISAGAR, BHUBANESWAR – 751006 PH. NO : +91 674 2570286/3267411 WEBSITE: WWW.OPOLFED.COM E-MAIL:
[email protected] 26. MAJORE SUPPLIERS : Eastern Hatcheries Pvt. Ltd., (SUPPLIER OF CHICKS) N-4/F-39, IRC VILLAGE, BHUIBANESWAR – 751015 Pasupati Feeds C-95, NEW INDUSTRIAL ESTATE, JAGATPUR, CUTTACK, ORISSA 754021 PHONE: (0671) 2490714
[email protected] 27. PROJECT (TECHNICAL) CONSULTANT : Likhita Group of Industries Industries (SUPPLIER OF CAGES) PLOT NO: A-15, GANDHINAGAR, IDA KUKATPALLY HYDERABAD -37, ANDHRA PRADESH, INDIA Lakshmi Wire Mesh (SUPPLIER OF FEED MACHINARY, WIRE & CAGES) BERHAMPUR – 7, NIYATI VIHAR JAGANNATH JUNCTION, DIST : GANGAM, ODISHA 9 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) CHAPTER - 2 HISTORY & BACKGROUND 1. Background : Poultry Plays important role in India as egg and meat are rich source of proteins, vitamins and minerals. Egg not only is the rich but also the cheapest source of energy, vitamins, proteins and minerals. In last two decades poultry has made tremendous strides particularly in the private sector with the result that India is now self sufficient with regard to requirement of high quality breeding, stocks, modern poultry equipment, availability of medicines and vaccines and technically skilled manpower. With the annual growth of 7-8% in the egg industry, India stands 3rd in the world with the annual production of 63 billion eggs approximately. Having a per capita egg consumption of 52 eggs, India still stands much below the figures recommended by The National Committee of Human Nutrition (per capita egg consumption of 180 eggs). With the growing demand and consumption, poultry industry is having a good future waiting for it. 10 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) With rapid growth in population providing food security has taken the Govt. as well as planners in a quandary. The availability of land being limited, increased production in Agriculture front has become a matter of concern for every Government. It cannot be gainsaid that, Agriculture production alone can meet the demand of human population. In this context production through Poultry sector has become centre stage as a means of alternative source of protein. Total poultry population(Laying) Total Egg Production 17 crores approx. Employment provided 5 millions approx. Per capita egg consumption 52 eggs approx. Per capita meat consumption 2.5 KGS approx. Per capita world egg consumption 124 eggs approx. Per capita world meat consumption 5.9 KGS approx. Value of poultry industry Broiler Production 2. 22 crores approx. 75000 crores approx. 2.8 Million Tonnes approx. Scope Poultry and Poultry products constitute an important component of human diet in most of the developing countries of the world. This consumption is also increasing at a rapid rate due to low fat content, easy availability & cost effectiveness. Poultry is the least cost alternative only next to fish & produces more of animal protein from the same amount of feed compared to milch Cow, Sheep, Goat & Pig. 11 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Two eggs provide 160 calories of energy and more than 20% of the daily requirement of proteins, Vit A, D & B12, Riboflabin, Folic acid, Pantothenic acid, Phosphorus, Iodine along with fat. According to Nutritional Advisory committee of India at least half an egg should be made available to an average individual which workout to be 180 egg / annum. Poultry farming require less area with high return than any other Animal Husbandry and Agriculture activities. Land topography & soil fertility is never a criterion for Poultry like Agriculture. Poultry farming involves high grade sophisticated technology with higher profitability for which younger generation prefer this activity as their occupation than any other Agriculture & Allied activities. In the primary sector, Agriculture provides about 100 to 120 days employment to the rural poor. Scanty land holding, land fragmentation and seasonal Agriculture are not able to provide full employment to the work-force which in turn creates unemployment in disguise. Poultry farming can be a viable option for rural poor to overcome the issue. 12 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) CHAPTER - 3 RESUME OF PROMOTERS The promoters of the unit are highly experienced in business administration and also financially sound. He is capable enough to run the unit smoothly and there experience make the unit run in the track of profitability. Brief bio data of the promoter is given below: Mrs. Madhumita Panigrahi (Managing Director) a. Name : Mrs. Madhumita Panigrahi b. Father’s Name : Sri Radha Ramana Panigrahi c. Date of Birth : 12/02/1975 (38 Years) d. PAN No : APSPP2345C e. Gender : Female f. Address (Permanent) : 70D, Bramheswar Patana Bhubaneswar – 751018, Odisha Present Address : Plot No. - 81, Saradeipur, NH-203 Dhauli Square, Bhubaneswar – 751002, Odisha Mobile: +91 9338774540 g. Educational Qualification : M.A. , L.L.B. h. Work Experience : Managerial Experience of 6 years in Industrial Sector. Promoter of M/S Shuvam Engineers for last 12 years. i. Annual Income (in Rs.) : 5 lacs 13 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Mrs. Babita Pradhan (Director) a. Name : Mrs. Babita Pradhan b. Father’s Name : Mr. Kalpataru Mallick c. Date of Birth : 01/01/1980 (33 Years) d. PAN No : BZZPP6758F e. Gender : Female f. Address (Permanent ) : Khakhara, PO: Govindpur Kendrapara,Odisha Phone No. – +91-8457875498 Email:
[email protected] Present Address : HIG22, Phase-1, Kolathia Housing Board Colony, Khandagiri Khorda, Odisha Mobile No: +91-9337326990 g. Educational Qualification : Bachelor in Arts (Utkal University) h. Work Experience : Promoter of M/S M.S Automobile (Deals in Spare Parts) Parts) for last 3 years . i. Annual Income (in Rs.) : 3 lacs 14 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Mr. Prafulla Kumar Bhoi (Director) a. Name : Mr. Prafulla Kumar Bhoi b. Father’s Name : Mr. Bhaskar Bhoi c. Date of Birth : 01/01/1967 (46 Years) d. PAN No : BTMPB9311E e. Gender : Male f. Address (Permanent ) : Gyana Nagar, Huda Bhoi Sahi Old town,Bhubaneswar – 751002 Khorda, Odisha Mobile No: +91-9938839489 g. Educational Qualification : Graduate h. Work Experience : Working as eggs distributor for last 20 years i. : 2 lacs Annual Income (in Rs.) 15 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Mr. Debasis Behera (Director) a. Name : Mr. Debasis Behera b. Father’s Name : Mr. Purnachandra Behera c. Age : 36 Years d. Gender : Male e. Address : Bijipur, Tamando Khandagiri, Bhubaneswar Khurda, Odisha f. Educational Qualification : B.A g. Work Experience : Work experience in agricultural farming, dairy and poultry farming for last 15 yrs. h. Annual Income (in Rs.) : 2 lacs . 16 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) CHAPTER - 4 RESUME OF KEY PERSONS The Key Persons of the project are highly experienced in Poultry farming and also technically sound in this field. They are capable enough to run the project smoothly and profitability. Brief bio-data of the Key persons are given below: Dr. A.G . RAO To work in a highly competitive organization, where I can exhibit my skills & achieve my goals along with the organizational goals preferably in the field of Technical & production consultant. a. Name : Dr. A.G RAO (Retd. Professor) b. Father’s Name : Mr. A. Appa Rao c. Date of Birth : 15/06/1944 d. Gender : Male e. Address (Permanent ) : 3/D1, Bishnupriya Apartment, Jayadev Vihar, Bhubaneswar Dist: Khurda, Orissa, Mobile: 993754909 Email:
[email protected] f. Educational Qualification : BVSc, MVSc, PhD g. Work Experience : 32 year Experience in Department Head of Pathology (Orissa Veterinary College, College Reg No 987) Technical consultant in h. Annual Income (in Rs.) i) Pasupati Feeds Pvt. Ltd. ii) Eastern Hatcheries iii) Suguna Poultry Products Ltd. : 5 lacs 17 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Mr Rabinarayan Pradhan To use my analytical, conceptual and technical skills to strive towards excellence in a constantly evolving and intellectually stimulating organization. He believe in completing whatever he has been assigned and maintaining the highest possible standards of productivity, quality and performance that is expected of me. a. Name : Mr Rabinarayan Pradhan b. Father’s Name : Sri Bepra Charan Pradhan c. Date of Birth : 20th June 1975 (39 Years) d. PAN No : BGFPP6945R e. Gender : Male f. Address (Permanent ) : Khakhara, PO: Govindpur Kendrapara,Odisha Present Address : HIG22, Phase-1, Kolathia Housing Board Colony, Khandagiri Mobile No: +91-9337326990 Email:
[email protected] g. Educational Qualification : M.Sc in Agricultural Engineering. Bachelor in Science from Utkal University in 1993. Diploma in Hardware Networking +2 Sc. from kharasorta Mahavidyalaya in 1990. H.S.C. from Godabarish high School in 1988. h. Work Experience : Working as proprietor at M/S M.S. Info Tech till continue i. : 4 lacs Annual Income (in Rs.) 18 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Mr. Mr. Manoranjan Panda a. Name : Mr Manoranjan Panda b. Father’s Name : Sri Bhagaban Panda c. Date of Birth : 15/08/1969(44 Years) d. PAN No : AAQPP8244D e. Gender : Male f. Address (Permanent ) : Near Police Station At/PO/Dist : Nayagarh Pin : 752069, Odisha Present Address : Saradeipur, NH -203 Bhubaneswar -751002 Odisha Ph No: +91 9338774550 Email :
[email protected] g. Educational Qualification : Degree in Mechanical Engineering MBA (Operational Management) PGDCMIS, PGDMM h. Work Experience : Managerial Experience of 7 years in Industrial Sector. Work as promoter in M/S MRP Group of Industries for last 16 years. i. Annual Income (in Rs.) : 6 lacs 19 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) CHAPTER - 5 INFRASTRUCTURE, INPUTS & ORGANISATION Land And Site Development The Promoters have 4.420 Acres of land situated at Mouza - Khola, Khandapada, Dist. - Nayagarh, Odisha to set up the Layer farm of 40,000 birds capacity. The land is sufficient for the proposed unit. Infrastructure and other utility services are available, besides, cheap and abundant semi-skilled and unskilled labours are available from nearby villages and skilled personnel are already hired. Infrastructure To be Built The summary of the assessment of the infrastructure to be build at the site are provided in below table: No. Infrastructure Description 1 Four Sheds Layer Sheds Each Shed of – 197’ * 38’ * (19’+4’) Total Area - 30,000 sq ft(appx) Total bird Capacity - 40,000 ACC structure with pillar 20 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) No. Infrastructure Description 2 One shed Grower Shed Size – 175’ * 38’ * (17’+4’) Total Area – 6650 Total bird Capacity - 10,204 ACC structure with pillar 3 Chick Shed One shed Size – 138.5’ * 38’ * (16’+4’) Total Area – 5260sq ft Total bird Capacity - 10,560 ACC structure with pillar 4 Feed Storage One Structure Area Size – 67’ * 30’ Total Area – 2000 sq ft Total feed capacity – 1,50,000 KG ACC structure 5 Egg Store room One Structure Size - 50’ * 30’ Area - 1500sq ft Egg Capacity - 1,50,000(5 days stock) ACC Structure 6 Office Room Single Structure Size - 32’ * 25’ Area - 800sq ft ACC structure 7 Labour Room Single Structure Size - 160’ * 20’ Area – 3200 Accommodation Capacity – 16 Persons ACC Structure 21 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Ltd. (Typical Cross Section of Shed Structure) 22 DK S NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Plant And Machinery The requirements of plant and machinery have been properly estimated by the organization on the basis of negotiations, quotations and discussions with the suppliers. The rates considered are comparable to the prevailing market prices of the same. The total cost of plant & machinery has been estimated at Rs. 21.51 lacs. And the details of which is given below : Sl No. Specification/ Suppliers 1. Pump Set (2 Nos.) 2. Pipelines @ Rs. 6.20 per Bird 3. Quantity Rate Amount [Rs.] [Rs.] 2 30,000 60,000 60,724 6.20 376,489 Overhead Tank - 2 Nos. 2 100,000 200,000 4. Feed Machineries 1 566,000 566,000 5. Sprinklers & Foggers@ Rs. 5.20 per Layer 60,724 5.20 315,765 6. D.G. Set (100 KVA) 1 500,000 500,000 7. Refrigerator 1 30,000 30,000 TOTAL 2,048,254 Packing, Forwarding, Transportation, Insurance, Loading-Unloading, Errection, Testing & Commissioning ( 5 % of above) 102413 2150667 Utility/ Misc. Fixed Assets These include Electrical Installation, Furniture and Fixtures, Utility Assets like Deep Litter Equipments and Cages, Weighing Machine, Telephone, Computers, and Equipment etc. The total cost of Electrical Installation & Misc. fixed assets has been estimated at Rs.67.79 lacs. The detail estimate of miscellaneous fixed assets is given in Annexure – 1.1D 23 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Preliminary And PrePre-Operative Expenses The preliminary and pre-operative expenses include cost of project report, Processing Charges, interest during construction, commissioning. These have been estimated at Rs.9.12 lacs. The detail estimate of preliminary and pre-operative expenses is given in Annexure – 1.2 Organisation The promoter directors of the company are the key persons to organise and manage the unit. They will look after the procurement of orders, finance and marketing part of the business. However, the actual production will be done by the experienced and skilled operators. The detailed list of manpower requirement is given in Annexure – 2.2. 