Final Project Report on Ro Water Plant Final

1

Project Report

ON

RO WATER PLANT Small and Medium Industries TAKEN UP B

M!S PAS"UPA AS"UPATI IN#USTRI IN#USTRIES ES

AT$% A&a'arpur( P)O)$% Mat*urapur( Warisna+ar( #istrict% Samastipur( Pin%,-,./. 0Bi*ar1

Prepared '2$

M) B"ARATI 3 4O) 04*artered Accountant1

     

AT - WARD WARD NO. 15, ROSERA, ROSE RA, DIST-SAMASTIPUR  PIN-848210 (BIHAR) 4ONTRA4T NO)%5.55-/667/ NO)%5.55-/667/

2

DISCLAIMER  The purpose and scope of this information memorandum is to introduce the subject matter and provide a general idea and information on the said area. All the material included in this document is based on data/information gathered from various sources and is based on certain assumptions. Although, due care and diligence has been taken to compile in this document, the contained information may vary due to any change in any any of the the conc concer erne ned d fact factor ors, s, and and the the actu actual al resul esults ts may die dierr substantially from the presented information. /! "A!#$"A A!#$"AT% %&'$!T(%)! %&'$!T(%)! does not assume any liability for any *nancial or other loss resulting from this memorandum in conse+uence of undertaking this activity. Therefore, the content of this memorandum should not be relied upon for making any deci decis sion, ion, inve inves stmen tmentt or othe other ris ise. e. The pro prosp spec ecti tive ve user ser of this this memorandum is encouraged to carry out his/her on due diligence and gath gather er any any info inforrmati mation on he/s he/she he cons consid ider ers s nece necess ssar ary y for for maki making ng an informed decision. The content of the information memorandum does not bind on /! "A!#$"AT% %&'$!T(%)! in any legal or other form.

-

INDEX 

1. INTRDUCTION ……………. ………………................................................................................................ 4 2. MARKET POTENTIAL ...................................................................................................................... ............4 3.BASIS AND PRESUMPTIONS .............................................................................................. ..................... 5 4.TECHNICAL ASPECTS: PROCESSING AND BOTTLING …………... ….......................................... 5 5.POLLUTION CONTROL ..................................................................................................................... .6 6. ENERGY CONSERVATION ..................................................................................................................... .6 7.UALITY CONTROL STANDARDS ...................................................................................................... 6

!."INANCIAL ANALYSIS ..................................................................................................................... ....... ! .1 "(0)T !T A&' )A&!  %&A&)…. ................................................................................. ! 8.2 3A4A&) !#))T ………………........................................................................................................... 9 8.- "(%T A&' 4!! !TAT))&T. ..................................................................................................... 10

.5 A!# 46 !TAT))&T ................................................................................................................... 11 .7 %"(TA&T (AT%! ..................................................................................................................... ..........12 .8 3()A9 ):)& "%&T A4$4AT%&! ............................................................................................ 13 .; A4$4AT%&  %&A&) !T................................................................................................... 14 . !#)'$4)  %<)' A!!)T! …………………................................................................................  18

5

PRO#ECT REPORT ON PACKAGED DRINKING $ATER PLANT 1. INTRODUCTION %t is needless to mention that ater, a compound of #ydrogen and =ygen is a precious natural gift hich is very essential for survival of  mankind including animals. The ater used for potable purposes should be free from undesirable impurities. The ater available from untreated sources such as 6ell, 3oreholes and !pring is generally not hygienic and safe for drinking. Thus it is desirable and necessary to purify the ater and supply under hygienic conditions for human drinking purpose.

 As the name implies, the mineral ater is the puri*ed ater forti*ed ith re+uisite amounts of minerals such as 3arium, %ron, anganese, etc hich can be absorbed by human body. %t is either obtained from natural resources like spring and drilled ells or it is forti*ed arti*cially by blending and treating ith mineral salts. The mineral ater shall be manufactured and packed under hygienic conditions in properly ashed and cleaned bottles in sterili>ed conditions

2. MARKET POTENTIAL $nfortunately su?cient safe potable ater is not available everyhere in the country@ either harmful chemical substance is found in the layers of  the earth hich enter into ater or it may be contaminated due to pathogenic microorganisms. %f such ater is consumed, the body suers from ater born diseases. 'ue to this, it has become imperative to process and bottle safe potable ater for the mankind in prevailing conditions. The demand for puri*ed ater becomes more during summer season.

