6.3 ABC Terminal Ltd_Question Abccccc

8/18/2019 6.3 ABC Terminal Ltd_Question Abccccc

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Unit Value Mar-2014

Calendar

Construction start date 01-Apr-13

Construction end date 31-Mar-15

Commercial operations start date 01-Apr-15

Construction fag 1

Construction days 365

Operation fag 0

Operation days 0

Revenue Assumptions

Trac escalation

Total Trac MMT 5

Tari escalation

Total Tari s! " MT 300

Operating Cost Assumptions

e#enue $%are s! " MT 10&

'o(er cost escalation

Total 'o(er cost s! " MT 50

Ot%er cost escalation

Total Ot%er costs s! Crores )0

Capex Assumptions

Ci#il *or+s s! Cr )00 ,0

.uipment s! Cr )00 ,0Ot%ers s! Cr 30 1)

Funding Assumptions

/

2nterest ate 16&

/et dra(do(n start date 01-Apr-13

/et dra(do(n end date 31-Mar-15

All assumptions in Blue


2/79

epayment start date 01-Apr-16

epayment end date 31-Mar-)6

/et epayment per annum s! Crores 0&

Statutor Assumptions

Ta4 ate 3)!5&

/epreciation rates - $M

Ci#il *or+ 3!0&

.uipment !5&

/epreciation rates - */7

Ci#il *or+ 10&

.uipment 15&

A#erage /$C 0!00


3/79

Mar-201! Mar-201" Mar-201# Mar-201$ Mar-201%

1 0 0 0 0

365 0 0 0 0

0 1 1 1 1

0 366 365 365 365

1)0

1)01,


4/79


5/79

Mar-2020 Mar-2021 Mar-2022 Mar-202& Mar-2024

0 0 0 0 0

0 0 0 0 0

1 1 1 1 1

366 365 365 365 366


6/79


7/79

Mar-202! Mar-202" Mar-202# Mar-202$ Mar-202%

0 0 0 0 0

0 0 0 0 0

1 1 1 1 1

365 365 365 366 365


8/79


9/79


10/79


11/79

Mar-20&! Mar-20&" Mar-20 Mar-20&$ Mar-20&%

0 0 0 0 0

0 0 0 0 0

1 1 1 1 1

365 366 365 365 365


12/79


13/79

Mar-2040 Mar-2041 Mar-2042 Mar-204&

0 0 0 0

0 0 0 0

1 1 1 1

366 365 365 365


14/79


15/79

'ear (nding Mar-2014 Mar-201! Mar-201"

Construction days 365 365 0

Operation days 0 0 366

0!0 0!60

Ci#il *or+ )00 ,0!00 1)0!00

.uipment )00 ,0!00 1)0!00

Ot%er 30 1)!00 1,!00

2/C 82nterest during construct 5!53136 11!6 )!

C*2' Added 1,3!6 300!

C*2' 1,3!6 ,!53

)otal *ro+e,t Cost 4$4!& 1$&#" &00##

Sour,es o. .unding

.uity 96!906)5 36!5 60!15

/et 3,!6)51 1!01 )0!6)

Total ,!53 1,3!6 300!

.uity Outstanding 36!5 96!91

/et Outstanding 1!01 3,!63

/:T ,0&

)0&



16/79

Mar-201# Mar-201$ Mar-201% Mar-2020 Mar-2021 Mar-2022 Mar-202&

0 0 0 0 0 0 0

365 365 365 366 365 365 365


17/79

Mar-2024 Mar-202! Mar-202" Mar-202# Mar-202$ Mar-202% Mar-20&0

0 0 0 0 0 0 0

366 365 365 365 366 365 365


18/79

Mar-20&1 Mar-20&2 Mar-20&& Mar-20&4 Mar-20&! Mar-20&" Mar-20

0 0 0 0 0 0 0

365 366 365 365 365 366 365


19/79

Mar-20&$ Mar-20&% Mar-2040 Mar-2041 Mar-2042 Mar-204&

0 0 0 0 0 0

365 365 366 365 365 365


20/79

Civil /or (uipment

Ci#il *or+ )00!00

.uipment )00!00

Ot%er 15!00 15!00

2/C )!) )!)

