financial model- msp(1)

8/8/2019 Financial Model- MSP(1)

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Fixed Asset Quantity Units

Land sqmtr

Leveling and Excavation sqmtr

Landscaping sqmtr

Factory shed sqmtr

Raw material storage Shed sqmtr

Beneficated iron ore storage shed sqmtr

Finshed good storage Shed sqmtr

Factory Building sqmtr

Plant and Machinery

Beneficiation Nos

Pelletisation plant Nos

Material handling system Nos

Fuel Storage sqmtr

Basic Amenities sqmtr

Working Capital

Raw material

Iron ore fines Tons

Coal fines Tons

Labour

Consumable

Water

Power

Fuel


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Rate Total


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Capacity and Utilisation

Description Unit 2010-11

Iron ore Beneficiation plant

Installed capacity Ton 1,000,000

Capacity utilisation % 0%

Number of operational days days 0

Number of days per yr 330

Pelletization Plant

Installed capacity Ton 600,000

Capacity utilisation %



Sensitivity 0%

Product mix



Captive Consumption ton 0

Open Market ton 0

Pelletization Plant

Captive Consumption ton 0

Open Market ton 0

Sensitivity 0%

Sales Mix



Domestic % 100%

Export % 0%

Pelletization Plant

Domestic % 100%

Export % 0%

Selling Prices


Beneficated Iron ore Rs./ Ton 3,500

Pellet Rs./ Ton 5,300

Sensitivity 0%

Consumption Norm


Raw Material


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Benefication Plant

Iron ore fines Ton/Ton 1.25

Pelletization

Beneficated iron ore Ton/Ton 1.03

Bentonite Ton/Ton 0.01

Coal fines Ton/Ton 0.04

Spares and Consumables

Benification palnt

Flocculant Ton/Ton 0.020

Lubricant Ton/Ton 0.100

Spares Ton/Ton 0.010

Pelletization

Fluxes Ton/Ton 1

UtilitiesWater

Benefication Plant M3/Ton 0.6

Pellet plant M3/Ton 0.3

Power

Benefication Plant Kwh/Ton 20

Pellet plant Kwh/Ton 45

Fuel

Pellet plant Kl/Ton 0.015

Water Disposal

Benefication Plant Ton/Ton 0.6

Pellet plant Ton/Ton 0.05

Rate per ton


Raw Material

Benefication Plant

Iron ore fines Rs./ Ton 350

Pelletization

Beneficated iron ore Market Rs./ Ton 0

Beneficated iron ore transfer Rs./ Ton 0

Bentonite Rs./ Ton 3500

Coal fines Rs./ Ton 2500

Spares and Consumables

Benification palnt

Flocculant Rs./ Ton 27000

Lubricant Rs./ Ton 50

Spares Rs./ Ton 500

Pelletization

Fluxes(RM) Rs./ Ton 250Lubricant Rs./ Ton 50


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Spares Rs./ Ton 500

Utilities

Water

Benefication Plant Rs./M3 5

Pellet plant Rs./M3 5

Power

Benefication Plant Rs./Kwh 4

Pellet plant Rs./Kwh 4

Fuel (light disel)

Iron ore fines Rs./KL 32000

Water Disposal

Benefication Plant Rs/ ton 80

Pellet plant Rs/ ton 25

Sensitivity 0%

Other Cost


Repairs And maintenace

Benefication Plant Rs/ ton 250

Iron ore fines Rs/ ton 250

Material Handling

Benefication Plant Rs/ ton 250Iron ore fines Rs/ ton 225

Sensitivity 0%

Fixed Cost

Fuel 0 0

Administrative Expenses % of NS 1.0%

Selling and Distribution Expenses % of NS 1.5%

Miscellaneous Expenses % of NS 0.5%

Man power

Beneficiation Plant


General Manager Nos 1

Shift Incharge Nos 4

Supervisor Nos 12

Operators Nos 20

Seniors Manager Nos 1

Maintenance Engineer Nos 3

Fitters Nos 6Helpers Nos 6


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Assitants Nos 6

Semi skilled workers Nos 20

Unskilled Workers Nos 35

Secuirity Guard Nos 2

Peons Nos 3

119

Pellet Plant


General Manager Nos 0


Supervisor Nos 10

Operators Nos 15

Seniors Manager Nos 1

Maintenance Engineer Nos 3

Fitters Nos 6Helpers Nos 6

Assitants Nos 6

Semi skilled workers Nos 15

Unskilled Workers Nos 25


Peons Nos 0

91

Annual Salary


General Manager Rs 480000

Shift Incharge Rs 216000

Supervisor Rs 180000

Operators Rs 102000

Seniors Manager Rs 270000

Maintenance Engineer Rs 204000

Fitters Rs 96000

Helpers Rs 36000

Assitants Rs 42000

Semi skilled workers Rs 54000

Unskilled Workers Rs 42000

Secuirity Guard Rs 30000

Peons Rs 30000

1,782,000.00

Capital Cost

Description Cost (Rs Million)

