DPR and status report of a society in Assam for cluster development of Agarbatti and Banana fibre extraction - manufacturing, processing unit and market linkages for a bank loan and government assistance under Khadi Agarbatti Aatmanirbhar Mission (KAAM)

1. CONTENTS OF THE REPORT
Details of Society
Project Details
Title of Project: Setting up Industry cluster of an Agarbatti manufacturing & packaging unit and
Banana fiber extraction & weaving unit in Morigaon, Assam
Location, details of Cluster and Beneficiaries
Introduction
Agarbatti
Background of Agarbatti Industry
SWOT and Need Gap Analysis
Market Analysis
Incense sticks market at a glance in India
Status of incense sticks market in India
Market size of Indian incense sticks
Business Model Canvas for Agarbatti Manufacturing unit
Objectives and Activities to be taken up
Market Linkages
Banana Fiber
Background of Banana Fiber Extraction and Weaving industry
SWOT and Need Gap Analysis
Market Analysis
Growth Drivers of Banana Fiber Extraction and Weaving industry
Business Model Canvas for Banana Fiber Extraction & Weaving unit
Objectives and Activities to be taken up
Market Linkages
Risk Assessment and Management
Agarbatti Manufacturing Unit
Banana Fiber Extraction and Weaving industry
Financials
Capital Expenditure
Working Capital
Total Initial Investment
Annual Sales
For Agarbatti Unit
For Banana Fiber Unit
Source of Finance
Cost of production per annum
Debt service coverage ratio (DSCR) and Internal rate of return (IRR)
Repayment Schedule
Annexure - Depreciation Calculation
Annexure - Profit and Loss Account
Annexure - Balance Sheet
Annexure - Wages and Salaries

2. I. Details of Society
A. Name of the Organization: ​Pachim Nagaon Multipurpose Cooperative Society
Ltd.,
B. Name of President & Secretary: ​Smt. Bhagyawati Manta (President) and Smt.
Debika Bora Nath (Secretary)
C. Full address of Headquarter of Organization with PIN code: ​Vill Pachim Nagaon,
P.O-PS Jagi Road, District - Morigaon
D. Contact Details: ​7889371051 / 7896232514
E. Email ID: ​pachimnagaonmpcltd@gmail.com
F. Name of Act under which to be registered: The Assam Cooperative Societies Act,
2007

3. II. Project Details
1. Title of Project: Setting up Industry cluster of an
Agarbatti manufacturing & packaging unit and Banana
fiber extraction & weaving unit in Morigaon, Assam
2. Location, details of Cluster and Beneficiaries
Sl. No Particulars Details
1 Implementing Agency Pachim Nagaon Multipurpose
Cooperative Society Ltd
2 Address & Contact Details Vill Pachim Nagaon, P.O-PS Jagi
Road, District - Morigaon
3 Cluster products Processed Agarbatti, Banana Fiber,
Yarn and other associated products
4 Project Cost (​₹​ In lakhs) (WC for 12 months)
CE WC* Total Sanctioned Released Utilized
19.9 84.96 104.86 0 0 0
5 Cluster Details
a. No of CFC 1
b. Land Availability Yes
c. Constructed Area 3500 sq. mtrs.
d. Location Village Paschim Nagaon
e. Machinery Installed in CFC
i) Agarbatti Machine 7 Units
ii) Raw Batti Dryer 2 Units

4. iii) Pre Mixer Machine 1 Units
iv) Double Type Ext Machine 3 Units
v) Wooden Weaving 8 Units
6 Artisan’s empowerment: No. of artisans/manpower to be benefited
i) Artisans benefited 10 (Male: 4; Female: 6)
ii) Machinery Manpower 23 (Male: 10; Female: 13)
iii) Other Manpower (Packaging,
Sorting etc.,)
28 (Male: 11; Female: 17)
iv) Total Manpower involved 10 + 23 + 28 = 61
7 Self Help Groups
a. No. of SHG formed 1
b. No. of SHG registered 1
c. No. of SHG tie up bank 1
8 Production
i) Annual Production - Agarbatti 1.05 Lakhs Kg
ii) Annual Production - Fiber 45,000 Kg
9 Sales
i) Annual Sales - Agarbatti ₹ 78.75 Lakhs
ii) Annual Sales - Banana Fiber ₹ 117.00 Lakhs

