PROJECT REPORT

‘NON WOVEN BAGS’

PURPOSE OF THE DOCUMENT

T his particular pre-feasibility is regarding ‘Non woven Bags’ comes under Agro sector

The objective of the pre-feasibility is primarily to facilitate potential entrepreneurs in

project identification for investment and in order to serve this objective; the document
covers various aspects of the project concept development, startup, marketing, and finance
and business management

[We can modify the project capacity and project cost as per your requirement. We can also prepare project report
on any subject as per your requirement.]

M/S Institute for Industrial Development

A unit of M/S Samadhan Associates Pvt Ltd
27/1/B Gokhle Marg
Lucknow 226001
Mail : Samadhan.lko@gmail.com
Web : www.samadhan.net
BRIEF ABOUT INDUSTRY

Non-woven bags are quickly becoming one of the most popular types of reusable bags for
retail use. There are many reasons and benefits driving the popularity. The bags are made
with non-woven polypropylene,or NWPP for short. Non-woven polypropylene bags are made
by taking polypropylene polymers and spinning them into long fluffy threads and then
pressing the threads together to get a flexible fabric with a weave-like texture. The texture
creates fabric that is breathable and washable. More importantly, the non-woven
polypropylene fabric is extremely durable and the color and texture of non-woven
polypropylene bags can last for years. This will allow your customers to continuously use the
bag over and over again. Essentially, your customer can reuse your branded reusable bags for
years to come. By sending your customers home with non-woven polypropylene bags you are
launching a fleet of brand ambassadors for your company that are using your customized
reusable bags in their everyday lives.

Non Woven bags are predominantly used now-a-days in various ways and purpose like for eg.
in Portfolio Bag used in advertisement, Messenger Bag, Shopping Bag, Tote Bag, Carry Bag for
commercial & professional purposes, Shoulder Bag, Grocery Bags, Fashion Bags, Wine Bottle
Bags etc

The world population is around 7 billion and it is expected to reach 8 billion by 2030 and 9
billion respectively by 2050. On an average a person uses approximately 300 bags per year,
therefore the current usage of bags is approximately 2 trillion. This means around 4 million
bags are being used per minute across the world.

Maximum of these bags are polyethylene plastic bags, non-bio-degradable in nature i.e. it
needs 300-450 years to degrade and because of such environmental issues, many countries
have initiated to ban the usage of these plastic bags. The non woven bags have already started
substituting the plastic ones. And nowadays, there is a huge popularity of these nonwoven
bags in major recognized grocery, retail stores, and shopping malls.
Five years down the line, more than 90% of the countries are going to use these nonwoven
and natural fibre made recyclable and reusable bags. Therefore, a non woven bag that comes
under packaging textile of technical textiles would create a boom in the packaging industry.

Reasons to Choose Non-Woven Polypropylene Bags

• This material feels like canvas but is actually a type of plastic

• It is clean, recyclable, and even machine washable.

• Easily customized to convey your brand and brand messaging

• Polypropylene is one of the most versatile types of plastics.

• Stiffness – it will stand up on its own for loading and unloading

• It is strong, flexible, and non-toxic

• Designed for reuse

Main reason for its increased use and popularity

1. Economy
Non-woven shopping bags are an economical bagging option for businesses. They are not only
produced cheaply, the fact that customers keep reusing them reduces the need to produce more
bags. Moreover, as people keep using these bags, any printed advertisement on its surface will be
seen and used to promote the advertised business.

2. Long-lasting
Non-woven shopping bags are made using non-woven fabric like cotton which is firm and durable
enough to last 5 years and to carry even heavy things. This is in contrast to plastic bags which are
manufactured thin to save on its production costs, and are thus flimsy and easily tears.

Of course, though the production costs of non-woven shopping bags is a bit higher than the
production costs of plastic shopping bags, they have a longer life than plastic bags. The laminated
non-woven bags are even better as they are more attractive, water-resistant and durable. They are
also fire-resistant and can withstand temperatures more than 130 degrees C while PET bags start
melting at around 90 degrees C.