Land & Site Development 75

Factory Building 568Plant and Machinery 1329


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Miscellaneous Fixed Assets 244

Preliminary & Preoperative Expenses 299

Contingency @ 5% 107

Margin Money 106

TOTAL 2727

Description

Debt-Equity Ratio 0.000

Cost of Equity 12.00%

Cost of Debt 12.00%

Cost of Working Capital 12.00%

Income Tax Rate 33.99%

Post Tax Cost of Capital 12.00%

VAT 4.00%

Exchange Rate for 1 US$ 43

Beneficiation Pelletisation

Raw Material 45 30

Stores and Consumables 30 30

Work In Progress 2 3

Finished Goods 10 15

Debtors 45 90

Current Liabilities

Creditors 15 15

Net Current Assets

Working Capital Required

Margin Money 25% 25%

Bank Borrowings


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2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

0% 70% 80% 90% 90% 90%

0 165 330 330 330 330

330 330 330 330 330 330

600,000 600,000 600,000 600,000 600,000 600,000

70% 80% 90% 90% 90%

0 165 330 330 330 330

330 330 330 330 330 330

0% 100% 100% 100% 100% 100%

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

0 700,000 800,000 900,000 900,000 900,000

0 0 0 0 0 0

0 124,800 124,800 124,800 124,800 124,800

0 295,200 355,200 415,200 415,200 415,200

0% 100% 100% 100% 100% 100%

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

100% 100% 100% 100% 100% 100%

0% 0% 0% 0% 0% 0%

100% 100% 100% 100% 100% 100%

0% 0% 0% 0% 0% 0%

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

3,500 3,500 3,500 3,500 3,500 3,500

5,300 5,300 5,300 5,300 5,300 5,300

0% 100% 100% 100% 100% 100%

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17


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1.25 1.25 1.25 1.25 1.25 1.25