Total ))!) ))!)



21/79

Depreciation in incurred only after operation begins




SM

Civil3Stru,tural /or

;ross :loc+ ))!)

Op :alance ))!)

Addition during t%e period 0!00

/epreciation


22/79

Addition during t%e period

/epreciation


23/79


0 0 0 0 0 0 0

365 365 365 366 365 365 365

))!) ))!) ))!) ))!) ))!) ))!) ))!)

)33!30 ))!3 )15!3 )06!1 19!5 1,,!, 19!5)

0!00 0!00 0!00 0!00 0!00 0!00 0!00

,!96 ,!96 ,!96 ,!96 ,!96 ,!96 ,!96

1!93 )6!,9 35!,6 !,) 53!, 6)!5 1!1

))!3 )15!3 )06!1 19!5 1,,!, 19!5) 10!56

))!) ))!) ))!) ))!) ))!) ))!) ))!)

)30!6 )19!)5 )0! 196!) 1,!3 13!)) 161!1

0!00 0!00 0!00 0!00 0!00 0!00 0!00

11!51 11!51 11!51 11!51 11!51 11!51 11!51

)3!0) 3!5) 6!03 5!5 69!05 ,0!55 9)!06

)19!)5 )0! 196!) 1,!3 13!)) 161!1 150!)0

,!53 ,!53 ,!53 ,!53 ,!53 ,!53 ,!53

6!06 3!59 )3!1) 0)!65 3,)!1 361!0 31!)3

0!00 0!00 0!00 0!00 0!00 0!00 0!00

)0! )0! )0! )0! )0! )0! )0!

0!9 61!1 ,1!,9 10)!36 1))!,3 13!30 163!

3!59 )3!1) 0)!65 3,)!1 361!0 31!)3 3)0!6


24/79


25/79


0 0 0 0 0 0 0

366 365 365 365 366 365 365

))!) ))!) ))!) ))!) ))!) ))!) ))!)

10!56 161!59 15)!63 13!66 13!0 1)5! 116!

0!00 0!00 0!00 0!00 0!00 0!00 0!00

,!96 ,!96 ,!96 ,!96 ,!96 ,!96 ,!96

,0!6 ,9!6 9,!60 10!5 116!53 1)5!9 13!6

161!59 15)!63 13!66 13!0 1)5! 116! 10!,1

))!) ))!) ))!) ))!) ))!) ))!) ))!)

150!)0 13,!0 1)!19 115!6, 10!1 9)!6 ,1!16

0!00 0!00 0!00 0!00 0!00 0!00 0!00

11!51 11!51 11!51 11!51 11!51 11!51 11!51

103!5 115!0, 1)6!5, 13,!09 19!60 161!11 1)!61

13,!0 1)!19 115!6, 10!1 9)!6 ,1!16 69!65

,!53 ,!53 ,!53 ,!53 ,!53 ,!53 ,!53

3)0!6 300!)9 )9!,) )59!35 )3,!, )1,!0 19!93

0!00 0!00 0!00 0!00 0!00 0!00 0!00

)0! )0! )0! )0! )0! )0! )0!

1,!) )0!1 ))5!19 )5!66 )66!13 ),6!60 30!0

300!)9 )9!,) )59!35 )3,!, )1,!0 19!93 1!6


26/79


27/79


0 0 0 0 0 0 0

365 366 365 365 365 366 365

))!) ))!) ))!) ))!) ))!) ))!) ))!)