3. Great advertisement tool for building a corporate image

Non-woven shopping bags can be printed on much easier than plastic bags. They thus make a better
advertisement tool as they can be easily printed with your company logo and tagline or message.
Moreover, these bags are beautiful enough to be used as tote bags to carry small things whenever
you have to go out. They thus easily attract people’s attention. So with your company logo on it, it
creates a much better advertisement impact than ordinary plastic bag and are much better corporate
branding tool.

In addition to all this, PET bags have developed a bad image for itself as they are considered
wasteful and bad for the environment. They are seen everywhere, in gutters and streets and its
presence here represents the business they advertise in bad light.

On the contrary, businesses which use reusable non-woven bags are considered to be a business
with progressive thoughts and aim at doing something good for the environment. They are not only
recyclable, but can also be frequently reused and are hardly found lying on the streets and in the
garbage. These bags thus create a positive marketing strategy for businesses and help develop a
strong brand image instead of the PET bags which create a negative impact on the market.

4. Environmentally friendly
These bags are 100% recyclable as they are bio-degradable and burn easily without any risk of
toxic contaminants. The bags are also manufactured without using any water or PVC coating. With
the introduction of these reusable bags into the market, the number of bags people use has reduced
considerably.

The use and demand for plastic bags is reduced, and as long as plastic bags are no longer used,
there is no risk of any white pollution anymore. Last, but not least, these bags can be repurposed
when they start wearing out and be made into rugs, clothes and other items.

5. Can be manufactured with extra design features

You can enhance the look of your non-woven shopping bags by incorporating them with various
eye-catching design features. For example, you can add rope handles, metal eyelets, Velcro tabs,
hard based, pockets, name card holders, popper fasteners and even zips to customize and improve
the look, functionality and use of your bags.

As the bags are a great fabric to print on, you can use various printing techniques like silk screen
printing and OPP lamination to print a high-quality design and get your marketing message across
clearly. Moreover, the bags are available in gloss or matte laminate, and in various thicknesses
ranging from 80 mg to 100 mg and 120 mg for you to choose and use based on your budget and
requirements.

Market & Demand Aspects

The advantage of it is cheap, environmentally friendly and practical, widely used. However, the
market of nonwoven bags are not hot up as expected from it has been implementation, non-woven
bags in people's lives gradually spread instead, and voice of people questioned the bags are not
"green" getting larger slowly. The reason is that circulation of non-woven shopping bags of varying
quality, product uniformity, for businesses interested in advertising and gift bags are in people's
homes have piled up, and gesture, resulting in use of non-woven bags in reducing the degree of
attention.

As the "plastic limit" after the main shopping bags supplies, non-woven bags have gained a little
awkward. How to solve the embarrassing position of non-woven bags, first choice of excellent
quality non-woven bags. Many people in the use of non-woven shopping bags as an everyday bag, I
found a very short life of shoddy products, and break easily tear, waterproof performance is also
poor.

Second, we must enhance non-woven bags used to carry out. Although the people at home more
and more such bags, but many people forget to go and always carry, convenient and pretty is the
main reason for the public to reflect the two. Non-woven bags available on the market are mostly
easy to fold, takes time to sort out after use into a small box - trouble; Secondly, the beauty in
everyone's heart, a common non-woven bags designed to be simple, reusable bag or even pale to a
printed LOGO, who are willing to use it.
Third, the rational use of non-woven bags as a promotional gift. Non-woven bags for corporate
propaganda effect is very obvious, so many manufacturers in the choice of gift packaging, when the
majority will choose it, looks beautiful, the use of more times, advertising effective, but also to Bo
a "green business" reputation, why not for? But the design is simple, straightforward and non-
woven bags as promotional gift packaging there is a growing trend of proliferation, resulting in
general do not pay attention to the non-woven bags, reducing the frequency of use.
Therefore, only extend the life of non-woven bags, so that good quality, glossy, medium size,
greatly increasing the frequency of use of non-woven bags, can fundamentally reflect its
environmental value.