1.03 1.03 1.03 1.03 1.03 1.03

0.01 0.01 0.01 0.01 0.01 0.01

0.04 0.04 0.04 0.04 0.04 0.04

0.02 0.02 0.02 0.02 0.02 0.02

0.10 0.10 0.10 0.10 0.10 0.10

0.01 0.01 0.01 0.01 0.01 0.01

1 1 1 1 1 1

0.6 0.6 0.6 0.6 0.6 0.6

0.3 0.3 0.3 0.3 0.3 0.3

20.0 20.0 20.0 20.0 20.0 20.0

45.0 45.0 45.0 45.0 45.0 45.0

0.015 0.015 0.015 0.015 0.015 0.015

0.600 0.600 0.600 0.600 0.600 0.600

0.050 0.050 0.050 0.050 0.050 0.050

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

350 350 350 350 350 350

0 2250 1619 1619 1619 1619

0 2250 1619 1619 1619 1619

3500 3500 3500 3500 3500 3500

2500 2500 2500 2500 2500 2500

27000 27000 27000 27000 27000 27000

50 50 50 50 50 50

500 500 500 500 500 500

250 250 250 250 250 25050 50 50 50 50 50


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500 500 500 500 500 500

5 5 5 5 5 5

5 5 5 5 5 5

4 4 4 4 4 4

4 4 4 4 4 4

32000 32000 32000 32000 32000 32000

80.000 80.000 80.000 80.000 80.000 80.000

25.000 25.000 25.000 25.000 25.000 25.000

0% 100% 100% 100% 100% 100%

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

250 250 250 250 250 250

250 250 250 250 250 250

250 250 250 250 250 250225 225 225 225 225 225

0% 100% 100% 100% 100% 100%

0 0 0 0 0 0

1.0% 1.0% 1.0% 1.0% 1.0% 1.0%

1.5% 1.5% 1.5% 1.5% 1.5% 1.5%

0.5% 0.5% 0.5% 0.5% 0.5% 0.5%

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

1 1 1 1 1 1

4 4 4 4 4 4

12 12 12 12 12 12

20 20 20 20 20 20

1 1 1 1 1 1

3 3 3 3 3 3

6 6 6 6 6 66 6 6 6 6 6


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6 6 6 6 6 6

20 20 20 20 20 20

35 35 35 35 35 35

2 2 2 2 2 2

3 3 3 3 3 3

119 119 119 119 119 119

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

0 0 0 0 0 0

4 4 4 4 4 4

10 10 10 10 10 10

15 15 15 15 15 15

1 1 1 1 1 1

3 3 3 3 3 3

6 6 6 6 6 66 6 6 6 6 6

6 6 6 6 6 6

15 15 15 15 15 15

25 25 25 25 25 25

0 0 0 0 0 0

0 0 0 0 0 0

91 91 91 91 91 91

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

480000 480000 480000 480000 480000 480000

216000 216000 216000 216000 216000 216000

180000 180000 180000 180000 180000 180000

102000 102000 102000 102000 102000 102000

270000 270000 270000 270000 270000 270000

204000 204000 204000 204000 204000 204000

96000 96000 96000 96000 96000 96000

36000 36000 36000 36000 36000 36000

42000 42000 42000 42000 42000 42000

54000 54000 54000 54000 54000 54000

42000 42000 42000 42000 42000 42000

30000 30000 30000 30000 30000 30000

30000 30000 30000 30000 30000 30000

1782000 1782000 1782000 1782000 1782000 1782000


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General Manage Nos 1


Supervisor Nos 22

Operators Nos 35

Seniors Manage Nos 2

Maintenance Engin Nos 6

Fitters Nos 12

Helpers Nos 12Assitants Nos 12

Semi skilled worke Nos 35

Unskilled Worker Nos 60


Peons Nos 3

210


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2017-18 2018-19 2019-20 2020-21 2021-22

