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8/14/2019 Oil Mills New

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FAT Oil Mills (Pvt) Limited Ann

Estimated Cost of Land

Sr. No. Description Area in Marlas Unit Cost

1 Land 160 125,000

2 Registratioin & Lega Requirements 10% of cost of Land 160 12,500

3 Stamp Duty 5% of Cost of Land 160 6,250

4 District Council Fee 2.5% of Cost of Land 160 3,125

5 Development Charges 15% of Cost of Land 160 18,750

Total Cost of Land 165,625


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xure 1

Total Cost

20,000,000

2,000,000

1,000,000

500,000

3,000,000

26,500,000


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FAT Oils (Pvt) Limited

Estimated Cost of Civil Works

Sr. No. Description Type of Building Unit of Construction

1 Oil Cake Store 1 RCC Square feet

2 Expelelr Room (G/Floor) RCC Square feet

3 Expeller Room (F/Floor) RCC Square feet

4 Refinery Room RCC Square feet

5 Offic Blcok and Corridor RCC Square feet

6 Machinery Covered area RCC Square feet

7 Store RCC Square feet

8 Separate two Rooms RCC Square feet

9 Cost of Jumbo Lon for insulation Open area Square feet10 Boundary Wall and Gate Running feet

11 Brick Pavement Running feet

Total Cost of Civil Works


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Annexure-2

Covered area Rate Per Unit Total Cost

7065 575 4,062,375

2214 575 1,273,050

2214 575 1,273,050

196 575 112,700

694 575 399,050

403 575 231,725

714 575 410,550

492 500 246,000

42174 45 1,897,830275,862

689,655

10,871,847


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FAT Oil Mills (Pvt) Limited

Estimated Cost of Machinery

Sr.No. Description Qty

1 Ouil Expeller Bearing Type duty weight (100 Mon) with Crude Oil.

Production 250 m/24 hrs. 6

2 Electric Motor for Expeller 40 HP/950 RPM made China new. 6

3 Electric Motor Pully V-Belt type Local 6

4 Small Crude Tank for Expeller material 1/4 thickness Local 6

5 Big Crude Tank cap (500 Mon) Local Material 1

6 Storage Tank Cap (500 Mon) Local Material 2

7M.S. Refined Tank Cap (250 Mon) heavy material (3/8 plate Local 3

8 Electric Motor 10 HP/950 RPM China 2

9 Electric Motor 5 HP/950 RPM China 2

10 Refined Pump with Motor 1

11 Gear Pump 2" X 2" Local 2

12 Electric Cables with tape fitting Electric Panel 113 Expeller Bolt & Motor Bolts foundation bolts 3

14 Capacitor 40 HP Motor 4

15 Electric Pump Gear with 5 HP Motor 1

16 Insurance & Transportation Cost

Total Cost of Machinery


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Annexure-3

Unit Cost (Rs) Total Cost (Rs)

200,000 1,200,000

45,000 270,000

4,000 24,000

7,500 45,000

60,000 60,000

55,000 110,000

85,000 255,000

20,000 40,000

13,000 26,000

16,000 16,000

9,500 19,000

275,000 275,00075,000 225,000

20,000 80,000

13,000 13,000

265,800

2,923,800


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Annexure-4

FAT Oil Mills(Pvt) Limited

Estimated cost of the Project

Sr.No. Description Local currency Foreign currency Total cost

1 Land 26,500,000 - 26,500,000

2 Building 10,871,847 - 10,871,847

3 Machinery 2,923,800 - 2,923,800

4 Vehicles 6,270,000 6,270,000

5 Furniture and Fixture 65,000 65,000

6 Office Equipment 60,000 60,000

7 Other Fixed Assets 50,000 50,000

8 Pre-operating expenses 115,000 115,000

10 Interest during construction 2,579,473

Estimated fixed cost - 49,435,120

Add: Net Initial Net Working Capital 14,560,375

Total Estimated Cost of Project 63,995,494


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Annexure-5

Production at 100% Capacity

Crushing Of Cotton Seed:

