Business PlanParticulars Option I Option II Addl.for Retail

(Automatic) (Auto+Manual)Production (per month)Conversion Watt 1,650,000 2,410,000 - Retail Watt - - 180,000

1,650,000 2,410,000 180,000

Rate Per/Watt 2.20 2.20 43.00

Total Revenue 3,630,000 5,302,000 7,740,000

ExpensesRaw Materials (Rs.36.50/Watt) 36.50 6,570,000 Plant Wages 2,076,202 2,161,202 636,988 Offce Salary 622,293 622,293 300,000 Electricity,Fuel 0.57 936,856 1,368,377 102,202 Budgeted Overhead 607,707 607,707 - Monthly Expenses 4,243,058 4,759,579 7,609,190 EBIDTA -613,058 542,421 130,810

Finance Cost (15.30% on Rs.20.00 Cr) 2,550,000 2,550,000 Depreciation (on Rs.20.00 Crores) 2,198,711 2,198,711

Total Cost 4,748,711 4,748,711

Profit / (Loss) -5,361,769 -4,206,291 130,810

Option II+Retail

2,410,000 180,000 2,590,000

13,042,000

6,570,000 2,798,190 922,293 1,470,580 607,707 12,368,770 673,230 - 2,550,000 2,198,711 - 4,748,711 - -4,075,481

ProductionMonths (Watt) Electricity DG Fuel Per WattJun-13 888,928 531,913 180,148 Jul-13 1,998,886 871,363 299,218 0.59 Aug-13 882,097 458,879 56,040 0.58 Sep-13 938,740 624,478 56,240 0.73 Oct-13 1,327,280 542,543 96,960 0.48 Nov-13 929,475 444,451 - 0.48 Dec-13

6,965,406 3,473,627 688,606

Jul-Nov 13 6,076,478 2,941,714 508,458 0.57 Avg.

SYNERGY ELECTRIC PRIVATE LIMITED

Schedule forming part of the Balance SheetDetails of Fixed Assets As on 30.11.2013

Schedule-'4' Gross Block

WDV As on Addition/ Particulars Rate 01.04.2013 (Deduction)

FIXED ASSETSLand 0.00% 2,555,709.00 - God Statue 0.00% 61,876.00 - Factory Building 10.00% 168,947,156.55 20,280.00 Flat 10.00% 5,641,841.00 Computer 40.00% 2,815,655.05 261,937.00 Motor Car 25.89% 1,133,870.00 Furniture & Fixture 18.10% 34,200,216.43 88,374.00 Electrical Installation 13.91% 48,644,865.49 166,929.00 Office Equipment 13.91% 2,075,634.68 37,205.00 Plant & Machinery 13.91% 384,877,546.25 Technical Knowhow 20.00% 1,000,000.00 Patent & Trade Mark 20.00% 8,000.00

Total 651,962,370.45 574,725.00

Previous Year 104,138,704.19 547,823,666.26

For Rs.20.00 Cr. (Proportionate)

Electrical Expenses

Sales PromotionPostage & Courier ChargesDuties and Taxes-Service Tax Paid-Sales Tax Penalty- Excise - Penalty- Mot DutySecurity ChargesTender and Licence FeesRecruitment ChargesRepair & Maintenance- Machinery- Factory & Office- OthersBank Charges

SYNERGY ELECTRIC PRIVATE LIMITED

Schedule forming part of the Balance SheetDetails of Fixed Assets As on 30.11.2013

Gross Block Depreciation As on As on for the Written

30.09.2013 01.04.2013 year Back

2,555,709.00 - - - 61,876.00 - - - 168,967,436.55 26,467,352.86 14,250,008.00 - 5,641,841.00 474,532.84 516,731.00 3,077,592.05 1,644,861.43 573,092.00 - 1,133,870.00 149,914.49 254,746.00 34,288,590.43 1,714,063.58 5,895,989.00 - 48,811,794.49 7,335,888.92 5,769,298.00 - 2,112,839.68 704,448.55 195,907.00 - 384,877,546.25 19,221,420.38 50,862,767.00 - 1,000,000.00 718,105.42 56,379.00 - 8,000.00 5,772.14 446.00 - 652,537,095.45 58,436,360.61 78,375,363.00 -

651,962,370.45 44,472,117.58 13,964,243.03

Per Year 26,384,537 Per Month 2,198,711

1,288,201.00

2,503.00 340,497.00 777,816.00 1,197,282.00

1,120,816.00 76,466.00

397,330.00 464,519.59 476,312.75 94,133.00

12,258.00 45,000.00 5,075.00 23,265.00 737,130.00 247,828.00 131,278.00

506,042.00 522,201.00 83,570.00 2,072,627.37

283,331.40

SYNERGY ELECTRIC PRIVATE LIMITED

Schedule forming part of the Balance SheetDetails of Fixed Assets As on 30.11.2013