1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

90% 90% 90% 90% 90%

330 330 330 330 330

330 330 330 330 330

600,000 600,000 600,000 600,000 600,000

90% 90% 90% 90% 90%

330 330 330 330 330

330 330 330 330 330

100% 100% 100% 100% 100%

2017-18 2018-19 2019-20 2020-21 2021-22

900,000 900,000 900,000 900,000 900,000

0 0 0 0 0

124,800 124,800 124,800 124,800 124,800

415,200 415,200 415,200 415,200 415,200

100% 100% 100% 100% 100%

2017-18 2018-19 2019-20 2020-21 2021-22

100% 100% 100% 100% 100%

0% 0% 0% 0% 0%

100% 100% 100% 100% 100%

0% 0% 0% 0% 0%

2017-18 2018-19 2019-20 2020-21 2021-22

3,500 3,500 3,500 3,500 3,500

5,300 5,300 5,300 5,300 5,300

100% 100% 100% 100% 100%

2017-18 2018-19 2019-20 2020-21 2021-22


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1.25 1.25 1.25 1.25 1.25

1.03 1.03 1.03 1.03 1.03

0.01 0.01 0.01 0.01 0.01

0.04 0.04 0.04 0.04 0.04

0.02 0.02 0.02 0.02 0.02

0.10 0.10 0.10 0.10 0.10

0.01 0.01 0.01 0.01 0.01

1 1 1 1 1

0.6 0.6 0.6 0.6 0.6

0.3 0.3 0.3 0.3 0.3

20.0 20.0 20.0 20.0 20.0

45.0 45.0 45.0 45.0 45.0

0.015 0.015 0.015 0.015 0.015

0.600 0.600 0.600 0.600 0.600

0.050 0.050 0.050 0.050 0.050

2017-18 2018-19 2019-20 2020-21 2021-22

350 350 350 350 350

1619 1619 1619 1619 1619

1619 1619 1619 1619 1619

3500 3500 3500 3500 3500

2500 2500 2500 2500 2500

27000 27000 27000 27000 27000

50 50 50 50 50

500 500 500 500 500

250 250 250 250 25050 50 50 50 50


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500 500 500 500 500

5 5 5 5 5

5 5 5 5 5

4 4 4 4 4

4 4 4 4 4

32000 32000 32000 32000 32000

80.000 80.000 80.000 80.000 80.000

25.000 25.000 25.000 25.000 25.000

100% 100% 100% 100% 100%

2017-18 2018-19 2019-20 2020-21 2021-22

250 250 250 250 250

250 250 250 250 250

250 250 250 250 250225 225 225 225 225

100% 100% 100% 100% 100%

0 0 0 0 0

1.0% 1.0% 1.0% 1.0% 1.0%

1.5% 1.5% 1.5% 1.5% 1.5%

0.5% 0.5% 0.5% 0.5% 0.5%

2017-18 2018-19 2019-20 2020-21 2021-22

1 1 1 1 1

4 4 4 4 4

12 12 12 12 12

20 20 20 20 20

1 1 1 1 1

3 3 3 3 3

6 6 6 6 66 6 6 6 6


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6 6 6 6 6

20 20 20 20 20

35 35 35 35 35

2 2 2 2 2

3 3 3 3 3

119 119 119 119 119

2017-18 2018-19 2019-20 2020-21 2021-22

0 0 0 0 0

4 4 4 4 4

10 10 10 10 10

15 15 15 15 15

1 1 1 1 1

3 3 3 3 3

6 6 6 6 66 6 6 6 6

6 6 6 6 6

15 15 15 15 15

25 25 25 25 25

0 0 0 0 0

0 0 0 0 0

91 91 91 91 91

2017-18 2018-19 2019-20 2020-21 2021-22

480000 480000 480000 480000 480000

216000 216000 216000 216000 216000

180000 180000 180000 180000 180000

102000 102000 102000 102000 102000

270000 270000 270000 270000 270000

204000 204000 204000 204000 204000

96000 96000 96000 96000 96000

36000 36000 36000 36000 36000

42000 42000 42000 42000 42000

54000 54000 54000 54000 54000

42000 42000 42000 42000 42000

30000 30000 30000 30000 30000

30000 30000 30000 30000 30000

1782000 1782000 1782000 1782000 1782000


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480000

1728000

3960000

3570000

540000

1224000

1152000

432000504000

1890000

2520000

60000

90000

18150000

86429


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Sales Value

Description 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

Benficiated Ore

Captive Consumption

Market 0 0 467.95 467.95 467.95 467.95

Pellets

Captive Consumption

Market 0 0 451.56 1882.56 2200.56 2200.56

Gross sales 0 0 919.51 2350.51 2668.51 2668.51

VAT 35 90 103 103

Total - Net Market Sales 884 2260 2566 2566

Production Volume

Description 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

Beneficiation unit

Total Prodution 0 0 350000 800000 900000 900000

Captive Consumption 0 0 216300 494400 556200 556200

Market 0 0 133700 305600 343800 343800

% Market sales 0% 0% 38% 38% 38% 38%

Pellets

Total Prodution 0 0 210000 480000 540000 540000

Captive Consumption 0 0 124800 124800 124800 124800

Market 85200 355200 415200 415200

% Market sales 0% 0% 41% 74% 77% 77%


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2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

467.95 467.95 467.95 467.95 467.95 467.95

2200.56 2200.56 2200.56 2200.56 2200.56 2200.56

2668.51 2668.51 2668.51 2668.51 2668.51 2668.51

103 103 103 103 103 103

2566 2566 2566 2566 2566 2566

All figures in Million Tonnes

2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

900000 900000 900000 900000 900000 900000

556200 556200 556200 556200 556200 556200

343800 343800 343800 343800 343800 343800

38% 38% 38% 38% 38% 38%

540000 540000 540000 540000 540000 540000

124800 124800 124800 124800 124800 124800

415200 415200 415200 415200 415200 415200

77% 77% 77% 77% 77% 77%


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Variable Cost

Description Unit 2010-11 2011-12 2012-13

Raw Material Rs. Million - - 342.13

Spare and Consumables Rs. Million - - 56.00Utilities Rs. Million Err:509 Err:509 335.93

Repairs and Maintenance Rs. Million - - 280.00

Material Handling and TrasnportatiRs. Million - - 269.50

Waste Diposal Rs. Million - - 34.13

Total s. Millio Err:509 Err:509 1,317.68

Total Cost per ton Err:509 Err:509 3,137.33

Contribution Rs. Million - - -433.54

Contribution Margin % #DIV/0! #DIV/0! -49%

Iron Ore Beneficiation

Only for Transfer Price Calculations


Raw Material Rs. Million - - 342.13

Spare and Consumables Rs. Million - - 3.50

Utilities Rs. Million - - 58.10


Material Handling and TransportatiRs. Million - - 175.00

Waste Disposal Rs. Million - - 33.60

Total s. Millio - - 787.33

Total Cost/ Ton 2,249.50

725.69

Pelletisation


Raw Material 1(Internal transfer) Rs. Million - - 486.57

Raw Material (Market purchase)

Spare and Consumables Rs. Million - - 52.50

Utilities Rs. Million Err:509 Err:509 277.83


Material Handling and TransportatiRs. Million - - 94.50

Waste Disposal Rs. Million - - 0.53

Total s. Millio Err:509 Err:509 1,016.92Total Cost/ Ton


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2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

782.00 879.75 879.75 879.75 879.75 879.75 879.75 879.75 879.75

128.00 144.00 144.00 144.00 144.00 144.00 144.00 144.00 144.00383.92 431.91 431.91 431.91 431.91 431.91 431.91 431.91 431.91