5. 3. Introduction
a. Agarbatti
i. Background of Agarbatti Industry
Agarbatti making is a traditional industry in India with a size of
around ₹7500 crore annual production with involvement of about 5
lakh people and export of about ₹750 crores. India is one of the
largest Agarbatti (incense sticks) producing countries which has
captured both domestic and foreign markets. India has a
leadership position in Agarbatti production and fulfils more than
half of the world’s incense sticks requirements. As on date,
Agarbattis are widely used not only in India but also in 90 different
foreign countries across the globe.
ii. SWOT and Need Gap Analysis
Strengths:
● Availability of abundant raw material
● Availability of local skill for making bamboo sticks
● Trade relations already with end user industry
● Low labour cost
● No substitute for bamboo sticks
Weakness:
● Industry in the control of a few traders
● Bargaining power of bamboo stick maker is low
● Lack of entrepreneurial talent to drive a local industry
Opportunities:
● Ever growing domestic market
● Introduction to mechanization for improving the productivity
● Initiatives of the Govt. for development of the sector
through various schemes
Threats:
● High Competition from China and Vietnam
● Change in Govt. policies

6. ● Shortage of raw material of bamboo, high volume of import
from other countries even though India is the largest
bamboo producer
iii. Market Analysis
Incense sticks market at a glance in India
In India, there is a high demand and utilization of incense sticks
from ancient times only due to its religious values. The foremost
utilization purpose for incense sticks in India is for religious
purposes, especially in all the rituals and ceremonies. India is one
of the largest manufacturers and exporters of incense sticks
leaving behind the USA and Brazil. The importance of incense
sticks is rapidly increasing due to which it has drawn the attention
of the Indian government much recently by the launch of the khadi
agarbatti aatmanirbhar mission (KAAM) in September 2020. In
India generally two-three incense sticks are burned during
worshipping while African country like Nigeria lights up ten or more
than ten incense sticks at a time. The founding of the incense
sticks industry is totally based on the factors such as availability of
the raw materials for incense sticks like fragrance, bamboo, and
cheap labor.
Status of incense sticks market in India
Incense sticks is a fast moving consumer goods (FMCG) item with
a good shelf-life and is one of the rapidly growing industrial
sectors of India. The entire business is shared in between joint
operations of farmers, raw material providers, manufacturers, local
and international traders, retailers and customers India has a
leadership status in incense sticks production, fulfilling a
substantial proportion of the world's necessities. The growth of
incense sticks manufacturing and trade in India plays a substantial
role in attracting domestic and foreign markets. The interest for
incense sticks is increasing in local as well as international
markets which is mainly due to the continuous improvement in
quality and increase in product types. Owing to this, the
administrations at national and state levels exploit this industry for
masking their destitution projects. The purchasing limits of
individuals grabbed the eyes of makers, due to which low-quality
incense sticks brands have attacked the business sector to suit

7. the distinctive social requirements. Currently, the incense sticks
business assumes a critical role in India's rural economy, giving
employment to a vast number of the provincial rural population
especially women.
Market size of Indian incense sticks
The Indian incense sticks market is growing at a CAGR of 15%, it
is expected to grow exponentially reaching ₹12,000 crores in the
upcoming three years by 2023. Indian incense sticks provide jobs
to nearly 20 lakh people across India which includes 80% women
alone. According to All India Agarbatti Manufacturers Association
(AIMA) incense sticks have yearly turnover of about ₹2,000 crores
with 20% growth rate on an annual basis. There is utilization of
around 3-4 million tonnes of incense sticks alone in India and
comprises 70% utilization of the world. Currently, the Indian
incense sticks utilizes bamboos for manufacturing incense sticks
around 35,000 mts/annum. India's population growth has given an
expected market size of ₹12,000-15,000 crores by 2023-25.
iv. Business Model Canvas for Agarbatti Manufacturing unit
● Customer Segments:​ End users of Agarbatti, Households,
Temple Authorities, Hotels, Restaurants and Spas, etc.,
● Customer Relationships:​ Personal networking, Distributors,
Traders and Retailers
● Value Proposition:
a. Customized sticks with respect to size as per
industry specifications
b. High quality polished round sticks with respect to
thickness, moisture content and scent
c. Competitive price
● Key Activities:​ Establishment of production unit,
Procurement of Machinery, Packaging unit, Branding,
Selling through vendors and retailers
● Key Partners:​ Supplier of bamboo and other raw materials,
supplier of machinery, Logistics partners, Distributors,
Traders, E-commerce and Financial institutions
● Key Resources:
a. Physical: Land, machinery, raw materials
b. Manpower: Members of the society, labours
c. Financials: Share capital, Loan