7

Although fe companies have already entered in the bottling of safe potable ater and minerali>ed ater, but still huge gap is there in beteen demand and supply at all metropolitancities and tons. The product is idely accepted in o?ces, restaurants, railay stations, airport, bus stands, and hospitals and to some e=tent even in rich households. !o there is good scope for establishing the units for processing and bottling plain and minerali>ed drinking ater in dierent parts of the country.

3. BASIS AND PRESUMPTIONS

 This project has been dran on the basis of the folloing presumptionsB

1.

6orking #ours



2.

&umber of !hift per day

1

-.

&umber of orking days per annum

-CC

5.

Total numbers of orking hours

5

7.

6orking e?ciency "lant

;7D

8.

Total period of ma=imum capacity utili>ation B

 Third year from the date of commencement of production

4. TECHNICAL ASPECTS: PROCESSING AND BOTTLING

As the name itself indicates that the proposed concern ill purify the available ater in such a ay that it may be kept 5; days at least as ell as it should be a hygienic. The major steps involved on the purification process are given belo,B 6ater "urification 

treatment

E

8



i=ing of negligible mineral and necessary for human life.

  0ar 2illing



  %nspection "acking 



and

'ispatch

5. POLLUTION CONTROL Although this unit ill not aect the environment, but the entrepreneurs are advised to obtain, &o bjection ertificate from competent authority of !tate "ollution ontrol 3oard. They should develop 9itchen Farden in the factory premises to utili>e aste ater from the plant.

6. ENERGY CONSERVATION !uitable measures should be adopted to use appropriate amount of fuel and electricity. The promoters should arrange periodic auditing of electrical consumption, as the unit ill be running in three shifts. $nnecessary operation of machines should be controlled to avoid e=cess consumption of electr icity. &atural ventilation in production premises may be made available to avoid use of electric poer during day hours.

7. UALITY CONTROL

STANDARDS

Guality of the product must be according to 3eauro of %ndian standards and parameters of local municipal H ood ontrolling o?ce

;

THE PROPOSED PRO#ECT B%&'( P%)*+': NAME

PASHUPATI INDUSTRIES

LOCATION O" THE PRO#ECT

VILL, AKBARPUR- PO, MATHURAPUR$ARISNAGAR- SAMASTIPUR- DIST, SAMASTIPUR- BIHAR/ PIN,!4!101.

PROMOTER

A#AY KUMAR SINGH

REGISTERED O""ICE

VILL, AKBARPUR- PO, MATHURAPUR$ARISNAGAR- SAMASTIPUR- DIST, SAMASTIPUR- BIHAR/ PIN,!4!101.

ADMINISTRATIVE O""ICE

VILL, AKBARPUR- PO, MATHURAPUR$ARISNAGAR- SAMASTIPUR- DIST, SAMASTIPUR- BIHAR/ PIN,!4!101. EMAIL: , PHONE:,

LINE O" ACTIVITY

RO $ATER PLANT

SECTOR

PRIVATE

CONSTITUTION

PROPRIETORSHIP

INDUSTRY

$ATER PURI"ICATON



!. "INANCIAL ANALYSIS !.1 PRO#ECT COST AND MEANS O" "INANCE AMOUNT R./

PRO#ECT COST:

1,27,CCC.CC

"()%!)! "4A&T E A#%&)(I

 

12,17,CCC.CC

"$T)(

 

-2,7CC.CC

6(9%&F A"%TA4 ()G$%())&T!

1,72,7CC.CC

TOTAL

15-25-000.00

MEANS O" "INANCING

AMOUNT R./

 "(T)(!  T)( 4A& ( 3A&9  TOTAL

 

,27,CCC.CC

 

;,CC,CCC.CC

15-25-000.00

J

!.2 BALANCE SHEET P%&+% A.

