Garments Accessories Pre-Investment Feasibility Report

Sena Accessories Ltd.
Executive Summary
1. Name of the project:
SENA ACCESSORIES LIMITED.
2. Location of the project:

Office:
House # 07, Road # 01,
Section # 07, Arambagh ,
Rupnagar R/A, Mirpur, Dhaka.
Factory:
Gouripur, Ashulia,
Savar, Dhaka.
3. Citation:
The proposal envisages setting up a100% export oriented garments accessories industry. It will be situated
at Gouripur, Ashulia, Savar, Dhaka.
With a view to setting up a100% export oriented garments accessories industry, down to satisfy the
demand of the readymade garments industry. The project will be equipped modern technology with
temperature controlled and supported by a mechanized back processing unit to produce garments
accessories. This approach results, production of Elastic, Poly Bag and Gum Tape.
Rated annual production of garments accessories based on one shifts of operation in a day, 8 (eight)
hours a shift and 300 working days in a year, here is given below-
This level of production based on the 100% rated production capacity and production at capacity
utilization at the rated 1st year 65% , 2nd Year 70% and 75% rated production capacity. Below shown the
data at a glance-
Rated production capacity at 100% Garments Accessories production at capacity utilization

65% 70% 75%
Name Daily Annual Daily Annual Daily Annual Daily Annual
Jacquard Elastic 1,500 450,000 975 292,500 1,050 315,000 1,125 337,500
13,00 3,900,00
Needle Elastic 20,000 6,000,000 14,000 4,200,000 15,000 4,500,000
0 0
Poly Bag (PP) 1,632 489,600 1,060 318,240 1,142 342,720 1,224 367,200
Poly Bag (LDPE) 3,723 1,116,900 2,419 725,985 2,606 781,830 2,792 837,675
Poly Bag (HDPE) 992 297,840 645 193,596 694 208,488 744 223,380
Gum Tape 1124 337260 731 125,837 786 236,082 843 145,197
This project is proposed for production of Jacquard Elastic 450000 Yds, Needle Elastic 6000000 Yds,
Poly Bags (PP) 489600 Kg, Poly Bags (LDPE) 1116900 Kg, Poly Bags (HDPE) 297840 Kg, and Gum
Tape 337260 Kg.
Page 1 of 64
4. Investment and Means of Finance:
The total fixed cost of the project is Tk. 160,635,000.00 this includes the cost of land, land development,
plant machinery, civil construction, and other ancillary construction, equipment costs and excluding IDCP
& working capital.
Here we presuppose a 47:53 debt-equity ratio, the amount of debt finance is Tk. 85,136,550.00and Tk.
75,498,450.00 as equity. The foreign currency component of the investment is Tk. 77,600,000.00 and
local currency requirement is Tk. 83,035,000.00 IDCP is estimated on the subject of Tk. 9,365,021.00
5. Industrial Classification:
Since the total cost of the project is Tk. 160,635,000.00 (Excluding IDCP) and the project will take up
106 people, it will be treated as a medium scale industry as per the Industrial Policy, 2010 of the Govt.
6. Promoters:
The sponsors as well as promoters formed a company namely Sena Accessories Ltd. and subsequently
registered the company with the Register of Joint Stock Companies and Firms, Govt. of Bangladesh as a
private limited company. There are two directors and they have been constituted with the founder
sponsors as per the following-
Page 2 of 64
Details of Sponsoring Directors

SL Name of the Education Nationality Experience in trade Address Proposed % of
No. Sponsors/Promoters & commerce Status in Share
Residence Head Office and the
Factory Office company
1 2 3 4 5 6 7 8 9
Present Address: Corporate Office:
NoorjahanAkther House # 07, Road # 01, House # 07, Road # 01,
Sumi A Dynamic Business Section # 07, Arambagh , Section # 07, Arambagh ,
Fathers Name: professional having Rupnagar R/A, Mirpur, Rupnagar R/A, Mirpur,
Noor Mohammad, Dhaka. Dhaka.
experience in
01. Mothers Name: H.S.C Bangladeshi Chairman 20%
garments accessories
Somiron manufacturing
Date of Birth: Permanent Address: Factory Address:
process. Vill: Ramnagar, P.O: Gouripur, Ashulia,
12.04.1980
Kunjonagar, P.S: Savar, Dhaka.
NID: 2696406722738
Nagarknadah, Faridpur
Mohammad
A Dynamic Business Present Address: Corporate Office:
Akhteruzzaman professional having House # 07, Road # 01, House # 07, Road # 01,
Fathers Name: experience in Section # 07, Arambagh , Section # 07, Arambagh ,
SK. Md. Suna Ullah garments accessories Rupnagar R/A, Mirpur, Rupnagar R/A, Mirpur,
Mothers Name: M.A Dhaka. Dhaka.
02. Bangladeshi manufacturing Managing 80%
Mazeda Khatun (FirstClass) process.
Permanent Address: Director
Date of Birth: Factory Address:
Also involve with the Vill: Ramnagar, P.O: Gouripur, Ashulia,
01.12.1973
garments accessories Kunjonagar, P.S: Savar, Dhaka.
NID: 2696406722737
trading business. Nagarknadah, Faridpur
Page 3 of 64
It will appear from the preceding Para that the sponsors are experienced in garments accessories
manufacturing business. Managing Director of the company is doing garments accessories trading
businesses since 2012. So, ultimately they have achieved management experiences of manufacturing and
trading in the context of garments accessories business. Hence, their experiences in the existing trades
will be helpful for running the proposed modern garments accessories manufacturing industry. Therefore,
they are well qualified to implement and operate the proposed project without any hindrance.
7. Land and Location:
The project will be located on 15.00 Decimal of land at Gouripur, Ashulia, Savar, Dhaka.The whole land
has been selected is at one with. Thus the site of the land is well situated with good communication by
road. Water supply will be met up by a deep tube well for the project area which will be sunk/ installed on
the ground near the plant. Power/electricity facilities of Power Station Company lie near the proposed
land. Total Land area is 15.00 Decimal, Land value is BDT 2,25,00,000.00 including land development
cost.
8. Buildings and Civil works:
The civil constructions of the proposed project have been made in 2014. Total value for the Building and
civil works stands Tk. 15,000,000.00.
9. Plant and Machinery:
A. Imported Machinery:
Plant and machinery will be imported from China. The total C & F expenditure of the machineries along
with cost of oceanic transportation will be Tk. 77,600,000.00 Miscellaneous local cost for these
machineries will be Tk. 5,432,000.00
B. Local Machinery:
Some capital machinery & other equipments will also be procured locally. Estimated cost for these is Tk.
14,000,000.00
10. Economic Aspects:
A. Employment Generation : 106 persons
11. Financial Analysis:
11.01 Cost of the project : Tk. 160,635,000.00 (Excluding IDCP)
11.02 Means of Finance (excluding IDCP):
a. Debt: Tk. 85,136,550.00 (Excluding IDCP)
b. Equity: Tk. 75,498,450.00
Working Capital:
a. From Bank Tk. 31,500,000.00
b. Sponsor Tk. 13,500,000.00
11.03 Debt- Equity Ratios (%):

a. Term Loan: 53:47
Page 4 of 64
b. Working Capital: 70: 30
11.04 Profitability Ratio:

Profitability Ratio
Ratio First Year Second Year Third Year Forth Year
Percentage of Gross Profit = GP/Sale 21 % 25 % 23% 23%
Percentage of Net Profit Before Tax=
14 % 18 % 17% 18 %
NP/Sale
Percentage of Net Profit After Tax=
9% 12 % 11% 12%
NP/Sale
11.05 Debt- Service coverage Ratio:

Debt Service Coverage Ratio (Profit After Tax)
First Year Second Year Third Year Forth Year Fifth Year
41,728,409.0
Net Profit After Tax 25,610,759.00 38,109,610.00 35,516,259.00 40,981,408.00
0
103,597,708.0 72,606,336.0
Debt Service 133,994,082.00 118,795,895.00 88,399,521.00
0 0
Debt Coverage Ratio 19% 32% 34% 46% 57%
11.06 Pay Back Period of Project: 4.41 = 4 years 5 months approximately

11.07 Repayment Period of Debt: 7 years
11.08 Internal Rate of Return (Financial): 39%
12. Conclusion and Recommendations:
The indicators of the feasibility report indicate that the project is technically feasible, financially and
economically viable and may, therefore, be considered suitable for Banks financing.
Page 5 of 64
SECTION I
PROMOTERS, MANAGEMENT AND ORGANIZATION
1.1 Legal status of the Company:
The company has been formed and registered with the Registrar of Joint Stock Companies and Firms,
Govt. of Bangladesh as a private limited under the name Sena Accessories Ltd.. Actual capital
structure of the company will be evolved based on the sources of finance obtained from probable sources
as loan and equity. The authorized share capital of the company will be Tk. 1,00,00,000.00 (One crore)
divided into 1,00,000 (Three lac) ordinary shares of Tk. 100.00 (Taka One Hundred) each with power to
increase or reduce the capital and to divide the shares into different classes and to attach there, any special
right or privileges or conditions as regards dividends, repayment of capital voting or otherwise or to
consolidate or sub-divide the shares.
The qualification of a director shall be holding of shares in the company in his/her own name and no-one
else of at least 1000 ordinary shares of the nominal value of Tk. 1,00,000.00 (One Hundred Thousand)
each and not jointly with any other or others.
A board of directors has been constituted in the company with Bangladeshi sponsors as per the following:
Page 6 of 64
Status of the Sponsoring Directors

Proposed
Address
Sl Name of the Experience in trade Status in % of
Education Nationality
No. Sponsors & commerce Head Office and the Share
Residence
Factory company
1 2 3 4 5 6 7 8 9
Present Address: Corporate Office:
NoorjahanAkther House # 07, Road # 01, House # 07, Road # 01,
Sumi A Dynamic Business Section # 07, Arambagh , Section # 07, Arambagh ,
Fathers Name: professional having Rupnagar R/A, Mirpur, Rupnagar R/A, Mirpur,
Noor Mohammad, Dhaka. Dhaka.
experience in
01. Mothers Name: H.S.C Bangladeshi Chairman 20%
garments accessories
Somiron manufacturing
Date of Birth: Permanent Address: Factory Address:
process. Vill: Ramnagar, P.O: Gouripur, Ashulia,
12.04.1980
Kunjonagar, P.S: Savar, Dhaka.
NID: 2696406722738
Nagarknadah, Faridpur
Mohammad
A Dynamic Business Present Address: Corporate Office:
Akhteruzzaman professional having House # 07, Road # 01, House # 07, Road # 01,
Fathers Name: experience in Section # 07, Arambagh , Section # 07, Arambagh ,
SK. Md. Suna Ullah garments accessories Rupnagar R/A, Mirpur, Rupnagar R/A, Mirpur,
Mothers Name: M.A Dhaka. Dhaka.
02. Bangladeshi manufacturing Managing 80%
Mazeda Khatun (FirstClass) process.
Permanent Address: Director
Date of Birth: Factory Address:
Also involve with the Vill: Ramnagar, P.O: Gouripur, Ashulia,
01.12.1973
garments accessories Kunjonagar, P.S: Savar, Dhaka.
NID: 2696406722737
trading business. Nagarknadah, Faridpur
Page 7 of 64
It will appear from the preceding Para that the sponsors are experienced in garments accessories
manufacturing business. Managing Director of the company is doing garments accessories trading
businesses since 2012. So, ultimately they have achieved management experiences of manufacturing and
trading in the context of garments accessories business. Hence, their experiences in the existing trades
will be helpful for running the proposed modern garments accessories manufacturing industry. Therefore,
they are well qualified to implement and operate the proposed project without any hindrance.
1.2 Background and Experience of Sponsoring Directors:
The sponsors who will promote the proposed garments accessories industry are educated persons. They
possess necessary management capabilities and experiences achieved from presently running trade and
business concerns and also from long service experiences in the commercial firms respectively. A
description below will provide educational and trade & service background of each of the sponsoring
directors.
SL Name of the Experience in trade &