10000 Kg of Cotton Seed/day/Expellor No. of Expellors % Output Quantity

Oil Cake 6 80 17,280,000

Refined Oil 6 10 2,160,000

Oil Dirt 6 5 1,080,000

Wastage 6 5 1,080,000

Total 100 21,600,000


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Year ending 31st December

Capacity Utilized2008 2009

75% 80%

Production of Oil Cake:

a) Number of Units Manufactured 12,960,000 13,824,000

Add: Opening Inventory - 1,296,000

Total Units available for Sales 12,960,000 15,120,000

Less: Closing Inventory 1,296,000 1,382,400

Units Sold 11,664,000 13,737,600

Production of Refined Oil:

b) Number of Units Manufactured 1,620,000 1,728,000

Add: Opening inventory - 162,000

Total Units available for Sales 1,890,000

Less: Closig Inventory 162,000 172,800

Units Sold 1,458,000 1,717,200

c) Production of Oil Dirt:

Number of Units Manufactured 810,000 864,000

Add: Opening Inventory - 8,100

Total Production available for Sales 810,000 872,100

Less: Closing Inventory 1% of Production 8,100 8,640

Quantity Sold 801,900 863,460


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(Units in Kgs)

2010 2011 2012

85% 85% 85%

14,688,000 14,688,000 14,688,000

1,382,400 1,468,800 1,468,800

16,070,400 16,156,800 16,156,800

1,468,800 1,468,800 1,468,800

14,601,600 14,688,000 14,688,000

1,836,000 1,836,000 1,836,000

172,800 183,600 183,600

2,008,800 2,019,600 2,019,600

183,600 183,600 183,600

1,825,200 1,836,000 1,836,000

918,000 918,000 918,000

8,640 9,180 9,180

926,640 927,180 927,180

9,180 9,180 9,180

917,460 918,000 918,000


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Sales Revenue:

Capacity Utilized:

Sales in Rupee

2008 2009 2010

75% 80% 85%

a) Sales of Oil Cake @ 12/Kg. 139,968,000 164,851,200 175,219,200

b) Sales of Refined Oil @ 70/kg. 102,060,000 120,204,000 127,764,000

c) Sales of Oil Dirt @ 6/Kg. 4,811,400 5,180,760 5,504,760

Total Sales( a, b & c) 246,839,400 290,235,960 308,487,960


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2011 2012

85% 85%

176,256,000 176,256,000

128,520,000 128,520,000

5,508,000 5,508,000

310,284,000 310,284,000


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Raw Material:

Years 2008 2009 2010

Capacity Utilized 75% 80% 85%

Consumption of Raw Material:

Description Quantity (Kgs.)

a) Cotton Seed 10000kg/day/Expeller 16200000 17280000 18360000

b) Caustic Soda 486000 518400 550800

Total Quantity Consumed 16686000 17798400 18910800

Cost of Raw material:

Description Cost (Rupees)

a) Cotton seed @ 14/kg 226800000 241920000 257040000

b) Caustic soda @ 35/kg 17010000 18144000 19278000

Total Cost 243810000 260064000 276318000


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2011 2012

85% 85%

18360000 18360000

550800 550800

18910800 18910800

257040000 257040000

19278000 19278000

276318000 276318000


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Labor Cost:

a) Direct Labor:

Sr. No. Plant Labor No. of Employees Salary/Month/Worker

1 Skilled 6 6000

2 Semi-Skilled 6 6000

3 Un-Skilled 6 6000

Total 18 18000

Add: Fringe Benefits (40% of Basic Salary)

Total Cost of Plant Labor

Sr. No. Production Labor No. of Employees Salary/Month/Worker

1 Plant Manager 1 100002 Electrition 6 5000

3 Peon/Sweeper 3 3000

Total 10 18000

Add: Fringe Benefits (40% of Basic Salary)

Total Cost of Production Labor


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Annual Salary (Rs.)

432000

432000

432000

1296000

518400

1814400

Annual Salary (Rs.)

