Contents

Page 1 COVER Page 2 Contents Page 3 Fixed Assets Page 4 Production Programme Page 5 Consumable materials from India Page 6 Half finished materials - Wallls & Deoiled cake RB (Germany) Page 7 Half finished materials - , Wallls & Deoiled cake RB (India) Page 8 Finished materials - Wallls & Deoiled cake RB (Germany) Page 9 Plywood - , Wallls & Deoiled cake RB (India) Page 10 Shipping cost Page 11 Summary of materials cost Page 12 Employee listing Page 13 Employee cost Page 14 Price Caluculation Page 15 Sales Plan Page 16 Profit and Loss statement Page 17 Cash Flow statement

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

EVERYTIME FOODS INDUSTRIES PVT.LTD. PROJECT AT A GLANCE Name of the Project Location Plant Capacity Raw Material Finished Product Working Days Land Requirement Cost Per Acre of Land Building Area( sq. feet) Power Tariff Rate Project Time Schedule Subsidy Raw Material Price Per Ton Consumable Price Per Ton of Processing (Solvents and Chemicals) Average Price of Corn Grits Average Price of Corn Meal Average Price of Corn Floor Average Price of Corn Bran 120 TPD Maize

SURANA GROUP

Maize Solvent Extraction Plan

Corn Grits,Corn Samolina,Corn Floor,Corn Bran. 300 2.5 Rs.40 Lakhs (Note 1)

Rs.1.8 per Kwh (Note 2) 12 Months

Rs.11,000 (Note 3)

Rs.17,000 (Note 3) Rs.16000 (Note 3) Rs.11000 Rs.10000

COST OF PROJECT AND MEANS OF FINANCEI. Cost of the Project S. No. 1 2 3 4 5 PARTICULARS Land and Site Equipment Building Plant & Machinery Other Fixed Assets Pre-operative Expenses TOTAL (Amount ) ((In Rupees Lakhs) ) ((In Rupees) ) 100 ### 157 ### 800 ### 2 ### 76 ### 1,135 ###

II. Means of Finance S. No. 1 2 PARTICULARS Promoters Contribution - Equity Term Loan TOTAL (Amount ) ((In Rupees Lakhs) ) ((In Rupees) ) 375 760 1,135 ### ### ###

Everytime Foods Industries Pvt.Ltd.

Balance Sheet as at March 31, 20xxAs at March Schedule 31 2012 SOURCES OF FUNDS Shareholders' Funds Share Capital Reserves and Surplus Loan Funds Secured Loans TOTAL APPLICATION OF FUNDS Fixed Assets Gross Block Less: Accumulated Depreciation Net Block Current Assets, Loans And Advances Inventories Sundry Debtors Cash and Bank Balances Less: Current Liabilities and Provisions Creditors Working Capital loan Net Current Assets TOTAL IV As at March 31 2013

(In Rupees Lakhs)

As at As at As at March March As at March As at As at 31 31 March 31 March March 2014 2015 31 2016 2017 31 2018 31 2019

I II

375 (7)

375 18

375 162

375 356

375 602

375 853

375 1,105

375 1,383

III

760 1,128

740 1,133

660 1,196

580 1,311

500 1,477

420 1,647

342 1,822

1,758

1,059 1,059 1,059 1,059 1,059 1,059 1,059 1,059 - #NAME? #NAME? ### (#REF! ) (#REF! ) (#REF! ) (#REF! ) 1,059 (#REF! )(#REF! )(#REF! (#REF! ) (#REF! ) ) ### (#REF! ) V - (#REF! ) (#REF! ) (#REF! )(#REF! ) (#REF! ) (#REF! ) (#REF! ) 177 301 352 402 405 405 405 69 69 ### (#REF! )(#REF! ) (#REF! ) (#REF! ) (#REF! ) 69 (#REF! )(#REF! )(#REF! (#REF! ) (#REF! ) ) 405 (#REF! )

VI III

69 1,128

198 218

238 327

277 383

317 437

317 439

317 439

317 439

416 565 660 754 756 ### (#REF! ) (#REF! )(#REF! ) (#REF! )

756 756 (351) (#REF! ) ###

### (#REF! )(#REF! (#REF! ) (#REF! )(#REF! ) )

Everytime Foods Industries Pvt.Ltd.