Education Business Affiliation
No. Sponsors commerce
1 2 3 4 5
a. Chairman (2014 to continue)
Gouripur, Ashulia, Savar, Dhaka.
b. Partner (Past Business)

A Dynamic Business
professional having Noor Printing.
NoorjhanAkhter
01 H.S.C experience in garments House # 07, Road # 01, Section # 07,
Sumi Arambagh , Rupnagar R/A, Mirpur,Dhaka.
accessories manufacturing
process.
c. Partner (Past Business)
Jahan Printing
House # 07, Road # 01, Section # 07,
Arambagh , Rupnagar R/A, Mirpur,Dhaka.
02. Mohammad M.A A Dynamic Business a. Managing Director (2014 to continue)

Akhteruzzaman (FirstClass) professional having Sena Accessories Ltd.
experience in garments
Gouripur, Ashulia, Savar, Dhaka.
accessories manufacturing
process.
b. Proprietor (2012 to continue)
Also involve with the Sena Trading Corporation
garments accessories House # 07, Road # 01, Section # 07,
trading business Arambagh , Rupnagar R/A, Mirpur,Dhaka.
c. Partner (Past Business)

Noor Printing.
d. Partner (Past Business)

Jahan Printing
Page 8 of 64
1.3Management and Organization:

Day to day affairs of the company will be looked after by the Managing Director of the company who
will be assisting by the chairman of the company and its officials. Manager (Operations) will be
answerable to the Managing Director for day to day functioning of the total industry.
Management Structure of the company at a glance:
1.4 Equity Mobilization:

Based on the estimated investment outlay of the project and means of finance as worked out in this
feasibility report, the equity capital comes to Tk. 75,498,450.00 The sponsors are capable to arrange the
equity capital from their existing business and also from their savings. The parcel of land designated for
the project, which is located at Gouripur, Ashulia, Savar, Dhaka.
Page 9 of 64
1.5 Debt Utilization:

Based on the investment cost as well as means of finance as worked out in this feasibility report, the debt
amount comes to Tk. 85,136,550.00 Working capital amount from bank is Tk. 31,500,000.00 and IDCP of
Tk. 9,365,021.00 The debt amount will be utilized for importing of capital machineries, miscellaneous
charges for imported machineries, purchase of machinery & equipments locally, other assets, vehicles,
preliminary and pre-operating cost, unforeseen cost, working capital, IDCP and etc.
1.6 Administrative and Operative Personnel:
i) Personnel Required for Factory:
The total operation of the project will require total 106 personnel, where manufacturing department
require 72 personnel, 55 direct workers and the rest of the 17 manpower are the support personnel for the
work activity.
ii) Administrative Personnel:
The total operation of the project will require total 106 personnel, where administrative unit will require
20 personnel.
iii) Administrative Personnel:
The total operation of the project will require total 106 personnel, where sales & marketing department
require 14 personnel.
Page 10 of 64
SECTION II
BRIEF DESCRIPTION OF THE PROPOSED PROJECT
2.1 Proposed project Product mix and Production capacity:
The proposal envisages setting up a100% export oriented garments accessories industry. It will be situated
at Gouripur, Ashulia, Savar, Dhaka. The project will be equipped with a complete range of balanced
machinery & equipment. The Main machinery has been proposed to be imported from China and Taiwan
along with local machinery. After implementation the project, it will create job opportunity for 106
persons of various grades and levels of the job. The project is expected to go into commercial operation
within 6 months from the date of opening L/C for importable machinery & equipment. The fixed cost of
the project has been estimated at Tk. 160,635,000.00
The product mix and annual production capacity of the project based on single shift in day eight hours per
shift and 300 working days in a year, depiction shown below-

65% 70% 75%
Jacquard Elastic 1,500 450,000 975 292,500 1,050 315,000 1,125 337,500
13,00 3,900,00
Needle Elastic 20,000 6,000,000 14,000 4,200,000 15,000 4,500,000
0 0
Poly Bag (PP) 1,632 489,600 1,060 318,240 1,142 342,720 1,224 367,200
Poly Bag (LDPE) 3,723 1,116,900 2,419 725,985 2,606 781,830 2,792 837,675
Poly Bag (HDPE) 992 297,840 645 193,596 694 208,488 744 223,380
Gum Tape 1124 337260 731 125,837 786 236,082 843 145,197
Tape 337260 Kg.
2.2 Land and Location:
The project has been proposed to be located at Gouripur, Ashulia, Savar, Dhaka. on a plot of land
measuring 15.00 decimals. The cost of 200 decimals land has been estimated at Tk. 22,500,000.00
including land development cost as per prevailing market price. The land is flood free, developed and all
infrastructural facilities like water, power, gas, road, drainage, labor, etc. are available at the project site.
So, the land is considered adequate and suitable for the proposed project.
Page 11 of 64
2.3 Building and other Civil Works:

Proposed project total covered area is more than 6500 sft. Where existing civil construction area covered
5200 sft. Within this 5200 sft. area, at preset screen print unit covered 2000 sft. But for the new
production line required 3200 sft area thats why screen print production line will be reduced from 2000
to 1000 sft. The covered area of the building has been considered adequate enough to accommodate all
types of machinery and equipment and to allow the working persons for easy movement during
production. Below shown the present scenario of the industry-
2. 4 Machinery and Equipment:

Importable:
The project will be equipped with complete range of balanced machinery & equipment to be imported
from China and India. The CNF price of importable machinery & equipment has been estimated at USD
1602500 equivalent to Tk. 1282 lakh.
Local Machinery & Equipment:
Page 12 of 64
In addition to importable machinery & equipment, the project requires some auxiliary machinery and
equipment which will be procured from local market. The cost of local machinery and equipment has
been estimated at Tk. 3356 lakh.
Erection & Installation:
The erection & installation of machinery and equipment of auto rice mill is not very complicated and
therefore it will be done by the local engineers, technicians & other workers. The erection & installation
cost has been considered at Tk. 75.00 lakh.
2.5 Raw Materials:
Poly dana for Poly bags production required to import thats why stock for the poly dana be maintained
for 20 days(as inventory) and 20 days (work in progress), so that the projects production is not
interrupted due to shortage of poly dana.
In the context of elastic production we can collect raw materials (rubber, nylon thread and polyester yarn)
from the local traders, sometimes its may require to import these items for the better quality.
Raw materials of Gum Tape namely Jumbo Roll required to import from the foreign country.
2.5 Utilities:
Power:
The project will require connected load. And maximum demand will be 150 KW. Required power will be
available from BPDB. Two diesel Generator of 300 KVA has been proposed to be procured to meet
emergency need during the time of power failure.
Generator:
The project will require one Generators and their capacity will be 300 KVA. It has been proposed to be
procured to meet emergency need during the time of power failure. It is assumed that the project will
obtain electricity for 6 hours including one hour in peak time from BPDB and for rest 1 hour it will
depend on its own diesel generator.
Water:
The project will require water for factory and domestic use. The required water will be available from
own deep tube well to be procured and sunk at the project premises.
Stores and Spares:
The project will require stores & Spares for the machinery and equipment @0.5%, 1.0%, 1.5%, 2.0% and
2.0% of its cost for 1st, 2nd, 3rd, and 4th year of operation respectively.
Repair and Maintenance:
The annual requirement of repair and maintenance for the machinery has been estimated at @0.5%, 1.0%,
1.5%, 2.0% and 2.0 % of its cost for 1st, 2nd, 3rd, 4th and 5th year of operation respectively. Repair &
maintenance cost of building has been estimated @0.50% per annum.
Safety Provision:
The project will have first aid arrangement and adequate firefighting equipment to fight against fire
hazards. The cost of which has been included in the cost of local machinery.
Page 13 of 64
Technical, Administrative Personnel & Laborers:

Total 106 personnel required for the total project.
2.6 Schedule of Implementation:
It is expected that the project will go into commercial production within 12 (twelve) months. Details
schedule of implementation is shown in below-
Description ESTIMATION IN MONTH

0 1st 2nd 3rd 4th 5th 6th 7th 8th 9th
Sanction of loan
Completion of legal
formalities

Land Development
Starting of Civil
Works

Disbursement of
Loan

Opening of L/C
Shipment of
Imported
Machinery
Arrival of
Machinery at port

Completion of Civil
Works

Arrival of
Machinery at site

Erection and
installation of
Machinery
Trial run of the
project
Commercial
operation will start
Page 14 of 64
SECTION III
TECHNICAL ASPECTS
3.1 Introduction:
The proposed project is running with its existing production line screen print. Now Sena accessories ltd.
want to extend its production line toward the elastic production, poly bags production and Gum tape with
a view to down to satisfy the readymade garments industry demand.
3.2 Poly Bag Production Process:
The production technique for each Plastic Poly bags bag is different but there is a simplified description
about Plastic Poly bags bag making process with 4 steps: material blending, extruding, printing, finishing.
1. Material Blending:
Polyethylene resin is mixed in a blending machine. Here, the resin will be mixed with some additives,
such as:
EPI, D2W (1-2%) to make the bag been degradable.