320.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00

308.00 346.50 346.50 346.50 346.50 346.50 346.50 346.50 346.50

39.00 43.88 43.88 43.88 43.88 43.88 43.88 43.88 43.88

### ### ### ### ### ### ### ### ###

### ### ### ### ### ### ### ### ###

299.19 359.84 359.84 359.84 359.84 359.84 359.84 359.84 359.84

13% 14% 14% 14% 14% 14% 14% 14% 14%

2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

782.00 879.75 879.75 879.75 879.75 879.75 879.75 879.75 879.75

8.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00

66.40 74.70 74.70 74.70 74.70 74.70 74.70 74.70 74.70

200.00 225.00 225.00 225.00 225.00 225.00 225.00 225.00 225.00

200.00 225.00 225.00 225.00 225.00 225.00 225.00 225.00 225.00

38.40 43.20 43.20 43.20 43.20 43.20 43.20 43.20 43.20

### ### ### ### ### ### ### ### ###

### ### ### ### ### ### ### ### ###

### ### ### ###

2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

800.19 900.21 900.21 900.21 900.21 900.21 900.21 900.21 900.21

120.00 135.00 135.00 135.00 135.00 135.00 135.00 135.00 135.00

317.52 357.21 357.21 357.21 357.21 357.21 357.21 357.21 357.21

120.00 135.00 135.00 135.00 135.00 135.00 135.00 135.00 135.00

108.00 121.50 121.50 121.50 121.50 121.50 121.50 121.50 121.50

0.60 0.68 0.68 0.68 0.68 0.68 0.68 0.68 0.68

### ### ### ### ### ### ### ### ###


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Description Unit 2010-11 2011-12 2012-13 2013-14

Manpower Expenses-BeneficiatiRs Million - - 10.17 10.17

Manpower Expenses-Pelletisati Rs Million 7.98 7.98

Administrative Expenses Rs Million - - 8.84 22.60Selling & Distribution ExpensesRs Million - - 13.26 33.90

Miscellaneous Expenses Rs Million - - 4.42 11.30

Total Fixed Cost Rs Million - - 44.67 85.95


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2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

10.17 10.17 10.17 10.17 10.17 10.17 10.17 10.17

7.98 7.98 7.98 7.98 7.98 7.98 7.98 7.98

25.66 25.66 25.66 25.66 25.66 25.66 25.66 25.6638.49 38.49 38.49 38.49 38.49 38.49 38.49 38.49

12.83 12.83 12.83 12.83 12.83 12.83 12.83 12.83

95.13 95.13 95.13 95.13 95.13 95.13 95.13 95.13


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Description Unit 2010-11 2011-12 2012-13 2013-14

Net Sales s. Millio - - 884.14 ###

Variable Costs s. Millio Err:509 Err:509 ### ###Raw Material Rs. Million - - 342.13 782.00

Spare and Consumables Rs. Million - - 56.00 128.00

Utilities Rs. Million Err:509 Err:509 335.93 383.92

Repairs and Maintenance Rs. Million - - 280.00 320.00

Material Handling and TrasnportatiRs. Million - - 269.50 308.00

Waste Disposal Rs. Million - - 34.13 39.00

Fixed Costs s. Millio - - 44.67 85.95

Manpower Expenses Rs. Million - - 10.17 10.17

Administrative Expenses Rs. Million - - 7.98 7.98

Selleing & Distribution Expenses Rs. Million - - 8.84 22.60

Miscellaneous Expenses Rs. Million - - 13.26 33.90Cost of Sales s. Millio Err:509 Err:509 ### ###

EBDIT s. Millio Err:509 Err:509 -478.21 213.23

EBDIT % % Err:509 Err:509 0.0% 9.4%


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2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

