Assessment of Working Capital Requirement: Sheet 1

ASSESSMENT OF WORKING CAPITAL REQUIREMENT
FORM II : OPERATING STATEMENT

Sheet 1
As per profit and loss account actuals/estimates for the year ending
2012 2013 2014 2015 2016
Aud
Aud
Est
Est
Est
GROSS SALES
VI
VII
VIII
IX
X
1
i.
ii.
2019
Est
XIII
2020
Est
XIV
742.24
778.23
4.50
4.50
4.50
759.14 630.14 578.24 652.33 712.73 717.54 722.44
746.74
782.73
Less Duties & Taxes
130.96 108.65
99.99 115.69 128.01 129.45 130.55
135.38
142.94
Domestic sales
Export sales
Add other revenue income
Total
2017
Est
XI
2018
Est
XII
756.12 625.64 573.74 647.83 708.23 713.04 717.94

3.02
4.50
4.50
4.50
4.50
4.50
Deduct other items
128.11 100.42 100.42 100.42 100.42 100.42 100.42
100.42
100.42
Net sales ( item 1 - item 2 )
500.08 421.07 377.83 436.22 484.29 487.67 491.46
510.94
539.36
% age rise (+) or fall (-) in net

sales compared to previous
year (annualised)
Cost of Sales
0.78
3.96
5.56
Raw materials (including

stores and other items used
in the process of manufacture)
(a) imported
212.21 190.63 190.51 206.41 224.27 223.85 226.21
228.21
242.59
(b) Indigenous
212.21 190.63 190.51 206.41 224.27 223.85 226.21
228.21
242.59
5
i.)
ii)
Other spares
38.16 -15.80 -10.27
15.45
11.02
0.70
17.58
13.23
10.45
11.62
12.52
12.52
12.52
12.97
13.42
17.58
13.23
10.45
11.62
12.52
12.52
12.52
12.97
13.42
142.55 142.24 125.33 137.99 152.37 152.37 154.12
161.10
169.05
24.92
24.92
24.92
-53.56 -33.06 -45.70 -37.33 -31.17 -30.59 -29.98
(a) Imported
(b) Indigenous
iii) Power and fuel
iv) Direct labour
(Factory wages & salary)
v) Other mfg. Expenses
vi) Depreciation
vii) SUB TOTAL (I TO VI)
19.48
21.26
22.60
23.73
23.73
23.73
-27.15
-23.72
26.73
26.09
25.56
370.00 366.91 333.86 371.84 410.08 409.36 414.52
426.15
451.82
4.60
2.42
1.59
7.92
8.94
9.76
9.83
374.60 369.33 335.45 379.76 419.02 419.12 424.35
9.90
436.05
10.23
462.05
31.73
32.60
30.67
29.42
28.36
27.48
viii ADD: Opening stocks-inProcess

Sub-total
Form II : Sheet 2
2012
Aud
ix) Deduct : Closing stocks-inprocess
2.42
2013
Aud
2019
Est
2020
Est
372.18 367.74 327.53 370.82 409.26 409.29 414.45
425.82
451.33
23.59
23.75
24.55
SUB-TOTAL
xii) Deduct closing stock of
finished goods
391.81 386.91 344.82 389.83 430.70 432.72 438.04
449.57
475.88
23.75
24.55
25.73
372.64 369.61 325.81 368.39 407.27 409.13 414.29
425.02
450.14
29.00
30.15
31.83
399.64 396.97 348.11 394.13 435.85 437.91 443.29
SUB-TOTAL (5+6)
Operating profit before interest
( 3-7 )
Interest
###
Operating profit after interest