Schedules to Balance Sheets(In Rupees Lakhs) 2011-12 2012-13 2013-14 2014-15 2015-16 2016-172017-182018-19 Provisional Estimated Projected Projected Projected ProjectedProjected Projected Schedule I Share Capital Authorised Capital Equity Shares of Rs. 500 500 500 500 500 500 500 500 Particulars Issued, Subscribed and Paid Up Capital 375 Issued during the year Total 375 375 375 375 375 375 375 375 375 375 375 375 375 375 375

Schedule II Reserves and Surplus As per Last Balance Sheet Profit and Loss Account Balance (7) Total (7)

18 18

18 143 162

162 195 356

356 246 602

602 251 853

853 252 1,105

1,105 278 1,383

Schedule III Secured Loans From Banks Term Loans 760 Working Capital Demand Loan Total 760

740 218 958

660 327 987

580 383 963

500 437 937

420 439 859

342 439 781

439 439

Schedule V Current Assets A. Inventories Raw Materials Consumables Finished Goods Sub Total

165 198 231 264 264 264 264 - #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? ### 126 152 177 202 202 202 202 - (#REF! ) (#REF! ) (#REF! ) (#REF! ) (#REF! ) (#REF! )(#REF! )

B. Sundry Debtors

-

177

301

352

402

405

405

405

C. Cash and Bank Balances Cash on Hand 3 (#REF! ) (#REF! ) (#REF! ) (#REF! ) (#REF! ) ### ### Bank Balance In Current Account with Schedule (#REF! ) (#REF! ) (#REF! ) (#REF! ) (#REF! ) (#REF! ) (#REF! ) 66 Banks Sub Total 69 69 ### (#REF! ) (#REF! ) (#REF! ) (#REF! )(#REF! ) Total 69 ### ### (#REF! ) (#REF! ) (#REF! ) (#REF! )(#REF! )

Schedule VI Current Liabilities and Provisions A. Current Liabilities Sundry Creditors B. Provisions Taxation Total 198 238 277 317 317 317 317

0 -

198

238

277

317

317

317

317

EVERYTIME FOODS INDUSTRIES PVT.LTD. Schedule IV FIXED ASSETS AND DEPRECIATION SCHEDULE Capital expenditure for the Year 2011-12 Particulars 2011-12 2012-13 2013-14 2014-15 in Lakhs) (Rs. Land 100 100 Building 157 157 Furniture and Fixtures 2 2 Plant & Machinery 800 800 1,059 SCHEDULE - D FIXED ASSETS AND DEPRECIATION For the Period Ended March 31, 2012 (Depreciation for 2012-13 Onwards )

Particulars Land Building Office Equipment/furniture Plant & Machinery

GROSS BLOCK Opening Balance Rat As at 1 Additions es April 2012 During the As at Marh SLM Year 31, 2012 0 5 5 10 100 157 2 800 1,059 100 157 2 800 1,059

7.85 0.10 80.0 87.95

-

As the building,plant and machinery have not been used till the commencement of the production,all cost(upto 31 March 2012) relating to the

Everytime Foods Industries Pvt.Ltd. Schedules to Profit and Loss Account(Rupess in Lakhs)

2011-12 2012-13 2013-14 2014-15 A. Turnover 2,394 17,000 407 4,536 17,000 771 2,520 11,000 277 3,150 10,000 315 1,770 71 1,699 4,070 17,000 692 7,711 17,000 1,311 4,284 11,000 471 5,355 10,000 536 3,010 120 2,889 4,754 17,000 808 9,007 17,000 1,531 5,004 11,000 550 6,255 10,000 626 3,515 141 3,375

2015-16

2016-17 2017-18 2018-19

Planed sales (tons) of Corn Grits Price per ton(Rs) Corn Grits Turnover (Rs.lacs) Planed sales (tons) Corn Samolina Price per ton(Rs) Corn Samolina Turnover (Rs.lacs) Planed sales (tons) Corn Floor Price per ton(Rs) Corn Floor Turnover (Rs.lacs) Planed sales (tons) Corn Bran Price per ton(Rs) Corn Bran Turnover (Rs.lacs) Gross Turnover Sales 4% Net turnover B. Cost of Material Maize (tons) Maize (@ Rs.11000/ton)

5,438 17,000 924 10,303 17,000 1,752 5,724 11,000 630 7,155 10,000 716 4,021 161 3,860

5,472 17,000 930 10,368 17,000 1,763 5,760 11,000 634 7,200 10,000 720 4,046 162 3,885

5,472 17,000 930 10,368 17,000 1,763 5,760 11,000 634 7,200 10,000 720 4,046 162 3,885

5,472 17,000 930 10,368 17,000 1,763 5,760 11,000 634 7,200 10,000 720 4,046 162 3,885

-

-

-

(- ) (- )

12,600 1,386

21,420 2,356

25,020 2,752

28,620 3,148

28,800 3,168

28,800 3,168

28,800 3,168

C. Direct Labour Cost Direct Labour No.of Labours Avg.Wage Per Labour per month 3,500 Total Wage cost per month (Rs.) D. Power and Fuel Power Consumption per ton of Raw Material Tariff Per KWH(Rs.) Tons processed in the year

8 3,920 31,360

12 4,390 52,685

14 4,917 68,841

15 5,507 82,610

15 15 15 6,168 6,908 7,737 92,523 103,626 116,061

Power costE. Establishment Cost Travel expenses Consultancy Insurances Audit and Legal Total G. Interests and Finance Cost Interest on Term Loan Interest on Working Capital Total

(25 KWH (25 KWH )(25 KWH ) ) (25 KWH )(25 KWH ) (25 KWH ) (25 KWH ) (25 KWH ) 2 2 2 2 2 2 2 2 15,390 24,624 28,728 32,832 32,832 32,832 32,832 8 12 14 16 16 16 16

45,000 50,000 55,000 20,000 10,000 10,000 400,000 360,000 324,000 10,000 11,000 12,100 13,310 70,000 476,000 432,100 402,310

20,000 40,000

60,000 65,000 75,000 90,000 10,000 10,000 10,000 10,000 291,600 262,440 236,196 212,576 14,641 16,105 17,716 19,487 376,241 353,545 338,912 332,064

25 25

98 31 129

90 46 135

79 54 133

69 61 130

59 61 120

48 61 110

61 61

Everytime Foods Industries Pvt.Ltd.. Profit and Loss Account for the Year Ended March in Rupees) (Amounts 31, 20xx2011Schedule 12 INCOME Net Sales A 201213 2013- 201414 15 3,375 2,752 6 14 14 34 88 35 2,943 2,943 4 2,947 428 133 295 295 295 100 195 20152016-17 2017-18 2018-19 16 3,860 3,148 7 16 16 39 88 40 3,354 3,354 4 3,358 502 130 372 372 372 127 246 3,885 3,168 8 16 16 39 88 46 3,381 3,381 4 3,385 500 120 380 380 380 129 251 3,885 3,885 3,168 3,168 9 10 16 16 16 16 39 39 88 88 53 61 3,389 3,398 3,389 3,398 3 3 3,393 3,402 492 483 110 61 382 421 382 382 130 252 421 421 143 278

1,699 2,889 1,386 3 8 7 17 88 23 1,532 1,532 5 1,536 163 129 35 35 (7) 28 9 18 2,356 5 12 12 29 88 30 2,532 2,532 4 2,536 353 135 217 217 217 74 143

Cost of Material B Direct Labour C Power & Fuel D Factory Expenses 0.50% Repairs and Maintenance 1% Depreciation IV Administration Cost F Cost of Production Sub-Total [Total cost of Production] Establishment Costs E Cost of Sales Operating Profit before Interest Interest and Financial Cost G Operating Profit after Interest Add Other non-operating income Preliminary Expenses written off Profir Before Tax/ loss Provision for Taxation-current Year -33.99% Net Profit After Tax/ loss

6 6 6 1 7 (7) (7) (7) (7) (7)

EVERYTIME FOODS INDUSTRIES PVT.LTD. Schedule F to Profit and Loss AccountS. No. Position 1 2 3 4 5 6 7 8 9 10 11 12 Wages Benefits Total Per MonthPer MonthPer Month C.E.O and Directors 2 40,000 10,000 140,000 General Manager 1 12,000 2,400 14,400 Production Manager/Supervisor 1 12,000 2,400 14,400 Quality Controller Manager/Miller1 9,000 1,800 10,800 Book Keeper,Accounts Manager 1 12,000 2,400 14,400 Engineer 1 12,000 2,400 14,400 Electrical Engineer 1 8,000 1,600 9,600 Store Keeper 1 8,000 1,600 9,600 Clerical 1 4,000 800 4,800 Security Officers 1 4,000 800 4,800 Office Assistants 2 4,000 800 9,600 Drivers 1 6,000 1,200 7,200 Total Salary Costs to run the Manufacturing Plant per year ### Nos