Anti-static (1%) to prevent the plastic layers from sticking together, especially to help thin LDPE
bag to be opened easier.
Master-batch (4-7%) to make the color film: black, white, yellow, red, blue.
Ultra-violet Inhibitor (UVI) to protect the plastic from ultra-violet radiation. This additive is very
useful in agricultural plastic cover.
2. Extruding:
After blending, the mixture will be treated into molten form at high temperature. It goes out at the shape
of a bubble full of cool air that comes from the air ring. This air stream helps to blow the bubble up &
cool down the plastic. The step is very important because it can affect the strength, thickness consistence
& transparency of the film. The bubble goes through cooling tower of 25 - 35 feet tall. At the top of the
tower, it is guided to be flattening gradually to form flat shape. The lay-flat film travels over a number of
rollers. With simple bag, it is often printed, sealed & perforated at the same time of extrusion. For
complicated bag, it will be moved to next steps in the shape of rolls.
3. Printing:
Depending on printing design, color numbers, the plastic bag can be treated by flexo- printing or gravure-
printing. With natural printing design, it is best to use gravure printing. For simple, small quantity & food
contact bag, it is better to use flexo-printing.
4. Finishing:
This process includes 3 main steps: cutting, sealing & folding. For different types of bags, they use
suitable cutting machines. In this step, side gussets, bottom gussets will be made. In this step, the heat
temperature, the speed of machine will decide the strength & the appearance of the seal. The cut-out part
of die cut bag, patch handle bag, t-shirt bag will be collected & recycled for Plastic Poly garbage bag. For
bags with handle: Clip loop Plastic Poly bags , Rigid Plastic Poly bags , Soft-loop Plastic Poly bags , they
have one more step of handling. With shopping square bottom bag, users also require cardboard to make
bag strong & in a good shape.
Page 15 of 64
3.3 Capital Machinery with Their Features:
i. LDPE Plastic Film extruding machine with winding station:
Model: LPE-65S
Features:
Second winding station
Rotating die device
Rotating air ring
Sizes: 1200mm
Power: 1.5 kw
Auto loader (3 phase)
Auto size controller
Water chiller (60000 BTU/hr)
ii. Automatic bottom sealed bag cutting & sealing machine with conveyor:
Model: FTA1
Features:
1 Photo cell
Servo motor system
Touch screen
Hanger sealing device
Burn sealing device
6mm hole punching device
Perforating device for easy tearing
Conveyor for collecting bag
Two lines
Triangle folder
iii. Automatic Rewinding machine:
Model: R -8020
Features:
Working width: 1300mm
Machine speed: 0-150M/min
Unwind diameter: Max 800mm
Rewind diameter: Max 180mm
Rewind paper core diameter: 76mm
Rewind motor (AC invrt): 3HP
Main driving motor: 5 HP
Control System: PLC
Page 16 of 64
Rewind press Roller: AC HP
iv. Narrow fabric weaving machine:
Model: V5MJ
Features:
Rewind motor (AC invrt): 3HP
Control System: PLC
v. Warp Knitting Machine:
Model: RD3.8
Features:
Rewind motor (AC invrt.): 3HP
Control System: PLC
vi. Warping machine for rigid yarn:
Model:
Features:
Cutting Diameter: 140mm
Paper core inside diameter: 76mm
Cutting system : Circular blade 250mm
Cutting width: Min. 3mm
Circular blade driver motor: AC inverter 2HP
Carriage driver motor: 5 HP
Page 17 of 64
Control system: SERVO motor

Control system: PLC
vii. Double bed raschel machine :
Model:
Features:
Control system: PLC
viii. Braiding machine:
Model:
Features:
Control system: PLC
ix. Cutting machine:
Model:
Features:
Page 18 of 64

Control system: PLC
ix. Automatic Cutting machine:
Model: C2 -140/3
Features:
Control system: PLC
Page 19 of 64
SECTION IV
PRODUCT, PRODUCTION CAPACITY AND COSTS
4.1 Product
The factory has been designed to produce garments accessories. Industry is able to produce Elastic, Poly
Bangs and Gum Tape along with the existing product namely screens print. All of these products will sale
to the readymade garments manufacturer.
4.2 Data Regarding Raw Materials:
Every year proposed project will process at 100% rate capacity Jacquard Elastic 450000 Yds, Needle
Elastic 6000000 Yds, Poly Bags (PP) 489600 Kg, Poly Bags (LDPE) 1116900 Kg, Poly Bags (HDPE)
297840 Kg, and Gum Tape 337260 Kg, here raw materials data shown based on 100% rated annual
production-
Production Name Name of Raw Materials Required Raw Materials

Rubber 6000 Kg
Jacquard Elastic
Nylon Thread 4800 Kg
Polyester yarn type 1 30,000 Lbs
Needle Elastic
Polyester yarn type 2 30,000 Lbs
Poly Bag (PP) Poly Dana 489600 Kg
Poly Bag (LDPE) Poly Dana 1116900 Kg
Poly Bag (HDPE) Poly Dana 297840 Kg
Gum Tape Gum tape Jumbo Roll 337260 Kg
4.3 Production Capacity:
This level of production based on the 100% rated production capacity and production at capacity
utilization at the rated 1st year 65% , 2nd Year 70% and 75% rated production capacity. Below shown the
data at a glance-

65% 70% 75%
Page 20 of 64
Jacquard Elastic () 1,500 450,000 975 292,500 1,050 315,000 1,125 337,500
13,00 3,900,00
Needle Elastic 20,000 6,000,000 14,000 4,200,000 15,000 4,500,000
0 0
Poly Bag (PP) 1,632 489,600 1,060 318,240 1,142 342,720 1,224 367,200
Poly Bag (LDPE) 3,723 1,116,900 2,419 725,985 2,606 781,830 2,792 837,675
Poly Bag (HDPE) 992 297,840 645 193,596 694 208,488 744 223,380
Gum Tape 1124 337260 731 125,837 786 236,082 843 145,197
Tape 337260 Kg.
4.4 Capital Cost:
The purposes of this study have been defined the capital costs as a total turnkey price including cost of
land, land developments and imported machinery duties, other charges payable at Port, clearance charges
and inland transport cost to the site. It is the essence of the project. This being a new technology the
technology providers will be able to ensure the rate of output and the quality of the product if and only if
they are responsible for processing plant and other constructions which are considered vital to the plant.
Capital machinery suppliers will supervise all supplies, construction, installation, startup and
commissioning.
4.5 Quality Control:
Initial quality measures will be undertaken, under the supervision of the machinery suppliers company,
after if find out any difficulties should take the necessary action to gain the stipulated quality of the
product.
4.6 Counter Measure for Environment Pollution:
No additional countermeasures for environmental pollution will be required for the project. The
technology is expected to reduce local pollution substantially.
4.7 Utilities:
The total installed power of the equipment is about 150Kw/h. Power frequency 50Hz,
4.8 Man Power Requirement:
The production line will require 55 direct workers for the total project plant. Moreover, there will be
17support personnel for the overall supervision and work of the plant and administrative & sales
department will require 34 personnel. Thus, there will be required a total of 106 manpower for the total
production line. The number of direct workers required for the plant will depend on the working
efficiency of the workers, the level of training and the work environment. However, a guide is provided in
the Table below:
Manufacturing Dept.
Page 21 of 64
SL No Position No of Employee
01 Factory Manager 1
02 Asst. Factory Manager 1
03 Quality Controller 1
04 weaving Master 6
05 Accounts Staff 2
06 Receiving Clerk/Delivery Clerk 3
07 Skilled Labor 8
08 Non Skilled Labor 42
09 Security 4
10 Driver 2
11 Machine Maintenance man 2
Sub Total 72
Administrative:
Sl No. Position No of Employee

01 Chairman 1
02 MD 1
03 Director 1
04 General Manager 1
05 Asst. General Manager 1
06 Commercial Manager 1
07 Chief Accountant 1
08 Accounts Officer 1
09 Office Assistant 2
10 Driver 6
11 Office Peon 1
12 Security Guard 3
Sub Total 20
Sales & Marketing Dept:
Sl No. Position No of Employee

01 Sales & Marketing Manager 1
02 Sales Representative 10
03 Delivery Van Driver 3
Sub Total 14
4.9 Installation, Commissioning and Trial Run:
The technology providers, will install, construct, commission and do the trial run. In fact, they will help to
operate the plant at the time of trial run.
4.10 Source of Energy
Source of power for the project will be PDB/REB. Connected load required for the project is 150Kw,
where consumption will be 120 to 130Kw.
Page 22 of 64
4.11 Building and Civil Works:
Proposed project has a one storied building covering 5200 sft. Within this area new production line can be
fitted easily along with the existing production line. So for the proposed project will not required to any
new building and civil work.
4.11 Operation life of the project:
The project has a minimum 12 year operating life.
SECTION V
Market Aspects
5.1 Introduction:
Garment accessories & packaging are the most crucial determinants of quality of products. So
Garment accessories & packaging although constitute insignificant percentage of cost of the
products, occupies most important position in production economics.
It is therefore, more justified to claim: accessories and packaging qualify the products. In the
export market the significance of packaging & accessories is all the more important. In spite of
its importance definition of the term Garment Accessories & Packaging Industry is not an easy
task. In common parlance, Garment accessories & packaging (GAP) industry included the
production units of a large number of items, such as, button, zipper, sticker, carton, and so on and
so forth. It is still more difficult to identify the location of Garment Accessories & Packaging
Industry. Garment Accessories and Packaging exports in the year 2014-15 constituted the second
most important foreign exchange earner at US$ 5.60 billion for the country.
5.2 Garments Accessories & Packaging Industry:

In Bangladesh, there are large numbers of small, medium and cottage-based independent
packaging and accessories industrial units scattered all over the country. According to
Bangladesh Garments Accessories & Packaging Manufacturers and Exporters Association
(BGAPMEA) there are around 1397 garments accessories manufacturer in our country. Item
wise they are enlisted below-
Sl. No. Item Name No. of Unit
1. Button 26
2. Chemical 01
3. Corrugated Carton 666
4. Elastic & Drawstring 116
5. Embroidery 03
Page 23 of 64
6. Gum Tape 04
7. Hanger 10
8. Interlining 08
9. Multi Items 238
10. Packaging 28
11. Padding 03
12. Poly 140
13. PP Band 02
14. Labels 46
15. Quilting & Padding 01
16. Resin 01
17. Sewing Thread 74
18. Screen Print 06
19. Zipper 24
Total : 1397
5.3 Export Information:

RMG Accessories & Acc & Pgn
Total RMG
share in Packaging % of share % of share in
FY country share Change
million exports in in total RMG
exports in in % in %
UD $ million country exports(G)
million US $
US$ exports (F)
2010-11 20629 18341 89 2751 43.28 13 15
2011-12 23704 20360 86 3075 12.00 13 15
2012-13 27027 21515 79 4100 33.33 15 19
2013-14 30186 24491 81 4750 15.85 15 19
2014-15 31208 25491 81 5600 17.89 18 21
Average 20626 17256 83 4055 24.60 14.8 17.80
The contribution of Garment Accessories & Packaging Industry to the export earnings has been
estimated from the export-earnings of RMG sector. It is revealed from the estimates of the RMG
factories and concerned Packaging and Accessories Industry that the share of the Packaging and
Accessories Industry in export-earning of RMG varies between 13% and 18%, the average being
15%.
5.4 Demand and Supply Analysis:
The sector earned US$ 5.60 billion in 2014-15 FY. Reportedly the plan is to earn over US$ 12
billion by the year 2018. It is a backward linkage industrial sector as demand for accessories and
packaging is a derived demand altogether at the moment. The demand for accessories and
packaging varies with the demand for RMG vis--vis exports. Demand for the RMG lead to
boost the demand of Garments Accessories. Bangladesh aiming at exporting RMG US$ 50
billion by the year 2021. On average garment accessories and packaging contributes about 16%
towards RMG export earnings. Under this corollary and assumption the Garments accessories
and packaging export earnings may be estimated at US $ 8 billion. If packaging and accessories
Page 24 of 64
Daily Yearly
Name of the Product Unit Unit Price Amount
Production Production
Screen Print Dzn 500 150000 372 5,58,00,000
Daily Yearly
Name of the Product Unit Unit Price Amount
Production Production
Jacquard Elastic Yds 1500 450000 22 99,00,000
Needle Elastic Yds 20000 6000000 12 7,20,00,000
Ploy Bags:
Poly Bags (pp) Kg 1632 489600 95 4,65,12,000
Poly Bags(LDPE) Kg 3723 1116900 95 10,61,06,000
Ploy Bags (HDPE) Kg 993 297840 95 2,82,95,000
Gum Tap Kg 1124 337260 125 4,21,58,000
could be exported directly together with deem exports the figure may even reach USD 60 billion
latest by the year 2025 and may stand as a parallel industry sector with RMG in terms of earning.
According to the BGAPMEA around 65 % of the total demands of garments accessories fulfill
by the local manufacturer rest of the 35 % have to import from other countries. If we want fulfill
rest of the demand of garments accessories we need to set up more garments accessories
manufacturing industry so that we can reduce the dependency on the other countries for our
RMG backward linkage.
5.5 Sena Accessories Limited Product Mix:

Product Mix of Existing Unit:
Presently Sena Accessories Ltd. is doing their commercial operation by dealing with screen print
production. Below enlisted the annual rate capacity-
Product Mix of Proposed Unit:

Sena Accessories Ltd. is going to produce below listed product with its existing product
5.6 Conclusion:
If we look back to the item wise garments accessories manufacturer list we can see; in the context of
screen print factory there are only 6 factories, which are doing this operation in our country. In the context
of Poly Bag and Elastic manufacturer there is 140 and 116 manufacture respectively. In terms of other
items of garments accessories market for the elastic, poly bang and gum tape are much more flexible. It
refers one or some other entity can easily enter theses items market without getting any tough
competition. So we can say, Sena Accessories Ltd. with its existing and proposed production capacity, it
can easily accustom with the present garments accessories manufacturing industry.
Page 25 of 64
SECTION VI
FINANCIAL EVALUATION
6.1 Cost of the Project:
The total fixed cost of the project is estimated at Tk. 160,635,000.00 Provisions for unforeseen expenses
have, also, been made. Details of the cost estimates showing break up under different heads appears in
Annexure I. We can summarize same in the following Table.
SL To be
Cost Component Incurred Total Amount
No incurred
01 Land & land Development 22,500,000.00 - 22,500,000.00
02 Building & Civil Works 15,000,000.00 - 15,000,000.00
03 Machinery 1,590,000.00 - 1,590,000.00
04 Office Equipments 160,000.00 - 160,000.00
05 Electrical Equipments 800,000.00 - 800,000.00
06 Furniture & Fixture 550,000.00 - 550,000.00
07 Imported machinery - 77,600,000.00 77,600,000.00
08 Misc charges for imported machineries - 5,432,000.00 5,432,000.00
09 Local Machinery - 14,000,000.00 14,000,000.00
10 Vehicles(Van & Microbus) - 8,515,000.00 8,515,000.00
11 Fire Fittings - 105,000.00 105,000.00
12 Installation & Others - 1,883,000.00 1,883,000.00
13 Preliminary Expenses - 500,000.00 500,000.00
14 Pre-Operating Exp - 500,000.00 500,000.00
15 Generator & Substation - 8,500,000.00 8,500,000.00
Page 26 of 64
16 Security Deposit for Power - 2,500,000.00 2,500,000.00

17 Contingencies - 500,000.00 500,000.00
120,035,000.0
18 Total Fixed Cost 40,600,000.00 160,635,000.00
0
19 Working capital 45,000,000.00
6.2 Means Of Finance:
Debt Equity Ratio is 47: 53. Details of the Means of Finance are presented in Annexure II.
6.3 Assumptions Considered In the Sales Revenue, Cost of Production & Profitability:
The assumptions considered for the above aspects have been stated in the Annexure III.
6.4 Capital Structure:
The initial startup capital of the firm will be Tk. 75,498,450.00 and 45,000,000.00 for working capital.
Details of the Capital Structure Annexure IV
6.5 Profit & Loss Statement:
The project is assumed to be 65%, 70%, 75% and 80% throughout the analysis period. The average price
has been assumed even though the quality of the garments accessories is superior as a conservative
measure. Adequate provisions for raw materials costs, wages and administrative expenses have been
made. Estimated profitability, calculated on the basis of the above assumptions. Details are at Annexure V.
6.6 Debt Service Coverage RATIO:
Net profit before tax and interest provided, indicates that reasonable cash flow would be generated from
operations to enable servicing the debt comfortably and still leave the project in an adequate state of
liquidity.
6.7 Sales Revenue:
Sales Revenue for the first three years of the operation period is shown below. Details have been worked
out in Annexure VII.
Sales Revenue
Year-1 Year-2 Year-3
285,583,350.00 320,121,900.00 329,519,250.00
6.8 Cost of Goods Sold:

The costs of goods sold in the first three years are shown below:
Year-1 Year-2 Year-3
Page 27 of 64
225,064,624.00 239,606,042.00 254,308,838.00
Details have been worked out in Annexure VIII.
6.9 Wages and Salaries for Manufacturing, Factory and Sales Department:
For this purpose, the year wise expenditure for the first 4 years of the operation period will be incurred;
Details are shown in Annexure IX.
6.10 Factory Overhead:

Details are shown in Annexure X.
6.11 Depreciation Cost and Fixed Asset Schedule:
Details are shown in Annexure-XI
6.12 General Administrative and Selling Expenses:
Details are shown in Annexure-XII
6.13 Estimate of Working Capital:
Net working capital during the first four years is shown details in Annexure XIII.
6.14 Break Even Analysis:

The project is expected to break even assumed capacity utilization at a sales value of Tk. 8683.27 lakh, at
70% of rated production capacity. The worksheet on the break-even sales is detailed in Annexure XIV.
6.15 Internal Rate of Return (Financial):
The Internal Rate of Return (Financial) has been estimated at 39%.This is well above any hurdle rate of
return that most investors would consider as the rate of return to be acceptable. Details of the FIRR
calculations are at Annexure XV.
6.16 Cash Flow Statement:
Cash flow statement based on profitability estimate has been worked out .The project is expected to have
comfortable cash position from 1st year of operation which will enable the company to repay the dues in
time. Details are shown in Annexure XVI.
6.17 Projected Balance Sheet:
Page 28 of 64
The projected balance sheet of the proposed company / project is enclosed in Annexure XVII. It shows a
financially sound position which is also evident from the following summary:
Item Year-1 Year-2 Year-3

Current Assets 1,224,385,472.93 1,585,952,098.90 2,028,320,861.46
Less Current Liabilities 306,250,000.00 367,500,000.00 428,750,000.00
Net Current Assets 1,618,757,022.93 1,868,124,071.40 2,202,974,335.34
Net Worth 656,080,854.76 1,007,560,597.92 1,444,523,556.56
6.18 Pay Back Period of Project:
The Pay Back Period of the project is 4.41 i.e. 4 year(s) 5 months approximately, which may be seen in
Annexure XVIII.
6.19 Repayment Schedule of Debt:
Debt Repayment Schedule/Estimated Financial Expenses per annum and Financial Organizations
semiannually repayment schedule are shown in Annexure XIX
6.20 Sensitivity Analysis:
Here we have conducted sensitivity analysis based on two categories and these are
Sensitivity Analysis Decrease in Sales price by 10%;
Based on 10% increase in cost of raw material.
Details are shown in Annexure XX.
6.21 Repayment Period of DEBT:
The Repayment Period of debt is 7 years which is shown in Annexure XIX.

6.22 Product Cost per Unit:
Product Cost Per Unit, which has been shown in Annexure XXI.
Page 29 of 64
Page 30 of 64
ANNEXURE I
TOTAL INVESTMENT COST
SL To be
Cost Component Incurred Total Amount
No incurred
1 Land
Land & land Development 22,500,000.00
Sub Total 22,500,000.00
2 Building & Others
Building & Civil Works 15,000,000.00
Sub Total 15,000,000.00
3 Machinery
Machinery 1,590,000.00
Sub Total 1,590,000.00
4 Office Equipments
Office Equipments 160,000.00
Sub Total 160,000.00
5 Electrical Equipments
Electrical Equipments 800,000.00
6 Furniture
Furniture & Fixture 550,000.00
7 Imported machinery
Imported machinery 77,600,000.00
Sub Total 77,600,000.00
Misc charges for imported machineries
i) Marine Insurance = @ 1.00% of C & F Cost 776,000.00
ii) L/C Charge = @ 1.00% of C & F Cost 776,000.00
iii) CD(Custom Duty @ 3% of C & F Cost) 2,328,000.00
iv] Clearing and forwarding charges =
776,000.00
@1.00%of C & F Cost
v) Transportation to site = @ 1% of C & F Cost 776,000.00
Sub Total 5,432,000.00
8 Local Machinery
Local Machinery 14,000,000.00
Sub Total 14,000,000.00
9 Vehicles
Vehicles(Van & Microbus) 8,515,000.00
Sub Total 8,515,000.00
10 Fire Fittings
Fire Fittings 105,000.00
Page 31 of 64

11 Installation & Others
Installation & Others 1,883,000.00
Sub Total 1,883,000.00
12 Preliminary Expenses
Preliminary Expenses 500,000.00
13 Pre-Operating Exp
Pre-Operating Exp 500,000.00
14 Generator
Generator & Substation 8,500,000.00
Sub Total 8,500,000.00
15 Security Deposit
Security Deposit for Power 2,500,000.00
Sub Total 2,500,000.00
16 Contingencies
Contingencies 500,000.00
120,035,000.0
17 Total Fixed Cost 40,600,000.00 160,635,000.00
0
18 IDCP 9,365,021.00 9,365,021.00
19 Working capital 45,000,000.00
20 Total Cost of the Project 215,000,021.00
Page 32 of 64
ANNEXURE II
MEANS OF FINANCE
SL No Cost Component Equity Debt