### ### ### ### ### ### ### ###

### ### ### ### ### ### ### ###879.75 879.75 879.75 879.75 879.75 879.75 879.75 879.75

144.00 144.00 144.00 144.00 144.00 144.00 144.00 144.00

431.91 431.91 431.91 431.91 431.91 431.91 431.91 431.91

360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00

346.50 346.50 346.50 346.50 346.50 346.50 346.50 346.50

43.88 43.88 43.88 43.88 43.88 43.88 43.88 43.88

95.13 95.13 95.13 95.13 95.13 95.13 95.13 95.13

10.17 10.17 10.17 10.17 10.17 10.17 10.17 10.17

7.98 7.98 7.98 7.98 7.98 7.98 7.98 7.98

25.66 25.66 25.66 25.66 25.66 25.66 25.66 25.66

38.49 38.49 38.49 38.49 38.49 38.49 38.49 38.49### ### ### ### ### ### ### ###

264.71 264.71 264.71 264.71 264.71 264.71 264.71 264.71

10.3% 10.3% 10.3% 10.3% 10.3% 10.3% 10.3% 10.3%


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Profitability Statement

Description 2010-11 2011-12 2012-13 2013-14 2014-15

Income - - ### ### ###

Net Sales - - ### ### ###

Expenditure - - ### ### ###

Operating Cost - - ### ### ###Depreciation - - 110.35 110.35 110.35

Interest - - 168.57 182.12 175.43

Non-Operating Expenses - - - - -

Exp written off - - 34.27 34.27 34.27

Gross Profit - - 723.19 843.36 850.05

Under(-)/ Over(+) Recovery - - - - -

Profit Before Tax - - 723.19 843.36 850.05

Income Tax 33.99% - - 176.73 236.25 253.61

Profit After Tax - - 546.46 607.12 596.44

NPM #DIV/0! #DIV/0! 11.88% 11.73% 11.53%


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Rs. Million

2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

### ### ### ### ### ### ###

### ### ### ### ### ### ###

### ### ### ### ### ### ###

### ### ### ### ### ### ### 77.4%110.35 110.35 110.35 110.35 110.35 110.35 110.35 2.1%

168.75 162.06 155.37 152.03 152.03 152.03 152.03 2.9%

- - - - - - -

34.27 34.27 34.27 34.27 - - -

856.73 863.42 870.10 873.45 907.72 907.72 907.72 17.5%

- - - - - - -

856.73 863.42 870.10 873.45 907.72 907.72 907.72

268.14 280.40 290.84 296.88 308.53 308.53 308.53

588.60 583.02 579.26 576.56 599.18 599.18 599.18

11.37% 11.27% 11.19% 11.14% 11.58% 11.58% 11.58%


28/47

Interest Sheet

Beneficiation & Pelletisation

Descripti 0 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

Long Term LoanRate of Interest 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00%

Outstandi Rs Million 96.98 278.57 278.57 222.85 167.14 111.43 55.71

Interest Rs Million - 33.43 30.09 23.40 16.71 10.03

Repayme Rs Million - - - 55.71 55.71 55.71 55.71

Working Capital Loan

Rate of Interest 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00%

Outstandi Rs Million - - ### ### ### ### ###

Interest Rs Million - - 135.14 152.03 152.03 152.03 152.03

Total Int Rs Million - - 168.57 182.12 175.43 168.75 162.06

Pre-Operative Expenses

Amount Rs Million 119.95 239.89 239.89 205.62 171.35 137.08 102.81

Written O Rs Million 34.27 34.27 34.27 34.27 34.27IDC 11.64 22.53

61.88 116.14


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2017-18 2018-19 2019-20 2020-21 2021-22

12.00% 12.00% 12.00% 12.00% 12.00%

- - - - -

3.34 - - - -

55.71 - -

12.00% 12.00% 12.00% 12.00% 12.00%

### ### ### ### ###

152.03 152.03 152.03 152.03 152.03

155.37 152.03 152.03 152.03 152.03

68.54 34.27 - - -

34.27 34.27 - - -


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Rs. MillionDescription Unit 2010-1 2011-12 TotalLand Acquisition Cost

Land Development Cost

Development of Tailing Pond

Plant and Machinery

MFA

Utilities

Mining Development

Preliminary and Pre-operative Expenses

Margin Money

Interest During Construction (IDC)

Contingency

Total

-Capital Structure

Description Unit 010-112011-12 TotalEquity #DIV/0!

Long Term Debt #DIV/0!

Total

Cost


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#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!


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Depreciation

Description 2010-11 2011-12 2012-13 2013-14 2014-15

Gross Fixed Assets Rs Million

Land Rs Million

Tailing Pond Rs MillionBuilding and Civil WorkRs Million

Plant and Machinery Rs Million

MFA Rs Million

Depreciation Rs Million

Land 0.00%

Tailing Pond 3.33%

Building and Civil Work 3.33%

Plant and Machinery 5.28%

MFA 7.50%

Cumulative Depreci Rs Million

Land Rs Million

Tailing Pond Rs MillionBuilding and Civil WorkRs Million


MFA Rs Million

Net Fixed Assets Rs Million

Land Rs Million

Tailing Pond Rs Million

Building and Civil WorkRs Million


MFA Rs Million

WDV0 2010-11 2011-12 2012-13 2013-14 2014-15

Gross Fixed Assets Rs Millio - - - - -

Land Rs Million - - - - -

Tailing Pond Rs Million - - - - -

Building and Civil WorkRs Million - - - - -

Plant and Machinery Rs Million - - - - -

MFA Rs Million - - - - -

Depreciation Rs Million - - - - -

Land 0.00% - - - - -

Tailing Pond 5.00% - - -

Building and Civil Work 5.00% - - - - -

Plant and Machinery 15.00% - - - - -MFA 25.00% - - -

Cumulative Depreci Rs Million - - - - -

Land Rs Million - - - - -

Tailing Pond Rs Million - - - - -

Building and Civil WorkRs Million - - - - -

Plant and Machinery Rs Million - - - - -

MFA Rs Million - - - - -


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34/47

2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

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

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -


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- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -


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Overall Project Working Capital