Increased competition in the retail market has made retailers think about marketing their product.
Since these non-woven bags have many more features than traditional plastic bags, there is a big
market ahead for non- woven bags. Also with fully automatic machines available there is less need
for skilled labourers. The bag manufacturing is a simple process and finishes in 2-3 phases

Properties of Non Woven Bags

Following are just a few of the properties that can be attained using nonwoven bags:

 Absorbency
 Bacterial barrier
 Cushioning
 Filtering
 Flame retardancy
 Liquid repellency
 Resilience
 Softness
 Sterility
 Strength
 Stretch
 Washability

Application of Non Woven Bags:

 Industrial reinforced
 Roofing material
 Shoe Felts Geo-textile
 Marine Hulls, Headliners
 Space Shuttle Exterior Tiles
 Blankets Automotive Carpeting
 Tennis Court Surfaces
 Building material
 Cable wrapping
 Filter media
  Heat transfer printing material
 Home furnishing nonwovens
 Automotive interiors &
 Automotive Insulation
 Building material

Manufacturing Process

Non-woven fabric Classification by Manufacturing Method

Non-woven fabric is broadly classified into dry-laid and wet-laid non-woven fabrics according to
its forming method. The dry-laid non-woven fabric is again divided into adhesive, mechanical
bonding, and spinning types according to the manufacturing method. The wet-laid non-woven
fabric is also divided into five types according to the manufacturing method.
Another method of classifying non-woven fabric is to divide it by fiber type, filament fiber non-
woven fabric and staple fiber non-woven fabric.

Principles of SPUNBOND molding

Spunbond is called filament fiber non-woven fabric since it uses filaments. The filament spun out
of the extruder is elongated and stacked on the conveyor. The stacked web is then bonded to the
calendar roll and wound after undergoing the transfer process.
Non-woven Fiber Molding Device
The spunbond molding device performs web forming processes such as spinning, elongation
opening and capturing process.

Spinning Process
The spinning process involves discharging molten polymer as a filament into the air through the
nozzle.
Both melt and wet spinning are used in the process, but the former is most common.

Elongation Process
In the elongation process, the tensile strength of the discharged filament increases as it is elongated
through the high-speed air roll or other rolls having different revolution speeds.
Opening Process
The opening process involves uniformly separating the elongated filament, which greatly affects the
performance of non-woven fabric. The filament opening process includes electrostatic charge,
impingement plate, and air current diffusion methods. The electrostatic charge method involves
building up the same static charge in each filament to induce an opening using its repulsive force.
The impingement plate method involves having the filament hit the impingement plate to be
dispersed. The air current diffusion method entails installing an air current diffusion device at the
vent of high-speed air fluid to diffuse air current aerodynamically, thereby putting the filament on a
diffused air current to induce opening.

Capturing Process
In the capturing process, the opened filament is deposited on an air-permeable screen conveyor or a
screen drum.
The web formed on the screen is sucked in from the screen surface to prevent it from being blown
away by the high-speed air current.

Non-Woven Fabric Manufacturing Process Flow Chart:

The below process has to maintain during non-woven fabric manufacturing in textile industry:

Processing of fiber (Man-made, natural or recycled)

↓
Dyeing (If necessary)
↓
Opening
↓
Blending
↓
Oiling
↓
Laying (Dry laying, wet laying, spin laying)
↓
Bonding (Mechanical, thermal, chemical, stitch bonding)
↓
Raw non-woven fabric
↓
Finishing
↓
Finished non-woven fabric
Non-Woven Fabric Finishing Methods:
There are two types of finishing methods of non-woven fabric. Those are in the below:

1. Dry finishing methods:

It includes:

 Shrinkage,
 Glazing,
 Crabbing,
 Calendaring,
 Pressing,
 Perforating.

2. Wet finising methods:

It includes:

 Coloration,
 Printing
 Anti-static finishing,
 Hygiene finishing,
 Dust bonding treatment,
 Absorbent and repellant finishes (Oil, static, water etc.).
 Projected Financial Statement

OF

Manufacturing Unit of Non Woven

Bags
 PROJECT AT GLANCE

COST OF PROJECT PARTICULARS AMOUNT

Land Rented/ Owned
Building Civil Work 3.00
Plant & Machinery 18.34
Furniture & Fixtures and
Other Assets 1.00
Margin for Working Capital 1.25