1ST  YEAR

2ND  YEAR

3RD YEAR

4TH  YEAR

5TH YEAR

,27 ,CCC

5,-2 ,7CC

5,-2 ,7CC

5,-2 ,7CC

5,-2 ,7CC

1,5J7

1,J5 ,7C

-,1C ,1J2

7,7C ,28J

1C,25 ,812

!-3 !-45

6-2 7-0!0

7-4 2-62

-! 2-76

14-5 7-112

7,J2 ,;27

5,;1 ,127

-,-,2;

1,;; ,C52













SOURCES O" "UNDS  

"(T(K! A"%TA4 ()!)(:)! E !$("4$! 

"(%T E 4!!

TOTAL PROMOTORS "UNDS    T)( 4A& ( 3A&9 

$&!)$()' 4A&   TOTAL B.

14-31 -220

10-! -205

10-7 5-7

11-5 -!11

14-5 7-112

11,85, 7CC

J,J7 ,7C

,77 ,515

;,-8 ,-









1,8

1,5C

1,1

1,CC

USE O" "UNDS:

F(!! %<)' A!!)T!

A''%T%&! 4)!!B ')"()%AT%&

   1-,;2, 7CC 2,C

1C

,CCC

,87C

,5-8

,7-1

,;28

 

11-64 -500

- 5-!50

!-5 5-414

7-3 6-!!3

6-3 6-157

 

1,-J ,22C

77 ,85C

1,C7 ,CCC

2,;C ,CCC

5,27 ,CCC

  &)T $(()&T A!!)T!

1,11 ,7CC

-5 ,;17

1,C; ,787

1,5 ,J2

-,J7 ,J75

%!. )<")&'%T$()

18 ,CCC

12 ,CCC

14-31 -220

NET "I8ED ASSETS

A!# E 3A&9 3A4A&)!

,CCC

5,CCC

10-! -205

10-7 5-7

11-5 -!11

14-5 7-111

1ST YEAR

2ND  YEAR

3RD YEAR

4TH YEAR

5TH YEAR

  1C,C, CCC 36, 000

1-,7C, CCC 45, 000

18,2C, CCC 54, 000

21,8C, CCC 72, 000

-2,5C, CCC 1,08, 000

 

10-!0 -000

13-50 -000

16-20 -000

21-60 -000

32-40 -000

 

-,8C, -8C C, CCC 17, CCC 1,77, CCC

5,7C, 57C 1,2C, CCC 27, CCC 1,;C, 7CC

7,5C, 75C 1,7C, CCC 5C, CCC 1,;, 77C

;,2C, ;2C 1,C, CCC 7C ,CCC 2,C8, -C7

1C,1, CC 2,2C, CCC ;C ,CCC 2,28, J-8

1C, CCC 2, 7CC 5, 7CC 2, 157 5, CCC 7, CCC

2C, CCC -, CCC 8, CCC 8;, 2C 5, CCC 1C, CCC

-C, CCC ,7CC ; ,2CC 71, 72 5 ,CCC 1C, CCC

5C ,CCC 5 ,CCC  ,CCC -,1;7 5 ,CCC 17 ,CCC

7C ,CCC 5 ,7CC J ,CCC 12 ,15; 5 ,CCC 2C ,CCC

  TOTAL



!.3 PRO"IT AND LOSS STATEMENT P%&+% REVENUE:  ())%"T! ( !A4)! (NO. OF JAR @ Rs. 30 PER  JAR)

TOTAL OPERATING 9 ADMINISTRATIVE E8PENSES (A6 AT)(%A4! )4)T(%%TI )<")&!)! &!$A34)   !A4A(I E 6AF)! ($&&%&F E A%&T)&A&) )<")&!)! "!TAF) E !TAT%&)(I  T)4)"#&) )<")&!)! %&A&) !T %!. )&")&'%T$() 6/ 4)FA4 A&' %&!$(A&) !T

11

OPERATING PRO"IT

3-6 1-45

4-7 3-230

5-5 -62!