Description Days 2010-11 2011-12 2012-13 2013-14

Current Assets - - ### ###

Raw Material - - 106.09 121.02

Stores and Consumables - - 20.36 22.92Work In Progress - - 12.32 12.42

Finished Goods - - 132.90 118.65

Debtors - - ### ###

Current Liabilities - - Err:509 Err:509

Creditors - - Err:509 Err:509

Net Current Assets - - Err:509 Err:509

Working Capital Required #REF! #REF! Err:509 Err:509

Margin Money - - Err:509 Err:509

Bank Borrowings - - Err:509 Err:509

Iron Ore Beneficiation


Current Assets

Raw Material 45 - - 93 107

Stores and Consumables 30 - - 1 1

Work In Progress 2 - - 5 4

Finished Goods 10 - - 83 62

Debtors 45 - - 241 308

Total Current Assets - - 422 482

Current Liabilities

Creditors 15 - - 31 36Working Capital Gap - - 391 446

Margin Money 25% - - 106 120

Bank Borrowings - - 285 325

Pelletisation


Current Assets - - ### ###

Raw Material 30 - - 12.78 14.38

Stores and Consumables 30 - - 19.73 22.19

Work In Progress 3 - - 7.55 8.49

Finished Goods 15 - - 50.33 56.62Debtors 90 - - ### ###

Current Liabilities - - Err:509 Err:509

Creditors 15 - - Err:509 Err:509

Net Current Assets - - Err:509 Err:509

Working Capital Required - - Err:509 Err:509

Margin Money 25% - - Err:509 Err:509


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Bank Borrowings - - Err:509 Err:509


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2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

### ### ### ### ### ### ### ###

134.35 134.35 134.35 134.35 134.35 134.35 134.35 134.35

23.01 23.01 23.01 23.01 23.01 23.01 23.01 23.0112.91 12.91 12.91 12.91 12.91 12.91 12.91 12.91

126.36 126.36 126.36 126.36 126.36 126.36 126.36 126.36

### ### ### ### ### ### ### ###

Err:509 Err:509 Err:509 Err:509 Err:509 Err:509 Err:509 Err:509






2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

120 120 120 120 120 120 120 120

1 1 1 1 1 1 1 1

4 4 4 4 4 4 4 4 -31.42

70 70 70 70 70 70 70 70 0

350 350 350 350 350 350 350 350 -31.42

545 545 545 545 545 545 545 545

40 40 40 40 40 40 40 40504 504 504 504 504 504 504 504

136 136 136 136 136 136 136 136

368 368 368 368 368 368 368 368

2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

### ### ### ### ### ### ### ###

14.38 14.38 14.38 14.38 14.38 14.38 14.38 14.38

22.19 22.19 22.19 22.19 22.19 22.19 22.19 22.19

8.49 8.49 8.49 8.49 8.49 8.49 8.49 8.49

56.62 56.62 56.62 56.62 56.62 56.62 56.62 56.62### ### ### ### ### ### ### ###







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0 0 0 0 0 0 0 0 0

Sources of Fund

PAT Rs Million - - 723.19 843.36 850.05 856.73 863.42

Depreciati Rs Million - - ### ### ### ### ###

Equity InveRs Million - - - - - - -

Increase inRs Million 2010-11 2011-12 2012-13 - - - -Expenses Rs Million - - 168.57 182.12 175.43 168.75 162.06

Increase inRs Million - - - - - - -

Total Sou Rs Million - - ### ### ### ### ###

Uses of Fund

Gross Fixe Rs Million - - - - - - -

Increase inRs Million - - 127.12 15.89 - - -

Other Pay Rs Million - - - - - - -

Repaymen Rs Million 96.98 278.57 278.57 222.85 167.14 111.43 55.71

Total Use Rs Million 96.98 278.57 405.69 238.74 167.14 111.43 55.71

Net Cash Rs Million -96.98 -278.57 ### ### ### ### ###

Opening B Rs Million 0 -96.98 -375.54 ### ### ### ###Closing BalRs Million -96.98 -375.54 ### ### ### ### ###


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0 0 0 0 0

870.10 873.45 907.72 907.72 907.72

### ### ### ### ###

- - - - -

- - - - -155.37 152.03 152.03 152.03 152.03

- - - - -

### ### ### ### ###

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

### ### ### ### ###

### ### ### ### ###### ### ### ### ###


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Profitabi 0 0 0 0 0 0 0 0

Shareholders Fund

Capital Rs. Million 870.32 - - - - - -

Reserve aRs. Million - - 723.19 ### ### ### ###

Total Rs. Milli 870.32 - 723.19 ### ### ### ###

Loan Funds

Secured Rs. Milli - - - - - - -

Term Loa Rs. Million - - - - - - -

WC Loan Rs. Million - - - - - - -

Unsecur Rs. Milli - - - - - - -

Other LoaRs. Million - - - - - - -

Total Rs. Milli - - - - - - -

Total So Rs. Milli 870.32 - 723.19 ### ### ### ###

Rs. Million

Fixed As Rs. Milli - - -71.69 -71.69 -71.69 -71.69 -71.69

Gross Blo Rs. Million - - - - - - -

Less: Cu Rs. Million - - 71.69 71.69 71.69 71.69 71.69Investme Rs. Million - - - - - - -