24 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) CHAPTER – 6 LAYER FARMING A. Principles of Poultry Husbandry There are a number of requirements by which animals should be managed so that the best performance is achieved in a way acceptable to those responsible for the care of the animals and to the community generally. These requirements are the keys to good management and may be used to test the management of a poultry enterprise in relation to the standard of its management. These requirements are also called Principles. The importance of each Principle changes with the situation and thus the emphasis placed on each may alter from place to place and from time to time. This means that, while the Principles do not change, the degree of emphasis and method of application may change. Every facet of the poultry operation should be tested against the relevant principle(s). The Principles of Poultry Husbandry are: • The quality and class of stock If the enterprise is to be successful it is necessary to use stock known to be of good quality and of the appropriate genotype for the commodity to be produced in the management situation to be used. The obvious first decision is to choose an egg type for egg production. However, having made that decision, it is then necessary to analyse the management situation and market to select a genotype that suits the management situation and/or produces a commodity suitable for that market. A good 25 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) example is that of brown eggshells. If the market requires eggs to have brown shells, the genotype selected must be a brown shell layer. Another example would be to choose a genotype best suited for use in a tropical environment. The manager must know in detail the requirements of the situation and then select a genotype best suited to that situation. • Good husbandry husbandry The following are of major importance when considering the health, welfare and husbandry requirements for a flock: Confine the birds Confining the birds provides a number of advantages: Provides a degree of protection from predators Reduces the labour costs in the management of the birds Increases the number of birds that can be maintained by the same labour force Reduces the costs of production Better organisation of the stocking program Better organisation management to suit the type and age of the birds housed Importantly, the confinement of the birds at higher stocking densities has a number of disadvantages also including: Increases the risk of infectious disease passing from one bird to another Increases the probability that undesirable behavioural changes may occur Increases the probability of a significant drop in performance Birds housed at very high densities can often attract adverse comments 26 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Protection from a harsh environment A harsh environment is defined as one that is outside of the comfort range of the birds. In this context high and low temperature, high humidity in some circumstances, excessively strong wind, inadequate ventilation and/or air movement and high levels of harmful air pollutants such as ammonia are examples of a harsh environment. Much effort is made in designing and building poultry houses that will permit the regulation of the environment to a significant degree. It is the responsibility of those in charge, and responsible for, the day-to-day management of the birds that the environment control systems are operated as efficiently as possible. To this end, those responsible require a good knowledge of the different factors that constitute the environment and how they interact with each other to produce the actual conditions in the house and, more importantly, what can be done to improve the house environment. Welfare needs A successful poultry house has to satisfy the welfare needs of the birds which vary with the class, age and housing system. Failure to satisfy these needs will, in many cases, result in lower performance from the birds. These needs include: The provision of adequate floor space with enough headroom The provision of good quality food with adequate feeding space The provision of good quality water with adequate drinking space The opportunity to associate with flock mates The elimination of anything that may cause injury The elimination of all sources of unnecessary harassment 27 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) The maintenance of good health The presence of disease in the poultry flock is reflected by inferior performance. It is essential that the flock is in good health to achieve their performance potential. There are three elements of good health management of a poultry flock. These are: I. II. III. The prevention of disease The early recognition of disease The early treatment of disease Prevention of disease Preventing the birds from disease is a much more economical way of health management than waiting for the flock to become diseased before taking appropriate action. There are a number of factors that are significant in disease prevention. These are: 1. Application of a stringent farm quarantine program: The isolation of the farm/sheds from all other poultry. The control of vehicles and visitors. The introduction of day old chickens only onto the farm. The prevention of access to the sheds by all wild birds and all other animals including vermin. The provision of shower facilities and clean clothing for staff and visitors. The control of the movement of staff and equipment around the farm. 2. The use of good hygiene practices:: The provision of wash facilities for staff, essential visitors and vehicles prior to entry. 28 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) The use of disinfectant foot baths at the entry to each shed. The thorough cleaning and disinfection of all sheds between flocks. Maintaining the flock in a good state of well being by good stockmanship, nutrition and housing. The use of a suitable vaccination program. The use of a preventive medication program. The use of monitoring procedures to keep a check on the disease organism status of the farm, to check on the effectiveness of cleaning and sanitation procedures and to test the immunity levels to certain diseases in the stock to check the effectiveness of the vaccination program. The early recognition of disease Early recognition of disease is one of the first skills that should be learned by the poultry flock manager. Frequent inspection of the flock to monitor for signs of sickness are required. It is expected that inspection of all the birds is the first task performed each day, to monitor for signs of ill health, injury and harassment. At the same time feeders, drinkers and other equipment can be checked for serviceability. If a problem has developed since the last inspection, appropriate action can be taken in a timely manner. The early treatment of disease If a disease should infect a flock, early treatment may mean the difference between a mild outbreak and a more serious one. It is important that the correct treatment be used as soon as possible. This can only be achieved when the correct diagnosis has been made at an early stage. While there are times when appropriate treatment can be recommended as a result of a field diagnosis i.e. a farm autopsy, it is best if all such diagnoses be supported by a 29 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) laboratory examination to confirm the field diagnosis as well as to ensure that other conditions are not also involved. When treating stock, it is important that the treatment be administered correctly and at the recommended concentration or dose rate. Always read the instructions carefully and follow them. Most treatments should be administered under the guidance of the regular flock veterinarian. 30 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) B. Nutrition Diets may be formulated for each class of stock under various conditions of management, environment and production level. The diet specification to be used to obtain economic performance in any given situation will depend on factors such as: 1. The cost of the mixed diet 2. The commodity prices i.e. the income 3. The availability, price and quality of the different ingredients Maximising production is not necessarily the most profitable strategy to use as the additional cost required to provide the diet that will give maximum production may be greater than the value of the increase in production gained. A lower quality diet, while resulting in lower production may bring in greatest profit in the long term because of the significantly lower feed costs. Also the food given to a flock must be appropriate for that class of stock – good quality feed for one class of bird will quite likely be unsuitable for another. The following are key aspects in relation to the provision of a quality diet: 1. The ingredients from which the diet is made must be of good quality. 2. The weighing or measuring of all ingredients must be accurate. 3. All of the specified ingredients must be included. If one e.g. a grain is unavailable, the diet should be re-formulated. One ingredient is not usually a substitute for another without reformulation. 4. The micro-ingredients such as the amino acids, vitamins and other similar materials should not be too old and should be stored in cool storage – many such ingredients lose their potency over time, and particularly so at high temperatures. 31 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) 5. Do not use mouldy ingredients – these should be discarded. Mould in poultry food may contain toxins that may affect the birds. 6. Do not use food that is too old or has become mouldy. Storage facilities such as silos should be cleaned frequently to prevent the accumulation of mouldy material. The practice of good stockperson ship The term “stockperson ship” is difficult to define because it often means different things to different people. However, “stockperson ship” may be defined as ‘the harmonious interaction between the stock and the person responsible for their daily care’. There is no doubt that some stock people are able to obtain much better performance than others, under identical conditions. The basis of good stockperson ship is having a positive attitude and knowledge of the needs and behaviour of the stock under different circumstances, of management techniques and a willingness to spend time with the stock to be able to react to any adverse situations as they develop to keep stress to a minimum. Having the right attitude is also a very important element. The stockperson who spends as much time as possible with the stock from day old onwards by moving among them, handling them and talking to them, will grow a much quieter bird that reacts less to harassment, is more resistant to disease and performs better. The maximum use of management techniques techniques There are a number of different management techniques available for use by stockpersons that, while not essential for the welfare of the stock, do result in better performance. Examples of these are the regulation of day length, the management of live weight for age and of flock uniformity. The good manager will utilise these techniques whenever possible to maximise production efficiency and hence profitability of the flock. 32 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) C. Layer Farm Sequence A standard procedure is followed for the Layer Farm Sequence. This procedure starts when female chicks are raised into pullets for commercial egg production. This stage is called ‘rearing’, and there are several common rearing systems. Some farms raise layer chicks on a litter floor in a shed similar to a meat chicken shed. Other pullets are either finished off or reared entirely in wire-floored cages. Brooding (Day(Day-old to 8 weeks) When a hen sits still for a prolonged period without eating or drinking normally, she is said to be ‘broody’. This is a normal process during which the hen stops producing eggs in order to incubate a nest full of eggs. When the eggs hatch the hen then cares for the chicks by keeping them warm and finding feed and water for them. Modern strains of chicken have been selected not to go broody so that more eggs are laid over a period of time. 33 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Ltd. When rearing chicks commercially the aim is to do the same thing as the hen. The stage of life when chicks need some additional heat is called the brooding stage. It lasts up to six weeks, depending ding on the temperature of the environment until the chicks can control their body temperature themselves. From day day-old old they usually receive chick starter feed which aims to ensure they have plenty of protein (19%) and energy for body growth. Growing (8 to 20 weeks) Once chicks can control their body temperature they still need to be protected from climate extremes. At this stage they receive pullet grower feed which is less expensive and contains only 15% to 17% protein and 7% less energy than the starter er feed. Beak trimming and some vaccinations are done during the grower stage to prepare the birds for their adult life as laying hens. Anything that limits growth at this time can affect their ability to lay well. However, excessive feeding at this time can an be harmful, again leading to poor production. Restriction to feed supply to birds during growing stops them from growing at a fast rate and results in both feed savings and increased egg production when the birds mature. Careful weekly weighing of the birds is essential to restrict body weight and work 34 DK S NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) out how even the flock is growing. Breeding companies recommend what weight birds should be at each age. Moving Pullets are usually moved into their laying quarters, at 16-18 weeks of age, before they reach sexual maturity. This ensures that they are settled in before egg production begins. Handling birds at any time must be done with care to avoid injury. As pullets mature into laying hens they are fed a layer ration designed to enable them to perform best. Adult layer (20 to/up to 72 weeks) Adult hens are the real workers of the industry. For best performance they need to be fed carefully and kept in a house at 21-28oC. This means that hen houses are designed to keep as near as possible to this temperature year round. The hens are checked regularly to monitor their health and medicines may be administered as needed. Tinted egg strains usually require less feed (105g feed/hen/day) than brown egg strains (120g feed/hen/day). The quality of feed provided to hens may be varied for the level of production. Hens can need more nutrients just before and during their peak production than at other times. This is called phase feeding. It can be economical to adjust rations for such high demand periods. 35 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Egg Collecting and grading It takes about 26 hours for each egg to develop and each hen lays an egg a little later each day. This is not an exact thing and most eggs are laid in the morning. Eggs should be collected regularly and transferred from the hen house to an egg room where they are graded or checked for weight and for damaged shells. A sample of eggs is often broken open to check internal quality. Eggs are packed into cartons for 12 eggs or trays of 30 eggs for sale. Prices vary with egg size, so eggs must be separated on the basis of egg weight. Hand gathered eggs are preferred than the mechanically gathered. 