Q2

Textile Sector (X1) Cement Sector (X2) Chemical Sector (X3)

Interest Rate 18% 19% 17%

Bad Debt 5% 6% 7%

Assumption:

Recoverable Debt 95 94 93

Bad Debt 5 6 7

Total Debt 100 100 100

Interest Rate 18% 19% 17%

Interest on

Recoverable debt 17.1 17.86 15.81

Loss of Fund 5 6 7

Total Return 12.1 11.86 8.81

Net return is defined as difference between the interest on recoverable debt and loss of

funds due to bad debt.