!-! -!00

15-42 -337

2,C, CCC

1,8, 87C

1,5C, 5-8

1,1, 7-1

1,CC, ;28

1-5 3-45

3-0 4-5!0

4-55 -12

7-!0 -26

14-41 -612



17, CCC

2C, CCC

C ,CCC

2,7;, CCC

1,7-, 5J7

2,J, 7C

5,-7, 1J2

;,CC, 28J

11,5, 812

  ')"()%AT%&

PRO"IT

"(:%!%& ( TA
!.4 CASH "LO$ STATEMENT P%&+%

0 YEAR

1ST  YEAR

2ND  YEAR

3RD  YEAR

4TH  YEAR

5TH  YEAR

2,7,85C

-, ;,5CC

7,2 8,;;5

,J -,555

1;,1C ,;7J

IN"LO$ ash Accurals L"3T%M "romotorKs apital $nsecured 4oan  Term 4oan ')"()%AT%&

TOTAL IN"O$ OUT"LO$ "reliminary and "re perative )=penses %ncrease %n apital )=penditure %ncrease in urrent Assets 'ecrease in Term 4oan 'ecrease in $nsecured 4oan

 ,2 7,CCC  ;,C C,CCC  15-2 5-000

2 C,CCC   1-,;2 ,7CC 1,7 2,7CC  

6ithdraal by "romotor TOTAL OUT"LO$



















 2,C ,CCC

 1,8 ,87C

 1,5 C,5-8

 1,1 ,7-1

 1,C C,;28

443-640

5-5 6-050

6-6 7-210

10-1 1-75

1!-1 1-4!5

  5 1,CCC 2,2,2;7   2,157

%nterest on Term 4oan  Ta=ation



  15-4









; 7,;17 1,2 1,8CC 

1,7C 1,;,- 

  1,1 ;,C; 1,7 8,257 

  2,; ,;8 1,; ;,C52 

 1,2 1,CCC

8 ;,2C 1 7,CCC -,7 J,5J7

7 1,72 2 C,CCC -,; 8,7C

-,1;7  C,CCC 5,8 C,5;;

1 2,15; 2,7 ;,CCC J,1,52C

3-

6-3

6-1

!-4

16-5

12

5-000

4-420

-630

7-!50

6-75

6-4!5

CASH 9 BANK BALANCES

")&%&F 3A4A&)

8 7,CCC

5 7,CCC

1,J,22C

7 7,85C

1,C 7,CCC

2,; C,CCC

&)T %&46

2 C,CCC

5 J,22C

 -,7C

5 J,-8C

1,8 7,CCC

1,7 7,CCC

45-000

13-220

5 5-640

1-0 5-000

2-7 0-000

425-000

CLOSING BALANCE

!.5 IMPORTANT RATIOS P%+%

1!T I)A(

2&' I)A(

-(' I)A(

5 T# I)A(

7 T# I)A(

')3T/)G$%TI

C.;1

C.;7

C.57

C.1



")(AT%&F "(%T/%&)

--.5;

-7.C7

-8.;;

51.81

5;.8C

"AT/%&)

15.21

22.78

2.1C

-8.12

55.5J

()T$(& & TTA4 A!!)T!

1C.;2

28.-;

5C.57

8C.-

1.-C

()T$(& & &)T 6(T#

1.-1

58.1

7.8C

;1.27

1.-C

'%:%')&' "AI$T (AT%

C

C

C

C

C

2.;

7.2;

J.55

22.11

J.72

')3T !)(:%) &:)(AF) L"AT 3)() %&T)()!T/ %&T)()!TM

1-

!.6 BREAK EVEN POINT CALCULATIONS 2&' I)A( 13-50 -000

-(' I)A( 16-20 -000

5 T# I)A( 21-60 -000

7 T# I)A( 32-40 -000

-,8C, -8C C, CCC 17, CCC 1,77, CCC

5,7C, 57C 1,2C, CCC 27, CCC 1,;C, 7CC

7,5C, 75C 1,7C, CCC 5C, CCC 1,;, 77C

;,2C, ;2C 1,C, CCC 7C ,CCC 2,C8, -C7

1C,1, CC 2,2C, CCC ;C ,CCC 2,28, J-8

TOTAL

1C, CCC 6-2 0-360

2C, CCC 7-! 5-50

-C, CCC -4! -00

5C ,CCC 11-7 -025

7C ,CCC 16-4! -016

CONTRIBUTIONS

4-5 -640

5-6 4-050

6-71 -10

-62 -75

15-1 -!5

TOTAL

2, 7CC 5, 7CC 2, 157 5, CCC 1C, CCC 1-0 3-145

-, CCC 8, CCC 8;, 2C 5, CCC 1C, CCC  0-!20

,7CC ; ,2CC 71, 72 5 ,CCC 1C, CCC 76 -2!2

5 ,CCC  ,CCC -,1;7 5 ,CCC 17 ,CCC 6 4-175

5 ,7CC J ,CCC 12 ,15; 5 ,CCC 2C ,CCC 4 -647

3()A9):)& "%&T LDM

22.44

16.10

6.66

3.12

"articulars F(!! ():)&$)

