Initial Layer Line Width - 300%
well there's your problem.
Well it's definitely a problem :-)

Also fan speed for the first layer should be 0%

why on earth are you trying to print with a 1.2mm wide bead from a 0.4mm wide nozzle ?
That's just never ever going t aork.

bead width should always be whatever the extruded diameter of your filament is.
So load some filament - extrude some, let it cool and measure it - and that should be your line width - always.