Total 23.59

MEANS OF FINANCE PARTICULARS AMOUNT

Own Contribution 7.09
Bank Loan 16.50

Total 23.59
PROJECTED BALANCE SHEET

IIND IIIRD IVTH

PARTICULARS IST YEAR YEAR YEAR YEAR VTH YEAR VI YEAR

SOURCES OF FUND

Own Capital 7.09 7.09 7.09 7.09 7.09 7.09

Retained Profit 2.87 7.49 13.81 21.50 32.59 45.47

Term Loan 16.50 14.95 11.23 7.51 3.79 -

Working Capital 5.00 5.00 5.00 5.00 5.00 5.00

Sundry Creditors 2.38 2.64 2.90 3.18 3.48 3.80

Provisions & Other Liab 0.20 0.60 0.66 0.73 0.80 0.88

TOTAL : 34.04 37.76 40.69 45.00 52.75 62.24

APPLICATION OF FUND

Fixed Assets ( Gross) 19.34 19.34 19.34 19.34 19.34 19.34

Gross Dep. 2.80 5.23 7.31 9.07 10.58 11.86

Net Fixed Assets 16.54 14.11 12.03 10.27 8.76 7.48

Current Assets

Sundry Debtors 6.34 11.01 13.63 15.08 20.88 22.99

Stock in Hand 9.83 10.88 11.97 13.09 14.34 15.63

Cash and Bank 1.33 1.77 3.05 6.56 8.77 16.15

TOTAL : 34.04 37.76 40.69 45.00 52.75 62.24

- - - - - -
PROJECTED PROFITABILITY STATEMENT

IST IIND IIIRD VTH VI

PARTICULARS YEAR YEAR YEAR IVTH YEAR YEAR YEAR

Capacity Utilisation % 55% 60% 65% 70% 75% 80%

SALES

Gross Sale 158.48 183.52 204.46 226.26 250.54 275.90

Total 158.48 183.52 204.46 226.26 250.54 275.90

COST OF SALES

Raw Mateiral Consumed 142.56 158.11 174.10 190.51 208.98 228.10

Elecricity Expenses 0.72 0.79 0.87 0.96 1.05 1.16

Repair & Maintenance 0.79 0.92 1.02 1.13 1.25 1.38

Labour & Wages 4.09 4.50 4.95 5.45 5.99 5.99

Depriciation 2.80 2.43 2.07 1.77 1.51 1.28

Consumables & others 1.27 1.47 2.04 2.26 2.51 2.76

Cost of Production 152.23 168.22 185.06 202.08 221.29 240.67

Add: Opening Stock /WIP - 5.07 5.61 6.17 6.74 7.38

Less: Closing Stock /WIP 5.07 5.61 6.17 6.74 7.38 8.02

Cost of Sales 147.16 167.69 184.50 201.51 220.65 240.02

GROSS PROFIT 11.32 15.83 19.96 24.75 29.89 35.88

7% 9% 10% 11% 12% 13%

Salary to Staff 4.62 5.08 5.59 6.15 6.76 7.44

Interest on Term Loan 0.66 1.95 2.38 2.20 1.75 1.30

Selling & Adm Expenses Exp. 3.17 3.67 4.09 6.79 7.52 11.04

TOTAL 8.45 10.70 12.06 15.14 16.03 19.78

NET PROFIT 2.87 5.13 7.90 9.61 13.87 16.10

Taxation - 0.51 1.58 1.92 2.77 3.22

PROFIT (After Tax) 2.87 4.62 6.32 7.69 11.09 12.88

PROJECTED CASH FLOW STATEMENT

IST IIND IIIRD IVTH VTH VI

PARTICULARS YEAR YEAR YEAR YEAR YEAR YEAR

SOURCES OF FUND

Own Margin 7.09 - - - - -

Net Profit 2.87 5.13 7.90 9.61 13.87 16.10

Depriciation & Exp. W/off 2.80 2.43 2.07 1.77 1.51 1.28

Increase in Unsecured Loan - - - - - -

Increase in Cash Credit 5.00 - - - - -

Increase In Term Loan 16.50 - - - - -

Increase in Creditors 2.38 0.26 0.27 0.27 0.31 0.32

Increase in Provisions & Oth lib 0.20 0.40 0.06 0.07 0.07 0.08

TOTAL : 36.84 8.22 10.30 11.72 15.75 17.79

APPLICATION OF FUND

Increase in Fixed Assets 19.34 - - - - -

Increase in Stock 9.83 1.05 1.09 1.11 1.26 1.28

Increase in Debtors 6.34 4.67 2.62 1.45 5.79 2.11

Repayment of Term Loan - 1.55 3.72 3.72 3.72 3.79

Taxation - 0.51 1.58 1.92 2.77 3.22

TOTAL : 35.51 7.79 9.01 8.21 13.54 10.41

Opening Cash & Bank Balance - 1.33 1.77 3.05 6.56 8.77

Add : Surplus 1.33 0.43 1.29 3.51 2.21 7.38

Closing Cash & Bank Balance 1.33 1.77 3.05 6.56 8.77 16.15
COMPUTATION OF PRODUCTION OF NON WOVEN BAGS