36 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) D. Supply industries Supply industries refers to a number of industries that supply goods and services to the poultry industry. Most of these also supply goods and services to other industries, especially to the livestock industries. Organisations include those supplying the following: Feed The major input that the farmer makes to the production of poultry products is feed. It usually constitutes around 70% of the cost of production. Breeding stock Poultry breeding programs use the principles of genetics to select high performing birds. It is very expensive to keep a large population of breeders and only those who are prepared to take on such a cost can succeed in the commercial breeding industry. Feed ingredients In addition to the main feed ingredients, such as grains (wheat, maize, sorghum) and protein sources (meatmeal, fishmeal, soybean), feed must also contain vitamins and minerals as well as medication when necessary (including antibiotics ingested in their feed). Contrary to popular belief, hormones are not used in poultry feeds. A mix of minor ingredients (vitamins and minerals), called a premix are provided by specialist companies to be added to feed at mixing. 37 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Egg Packaging Farmers have an opportunity to create a brand identity using distinct egg packaging. Every farmer has its own unique process for creating quality eggs and egg products. Egg consumers are keen to “get close to the farm” and when they understand how to appreciate the difference between farm products, they identify with the farm’s brand and buy more egg products from the farm. Ensure that your packaging is always up-to-date Extended product life cycle Increased attractiveness Discreet modernisation of pack design Equipment Some of the equipment used in the industry is very sophisticated. Electronic climate controls, special feeders, waterers, foggers (for cooling chickens with a fine spray into the air), space heaters, egg incubators, litter mixing machines etc. are all supplied by specialist companies. Vaccines Many poultry diseases can be prevented by using vaccines to stimulate immunity. Most of these are live virus vaccines and special care is necessary to ensure they are alive and effective when used. When using and handling vaccines, always read and follow the instructions carefully. The importation of some vaccines is allowed, including some inactivated vaccines (e.g. Newcastle Disease, EDS) and a specialized list of live vaccine seeds (e.g. Marek’s Disease strains and CAV). 38 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Medicines When disease cannot be kept out of birds by isolation, hygiene and other preventive measures, it may be necessary to administer medicines to birds. A number of chemicals and antibiotics are used to treat and prevent some diseases. Antibiotics are added to feeds to help control diseases such as coccidiosis and necrotic enteritis. These diseases can cause considerable suffering and death in chickens raised on the ground. The antibiotics used must be approved and meet certain criteria. These criteria specify that the antibiotics must not leave residues in the meat, are only active against a limited number of organisms and are not related or similar to antibiotics which are used for human health. Most of the medicines used routinely are marketed in India by offices of multinational companies, which usually provide very reliable technical advice. Building and building materials Poultry houses are usually made from steel or timber with steel cladding (usually corrugated colour bond and galvanized iron). Insulation materials are usually placed inside the roof and walls to assist in the control of temperature in the shed. Many modern evaporatively cooled tunnel ventilated sheds are completely enclosed so that temperature and light are controlled at all times. These are called controlled environment sheds, while older sheds are sometimes called conventional sheds. Older sheds often have wire netting sides with adjustable blinds made of plastic or shutters made of wood or metal to control ventilation. Fans are used in both types of shed to move hot humid air away from the birds to keep them comfortable and productive. 39 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) CHAPTER - 7 LAYER BREED B V 300 Continuous research and development on BV-300 has made it a highly refined breed of excellent genetic potential, and one of the best layer breeds existing in the world today. BV-300 has proved its ability to perform well under various agroclimatic conditions. BV-300 is recognized as the most adaptable, consistent and prolific egg layer, and holds over 85% of layer market share in India for the last three decades. BV300 chicks represent the finest genetic package and are bred for profits. Maturity Age at 50% production 150 days Growing 97 – 98% Laying 94 – 96% Peak Production 97% + No of weeks above 90% 40 + Per hen housed (up to 72 weeks of age) 330 + Egg Weight Average Egg Weight up to 72 weeks 58 gm Feed Efficiency Feed/Egg (2400-2500 kcal/kg) 124 gm 20 weeks 1.3 – 1.36 kg 72 weeks 1.6 kg Shell Strength Ideal Interior Optimum Variety of Management Systems Easy to Handle Livability Egg Production Body Size Egg Quality Temperament 40 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) CHAPTER - 8 MARKET & MARKETING STRATEGY National Scenario: Poultry industry is the fastest growing sector in Indian Agriculture. India ranks the 5th largest producer of egg and 9th largest producer of Poultry meat of the world producing over 34 billion eggs and about 600 thousand tones of Poultry meat in the year 2004. This spectacular increase in production has occurred during last 3 decades due to continuous efforts of our scientists, researchers and pioneers of this field. Many other factors which include increased adoption of integrated farming system, contract farming, awareness of people about diet and health, cost effectiveness of Poultry meat compared to other meat, its low fat content, superior protein quality and change of life style of the people are also responsible for development of Poultry Sector. Over the past decade the Poultry industry in India has contributed approximately 1150 crores to our Gross National Product. An individual averagely needs 125 gms. of animal protein everyday where as only 14 gms. is available 41 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) which stands to 11% of the requirement. This prime shortfall can be compensated from the growth of Poultry industry, which is an important source of animal protein and can be made available to the population within the shortest possible time. State Scenario: Being situated in the threshold of West Bengal, Bihar & North Eastern States where demand of Poultry and Poultry products has been constantly on the rise, Odisha has been identified as a suitable destination for setting of Poultry units. The Agro climatic condition of Odisha State is conducive for Poultry farming, yet the growth rate is very slow due to huge investment in this sector. It is the fastest growing sector, which registered an average growth rate of 15 % per annum in Odisha during last 5 years. The egg availability per year per head in Odisha is 32 eggs as compared to national average of 42 eggs. Poultry development in the State has taken a quantum leap in the last three decades but the layer sector in the State is not up to the desired level. The Present human population in Odisha is 41.9 million (as per census 2011). 70% of the Poultry products and eggs are consumed in urban and semi urban areas. With the change in rearing and feeding practices, the untouchability of Poultry meat and eggs got changed and got wide acceptance. Spread of education is also responsible for accepting eggs as a nutritious item in the diet. Poultry products like egg and chicken constitute a primary source of animal protein. In this context it is desirable to enhance egg production in the State. The Govt. of Odisha is now giving more thrust to facilitate egg production through certain initiatives and policy decisions. The increase in egg production of the State not only 42 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) will eradicate the protein hunger of the State but also can create huge employment opportunities for people. The scope in this sector is enormous. The growth in Poultry sector will help in development of a number of supporting and allied industries like compound feed manufacturing, equipment and machinery, pharmaceuticals & biological. The Department of Fisheries & Animal Resources Development has embarked upon an ambitious programme to produce 65 lakh commercial eggs per day from 82.6 lakh layer birds during the next 10 years period. Different Govt. Departments working on poverty alleviation programme have been facilitated with different schemes and projects for implementation. The present demand for table eggs is 65 lakh per day (including the requirement for Mid Day Meal programme) vis-à-vis availability of 25 lakh eggs from commercial layer units. Presently, about 41 numbers Commercial Layer farms having 31.25 lakh birds are running in the State. The size of these Commercial Layer farms are ranging from 20,000 birds to 2, 00,000 birds. The total table egg production assuming 80 % production comes to 25 lakhs per day. The Govt. of Odisha has taken the following initiatives : The Govt. of Odisha has declared Poultry as Agriculture in 2005. This step has enabled our Poultry farmers to avail various incentives as being offered to Agriculture. Finance Department has already issued VAT exemptions on poultry feed, feed supplements and additives. 43 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Government land can be alienated under Odisha Government Land Settlement Act vide schedule-II of OGLS Rules. Financing Institutions are treating poultry as priority sector. Capital Investment Subsidy @ 40% of the capital investment in case of the general male entrepreneurs and @ 50% in case of SC/ST/Women/Graduates in Agriculture & Allied discipline excluding cost of land maximum up to 50 lakhs is being granted under Agriculture Policy 2013 by Agricultural Promotion & Investment Corporation of Odisha Limited (APICOL) for promotion of Poultry Sector. Interest subsidy on term loans will be provided to the agro enterprisers. Initially an interest subsidy of maximum ` 25 lakhs per unit will be provided subject to a ceiling that the subsidy should not exceed 5% for a period of 7 years. For SHGs/ Scheduled Castes/ Scheduled Tribes and women entrepreneurs, the ceiling may be fixed at ` 33 lakhs. State Level Apex Committee on Poultry Development constituted to ensure better co-ordination. Venture capital fund introduced by Govt. of India for poultry sector. Additional increase in demand of egg through introduction of MDM programme. Strengthening of Department Poultry Farms - As a measure for promotion of Backyard Poultry in the State, ARD Department has taken all steps for strengthening of departmental Poultry & Duck farms under the CSS programme “Assistance to State Poultry / Duck farms”. 44 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Odisha Electricity Regulatory Commission (OERC) has reduced the power tariff for poultry farms from Rs.4/- per unit to Rs.1.10 /unit. Advantages Of Eggs Eggs are great for the eyes. According to one study, an egg a day may prevent macular degeneraton due to the carotenoidcontent, specifically lutein and zeaxanthin. Both nutrients are more readily available to our bodies from eggs than from other sources. People who eat eggs every day lower their risk of developing cataracts, also because of the lutein and zeaxanthin in eggs. One egg contains 6 grams of high-quality protein and all 9 essential amino acids. According to a study by the Harvard School of Public Health, there is no significant link between egg consumption and heart disease. In fact, according to one study, regular consumption of eggs may help prevent blood clots, stroke, and heart attacks. They are a good source of choline. One egg yolk has about 300 micrograms of choline. Choline is an important nutrient that helps regulate the brain, nervous system, and cardiovascular system. They contain the right kind of fat. One egg contains just 5 grams of fat and only 1.5 grams of that is saturated fat. 45 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) New research shows that, contrary to previous belief, moderate consumption of eggs does not have a negative impact on cholesterol. In fact, recent studies have shown that regular consumption of two eggs per day does not affect a person's lipid profile and may, in fact, improve it. Research suggests that it is saturated fat that raises cholesterol rather than dietary cholesterol. Eggs are one of the only foods that contain naturally occurring vitamin D. Eggs may prevent breast cancer. In one study, women who consumed at least 6 eggs per week lowered their risk of breast cancer by 44%. Eggs promote healthy hair and nails because of their high sulphur content and wide array of vitamins and minerals. Many people find their hair growing faster after adding eggs to their diet, especially if they were previously deficient in foods containing sulphur or B12. One egg contains 6 grams of high-quality protein and all 9 essential amino acids. According to a study by the Harvard School of Public Health, there is no significant link between egg consumption and heart disease. In fact, according to one study, regular consumption of eggs may help prevent blood clots, stroke, and heart attacks. They are a good source of choline. One egg yolk has about 300 micrograms of choline. Choline is an important nutrient that helps regulate the brain, nervous system, and cardiovascular system. 46 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) COMPANY’S MARKETING STRATEGY Eggs demand in our state is way ahead of the Eggs produced .The demand is continuously growing day by day. Demand of eggs has already increased through introduction of Mid-Day-Meal Programme of Central Govt. The management also has a “Marketing Guarantee Certificate” from OPOLFED (Orissa State Poultry Products Cooperative Marketing Federation Ltd.). In fact, niche markets offer venues for producers of "specialty" eggs like organically produced eggs, free range eggs, colored eggs, or hand gathered and processed eggs. Egg marketing requires planning ahead as well as some understanding of laws and regulations, but the effort can pay off. Here are some tips and resources for marketing fresh farm eggs. Marketing Fresh Eggs Egg marketing Will be done in two basic ways: 1. Retail―selling directly to consumers: either on farm, on a subscription basis, or at farmers markets, 2. Wholesale―selling to retailers such as grocery stores, restaurants, hotels, or institutions. Wholesale marketing can be direct to retailers or through wholesale brokers or distributors. Another way to market wholesale is through a producer co-operative pooling technical, marketing, and purchasing capacities of individual farmers in order to distribute greater and more reliable quantities of eggs to retailers. 