(Amount In Rs)

Depreciation NET BLOCK As on As on As on

31.03.2014 31.03.2013

- 2,555,709.00 2,555,709.00 - 61,876.00 61,876.00 40,717,360.86 128,250,075.69 142,479,803.69 991,263.84 4,650,577.16 5,167,308.16 2,217,953.43 859,638.62 1,170,793.62 404,660.49 729,209.51 983,955.51 7,610,052.58 26,678,537.85 32,486,152.85 13,105,186.92 35,706,607.57 41,308,976.57 900,355.55 1,212,484.13 1,371,186.13 70,084,187.38 314,793,358.87 365,656,125.87 774,484.42 225,515.58 281,894.58 6,218.14 1,781.86 2,227.86 136,811,723.61 515,725,371.84 593,526,009.84

58,436,360.61 593,526,009.84 59,666,586.61 31

VIKRAM SOLAR WORKING

ASSUMPTIONSSCENARIO 1 SCENARIO 2

1 Inflow of raw material for 2MW 1 Inflow of raw material for 2.5MW2 EVA curing time 20min 2 EVA curing time 16min3 Working 26 days X 3shifts 3 Working 30 days X 3shifts4 Retail Sales - 300kWp 4 Retail Sales - Nil5 Price Rs2.20/Wp 5 Price Rs2.20/Wp6 Cell bin size 4Wp 6 Cell bin size 4.2Wp

Working time calculationLunch/Tea Break 3 shifts 2 HoursRemaining Time for production 22 Hours (92% efficiency)

Machine Capacity Calculation Scenario-1

Machine Name Optimum Working Capacity

1 S & T Machine Automatic NPC 1200 10002 Laminator NPC (20min cycle) 720 7203 Sun Simulator NPC 3600 36004 Manual Laminator HHV 360 3605 Laser Cutting Machine Capacity 150 1506 Lowest Capacity Link (Auto) 720 720

Monthly working capacityAutomatic Line 1.65Spare Laminator capacity* (Retail Production) 208.00

Machine Capacity Calculation Scenario-2

Machine Name Optimum Working Capacity

1 S & T Machine Automatic NPC 1200 10002 Laminator NPC (16min cycle) 960 9603 Sun Simulator NPC 3600 36004 Manual Laminator HHV 360 3605 Laser Cutting Machine Capacity 150 1506 Lowest Capacity Link (Auto + Manual) 1320 1320

Monthly working capacityAutomatic Line 2.41Spare Laminator capacity** (Retail Production) 182.00

Remarks* Manual spare laminator capacity calculated considering 40Wp module with 16 hous working

Rated Capacity

Rated Capacity

** 14hours taken for retail production as the difference of 40 cell per hour will be consumed on manual HHV laminator

VIKRAM SOLAR WORKING

Cells/HourCells/Hour Cells/HourCells/HourCells/HourCells/Hour

92%MWpKWp

Cells/HourCells/Hour Cells/HourCells/HourCells/HourCells/Hour

92%MWpKWp

MANPOWER PLANNING

MANPOWER REQUIREMENT FOR AUTOMATIC LINE MANPOWER REQUIREMENT FOR MANUAL LINES.No Department No. Of Heads S.No

1 T & S Machine 2 12 EVA & Glass Loading 2 23 Sheet Cutting 2 34 Ribbon Cutting 1 45 Connection 4 56 Layup 4 67 Lamination 2 78 Trimming 2 89 Framing 3 9

10 JB Fixing 2 1011 Module Testing 3 1112 RFID 3 1213 Despatch 6 1314 Maintenance 1 1415 Quality 2 1516 Supervisor 2 16

Total Manpower per shif 41Requirement for 3 shift 123

Total Strength required for Auto + Manual Line per shiftTotal Strength required for Auto + Manual 3 shift

MANPOWER PLANNING

MANPOWER REQUIREMENT FOR MANUAL LINEDepartment No. Of Heads

Cell Testing 2Lazor Cutting 2Front Tabbing 6Back Tabbing 5Connection 4Layup 4Lamination 3Trimming 1Framing 2JB Fixing 1Module Testing 2RFID 3Despatch 4Maintenance 1Quality 1Supervisor 1Total Manpower per shift 42Requirement for 3 shift 84