1 Land
Land & land Development
Sub Total 22,500,000.00
2 Building & Others
Building & Civil Works
Sub Total 15,000,000.00
3 Machinery
Machinery
Sub Total 1,590,000.00
4 Office Equipments
Office Equipments
5 Electrical Equipments
Electrical Equipments
6 Furniture
Furniture & Fixture
7 Imported machinery
Imported machinery
Sub Total 10,000,000.00 67,600,0
Misc charges for imported machineries
i) Marine Insurance = @ 1.00% of C & F Cost
ii) L/C Charge = @ 1.00% of C & F Cost
iii) CD(Custom Duty @ 3% of C & F Cost)
iv] Clearing and forwarding charges = @1.00%of C & F Cost
v) Transportation to site = @ 1% of C & F Cost
Sub Total 1,995,450.00 3,436,5
8 Local Machinery
Local Machinery
Sub Total 5,000,000.00 9,000,0
9 Vehicles
Vehicles (Van & Microbus)
Sub Total 8,015,000.00 500,0
10 Fire Fittings
Fire Fittings
Page 33 of 64

11 Installation & Others
Installation & Others
Sub Total 1,883,000.00
12 Preliminary Expenses
Preliminary Expenses
13 Pre-Operating Exp
Pre-Operating Exp
14 Generator
Generator & Substation
Sub Total 6,400,000.00 2,100,0
15 Security Deposit
Security Deposit for Power 2,500,0
Sub Total
14 Contingencies
Contingencies
15 Total Fixed Cost 75,498,450.00 85,136,5
16 IDCP 9,365,0
17 Working capital 13,500,000.00 31,500,0
18 Total Cost
N.B.: Loan Applied for 53% of Total Estimated Fixed Cost to the Project which is 160,635,000.00 & Working
Capital is Tk 45,000,000.00
Debt (%) = 47
Equity ( % )= 53
Page 34 of 64
ANNEXURE III
ASSUMPTIONS CONSIDERED IN THE SALES REVENUE, COST OF PRODUCTION &
PROFITABILITY
i. Rated Capacity:
Tape 337260 Kg. at the 100 % rated capacity.
ii. Operating Time:
The project has been assumed to operate one shift in a day. Shift is of 8 hours duration. The plant will
operate for 300 days in a year.
iii. Capacity Utilization:
Capacity utilization of this project is assumed at 65% from the 1st Yr 70% 2nd Year 75% 3rd Year 80%
4th Year and so on of operation of the project. This capacity utilization will continue for the whole
operation period.
iv. Duties & Taxes:
Import duty and VAT costs are as per prevailing NBR rates.
v. Depreciation /Amortization:
Depreciation has been charged on the project, as per prevailing rates as shown below:
- Building - 05%
- Machinery - 10%
- Preliminary and Pre operating expenses -- 10%
- Vehicles- 10%
- All other Assets- 10%
vi. Income Tax:
The project will provide income tax @ rated 35%.
vii. Operation Life:
Economic life of the project has been assumed to be minimum 12 years.
viii. Inflation and currency fluctuation:
Inflation & currency fluctuation have not been taken in to account. But considering the inflation and
currency fluctuation we have conduct the sensitivity analysis.
Page 35 of 64
ix. Long Term Loan:
The tenor of repayment of the long term loan is 7 years. There will be a grace period of twelve (12)
months for repayment of loan w. e. f. The date of opening of letter of credit (L/C) during which interest
will be accrued but repayment will commence after 12 months just after commissioning of the plant. It
has been assumed that the loan including IDCP will be paid in 12 semiannually installments and
installment will start from 1st year of operation.
x. Working Capital Loan:
Cash credit for working capital will be financed through short term borrowing from commercial bank and
sponsor. The loan amount will make repayment in 8 years where, grace period is 1 year.
Page 36 of 64
ANNEXURE - IV
CAPITAL STRUCTURE
Project Total Cost (excluding IDCP)

SL No Description % Project Cost
1 Equity 47% 75,498,450.00
2 Bank Loan 53% 85,136,550.00
Total 100% 160,635,000.00
Working Capital
SL No Description % Project Cost
1 Equity 30% 13,500,000.00
2 Bank Loan 70% 31,500,000.00
Total 100% 45,000,000.00
Page 37 of 64
ANNEXURE V
PROFIT AND LOSS STATEMENT (EARNING FORCAST)
Description First Year Second Year Third Year Forth Year Fifth Year
Production Capacity 0.65 0.70 0.75 0.80 0.80
285,583,350.0 320,121,900.0 329,519,250.0 351,487,200.0 351,487,200.0

A. Sales Revenue
0 0 0 0 0
Cost of Goods Sold:
193,374,324.0 208,249,272.0 223,124,220.0 237,999,168.0 237,999,168.0
Raw Material Cost
0 0 0 0 0
Factory Wages 8,162,000.00 8,570,100.00 8,998,605.00 9,448,535.25 9,920,962.01
Manufacturing Overhead(Factory
11,158,000.00 11,615,900.00 12,096,695.00 12,601,530.00 13,131,606.00
Overhead)
Factory Depreciation 12,370,300.00 11,170,770.00 10,089,318.00 9,114,230.00 8,234,958.00
225,064,624.0 239,606,042.0 254,308,838.0 269,163,463.2 269,286,694.0
B. Total cost of Goods Sold
0 0 0 5 1
C. Gross Profit ( A-B) 60,518,726.00 80,515,858.00 75,210,412.00 82,323,736.75 82,200,505.99
Operating Expenses:
Administrative & General Expenses 5,564,000.00 5,842,200.00 6,134,310.00 6,441,025.00 6,763,077.00
Selling & Marketing Expenses 2,466,000.00 2,589,300.00 2,718,765.00 2,854,703.00 2,997,438.00
Interest on Working Capital 3,465,000.00 3,465,000.00 3,465,000.00 3,465,000.00 3,465,000.00
Interest on Project Loan 9,622,559.00 9,989,189.00 8,251,939.00 6,514,689.00 4,777,438.00
D. Total Expenses 21,117,559.00 21,885,689.00 20,570,014.00 19,275,417.00 18,002,953.00
E. Net Profit before Tax ( C-D) 39,401,167.00 58,630,169.00 54,640,398.00 63,048,319.75 64,197,552.99
F. Income Tax @ 13,790,408.45 20,520,559.15 19,124,139.30 22,066,911.91 22,469,143.55
G. Net Profit After Tax (E-F) 25,610,758.55 38,109,609.85 35,516,258.70 40,981,407.84 41,728,409.44
H. Dividend 5,122,151.71 7,621,921.97 7,103,251.74 8,196,281.57 8,345,681.89
Net Profit (G-H) 20,488,606.84 30,487,687.88 28,413,006.96 32,785,126.27 33,382,727.55
Previous Years Surplus 20,488,606.84 50,976,294.72 79,389,301.68 112,174,427.95
Balance Carried Forward To 145,557,155.5
20,488,606.84 50,976,294.72 79,389,301.68 112,174,427.95
Balance Sheet 0
Profitability Ratio
Ratio First Year Second Year Third Year Forth Year
Percentage of Gross Profit= GP/Sale 21 % 25 % 23% 23%
14 % 18 % 17% 18 %
NP/Sale
Percentage of Net Profit After Tax= NP/Sale 9% 12 % 11% 12%
Page 38 of 64
ANNEXURE VI
DEBT SERVICE COVERAGE RATIO
Debt Service Coverage Ratio

First Year Second Year Third Year Forth Year Fifth Year
41,728,409.0
Net Profit After Tax 25,610,759.00 38,109,610.00 35,516,259.00 40,981,408.00
0
133,994,082.0 72,606,336.0
Debt Service 118,795,895.00 103,597,708.00 88,399,521.00
0 0
Debt Coverage Ratio 19% 32% 34% 46% 57%
Page 39 of 64
ANNEXURE VII
SALES REVENUE
First Year 65% Capacity Second Year70% Capacity Third Year 75% Capacity Forth Year 80% Capacity Fifth Year 80% Capacity
Sale
SL Descripti Quantity Quantity Quantity Quantity Quantity
Price/ Sale in Taka Sale in Taka Sale in Taka Sale in Taka Sale in Taka
No on in Pieces in Pieces in Pieces in Pieces in Pieces
Unit
Jacquard
1 22.00 292,500 6,435,000.00 315,000 6,930,000.00 337,500 7,425,000.00 360,000 7,920,000.00 360,000 7,920,000.00
Elastic
Needle
2 12.00 3,900,000 46,800,000.00 4,200,000 50,400,000.00 4,500,000 54,000,000.00 4,800,000 57,600,000.00 4,800,000 57,600,000.00
Elastic
Poly Bag
3 175.00 318,240 55,692,000.00 342,720 59,976,000.00 367,200 64,260,000.00 391,680 68,544,000.00 391,680 68,544,000.00
(PP)
Poly Bag
4 175.00 725,985 127,047,375.00 781,830 136,820,250.00 837,675 146,593,125.00 893,520 156,366,000.00 893,520 156,366,000.00
( LDPE)
Poly bag
5 175.00 193,596 33,879,300.00 208,488 36,485,400.00 223,380 39,091,500.00 238,272 41,697,600.00 238,272 41,697,600.00
( HDPE)
6 Gum tap 125.00 125,837 15,729,675.00 236,082 29,510,250.00 145,197 18,149,625.00 154,877 19,359,600.00 154,877 19,359,600.00
Total 5,556,158 285,583,350.00 6,084,120 320,121,900.00 6,410,952 329,519,250.00 6,838,349 351,487,200.00 6,838,349 351,487,200.00
Page 40 of 64
ANNEXURE VIII
COST OF GOODS SOLD
Cost of Goods Sold

Item First Year Second Year Third Year Forth Year Fifth Year
193,374,324.0 208,249,272.0 223,124,220.0 237,999,168.0
Raw Material Cost (note 1) 237,999,168.00
0 0 0 0
Factory Wages 8,162,000.00 8,570,100.00 8,998,605.00 9,448,535.25 9,920,962.01
Manufacturing Overhead
11,158,000.00 11,615,900.00 12,096,695.00 12,601,530.00 13,131,606.00
(Factory Overhead)
225,064,624.0 239,606,042.0 254,308,838.0 269,163,463.2
Total cost of Goods Sold 269,286,694.01
0 0 0 5
Page 41 of 64
RAW MATERIAL COST (Note-1)
SL No Description First Year 65% Second Year 70% Third Year 75% Forth Year 80% Fifth Year 80%
1 Jacquard Elastic 2,847,000.00 3,066,000.00 3,285,000.00 3,504,000.00 3,504,000.00
2 Needle Elastic 19,500,000.00 21,000,000.00 22,500,000.00 24,000,000.00 24,000,000.00
3 Poly Bag (PP) 39,461,760.00 42,497,280.00 45,532,800.00 48,568,320.00 48,568,320.00
4 Poly Bag (LDPE) 90,022,140.00 96,946,920.00 103,871,700.00 110,796,480.00 110,796,480.00
5 Poly Bag (HDPE) 24,005,904.00 25,852,512.00 27,699,120.00 29,545,728.00 29,545,728.00
6 Gum Tape 17,537,520.00 18,886,560.00 20,235,600.00 21,584,640.00 21,584,640.00
Total Raw Material Cost 193,374,324.00 208,249,272.00 223,124,220.00 237,999,168.00 237,999,168.00
Page 42 of 64
ANNEXURE IX
WAGES AND SALARIES FOR MANUFACTURING, FACTORY AND SALES DEPARTMENT
A. Manufacturing Department
Position Monthly Pay No of Employee Monthly Pay Annual Pay
Factory Manager 30,000.00 1 30,000.00 420,000.00
Asst. Factory Manager 15,000.00 1 15,000.00 210,000.00
Quality Controller 10,000.00 1 10,000.00 140,000.00
weaving Master 6,000.00 6 36,000.00 504,000.00
Accounts Staff 7,000.00 2 14,000.00 196,000.00
Receiving Clerk/Delivery
6,000.00 3 18,000.00 252,000.00
Clerk
Skilled Labor 15,000.00 8 120,000.00 1,680,000.00
Non Skilled Labor 7,000.00 42 294,000.00 4,116,000.00
Security 4,000.00 4 16,000.00 224,000.00
Driver 7,000.00 2 14,000.00 196,000.00
Machine Maintenance man 8,000.00 2 16,000.00 224,000.00
Sub Total 115,000.00 72 583,000.00 8,162,000.00
B. Administrative (Factory + Overhead)

