Project title: polystyrene
Project description:
Capacity: 130000 Ton per year
(60000 ton GPPS ,60000 ton HIPS and 10000 ton special grade polystyrene)
Location: Dayyer port (Booshehr)
Local interest: 12%
Foreign interest: 3%
Long –term loans: 70% fixed investment
Short-term loans: 70% working capital
Tax: ---
Construction length: 3years
Production length: 15 years
Exchange rate: 1 million rials(MR)
|
INVESTMENT COSTS
|
Total construction
|
Total production
|
Total investment
|
|
Total fixed investment costs
|
1003606
|
0.0
|
1003606
|
|
Total pre-production expenditures
|
332352
|
0.0
|
332352
|
|
Pre-production expenditures (net of interest)
|
197286
|
0.0
|
197286
|
|
Interest
|
135066
|
0.0
|
135066
|
|
Increase in net working capital
|
0.0
|
290522
|
290522
|
|
TOTAL INVESTMENT COSTS
|
1335958
|
290522
|
1626480
|
| |
|
|
|
|
SOURCES OF FINANCE
|
Total construction
|
Total production
|
Total inflow
|
|
Total equity capital
|
360267
|
119154
|
479421
|
|
foreign
|
0.0
|
0.0
|
0.0
|
|
local
|
360267
|
119154
|
479421
|
|
Total long-term loans
|
975691
|
0.0
|
975691
|
|
foreign
|
487585
|
0.0
|
487585
|
|
local
|
488106
|
0.0
|
488106
|
|
Total short-term loans
|
0.0
|
610095
|
610095
|
|
foreign
|
0.0
|
0.0
|
0.0
|
|
local
|
0.0
|
610095
|
610095
|
|
Accounts payable
|
0.0
|
0.0
|
0.0
|
|
TOTAL SOURCES OF FINANCE
|
1335958
|
729249
|
2065208
|
|
INCOME AND COSTS,OPERATIONS
|
First year
|
Reference year
|
Last year
|
|
|
4
|
6
|
18
|
|
SALES REVENUE
|
1428048
|
1785060
|
1785060
|
|
Factory costs
|
1139469
|
1419911
|
1419911
|
|
Administrative overhead costs
|
0.0
|
0.0
|
0.0
|
|
OPERATING COSTS
|
1139469
|
1419911
|
1419911
|
|
depreciation
|
113514
|
113514
|
3763
|
|
Financial costs
|
73200
|
51530
|
0.0
|
|
TOTAL PRODUCTION COSTS
|
1326184
|
1584956
|
1423675
|
|
Marketing costs
|
15173
|
17851
|
17851
|
|
COSTS OF PRODUCTS
|
1341357
|
1602807
|
1441526
|
|
Interest on short-term deposites
|
0.0
|
0.0
|
0.0
|
|
GROSS PROFIT FROM OPERATIONS
|
86691
|
182253
|
343534
|
|
Extraordinary income
|
0.0
|
0.0
|
0.0
|
|
Extraordinary loss
|
0.0
|
0.0
|
0.0
|
|
Depreciation allowances
|
0.0
|
0.0
|
0.0
|
|
GROSS PROFIT
|
86691
|
182253
|
343534
|
|
Investment allowances
|
0.0
|
0.0
|
0.0
|
|
TAXABLE PROFIT
|
86691
|
182253
|
343534
|
|
Income(corporate)tax
|
0.0
|
0.0
|
0.0
|
|
NET PROFIT
|
86691
|
182253
|
343534
|
|
|
|
|
|
|
RATIOS
|
|
|
|
|
Net present value of total capital invested
|
at 15.00%
|
230753
|
|
|
Internal rate of return on investment (IRR)
|
18.42%
|
|
|
|
Modified IRR on investment
|
18.42%
|
|
|
|
Net present value of total equity capital investment
|
at 15.00%
|
363341
|
|
|
Internal rate of return on equity (IRRE)
|
24.58%
|
|
|
|
Modified IRRE on equity
|
24.58%
|
|
|