47 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Pricing A key to marketing any "niche" farm product is to avoid under pricing. Consumers expect to pay more for a niche product so be sure to research local market prices and base your selling price accordingly. Whatever your marketing strategy, keep in mind that different regulations apply to different marketing methods. Packaging & Branding The management has planed: To take take advantage of all of the benefits of point of sale layout Attractive to customers Easy location of the product on the shelf Fast, clear communication Professional presentation of your own range Establish successful brands Set yourself apart from the competition Value enhancement through a clear brand image Easy identifi cation and recognition of your product Create variety through promotion campaigns Enhanced sales through added-value for the consumer Successive novelty on the shelf 48 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) Take advantage of public holidays, seasons and special occasions with topical designs and campaigns. Tie the GREEN TREND into your marketing strategy Align with growing environmental consciousness Clear positioning towards the mostly well-to-do customer segment Communication of self-responsibility for our environment Ensure that your packaging is always UPUP-TOTO-DATE Extended product life cycle Increased attractiveness Discreet modernisation of pack design Uniform appearance High brand recognition effect 49 DKS NAYAGARH AGRO FARM ( A Unit of Nayagarh Agro Projects (P) Ltd.) CHAPTER - 9 FINANCIAL & ECONOMIC EVALUATION The Financial and Economic evaluation of the proposal is given by the way of following Annexure : ANNEXURE 1 PROJECT COST & MEANS OF FINANCE 1.1 DETAILS OF BLOCK CAPITAL 1.2 PRELIMINARY & PRE-OPERATIVE EXPENSES 1.3 ASSESSMENT OF WORKING CAPITAL 2 PROJECTED COST OF PRODUCTION AND PROFITABILITY 2.1 ASSUMPTION FOR COMPUTATION OF PROFITABILITY 2.2 COMPUTATION OF SALARIES 2.3 INTEREST & REPAYMENT SCHEDULE 2.4 COMPUTATION OF DEPRECIATION 2.5 COMPUTATION OF INCOME TAX 2.6 FLOCK SCHEDULE 2.7 STATEMENT OF INCOME 2.8 RAW MATERIALS 2.9 VALUATION OF CLOSING STOCK 2.10 FEED SAMPLE FORMULAE & FEED COST 3 PROJECTED FUND FLOW STATEMENT 4 PROJECTED BALANCE SHEET 5 PROJECTED BREAK EVEN ANALYSIS 6 PROJECTED INTERNAL RATE OF RETURN (IRR) 7 PROJECTED SECURITY MARGIN & ASSET COVERAGE RATIO 8 PROJECTED DEBT SERVICE COVERAGE RATIO (DSCR) 9 & 10 PROJECTED SENSITIVE ANALYSES : DSCR 50 DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 1 PROJECT COST & MEANS OF FINANCE [Rs. in Lacs] A. PROJECT COST TOTAL BLOCK CAPITAL LAND & SITE DEVELOPMENT BUILDING PLANT & MACHINERY MISC. FIXED ASSETS PROVISION FOR CONTINGENCIES -----------------1.80 134.07 21.51 67.79 0.00 -----------------225.17 PRELIMINARY & PRE-OPERATIVE EXPENSES MARGIN FOR WORKING CAPITAL 9.12 38.11 -----------------272.40 =========== B. MEANS OF FINANCE PROMOTERS' CONTRIBUTION : EQUITY TERM LOAN FROM BANK (Including Back Ended State Govt. Subsidy of Rs. 50.00 Lacs) 97.40 0.00 175.00 -----------------272.40 =========== C. FINANCIAL INDICATORS PROMOTERS' CONTRIBUTION 35.76% DEBT EQUITY RATIO 1.80 D. WORKING CAPITAL REQUIRED 142.11 E. WORKING CAPITAL LOAN (CC) REQUIRED 104.00 F. TOTAL BANK EXPOSURE TERM LOAN CASH CREDIT 175.00 104.00 -----------------279.00 =========== DSCR 2.02 IRR 16% PAYBACK PERIOD 5 YEARS DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 1.1 DETAILS OF BLOCK CAPITAL A. LAND & SITE DEVELOPMENT AMOUNT [Rs.] 4.420 Acres of land situated at Mouza - Khola, Khandapada, Dist. - Nayagarh, Odisha. as detailed below : Name of Owner Khata No. Plot No. Subham Panda 7 13/110 1.000 9/1 13/111 1.500 Manoranjan Panda Manoranjan Panda - Area (Acres) 1.920 4.420 Land Development including Landscaping, Internal Road, Swerege, Drainage etc. 180,000 TOTAL LAND & SITE DEVELOPMENT -----------------180,000 =========== DKS NAYAGARH AGRO PROJECTS PVT. LTD. B. BUILDING & OTHER CIVIL WORKS SL. DESCRIPTION L x W x H (ft.) AREA (Sft.) RATE [Rs.] 1. Broder Shed @ 0.5 sqft per bird for 10520 birds ACC Roofing and Brick wall Structure 5,260 260 1,367,600 2. Grower Shed @ 0.65 sqft per bird for 10204 birds ACC Roofing and Brick wall Structure 6,633 260 1,724,476 3. Layer Shed @ 0.75 sqft per bird for 40000 birds ACC Roofing and Brick wall Structure 30,000 260 7,800,000 4. Labour Room (Managers, Supervisor & Workers) @ 200 sqft per labour for 16 nos. ACC Roofing and Brick wall Structure 3,200 260 832,000 5. Store Room @ 1500 sqft for 1 nos. ACC Roofing and Brick wall Structure 1,500 260 390,000 6. Feed Godown @ 2000 sqft for 1 nos. ACC Roofing and Brick wall Structure 2,000 260 520,000 7. Office Room with Canteen @ 800 sqft for 1 nos. RCC Roofing and Brick wall Structure 800 350 280,000 8. Barbed wire fencing with gate 1 393,000 393,000 9. Bore Well with cashing pipe - 2 Nos. 2 50,000 100,000 TOTAL BUILDING AMOUNT [Rs.] -----------------13,407,076 =========== DKS NAYAGARH AGRO PROJECTS PVT. LTD. C. PLANT & MACHINERY SL. SPECIFICATION / SUPPLIER 1. Pump Set (2 Nos.) QUANTITY RATE [Rs.] AMOUNT [Rs.] 2 30,000 60,000 60,724 6.20 376,489 3. Overhead Tank - 2 Nos. 2 100,000 200,000 4. Feed Machinaries 1 566,000 566,000 60,724 5.20 315,765 6. D.G. Set (100 KVA) 1 500,000 500,000 7. Refrigirator 1 30,000 30,000 -----------------2,048,254 2. Pipelines @ Rs. 6.20 per Bird 5. Sprinklers & Foggers@ Rs. 5.20 per Layer PACKING, FORWARDING,TRANSPORTATION, INSURANCE, LOADING-UNLOADING, ERRECTION, TESTING & COMMISSIONING ( 5 % OF ABOVE) 102,413 -----------------2,150,667 =========== DKS NAYAGARH AGRO PROJECTS PVT. LTD. QUANTITY D. ELECTRICAL INSTALLATION 1. Electrical Installations @ 18 per Bird Substation, Transformer, Pannel Board, Switch Board, Wiring, Earthing, Internal & External Lighting, Security Deposit etc. 60,724 RATE [Rs.] 20 AMOUNT [Rs.] 1,214,480 -----------------1,214,480 PACKING, FORWARDING,TRANSPORTATION, INSURANCE, LOADING-UNLOADING, ERRECTION, TESTING & COMMISSIONING ( 5 % OF ABOVE) E. MISC. FIXED ASSETS 1. F. 60,724 -----------------1,275,204 =========== Deep Litter Equipments and Cages Brooder Cages for 10520 Nos. @ Rs. 66/- per bird Grower Cages for 10204 Nos. @ Rs. 83/- per bird Layer Cages for 40000 Nos. @ Rs. 93/- per bird 10,520 10,204 40,000 66 83 93 695,898 843,743 3,704,400 2. Weighing Machine 1 20,000 20,000 3. Tools & Tackles, Material Handling, Misc. Equipments 1 100,000 100,000 4. Furnitures & fixtures L/S 30,000 5. Computer System with CC TV L/S 80,000 6. Canteen Equipments L/S 30,000 -----------------MISC. FIXED ASSETS 5,504,041 =========== PROVISION FOR CONTIGENCIES 0% ON COST OF BUILDING 0 0% ON PLANT & MACHINERY 0 0% ON ELECTRICAL INSTALLATION 0 0% ON MISC. FIXED ASSETS 0 -----------------PROVISION FOR CONTIGENCIES 0 =========== DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 1.2 PRELIMINARY & PRE-OPERATIVE EXPENSES [Rs. in Lacs] A. PRELIMINARY EXPENSES 1. COMPANY FORMATION EXPENSES 0.30 2. FEES FOR PROJECT REPORT B. 0.20 -----------------0.50 ------------------ PRE-OPERATIVE EXPENSES 1. UP FRONT FEES/PROCESSING EXP. 1.13 2. TRAVELLING & CONVEYANCE 0.40 3. SALARY & ADMINISTRATIVE EXPENSES 0.50 4. MISCELLANEOUS EXPENSES 0.20 5. DOCUMENTATION EXPENSES 0.30 6. INTEREST DURING IMPLEMENTATION PERIOD 5.80 7. START UP EXPENSES 0.30 -----------------8.62 -----------------9.12 =========== NOTE : i) THE IMPLEMENTATION PERIOD OF THE PROJECT HAS BEEN ESTIMATED AT 1.00 YEAR. ii) INTEREST DURING IMPLEMENTATION PERIOD HAS BEEN TAKEN AT HALF OF THE PERIOD ON FULL AMOUNT OF THE LOAN CONSIDERING AN UNIFORM DISBURSEMENT OF THE LOAN. THE DETAILED COMPUTATION IS GIVEN BELOW : INTEREST : T.L. - BANK [Rs. in Lacs] LOAN RATE PERIOD AMOUNT AMOUNT AMOUNT (YEAR) (25%) ---------------- ---------------- ----------------- ----------------- -----------------175.00 13.25% 1.00 23.19 5.80 ----------------- -----------------23.19 5.80 ----------------- ------------------ iii) ALL OTHER EXPENSES HAS BEEN CONSIDERED IN LUMP SUM. DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 1.3 ASSESSMENT OF WORKING CAPITAL 1. COMPUTATION OF WORKING CAPITAL HAS BEEN DONE ON THE BASIS OF CAPACITY UTILISATION IN THE 1ST YEAR (2014-15) 2. WORKING CAPITAL REQUIRMENT HAS BEEN TAKEN FROM THE ANNUAL FIGURES GIVEN IN ANNEXURE - 2 PERIOD (MONTHS) ITEMS ====================== MARGIN WORKING PROMOTERS CAPITAL CONTRIREQUIRED BUTION [Rs. in Lacs] PERMISSIBLE BANK LIMIT ========== ========= ========= ========== ========= CURRENT ASSETS RAW MATERIALS 2.00 25% 44.10 11.03 33.08 CONSUMABLES 1.00 25% - - - 25% 93.49 23.37 70.12 W-I-P - FINISHED GOODS 0.75 25% 4.20 1.05 3.15 RECEIVABLES 0.25 25% 2.54 0.64 1.91 EXPENSES L.S. 100% LESS: CURRENT LIABILITIES 1.00 1.00 ---------------- ----------------- ----------------145.33 37.08 108.25 Option - I ========= ========== ========= RAWMATERIALS 0.25 2.72 STATUTORY EXP. L.S. 0.50 ---------------3.22 ---------------- NET WORKING CAPITAL LESS: MARGIN (25% OF CURRENT ASSETS) MAXMUM PERMISSIBLE BANK FINANCE (As per second method of lending) PROJECTED BANK FINANCE FOR WORKING CAPITAL Option - I or Option - II which ever is lower MARGIN FOR WORKING CAPITAL 142.11 36.33 ---------------105.78 Option - II ---------------- 105.78 36.33 SAY ----------------104.00 ----------------38.11 DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 2 PROJECTED COST OF PRODUCTION AND PROFITABILITY [Rs.in Lacs] 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------A. INCOME SALE OF EGGS 121.80 427.00 436.80 436.80 436.80 436.80 SALE OF CULLS 0.00 19.95 26.60 26.60 26.60 26.60 26.60 26.60 SALE OF GUNNY BAGS 1.27 3.25 3.31 3.31 3.31 3.31 3.31 3.31 SALE OF MANURE TOTAL SALES B. DIRECT EXPENDITURES FEED CONSUME CHICK COST 436.80 436.80 2.35 2.35 2.35 2.35 2.35 2.35 2.35 2.35 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------125.42 452.55 469.06 469.06 469.06 469.06 469.06 469.06 ========== ========= ========= ========== ========= ========== ========= ====== 130.57 329.21 334.65 334.65 334.65 334.65 334.65 334.65 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 MEDICINE COST 3.46 7.17 7.27 7.27 7.27 7.27 7.27 7.27 BIRDS INSURANCE 2.31 2.31 2.31 2.31 2.31 2.31 2.31 2.31 POWER 4.20 6.30 6.93 6.93 6.93 6.93 6.93 6.93 10.95 11.50 12.08 12.68 13.31 13.98 14.68 14.68 REPAIR & MAINTENANCE 2.24 2.35 2.47 2.59 2.72 2.86 3.00 3.00 FACTORY INSURANCE 1.12 1.12 1.12 1.12 1.12 1.12 1.12 1.12 FACTORY OVERHEADS 1.20 1.26 1.32 1.39 1.46 1.53 1.61 1.69 SALARY & WAGES DEPRECIATION ADD:OPENING STOCK OF SEMI-FINISHED GOODS LESS:CLOSING STOCK OF SEMI-FINISHED GOODS C. COST OF PRODUCTION ADD:OPENING STOCK OF FINISHED GOODS LESS:CLOSING STOCK OF FINISHED GOODS D. COST OF SALES 8.84 8.84 8.84 8.84 8.84 8.84 8.84 8.84 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------174.89 380.06 386.99 387.78 388.61 389.49 390.41 390.49 0.00 93.49 98.14 98.14 98.14 98.14 98.14 98.14 93.49 98.14 98.14 98.14 98.14 98.14 98.14 98.14 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------81.40 375.41 386.99 387.78 388.61 389.49 390.41 390.49 0.00 4.20 5.60 5.60 5.60 5.60 5.60 5.60 4.20 5.60 5.60 5.60 5.60 5.60 5.60 5.60 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------77.20 374.01 386.99 387.78 388.61 389.49 390.41 390.49 DKS NAYAGARH AGRO PROJECTS PVT. LTD. E. OVERHEADS MANAGERIAL REMUNERATION 1.80 1.89 1.98 2.08 2.18 2.29 2.40 2.40 OFFICE & ADMN. EXPENSES 1.20 1.26 1.32 1.39 1.46 1.53 1.61 1.61 PRELIMINARY EXP. W/O 1.14 1.14 1.14 1.14 1.14 1.14 1.14 1.14 SELLING EXPENSES F. TOTAL OPERATING COST G. OPERATING PROFIT 2.51 9.05 9.38 9.38 9.38 9.38 9.38 9.38 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------6.65 13.34 13.82 13.99 14.16 14.34 14.53 14.53 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------83.85 387.35 400.81 401.77 402.77 403.83 404.94 405.02 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------41.57 65.20 68.25 67.29 66.29 65.23 64.12 64.04 INTEREST [Rs.in Lacs] 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------- H. TERM LOAN WORKING CAPITAL LOAN TOTAL INTEREST I. PROFIT BEFORE TAX J. 16.56 15.77 13.45 10.60 7.22 3.32 0.17 0.00 13.78 13.78 13.78 13.78 13.78 13.78 13.78 13.78 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------30.34 29.55 27.23 24.38 21.00 17.10 13.95 13.78 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------11.23 35.65 41.02 42.91 45.29 48.13 50.17 50.26 PROVISION FOR TAX DEFERED TAX LIABILITY / (ASSET) 2.14 1.33 6.79 4.23 9.06 3.62 10.43 2.83 11.85 2.14 13.32 1.55 14.47 1.03 14.95 0.58 K. PROFIT AFTER TAX 7.76 24.63 28.34 29.65 31.30 33.26 34.67 34.73 L. DIVIDEND PAID RATE AMOUNT 0% 0.00 RETAINED PROFIT 7.76 24.63 28.34 29.65 31.30 33.26 34.67 34.73 19.07 38.84 41.94 42.46 43.42 44.79 45.68 45.29 M. N. CASH ACCRUAL (K + DEPRECIATION + PRE. EXP.) 0% 0.00 0% 0.00 0% 0.00 0% 0.00 0% 0.00 0% 0.00 DKS 0% 0.00 NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 2.1 ASSUMPTION FOR COMPUTATION OF PROFITABILITY A. SIZE OF BATCH Brooder Nos. 10520 Mortality 3% Grower 10204 2% Layer 10000 3% Culled 9500 5% B. MANURE AVAILABILITY MANURE QUANTITY 0.26 Kg./Bird/Week Brooding Growing 0.46 Kg./Bird/Week Laying 0.49 Kg./Bird/Week Sale Price Of Manure 0.40 Rs. Per Kg C. FEED CONSUMPTION Kg./Bird/Week 0.280 Brooding Period (0-8) Weeks Growing Period (9-20) Weeks 0.380 Laying Period (21-72) Weeks 0.800 D. FEED COST Rs./Kg. Chick Mash 17.50 Grower Mash 16.50 Layer Mash 16.00 E. OTHER ASSUMPTIONS Average Gunny Bag Size 50 Cost Of Gunny Bag Rs. 8.50 Kg. of Feed Rs./Bag. Cost Of Chicks Rs. 25.00 Per chick Cost Of Medicine Rs. 0.25 Per Week/Bird 6 Per Bird/week Per egg Egg Production Sale Price Per Egg Rs. 3.50 Sale Price Of Cull Birds Rs. 70.00 Per Bird 3.80 Per Bird (Rs. Per Annum) Insurance Rs. * 5% Free chicks are taken into consideration DKS NAYAGARH AGRO PROJECTS PVT. LTD. F. SALARY & WAGES The detailed computation of the factory salary for first year is given in Annexure-2.2. . An increase of 5% has been considered in subsequent years. G. REPAIR & MAINTENANCE This has been considred at 1% of the cost of factory building, Plant & Machinery and equipments. An increase of 5% has been considered in Subsequent years. H. PROJECT INSURANCE This has been considered at 0.5% on cost of factory building, Plant & machinery, misc. fixed assets and stock. I. OTHER FACTORY OVERHEADS This has been considered at Rs.10,000/- per month with an annual increase of 5% in subsequent years. J. DEPRECIATION The detailed computation of depreciation both as per Companies Act and as per IT Act is given in Annexure - 2.4 K. CLOSING STOCK Closing stock of Semi-finished and finished goods has been considered as below : Semi- Finished Goods Finished Goods - Months cost of production. 