8. ● Channels:​ Society shall reach the customers directly via
retailers, vendors and traders or through e-commerce
websites.
● Cost Structure:​ The most important cost inherent in the
model is infrastructure development, machinery and labour
which has been shown in the financials
● Revenue Streams:​ ​Shown in the financials
v. Objectives and Activities to be taken up
Objectives:
● Creation of sustainable livelihood
● Job Creation
● Manufacture 8750 kg of Raw Agarbatti in a month and
around 1.05 Lakhs kg annually
Activities:
● Civil construction for shed, warehouse and office
● Procurement of machinery and raw materials
● Processing and packaging unit
● Manufacturing Raw Agarbatti
● Marketing linkages and sales
vi. Market Linkages
Type of various market linkages which would be explored and
implemented for sales of the agarbatti are as follows:
● Artisans to domestic trader
● Artisans to retailer and supermarkets
● Artisans linkages with Corporates
● Artisans to exporter
● Artisans to consumers
● Artisans to e-commerce

9. b. Banana Fiber
i. Background of Banana Fiber Extraction and Weaving
industry
Banana Fiber is eco friendly like jute Fiber. The technology of
banana Fiber extraction has been developed in South India where
a good number of banana Fiber extraction units have been
running very successfully. Some firms are exporting the banana
Fiber products.
Banana growing states of N.E.Region have adopted the
technology from the South and started production of banana Fiber
and fabric. This can create a lot of employment opportunities for
almost all age groups. The banana Fiber is being used for
weaving of clothes, for making Papers, handicraft items etc.
Banana fiber extraction process involves mechanical as well as
automated mechanical extraction technique. Initially the banana
plant sections were cut from the main stem of the plant and then
rolled lightly to remove the excess moisture and impurities. A
machine consisting of two horizontal beams is used for the
extraction process to avoid Fiber breaking. These Fibers are then
labelled and made ready for the lamination process. After
extraction of Fiber, weaving is done in the looms as per normal
process like any other material.
ii. SWOT and Need Gap Analysis
Strengths:
● Raw material is already available with the society and
moreover it is readily available at the location
● Peoples are now a days moving to the natural Fiber
products instead of synthetic Fibers
● Doesn’t requires high level of machinery installations and
man power
● Low cost, user-friendly machines can extract 15-20 kg
Fibers from the banana pseudostem in a day compared to
500 gm through the laborious manual process

10. Weakness:
● Though banana Fiber extractors have been designed and
developed at various parts of the country over the years,
no where the quality matches the desirable properties of
textile grade Fiber like fineness, strength etc., to get fine
quality yarn
● Products manufactured in starting will be marketed only in
local area, not outside
Opportunities:
● The Fibers obtained from these extractors differ in quality
posing problems to the processor. Hence, there is a great
scope in developing an efficient extractor for getting good
quality Fiber for textile use.
Threats:
● Non availability of suitable market
● Competition from other natural Fiber products
iii. Market Analysis
Growth Drivers of Banana Fiber Extraction and Weaving industry
A. Fueling demand for eco-friendly clothing in developed
countries like Europe, USA and Canada and rise in per
capita requirement of textile/garments
B. Growing affinity towards eco friendly fabric over synthetic
fabric in hot and humid, tropical and subtropical climates,
thereby boosting the demand for Banana Fiber
C. Provisions under the multi-fiber agreement in the WTO
regime, to boost the use of natural Fibers in global textile
industries for various applications
D. The raw materials involved are mostly waste products and
hence gives cost competitive advantage fueling growth of
this product
E. Indian textile industry has grown at a much higher rate
than global textile industry, reason for the same is growing
domestic demand and increasing exports
F. Increasing demand of blended cotton, share of blended
cotton was 15.8% of the total fabric produced in 2015
G. In 2012, India ranked #1 in banana production, One out of
every four bananas in the world, comes from India.

11. iv. Business Model Canvas for Banana Fiber Extraction &
Weaving unit
● Customer Segments:​ Textile manufacturers, Paper
Manufacturers, End users for cloth, bags etc,,
● Customer Relationships:​ Personal networking, Distributors,
Traders and Retailers
● Value Proposition:
a. Banana fiber as per industry specifications
b. High quality banana yarn and other products like
bags, paper, etc.,
c. Competitive price
● Key Activities:​ Establishment of production unit,
Procurement of Machinery, Packaging unit, Branding,
Selling through vendors and retailers
● Key Partners:​ Supplier of banana and other raw materials,
supplier of machinery, Logistics partners and Financial
institutions
● Key Resources:
a. Physical: Land, machinery, raw materials
b. Manpower: Members of the society, labours
c. Financials: Share capital, Loan
● Channels:​ Society shall reach the customers directly via
retailers, vendors and traders or through e-commerce
websites.
● Cost Structure:​ The most important cost inherent in the
model is infrastructure development, machinery and labour
which has been shown in the financials
● Revenue Streams:​ ​Shown in the financials
v. Objectives and Activities to be taken up
Objectives:
● Creation of sustainable livelihood
● Job Creation
● Manufacture 3750 kg of banana fiber in a month and
around 45,000 kg annually
Activities:
● Procurement of machinery and raw materials
● Processing and packaging unit
● Manufacturing Banana fiber

12. ● Marketing linkages and sales
vi. Market Linkages
Type of various market linkages which would be explored and
implemented for sales of the banana Fiber & other associated
products are as follows:
● Artisans to domestic trader
● Artisans to retailer and supermarkets
● Artisans linkages with Corporates (textile manufacturers)
● Artisans to exporter
● Artisans to consumers direct
● Artisans to E-commerce

13. 4. Risk Assessment and Management
Agarbatti Manufacturing Unit
Risks identified in this project are as follows:
Operational Risk
Though the members know the process of stick making and have been trained
for mechanized stick production, however moving to mechanized process can
cause hindrances in usage due to lack of technical know-how. This is a
mechanized unit and there is a risk of breakdown of machines. Further,
inexperience of members in handling a business activity and maintenance of
accounts can become a hurdle. Though the unit is mechanized, the production
process is labour intensive and non-availability of labour can be a risk for the unit.
Systemic risk
Only raw material for bamboo stick is a bamboo and the population of most
commonly used bamboo for stick making i.e. Muli bamboo (M. baccifera) is
decreasing due to its gregarious flowering.
Market risk
Though there is a huge market for bamboo sticks, the market is highly
competitive. The unit shall strive to revamp its marketing strategies considering
the pricing and market linkages. Also to reduce the risk of producing a single
product to the market, diverse market opportunities in various stick products shall
be explored.
Change in Govt. policy
Any change on import policy for bamboo sticks may impact the local stick
industry and the industry has to bear this risk.
Liquidity Risk
Agarbatti industry is a highly unorganized market and involves many small
players and timely receipt of payment for sticks can be a problem.

14. Banana Fiber Extraction and Weaving industry
Risks identified in this project is as follows:
Production Risk
Banana is a seasonal agricultural product and that too depends on vagaries of
the environmental factors such as rain, bad weather etc. For continuous supply of
raw material, managing such risks is very important. The raw material is primarily
procured from grower members however; other backward linkages are also well
established in case of shortages of raw material. Also in lean periods prices may
soar high for the raw material so well established contacts with suppliers will help
in procuring raw material at a reasonable rate.
Quality of final product, i.e. mats, hand bags, basket etc. Need to be of good
quality. Hence, the latest machinery is being procured and also proper training is
proposed to be provided to the workers to get better marketable final products.