120000360000

108000

588000

235200

823200


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Year Wise Wages of Labor:

Sr. No. Description 2008 2009

C1 Plant Labor 1,814,400 2,086,560

2 Production Labor 823,200 946,680

Total Cost of Labor 2,637,600 3,033,240


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Years

2010 2011 2012

st in Rupees2,399,544 2,759,476 3,173,397

1,088,682 1,251,984 1,439,782

3,488,226 4,011,460 4,613,179


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Manufacturing Overhead Cost:

Description

a) Fixed Cost:

Power: KV @ Rs. 200/KV/Month

Insurance: @ 1% of Fixed Assets Cost

Maintenance and Depreciation:

Overhauling Expenses @ 15000 Per Expeller

Maintenance of Building

Maintenance of VehiclesDepreciation - Building

Depreciation - Vehicles

Miscelleneous

Total Fixed Cost

b) Variable Manufacturing Expenses:

Power: KV @ Rs. 200/KV/Month

Machinery Rs. 0.5 Per 40/Kg on Crusing of Cotton Seed

Total Variable Cost

Year ending Manufacturing Overheads as per Different Ca

Description2008 2009

75% 80%

Fixed Cost 1,317,645 1,317,645Variable Cost 5,201,091 5,547,830

Total Cost of Manufacturing Overheads 6,518,736 6,865,475


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Rupees

876,000 365 Operat

202,406 5.5 Per Uni

Maintenan

Over Haulli

Building M

90,000 Vehicles O

25,000 Fixed Asse

360,000 Vehicles M362,395 Markeitng

470,250

10,000 Pre-Produ

Pre-Produc

1,317,645 Registratio

Transportai

6,732,288 Transportai

202,500 Office Equ

FAX Machi

6,934,788

Computer

Othe Asset

pacities:

Years

2010 2011 2012

ost in Rupees

85% 85% 85%

1,317,645 1,317,645 1,317,6455,894,570 5,894,570 5,894,570

7,212,215 7,212,215 7,212,215


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ing Season Per KV

t

e Rs. 0.5 Per Mon on Crushing Cotton Seed

ng Expenses Rs. 15000 Per Expellor

intenance Rs. 25000 (White Wash)

ne Motorcycle Honda CD 70, Car Honda VTI (Rs. 1200000)

ts Office Furniture Rs. 50000

aintenance Cost Rs. 10000 Per Months. 5000 Per Month

ction Expenses

tion Expenses Rs. 50000

& Sales Tax Number Rs. 10000

ion Cost Rs. 7.00 to Rs. 10.00 Per 40 Kg. Local Purchases.

ion Cost Rs. 40.00 to Rs. 50.00 Per 40 Kg. Othe than Punjab

ipment

ne 50000

0

s 0


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Break Up of Administrative Salaries:

Sr. No. Designation

1 Managing Director

2 Accountant

3 Clerk

4 Cahier

5 Chowkidar/Godown Keeper

6 Peon/Sweeper

Total

Add: Fringe Benefits @ 40%

Total Cost of Administrative Staff

General Expenses:

Sr. No. Description

1 Travelling Expenses

2 Printing & Stationary

3 Telephone, Telex, Postage

4 Rents, Rates and Taxes5 Entertainment

6 Legal & Audit

7 Miscellaneous

Total


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No. of EmployeesRupees

Salary Per Month Annual Salary

1 15,000 180,000

1 6,500 78,000

3 4,500 162,000

1 4,000 48,000

2 3,000 72,000

2 3,000 72,000

9 21,000 432,000

8,400 172,800

29,400 604,800

Annual Expenses (Rs.)

100,000

20,000

250,000

250,00020,000

100,000

15,000

755,000


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Year Wise Administrative Salaries:

Sr. No. Designation No. of Employees2008 2009

1 Managing Director 1 180,000 198,000

2 Accountant 1 78,000 85,800

3 Clerk 3 162,000 178,200

4 Cahier 1 48,000 52,800

5 Chowkidar/Godown Keeper 2 72,000 79,200

6 Peon/Sweeper 2 72,000 79,200

Total 10 612,000 673,200

Add: Fringe Benefits @ 40% 244,800 269,280Total Administrative Salaries per Year 856,800 942,480

General Expenses:

Sr. No. Description

1 Travelling Expenses 100,000 110,000

2 Printing & Stationary 20,000 22,000

3 Telephone, Telex, Postage 250,000 275,000

4 Rents, Rates and Taxes 250,000 275,000

5 Entertainment 20,000 22,000

6 Legal & Audit 100,000 110,000

7 Miscellaneous 15,000 16,500

Total 755,000 830,500


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2010 2011 2012

Cost in Rupees

216,000 234,000 252,000

93,600 101,400 109,200

194,400 210,600 226,800

57,600 62,400 67,200

86,400 93,600 100,800

86,400 93,600 100,800

734,400 795,600 856,800

293,760 318,240 342,7201,028,160 1,113,840 1,199,520

Cost in Rupees

120,000 130,000 140,000

24,000 26,000 28,000

300,000 325,000 350,000

300,000 325,000 350,000

24,000 26,000 28,000

120,000 130,000 140,000

18,000 19,500 21,000

906,000 981,500 1,057,000


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Initial Net Working Capital Requirement

Description Rupees

A. Current Assets:

1 Inventories:

a) Raw Material 20 Days Requirement:

12,600,000

945,000

12,648,317

541,800

Total Cost of Inventory 26,735,117

2 Advances and Deposits 270,900

3 Accounts Receivables (3% of Sales) 7,405,182

4 Cash 1% of Amount withdrawn from Bank for Inventory 200,513

Total Current Assets 34,611,712

5 Possible Current Liabilities:

B. 20,051,338

Net Initial Working Capital 14,560,375

I) Cotton Seed

II) Caustic Soda

b) Finished Goods

c) Spares & Stores

Less: Bank Borrowing 75% of Inventories


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Depreciation Schedule of Fixed Assets:

Sr. No. Description Total Cost (Rs.) Depreciation (Rs.)

1 Plant & Machinery 2,923,800 219,285

2 Building 10,871,847 362,395

3 Vehicles 6,270,000 470,250

4 Furniture & Fixture 65,000 10,400

5 Office Equipment 60,000 9,600

6 Other Fixed Assets 50,000 8,000

Total Depreciation Cost 20,240,647 1,079,930


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Year Wise Depreciation:

Description

Years

2008 2009 2010 2011 2012

Cost in Rupees

Depreciation 1,079,930 1,079,930 1,079,930 1,079,930 1,079,930


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Pre-Production Expenses:Description

Registration Charges

Sales Tax Registration Charges

Consultancy & Report Preparation Charges

Total Preprodction Expenses


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Amount in Rupees

45,000

20,000

50,000

115,000


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Estimated Cash Flow Statem

End of Construction 2008

Sources of Funds:

Operating Profit -

Add: Depreciation -

Total Funds from Operation -

Other Sources

Long Term Loans 38,397,297

Bank borrowings 500,000

Paid_ Up Capital 25,598,198

Total sources of funds 64,495,494

Application Of Funds:

Investment in fixed assets 46,740,647

Financial Charges During Construction 2,579,473

Pre-Production Expenses 115,000

Repayment of:

Long term loan -

Bank borrowings -

Financial Charges On:

Long Term Loans -

Bank Borrowings -

Payment Of:

Taxes

Worker's Fund

Short Term Investment -

Increase in current assets other than cash 14,357,700

Total Application of funds 63,792,820

Cash Surplus 702,675

Cash at beginning of year -

Cash at end of year 702,675


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ent

2009 2010 2011 2012


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Estimated Balance Sheet

End of construction 2008 2009

Assets:Current Assets

Cash 702,675

Short term Investment -

Accounts Receivable -

Inventories:

Raw material 13,545,000

Finished goods -

Stores&spares 541,800

Advances deposits 270,900

Total Current Assets 15,060,375

Fixed Assets

Fixed Assets at cost 49,320,120

Less Acc: Depreciation -

Net fixed Assets 49,320,120

Intangibles 115,000

Total Assets 64,495,494

Liabilities And Equity

Current Liabilities:

Bank borrowings 500,000

Taxes payable -

Worker's fund payable -

Current Maturity of long term debt -

Total Current Liabilities 500,000

Long Term Debt:

Long term loan 38,397,297

Total long term debt 38,397,297

Equity

Paid up capital 25,598,198

Retained earnings -

Total equity 25,598,198

Total Liabilities & Equity 64,495,494


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2010


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Estimated Income Statement

2008 2009 2010

Sales 246839400Less cost of sale

Raw material 243810000

Labour 2637600

Factory overheads 6518736

Depreciation 1079930

Total cost of manufacturing ###

Inventory Adjustment ###

Cost of Sale ###

Gross Profit ###

Operating Expenses

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