0.75 Months cost of Sales. L. ADMINISTRATIVE SALARY The detailed computation of Administrative salary is given in Annexure- 2.2 . An increase of 5% has been considered for subsequent years. DKS NAYAGARH AGRO PROJECTS PVT. LTD. M. MANAGERIAL REMUNERATION This has been taken at Rs.15,000/- per month and an increase of 5% has been considered in subsequent years. N. OFFICE ADMINISTRATIVE EXPENSES This has been considered at Rs.10,000/- per month with an annual increase of 5%. O. SELLING EXPENSES This has been considered at 1% of Sales. P. INTEREST The rate of interest on loans has been considered as under : Term loan 13.25% Working Capital Loan 13.25% The detailed Computation is given in Annexure-2.3 Q. INCOME TAX The detailed computation of the income tax is given in Annexure : 2.5 DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 2.2 COMPUTATION OF SALARIES Rs. NO. OF EMPLOYEES RATE PER Total MONTH ------------------ ----------------3 6,000 2 4,500 2 4,000 10 3,800 -----------------17 PER MONTH ------------------ Rs. SALARY PER MONTH B. SALARY & WAGES ------------------SUPERVISOR 18,000 GENERAL ADMIN. 9,000 SECURITY GUARD 8,000 WORKERS 38,000 ------------------73,000 ------------------SALARY PER ANNUM 876,000 ADD : 25% FOR FRINGE BENEFITS 219,000 ------------------1,095,000 ========== NOTE: AN INCREMENT OF 5% IS CONSIDERED IN SUBSEQUENT YEARS IN CASE OF SALARIES DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 2.3 INTEREST & REPAYMENT SCHEDULE [Rs.in Lacs] 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 ========== ========= ========= ========== ========= ========== ========= ====== A. TERM LOAN : BANK RATE OF INTEREST 175.00 (Including Back Ended State Govt. Subsidy of Rs. 50.00 Lacs) 13.25% 1ST QTR. OPENING BALANCE INTEREST REPAYMENT CLOSING BALANCE 175.00 4.14 0.00 175.00 175.00 4.14 4.00 171.00 159.00 3.61 5.00 154.00 139.00 2.95 6.00 133.00 115.00 2.15 7.00 108.00 87.00 1.23 8.00 79.00 55.00 0.17 55.00 0.00 0.00 0.00 0.00 0.00 2ND QTR. INTEREST REPAYMENT CLOSING BALANCE 4.14 0.00 175.00 4.01 4.00 167.00 3.45 5.00 149.00 2.75 6.00 127.00 1.92 7.00 101.00 0.96 8.00 71.00 0.00 0.00 0.00 0.00 0.00 0.00 3RD QTR. INTEREST REPAYMENT CLOSING BALANCE 4.14 0.00 175.00 3.88 4.00 163.00 3.28 5.00 144.00 2.55 6.00 121.00 1.69 7.00 94.00 0.70 8.00 63.00 0.00 0.00 0.00 0.00 0.00 0.00 4TH QTR. INTEREST REPAYMENT CLOSING BALANCE 4.14 0.00 175.00 3.74 4.00 159.00 3.11 5.00 139.00 2.35 6.00 115.00 1.46 7.00 87.00 0.43 8.00 55.00 0.00 0.00 0.00 0.00 0.00 0.00 16.56 15.77 13.45 10.60 7.22 3.32 0.17 0.00 0.00 16.00 20.00 24.00 28.00 32.00 55.00 0.00 16.56 31.77 33.45 34.60 35.22 35.32 55.17 0.00 104.00 104.00 104.00 104.00 104.00 104.00 13.78 13.78 13.78 13.78 13.78 13.78 13.78 13.78 30.34 29.55 27.23 24.38 21.00 17.10 13.95 13.78 ANNUAL INTEREST @ TOTAL T.L. REPAYMENT TOTAL (INTEREST + PRINCIPAL) B. WORKING CAPITAL LOAN (CASH CREDIT) RATE OF INTEREST 13.25% BALANCE ANNUAL INTEREST C. TOTAL INTEREST 104.00 104.00 DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 2.4 COMPUTATION OF DEPRECIATION BASIC COST ADD: CONTINGENCIES [Rs. in Lacs] PLANT & MISC.FIXD T O T A L MACHINERY ASSETS ----------------- ----------------- ------------------ ----------------- ------------------1.80 134.07 21.51 67.79 225.17 0.00 0.00 0.00 0.00 0.00 ----------------- ----------------- ------------------ ----------------- ------------------1.80 134.07 21.51 67.79 225.17 LAND BUILDING 0.00% 3.34% AS PER COMPANIES TAX ACT IN S.L.M. RATE OF DEPRECIATION 5.28% 4.75% - 1ST YEAR . DEP WDV 0.00 1.80 4.48 129.59 1.14 20.37 3.22 64.57 8.84 216.33 2ND YEAR . DEP WDV 0.00 1.80 4.48 125.11 1.14 19.23 3.22 61.35 8.84 207.49 3RD YEAR . DEP WDV 0.00 1.80 4.48 120.63 1.14 18.09 3.22 58.13 8.84 198.65 4TH YEAR . DEP WDV 0.00 1.80 4.48 116.15 1.14 16.95 3.22 54.91 8.84 189.81 5TH YEAR . DEP WDV 0.00 1.80 4.48 111.67 1.14 15.81 3.22 51.69 8.84 180.97 6TH YEAR . DEP WDV 0.00 1.80 4.48 107.19 1.14 14.67 3.22 48.47 8.84 172.13 7TH YEAR . DEP WDV 0.00 1.80 4.48 102.71 1.14 13.53 3.22 45.25 8.84 163.29 8TH YEAR . DEP WDV 0.00 1.80 4.48 98.23 1.14 12.39 3.22 42.03 8.84 154.45 DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 2.4A COMPUTATION OF DEPRECIATION AS PER INCOME TAX ACT IN W.D.V. METHOD BASIC COST ADD: CONTINGENCIES TOTAL COST RATE OF DEPRECIATION [Rs. in Lacs] PLANT & MISC.FIXD T O T A L MACHINERY ASSETS ----------------- ----------------- ------------------ ----------------- ------------------1.80 134.07 21.51 67.79 225.17 0.00 0.00 0.00 0.00 0.00 ----------------- ----------------- ------------------ ----------------- ------------------1.80 134.07 21.51 67.79 225.17 LAND BUILDING 0% 10% 15% 15% 1ST YEAR . DEP WDV 1.80 13.41 120.66 3.23 18.28 10.17 57.62 26.80 198.37 2ND YEAR . DEP WDV 1.80 12.07 108.59 2.74 15.54 8.64 48.98 23.45 174.92 3RD YEAR . DEP WDV 1.80 10.86 97.73 2.33 13.21 7.35 41.63 20.54 154.38 4TH YEAR . DEP WDV 1.80 9.77 87.96 1.98 11.23 6.25 35.38 18.00 136.38 5TH YEAR . DEP WDV 1.80 8.80 79.16 1.68 9.55 5.31 30.07 15.79 120.59 6TH YEAR . DEP WDV 1.80 7.92 71.24 1.43 8.12 4.51 25.56 13.86 106.73 7TH YEAR . DEP WDV 1.80 7.12 64.12 1.22 6.90 3.83 21.73 12.17 94.56 8TH YEAR . DEP WDV 1.80 6.41 57.71 1.04 5.86 3.26 18.47 10.71 83.85 DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 2.5 COMPUTATION OF INCOME TAX [Rs.in Lacs] 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 ========== ========= ========= ========== ========= ========== ========= ====== INCOME TAX BASED ON DEPRECIATION AS PER COMPANIES ACT : A. PROFIT BEFORE TAX (As per Profit & Loss Account) 11.23 35.65 41.02 42.91 45.29 48.13 50.17 50.26 B. INCOME TAX @ 3.90% ON 'A' 3.47 11.02 12.68 13.26 13.99 14.87 15.50 15.53 INCOME TAX BASED ON DEPRECIATION AS PER INCOME TAX ACT : A. PROFIT BEFORE TAX (As per Profit & Loss Account) B. ADD : DEPRECIATION ALREADY CHARGED C. LESS : DEPRECIATION AS PER INCOME TAX ACT. D. A+B-C E. CARRY FORWARD DEPRECIATION/LOSS 11.23 35.65 41.02 42.91 45.29 48.13 50.17 50.26 8.84 8.84 8.84 8.84 8.84 8.84 8.84 8.84 26.80 23.45 20.54 18.00 15.79 13.86 12.17 10.71 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------(6.73) 21.04 29.32 33.75 38.34 43.11 46.84 48.39 0.00 (6.73) 0.00 0.00 0.00 0.00 0.00 0.00 (6.73) 14.31 29.32 33.75 38.34 43.11 46.84 48.39 4.42 9.06 10.43 11.85 13.32 14.47 14.95 F. TAXABLE INCOME (D+E) G. NORMAL TAX @ 30.9% ON 'F' H. MAT TAX @ 19.06% ON 'A' 2.14 6.79 7.82 8.18 8.63 9.17 9.56 9.58 I. INCOME TAX PAYABLE ( G or H whichever is higher) 2.14 6.79 9.06 10.43 11.85 13.32 14.47 14.95 J. LOSS CARRIED FORWARD (6.73) - - - - - DEFERED TAX LIABILITY / (ASSET) - 1.33 - 4.23 - 3.62 2.83 2.14 1.55 1.03 DKS 0.58 NAYAGARH AGRO PROJECTS PVT. LTD. MOUZA - KHOLA, KHANDAPADA, DIST - NAYAGARH FLOCK SCHEDULE YEAR BATCH BROODER SHED ANNEXURE - 2.6 GROWER SHED LAYER SHED-1 LAYER SHED-2 LAYER SHED-3 LAYER SHED-4 BATCHES PURCHASE D BROODING WEEKS GROWING WEEKS LAYING WEEKS BATCHES CULLED WEEKS 2014-15 2015-16 2016-17 1 2 3 4 1-8 13 - 20 25 - 32 37 - 44 9 - 20 21 - 32 33 - 44 45 - 52 21 - 52 TOTAL 33 - 52 - 45 - 52 - - 1 1 1 1 4 8 8 8 8 32 12 12 12 8 44 32 20 8 0 60 0 1 2 3 4 5 6 7 8 1-8 13 - 20 25 - 32 37 - 44 1-4 9 - 20 21 - 32 33 - 44 45 - 52 1 - 20 21 - 52 TOTAL 1 - 32 33 - 52 1- 44 45 - 52 - 5 - 52 - 1 1 1 1 4 0 0 0 0 8 8 8 8 32 0 0 0 4 12 12 12 8 48 20 32 44 48 32 20 8 0 204 1 1 1 3 4 5 6 7 8 9 10 11 12 1-8 13 - 20 25 - 32 37 - 44 1-4 9 - 20 21 - 32 33 - 44 45 - 52 1 - 20 21 - 52 TOTAL 1 - 32 33 - 52 1 - 44 45 - 52 - 1-4 5 - 52 1 1 1 1 4 0 0 0 0 0 8 8 8 8 32 0 0 0 0 4 12 12 12 8 48 4 20 32 44 48 32 20 8 0 208 1 1 1 1 4 - - - DKS YEAR BATCH BROODER SHED GROWER SHED LAYER SHED-1 LAYER SHED-2 LAYER SHED-3 LAYER SHED-4 BATCHES PURCHASE D BROODING WEEKS GROWING WEEKS LAYING WEEKS BATCHES CULLED 1 - 44 45 - 52 - 1-4 5 - 52 1 1 1 1 4 0 0 0 0 0 8 8 8 8 32 0 0 0 0 4 12 12 12 8 48 4 20 32 44 48 32 20 8 0 208 1 1 1 1 4 1 - 44 45 - 52 - 1-4 5 - 52 1 1 1 1 4 0 0 0 0 0 8 8 8 8 32 0 0 0 0 4 12 12 12 8 48 4 20 32 44 48 32 20 8 0 208 1 1 1 1 4 1 - 44 45 - 52 - 1-4 5 - 52 1 1 1 1 4 0 0 0 0 0 8 8 8 8 32 0 0 0 0 4 12 12 12 8 48 4 20 32 44 48 32 20 8 0 208 1 1 1 1 4 WEEKS 2017-18 2018-19 2019-20 8 9 10 11 12 13 14 15 16 1-8 13 - 20 25 - 32 37 - 44 1-4 9 - 20 21 - 32 33 - 44 45 - 52 1 - 20 21 - 52 TOTAL 1 - 32 33 - 52 12 13 14 15 16 17 18 19 20 1-8 13 - 20 25 - 32 37 - 44 1-4 9 - 20 21 - 32 33 - 44 45 - 52 1 - 20 21 - 52 TOTAL 1 - 32 33 - 52 16 17 18 19 20 21 22 23 24 1-8 13 - 20 25 - 32 37 - 44 1-4 9 - 20 21 - 32 33 - 44 45 - 52 1 - 20 21 - 52 TOTAL 1 - 32 33 - 52 - - - - - - DKS YEAR BATCH BROODER SHED GROWER SHED LAYER SHED-1 LAYER SHED-2 LAYER SHED-3 LAYER SHED-4 BATCHES PURCHASE D BROODING WEEKS GROWING WEEKS LAYING WEEKS BATCHES CULLED 1 - 44 45 - 52 - 1-4 5 - 52 1 1 1 1 4 0 0 0 0 0 8 8 8 8 32 0 0 0 0 4 12 12 12 8 48 4 20 32 44 48 32 20 8 0 208 1 1 1 1 4 1 - 44 45 - 52 - 1-4 5 - 52 1 1 1 1 4 0 0 0 0 0 8 8 8 8 32 0 0 0 0 4 12 12 12 8 48 4 20 32 44 48 32 20 8 0 208 1 1 1 1 4 WEEKS 2020-21 2021-22 20 21 22 23 24 25 26 27 28 1-8 13 - 20 25 - 32 37 - 44 1-4 9 - 20 21 - 32 33 - 44 45 - 52 1 - 20 21 - 52 TOTAL 1 - 32 33 - 52 24 25 26 27 28 29 30 31 32 1-8 13 - 20 25 - 32 37 - 44 1-4 9 - 20 21 - 32 33 - 44 45 - 52 1 - 20 21 - 52 TOTAL 1 - 32 33 - 52 - - - - DKS NAYAGARH AGRO PROJECTS PVT. LTD. MOUZA - KHOLA, KHANDAPADA, DIST - NAYAGARH ANNEXURE - 2.7 STATEMENT OF INCOME 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 60 6 10000 3600000 3.50 126.00 4.20 121.80 204 6 10000 12240000 3.50 428.40 5.60 4.20 427.00 208 6 10000 12480000 3.50 436.80 5.60 5.60 436.80 208 6 10000 12480000 3.50 436.80 5.60 5.60 436.80 208 6 10000 12480000 3.50 436.80 5.60 5.60 436.80 208 6 10000 12480000 3.50 436.80 5.60 5.60 436.80 208 6 10000 12480000 3.50 436.80 5.60 5.60 436.80 208 6 10000 12480000 3.50 436.80 5.60 5.60 436.80 0 9500 0 70.00 - 3 9500 28500 70.00 19.95 4 9500 38000 70.00 26.60 4 9500 38000 70.00 26.60 4 9500 38000 70.00 26.60 4 9500 38000 70.00 26.60 4 9500 38000 70.00 26.60 4 9500 38000 70.00 26.60 INCOME FROM SALE OF EGGS. No. of Laying Weeks No. of Egg. Prodn. Per Bird per Week Layer. Bird Strength (Nos.) per Batch Total Egg Production (Nos.) Sales Price per Egg (Rs.) Total Value of Egg (Rs. in Lacs) Less : Closing Stock of Egg. (Rs. in Lacs) Add: Opening Stock of Egg. (Rs. in Lacs) TOTAL SALE OF EGG. (Rs. in Lacs) INCOME FROM SALE OF CULLED BIRDS No. of Batches Culled Bird Strength (Nos.) per Batch Culled Total Nos. of Bird Culled Sale Price per Culled Bird (Rs.) Total Sale Value of Culls (Rs. in Lacs) INCOME FROM SALE OF GUNNY BAGS Total Feed Consumption (Kgs) Gunny Bag Average Size (Kg.) Gunny Bags Availability (Nos. per Kg. of Feed) No. of Gunnys Available Sale price per Gunny Bag (Rs.) Total Sale Value of Gunny Bags (Rs.in Lacs) 744,870 50 0.0200 14897 8.50 1.27 1,912,380 1,944,380 50 50 0.0200 0.0200 38248 38888 8.50 8.50 3.25 3.31 1,944,380 1,944,380 1,944,380 1,944,380 1,944,380 50 50 50 50 50 0.0200 0.0200 0.0200 0.0200 0.0200 38888 38888 38888 38888 38888 8.50 8.50 8.50 8.50 8.50 3.31 3.31 3.31 3.31 3.31 DKS INCOME FROM SALE OF MANURE 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 BROODER Brooder Batch Size (Nos.) No. of Brooding Weeks Manure per bird per week (Kg.) Manure Available (Kg.) 10520 32 0.26 87526 10520 32 0.26 87526 10520 32 0.26 87526 10520 32 0.26 87526 10520 32 0.26 87526 10520 32 0.26 87526 10520 32 0.26 87526 10520 32 0.26 87526 GROWER Grower Batch Size (Nos.) No. of Growing Weeks Manure per bird per week (Kg.) Manure Available (Kg.) 10204 44 0.46 206529 10204 48 0.46 225304 10204 48 0.46 225304 10204 48 0.46 225304 10204 48 0.46 225304 10204 48 0.46 225304 10204 48 0.46 225304 10204 48 0.46 225304 LAYER Layer Batch Size (Nos.) No. of Laying Weeks Manure per bird per week (Kg.) Manure Available (Kg.) 10000 60 0.49 294000 10000 204 0.49 999600 10000 208 0.49 1019200 10000 208 0.49 1019200 10000 208 0.49 1019200 10000 208 0.49 1019200 10000 208 0.49 1019200 10000 208 0.49 1019200 Total Manure Available (Kg.) Sale price of Manure per Kg. (Rs.) Total Sale Value of Manure (Rs. in Lacs) 588055 0.40 2.35 1312430 0.40 2.35 1332030 0.40 2.35 1332030 0.40 2.35 1332030 0.40 2.35 1332030 0.40 2.35 1332030 0.40 2.35 1332030 0.40 2.35 DKS NAYAGARH AGRO PROJECTS PVT. LTD. MOUZA - KHOLA, KHANDAPADA, DIST - NAYAGARH RAW MATERIALS ANNEXURE - 2.8 Brooder Feed Consumption Per Bird per week (Kgs) Feed Cost (Kg.) 0.28 21.09 Chik Price per Pc (Rs.) Cost of medicine per Week Per Bird (Rs.) Insurance per Bird (Rs. Per Annum) 25.00 0.25 3.80 Grower Layer 0.38 17.33 0.8 17.01 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 BROODER HOUSE Brooder. Bird Strength (Nos.) No of Brooding Weeks Feed Consumption per Annum (Kgs) Feed Cost (Rs. In lacs) 10520 32 94259 19.88 10520 32 94259 19.88 10520 32 94259 19.88 10520 32 94259 19.88 10520 32 94259 19.88 10520 32 94259 19.88 10520 32 94259 19.88 10520 32 94259 19.88 GROWER HOUSE Grower. Bird Strength (Nos.) No of Growing Weeks Feed Consumption per Annum (Kgs) Feed Cost (Rs. In lacs) 10204 44 170611 29.03 10204 48 186121 31.67 10204 48 186121 31.67 10204 48 186121 31.67 10204 48 186121 31.67 10204 48 186121 31.67 10204 48 186121 31.67 10204 48 186121 31.67 LAYER HOUSE Layer. Bird Strength (Nos.) No of Growing Weeks Feed Consumption per Annum (Kgs) Feed Cost (Rs. In lacs) 10000 60 480000 81.66 10000 204 1632000 277.66 10000 208 1664000 283.1 10000 208 1664000 283.1 10000 208 1664000 283.1 10000 208 1664000 283.1 10000 208 1664000 283.1 10000 208 1664000 283.1 Total Feed Consumption (Kgs) Total Feed Cost (Rs. In lacs) 744870 130.57 1912380 329.21 1944380 334.65 1944380 334.65 1944380 334.65 1944380 334.65 1944380 334.65 1944380 334.65 Chick Cost (Rs. In lacs) 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 Cost of medicine (Rs. In lacs) 3.46 7.17 7.27 7.27 7.27 7.27 7.27 7.27 Bird Insurance (Rs. In lacs) 2.31 2.31 2.31 2.31 2.31 2.31 2.31 2.31 DKS NAYAGARH AGRO PROJECTS PVT. LTD. MOUZA - KHOLA, KHANDAPADA, DIST - NAYAGARH ANNEXURE - 2.9 VALUATION OF CLOSING STOCK 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 NO. OF BIRDS - GROWER HOUSE VALUE OF GROWERS @ RS. 158/- (Rs. in Lacs) 10204 23.73 10204 23.73 10204 23.73 10204 23.73 10204 23.73 10204 23.73 10204 23.73 10204 23.73 NO. OF BIRDS - LAYER HOUSE (4 SHEDS) VALUE OF