Chairman 80,000.00 1 80,000.00 1,120,000.00
MD 80,000.00 1 80,000.00 1,120,000.00
Director 50,000.00 1 50,000.00 700,000.00
General Manager 40,000.00 1 40,000.00 560,000.00
Asst. General Manager 15,000.00 1 15,000.00 210,000.00
Commercial Manager 30,000.00 1 30,000.00 420,000.00
Chief Accountant 12,000.00 1 12,000.00 168,000.00
Accounts Officer 8,000.00 1 8,000.00 112,000.00
Office Assistant 6,500.00 2 13,000.00 182,000.00
Driver 8,000.00 6 8,000.00 112,000.00
Office Peon 4,000.00 1 4,000.00 56,000.00
Security Guard 5,000.00 3 15,000.00 210,000.00
Sub Total 338,500.00 20 355,000.00 4,970,000.00
C. Sales & Marketing Department

Sales & Marketing Manager 20000 1 20000 280000
Sales Representative 7000 10 70000 980000
Delivery Van Driver 8000 3 24000 336000
Sub Total 35000 14 114000 1,596,000.00
Grand Total (A+B+C) 488,500.00 106 1,052,000.00 14,728,000.00
Page 43 of 64
ANNEXURE X
FACTORY OVERHEAD
Description First Year Second Year Third Year Fourth Year Fifth Year
Factory Insurance 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00
Electricity 5,000,000.00 5,250,000.00 5,512,500.00 5,788,125.00 6,077,531.25
Machine Oil & Diesel 3,000,000.00 3,150,000.00 3,307,500.00 3,472,875.00 3,646,518.75
Spare Parts 60,000.00 63,000.00 66,150.00 69,457.50 72,930.38
Repair & Maintenance 260,000.00 273,000.00 286,650.00 300,982.50 316,031.63
Carriage in Ward 40,000.00 42,000.00 44,100.00 46,305.00 48,620.25
Printing & Stationery 150,000.00 157,500.00 165,375.00 173,643.75 182,325.94
Telephone, Fax & Others 36,000.00 37,800.00 39,690.00 41,674.50 43,758.23
Vehicles Maintenance 600,000.00 630,000.00 661,500.00 694,575.00 729,303.75
Others 12,000.00 12,600.00 13,230.00 13,891.50 14,586.08
Total 11,158,000.00 11,615,900.00 12,096,695.00 12,601,529.75 13,131,606.24
Page 44 of 64
ANNEXURE-XI
DEPRECIATION COST AND FIXED ASSET SCHEDULE
First Year Second Year Third Year Fourth Year Fifth Year
Rate of Existing Book Book Book Book Book
SL Depreciati Depreciati Depreciati Depreciati Depreciati
Description Depreciati Asset in Value of Value of Value of Value of Value of
No on Tk on Tk on Tk on Tk on Tk
on Taka Asset Asset Asset Asset Asset
Land & Land 2250000 2250000 2250000 2250000 2250000 2250000
1
Development 0 0 0 0 0 0
Building & 1500000 1425000 1353750 1286062 1221759 1160671
4 5% 750000 712500 676875 643031 610880
Others 0 0 0 5 4 4
5 Machinery 10% 1590000 159000 1431000 143100 1287900 128790 1159110 115911 1043199 104320 938879
Office
6 10% 160000 16000 144000 14400 129600 12960 116640 11664 104976 10498 94478
Equipment
Electrical
7 10% 800000 80000 720000 72000 648000 64800 583200 58320 524880 52488 472392
Equipment
8 Furniture 10% 550000 55000 495000 49500 445500 44550 400950 40095 360855 36086 324770
Imported 7760000 6984000 6285600 5657040 5091336 4582202
9 10% 7760000 6984000 6285600 5657040 5091336
Machinery 0 0 0 0 0 4
Local 1400000 1260000 1134000 1020600
10 10% 1400000 1260000 1134000 1020600 9185400 918540 8266860
machinery 0 0 0 0
11 Vehicles 10% 8515000 851500 7663500 766350 6897150 689715 6207435 620744 5586692 558669 5028022
12 Generator 10% 8500000 850000 7650000 765000 6885000 688500 6196500 619650 5576850 557685 5019165
13 Fire Fittings 10% 105000 10500 94500 9450 85050 8505 76545 7655 68891 6889 62001
Installation &
14 10% 1883000 188300 1694700 169470 1525230 152523 1372707 137271 1235436 123544 1111893
Others
Security
15 10% 2500000 250000 2250000 225000 2025000 202500 1822500 182250 1640250 164025 1476225
Deposit
15 Misc charge 5432000
Preliminary
15 500000
Exp
Pre Operating
16 500000
Exp
17 Contingencies 500000
Total Project Cost 1606350 12370300 1413327 11170770 1301619 10089318 1200726 9114230 1109583 8234959 1027234
Page 45 of 64
00 00 30 12 82 24
Page 46 of 64
ANNEXURE-XII
ADMINISTRATIVE & SELLING EXPENSE
Administrative Expenses
Description First Year Second Year Third Year Fourth Year Fourth Year
Salaries & Wages 4,970,000.00 5,218,500.00 5,479,425.00 5,753,396.25 6,041,066.06
Printing & Stationary 60,000.00 63,000.00 66,150.00 69,457.50 72,930.38
Telephone, Fax & Others 60,000.00 63,000.00 66,150.00 69,457.50 72,930.38
Bank Charge 12,000.00 12,600.00 13,230.00 13,891.50 14,586.08
Rent & Taxes 60,000.00 63,000.00 66,150.00 69,457.50 72,930.38
Vehicles Maintenance 120,000.00 126,000.00 132,300.00 138,915.00 145,860.75
Audit & Legal Fee 30,000.00 31,500.00 33,075.00 34,728.75 36,465.19
Donation & Subscription 120,000.00 126,000.00 132,300.00 138,915.00 145,860.75
Public Relation 120,000.00 126,000.00 132,300.00 138,915.00 145,860.75
General Expenses 12,000.00 12,600.00 13,230.00 13,891.50 14,586.08
Total 5,564,000.00 5,842,200.00 6,134,310.00 6,441,025.50 6,763,076.78
Selling Expenses
Salaries & Wages 1,596,000.00 1,675,800.00 1,759,590.00 1,847,569.50 1,939,947.98
Advertisement 120,000.00 126,000.00 132,300.00 138,915.00 145,860.75
Telephone, Mobile &
60,000.00 63,000.00 66,150.00 69,457.50 72,930.38
Postal
Entertainment Exp 60,000.00 63,000.00 66,150.00 69,457.50 72,930.38
Carriage in Outward 360,000.00 378,000.00 396,900.00 416,745.00 437,582.25
Delivery Van
240,000.00 252,000.00 264,600.00 277,830.00 291,721.50
Maintenance
Others Exp 30,000.00 31,500.00 33,075.00 34,728.75 36,465.19
Total 2,466,000.00 2,589,300.00 2,718,765.00 2,854,703.25 2,997,438.41
Page 47 of 64
ANNEXURE XIII
ESTIMATE OF WORKING CAPITAL
Working Capital
Days 1st Year 2nd Year 3rd Year 4th Year 5th Year
A. Total Sale 285,583,350.00 320,121,900.00 329,519,250.00 351,487,200.00 351,487,200.00
B. Raw Material 193,374,324.00 208,249,272.00 223,124,220.00 237,999,168.00 237,999,168.00
Current Asset:
Raw Material
a. Inventory 20 12,891,621.60 13,883,284.80 14,874,948.00 15,866,611.20 15,866,611.20
Cost
Raw Material
b. Work in progress 20 12,891,621.60 13,883,284.80 14,874,948.00 15,866,611.20 15,866,611.20
Cost
c. Accounts Receivable Sale 15 14,279,167.50 16,006,095.00 16,475,962.50 17,574,360.00 17,574,360.00
d. Advance, Deposit & Prepayment Sale 15 14,279,167.50 16,006,095.00 16,475,962.50 17,574,360.00 17,574,360.00
C. Total Current Assets (a+b+c+d) 54,341,578.20 59,778,759.60 62,701,821.00 66,881,942.40 66,881,942.40
Current Liabilities:
Raw Material
D. Account Payable 12 7,734,972.96 8,329,970.88 8,924,968.80 9,519,966.72 9,519,966.72
Cost
E. Working Capital Requirement (C-D) 46,606,605.24 51,448,788.72 53,776,852.20 57,361,975.68 57,361,975.68
Working Capital Say 45,000,000.00 45,000,000.00 45,000,000.00 45,000,000.00 45,000,000.00
Applied 70% 31,500,000.00 31,500,000.00 31,500,000.00 31,500,000.00 31,500,000.00
Interest on Working Capital 70% Applied of
11% 3,465,000.00 3,465,000.00 3,465,000.00 3,465,000.00 3,465,000.00
working capital @
Total Interest on Working Capital 3,465,000.00 3,465,000.00 3,465,000.00 3,465,000.00 3,465,000.00
Page 48 of 64
ANNEXURE-XIV
BREAK EVEN ANALYSIS
Break Even Analysis