83249

SALARY AND WAGES CALCULATION

A. Managerial positions at PlantS.No Positions No of Position Sal (Rs.)/Annum

1 Plant Manager 1 1,500,000 2 Shift Manager 3 600,000 3 Quality Control Manager 1 1,000,000 4 Maintenance Manager 1 600,000 5 Design Engineer 1 600,000 6 Admin Manager 1 400,000 7 Quality Engineer 6 400,000 8 Store Incharge 1 400,000 9 Store Assistant 3 150,000

10 General Executives 4 150,000 Total 22 5,800,000

B. Workers Ref:- Average Salary(Rs./Month)Automatic Line 123 151.64 Manual Line 84 103.56 Total Workers 207 255.21

Total Salary Plant 5,800,255.21

Scenario 1 Auto + Managerrial Position 5,800,151.64

Addition Manpower for RetailMarketing Team 4 75,000 Manual Line (Workers) 62 10274Total Salary+Wages for Retail Sales

Managerial positions at PlantTotal Salary (Annual) Sal (Rs.)/Month

1,500,000 125,000.00 1,800,000 150,000.00 1,000,000 83,333.33 600,000 50,000.00 600,000 50,000.00 400,000 33,333.33 2,400,000 200,000.00 400,000 33,333.33 450,000 37,500.00 600,000 50,000.00 9,750,000 812,500.00

10,274.00 1,263,702.00 863,016.00 2,126,718.00 2,939,218.00

2,076,202.00

300,000 636,988 936,988

Synergy Electric Pvt. Ltd. MISMonth ---->

Date ----> BudgetedParticulars Amount Salary & WagesSalary - Workers,Supervisors 698,288 Salary - Staffs 728,094 Security 42,162 60,707 House Keeping 32,235 PF,ESI 101,255

Power & FuelElectricity 450,000 Fuel for Generator 100,000

Other ExpensesTelephone, Internet 28,000 28,000 Printing,Stationery 5,000 5,000 Postage & Courier 2,000 2,000 Travelling & Conveyance 250,000 250,000 Freight,Carriage 20,000 20,000 Bank Charges 2,000 2,000 Repair & Maintenance 40,000 40,000 Misc/Expenses 200,000 200,000

Total expenses 2,699,034 607,707 <------- Taken for Business Plan

Synergy Electric Pvt. Ltd.1-Dec-2013 to 31-Dec-2013 Salary Sheet

Particulars Absent Present BASIC HRA

Axis Bank Employees 4 Days 352596.00 138244.00 94299.00 16097.00

Amlan Mukherjee SRE0062 10668.00 2136.00 310.00 800.00

Cheema HNPS SRE0084 150000.00 75000.00 65750.00

Debasis Roy SRE0068 8886.00 1783.00 557.00 800.00

Dhrubajyoti Thakur SRE0061 58010.00 11606.00 1287.00 1400.00

Raj Kumar SRE0105 8000.00 1600.00 2400.00

Shyamal Kumar Das SRE0087 12000.00 2400.00 1020.00 800.00

Anup Kumar Sen SRE0151 34000.00 17000.00 9000.00 10000.00

G.Prabhakar Rao 36000.00 7200.00 800.00

Pankaj Kumar SRE0158 4 Days 23000.00 13800.00 6975.00 800.00

Tamal Choudhury SRE0160 15000.00 7500.00 7900.00 800.00

Total 355564.00 140025.00 95199.00 16200.00

Gross Salary

PF

ESI

Employee Number

OTHER ALLOWEN

CE

TRAVELLING

ESI TDS

601236.00 665.00 1610.00 3900.00 9600.00 62686.00 78461.00 528527.00

13914.00 244.00 110.00 780.00 1134.00 12780.00

290750.00 200.00 57330.00 57530.00 233220.00

12026.00 211.00 110.00 780.00 1101.00 10925.00

72303.00 200.00 780.00 980.00 71323.00

12000.00 210.00 110.00 960.00 1280.00 10720.00

16220.00 130.00 780.00 910.00 15310.00

70000.00 200.00 4080.00 4120.00 8400.00 61600.00

44000.00 200.00 780.00 980.00 43020.00

44575.00 200.00 2760.00 1236.00 4196.00 40379.00

31200.00 150.00 1800.00 1950.00 29250.00

606988.00 665.00 1610.00 3900.00 9600.00 62686.00 78461.00 528527.00

606,988 13,500 1,805 622,293

Total Earnings

PROF. TAX

PROVIDENT FUND

PROVIDENT FUND

12%

Total Deduction

s

Net Amount