LAYER @ RS. 130/- (Rs. in Lacs) 30000 69.76 40000 74.41 40000 74.41 40000 74.41 40000 74.41 40000 74.41 40000 74.41 40000 74.41 CLOSING STOCK OF EGGS for 4 Days (Rs. in Lacs) 4.20 5.60 5.60 5.60 5.60 5.60 5.60 5.60 CLOSING STOCK OF FEED for 2 Months (Rs. in Lacs) 43.52 54.87 55.78 55.78 55.78 55.78 55.78 55.78 CLOSING STOCK OF MEDICINE for 1 Months (Rs. in Lacs) 0.58 0.60 0.61 0.61 0.61 0.61 0.61 0.61 141.79 159.21 160.13 160.13 160.13 160.13 160.13 160.13 TOTAL VALUE OF CLOSING STOCK (Rs. in Lacs) VALUATION OF GROWER & LAYER CHICK PRICE 25.00 FEED PRICE 126.24 INSURANC ELECTRY/LABOUR/ INTEREST/ADMIN. EXPS. E MEDICINE 5 1.46 63.08 MORTALIT BIRD Y Value (Rs.) 11.75 233 DKS ANNEXURE - 2.10 FEED SAMPLE FORMULAE & FEED COST 1.CHICK MASH. Ingredients Maize Broken Rice Soyabean Sunflower Cake Till Cake Lime Stone Salt DCP (Di-Calcium Phosphet) TM (Trace Minerals) Mineral & vitamins TOTAL Rate per K.G Rate per K.G. 15 14 34.7 12 12 4 7 50 70 - Amount 6,000.00 2,800.00 10,410.00 360.00 600.00 80.00 21.00 400.00 210.00 500.00 21,381.00 21.09 Quantity 310 80 160 180 200 40 23 3 7 1.5 1004.5 Rate per K.G. 15 4 14 34.7 12 12 4 7 50 70 - Amount 4,650.00 320.00 2,240.00 6,246.00 2,400.00 480.00 92.00 21.00 350.00 105.00 500.00 17,404.00 17.33 Quantity 210 190 180 160 60 110 3 6 80 1.5 Rate per K.G. 15 14 34.7 12 12 4 7 50 12 70 - Amount 3,150.00 2,660.00 6,246.00 1,920.00 720.00 440.00 21.00 300.00 960.00 105.00 500.00 17,022.00 17.01 Quantity(kgs) 400 200 300 30 50 20 3 8 3 1014 2.GROWER MASH. Ingredients Maize DOB Broken Rice Soyabean Sunflower Cake Till Cake Lime Stone Salt DCP TM Mineral & vitamins TOTAL Rate per K.G 3.LAYER MASH. Ingredients Maize Broken Rice Soyabean Sunflower Cake Till Cake Lime Stone Salt DCP DGM TM Mineral & vitamins TOTAL Rate per K.G 1000.5 DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 3 PROJECTED FUND FLOW STATEMENT [Rs.in Lacs] 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 ========== ========= ========= ========== ========= ========== ========= ====== A. SOURCES PROFIT AFTER DEPRECIATION BUT BEFORE INTEREST & TAX ADD:DEPRECIATION ADD : PRELIMINARY EXP. W/O FUND FROM OPERATION INCREASE IN : PROMOTERS EQUITY TERM LOAN FROM BANK CASH CREDIT CURRENT LIABILITIES SUNDRY CREDITORS STATUTORY LIABILITIES B. APPLICATIONS CAPITAL EXPENDITURE CAPITAL W.I.P. PRELIMINARY EXPENSES INCREASE IN INVENTORIES RAW MATERIALS COMSUMABLES W-I-P FINISHED GOODS 27.79 51.42 54.47 53.51 52.51 51.45 50.34 50.26 8.84 8.84 8.84 8.84 8.84 8.84 8.84 8.84 1.14 1.14 1.14 1.14 1.14 1.14 1.14 1.14 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------37.77 61.40 64.45 63.49 62.49 61.43 60.32 60.24 97.40 175.00 104.00 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 0.00 0.00 2.72 0.14 0.14 0.15 0.16 0.17 0.17 0.18 0.50 0.03 0.03 0.03 0.03 0.03 0.03 0.03 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------417.39 61.57 64.62 63.67 62.68 61.63 60.52 60.45 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------225.17 0.00 9.12 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 0.00 44.10 0.00 93.49 4.20 11.37 0.00 4.65 1.40 0.92 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 0.00 0.00 0.00 INCREASE IN S.DEBTORS FIXED DEPOSIT WITH BANK 2.54 0.00 6.89 0.00 0.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ADVANCE TO SUPPLIERS INCREASE IN DEPOSITS DECREASE IN : TERM LOAN - BANK PAYMENT OF INTEREST ON TERM LOAN ADVANCE PAYMENT OF I. TAX PAYMENT OF DIVIDEND 1.00 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 16.00 20.00 24.00 28.00 32.00 55.00 0.00 C. SURPLUS/(DEFICIT) D. OPENING BALANCE E. CLOSING BALACE 16.56 15.77 13.45 10.60 7.22 3.32 0.17 0.00 2.14 6.79 9.06 10.43 11.85 13.32 14.47 14.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------398.32 62.87 43.77 45.03 47.07 48.64 69.64 14.95 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------19.07 0.00 19.07 (1.30) 19.07 17.77 20.85 17.77 38.62 18.64 38.62 57.26 15.61 57.26 72.87 12.99 72.87 85.86 (9.12) 45.50 85.86 76.74 76.74 122.24 DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 4 PROJECTED BALANCE SHEET [Rs.in Lacs] A. LIABILITIES SHARE CAPITAL PAID UP CAPITAL 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 ========== ========= ========= ========== ========= ========== ========= ====== 97.40 97.40 97.40 97.40 97.40 97.40 7.76 32.39 60.73 90.38 121.68 154.94 SECURED LOAN TERM LOAN BANK 159.00 139.00 115.00 (Including Back Ended State Govt. Subsidy of Rs. 50.00 Lacs) 87.00 55.00 0.00 RESERVE & SURPLUS PROFIT & LOSS ACCOUNT CASH CREDIT CURRENT LIABILITIES SUNDRY CREDITORS STATUTORY LIABILITIES INSTALL. OF TETM LOAN DUE WITHIN 1 YEAR PROVISION FOR I. TAX DEFERRED TAX LIABILITY 104.00 104.00 104.00 104.00 104.00 104.00 2.72 0.50 2.86 0.53 3.00 0.56 3.15 0.59 3.31 0.62 3.48 0.65 97.40 97.40 189.61 224.34 0.00 0.00 104.00 104.00 3.65 0.68 3.83 0.71 16.00 20.00 24.00 28.00 32.00 55.00 0.00 0.00 2.14 6.79 9.06 10.43 11.85 13.32 14.47 14.95 1.33 5.56 9.18 12.01 14.15 15.70 16.73 17.31 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------390.85 408.53 422.93 432.96 440.01 444.49 426.54 462.54 ========== ========= ========= ========== ========= ========== ========= ====== B. ASSETS FIXED ASSETS GROSS BLOCK LESS : DEPRECIATION NET BLOCK (WDV) CAPITAL W.I.P. CURRENT ASSETS : INVENTORY RAW MATERIALS COMSUMABLES W-I-P FINISHED GOODS SUNDRY DEBTORS CASH & BANK BALANCE FIXED DEPOSIT WITH BANK ADVANCE TO SUPPLIERS ADVANCE PAYMENT OF TAX SECURITY DEPOSIT PRELIMINARY EXPENSES 225.17 225.17 225.17 225.17 225.17 225.17 225.17 225.17 8.84 17.68 26.52 35.36 44.20 53.04 61.88 70.72 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------216.33 207.49 198.65 189.81 180.97 172.13 163.29 154.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 44.10 93.49 4.20 55.47 98.14 5.60 56.39 98.14 5.60 56.39 98.14 5.60 56.39 98.14 5.60 56.39 98.14 5.60 56.39 98.14 5.60 56.39 98.14 5.60 2.54 19.07 0.00 1.00 2.14 0.00 9.43 17.77 0.00 1.00 6.79 0.00 9.77 38.62 0.00 1.00 9.06 0.00 9.77 57.26 0.00 1.00 10.43 0.00 9.77 72.87 0.00 1.00 11.85 0.00 9.77 85.86 0.00 1.00 13.32 0.00 9.77 9.77 76.74 122.24 0.00 0.00 1.00 1.00 14.47 14.95 0.00 0.00 7.98 6.84 5.70 4.56 3.42 2.28 1.14 0.00 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------390.85 408.53 422.93 432.96 440.01 444.49 426.54 462.54 ========== ========= ========= ========== ========= ========== ========= ====== DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 5 PROJECTED BREAK EVEN ANALYSIS [Rs.in Lacs] 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 ========== ========= ========= ========== ========= ========== ========= ====== 1. CAPACITY SALES CAPACITY UTILISATION PROJECTED SALES 469.06 27% 469.06 96% 469.06 100% 469.06 100% 469.06 100% 469.06 100% 469.06 469.06 100% 100% 125.42 452.55 469.06 469.06 469.06 469.06 469.06 469.06 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- ----------- 2. VARIABLE COST RAWMATERIALS 144.03 346.38 351.92 351.92 351.92 351.92 351.92 CONSUMABLES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ADD : OPENING S.I.P. 0.00 93.49 98.14 98.14 98.14 98.14 98.14 LESS : CLOSING S.I.P. (93.49) (98.14) (98.14) (98.14) (98.14) (98.14) (98.14) ADD : OPENING F.G. 0.00 4.20 5.60 5.60 5.60 5.60 5.60 LESS : CLOSING F.G. (4.20) (5.60) (5.60) (5.60) (5.60) (5.60) (5.60) POWER & FUEL 4.20 6.30 6.93 6.93 6.93 6.93 6.93 BIRDS INSURANCE 2.31 2.31 2.31 2.31 2.31 2.31 2.31 DIRECT WAGES 10.95 11.50 12.08 12.68 13.31 13.98 14.68 INTEREST ON WORKING CAPITAL 13.78 13.78 13.78 13.78 13.78 13.78 13.78 SELLING EXPENSES 2.51 9.05 9.38 9.38 9.38 9.38 9.38 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------80.09 383.27 396.40 397.00 397.63 398.30 399.00 ------------------ ----------------- ----------------- ------------------ ----------------- ------------------- ---------------- 351.92 0.00 98.14 (98.14) 5.60 (5.60) 6.93 2.31 14.68 13.78 9.38 ----------399.00 ----------- 3. CONTRIBUTION 45.33 69.28 72.66 72.06 71.43 70.76 70.06 70.06 4. FIXED COST 34.10 33.63 31.64 29.15 26.14 22.63 19.89 19.80 36.14% 15.31% 15.49% 15.36% 15.23% 15.09% 14.94% 14.94% 94.35 219.68 204.26 189.75 171.66 150.01 133.17 132.56 a] OF PROJECTED SALES 75.23% 48.54% 43.55% 40.45% 36.60% 31.98% 28.39% 28.26% b] OF CAPACITY SALES 20.11% 46.83% 43.55% 40.45% 36.60% 31.98% 28.39% 28.26% 5. PROFIT VOLUME RATIO 6. BREAK EVEN SALES 7. B.E.P. AS A PERCENTAGE DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 6 PROJECTED INTERNAL RATE OF RETURN (IRR) [Rs.in Lacs] 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 ========== ========= ========= ========== ========= ========== ========= ====== Cash Accrual 17.74 34.61 38.32 39.63 41.28 43.24 44.65 44.71 Interest 16.56 15.77 13.45 10.60 7.22 3.32 0.17 - Interest during Construction - - - - - - - - Any Other Profit - - - - - - - - 34.30 50.38 51.77 50.23 48.50 46.56 44.82 44.71 234.29 - - - - - - - 234.29 - - - - - - - (199.99) 50.38 51.77 50.23 48.50 46.56 44.82 44.71 Total Inflows Capital Expenditure Normal Capital Employed Increase in CA Margin Money for WC Total Outflow Net Inflow IRR PAYBACK PERIOD - 16% 5 YEARS DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 7 PROJECTED SECURITY MARGIN & ASSET COVERAGE RATIO [Rs.in Lacs] 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 ========== ========= ========= ========== ========= ========== ========= ====== WDV of Fixed Assets 216.33 207.49 198.65 189.81 180.97 172.13 163.29 ##### TL Outstanding 175.00 159.00 139.00 115.00 87.00 55.00 - - Margin Available 41.33 48.49 59.65 74.81 93.97 117.13 163.29 ##### Security Margin % 19% 23% 30% 39% 52% 68% Asset Coverage Ratio 1.24 1.30 1.43 1.65 2.08 3.13 100% 100.00 DKS 100% ##### NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 8 PROJECTED DEBT SERVICE COVERAGE RATIO (DSCR) [Rs.in Lacs] 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 ========== ========= ========= ========== ========= ========== ========= ====== A. SALES TOTAL 125.42 452.55 469.06 469.06 469.06 469.06 469.06 ##### 3,392 B. OPERATING COST TOTAL 83.85 387.35 400.81 401.77 402.77 403.83 404.94 ##### 2,890 C. OPERATING PROFIT 41.57 65.20 68.25 67.29 66.29 65.23 64.12 64.04 D. INTEREST TERM LOAN WORKING CAPITAL LOAN 16.56 13.78 15.77 13.78 13.45 13.78 10.60 13.78 7.22 13.78 3.32 13.78 0.17 13.78 13.78 E. PROFIT BEFORE TAX 11.23 35.65 41.02 42.91 45.29 48.13 50.17 50.26 F. PROVISION FOR TAX 3.47 11.02 12.68 13.26 13.99 14.87 15.50 15.53 G. PROFIT AFTER TAX 7.76 24.63 28.34 29.65 31.30 33.26 34.67 34.73 H. DIVIDEND PAID - - - - - - - I. RETAINED PROFIT 7.76 24.63 28.34 29.65 31.30 33.26 34.67 34.73 J. CASH ACCRUAL 19.07 38.84 41.94 42.46 43.42 44.79 45.68 45.29 K. TERM LOAN INSTALLMENTS - 16.00 20.00 24.00 28.00 32.00 5.00 - L. CASH ACCRUAL+TL INTEREST TOTAL 35.63 54.61 55.39 53.06 50.64 48.11 45.85 45.29 ##### M. TL INSTALLMENTS+TL INTEREST TOTAL 16.56 31.77 33.45 34.60 35.22 35.32 5.17 ##### N. D.S.C.R 2.15 1.72 1.66 1.53 1.44 1.36 O. DSCR (AVREAGE) 2.02 - 8.87 #DIV/0! DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE - 9 PROJECTED SENSITIVE ANALYSES : DSCR (Sales Reduced by 7.55% ) [Rs.in Lacs] 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 ========== ========= ========= ========== ========= ========== ========= ====== A. SALES TOTAL 115.95 418.39 433.65 433.65 433.65 433.65 433.65 ##### 3,136 B. OPERATING COST TOTAL 83.85 387.35 400.81 401.77 402.77 403.83 404.94 ##### 2,890 C. OPERATING PROFIT 32.10 31.04 32.84 31.88 30.88 29.82 28.71 28.63 D. INTEREST TERM LOAN WORKING CAPITAL LOAN 16.56 13.78 15.77 13.78 13.45 13.78 10.60 13.78 7.22 13.78 3.32 13.78 0.17 13.78 13.78 E. PROFIT BEFORE TAX 1.76 1.49 5.61 7.50 9.88 12.72 14.76 14.85 F. PROVISION FOR TAX-30.90% 0.54 0.46 1.73 2.32 3.05 3.93 4.56 4.59 G. PROFIT AFTER TAX 1.22 1.03 3.88 5.18 6.83 8.79 10.20 10.26 H. DIVIDEND PAID - - I. RETAINED PROFIT J. CASH ACCRUAL K. TERM LOAN INSTALLMENTS L. - - - - - - 1.22 1.03 3.88 5.18 6.83 8.79 10.20 10.26 11.20 11.01 13.86 15.16 16.81 18.77 20.18 20.24 - 16.00 20.00 24.00 28.00 32.00 5.00 - CASH ACCRUAL+TL INTEREST TOTAL 27.76 26.78 27.31 25.76 24.03 22.09 20.35 20.24 ##### M. TL INSTALLMENTS+TL INTEREST TOTAL 16.56 31.77 33.45 34.60 35.22 35.32 5.17 ##### N. D.S.C.R 1.68 0.84 0.82 0.74 0.68 0.63 O. DSCR (AVREAGE) 1.01 3.94 #DIV/0! DKS NAYAGARH AGRO PROJECTS PVT. LTD. ANNEXURE -10 PROJECTED SENSITIVE ANALYSES : DSCR ( Expenditures increased by 6.52% ) [Rs.in Lacs] 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 ========== ========= ========= ========== ========= ========== ========= ====== A. SALES TOTAL 125.42 452.55 469.06 469.06 469.06 469.06 469.06 ##### 3,392 B. OPERATING COST TOTAL 89.32 412.60 426.94 427.96 429.02 430.15 431.34 ##### 3,079 C. OPERATING PROFIT 36.10 39.95 42.12 41.10 40.04 38.91 37.72 37.64 D. INTEREST TERM LOAN WORKING CAPITAL LOAN 16.56 13.78 15.77 13.78 13.45 13.78 10.60 13.78 7.22 13.78 3.32 13.78 0.17 13.78 13.78 E. PROFIT BEFORE TAX 5.76 10.40 14.89 16.72 19.04 21.81 23.77 23.86 F. PROVISION FOR TAX-30.90% 1.78 3.21 4.60 5.17 5.88 6.74 7.35 7.37 G. PROFIT AFTER TAX 3.98 7.19 10.29 11.55 13.15 15.07 16.43 16.49 H. DIVIDEND PAID - - - - - - I. RETAINED PROFIT J. CASH ACCRUAL K. TERM LOAN INSTALLMENTS L. - - 3.98 7.19 10.29 11.55 13.15 15.07 16.43 16.49 13.96 17.17 20.27 21.53 23.13 25.05 26.41 26.47 - 16.00 20.00 24.00 28.00 32.00 5.00 - CASH ACCRUAL+TL INTEREST TOTAL 30.52 32.94 33.72 32.13 30.35 28.37 26.58 26.47 ##### M. TL INSTALLMENTS+TL INTEREST TOTAL 16.56 31.77 33.45 34.60 35.22 35.32 5.17 ##### N. D.S.C.R 1.84 1.04 1.01 0.93 0.86 0.80 O. DSCR (AVREAGE) 1.01 5.14 #DIV/0! DKS OF MOUZA - KHOLA, KHANDAPADA, DIST - NAYAGARH ASSESSMENT OF WORKING CAPITAL REQUIREMENTS FORM II - OPERATING STATEMENT Name: NAYAGARH AGRO PROJECTS PVT. LTD. Amounts in Rs. Financial Year ended / ending No.of months 1. Gross Sales i. Domestic Sales ii. Export Sales Total 2. Less Excise Duty 3. Net Sales (1 - 2) 4. % age rise (+) or fall (-) in net sales as compared to previous year (annualised ) 5. Cost of Sales i. Raw materials (including stores and other items used in the process of manufacture) a. Imported b. Indigenous ii. Other Spares a. Imported b. Indigenous iii. Power and Fuel iv. Direct Labour (Factory wages & salaries) v. Other manufacturing expenses vi. Depreciation vii. Sub-total (i to vi) viii. ix. x. xi. xii. xiii. Add: Opening Stock-in-process Sub-total (vii + viii) Deduct: Closing Stock-in-process Cost of Production Add: Opening Stock of finished goods Sub-total (x + xi) Deduct: Closing Stock of finished goods Sub-total (Total Cost of Sales) Lacs Projections 2014-15 12 Projections 2015-16 12 Projections 2016-17 12 Projections 2017-18 12 Projections Projections Projections Projections 2018-19 2019-20 2020-21 2021-22 