15. III. Financials
1. Capital Expenditure
Sl. No Particulars Amount (​₹​ in Lakh)
1. Site preparation 1.50 Lakhs
2. Sheds 2.00 Lakhs
3. Office 0.50 Lakhs
4. Godowns 0.50 Lakhs
5. Misc (water supply, electrification,
furnitures & fixtures)
0.50 Lakhs
I For Agarbatti Unit
a. Agarbatti Machine 7 units * 1.1 L = 7.7 Lakhs
b. Raw Batti Dryer 2 units * 0.6 L = 1.2 Lakhs
c. Premix Mixer Machine 1 unit * 0.4 L = 0.4 Lakhs
II For Banana Fiber Unit
a. Double Type Ext Machine 3 units * 1.5 L = 4.4 Lakhs
b. Wooden Weaving 8 units * .15 L = 1.2 Lakhs
Total 19.9 Lakhs

16. 2. Working Capital
Assume that the unit runs for 25 days for 12 months in a year. Requirement of
working capital at 100% capacity utilization is as follows per month:
Sl. No Particulars Details Amount
I For Agarbatti Unit
1. Raw Materials - Bamboo Stick 1 kg = ₹ 130/- Per day: 77kg
(₹ 10010 * 25 days)
₹ 2,50,250
2. Raw Materials - Premix Powder 1 kg = ₹ 40 Per day: 38kg
₹ 1520 (1520 * 25 days)
₹ 38,000
3. Labour - 15 in total
Male 4 and Females 11
Per day 200 * 15 = 3000
(3000 * 25 days)
₹ 75,000
4. Processing, Packaging and
Transportation of sticks
@ ₹5 per kg * 8750 kg/
month, (350kg/day * 25 days)
₹ 43,750
II For Banana Fiber Unit
5. Raw Material - Banana Tree - ₹ 5
per unit (6 unit trees - 1 kg fiber)
₹ 30 * 150kg/day * 25 days ₹ 1,12,500
6. Labour - 8 in total
Male 6 and Females 2
Per day ₹200 * 8 = 1600
(₹1600 * 25 days)
₹ 40,000
7. Packaging and Transportation of
fiber
@ ₹ 5 per kg * 3750 kg/
month, (150kg/day * 25 days)
₹ 18,750
III Power for unit and general lighting - ₹ 5,000
IV Other Expenses - ₹ 5,000
V Salary Component - ₹ 1,20,000
Total WC for 1 month ₹ 7,08,250
Total Working Capital for 12 months = ​7.08 Lakhs * 12 months ₹ 84.96 Lakhs

17. a. Total Initial Investment
b. Annual Sales
Raw Agarbatti Price ​₹ 75 - 80/- per kg​ and Banana Fiber Price ₹ ​260/- per kg
I. For Agarbatti Unit
(Amount in ₹ Lakh)
Particulars Amount (₹ Lakh)
Capital Cost 19.90
Working capital for 1 month 7.08
Total 26.98
Particulars Amount (₹ Lakh)
Capital Cost 19.90
Working capital for 2 month 14.16
Total 34.06
Particulars Amount (₹ Lakh)
Capital Cost 19.90
Working capital for 12 month 84.96
Total 104.86
Year I II III IV V
Total sticks produced
(8750kg * 12months)
1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Annual Sales
@₹​75​/kg
₹78.75 ₹78.75 ₹78.75 ₹78.75 ₹78.75
Profit before Tax 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg

18. II. For Banana Fiber Unit
(Amount in ₹ Lakh)
c. Source of Finance
d. Cost of production per annum
(Amount in ₹ Lakh)
Provision for tax ₹78.75 ₹78.75 ₹78.75 ₹78.75 ₹78.75
Profit after tax 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Year I II III IV V
Quantity of banana
Fiber (3750kg * 12
months)
45,000 kg 45,000 kg 45,000 kg 45,000 kg 45,000 kg
Annual Sales @₹​260​/kg ₹117.00 ₹117.00 ₹117.00 ₹117.00 ₹117.00
Profit before Tax 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Provision for tax ₹78.75 ₹78.75 ₹78.75 ₹78.75 ₹78.75
Profit after tax 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Particulars Amount (₹ Lakh)
Contribution by the society 1.05 L kg
Loan @ ​12​% ₹78.75
Assistance (Govt. Schemes) 1.05 L kg
Total ₹78.75
Year I II III IV V
Recurring cost per
annum
1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg

19. e. Debt service coverage ratio (DSCR) and Internal rate of
return (IRR)
(Amount in ₹ Lakh)
IRR: ​₹78.75₹78.75₹78.75₹78.75₹78.75
₹78.75₹78.75₹78.75₹78.75
₹78.75₹78.75₹78.75
f. Repayment Schedule
(Amount in ₹ Lakh)
Depreciation ₹78.75 ₹78.75 ₹78.75 ₹78.75 ₹78.75
Annual interest on term
loan @ ​12​%
1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Total ₹78.75 ₹78.75 ₹78.75 ₹78.75 ₹78.75
Year I II III IV V
Cash accrual (PAT &
Depreciation + Interest
on Term Loan TL)
1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Interest on TL +
Installment of TL
₹78.75 ₹78.75 ₹78.75 ₹78.75 ₹78.75
Annual interest on term
loan @ ​12​%
1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
DSCR ₹78.75 ₹78.75 ₹78.75 ₹78.75 ₹78.75
Average DSCR ₹78.75
Year Outstanding
Principal
Annual repayment
of principal
Annual interest @
12​%
Total repayment
1st Year 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
2nd Year 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
3rd Year 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
4th Year 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg

20. Annexure - Depreciation Calculation
Depreciation is calculated as follows by using Written Down Value (WDV) method.
(Amount in ₹ Lakh)
5th Year 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Year I II III IV V
Depreciation on building @
10%
1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Depreciation on machinery
& furniture/fixtures @ 20%
1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Total 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg

21. Annexure - Profit and Loss Account
Projected Profit and Loss Account of this Unit is as follows:
(Amount in ₹ Lakh)
Year I II III IV V
Sales 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Cost 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Gross Profit (A) 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Operating Expenses
Salary 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Raw Materials 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Utilities 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Interest 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Depreciation 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Other Expenses 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Total Expenses (B) 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Net Profit Before Taxes
(A - B)
1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
Tax 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg
PAT 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg 1.05 L kg

22. Annexure - Balance Sheet
Projected Balance sheet of this Unit is as follows:
(Amount in ₹ Lakh)
Year I II III IV V
Assets
Fixed Assets
Machinery & equipment .05 L .05 L .05 L .05 L .05 L
Furniture & fixtures .05 L .05 L .05 L .05 L .05 L
Land .05 L .05 L .05 L .05 L .05 L
Building .05 L .05 L .05 L .05 L .05 L
(LESS accumulated depreciation on all
fixed assets)
.05 L .05 L .05 L .05 L .05 L
Total Fixed Assets .05 L .05 L .05 L .05 L .05 L
Current Assets
Cash in bank .05 L .05 L .05 L .05 L .05 L
Accounts receivable .05 L .05 L .05 L .05 L .05 L
Deposits .05 L .05 L .05 L .05 L .05 L
Inventory .05 L .05 L .05 L .05 L .05 L
Total Current Assets .05 L .05 L .05 L .05 L .05 L
Others (pre-operative) .05 L .05 L .05 L .05 L .05 L
Total Assets .05 L .05 L .05 L .05 L .05 L
Liabilities
Owners' Equity
Invested capital .05 L .05 L .05 L .05 L .05 L
Net Profit .05 L .05 L .05 L .05 L .05 L

23. Total Owners' Equity .05 L .05 L .05 L .05 L .05 L
Long Term Liabilities
Bank loans payable .05 L .05 L .05 L .05 L .05 L
Total Long-term Liabilities .05 L .05 L .05 L .05 L .05 L
Current Liabilities
Accounts payable .05 L .05 L .05 L .05 L .05 L
Interest payable .05 L .05 L .05 L .05 L .05 L
Taxes payable .05 L .05 L .05 L .05 L .05 L
Total Current Liabilities .05 L .05 L .05 L .05 L .05 L
TOTAL OWNER'S EQUITY AND
LIABILITIES
.05 L .05 L .05 L .05 L .05 L

24. Annexure - Wages and Salaries
Sl. No Category No. ₹ per month
Salaried Employees
1. Production Manager cum Accountant 1 .05 L
2. Technical person for upkeep/maintenance
of machines
2 .05 L
3. Office Boy 1 .05 L
Total .05 L
Daily workers
4. Labours for operating machines, sorting
and packaging
15 .05 L