Items to be Manufactured Bag Size 12x16 52 GSM

Non Woven Bags

Manufacturing Capacity /Machine 4,800 Pcs per hour 72 Kg Per hour

No of Hours 10 Hours 10 Hours

Bags Manufactured 48,000 Pcs per day 720 Kg Per Day

No of Working Days per month 26

No. of Working Day per annum 300

Total Production per Annum 2,16,000 KG Bags

Year Capacity Bag Qty

Utilisation

IST YEAR 55% 1,18,800

IIND YEAR 60% 1,29,600

IIIRD YEAR 65% 1,40,400

IVTH YEAR 70% 1,51,200

VTH YEAR 75% 1,62,000

VI YEAR 80% 1,72,800

 CALULATION OF CONSUMPTION OF RAW MATERIAL
Item Name Quantity of
Raw Material
At Capacity

Raw Material 100% 2,16,000

(Non Woven Fabric ,
Ink, Stiching Dhaga)

Raw Material Consumed Capacity Rate per Kg Amount

Utilisation (Rs. in lacs)

IST YEAR 55% 120.00 142.56

IIND YEAR 60% 122.00 158.11

IIIRD YEAR 65% 124.00 174.10

IVTH YEAR 70% 126.00 190.51

VTH YEAR 75% 129.00 208.98

VI YEAR 80% 132.00 228.10

COMPUTATION OF SALE

Particulars IST YEAR IIND YEAR IIIRD IVTH YEAR VTH YEAR VI YEAR
YEAR
Op Stock 4,680
- 3,960 4,320 5,040 5,400
Production 1,51,200
1,18,800 1,29,600 1,40,400 1,62,000 1,72,800
Less : Closing Stock 5,040
3,960 4,320 4,680 5,400 5,760
Net Sale 1,50,840
1,14,840 1,29,240 1,40,040 1,61,640 1,72,440
Sale Price Per unit 150.00
138.00 142.00 146.00 155.00 160.00
Sale (in Lacs) 226.26
158.48 183.52 204.46 250.54 275.90
COMPUTATION OF CLOSING STOCK & WORKING CAPITAL

IIND IIIRD VTH VI

PARTICULARS IST YEAR YEAR YEAR IVTH YEAR YEAR YEAR

Finished Goods

(10 Days requirement) 5.07 5.61 6.17 6.74 7.38 8.02

Raw Material

( 10 Days requirement) 4.75 5.27 5.80 6.35 6.97 7.60

Closing Stock 9.83 10.88 11.97 13.09 14.34 15.63

COMPUTATION OF WORKING CAPITAL REQUIREMENT

TRADITIONAL METHOD
Particulars Own Bank
Amount
Margin Finance
Finished Goods & Raw
Stock
Material 9.83
Less : Creditors
2.38
Paid stock 25% 75%
7.45 1.86 5.59
Sundry Debtors 30% 70%
6.34 1.90 4.44

13.79 3.76 10.03

WORKING CAPITAL DEMAND

5.00
2nd Method 3rd Method
IIND IST IIND
PARTICULARS IST YEAR YEAR PARTICULARS YEAR YEAR
Total Current
Total Current Assets 17.50 23.66 Assets 17.50 23.66
Other Current
Other Current Liabilities 2.58 3.24 Liabilities 2.58 3.24
Working Capital
Working Capital Gap 14.92 20.42 Gap 14.92 20.42
Min Working Capital Min Working Capital
25% of Current
25% of WCG 3.73 5.11 Assets 4.37 5.91

Actual NWC 9.92 15.42 Actual NWC 9.92 15.42

item III - IV 11.19 15.32 item III - IV 10.55 14.51

item III - V 5.00 5.00 item III - V 5.00 5.00

MPBF (Lower of VI
MPBF (Lower of VI & VII) 5.00 5.00 & VII) 5.00 5.00
BREAK UP OF LABOUR CHARGES