10!,1 9,!, ,9!,, ,0!9) 1!95 6)!99 5!03

0!00 0!00 0!00 0!00 0!00 0!00 0!00

,!96 ,!96 ,!96 ,!96 ,!96 ,!96 ,!96

13!) 15)!39 161!35 10!31 19!), 1,,!) 19!)0

9,!, ,9!,, ,0!9) 1!95 6)!99 5!03 5!06

))!) ))!) ))!) ))!) ))!) ))!) ))!)

69!65 5,!1 6!6 35!13 )3!6) 1)!11 0!61

0!00 0!00 0!00 0!00 0!00 0!00 0!00

11!51 11!51 11!51 11!51 11!51 11!51 11!51

1,!1) 195!63 )0!1 )1,!6 )30!15 )1!66 )53!1

5,!1 6!6 35!13 )3!6) 1)!11 0!61 -10!90

,!53 ,!53 ,!53 ,!53 ,!53 ,!53 ,!53

1!6 156!99 136!5) 116!05 95!5 5!10 5!63

0!00 0!00 0!00 0!00 0!00 0!00 0!00

)0! )0! )0! )0! )0! )0! )0!

3)!5 3,!01 36,!9 3,,!96 09!3 )9!90 50!3

156!99 136!5) 116!05 95!5 5!10 5!63 3!16


28/79


29/79


0 0 0 0 0 0

365 365 366 365 365 365

))!) ))!) ))!) ))!) ))!) ))!)

5!06 36!10 )!13 1,!1 9!)1 0!)

0!00 0!00 0!00 0!00 0!00 0!00

,!96 ,!96 ,!96 ,!96 ,!96 ,!96

)06!1 )15!13 ))!10 )33!06 ))!0) )50!99

36!10 )!13 1,!1 9!)1 0!) -,!)

))!) ))!) ))!) ))!) ))!) ))!)

-10!90 -))!1 -33!9) -5!) -56!93 -6,!

0!00 0!00 0!00 0!00 0!00 0!00

11!51 11!51 11!51 11!51 11!51 11!51

)6!6, )6!1, ),!69 )99!)0 310!1 3))!)1

-))!1 -33!9) -5!) -56!93 -6,! -9!95

,!53 ,!53 ,!53 ,!53 ,!53 ,!53

3!16 13!69 -6!, -)!)5 -!3 -6,!)0

0!00 0!00 0!00 0!00 0!00 0!00

)0! )0! )0! )0! )0! )0!

0!, 91!31 511!9 53)!)6 55)!3 53!)0

13!69 -6!, -)!)5 -!3 -6,!)0 -,,!6


30/79


31/79




10

16&

Opening :alance 0!00 1!01 3,!63

Total /ra(do(n 1!01 )0!6) 0!00

Total det repayment 0!00 0!00 0!00

Total 2nterest e4pense 0!00 0!00 6)!0)

Total 2/C 11!6 )! 0!00

Closing :alance 1!01 3,!63 3,!63



32/79


0 0 0 0 0 0 0

365 365 365 366 365 365 365

3,!63 3,!,6 310!10 )1!3 )3)!5, 193!,1 155!05

0!00 0!00 0!00 0!00 0!00 0!00 0!00

3,!6 3,!6 3,!6 3,!6 3,!6 3,!6 3,!6

6)!0) 55!,) 9!6) 3!1 3!)1 31!01 )!,1

0!00 0!00 0!00 0!00 0!00 0!00 0!00

3,!,6 310!10 )1!3 )3)!5, 193!,1 155!05 116!)9


33/79


0 0 0 0 0 0 0

366 365 365 365 366 365 365

116!)9 !53 3,!6

0!00 0!00 0!00

3,!6 3,!6 3,!6

1,!61 1)!0 6!)0

0!00 0!00 0!00

!53 3,!6 0!00


34/79


0 0 0 0 0 0 0

365 366 365 365 365 366 365


35/79


0 0 0 0 0 0

365 365 366 365 365 365


36/79

10

50& 300 &

'ear (nding Mar-2014 Mar-201! Mar-201" Mar-201#

Construction days 365 365 0 0

Operation days 0 0 366 365

Total Cargo =andling 2ncome 0!00 0!00 1500!00 1560!00



37/79

100&

Mar-201$ Mar-201% Mar-2020 Mar-2021 Mar-2022 Mar-202& Mar-2024

0 0 0 0 0 0 0

365 365 366 365 365 365 366

16))!0 1)!0 1,1)!10 1,,!5, 1959!96 )03,!36 )119!90


38/79

Mar-202! Mar-202" Mar-202# Mar-202$ Mar-202% Mar-20&0 Mar-20&1

0 0 0 0 0 0 0

365 365 365 366 365 365 365

))0!69 ))9)!,, )3,!59 )9!9, )59!1, )6,)!3 ),9!6


39/79

Mar-20&2 Mar-20&& Mar-20&4 Mar-20&! Mar-20&" Mar-20 Mar-20&$

0 0 0 0 0 0 0

366 365 365 365 366 365 365

)901!)) 301!) 313!96 3)63!, 339!0) 35)9!, 360!9


40/79

Mar-20&% Mar-2040 Mar-2041 Mar-2042 Mar-204&

0 0 0 0 0

365 366 365 365 365

3,1!,1 390!53 1)9!35 )9!5) 66!30


41/79

50 10 6& &

'ear (nding Mar-2014 Mar-201! Mar-201" Mar-201# Mar-201$

Construction days 365 365 0 0 0

Operation days 0 0 366 365 365

e#enue $%are

50 'o(er and >uel )50!00 )65!00 ),0!90 )9!5 315!6)

)0 cOt%er operating Cost )0!00 )0!,0 )1!63 ))!50 )3!0

Total



42/79

Mar-201% Mar-2020 Mar-2021 Mar-2022 Mar-202& Mar-2024 Mar-202!

0 0 0 0 0 0 0

365 366 365 365 365 366 365

530!00 561!,0 595!51 631!) 669!11 09!)6 51!,)

)!33 )5!31 )6!3) )!3 ),! )9!60 30!9


43/79

Mar-202" Mar-202# Mar-202$ Mar-202% Mar-20&0 Mar-20&1 Mar-20&2

0 0 0 0 0 0 0

365 365 366 365 365 365 366

96!9) ,! ,95!) 99!15 1006!10 1066!6 1130!5

3)!0) 33!30 3!63 36!0) 3!6 3,!96 0!5)


44/79

Mar-20&& Mar-20&4 Mar-20&! Mar-20&" Mar-20 Mar-20&$ Mar-20&%

0 0 0 0 0 0 0

365 365 365 366 365 365 365

119,!), 1)0!1, 136!39 1)!1 151)!,0 1603!5 1699!,

)!1 3!,) 5!5, !0 9!)9 51!) 53!3)


45/79

Mar-2040 Mar-2041 Mar-2042 Mar-204&

0 0 0 0

366 365 365 365

1,01! 1909!, )0)! )15!9

55!5 5!6 59!9 6)!3


46/79




':T

Add :oo+ /epr

ess Ta4 /epr

Ta4ale ':T

Ta4 payale

Ta4 e4pense 8ased on oo+ pro?ts@

C%ange in /e


47/79


0 0 0 0 0 0 0

365 365 365 366 365 365 365


48/79


0 0 0 0 0 0 0

366 365 365 365 366 365 365


49/79


0 0 0 0 0 0 0

365 366 365 365 365 366 365


50/79


0 0 0 0 0 0

365 365 366 365 365 365


51/79

*ro5t and oss




e#enue

ess Operating 4penses

:2T/A

ess /epreciation

:2T

ess 2nterest

:T

ess Ta4

'AT



52/79


0 0 0 0 0 0 0

365 365 366 365 365 365 366


53/79


0 0 0 0 0 0 0

365 365 365 366 365 365 365


54/79

Mar-20&2 Mar-20&& Mar-20&4 Mar-20&! Mar-20&" Mar-20 Mar-20&$

0 0 0 0 0 0 0

366 365 365 365 366 365 365


55/79


0 0 0 0 0

365 366 365 365 365


56/79

6alan,e S7eet




ia8ilities

.uity 36!5 96!91 96!91 96!91

eser#es and $urplus

/et 1!01 3,!63 3,!63 3,!,6

/ei4ed Assetsess /epreciation

et >i4ed Assets

C*2' 1,3!6 ,!53

Cas%

Total 1,3!6 ,!53

C%ec+



57/79


0 0 0 0 0 0 0

365 365 366 365 365 365 366

96!91 96!91 96!91 96!91 96!91 96!91 96!91

310!10 )1!3 )3)!5, 193!,1 155!05 116!)9 !53

0!01 36,!) 3)9!, )90!) )51!96 )13!19 1!3


58/79


0 0 0 0 0 0 0

365 365 365 366 365 365 365

96!91 96!91 96!91 96!91 96!91 96!91 96!91

3,!6 0!00 0!00 0!00 0!00 0!00 0!00

135!6 96!91 96!91 96!91 96!91 96!91 96!91


59/79


60/79


0 0 0 0 0

365 366 365 365 365

96!91 96!91 96!91 96!91 96!91

0!00 0!00 0!00 0!00 0!00

96!91 96!91 96!91 96!91 96!91


61/79

Cas7 Flo9 Statement




Cas7 Flo9 .rom Operations

'AT

Add /epr

Add/T

et C>O

Cas7 Flo9 .rom :nvestment

ess Addition to capital cost

et C>2

Cas7 Flo9 .rom Finan,ing

2ncrease in e.uity

2ncrease in det

ess /et repaid

et C>>

Opening Cas% :alance

Add C>O

Add C>2Add C>>

Closing Cas% :alance



62/79


63/79


0 0 0 0 0 0 0

365 365 365 366 365 365 365


64/79


65/79


0 0 0 0 0

365 366 365 365 365


66/79




Calculate /$C

Calculate 7alue o< .uity using >C> met%od! Assume suitale Cost o< .uity!

SCR

Cash Available for Debt Service

'AT

Add /epreciation

Add 2nterest Total Cas%

Debt Service Obligations

'rincipal epayment

Add2nterest

Total Oligations

SCR

Average SCR


67/79


0 0 0 0 0 0 0

365 365 366 365 365 365 366


68/79

Mar-202! Mar-202" ;;; ;;; ;;; ;;; ;;; ;;;

0 0 0 0 0 0 0 0

365 365 365 366 365 365 365 366


69/79


70/79

;;; ;;; ;;;

0 0 0

365 365 365


71/79

Output :ndi,ators

2nterest ates 16

)01

0!00

0!10

0!)0

0!30

0!0

0!50

0!60

0!00!,0

0!90

1!00

*ro5ta8ilit Margins

/$C

'AT Margin

OC


72/79

)016 )01

0 /$C 0!00 0!00

'AT Margin B/27"0 B/27"0

OC 0!00& 0!00&

)016 )01

1 /$C 0!00 0!00


73/79


74/79

)01, )019 )0)0 )0)1 )0)) )0)3 )0) )0)5

0!00 0!00 0!00 0!00 0!00 0!00 0!00 0!00

B/27"0 B/27"0 B/27"0 B/27"0 B/27"0 B/27"0 B/27"0 B/27"0

0!00& 0!00& 0!00& 0!00& 0!00& 0!00& 0!00& 0!00&

)01, )019 )0)0 )0)1 )0)) )0)3 )0) )0)5

0!00 0!00 0!00 0!00 0!00 0!00 0!00 0!00


75/79


76/79

)0)6

0!00

B/27"0

0!00&

)0)6

0!00


77/79

1 Dp


78/79

se in $M! 50& depreciation in case asset is put to use


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Date post:	07-Jul-2018
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6.3 ABC Terminal Ltd_Question Abccccc

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