From Year 2014-15 the above salary cost would increase by 15 % every year

Everytime Foods Industries Pvt.Ltd. Cash Flow Statement for the Year ended March 31, 20xxYear Year Year Year Year Year Year Year Ended Ended Ended Ended Ended Ended Ended Ended March March March March 31' March 31' March March March 31' 2012 31' 2013 31' 2014 2015 2016 31' 2017 31' 2018 31' 2019 A) Cash Flow From Operations Net Profit Before Tax (7) 28 217 295 372 380 382 421 Depreciation / Amortization 95 88 88 88 88 88 88 Interest and Financial Charges 129 135 133 130 120 110 61 Operating Profit Before Working Capital Changes 251 (7) 441 516 590 588 580 571 Adjusted For Changes in Trade And Other Receivables (177) (124) (51) (51) (3) Inventories - #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! Trade Payables and Other Liabilities 198 40 39 40 Cash (used) / generated from Operations(7) 272 (#REF! ) #VALUE! (#REF! ) (#REF! ) #VALUE! (#REF! ) Taxes Paid 9 74 100 127 129 130 143 Net Cash (used) / generated in operating activities 263 (#REF! ) (#REF! ) (#REF! ) (#REF! ) (#REF! ) (#REF! ) (7) B) Cash Flow From Investing Activities Purchase Of Fixed Assets and Other Capex (1,059) (- ) Net Cash used in Investing Activities (1,059) C) Cash Flow From Financing Activities Proceeds from Issue of Shares Long Terrm Funds (Net) Short term Loans (Net) Interest paid Dividends and dividend tax Net Cash from Financing Activities

(- ) -

(- ) -

-

-

-

-

375 760 1,135

(20) 218 (129) 69

(80) 109 (135) (106)

(80) 56 (133) (157)

(80) 54 (130) (156) (#REF! ) (#REF! ) (#REF! )

(80) 2 (120) (198)

(78) (110) (188)

(342) (61) (403)

Net Change in Cash and Cash Equivalents(A+B+C)(#REF! ) (#REF! ) (#REF! ) 69 Cash and Cash Equivalents as at Apr. 1st (Op. Bal.) 69 (#REF! ) (#REF! ) Cash and Cash Equivalents as at Mar 31st (Cl.Bal.) 69 69 #VALUE! (#REF! )

(#REF! ) (#REF! ) (#REF! ) (#REF! ) (#REF! ) (#REF! ) (#REF! ) (#REF! ) (#REF! )

WORKING CAPITAL REQUIREMENT Description 2012-13 2013-14 2014-15 2015-16016-17 2 2017-18 2018-19 Total Capacity-Raw Material (Tons) 27000 36000 36000 36000 36000 36000 36000 Total Capacity-Finished Goods(Tons) Corn Grits 5130 6840 Corn Samolina 9720 12960 Corn Floor 5400 7200 Corn Bran 6750 9000

6840 6840 6840 12960 12960 12960 7200 7200 7200 9000 9000 9000

6840 6840 12960 12960 7200 7200 9000 9000

Capacity Utilisation Opening Stock (Tons) Corn Grits Corn Samolina Corn Floor Corn Bran Total Production( Tons) Corn Grits Corn Samolina Corn Floor Corn Bran Total Sales (Tons) Corn Grits Corn Samolina Corn Floor Corn Bran Total Closing Stock (Tons) Corn Grits Corn Samolina Corn Floor Corn Bran Total

CAPACITY UTILISATION 50% 60% 70% 171 324 180 225 900 205 389 216 270

80% 239 454 252 315

80% 274 518 288 360

80% 274 518 288 360 1,440

80% 274 518 288 360 ###

1,080 1,260 1,440

2,565 4,860 2,700 3,375 13,500

4,104 7,776 4,320 5,400 ###

4,788 5,472 5,472 5,472 5,472 9,072 ### ### 10,368 ### 5,040 5,760 5,760 5,760 5,760 6,300 7,200 7,200 7,200 7,200 ### ### ### ### ###

2,394 4,536 2,520 3,150 12,600

4,070 7,711 4,284 5,355 ###

4,754 5,438 5,472 5,472 5,472 9,007 ### ### 10,368 ### 5,004 5,724 5,760 5,760 5,760 6,255 7,155 7,200 7,200 7,200 ### ### ### ### ###

171 324 180 225

205 389 216 270

239 454 252 315

274 518 288 360

274 518 288 360

274 518 288 360 1,440

274 518 288 360 ###

900 1,080

1,260 1,440 1,440

WORKING CAPITAL REQUIREMENT Raw Materials (25 days Stock) Maize (Tons) 1,500 Maize (Rs.lakhs) 165

1,800 198

2,100 2,400 231 264

2,400 264

2,400 2,400 264 264

Finished Goods (15 Days Stock) Corn Grits (Rs.lacs) Corn Samolina (Rs.lacs) Corn Floor (Rs.lacs) Corn Bran (Rs.lacs) Total