Particulars Wages No of Total

Per
Month Employees Salary

Machine Operator 15,000.00 1 15,000.00

Helper 8,000.00 2 16,000.00

Total Salary Per Month 31,000.00

Add: 10% Fringe Benefit 3,100.00

34,100.00

Total Annual Labour Charges (in Lacs) 4.09

BREAK UP OF SALARY

Particulars Salary No of Total

Per
Month Employees Salary

Manager 15,000.00 1 15,000.00

Accountant 10,000.00 1 10,000.00

Other 5,000.00 2 10,000.00

Total Salary Per Month 35,000.00

Add: 10% Fringe Benefit 3,500.00

38,500.00

Total Annual Salary (in Lacs) 4.62

COMPUTATION OF DEPRECIATION
Description Land Plant & Furniture TOTAL
Machinery
Rate of Depreciation 15.00% 10.00%
Opening Balance - - - -

Addition Rented/ Owned 18.34 1.00 19.34

Total - 18.34 1.00 19.34

Less : Depreciation - 2.75 0.05 2.80

WDV at end of Year - 15.59 0.95 16.54

Additions During The Year - - - -

Total - 15.59 0.95 16.54

Less : Depreciation - 2.34 0.10 2.43

WDV at end of Year - 13.25 0.86 14.11

Additions During The Year - - - -

Total - 13.25 0.86 14.11

Less : Depreciation - 1.99 0.09 2.07

WDV at end of Year - 11.26 0.77 12.03

Additions During The Year - - - -

Total - 11.26 0.77 12.03

Less : Depreciation - 1.69 0.08 1.77

WDV at end of Year - 9.57 0.69 10.27

Additions During The Year - - - -

Total - 9.57 0.69 10.27

Less : Depreciation - 1.44 0.07 1.51

WDV at end of Year - 8.14 0.62 8.76

Additions During The Year - - - -

Total - 8.14 0.62 8.76

Less : Depreciation - 1.22 0.06 1.28

WDV at end of Year - 6.92 0.56 7.48

Less : Depreciation - 1.04 0.06 1.09

WDV at end of Year - 5.88 0.50 6.38

Less : Depreciation - 0.88 0.05 0.93

WDV at end of Year - 5.00 0.45 5.45

CALCULATION OF
D.S.C.R

PARTICULARS IST YEAR IIND YEAR IIIRD YEAR IVTH YEAR VTH YEAR

CASH ACCRUALS 5.67 7.05 8.39 9.45 12.60

Interest on Term Loan 0.66 1.95 2.38 2.20 1.75

Total 6.33 9.00 10.77 11.66 14.35

REPAYMENT

Instalment of Term Loan 1.55 3.72 3.72 3.72 3.79

Interest on Term Loan 0.66 1.95 2.38 2.20 1.75

Total 2.21 5.67 6.10 5.92 5.54

DEBT SERVICE
COVERAGE RATIO 2.87 1.59 1.77 1.97 2.59

AVERAGE D.S.C.R. 2.05

 REPAYMENT SCHEDULE OF TERM LOAN
Intt. 12.00%
Year Particulars Amount Addition Total Interest Repayment Cl Balance
2018-2019 Opening Balance

Apr-18 - - - - - -
May-18 - - - - - -
Jun-18 - - - - - -
Jul-18 - - - - - -
Aug-18 - - - - - -
Sep-18 - - - - - -
Oct-18 - - - - - -