1!T I)A(   10-!0 -000

VARIABLE E8PENSES   (A6 AT)(%A4! )4)T(%%TI )<")&!)! &!$A34)   !A4A(I E 6AF)! ($&&%&F E A%&T)&A&) )<")&!)!

"I8ED E8PENSES "!TAF) E !TAT%&)(I  T)4)"#&) )<")&!)! %&A&) !T %!. )&")&'%T$() 6/ 4)FA4 A&' %&!$(A&) !T

11.35

15

!.7 CALCULATION O" "INANCE COST

R'<@=' 

P%&&< + P@=' 

I'%'  12.60 

;,CC, CCC 8,J1, 787 8,-, C51 8,;5, 52 8,87, ;27 8,78, J-C 8,5, C58,-J, C82 8,2J, J; 8,2C, 1; 8,11, 771 8,C2, 1;

17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7

,5 -7 ,7 25 ,8 1,; C5 ,; J7 , ; ,J 1 J,C ;7 J,1 ;C J,2 88 J,85 J,5 82

inance cost for 1st Iear   7,J2, 1;27   7,-, 15 185   7,;-, 17 7C2   7,8-, 18 ;-J

17,; 7 17,; 7 17,; 7 17,; 7

J,7 81 J,8 82 J,; 8J, 88

;,7C ;,2 81 ;,1 ;2 ;,C 1 8,J JC 8, J 8, C5 8,; 1C 8,8 17 8,7 1J 8,5 21 8,2!2-1 45 8,2 25 8,1 28,C 22 7,J 1J

M) ;

P%&&<+ )( T'%= L)  >'?&&? )( ;' @'%  

1   2     5   7   8   ;      J   1C   11   12

P%&&<+ =)  ;' ' )(  @'% 8,J1,7 87 8,-,C 51 8,;5,5 2 8,87,; 27 8,78,J -C 8,5,C 58,-J,C 82 8,2J,J ; 8,2C, 1; 8,11,7 71 8,C2,1 ; 7,J2,; 27

7,-,1 85 7,;-,7 C2 7,8-,; -J 7,7-, ;-

17

 

7,7-, ;7,5-, JC5 7,--, -C 7,2-, 87C 7,1-, -87,C2, J8 5,J2, 587 5,1, 7C

17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7

J,J 8J 1C,C ;5 1C,1 C 1C,2 ; 1C,J7 1C,7 C5 1C,8 15 1C,; 28

inance cost for 2nd Iear   5,;1, 27 127   5,8C, 28 2;   5,5J, 2; --7   5,-, 2 28   5,2;, 2J C7   5,17, -C ;5   5,C5, -1 -87   -,J2, -2 27   -,1, -187   -,8J, -5 -2   -,7;, -7 5;8   -,57, -8 555

17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7

1C, - 1C,J 72 11,C 8; 11,1 11,C1 11,5 1J 11,7 -J 11,8 8C 11,; 11,J C8 12,C -2 12,1 7

inance cost for -rd Iear   -,--, -; 2;   -,21, - CC1   -,C, -J 7;   2,J8, 5C C52 51 2,-,

17,; 7 17,; 7 17,; 7 17,; 7 17,;

12,2 7 12,5 15 12,7 57 12,8 ;; 12,

1;   1   1J   2C   21   22   2  25

7, 18 7,; 11 7,8 C7 7,5 J 7,JC 7,2 1 7,1 ;1 7,C 7J 67-! 20 5,J 5; 5, -5,; 1 5,8 C2 5,5 5 5,88 5,2 58 5,1 27 5,C C2 -, ;J -,; 7-,8 2; 51-5 !2 -,7 CC -,;1 -,2 5C -,1 C 2,J

7,5-,J C5 7,--, -C 7,2-,8 7C 7,1-,87,C2,J 8 5,J2,5 87 5,1, 7C 5,;1,1 27

5,8C,2 ; 5,5J,-7 5,-,2 8 5,2;,C 7 5,17,; 5 5,C5,87 -,J2, 27 -,1,1 87 -,8J,2 -,7;,5 ;8 -,57,5 55 -,--,2 ;

-,21,C C1 -,C,7 ; 2,J8,C 52 2,-,87 2,;C,7

18

-87 2,;C, 777 2,7;, 811 2,55, 7-1 2,-1, -15 2,1;, J7 2,C5, 581 1,JC, 2-

7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7

1C 12,J 55 1-,C C 1-,2 1; 1-,78 1-,5 J8 1-,8 - 1-,; 1

inance cost for 5th Iear   1,;;, 5J C52   1,8-, 7C 118   1,5J, 71 C5  1,-5, 72 2  1,2C, 7575   1,C7, 75 J-5 J1, 77 281 ;8, 78 5-5 81, 7; 572 58, 7 -12 -1, 7J C1-

17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7 17,; 7

1-,J 28 15,C ;2 15,2 2C 15,8J 15,7 2C 15,8 ;15, 2; 15,J 2 17,1 5C 17,2 JJ 17,5 7J

  52   5  55   57   58   5;   5

8C



inance cost for 7th Iear   2-35-1 T)+ 1-327



-31-3 15



6-!4-4 46

;7 2, 51 2,; C7 2,7 8 2,5 2J 2,2 J 2,1 5; 2,C C5 33-1 75 1, 7J 1,; 11,7 87 1,5 18 1,2 87 1,1 12 J 7  C8 57 5 8 28  12-1 47 2-46-! 6

77 2,7;,8 11 2,55,7 -1 2,-1,15 2,1;,J 7 2,C5,5 81 1,JC, 21,;;,C 52

1,8-,1 18 1,5J,C 51,-5, 21,2C,5 75 1,C7,J -5 J1,2 81 ;8,5 -5 81,5 72 58,12 -1,C 1 

2-2!-11327

1;

!.! SCHEDULE O" "I8ED ASSETS  ASSETS

 YEA R

PARTICULARS

 LAND 9 BUILDING

COMPUTE R

PLANT 9 MACHINERY

RATE O" DEP. 5

RATE O" DEP. 60

RATE O" DEP. 15

 

%

1,27, CCC.CC 8, 27C.CC 1,1, ;7C.CC 7, J-;.7C 1,12, 12.7C 7, 85C.81,C;, 1;1. 7, -7.7J 1,C1, 1-.2

-2,7C C.CC 1J,7C C.CC 1-,CC C.CC ;,C C.CC 7,2C C.CC -,12 C.CC 2,C C.CC 1,25 .CC 2.CC

12,17,C CC.CC 1,2,2 7C.CC 1C,-2,; 7C.CC 1,75,J 12.7C ,;;, -;.7C 1,-1,8 ;7.8;,58,1 81. 1,11,J 25.2 8,-5,2 -;.7J

7,CJ C.88   J8,;2 2.82

5JJ. 2C --2. C

J7,1-7 .85 7,-J,1C1 .J7

")&%&F 3A4A&) 4)!!B ')"()%AT%&  

%%

6': AT )&'  1!T I)A( 4)!!B ')"()%AT%&  

%%%

6': AT )&'  2&' I)A( 4)!!B ')"()%AT%&  

%:

6': AT )&'  -(' I)A( 4)!!B ')"()%AT%&  

:

6': AT )&'  5T# I)A(

  4)!!B ')"()%AT%& 6': AT )&'  7T# I)A(

TOTAL 1-,;2,7 CC.CC 2,C,C CC.CC 11,85,7 CC.CC 1,8,8 7C.CC J,J7, 7C.CC 1,5C,5 -8.27 ,77,5 1-.;7 1,1,7 -C. ;,-8, 2. 1,CC,; 27.7C 8,-8,1 7;.-;

1

1J

2C

21

22

2-

25

27

28

2;