29 55 20 23 126

35 66 24 27 152

41 77 28 32 177

47 88 32 36 202

47 88 32 36 202

47 88 32 36 202

47 88 32 36 202

Debtors(30 days) Corn Grits (Rs.lacs) Corn Samolina (Rs.lacs) Corn Floor (Rs.lacs) Corn Bran (Rs.lacs) Total Work-In-Progress(3 Days) Creditors(30 Days) Maize (Rs.Lakhs) Total NET WORKING CAPITAL

41 77 28 32 177 20

69 131 47 54 301 24

81 153 55 63 352 28

92 175 63 72 402 32

93 176 63 72 405 32

93 176 63 72 405 32

93 176 63 72 405 32

198 198 290

238 238 436 ### ###

277 277 510 ### ###

317 317 583 ### ###

317 317 586 ### ###

317 317 586 ### ### 61.46

317 317 586 ### ### ###

Working Capital Loan(75%) 218.00 Equity Funding(Margin money72.00 25%)

Interest on WCDL @ 14% p.a 30.52 45.78

53.62 61.18 61.46

Month Apr 14 May 14 June 14 July 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 June 15 July 15 Aug 15 Sep 15 Oct 15 Nov. 15 Dec 15 Jan 16 Feb 16 Mar 16 Apl 16 May 16 June 16 Jul 16 Aug 16 Sept 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Arl 17 May 17 June 17 Jul 17 Aug 17 Sept 17 Oct 17 Nov 17 Dec 17 Jan 18 Feb 18 Mar 18

Opening Principal O/S Repayment Principal O/S 660.00 20.00 640.00 0.00 640.00 0.00 640.00 20.00 620.00 0.00 620.00 0.00 620.00 20.00 600.00 0.00 600.00 0.00 600.00 20.00 580.00 0.00 580.00 0.00 80.00 580.00 20.00 560.00 0.00 560.00 0.00 560.00 20.00 540.00 0.00 540.00 0.00 540.00 20.00 520.00 0.00 520.00 0.00 520.00 20.00 500.00 0.00 500.00 0.00 80.00 500.00 20.00 480.00 0.00 480.00 0.00 480.00 20.00 460.00 0.00 460.00 0.00 460.00 20.00 440.00 0.00 440.00 0.00 440.00 20.00 420.00 0.00 420.00 0.00 80.00 420.00 20.00 400.00 0.00 400.00 0.00 400.00 20.00 380.00 0.00 380.00 0.00 380.00 20.00 360.00 0.00 360.00 0.00 360.00 18.00 342.00 0.00 342.00 0.00 78.00

Interest @13%p.a. 6.93 6.93 6.93 6.72 6.72 6.72 6.50 6.50 6.50 6.28 6.28 6.28 79.30 560.00 6.07 560.00 6.07 560.00 6.07 540.00 5.85 540.00 5.85 540.00 5.85 520.00 5.63 520.00 5.63 520.00 5.63 500.00 5.42 500.00 5.42 500.00 5.42 68.90 480.00 5.20 480.00 5.20 480.00 5.20 460.00 4.98 460.00 4.98 460.00 4.98 440.00 4.77 440.00 4.77 440.00 4.77 420.00 4.55 420.00 4.55 420.00 4.55 58.50 400.00 4.33 400.00 4.33 400.00 4.33 380.00 4.12 380.00 4.12 380.00 4.12 360.00 3.90 360.00 3.90 360.00 3.90 342.00 3.71 342.00 3.71 342.00 3.71 48.17 640.00 640.00 640.00 620.00 620.00 620.00 600.00 600.00 600.00 580.00 580.00 580.00

Everytime Foods Industries Pvt.Ltd.RATION ANALYSIS As at As at As at As at As at As at As at As at March March March March March March March March 31 2012 31 2013 31 2014 31 2015 31 2016 31 2017 31 2018 31 2019 Net Profit to Sales Ratio (%) Current Ratio Debt Equity Ratio Discounted Payback Period NPV Rate of Return on Equity (%) 4.99 -32 36.51 12.66 36.29 16.27 33.61 18.74 25.67 16.98 20.56 15.32 18.8 15.27 2.1 1.1 5 5.8 6.4 6.5 6.5 0.54 0.5 7.2 #VALUE! 0.2

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 2.4 1.8 1.3 Mid of FY 2014-15 1 0.7

Rate of Return on Total Investments(%) 1.63