BDT TK BDT TK BDT TK BDT TK BDT TK BDT TK
SL No. Description @ 65% @ 65% @ 65% @ 80% @ 80% @ 80%
Capacity Capacity Capacity Capacity Capacity Capacity
351,487,200.0
A Sales 285,583,350.00
0
246,182,183.0 287,289,647.0
B Cost of sales as per Profit & Loss A/C
0 0
Fixed Cost
factory Wages 8,162,000.00 9,920,962.00
12,370,300.0
Depreciation 8,234,958.00
0
Sales & Marketing 1,479,600.00 1,798,463.00
Interest on term Loan 9,622,559.00 4,777,438.00
Admin Cost 3,338,400.00 4,057,846.00
C Total Fixed Cost 34,972,859.00 28,789,667.00
258,499,980.0
D Variable Cost (B-C) 211,209,324.00
0
E Contribution Margin(A-D) 74,374,026.00 92,987,220.00
Contribution Margin/ PV Ratio
F 0.260428439 0.264553645
(CM/Sales)
108,823,550.6
G Break Even Sales ( FC/CM Ratio) 134,289,707.97
2
H BES Ratio( BES/Sales) 0.470229472 0.309608858
Page 49 of 64
Details Description of Break Even Analysis

(i) PV Ratio = (Sales -Variable Cost)/sales
Sales = 285,583,350.00
Variable Cost = 211,209,324.00
therefore, PV Ratio = 0.260428439
(ii) Break Even Point (Sales) = Fixed Cost
Fixed Cost = 34,972,859.00
PV Ratio= 26.04%
Therefore BEP (Sales) = 134,289,707.97
Hence BEP (Sales) 47.02%
of capacity utilization and at 65 %
(iii) Break Even Point (Cash) = Fixed Cost Depreciation & write off
Fixed Cost = 211,209,324.00
PV Ratio= 26.04%
BEP (Sales)= 285,583,350.00
Page 50 of 64
ANNEXURE XV
INTERNAL RATE OF RETURN
Description Amount
Investment (160,635,000.00)
1st Year Cash Flows 47,806,861.00
2nd Year Cash Flows 68,829,950.00
3rd Year Cash Flows 89,211,027.00
4th Year Cash Flows 111,732,076.00
5th Year Cash Flows 137,556,577.00
IRR 39%
Page 51 of 64
ANNEXURE XVI
CASH FLOW STATEMENT
Cash Flow Statement

Beginning of the
Project
Cash flows for Operating Activities:
Adjustment to reconcile to Net profit to
net cash flows from Operating Activities
Net Profit 20,488,607.00 30,487,688.00 28,413,007.00 32,785,126.00 33,382,728.00
Add: Depreciation 12,370,300.00 11,170,770.00 10,089,318.00 9,114,230.00 8,234,958.00
(Increase)/ Decrease in Current Asset (54,341,578.00) (5,437,182.00) (2,923,061.00) (4,180,121.00) -
Increase/ (Decrease) in Current Liability 7,734,973.00 594,998.00 594,998.00 594,998.00 -
Accrued Interest 9,622,559.00 9,989,189.00 8,251,939.00 6,514,689.00 4,777,438.00
CC Hypo 31,500,000.00
Net cash flows from Operating Activities 31,500,000.00 (4,125,139.00) 46,805,463.00 44,426,201.00 44,828,922.00 46,395,124.00
Cash Flows from Investing Activities:
New Asset Acquisition (153,703,000.00)
Net cash flows from investing Activities (153,703,000.00)
Cash Flows from Financing Activities:
Share Capital from Share Holder 88,998,450.00
Term Loan 85,136,550.00
Payment of loan installment (25,782,374.00) (24,045,124.00) (22,307,873.00) (20,570,623.00
)
Net cash flows from financing Activities 174,135,000.00 - (25,782,374.00) (24,045,124.00) (22,307,873.00) (20,570,623.00
)
Net Surplus 51,932,000.00 (4,125,139.00) 21,023,089.00 20,381,077.00 22,521,049.00 25,824,501.00

Opening Balance - 51,932,000.00 47,806,861.00 68,829,950.00 89,211,027.00 111,732,076.00
Closing Balance 51,932,000.00 47,806,861.00 68,829,950.00 89,211,027.00 111,732,076.00 137,556,577.00
Page 52 of 64
ANNEXURE XVII
PROJECTED BALANCE SHEET
Balance Sheet
Construction
Period
A. Fixed Assets:
Land at cost 22,500,000.00 22,500,000.00 22,500,000.00 22,500,000.00 22,500,000.00 22,500,000.00
Building 15,000,000.00 14,250,000.00 13,537,500.00 12,860,625.00 12,217,593.00 11,606,714.00
Imported Machinery 77,600,000.00 69,840,000.00 62,856,000.00 56,570,400.00 50,913,360.00 45,822,024.00
Local Machinery 14,000,000.00 12,600,000.00 11,340,000.00 10,206,000.00 9,185,400.00 8,266,860.00
Machinery 1,590,000.00 1,431,000.00 1,287,900.00 1,159,110.00 1,043,199.00 938,879.00
Office Equipment 160,000.00 144,000.00 129,600.00 116,640.00 104,976.00 94,478.00
Electrical Equipment 800,000.00 720,000.00 648,000.00 583,200.00 524,880.00 472,392.00
Furniture 550,000.00 495,000.00 445,500.00 400,950.00 360,855.00 324,770.00
Vehicles 8,515,000.00 7,663,500.00 6,897,150.00 6,207,435.00 5,586,691.00 5,028,022.00
Generator 8,500,000.00 7,650,000.00 6,885,000.00 6,196,500.00 5,576,850.00 5,019,165.00
Fire Fittings 105,000.00 94,500.00 85,050.00 76,545.00 68,891.00 62,001.00
Installation & Others 1,883,000.00 1,694,700.00 1,525,230.00 1,372,707.00 1,235,436.00 1,111,893.00
Security Deposit 2,500,000.00 2,250,000.00 2,025,000.00 1,822,500.00 1,640,250.00 1,476,225.00
Misc Charge 5,432,000.00
Preliminary Exp 500,000.00
Pre operating Expenses 500,000.00
Contingencies 500,000.00
Total Fixed Assets 160,635,000.00 141,332,700.00 130,161,930.00 120,072,612.00 110,958,381.00 102,723,423.00
Current Assets
Cash & Bank 45,000,000.00 47,806,861.00 68,829,950.00 89,211,027.00 111,732,076.00 137,556,577.00
Inventory - 25,783,243.00 27,766,570.00 29,749,896.00 31,733,222.00 31,733,222.00
Accounts Receivable - 14,279,167.00 16,006,095.00 16,475,962.00 17,574,360.00 17,574,360.00
Advanced Deposit &
- 14,279,168.00 16,006,095.00 16,475,963.00 17,574,360.00 17,574,360.00
Prepayment
Page 53 of 64
Total Current Assets 45,000,000.00 102,148,439.00 128,608,710.00 151,912,848.00 178,614,018.00 204,438,519.00

Total Assets 205,635,000.00 243,481,139.00 258,770,640.00 271,985,460.00 289,572,399.00 307,161,942.00
Current Liabilities:
Accounts Payable 7,734,973.00 8,329,971.00 8,924,969.00 9,519,967.00 9,519,967.00
Total Current Liabilities 7,734,973.00 8,329,971.00 8,924,969.00 9,519,967.00 9,519,967.00
Loan & Others:
Project Loan 85,136,550.00 94,759,109.00 78,965,924.00 63,172,739.00 47,379,554.00 31,586,369.00
Cash Credit Against
31,500,000.00 31,500,000.00 31,500,000.00 31,500,000.00 31,500,000.00 31,500,000.00
Hypothecation
Total Secured Loan 116,636,550.00 126,259,109.00 110,465,924.00 94,672,739.00 78,879,554.00 63,086,369.00
Issued & Paid Up Capital 88,998,450.00 88,998,450.00 88,998,450.00 88,998,450.00 88,998,450.00 88,998,450.00
Net Profit (Reserve &
20,488,607.00 50,976,295.00 79,389,302.00 112,174,428.00 145,557,156.00
Surplus)
109,487,057.00 139,974,745.00 168,387,752.00 201,172,878.00 234,555,606.00
Total Equity & Liability 205,635,000.00 243,481,139.00 258,770,640.00 271,985,460.00 289,572,399.00 307,161,942.00
Net Worth 88,998,450.00 109,487,057.00 139,974,745.00 168,387,752.00 201,172,878.00 234,555,606.00
Page 54 of 64
ANNEXURE XVIII
PAY BACK PERIOD
SL
Description BDT BDT BDT Years
No.
A Total Fixed Cost 160,635,000.00
Profit:
1st year 25,610,759.00
2nd year 38,109,610.00
3rd year 35,516,259.00
4th Year 40,981,408.00
5th Year 41,728,409.00
Total Cash Surplus 181,946,445.00
Total Year 5
B Average Cash Flow 36,389,289.00
Payback Period (A/B) 4.41
Page 55 of 64
ANNEXURE XIX
DEBT REPAYMENT SCHEDULE
Repayment Schedule
Project Loan Repayment Schedule Amount in Tk
Principal 85,136,550.00
Amount
Term of Payment 12 (Installment will start from 2nd year)
Rate of interest 11%
Payment per year 2
Repayment Period 7 Years
Year Yearly Installment Principal Interest on Installment Balance
Installment Balance of Payable Half
Principal Yearly
85,136,550.00
First Year First Installment 4,682,510.25 89,819,060.25
2 nd Installment 4,940,048.31 94,759,108.56
Total 9,622,558.56
94,759,108.56
2nd Year
Grace Period First Installment 7,896,592.38 5,211,750.97 13,108,343.35 86,862,516.18
2 nd Installment 7,896,592.38 4,777,438.39 12,674,030.77 78,965,923.80
Total 15,793,184.76 9,989,189.36 25,782,374.12
78,965,923.80
3 rd Year First Installment 7,896,592.38 4,343,125.81 12,239,718.19 71,069,331.42
2 nd Installment 7,896,592.38 3,908,813.23 11,805,405.61 63,172,739.04
Total 15,793,184.76 8,251,939.04 24,045,123.80
63,172,739.04
4th Year First Installment 7,896,592.38 3,474,500.65 11,371,093.03 55,276,146.66
2 nd Installment 7,896,592.38 3,040,188.07 10,936,780.45 47,379,554.28
Total 15,793,184.76 6,514,688.71 22,307,873.47
47,379,554.28
2 nd Installment 7,896,592.38 2,171,562.90 10,068,155.28 31,586,369.52
Total 15,793,184.76 4,777,438.39 20,570,623.15
31,586,369.52
2 nd Installment 7,896,592.38 1,302,937.74 9,199,530.12 15,793,184.76
Total 15,793,184.76 3,040,188.07 18,833,372.83
15,793,184.76
7th Year First Installment 7,896,592.38 868,625.16 8,765,217.54 7,896,592.38
2 nd Installment 7,896,592.38 434,312.58 8,330,904.96 (0.00)
Total 15,793,184.76 1,302,937.74 17,096,122.50
(0.00)
Page 56 of 64
Grand Total 94,759,108.56 43,498,939.88 128,635,489.88
Page 57 of 64
ANNEXURE XX
SENSITIVITY ANALYSIS
Sensitivity Analysis Based on the Decrease in Sales Capacity By 10%