12 12 12 12 125.42 0.00 125.42 0.00 125.42 452.55 0.00 452.55 0.00 452.55 469.06 0.00 469.06 0.00 469.06 469.06 0.00 469.06 0.00 469.06 469.06 0.00 469.06 0.00 469.06 469.06 0.00 469.06 0.00 469.06 469.06 0.00 469.06 0.00 469.06 469.06 0.00 469.06 0.00 469.06 260.83% 3.65% 0.00% 0.00% 0.00% 0.00% 0.00% 144.03 0.00 144.03 0.00 0.00 0.00 4.20 10.95 6.87 8.84 174.89 346.38 0.00 346.38 0.00 0.00 0.00 6.30 11.50 7.04 8.84 380.06 351.92 0.00 351.92 0.00 0.00 0.00 6.93 12.08 7.22 8.84 386.99 351.92 0.00 351.92 0.00 0.00 0.00 6.93 12.68 7.41 8.84 387.78 351.92 0.00 351.92 0.00 0.00 0.00 6.93 13.31 7.61 8.84 388.61 351.92 0.00 351.92 0.00 0.00 0.00 6.93 13.98 7.82 8.84 389.49 351.92 0.00 351.92 0.00 0.00 0.00 6.93 14.68 8.04 8.84 390.41 351.92 0.00 351.92 0.00 0.00 0.00 6.93 14.68 8.12 8.84 390.49 0.00 174.89 93.49 81.40 0.00 81.40 4.20 77.20 93.49 473.55 98.14 375.41 4.20 379.61 5.60 374.01 98.14 485.13 98.14 386.99 5.60 392.59 5.60 386.99 98.14 485.92 98.14 387.78 5.60 393.38 5.60 387.78 98.14 486.75 98.14 388.61 5.60 394.21 5.60 388.61 98.14 487.63 98.14 389.49 5.60 395.09 5.60 389.49 98.14 488.55 98.14 390.41 5.60 396.01 5.60 390.41 98.14 488.63 98.14 390.49 5.60 396.09 5.60 390.49 DKS 6. Selling, general and administrative expenses 7. Sub-total (5 + 6) 8. Operating Profit before Interest (3 - 7) 9. Interest 5.51 82.71 42.71 30.34 12.20 386.21 66.34 29.55 12.68 399.67 69.39 27.23 12.85 400.63 68.43 24.38 13.02 401.63 67.43 21.00 13.20 402.69 66.37 17.10 13.39 403.80 65.26 13.95 13.39 403.88 65.18 13.78 10. Operating Profit after Interest (8 - 9) 11. i. Add: Other non-operating Income a. Sale of Fixed Assets b. Others c. d. Sub-total (Income) ii. Deduct: Other non-operating expenses a. Miscellaneous Expenses b. PRELIMINARY EXP. W/O c. d. Sub-total (Expenses) iii. Net of other non-operating income / expenses [net of 11(i) & 11(ii)] 12. Profit before tax/loss [10 + 11(iii)] 13. a) Provision for taxes b) Deferred for Tax Liability(-) Assets(+) 14. Net Profit / Loss (12 -13) 15. a. Equity dividend paid-amount (Already paid + B.S. provision) b. Dividend Rate (% age) c. Other Appropriations 16. Retained Profit (14 - 15) 17. Retained Profit / Net Profit (% age) 12.37 36.79 42.16 44.05 46.43 49.27 51.31 51.40 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 1.14 0.00 0.00 0.00 1.14 0.00 0.00 0.00 1.14 0.00 0.00 0.00 1.14 0.00 0.00 0.00 1.14 0.00 0.00 0.00 1.14 0.00 0.00 0.00 1.14 0.00 0.00 0.00 1.14 1.14 1.14 1.14 1.14 1.14 -1.14 11.23 2.14 -1.33 7.76 -1.14 35.65 6.79 -4.23 24.63 -1.14 41.02 9.06 -3.62 28.34 -1.14 42.91 10.43 -2.83 29.65 -1.14 45.29 11.85 -2.14 31.30 1.14 2.00 -1.14 48.13 13.32 -1.55 33.26 1.14 3.00 -1.14 50.17 14.47 -1.03 34.67 1.14 4.00 -1.14 50.26 14.95 -0.58 34.73 0.00 0.0% 0.00 0.0% 0.00 0.0% 0.00 0.0% 0.00 0.0% 0.00 0.0% 0.00 0.0% 0.00 0.0% 7.76 100.00% 24.63 100.00% 28.34 100.00% 29.65 100.00% 31.30 100.00% 33.26 100.00% 34.67 100.00% 34.73 100.00% 16.60 33.47 37.18 38.49 40.14 42.10 43.51 43.57 CASH ACCRUAL DKS FORM III - ANALYSIS OF BALANCE SHEET LIABILITIES Name: NAYAGARH AGRO PROJECTS PVT. LTD. Financial Year ended / ending No.of months CURRENT LIABILITIES 1. Short-term borrowing from banks (including bills purchased, discounted & excess borrowing placed on repayment basis) i. State Bank of India ii. Others iii. (of which BP & BD) Sub-total [i + ii] (A) 2. Short term borrowings from others 3. Sundry Creditors (Trade) 4. Advance payments from customers / deposits from dealers 5. Provision for taxation 6. Dividend payable 7. Other statutory liabilities (due within 1 year) 8. Deposits / instalments of term loans / DPGs / debentures etc. (due within 1 year) 9. Other current liabilities & provisions (due within 1 year) - specify major items a. Other Outstanding Liabilities payable b. Other Liabilities c. d. Sub total [2 to 9] (B) 10. Total current liabilities [A + B] Amounts in Rs. Lacs Projections 2014-15 12 Projections 2015-16 12 Projections 2016-17 12 Projections 2017-18 12 Projections 2018-19 12 Projections 2019-20 12 Projections 2020-21 12 Projections 2021-22 12 104.00 0.00 0.00 104.00 0.00 2.72 104.00 0.00 0.00 104.00 0.00 2.86 104.00 0.00 0.00 104.00 0.00 3.00 104.00 0.00 0.00 104.00 0.00 3.15 104.00 0.00 0.00 104.00 0.00 3.31 104.00 0.00 0.00 104.00 0.00 3.48 104.00 0.00 0.00 104.00 0.00 3.65 104.00 0.00 0.00 104.00 0.00 3.83 0.00 2.14 0.00 0.50 0.00 6.79 0.00 0.53 0.00 9.06 0.00 0.56 0.00 10.43 0.00 0.59 0.00 11.85 0.00 0.62 0.00 13.32 0.00 0.65 0.00 14.47 0.00 0.68 0.00 14.95 0.00 0.71 16.00 20.00 24.00 28.00 32.00 55.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21.36 125.36 0.00 0.00 0.00 0.00 0.00 30.18 134.18 0.00 0.00 0.00 0.00 0.00 36.62 140.62 0.00 0.00 0.00 0.00 0.00 42.17 146.17 0.00 0.00 0.00 0.00 0.00 47.78 151.78 0.00 0.00 0.00 0.00 0.00 72.45 176.45 0.00 0.00 0.00 0.00 0.00 18.80 122.80 0.00 0.00 0.00 0.00 0.00 19.49 123.49 DKS TERM LIABILITIES 11. Debentures (not maturing within 1 year) 12. Preference Shares (redeemable after 1 year) 13. Term loans (excluding instalments payable within 1 year) 14. Deferred Payment Credits (excluding instalments due within 1 year) 15. Term deposits (repayable after 1 year) 16. Other term liabilities 17. Total Term Liabilities [11 to 16] 18. Total Outside Liabilities [10 + 17] NET WORTH 19. Ordinary Share Capital 20. General Reserve 21. Revaluation Reserve 22. Other Reserves (excluding Provisions) 23. Surplus (+) or deficit (-) in Profit & Loss a/c 23. a. Share Application money b. Share Premium Account c. Deferred Tax Liability A/c d. Others e. 24. Net Worth 25. TOTAL LIABILITIES [18 + 24] 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 0.00 159.00 139.00 115.00 87.00 55.00 0.00 0.00 0.00 0.00 0.00 0.00 159.00 284.36 0.00 0.00 0.00 139.00 273.18 0.00 0.00 0.00 115.00 255.62 0.00 0.00 0.00 87.00 233.17 0.00 0.00 0.00 55.00 206.78 0.00 0.00 0.00 0.00 176.45 0.00 0.00 0.00 0.00 122.80 0.00 0.00 0.00 0.00 123.49 97.40 0.00 0.00 0.00 7.76 0.00 0.00 1.33 0.00 0.00 106.49 97.40 0.00 0.00 0.00 32.39 0.00 0.00 5.56 0.00 0.00 135.35 97.40 0.00 0.00 0.00 60.73 0.00 0.00 9.18 0.00 0.00 167.31 97.40 0.00 0.00 0.00 90.38 0.00 0.00 12.01 0.00 0.00 199.79 97.40 0.00 0.00 0.00 121.68 0.00 0.00 14.15 0.00 0.00 233.23 97.40 0.00 0.00 0.00 154.94 0.00 0.00 15.70 0.00 0.00 268.04 97.40 0.00 0.00 0.00 189.61 0.00 0.00 16.73 0.00 0.00 303.74 97.40 0.00 0.00 0.00 224.34 0.00 0.00 17.31 0.00 0.00 339.05 390.85 408.53 422.93 432.96 440.01 444.49 426.54 462.54 DKS FORM III - ANALYSIS OF BALANCE SHEET (Continued) ASSETS Amounts in Rs. Lacs Projections 2014-15 12 Projections 2015-16 12 Projections 2016-17 12 Projections 2017-18 12 Projections 2018-19 12 Projections 2019-20 12 Projections 2020-21 12 Projections 2021-22 12 19.07 0.00 0.00 0.00 17.77 0.00 0.00 0.00 38.63 0.00 0.00 0.00 57.27 0.00 0.00 0.00 72.88 0.00 0.00 0.00 85.87 0.00 0.00 0.00 76.76 0.00 0.00 0.00 122.26 0.00 0.00 0.00 2.54 9.43 9.77 9.77 9.77 9.77 9.77 9.77 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 141.79 0.00 159.21 0.00 160.13 0.00 160.13 0.00 160.13 0.00 160.13 0.00 160.13 0.00 160.13 44.10 0.00 44.10 93.49 4.20 0.00 0.00 0.00 55.47 0.00 55.47 98.14 5.60 0.00 0.00 0.00 56.39 0.00 56.39 98.14 5.60 0.00 0.00 0.00 56.39 0.00 56.39 98.14 5.60 0.00 0.00 0.00 56.39 0.00 56.39 98.14 5.60 0.00 0.00 0.00 56.39 0.00 56.39 98.14 5.60 0.00 0.00 0.00 56.39 0.00 56.39 98.14 5.60 0.00 0.00 0.00 56.39 0.00 56.39 98.14 5.60 0.00 0.00 0.00 1.00 2.14 0.00 0.00 0.00 0.00 0.00 166.54 1.00 6.79 0.00 0.00 0.00 0.00 0.00 194.20 1.00 9.06 0.00 0.00 0.00 0.00 0.00 218.59 1.00 10.43 0.00 0.00 0.00 0.00 0.00 238.60 1.00 11.85 0.00 0.00 0.00 0.00 0.00 255.63 1.00 13.32 0.00 0.00 0.00 0.00 0.00 270.09 1.00 14.47 0.00 0.00 0.00 0.00 0.00 262.13 1.00 14.95 0.00 0.00 0.00 0.00 0.00 308.11 Name: NAYAGARH AGRO PROJECTS PVT. LTD. Financial Year ended / ending No.of months CURRENT ASSETS 26. Cash and Bank Balances 27. Investments (other than long term) i. Govt. and other trustee securities ii. Fixed Deposits with banks 28. i. Receivables other than deferred & exports (incldg. bills purchased and discounted by banks) ii. Export receivables (incldg. bills purchased/discounted by banks) 29. Instalments of deferred receivables (due within 1 year) 30. Inventory: i. Raw materials (including stores and other items used in the process of manufacture) a. Imported b. Indigenous ii. Stocks-in-process iii. Finished goods iv. Other consumable spares a. Imported b. Indigenous 31. Advances to suppliers of raw materials and stores/spares 32. Advance payment of taxes 33. Other current assets (specify major items) a. b. c. d. 34. Total Current Assets (26 to 33) DKS FIXED ASSETS 35. Gross Block (land, building, machinery, work-in-progress) 36. Depreciation to date 37. Net Block (35 - 36) OTHER NON-CURRENT ASSETS 38. Investments/book debts/advances/deposits which are not current assets i. a. Investments in subsidiary companies / affiliates b. Others ii. Advances to suppliers of capital goods and contractors iii. Deferred receivables (maturity exceeding 1 year) iv. Others a. Security Deposit b. Sales Tax under Appeal c. Tax Deducted at Source d. Others 39. Non-consumable stores and spares 40. Other non-current assets including dues from directors 41. Total Other Non-current Assets (38 to 40) 42. Intangible Assets (patents, good will, prelim.expenses, bad / doubtful debts not provided for, etc. 43. Total Assets (34+37+41+42) 44. Tangible Net Worth (24 - 42) 45. Net Working Capital (34 - 10) 46. Current Ratio (34 / 10) 47. Total OUTSIDE Liabilities / Tangible Net Worth (18 / 44) 48. Total TERM Liabilities / Tangible Net Worth (17 / 44) RATIOS NET OF REVALUATION RESERVES 49. TANGIBLE NET WORTH (24-21-42) 50. TOTAL OUTSIDE LIAB/TNW 51. TOTAL TERM LIAB/TNW 225.17 8.84 216.33 225.17 17.68 207.49 225.17 26.52 198.65 225.17 35.36 189.81 225.17 44.20 180.97 225.17 53.04 172.13 225.17 61.88 163.29 225.17 70.72 154.45 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 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 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 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 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 0.00 0.00 0.00 0.00 7.98 390.85 98.51 41.18 6.84 408.53 128.51 60.02 5.70 422.94 161.61 77.97 4.56 432.97 195.23 92.43 3.42 440.02 229.81 103.85 2.28 444.50 265.76 93.64 1.14 426.56 302.60 139.33 0.00 462.56 339.05 184.62 1.33 1.45 1.55 1.63 1.68 1.53 2.13 2.50 2.89 2.13 1.58 1.19 0.90 0.66 0.41 0.36 1.61 1.08 0.71 0.45 0.24 98.51 2.89 1.61 128.51 2.13 1.08 161.61 1.58 0.71 195.23 1.19 0.45 229.81 0.90 0.24 265.76 0.66 0.00 302.60 0.41 0.00 339.05 0.36 0.00 DKS FORM IV COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES Name: NAYAGARH AGRO PROJECTS PVT. LTD. Amounts in Rs. Lacs Year A. CURRENT ASSETS 1. Raw materials (incl. stores & other items used in the process of manufacture) a. Imported Month's Consumption b. Indigenous Month's Consumption 2. Other Consumable spares, excluding those included in 1 above a. Imported Month's Consumption b. Indigenous Month's Consumption 3. Stock-in-process Month's cost of production 4. Finished goods Month's cost of sales 5. Receivables other than export & deferred receivables (incl. bills purchased & discounted by bankers) Month's domestic sales: excluding deferred payment sales 6. Export receivables (incl. bills purchased and discounted) Month's export sales 7. Advances to suppliers of raw materials & stores / spares, consumables 8. Other current assets incl. cash & bank balances & deferred receivables due within one year Cash and Bank Balances Investments (other than long term): i. Govt. and other trustee securities ii. Fixed Deposits with banks Instalments of deferred receivables (due within 1 year) Advance payment of taxes Other current assets 9. Total Current Assets (To agree with item 34 in Form III) Projections 2014-15 Projections 2015-16 Projections 2016-17 Projections 2017-18 Projections 2018-19 Projections 2019-20 Projections 2020-21 Projections 2021-22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 44.10 55.47 56.39 56.39 56.39 56.39 56.39 56.39 (3.67) (1.92) (1.92) (1.92) (1.92) (1.92) (1.92) (1.92) 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 93.49 98.14 98.14 98.14 98.14 98.14 98.14 98.14 (13.78) (3.14) (3.04) (3.04) (3.03) (3.02) (3.02) (3.02) 4.20 5.60 5.60 5.60 5.60 5.60 5.60 5.60 (0.65) (0.18) (0.17) (0.17) (0.17) (0.17) (0.17) (0.17) 2.54 9.43 9.77 9.77 9.77 9.77 9.77 9.77 (0.24) (0.25) (0.25) (0.25) (0.25) (0.25) (0.25) (0.25) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 21.21 24.56 47.69 67.70 84.73 99.19 91.23 137.21 19.07 17.77 38.63 57.27 72.88 85.87 76.76 122.26 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 0.00 0.00 0.00 0.00 0.00 2.14 0.00 166.54 0.00 6.79 0.00 194.20 0.00 9.06 0.00 218.59 0.00 10.43 0.00 238.60 0.00 11.85 0.00 255.63 0.00 13.32 0.00 270.09 0.00 14.47 0.00 262.13 0.00 14.95 0.00 308.11 DKS FORM IV COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES Name: NAYAGARH AGRO PROJECTS PVT. LTD. Amounts in Rs. Lacs Year Projections 2014-15 Projections 2015-16 Projections 2016-17 Projections 2017-18 Projections 2018-19 Projections 2019-20 Projections 2020-21 Projections 2021-22 B. CURRENT LIABILITIES (Other than bank borrowings for working capital) 10. Creditors for purchase of raw materials, stores & consumable spares Month's purchases 11. Advances from customers 12. Statutory liabilities 13. Other current liabilities: Short term borrowings from others Provision for taxation Dividend payable Deposits / instalments of term loans / DPGs / debentures etc. (due within 1 year) Other current liabilities & provisions (due within 1 year) 14. Total (To agree with total B of Form-III) 2.72 2.86 3.00 3.15 3.31 3.48 3.65 3.83 (0.10) (0.10) (0.11) (0.11) (0.12) (0.12) (0.13) 0.00 0.50 18.14 0.00 2.14 0.00 0.00 0.53 26.79 0.00 6.79 0.00 0.00 0.56 33.06 0.00 9.06 0.00 0.00 0.59 38.43 0.00 10.43 0.00 0.00 0.62 43.85 0.00 11.85 0.00 0.00 0.65 68.32 0.00 13.32 0.00 0.00 0.68 14.47 0.00 14.47 0.00 0.00 0.71 14.95 0.00 14.95 0.00 16.00 20.00 24.00 28.00 32.00 55.00 0.00 0.00 0.00 21.36 0.00 30.18 0.00 36.62 0.00 42.17 0.00 47.78 0.00 72.45 0.00 18.80 0.00 19.49 DKS FORM VI FUNDS FLOW STATEMENT Name: NAYAGARH AGRO PROJECTS PVT. LTD. Amounts in Rs. Lacs Projections Year 2015-16 1. SOURCES a. Net Profit b. Depreciation c. Increase in Capital d. Increase in Term Liabilities (including Public Deposits) e. Decrease in i. Fixed Assets ii. Other non-current Assets f. Others g. TOTAL 2. USES a. b. c. d. e. f. Net loss Decrease in Term Liabilities (including Public Deposits) Increase in i. Fixed Assets ii. Other non-current Assets Dividend Payments Others TOTAL Projections 2016-17 Projections Projections Projections Projections Projections 2017-18 2018-19 2019-20 2020-21 2021-22 24.63 8.84 0.00 28.34 8.84 0.00 29.65 8.84 0.00 31.30 8.84 0.00 33.26 8.84 0.00 34.67 8.84 0.00 34.73 8.