Nov-18 - 16.50 16.50 - - 16.50

Dec-18 16.50 - 16.50 0.17 - 16.50

Jan-19 16.50 - 16.50 0.17 - 16.50

Feb-19 16.50 - 16.50 0.17 - 16.50

Mar-19 16.50 - 16.50 0.17 - 16.50

0.66 -
2019-2020 Opening Balance

Apr-19 16.50 - 16.50 0.17 - 16.50

May-19 16.50 - 16.50 0.17 - 16.50

Jun-19 16.50 - 16.50 0.17 - 16.50

Jul-19 16.50 - 16.50 0.17 - 16.50

Aug-19 16.50 - 16.50 0.17 - 16.50

Sep-19 16.50 - 16.50 0.17 - 16.50

Oct-19 16.50 - 16.50 0.17 - 16.50

Nov-19 16.50 - 16.50 0.17 0.31 16.19

Dec-19 16.19 - 16.19 0.16 0.31 15.88

Jan-20 15.88 - 15.88 0.16 0.31 15.57

Feb-20 15.57 - 15.57 0.16 0.31 15.26

Mar-20 15.26 - 15.26 0.15 0.31 14.95

1.95 1.55
2020-21 Opening Balance

Apr-20 14.95 - 14.95 0.15 0.31 14.64

May-20 14.64 - 14.64 0.15 0.31 14.33

Jun-20 14.33 - 14.33 0.14 0.31 14.02

 Jul-20 14.02 - 14.02 0.14 0.31 13.71

Aug-20 13.71 - 13.71 0.23 0.31 13.40

Sep-20 13.40 - 13.40 0.31 0.31 13.09

Oct-20 13.09 - 13.09 0.23 0.31 12.78

Nov-20 12.78 - 12.78 0.21 0.31 12.47

Dec-20 12.47 - 12.47 0.20 0.31 12.16

Jan-21 12.16 - 12.16 0.22 0.31 11.85

Feb-21 11.85 - 11.85 0.20 0.31 11.54

Mar-21 11.54 - 11.54 0.20 0.31 11.23

2.38 3.72
2021-2022 Opening Balance

Apr-21 11.23 - 11.23 0.21 0.31 10.92

May-21 10.92 - 10.92 0.19 0.31 10.61

Jun-21 10.61 - 10.61 0.19 0.31 10.30

Jul-21 10.30 - 10.30 0.20 0.31 9.99

Aug-21 9.99 - 9.99 0.18 0.31 9.68

Sep-21 9.68 - 9.68 0.18 0.31 9.37

Oct-21 9.37 - 9.37 0.19 0.31 9.06

Nov-21 9.06 - 9.06 0.17 0.31 8.75

Dec-21 8.75 - 8.75 0.17 0.31 8.44

Jan-22 8.44 - 8.44 0.18 0.31 8.13

Feb-22 8.13 - 8.13 0.16 0.31 7.82

Mar-22 7.82 - 7.82 0.18 0.31 7.51

2.20 3.72
2022-2023 Opening Balance

Apr-22 7.51 - 7.51 0.18 0.31 7.20

May-22 7.20 - 7.20 0.15 0.31 6.89

Jun-22 6.89 - 6.89 0.15 0.31 6.58

Jul-22 6.58 - 6.58 0.17 0.31 6.27

Aug-22 6.27 - 6.27 0.14 0.31 5.96

Sep-22 5.96 - 5.96 0.14 0.31 5.65

Oct-22 5.65 - 5.65 0.16 0.31 5.34

 Nov-22 5.34 - 5.34 0.13 0.31 5.03

Dec-22 5.03 - 5.03 0.13 0.31 4.72

Jan-23 4.72 - 4.72 0.15 0.31 4.41

Feb-23 4.41 - 4.41 0.12 0.31 4.10

Mar-23 4.10 - 4.10 0.13 0.31 3.79

1.75 3.72
2022-2023 Opening Balance

Apr-22 3.79 - 3.79 0.14 0.31 3.48

May-22 3.48 - 3.48 0.11 0.31 3.17

Jun-22 3.17 - 3.17 0.11 0.31 2.86

Jul-22 2.86 - 2.86 0.13 0.31 2.55

Aug-22 2.55 - 2.55 0.11 0.31 2.24

Sep-22 2.24 - 2.24 0.10 0.31 1.93

Oct-22 1.93 - 1.93 0.12 0.31 1.62

Nov-22 1.62 - 1.62 0.10 0.31 1.31

Dec-22 1.31 - 1.31 0.09 0.31 1.00

Jan-23 1.00 - 1.00 0.11 0.31 0.69

Feb-23 0.69 - 0.69 0.09 0.31 0.38

Mar-23 0.38 - 0.38 0.09 0.38 (0.00)

1.30 3.79

DOOR TO DOOR 65 MONTHS

MORATORIUM
PERIOD 12 MONTHS
REPAYMENT PERIOD 53 MONTHS