A. Sales Revenue 257,025,015.00 288,109,710.00 296,567,325.00 316,338,480.00 316,338,480.00
Cost Of Goods Sold:
Raw Material Cost 193,374,324.00 208,249,272.00 223,124,220.00 237,999,168.00 237,999,168.00
Factory Wages 8,162,000.00 8,570,100.00 8,998,605.00 9,448,535.25 9,920,962.01
11,158,000.00 11,615,900.00 12,096,695.00 12,601,530.00 13,131,606.00
Overhead)
B. Total cost of goods sold 225,064,624.00 239,606,042.00 254,308,838.00 269,163,463.25 269,286,694.01
C. Gross Profit ( A-B) 31,960,391.00 48,503,668.00 42,258,487.00 47,175,016.75 47,051,785.99
Operating Expenses
D. Total Expenses 21,117,559.00 21,885,689.00 20,570,014.00 19,275,417.00 18,002,953.00
F. Income Tax @ 3,794,991.20 9,316,292.65 7,590,965.55 9,764,859.91 10,167,091.55
H. Dividend 1,409,568.16 3,460,337.27 2,819,501.49 3,626,947.97 3,776,348.29
Net Profit (G-H) 5,638,272.64 13,841,349.08 11,278,005.96 14,507,791.87 15,105,393.15
Balance Carried Forward To Balance Sheet 5,638,272.64 19,479,621.72 30,757,627.68 45,265,419.55 60,370,812.70
Profitability Ratio
Page 58 of 64
Percentage of Gross Profit= GP/Sale 12 % 17 % 14 % 15 % 15 %

4% 9% 7% 9% 9%
NP/Sale
3% 6% 5% 6% 6%
NP/Sale
Sensitivity Analysis Based on the Increase in Cost of Raw Materials By 10%

A. Sales Revenue 285,583,350.00 320,121,900.00 329,519,250.00 351,487,200.00 351,487,200.00
Cost Of Goods Sold:
Raw Material Cost 212,711,756.40 229,074,199.20 245,436,642.00 261,799,084.80 261,799,084.80
Factory Wages 8,162,000.00 8,570,100.00 8,998,605.00 9,448,535.25 9,920,962.01
11,158,000.00 11,615,900.00 12,096,695.00 12,601,530.00 13,131,606.00
Overhead)
B. Total cost of goods sold 244,402,056.40 260,430,969.20 276,621,260.00 292,963,380.05 293,086,610.81
C. Gross Profit ( A-B) 41,181,293.60 59,690,930.80 52,897,990.00 58,523,819.95 58,400,589.19
Less: Operating Expenses
D. Total Expenses 21,117,559.00 21,885,689.00 20,570,014.00 19,275,417.00 18,002,953.00
F. Income Tax @ 7,022,307.11 13,231,834.63 11,314,791.60 13,736,941.03 14,139,172.67
H. Dividend 2,608,285.50 4,914,681.43 4,202,636.88 5,102,292.38 5,251,692.70
Page 59 of 64
Net Profit (G-H) 10,433,141.99 19,658,725.74 16,810,547.52 20,409,169.53 21,006,770.82

Balance Carried Forward To Balance Sheet 10,433,141.99 30,091,867.73 46,902,415.25 67,311,584.78 88,318,355.60
Profitability Ratio
Percentage of Gross Profit= GP/Sale 14% 19% 16% 17% 17%
7% 12% 10% 11% 11%
NP/Sale
5% 8% 6% 7% 7%
NP/Sale
Page 60 of 64
ANNEXURE XXI
RAW MATERIALS COST PER UNIT
Raw Materials Cost Per Unit

SL No. Raw Materials Cost
Product Name Unit (Tk.)
01 Jacquard Elastic Yds 9.73
02 Needle Elastic Yds 5.00
03 Poly Bag (PP) Kg 124.00
04 Poly Bag (LDPE) Kg 124.00
05 Poly Bag (HDPE) Kg 124.00
06 Gum Tape Kg 80.00
Page 61 of 64
ATTACHMENT: I
IMPORTED MACHINERIES
Parboiling Plant(Three Stage 64 Tones Capacity)

SL Price in
Particulars Of The Equipments Qty
No (USD)
1(A) NON PRESSURE PARBOILING SOAKING TANKS
12 NOS.
OF 5.34 T CAPACITY WITH 4 MM S.S BODY.
1 (B) KACHHI TANKS OF 350 KG CAPACITY WITH 2.5 MM SS BODY . 12 NOS
1(C) PAKKI TANKS OF 35O KG CAPACITY WITH 2.5 MM SS BODY, 12 NOS
1 (D) PADDY MECHANICAL DISCHARGE VALVES(10) 12 NOS
2 PADDY RECEIVING BIN
IN M.S CONSTRUCTION TO RECEIVE AND STORE PADDY OF 64 T
CAPACITY, BIN PANELS, HOPPER OF 2 MM THK S.S SHEET AND TOP 64 T 1 SET
CAPACITY, BIN PANELS, HOPPER OF 2 MM THK S.S SHEET AND TOP
COVER OF 2 MM THK M.S SHEET.
3 SUPPORTING STRUCTURE
IN M.S CONSTRUCTIONCONSISTING OF COLUMNS AND BEAMS TO
1 LOT
SUPPORT TANKS AND PADDY BIN, STAIRCASE, LADDER, PLATFORM OF 180,000.00
M.S PLATE, HAND RAILING, ETC
4 BELT CONVEYOR
IN M.S CONSTRUCTION OF SUITABLE CAPACITY FOR CONVEYING HOT
PARBOILED PADDY FROM TANKS 2 NOS
TO LOADING BELT CONVEYOR ITTED AND DRIVE MECHANISM
5 PIPELINE AND FITTINGS

1 SET
WITH 65 NB WATER LINE AND 50 NB STEAM LINE.
6 LOADING BUCKET ELEVATOR: 1 SET
IN M.S. ANGLE STRUCTURE COMPLETE WITH COOTON BELT(9), PVC
BUCKETS(8), DRIVING MECHANISM.TOP & BOTTOM CASING OF 2 MM
M.S SHEET AND MIDDLE CASING OF 2 MM THK. M.S SHEET.
7 ERECTION & COMMISSIONING CHARGES INCLUDING SUPERVISION 13,500
Page 62 of 64
ATTACHMENT: II
LOCALLY PRODUCED MACHINERY
Pre-Cleaning Section
Item Model and Description Qty Unit Price Total
01 DCS50l Flow Scale 3 6400 19200
02 TQLZ180 Vibratory Cleaner 3 7800 23400
03 SCY 150 Drum Sieve 3 6400 19400
04 Paddy suction systems (with one set padder collecting Complete Set 9900 9900
bin, one set 15 KW Blower, One set 16 L air lock and
pipes)
05 Sea Freight 5000 5000
Total value C& F Chittagong port, Bangladesh 76,900
Pre-Cleaning Section
Item Model and Description Qty Unit Price Total
01 Vibratory Cleaner Motor with inverter 3 ton 10,00,000 30,00,000
02 Drum Sieve Motor with gear and inverter 3 ton 10,30,000 30,90,000
03 Wire package 5,50,000 5,50,000
04 Panel Board package 15,60,000 15,60,000
Total value C& F Chittagong port, Bangladesh 82,00,000
102,500
Page 63 of 64
Attachment: III
CONSTRUCTION OF SHEDS
Details of Construction
SL
Description Types Dimension Estimated cost Tk.
No.
Civil 16,500,000.00
01 Milling House (200*100*50)
Steel 27,500,000.00
Ware House Civil 8,500,000.00
02 (200*100*50)
(Raw Materials) Steel 26,000,000.00
Civil 3,500,000.00
03 Boiler House (50*70*35)
Steel 11,000,000.00
04 Boiler Unit Civil 1,500,000.00
Civil 900,000.00
05 Husk bin
Steel 4,600,000.00
06 Ash Bin Steel 4,200,000.00
07 Sub Station building Civil (40*70) 4,949,000.00
Multi Storied buildings For
08 Civil (100*34) 32,000,000.00
the factory staff
Ware House
09 Civil (105*76*37) 18,500,000.00
(Finished Goods)
Page 64 of 64

Garments Accessories Pre-Investment Feasibility Report

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Garments Accessories Pre-Investment Feasibility Report

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Sena Accessories Ltd.

1. Name of the project:

SENA ACCESSORIES LIMITED.

2. Location of the project:

Rated production capacity at 100% Garments Accessories production at capacity utilization

4. Investment and Means of Finance:

Details of Sponsoring Directors

8. Buildings and Civil works:

9. Plant and Machinery:

11.03 Debt- Equity Ratios (%):

b. Working Capital: 70: 30

11.04 Profitability Ratio:

11.05 Debt- Service coverage Ratio:

11.06 Pay Back Period of Project: 4.41 = 4 years 5 months approximately

1.1 Legal status of the Company:

Status of the Sponsoring Directors

SL Name of the Experience in trade &

b. Partner (Past Business)

02. Mohammad M.A A Dynamic Business a. Managing Director (2014 to continue)

c. Partner (Past Business)

d. Partner (Past Business)

Arambagh , Rupnagar R/A, Mirpur,Dhaka.

1.3Management and Organization:

1.4 Equity Mobilization:

1.5 Debt Utilization:

Rated production capacity at 100% Garments Accessories production at capacity utilization

2.3 Building and other Civil Works:

2. 4 Machinery and Equipment:

Technical, Administrative Personnel & Laborers:

Description ESTIMATION IN MONTH

EPI, D2W (1-2%) to make the bag been degradable.

3.3 Capital Machinery with Their Features:

i. LDPE Plastic Film extruding machine with winding station:

iii. Automatic Rewinding machine:

Rewind press Roller: AC HP

iv. Narrow fabric weaving machine:

v. Warp Knitting Machine:

vi. Warping machine for rigid yarn:

Control system: SERVO motor

vii. Double bed raschel machine :

viii. Braiding machine:

ix. Cutting machine:

Cutting system : Circular blade 250mm

ix. Automatic Cutting machine:

PRODUCT, PRODUCTION CAPACITY AND COSTS

4.2 Data Regarding Raw Materials:

Production Name Name of Raw Materials Required Raw Materials

4.3 Production Capacity:

Rated production capacity at 100% Garments Accessories production at capacity utilization

4.4 Capital Cost:

4.5 Quality Control:

4.6 Counter Measure for Environment Pollution:

4.8 Man Power Requirement:

Sl No. Position No of Employee

Sales & Marketing Dept:

Sl No. Position No of Employee

4.9 Installation, Commissioning and Trial Run:

4.10 Source of Energy

4.11 Building and Civil Works:

4.11 Operation life of the project:

The project has a minimum 12 year operating life.

5.2 Garments Accessories & Packaging Industry:

5.3 Export Information: