Assesment of Working Capital Requirements

Form - II : Opearting Statement (Rs.in lacs)

As per Profit & Loss Account actuals/estimates for the year ended/ending
March 31' 06 March 31' 07 March 31' 08 March 31' 09 March 31' 10 March 31' 11 March 31' 12
Last year's Current Year
Following
Following
Following
Following
Following
Audited
Estimated
Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.
1
2
3
4
5
6
7
303.97
350.00
425.00
530.00
675.00
875.00
1,150.00
###
###
###
###
-

1. Gross sales -

(i) Domestic sales

(ii) Export sales
(iii) Other Revenue Income
Add other revenue income
Total
Less excise duty
3. Net sales(item 1 - item 2)
4. % age rise (+) or fall (-) in net sales as compared to
previous year (annualised)
5. Cost of sales
i) Raw materials(including stores & spares and
other items used in the process of manufacture
(a) Imported
(b) Indigenous
ii) Other spares
(a) Imported
(b) Indigenous
iii)Power and fuel
iv) Direct labour(Factory wages & salary)
v) Other mfg. expenses
Vi) job Work charges
vi) Depreciation
vii) SUB-TOTAL (i to vi)
viii) Add:Opening stocks-in-process
Sub-total
ix) Deduct:Closing stocks-in-process
x) Cost of Production
xi) Add : Opening stock of Fini.goods
Sub-total
xii) Deduct closing stock of fini.goods
xiii) SUB-TOTAL (Total cost of sales)

303.97
303.97

350.00
350.00

425.00
425.00

530.00
###
530.00

675.00
675.00

875.00
###
875.00

1,150.00
1,150.00

0.00%

15.14%

21.43%

24.71%

27.36%

29.63%

31.43%

267.44

301.00

365.50

455.80

580.50

752.50

989.00

13.70
4.99
10.61
0.83
297.57
103.61
401.18
100.38
300.80
300.80
300.80

15.75
7.00
14.00
0.83
338.58
100.38
438.96
101.50
337.46
337.46
337.46

- ###
19.13
8.50
29.75
1.90
424.78
101.50
526.28
127.50
398.78
398.78
398.78

###
- ###
###
###
30.38
39.38
13.50
17.50
47.25
61.25
###
1.90
###
673.53
872.53
159.00
202.50
832.53
1,075.03
202.50
262.50
630.03
812.53
630.03
812.53
###
630.03
812.53

51.75
23.00
80.50
1.90
1,146.15
262.50
1,408.65
345.00
1,063.65
1,063.65
1,063.65

###
###
###
23.85
10.60
37.10
###
###
529.25
127.50
656.75
159.00
497.75
497.75
###
497.75

Gross Profit
6. Selling, general & adm. expenses
7.
SUB-TOTAL (5+6)
8. Operating profit before interest(3-7)
9. Interest
10.Operating profit after interest(8-9)
11. (i) Add other non-operating income
(a) Export Incentives
(b) Trading sales (Exports)
(c) Trading stock (net)
(d) Other Income
Sub-total (income)
(ii) Deduct other non-operating exp.
(a) Pre. Expenses (w.off)
(b) Loss on sale of fixed assets
(c) Loss in investment
(d) Bad debts written off
Sub-total(expenses)
(iii) Net of other non-operating income/expenses
12. Profit before tax/loss {10+11(iii)}
13. Provision for taxes
Provision for deffered tax
FBT
14. Net profit/loss (12-13)
15. (a) Dividend & Dividend Tax
(b) Rate
16. Retained profit (14-15)
17. Retained profit/Net profit (% age)

3.17
0.21
301.01
2.96
0.79
2.17

12.54
3.50
340.96
9.04
1.38
7.66

26.23
6.38
405.15
19.85
5.76
14.09

32.25
8.48
506.23
23.77
5.76
18.01

44.98
11.48
641.50
33.50
5.76
27.74

62.47
15.75
828.28
46.72
5.76
40.96

86.35
23.00
1,086.65
63.35
5.76
57.59

0.02
0.02

###
0.02

###
###
0.04
0.04

0.06
0.06

###
###
###
0.06

0.32
0.32

0.38
0.38
(0.38)
1.79
0.35
0.25
0.11
1.08
0%
1.08
100%

0.38
0.38
(0.36)
7.30
1.11
0.35
0.12
5.72
10%
5.72
100%

0.38
0.38
(0.36)
13.73
3.28
0.45
0.14
9.86
0%
9.86
100%

###
###
###
0.04
18.05
4.73
0.55
0.16
12.61
###
0%
12.61
100%

0.06
27.80
8.01
0.65
0.20
18.94
0%
18.94
100%

###
###
###
###
0.06
41.02
12.46
0.75
0.26
27.55
###
0%
27.55
100%

0.32
57.91
18.15
0.85
0.39
38.91
0%
38.91
100%

FORM - III
ANALYSIS OF BALANCE SHEET (Rs.in lacs)
0.00
LIABILITIES

CURRENT LIABILITIES
1.Short-term borrowings from banks(incld.bills purchased
discounted & excess borrwoing placed on repayment basis)
(i) From applicant bank
(ii) From other banks
(iii) (of which BP & BD)
(i) From applicant bank
(ii) From other banks
Sub total (A)
2. Sundry creditors- Capital Goods and Spares
3. Sundry creditor
4. Advance payments from customers/dep. from dealers
5. Provision for taxation
6. Dividend payable
7. Other statutory liabilities (due within one year)
8. Deposits/Instalments of term loans/DPGs/Debentures, etc.
(due within one year)
9. Other current liabilities & provisions (due in 1yr.)
(Specify major items)
b. Other Current Liab(repayment of unsecured loans)
Other Current Liabilities [Sub-total (B)]
10. Total Current Liabilities(total of 1 to 9 excl 1(iii)
TERM LIABILITIES
11.Debentures (not maturing within 1 yr.)
12.Prefrence shares(redeemable after1yr.)
13.Term loans(excld instalments payable within 1 yr.)
14.Deferred Payment Credit excluding instt.due within 1 yr.)
15.Term deposits (repayable after 1 yr.)
16.Other term liabilities(unsecured loans)
17. TOTAL TERM LIABILITIES
18. Total Outside Liabilities(item 10 +17)

As per Balance sheet as at

March 31' 08 March 31' 09 March 31' 10 March 31' 11 March 31' 12
Following
Following
Following
Following
Following
Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.
3
4
5
6
7

March 31' 06
Last year's
Audited
1

March 31' 07
Current Year
Estimated
2

4.99
17.68

25.00
-

40.00
-

55.00
###

70.00
-

90.00
###

120.00
-

22.67
42.35
113.91
0.46
0.00

25.00
2.00
39.13
90.30
1.23
-

40.00
43.86
109.65
3.42
0.02
3.00

###
###
55.00
###
54.70
125.26
4.89
###
###
3.00

70.00
69.66
172.00
8.21
0.02
3.00

###
###
90.00
###
82.78
225.75
12.72
###
###
3.00

120.00
118.68
296.70
18.54
0.02
3.00

0.09

0.08

0.10

###

0.10

###

0.10

156.81
179.48

132.74
157.74

160.05
200.05

###
187.97
242.97

252.99
322.99

###
324.37
414.37

437.04
557.04

3.81
53.30
2.31
59.42

27.00
3.21
60.00
1.10
91.31

24.00
2.61
70.00
###
97.71

###
###
21.00
2.01
85.00
1.10
109.11

18.00
1.41
90.00
1.10
110.51

###
###
15.00
0.81
100.00
###
116.91

12.00
0.21
125.00
137.21

238.90

249.05

297.76

352.08

433.50

531.28

694.25

NET WORTH

19.Share Capital
20.General reserve
21. Reserve for deffered tax liability
22.Other reserves(excluding provisions)
23.Surplus(+) or deficit(-) in P&L account
23(a).Others - Share Premium
23(b). Deferred tax
24. NET WORTH
25. TOTAL LIABILITIES

11.89
2.29
1.08
0.40
15.66
254.56

15.00
4.78
5.72
0.60
26.10
275.15

20.00
10.50
9.86
0.80
41.16
338.92

25.00
20.36
###
###
12.61
###
1.00
58.97
411.05

25.00
32.97
18.94
1.20
78.11
511.61

###
51.91
###
###
27.55
###
1.40
105.86
637.14

25.00
79.46
38.91
1.60
144.97
839.22

FORM - III (Continued)

ANALYSIS OF BALANCE SHEET (Rs.in lacs)
0.00
ASSETS

CURRENT ASSETS
26.Cash and bank balances
27.Investments(other than long term investments)
(i) Government & other Trustee securities
(ii)Fixed deposits with bank & Others
28.(i) Receivables other than defered & export
( including bills purchased and dicounted by banks)
(ii)Export receivables(incld bills purchased & dis.by bank)
29.Instalments of deferred receivables(due within 1 yr.)
30.Inventory:
(i) Raw materials(including stores & other items
used in the process of manufacture)
a)Imported
b)Indigenous
(ii) Works-in-process
(iii)Finished goods
(iv) Other consumable spares
a)Imported
b)Indigenous
31.Advances to suppliers of raw materials & stores/spares
32.Advance payment of taxes
33.Other current assets
- stock of traded goods
- Others
34. TOTAL CURRENT ASSETS(total of 26 to 33)
FIXED ASSETS
35.Gross Block(land & building,machinery,work-in-process)
36.Depreciation to date
37. NET BLOCK (35-36)

As per Balance sheet as at

March 31' 06 March 31' 07 March 31' 08 March 31' 09 March 31' 10 March 31' 11 March 31' 12
Last year's
Current Year Following
Following
Following
Following
Following
Audited
Estimated
Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.
(2)
(3)
(4)
(4)
(4)
(4)
(4)
0.90
0.01
0.70
0.85
1.10
2.10
2.50
###
###
###
###
2.42
2.03
2.30
###
4.30
###
4.75
130.13
128.29
160.50
197.00
250.00
313.04
455.34
###
###
###
###
100.38
101.50
127.50
159.00
202.50
262.50
345.00
###
###
100.38
0.78
234.61

101.50
0.55
0.27
0.50
233.15

127.50
1.42
0.40
###
293.32

###
###
159.00
###
###
0.80
###
###
###
0.50
360.85

202.50
2.51
0.40
0.50
461.31

###
###
262.50
###
###
2.80
0.50
###
###
1.50
586.74

345.00
5.00
0.70
3.57
816.86

21.29
1.34
19.95

46.29
4.29
42.00

51.29
6.19
45.10

56.29
8.09
48.20

58.29
9.99
48.30

60.29
11.89
48.40

62.29
13.79
48.50

OTHER NON-CURRENT ASSETS

38.Investments/book debts/adv./deposits which are not
Current Assets
(i) a)Investments in subsidiary companies/affiliates
b)Others
(ii)Advances to suppliers of capital goods & contractors
(iii)Defferred receivables
(iv)Others-Debtors >6 months
-Security deposit
-Loans & advances for others
39.Non-consumables stores & spares
40.Other non-current assets incl.dues from directors
41. TOTAL OTHER NON-CURR.ASSETS
42.Intangible assets(patents, goodwill, prelim. exp.
bad/doubtful expenses not provided for, etc.)
43. TOTAL ASSETS (34+37+41+42)
44. TANGIBLE NET WORTH (24-42)
45. NET WORKING CAPITAL(17+24)-(37+41+42)
46. Current Ratio
47. Total Outside Liabilities/ Tangible Net Worth
48. Total Term Liabilities/Tangible Net Worth

0.50

2.00

2.00

2.00

3.86

0.50
-

###
2.00
###
###
###
###
###

2.00
-

###
###
###
###
###
###
###

3.86
-

0.50

###
2.00

2.00

###
2.00

3.86

338.92
(0.00)
41.16
93.27
1.83
7.23
2.37

###
411.05
(0.00)
58.97
117.88
1.92
5.97
1.85

511.61
(0.00)
78.11
138.32
1.82
5.55
1.41

###
637.14
(0.00)
105.86
172.37
1.81
5.02
1.10

869.22
(30.00)
144.97
259.82
1.87
4.79
0.95

254.56
15.66
55.13
1.50
15.26
3.79

275.15
26.10
75.41
1.76
9.54
3.50

FORM - IV
Comparative statement of Current assets & Current Liabilities
0.00
I. CURRENT ASSETS

1.Raw materials including stores & other items used in

the process of manufacturing
(a) Imported : Amount
: Month's consumption
(b) Indigenous : Amount
: Month's consumption
2. Other consumable spares, excldg. those included in(1) above
(a) Imported : Amount
: Month's consumption
(b) Indigenous : Amount
: Month's consumption
3. Stocks-in-process : Amount
: Month's cost of Sales
4. Finished goods : Amount
: Month's cost of Sales
5. Receivables other than export & defered receivables
( Incldg. bills purchased & discounted by bank)
: Amount
: Month's Domestic Sales( includg. defered payment sales)
6. Export receivables(incldg. bills purchased & disc.)
: Amount
: Month's export Sales
7. Advance to suppliers of materials & stores/spares,consumable
8. Other current assets includg. cash & bank balances & defered
receivables due within one year(speciy major items)
: Cash & bank balances
: Investment except long-term investment of def. receivales
: Others
9. TOTAL CURRENT ASSETS

As per Balance sheet as at

March 31' 06 March 31' 07 March 31' 08
Last year's Current Year Following
Audited
Audited
Estimated
(2)
(3)
(4)

March 31' 09 March 31' 10 March 31' 11

Following
Following Following
Year-Projec. Year-Projec. Year-Projec.
(4)
(4)
(4)

March 31' 12
Following
Year-Projec.
(4)

100.38
(4.00)
-

101.50
(3.61)
-

127.50
(3.84)
-

159.00
(3.83)
-

202.50
(3.86)
-

262.50
(3.88)
-

345.00
(3.89)
-

130.13
(5.14)

128.29
(4.40)

160.50
(4.53)

197.00
(4.46)

250.00
(4.44)

313.04
(4.29)

455.34
(4.75)

0.00
0.00
0.90

0.00
0.55
0.28

0.00
1.42
1.10

0.00
0.80
1.25

0.00
2.51
1.50

0.00
2.80
2.60

0.00
5.00
3.20

0.90
0.00
0.00
231.41

0.01
0.00
0.27
230.62

0.70
0.00
0.40
290.52

0.85
0.00
0.40
358.05

1.10
0.00
0.40
456.51

2.10
0.00
0.50
580.94

2.50
0.00
0.70
808.54

II. CURRENT LIABILITIES

(Other than bank borrowing for working capital)
10. Creditors for purchase of raw materials,stores & consumable
spares : Amount
: Month's purchase
11. Advance from customers
12. Statutory liabilities
13. Other current liabilities-specify major items
a) S.Creditors for Capital Goods
b) Dividend payable
c) Instalments of TL, DPS & public deposits
d) Other current liabilities & provisions
14. TOTAL

42.35
(1.90)
113.91
-

39.13
(1.56)
90.30
-

43.86
(1.44)
109.65
0.02

54.70
(1.44)
125.26
0.02

69.66
(1.44)
172.00
0.02

82.78
(1.32)
225.75
0.02

118.68
(1.44)
296.70
0.02

0.09
156.81

2.00
0.08
132.74

3.00
0.10
160.05

3.00
0.10
187.97

3.00
0.10
252.99

3.00
0.10
324.37

3.00
0.10
437.04

FORM - V

ASSESSED BANK FINANCE - PROJECTED BALANCE SHEET METHOD (Rs. in Cr)

0.00

1. Total Current Assets

2. Other Current Laibilities
3. Working Capital Gap
4. Net Working Capital (Actual/Projected)
5. Assessed Bank Finance
5. NWC/TCA (%)
6. OCL/TCA (%)
7. S.Creditors/TCA (%)
8. ABF/TCA (%)
9. Inventory/N.Sales (Days)
10. Receivables/G.Sales (Days)
11. S.Creditors/Purchases (Days)

As per Balance sheet as at

March 31' 07 March 31' 08 March 31' 09 March 31' 10 March 31' 11 March 31' 12
Current Year Following
Following
Following
Following Following
Audited
Estimated
Year-Projec. Year-Projec. Year-Projec. Year-Projec.
(2)
(3)
(3)
(3)
(3)
(3)
233.15
293.32
360.85
461.31
586.74
816.86
132.74
160.05
187.97
252.99
324.37
437.04
100.41
133.27
172.88
208.32
262.37
379.82
75.41
93.27
117.88
138.32
172.37
259.82
25.00
40.00
55.00
70.00
90.00
120.00
32.34
31.80
32.67
29.98
29.38
31.81
56.94
54.56
52.09
54.84
55.28
53.50
16.78
14.95
15.16
15.10
14.11
14.53
10.72
13.64
15.24
15.17
15.34
14.69
105.85
109.50
109.50
109.50
109.50
109.50
133.79
137.84
135.67
135.19
130.58
144.52
47.45
43.80
43.80
43.80
40.15
43.80

0.00

1. SOURCES
a) Net profit (after tax)
b) Depreciation
c) Increase in capital
d) Increase in term liabilities,including public deposits
e) Decrease in :
i ) Fixed assets
ii) Other non-current assets
f) Others
g) TOTAL
2. USES
a) Net loss
b) Decrease in term liabilities,including public deposits
c) Increase in :
i ) Fixed asset
ii ) Depreciation adjustment
iii) Other non-current assets
d) Dividend payment
e) Others
f) TOTAL
3. Long term surplus / deficit
4. Increase / Decrease in current assets*
(as per details given below)
5. Increase / Decrease in current liabilities
other then bank borrowings
6. Increase / Decrease in working capital gap
7. Net surplus(+) / deficit(-)
8. Increase / Decrease in Bank borrowings
INCREASE / DECREASE IN NET SALES

FORM - VI FUND FLOW STATEMENT (Rs. lancs).

As per Balance sheet as at
March 31' 06 March 31' 07 March 31' 08 March 31' 09 March 31' 10 March 31' 11
Last year
Current Year
Following
Following
Following
Following
Actuals
Audited
Estimated Year-Projec Year-Projec Year-Projec
(1)
(2)
(3)
(3)
(3)
(3)

March 31' 12
Following
Year-Projec
(3)

1.08
0.83

5.72
0.83

9.86
1.90

12.61
1.90

18.94
1.90

27.55
1.90

38.91
1.90

56.98
0.00
0.07
0.89
59.85

31.89
0.00
0.00
4.72
43.16

6.40
0.00
0.00
5.20
23.36

11.40
0.00
0.00
5.20
31.11

1.40
0.00
0.00
0.20
22.44

6.40
0.00
0.00
0.20
36.05

20.30
0.00
0.00
0.20
61.31

0.00
12.41
2.39
0.00
0.00
0.00
14.80
45.05
82.55

0.00
25.00
-2.12
0.00
0.00
0.00
22.88
20.28
1.05

0.00
5.00
0.00
0.50
0.00
0.00
5.50
17.86
27.69

0.00
5.00
0.00
1.50
0.00
0.00
6.50
24.61
31.03

0.00
2.00
0.00
0.00
0.00
0.00
2.00
20.44
45.46

0.00
2.00
0.00
0.00
0.00
0.00
2.00
34.05
61.39

0.00
2.00
0.00
1.86
0.00
0.00
3.86
57.45
85.30

153.66

(24.07)

27.30

27.92

65.02

71.38

112.67

(71.11)
116.16
8.81
256.99

25.12
(4.84)
2.33
46.03

0.39
17.48
15.00
75.00

3.11
21.50
15.00
105.00

(19.56)
40.00
15.00
145.00

(9.99)
44.04
20.00
200.00

(27.37)
84.82
30.00
275.00

*Break-up of (4)
i ) Increase / decrease in Raw materials
ii ) Increase / decrease in Stock -in-process
iii ) Increase / decrease in Finished goods
iv) Increase / decrease in Receivables (a) Domestic
(b) Export
v ) Increase / decrease in Stores & spares
vi) Increase / decrease in Other current assets
Total

124.97
(5.10)
93.58
(3.44)
(1.55)
(0.94)
82.55

(2.51)
1.12
(0.07)
1.05

32.48
26.00
1.69
27.69

36.50
31.50
(0.47)
31.03

55.00
43.50
1.96
45.46

64.04
60.00
1.39
61.39

114.82
82.50
2.80
85.30

COMPUTATION OF DSCR FOR TERM-LOAN

2006-07
A.Sources
Net Sales
PAT
Depreciation
less investment
Sub-Total
Interest
Total(A)

2007-08

2008-09

2009-10

2010-11

2011-12

303.97
1.08
0.83

350.00
5.72
0.83

425.00
9.86
1.90

530.00
12.61
1.90

675.00
18.94
1.90

875.00
27.55
1.90

1.91
0.25
2.16

6.55
2.86
9.41

11.76
2.56
14.33

14.51
2.26
16.77

20.84
1.96
22.80

29.45
1.66
31.11

B.Repayment
TL Repayment
Sub-Total
Interest
Total (B)

0.00
0.00
0.25
0.25

3.00
3.00
2.86
5.86

3.00
3.00
2.56
5.56

3.00
3.00
2.26
5.26

3.00
3.00
1.96
4.96

3.00
3.00
1.66
4.66

Net DSCR
Gross DSCR
Average DSCR for 6 yrs

0.00
8.64
4.62

2.18
1.60

3.92
2.58

4.84
3.19

6.95
4.59

9.82
6.67

SECURITY MARGIN
WDV OF FIXED ASSETS
AGGREGATE TL OUTSTANDING
MARGIN AVAILABLE
%OF MARGIN
Average MARGIN AVAILABLE

2006-07
19.95
30.00
-10.05
-50.38
30.26

2007-08
42.00
27.00
15.00
35.71

2008-09
45.10
24.00
21.10
46.78

2009-10
48.20
21.00
27.20
56.43

2010-11
48.30
18.00
30.30
62.73

2011-12
48.40
15.00
33.40
69.01

CALCULATION OF INTEREST ON TERM LOAN

Rate of Interest taken

10%

Year-2006-2007
Months

Availment

Op.Bal.

Install

Intt.

Total

[Rs.in lacs]
Closing

Jan-07
Feb-07
Mar-07

10.00
10.00
10.00

0.00
10.00
20.00

0.00
0.00
0.00

0.00
0.08
0.17

0.00
0.08
0.17

10.00
20.00
30.00

27.00

0.00

0.25

0.25

Install
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25

Intt.
0.25
0.25
0.25
0.24
0.24
0.24
0.24
0.24
0.23
0.23
0.23
0.23

Total
0.50
0.50
0.50
0.49
0.49
0.49
0.49
0.49
0.48
0.48
0.48
0.48

[Rs.in lacs]
Closing
29.75
29.50
29.25
29.00
28.75
28.50
28.25
28.00
27.75
27.50
27.25
27.00

24.00

3.00

2.86

5.86

Total

Year-2007-2008
Months
Apr-07
May-07
June-07
July-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Total

Op.Bal.
30.00
29.75
29.50
29.25
29.00
28.75
28.50
28.25
28.00
27.75
27.50
27.25

Year-2008-2009
Months
Apr-08
May-08

Jun-08
July-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09

Op.Bal.
27.00
26.75
26.50
26.25
26.00
25.75
25.50
25.25
25.00
24.75
24.50
24.25

Total

Install
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25

Intt.
0.23
0.22
0.22
0.22
0.22
0.21
0.21
0.21
0.21
0.21
0.20
0.20

Total
0.48
0.47
0.47
0.47
0.47
0.46
0.46
0.46
0.46
0.46
0.45
0.45

3.00

2.56

5.56

Install
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25

Intt.
0.20
0.20
0.20
0.19
0.19
0.19
0.19
0.19
0.18
0.18
0.18
0.18

Total
0.45
0.45
0.45
0.44
0.44
0.44
0.44
0.44
0.43
0.43
0.43
0.43

3.00

2.26

5.26

[Rs.in lacs]
Closing
26.75
26.50
26.25
26.00
25.75
25.50
25.25
25.00
24.75
24.50
24.25
24.00

21.00

[Rs.in lacs]
Closing
23.75
23.50
23.25
23.00
22.75
22.50
22.25
22.00
21.75
21.50
21.25
21.00

18.00

Year-2009-2010
Months
Apr-09
May-09

Jun-09
July-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Total

Op.Bal.
24.00
23.75
23.50
23.25
23.00
22.75
22.50
22.25
22.00
21.75
21.50
21.25

Year-2010-2011
Months

Op.Bal.

Install

Intt.

Total

[Rs.in lacs]
Closing

Apr-10

21.00
20.75
20.50
20.25
20.00
19.75
19.50
19.25
19.00
18.75
18.50
18.25

0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25

0.18
0.17
0.17
0.17
0.17
0.16
0.16
0.16
0.16
0.16
0.15
0.15

0.43
0.42
0.42
0.42
0.42
0.41
0.41
0.41
0.41
0.41
0.40
0.40

20.75
20.50
20.25
20.00
19.75
19.50
19.25
19.00
18.75
18.50
18.25
18.00

3.00

1.96

4.96

May-10

Jun-10
July-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Total

15.00

Year-2011-2012
Months

Apr-11
May-11

Jun-11
July-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Jan-12
Feb-12
Mar-12
Total

Op.Bal.

Install

Intt.

Total

[Rs.in lacs]
Closing

18.00
17.75
17.50
17.25
17.00
16.75
16.50
16.25
16.00
15.75
15.50
15.25

0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25

0.15
0.15
0.15
0.14
0.14
0.14
0.14
0.14
0.13
0.13
0.13
0.13

0.40
0.40
0.40
0.39
0.39
0.39
0.39
0.39
0.38
0.38
0.38
0.38

17.75
17.50
17.25
17.00
16.75
16.50
16.25
16.00
15.75
15.50
15.25
15.00

3.00

1.66

4.66

12.00

Year-2012-2013
Months

Op.Bal.

Install

Intt.

Total

[Rs.in lacs]
Closing

Apr-12

15.00
14.75
14.50
14.25
14.00
13.75
13.50
13.25
13.00
12.75
12.50
12.25

0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25

0.13
0.12
0.12
0.12
0.12
0.11
0.11
0.11
0.11
0.11
0.10
0.10

0.38
0.37
0.37
0.37
0.37
0.36
0.36
0.36
0.36
0.36
0.35
0.35

14.75
14.50
14.25
14.00
13.75
13.50
13.25
13.00
12.75
12.50
12.25
12.00

3.00

1.36

4.36

May-12

Jun-12
July-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Total

9.00

Year-2013-2014
[Rs.in lacs]
Months
Apr-13
Jun-13
July-13

Op.Bal.
12.00
11.75
11.50
11.25

Install
0.25
0.25
0.25
0.25

Intt.
0.10
0.10
0.10
0.09

Total
0.35
0.35
0.35
0.34

Closing
11.75
11.50
11.25
11.00

Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14

11.00
10.75
10.50
10.25
10.00
9.75
9.50
9.25

0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25

0.09
0.09
0.09
0.09
0.08
0.08
0.08
0.08

0.34
0.34
0.34
0.34
0.33
0.33
0.33
0.33

10.75
10.50
10.25
10.00
9.75
9.50
9.25
9.00

3.00

1.06

4.06

May-13

Total

6.00

Year-2014-2015
Months
Apr-14
May-14

Jun-14
July-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15

Op.Bal.
9.00
8.75
8.50
8.25
8.00
7.75
7.50
7.25
7.00
6.75
6.50
6.25

Total

Install
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25

Intt.
0.08
0.07
0.07
0.07
0.07
0.06
0.06
0.06
0.06
0.06
0.05
0.05

Total
0.33
0.32
0.32
0.32
0.32
0.31
0.31
0.31
0.31
0.31
0.30
0.30

3.00

0.76

3.76

Install
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25

Intt.
0.05
0.05
0.05
0.04
0.04
0.04
0.04
0.04
0.03
0.03
0.03
0.03

Total
0.30
0.30
0.30
0.29
0.29
0.29
0.29
0.29
0.28
0.28
0.28
0.28

3.00

0.46

3.46

[Rs.in lacs]
Closing
8.75
8.50
8.25
8.00
7.75
7.50
7.25
7.00
6.75
6.50
6.25
6.00

3.00

[Rs.in lacs]
Closing
5.75
5.50
5.25
5.00
4.75
4.50
4.25
4.00
3.75
3.50
3.25
3.00

0.00

Year-2015-2016
Months
Apr-15
May-15

Jun-15
July-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-16
Jan-16
Feb-16
Mar-16
Total

Op.Bal.
6.00
5.75
5.50
5.25
5.00
4.75
4.50
4.25
4.00
3.75
3.50
3.25

Year-2016-2017
Months
Apr-15
May-15

Jun-15
July-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-16
Jan-16
Feb-16
Mar-16
Total

Op.Bal.
3.00
2.75
2.50
2.25
2.00
1.75
1.50
1.25
1.00
0.75
0.50
0.25

Install
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25

Intt.
0.03
0.02
0.02
0.02
0.02
0.01
0.01
0.01
0.01
0.01
0.00
0.00

Total
0.28
0.27
0.27
0.27
0.27
0.26
0.26
0.26
0.26
0.26
0.25
0.25

3.00

0.16

3.16

[Rs.in lacs]
Closing
2.75
2.50
2.25
2.00
1.75
1.50
1.25
1.00
0.75
0.50
0.25
0.00

NA

PERFORMANCE AND FINANCIAL INDICATORS.

PARTICULARS
Net Sales
PBT
PAT
PAT/N.Sales (%)
Paidup Capital
TNW
TOL/TNW
CR
PBT/TTA(%)
N.Sales/TTA (times)
Optg. Exp/N.Sales (%)
BB/TTA (%)
Inv+Rec/N.Sales (Days)
TTA
Optg.Exp
Inv+Rec
BB

March 31' 06
March 31' 07
Last year's
Current Year
Audited
Estimated
303.97
350.00
1.79
7.30
1.08
5.72
0.36
1.63
11.89
15.00
15.66
26.10
15.26
9.54
1.50
1.76
0.70
2.65
1.19
1.27
99.29
97.81
8.91
9.09
276.79
239.64
254.56
275.15
301.80
342.34
230.51
229.79
22.67
25.00

March 31' 08 March 31' 09 March 31' 10 March 31' 11 March 31' 12
Following
Following
Following
Following
Following
Year-Projec.
Year-Projec. Year-Projec. Year-Projec. Year-Projec.
425.00
530.00
675.00
875.00
1,150.00
13.73
18.05
27.80
41.02
57.91
9.86
12.61
18.94
27.55
38.91
2.32
2.38
2.81
3.15
3.38
20.00
25.00
25.00
25.00
25.00
41.16
58.97
78.11
105.86
144.97
7.23
5.97
5.55
5.02
4.79
1.83
1.92
1.82
1.81
1.87
4.05
4.39
5.43
6.44
6.66
1.25
1.29
1.32
1.37
1.32
96.68
96.60
95.89
95.32
94.99
11.80
13.38
13.68
14.13
13.81
247.34
245.17
244.69
240.08
254.02
338.92
411.05
511.61
637.14
869.22
410.91
511.99
647.26
834.04
1,092.41
288.00
356.00
452.50
575.54
800.34
40.00
55.00
70.00
90.00
120.00

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS UNDER PBS METHOD

Particulars
Total Current Assets
Other Current Liabilities
Working Capital Gap
NWC(Actual/Proj)
ABF
NWC/TCA (%)
OCL/TCA (%)
S.Creditors/TCA (%)
ABF/TCA (%)
Inventories/N.Sales (Days)
Receivables/G.Sales (Days)
S.Crs/Purchases (Days)
PBDIT/Intt (Times)
PAT/N.Sales (%)
ROCE (%)
N.Sales
G.Sales
Receivables
Inventory
Purchases
S.Creditors
PBDIT
Interest
TTA
Cash Accruals
PBT/NS (%)

March 31' 06
234.61
156.81
77.80
55.13
22.67
23.50
66.84
18.05
9.66
75.52
156.26
57.80
4.80
0.36
1.49
303.97
303.97
130.13
100.38
267.44
42.35
3.79
0.79
254.56
1.91
0.59

March 31' 07
233.15
132.74
100.41
75.41
25.00
32.34
56.94
16.78
10.72
105.85
133.79
47.45
7.15
1.63
3.59
350.00
350.00
128.29
101.50
301.00
39.13
9.87
1.38
275.15
6.55
2.09

March 31' 08 March 31' 09 March 31' 10 March 31' 11 March 31' 12
293.32
360.85
461.31
586.74
816.86
160.05
187.97
252.99
324.37
437.04
133.27
172.88
208.32
262.37
379.82
93.27
117.88
138.32
172.37
259.82
40.00
55.00
70.00
90.00
120.00
31.80
32.67
29.98
29.38
31.81
54.56
52.09
54.84
55.28
53.50
14.95
15.16
15.10
14.11
14.53
13.64
15.24
15.17
15.34
14.69
109.50
109.50
109.50
109.50
109.50
137.84
135.67
135.19
130.58
144.52
43.80
43.80
43.80
40.15
43.80
3.78
4.46
6.15
8.44
11.33
2.32
2.38
2.81
3.15
3.38
6.42
6.24
6.92
7.63
7.51
425.00
530.00
675.00
875.00
1150.00
425.00
530.00
675.00
875.00
1150.00
160.50
197.00
250.00
313.04
455.34
127.50
159.00
202.50
262.50
345.00
365.50
455.80
580.50
752.50
989.00
43.86
54.70
69.66
82.78
118.68
21.75
25.67
35.40
48.62
65.25
5.76
5.76
5.76
5.76
5.76
338.92
411.05
511.61
637.14
869.22
11.76
14.51
20.84
29.45
40.81
3.23
3.41
4.12
4.69
5.04

BREAK EVEN SALES

2005-06
SALES

2006-07

2007-08

2008-09

45.00

65.00

88.00

95.00

Raw Material
Power & Fuel
Direct Labour 45%
Other Manufacturing Exp.
Selling Gene.Administrative 50%

34.17
0.19
0.11
0.95
1.73

54.22
0.22
0.19
1.13
2.40

73.60
0.40
0.36
1.87
2.65

75.55
0.50
0.50
2.30
2.90

Total of Variable Expenses

37.15

58.16

78.88

81.75

Contribution

7.85

6.84

9.12

13.25

Direct Labour 55%

Depreciation
Selling Gene.Administrative 50%
Interest on Term Loan

0.14
0.70
1.74
0.00

0.24
1.05
2.40
0.31

0.44
1.64
2.65
1.04

0.60
1.64
2.90
0.74

Total of Fixed Expesnes

2.58

4.00

5.77

5.88

FIXED COST/CONTRIBUTION

0.33

0.58

0.63

0.44

If increase in cost of raw material

by 5%
Contribution [as above]
Less: Effect of r/m change
Revised Contribution

7.85
1.71
6.14

6.84
2.71
4.13

9.12
3.68
5.44

13.25
3.78
9.47

Revised B.E.P.

0.42

0.97

1.06

0.62

IF SALES DECREASE BY 5% Contribution [as above]

less: effect of change
Revised Contribution

7.85
2.25
5.60

6.84
3.25
3.59

9.12
4.40
4.72

13.25
4.75
8.50

Revised B.E.P.

0.46

1.11

1.22

0.69

Variable Expenses

Fixed Expesnes

B.E.P.

FINANCIAL PROPOSAL

Cross Checks
Difference in Balance Sheet

June 30' 04 March 31' 06 March 31' 07

Yr .Before
Last year's Current Year
Last-Audited
Audited
Estimated
0.00
0.00
0.00

March 31' 08 March 31' 09

Following
Following
Year-Projec. Year-Projec.
0.00
0.00

Diff between SIP in P& L and in Balance sheet

0.00

0.00

0.00

0.00

0.00

Diff between FG in P& L and in Balance sheet

0.00

0.00

0.00

0.00

0.00

2.39

(2.12)

0.00

0.00

(0.89)

(4.72)

(5.20)

(5.20)

Diff between Dep in P& L and in Balance sheet

Diff between P& L Balane & Inc in Retained Earnings

March 31' 10March 31' 11 March 31' 12

Following Following
Following
Year-Projec. Year-Projec. Year-Projec.
0.00
0.00
30.00
0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(0.20)

(0.20)

(0.20)