Current Rs. Milli - 422.31 ### ### ### ### ###

Inventori Rs. Million - - ### ### ### ### ###

Debtors Rs. Million - - 14.85 16.71 16.71 16.71 16.71

Cash Rs. Million - 422.31 315.70 649.10 685.34 677.50 671.93

Less: Cu Rs. Milli - - - - - - -

Creditors Rs. Million - - - - - - -

Provision Rs. Million - - - - - - -

Net Curr Rs. Milli - 422.31 ### ### ### ### ###

Miscellan Rs. Million - - 168.57 182.12 175.43 168.75 162.06

Total Us Rs. Milli - 422.31 ### ### ### ### ###

870.32 -422.31 ### ### -457.75 413.51 ###

### ### 264.71 820.49 871.26 875.68


43/47

0 0 0 0 Rs. Million

- - - - -

### ### ### ### ###

### ### ### ### ###

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

### ### ### ### ###

-71.69 -71.69 -71.69 -71.69 -71.69

- - - - -

71.69 71.69 71.69 71.69 71.69- - - - -

### ### ### ### ###

### ### ### ### ###

16.71 16.71 16.71 16.71 16.71

668.17 721.18 709.54 709.54 709.54

- - - - -

- - - - -

- - - - -

### ### ### ### ###

155.37 152.03 152.03 152.03 152.03

### ### ### ### ###

### ### ### ### ###

880.55 823.77 919.37 907.72 907.72


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Description 0 2010-11 2011-12 2012-13 2013-14

Initial Cash Flows

Capital Investment Rs Million -967.29 -1,388.96 -

Margin Money Rs Million - -422.31Total Rs Million -967.29 ### -

Operating Cash Flows

PAT Rs Million - - 546.46 607.12

Depreciation Rs Million - - 110.35 110.35

Interest Coverage Rs Million - - 111.27 120.22

Misc Expenses Written off Rs Million - - 34.27 34.27

Total Rs Million - - 802.36 871.95

Terminal Cash Flows

Salvage Value Rs Million

Working Capital Rs Million

Total Rs Million - - - -

Total Free Cash Flows Rs Million -967.29 -1811.27 802.36 871.95NPV Rs Million 1,903.10

IRR % 26.03%

Payback Period (months) Months 63

Post tax capital % 11.59%

PD (yrs) 1 2 3 4

CF -967.29 -1811.27 802.36 871.95

CCF -967.29 -2778.57 ### -1104.26

PP (months) na na na na

Initial Cash Flows 0 2010-11 2011-12 2012-13 2013-14

Leverage Ratio

Debt Equity 1.46 1.41

Average DE Ratio 1.32

DSCR 21.67 9.11

Average DSCR 12.39

Profitability Ratio

Operating Profit Margin 0.00% 0.00% 22.53% 22.61%

Net Profit Margin #DIV/0! #DIV/0! 11.88% 11.73%


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2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

596.44 588.60 583.02 579.26 576.56 599.18 599.18 599.18

110.35 110.35 110.35 110.35 110.35 110.35 110.35 110.35

115.80 111.39 106.98 102.56 100.36 100.36 100.36 100.36

34.27 34.27 34.27 34.27 34.27 - - -

856.86 844.61 834.62 826.44 821.54 809.89 809.89 809.89

1,012.85

422.31

- - - - - - - ###

856.86 844.61 834.62 826.44 821.54 809.89 809.89 2245.05

5 6 7 8 9 10 11 12

856.86 844.61 834.62 826.44 821.54 809.89 809.89 2245.05

-247.40 597.21 1431.82 2258.27 3079.81 3889.70 4699.59 6944.65

na 63.52 63.41 63.21 63.01 62.37 62.37 106.88

2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

1.34 1.28 1.24 1.21 1.19 1.18 1.16 1.15

9.66 10.35 11.22 12.31 - - - -

22.61% 22.61% 22.61% 22.61% 22.61% 22.61% 22.61% 22.61%

11.53% 11.37% 11.27% 11.19% 11.14% 11.58% 11.58% 11.58%


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Sr. No.

2010-11 2011-12

Q1 Q2. Q3 Q4 Q1 Q2. Q3

1 Land & Land Development

Preliminary Studies / Surveys

Land Levelling

2 Statutory Approvals3 Facilities

Architectural Drawings

Detailed Enginnering

Obtaining Technical Approvals

Finalisation of orders

Civil Works

Receipt of Equipments

Mechanical Completion

Commissioning

Description


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2012-13

Q4 Q1 Q2. Q3 Q4

financial model- msp(1)

Documents