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.14 4.23 38.84 1.14 3.62 41.94 1.14 2.83 42.46 1.14 2.14 43.42 1.14 1.55 44.79 1.14 1.03 45.68 1.14 0.58 45.29 20.00 24.00 28.00 32.00 55.00 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 20.00 24.00 28.00 32.00 55.00 0.00 0.00 DKS 3. Long Term Surplus (+) / Deficit (-) [1-2] 4. Increase/decrease in current assets * (as per details given below) 5. Increase/decrease in current liabilities other than bank borrowings 6. Increase/decrease in working capital gap 7. Net Surplus / Deficit (-) [3-6] 8. Increase/decrease in bank borrowings 9. Increase/decrease in NET SALES * Break up of item-4 i. Increase/decrease in Raw Materials ii. Increase/decrease in Stocks-in-Process iii. Increase/decrease in Finished Goods iv. Increase/decrease in Receivables a) Domestic b) Export v. Increase/decrease in Stores & Spares vi. Increase/decrease in other current assets TOTAL 18.84 17.94 14.46 11.42 -10.21 45.68 45.29 27.66 24.39 20.01 17.03 14.46 -7.96 45.98 8.82 18.84 0.00 0.00 327.13 6.44 17.95 -0.01 0.00 16.51 5.55 14.46 0.00 0.00 0.00 5.61 11.42 0.00 0.00 0.00 24.67 -10.21 0.00 0.00 0.00 -53.65 45.69 -0.01 0.00 0.00 0.69 45.29 0.00 0.00 0.00 11.37 4.65 1.40 0.92 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 6.89 0.00 0.00 3.35 27.66 0.34 0.00 0.00 23.13 24.39 0.00 0.00 0.00 20.01 20.01 0.00 0.00 0.00 17.03 17.03 0.00 0.00 0.00 14.46 14.46 0.00 0.00 0.00 -7.96 -7.96 0.00 0.00 0.00 45.98 45.98 DKS ASSESSED BANK FINANCE Name: NAYAGARH AGRO PROJECTS PVT. LTD. Year Total Current Assets Current Liabilities (Other than Bank Borrowing) Working Capital Gap Net Working Capital (Actual /Prjojected) Assessed Bank Finance (ABF) NWC/TCA (%) Bank Finance to TCA (%) Other CL/TCA (%) S. Creditors /TCA (%) Inv./NS (Days) Rec./ Gross Sales (Days) S. Creditors /Purchase (Days) Amounts in Rs. Lacs 2015-16 2016-17 2017-18 194.20 218.59 238.60 2018-19 255.63 2019-20 270.09 2020-21 262.13 2021-22 308.11 30.18 164.02 60.02 104.00 30.91% 53.55% 15.54% 1.47% 128.41 7.61 3.12 47.78 207.85 103.85 104.00 40.63% 40.68% 18.69% 1.29% 124.61 7.60 3.43 72.45 197.64 93.64 104.00 34.67% 38.51% 26.82% 1.29% 124.61 7.60 3.61 18.80 243.33 139.33 104.00 53.15% 39.67% 7.17% 1.39% 124.61 7.60 3.79 19.49 288.62 184.62 104.00 59.92% 33.75% 6.33% 1.24% 124.61 7.60 3.97 36.62 181.97 77.97 104.00 35.67% 47.58% 16.75% 1.37% 124.61 7.60 3.12 42.17 196.43 92.43 104.00 38.74% 43.59% 17.67% 1.32% 124.61 7.60 3.27 DKS PERFORMANCE & FINANCIAL INDICATORS Name: NAYAGARH AGRO PROJECTS PVT. LTD. Amounts in Rs. Lacs As on 31st March: 2014-15 2015-16 2016-17 2017-18 Net sales 125.42 452.55 469.06 469.06 Operating Profit 42.71 66.34 69.39 68.43 Net Other Income -1.14 -1.14 -1.14 -1.14 Profit Before Tax 11.23 35.65 41.02 42.91 PBT/NS (%) 8.95% 7.88% 8.75% 9.15% Profit After Tax 7.76 24.63 28.34 29.65 Cash Accruals 16.60 33.47 37.18 38.49 Paid Up Capital 97.40 97.40 97.40 97.40 Tangible Net Worth 98.51 128.51 161.61 195.23 Adj TNW (Excl. Invest/Loans in Subsidiaries) 98.51 128.51 161.61 195.23 TOL/TNW 2.89 2.13 1.58 1.19 Total Term Lia./TNW 1.61 1.08 0.71 0.45 Current Ratio 1.33 1.45 1.55 1.63 Total Tangible Assets (TTA) 382.87 401.69 417.24 428.41 2018-19 469.06 67.43 -1.14 45.29 9.66% 31.30 40.14 97.40 229.81 229.81 0.90 0.24 1.68 436.60 2019-20 469.06 66.37 -1.14 48.13 10.26% 33.26 42.10 97.40 265.76 265.76 0.66 0.00 1.53 442.22 2020-21 469.06 65.26 -1.14 50.17 10.70% 34.67 43.51 97.40 302.60 302.60 0.41 0.00 2.13 425.42 2021-22 469.06 65.18 -1.14 50.26 10.72% 34.73 43.57 97.40 339.05 339.05 0.36 0.00 2.50 462.56 EFFICIENCY RATIOS : Net Sales/TTA (Times) PBT/TTA (%) Operating Cost/NS (%) Bank Fin./Curr. Assets (%) Inv. +Rec./NS (Days) 2014-15 0.33 2.93% 65.95% 62.45% 420 2015-16 1.13 8.88% 85.34% 53.55% 136 2016-17 1.12 9.83% 85.21% 47.58% 132 2017-18 1.09 10.02% 85.41% 43.59% 132 2018-19 1.07 10.37% 85.62% 40.68% 132 2019-20 1.06 10.88% 85.85% 38.51% 132 2020-21 1.10 11.79% 86.09% 39.67% 132 2021-22 1.01 10.87% 86.10% 33.75% 132 LIQUIDITY RATIOS Current Ratio Acid Test Ratio Bank Finance to WCG (%) 2014-15 1.33 0.20 71.64% 2015-16 1.45 0.26 63.41% 2016-17 1.55 0.42 57.15% 2017-18 1.63 0.54 52.95% 2018-19 1.68 0.63 50.04% 2019-20 1.53 0.62 52.62% 2020-21 2.13 0.83 42.74% 2021-22 2.50 1.20 36.03% LEVERAGE RATIOS Debt : Equity Ratio TOL/TNW Debt : Assets Ratio Fixed Assets Coverage Ratio Interest Coverage Ratio 2014-15 1.61 2.89 0.42 0.73 1.66 2015-16 1.08 2.13 0.35 0.67 2.51 2016-17 0.71 1.58 0.28 0.58 2.83 2017-18 0.45 1.19 0.20 0.46 3.12 2018-19 0.24 0.90 0.13 0.30 3.58 2019-20 0.00 0.66 0.00 0.00 4.33 2020-21 0.00 0.41 0.00 0.00 5.23 2021-22 0.00 0.36 0.00 0.00 5.29 DKS TURNOVER RATIOS Inventory Turnover Period (DAYS) Average Collection Period (DAYS) Total Assets Turnover (TIMES) Average Credit Period (DAYS) Bank Finance Turnover Current Assets Turnover 2014-15 413 7 0.33 1.21 0.75 2015-16 128 8 1.13 3 4.35 2.33 2016-17 125 8 1.12 3 4.51 2.15 2017-18 125 8 1.09 3 4.51 1.97 2018-19 125 8 1.07 3 4.51 1.83 2019-20 125 8 1.06 4 4.51 1.74 2020-21 125 8 1.10 4 4.51 1.79 2021-22 125 8 1.01 4 4.51 1.52 PROFITABILITY RATIOS Net Profit Margin (%) Net Income : Assets Ratio (%) Return on Investment (ROCE)(%) Return on Equity (%) Operating Profitability (%) Pre-Tax Profitability (%) PBT/TTA (%) 2014-15 6.19% 2.03% 13.17% 7.97% 34.05% 8.95% 2.93% 2015-16 5.44% 6.13% 18.43% 25.29% 14.66% 7.88% 8.88% 2016-17 6.04% 6.79% 18.48% 29.10% 14.79% 8.75% 9.83% 2017-18 6.32% 6.92% 17.77% 30.44% 14.59% 9.15% 10.02% 2018-19 6.67% 7.17% 17.21% 32.13% 14.38% 9.66% 10.37% 2019-20 7.09% 7.52% 16.75% 34.15% 14.15% 10.26% 10.88% 2020-21 7.39% 8.15% 17.15% 35.59% 13.91% 10.70% 11.79% 2021-22 7.40% 7.51% 15.76% 35.66% 13.90% 10.72% 10.87% STRUCTURAL RATIOS Retained Profit (%) Raw Material Content (%) OC/Sales (%) 2014-15 100.00% 176.94% 65.95% 2015-16 100.00% 92.27% 85.34% 2016-17 100.00% 90.94% 85.21% 2017-18 100.00% 90.75% 85.41% 2018-19 100.00% 90.56% 85.62% 2019-20 100.00% 90.35% 85.85% 2020-21 100.00% 90.14% 86.09% 2021-22 100.00% 90.12% 86.10% DKS DATA ANALYSIS Name: NAYAGARH AGRO PROJECTS PVT. LTD. OPERATING STATEMENT Amounts in Rs. Lacs ProjectionsProjections Projections Projections Projections Projections Projections Projections Excise Duty : Gross Sales 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 12 12 12 12 12 12 12 12 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 260.83% 3.65% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Annual Growth in Net Sales 1 i. RATIO OF NET SALES TO : Raw materials (including stores and other items used in the process of manufacture) ii. iii. iv. v. vi. vii. viii. a. Imported b. Indigenous 114.84% 76.54% 75.03% 75.03% 75.03% 75.03% 75.03% 75.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 114.84% 76.54% 75.03% 75.03% 75.03% 75.03% 75.03% 75.03% Other Spares 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% a. Imported 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% b. Indigenous 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.35% 1.39% 1.48% 1.48% 1.48% 1.48% 1.48% 1.48% Power and Fuel Direct Labour (Factory wages & salaries) 8.73% 2.54% 2.58% 2.70% 2.84% 2.98% 3.13% 3.13% Other manufacturing expenses 5.48% 1.56% 1.54% 1.58% 1.62% 1.67% 1.71% 1.73% Depreciation 7.05% 1.95% 1.88% 1.88% 1.88% 1.88% 1.88% 1.88% Selling, general and administrative expenses 0.80% 0.22% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 24.19% 6.53% 5.81% 5.20% 4.48% 3.65% 2.97% 2.94% Interest DKS 2 i. COMPOSITION OF COST OF SALES : Raw materials (including stores and other items used in the process of manufacture) ii. iii. iv. v. vi. vii. 3 i. ii. iii. iv. v. vi. vii. viii. ix. x. xi. xii. xiii. xiv. xv. xvi. a. Imported b. Indigenous 186.57% 92.61% 90.94% 90.75% 90.56% 90.35% 90.14% 90.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 186.57% 92.61% 90.94% 90.75% 90.56% 90.35% 90.14% 90.12% Other Spares 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% a. Imported 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% b. Indigenous 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.44% 1.68% 1.79% 1.79% 1.78% 1.78% 1.78% 1.77% 14.18% 3.07% 3.12% 3.27% 3.43% 3.59% 3.76% 3.76% Power and Fuel Direct Labour (Factory wages & salaries) Other manufacturing expenses 8.90% 1.88% 1.87% 1.91% 1.96% 2.01% 2.06% 2.08% 11.45% 2.36% 2.28% 2.28% 2.27% 2.27% 2.26% 2.26% Accretion/Depletion in SIP & FG Stocks -126.54% -1.62% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% CHECK TOTAL 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Gross Sales 260.83% 3.65% 0.00% 0.00% 0.00% 0.00% 0.00% Gross Domestic Sales 260.83% 3.65% 0.00% 0.00% 0.00% 0.00% 0.00% Net Sales 260.83% 3.65% 0.00% 0.00% 0.00% 0.00% 0.00% Total Raw Materials 140.49% 1.60% 0.00% 0.00% 0.00% 0.00% 0.00% 140.49% 1.60% 0.00% 0.00% 0.00% 0.00% 0.00% 50.00% 10.00% 0.00% 0.00% 0.00% 0.00% 0.00% Direct Labour (Factory wages & salaries) 5.02% 5.04% 4.97% 4.97% 5.03% 5.01% 0.00% Other manufacturing expenses 2.47% 2.56% 2.63% 2.70% 2.76% 2.81% 1.00% Depreciation PERCENTAGE GROWTHS : Gross Exports Imported Raw Materials Indegenous Raw Materials Other Spares Imported Spares Indegenous Spares Power and Fuel Depreciation Selling, general and administrative expenses Interest 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 121.42% 3.93% 1.34% 1.32% 1.38% 1.44% 0.00% -2.60% -7.85% -10.47% -13.86% -18.57% -18.42% -1.22% DKS 4 5 6 7 8 9 Non-Operating Income / Net Sales 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Non-Operating Income / PBT 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 69.10% 69.09% 69.09% 69.10% 69.11% 69.10% 69.11% 69.10% Retained Profit / Net Profit 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Cash Accrual / Net Sales 13.24% 7.40% 7.93% 8.21% 8.56% 8.98% 9.28% 9.29% Average Cost of Borrowings 10.87% 11.24% 11.21% 11.13% 10.99% 10.75% 13.41% 13.25% Net Profit / PBT BALANCE SHEET 1 i. ii. iii. iv. v. vi. vii. viii. ix. COMPOSITION OF CURRENT LIABILITIES Short-term borrowing from banks 82.96% 77.51% 73.96% 71.15% 68.52% 58.94% 84.69% 84.22% Short term borrowings from others 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Sundry Creditors (Trade) 2.17% 2.13% 2.13% 2.16% 2.18% 1.97% 2.97% 3.10% Advance payments from customers 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Provision for taxation 1.71% 5.06% 6.44% 7.14% 7.81% 7.55% 11.78% 12.11% Dividend payable 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Other statutory liabilities (due within 1 year) 0.40% 0.39% 0.40% 0.40% 0.41% 0.37% 0.55% 0.57% 12.76% 14.91% 17.07% 19.16% 21.08% 31.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Instalments payable within 1 year Other current liabilities & provisions CHECK TOTAL DKS 2 i. ii. iii. iv. v. vi. vii. viii. ix. x. xi. xii. xiii. xiv. 3 i. ii. iii. iv. v. vi. vii. viii. ix. x. xi. xii. ANNUAL GROWTH : LIABILITIES Short-term borrowing from banks 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.15% 4.90% 5.00% 5.08% 5.14% 4.89% 4.93% 217.29% 33.43% 15.12% 13.61% 12.41% 8.63% 3.32% 6.00% 5.66% 5.36% 5.08% 4.84% 4.62% 4.41% Instalments payable within 1 year 25.00% 20.00% 16.67% 14.29% 71.88% -100.00% Other current liabilities & provisions 41.29% 21.34% 15.16% 13.30% 51.63% -74.05% 3.67% 7.04% 4.80% 3.95% 3.84% 16.25% -30.41% 0.56% Short term borrowings from others Sundry Creditors (Trade) Advance payments from customers Provision for taxation Dividend payable Other statutory liabilities (due within 1 year) Total Current Liabilities Total Term Liabilities #DIV/0! #DIV/0! -12.58% -17.27% -24.35% -36.78% -100.00% Total Outside Liabilities -3.93% -6.43% -8.78% -11.32% -14.67% -30.41% #DIV/0! 0.56% Net Worth 27.10% 23.61% 19.41% 16.74% 14.93% 13.32% 11.63% Tangible Net Worth 30.45% 25.76% 20.80% 17.71% 15.64% 13.86% 12.05% 9.15% 17.67% 24.00% 28.51% 31.79% 29.28% 39.68% COMPOSITION OF CURRENT ASSETS Cash and Bank Balances 11.45% Investments (other than long term) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Receivables 1.53% 4.86% 4.47% 4.09% 3.82% 3.62% 3.73% 3.17% Instalments of deferred receivables 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Inventory: 85.14% 81.98% 73.26% 67.11% 62.64% 59.29% 61.09% 51.97% Raw materials 26.48% 28.56% 25.80% 23.63% 22.06% 20.88% 21.51% 18.30% Stocks-in-process 56.14% 50.54% 44.90% 41.13% 38.39% 36.34% 37.44% 31.85% Finished goods 2.52% 2.88% 2.56% 2.35% 2.19% 2.07% 2.14% 1.82% Other consumable spares 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Advances to suppliers of raw materials 0.60% 0.51% 0.46% 0.42% 0.39% 0.37% 0.38% 0.32% Advance payment of taxes 1.28% 3.50% 4.14% 4.37% 4.64% 4.93% 5.52% 4.85% Other current assets 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% CHECK TOTAL DKS 4 i. ii. iii. iv. v. vi. vii. viii. ix. x. xi. xii. xiii. xiv. xv. xvi. xvii. xviii. 5 6 7 8 9 10 11 ANNUAL GROWTH : ASSETS Cash and Bank Balances -6.82% 117.39% 48.25% 27.26% 17.82% -10.61% 59.28% 271.26% 3.61% 0.00% 0.00% 0.00% 0.00% 0.00% Inventory: 12.29% 0.58% 0.00% 0.00% 0.00% 0.00% 0.00% Raw materials 25.78% 1.66% 0.00% 0.00% 0.00% 0.00% 0.00% 4.97% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 33.33% 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% 217.29% 33.43% 15.12% 13.61% 12.41% 8.63% 3.32% 16.61% 12.56% 9.15% 7.14% 5.66% -2.95% 17.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -4.09% -4.26% -4.45% -4.66% -4.88% -5.14% -5.41% -14.29% -16.67% -20.00% -25.00% -33.33% -50.00% -100.00% 45.75% 29.91% 18.55% 12.36% -9.83% 48.79% 32.51% 2.89 2.13 1.58 1.19 0.90 0.66 0.41 0.36 122.73% 132.22% 142.12% 151.09% 159.27% 155.72% 186.01% 219.52% Investments (other than long term) Receivables Instalments of deferred receivables Stocks-in-process Finished goods Other consumable spares Advances to suppliers of raw materials Advance payment of taxes Other current assets Total Current Assets Gross Block Net Block Total Other Non-current Assets Intangible Assets Net Working Capital TOL / TNW (TL + Net Worth) : Net Block (TL + TNW) : Tangible Non Current Assets 119.04% 128.93% 139.24% 148.69% 157.38% 154.39% Net Block : TL 123.62% 130.50% 142.91% 165.05% 208.01% 312.96% 185.31% (Inventories + Rec) : S.T. Bank Borrowings 138.78% 162.15% 163.37% 163.37% 163.37% 163.37% 163.37% 163.37% Current Assets : S.T. Bank Borrowings 160.13% 186.73% 210.18% 229.42% 245.80% 259.70% 252.05% 296.26% PL Depreciation : Average Gross Block 3.93% 3.93% 3.93% 3.93% 3.93% 3.93% 3.93% 3.93% #DIV/0! 219.52% #DIV/0! DKS