( 8-9 )
###(i) Add other non-operating income
27.00
17.30
27.36
19.01
22.30
21.45
25.74
23.43
23.43
xiii SUB-TOTAL ( Total cost

of sales)
6
Selling general and administrtive
expenses
19.17
21.45
9.83
2018
Est
x) Cost of Production
xi) Add : Opening stock of
finished goods
19.01
9.76
2017
Est
10.72
17.30
8.94
2016
Est
10.23
19.17
7.92
2015
Est
9.90
19.63
1.59
2014
Est
28.58
23.59
28.78
455.17
481.97
100.44
24.10
29.72
42.09
48.44
49.76
48.17
55.76
57.39
41.47
36.00
28.41
31.59
29.72
26.90
23.66
19.77
17.61
1.31 10.50 18.72 22.86 24.50
35.99
39.78
58.98 -11.91
(a) Interest Income

(b) Profit on Sale of Assets
(c) Dividend & other Income
(d) Prior Year Income
Sub-total ( income )
0.64
0.01
3.16
0.89
4.69
0.94
0.65
1.40
-0.09
2.89
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.06
0.00
0.06
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(ii) Deduct other non-operating expenses

(a)P&P expense including
all book entries written of
(b) Loss on Sale of Assets
(c) Misc Exp. w/o
(d)
Sub-total ( expenses )
(iii) Net of other non-operating
income/expenses
###
Profit before tax/loss[10+11(iii)]
0.06
4.64
0.06
2.88
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
63.61
-9.02
1.31
10.50
18.72
22.86
24.50
35.99
39.78
###
Provision for taxes
19.36
2.53
0.42
3.41
6.07
7.42
7.95
11.31
12.36
###
Net profit/loss ( 12-13 )
44.25 -11.55
0.88
7.09
12.65
15.44
16.55
24.68
27.41
###
(a) Equity dividend paid-amt

(Already paid+ B.S. provision)
(b) Dividend Rate
0.00
0.00
0.00
###
0.00
###
0.00
###
0.00
###
0.00
0.00
### 1187.45
0.00
869.93
36.13 -11.55
0.88
7.09
12.65
15.44
16.55
24.68
27.41
100
100
100
100
100
100
100
###
Retained profit ( 14-15 )
###
Retained profit/Net profit (% age)
8.12
0.00
82
100
LIABILITIES
STATEMENT
AS PER BALANCE SHEET AS AT 31st MARCH

Sheet 1
CURRENT LIABILITIES
1
2012
Aud
VI
2013
Aud
VII
2014
Est
VIII
2015
Est
IX
2016
Est
X
2017
Est
XI
2018
Est
XII
2019
Est
XIII
2020
Est
XIV
Short-term borrowings from

banks(including bills purchased,
discounted & excess borrowing
placed on repayment basis)
(i.) From applicant banks
(ii.) From other banks
83.03
78.51
75.00
85.00
85.00
85.00
85.00
85.00
85.00
83.03
78.51
75.00 85.00 85.00 85.00 85.00
85.00
85.00
(iii) Of which BP & BD

SUB TOTAL
2
Short term borrowings from

banks
Sundry Creditors (Trade)
33.16
42.31
32.40
36.59
40.79
40.80
41.44
42.75
45.55
Advance payments from custo

mers/deposits from dealers
28.47
31.78
29.16
29.61
29.11
26.38
23.90
22.24
20.98
Provision for taxes
15.36
0.00
0.42
3.41
6.07
7.42
7.95
11.31
12.36
Dividend payable
8.12
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other statutory liabilities

(due within one year)
6.52
4.67
4.67
4.67
4.67
4.67
4.67
4.67
4.67
Deposits/instalments of term
loans/DPGs/Debentures,etc.
(due within one year)
40.47
-3.55
16.79 21.72 25.38 30.42 35.69
0.00
0.00
Other current liabilities &

provisions(due within 1 Yr)
(specify major items)
Creditors for Expenses
Unclaimed Dividend
Others
13.54
27.44
27.44 27.44 27.44 27.44 27.44
27.44
27.44
12.01
1.53
25.84
1.60
25.84
1.60
25.84
1.60
25.84
1.60
25.84
1.60
25.84
1.60
25.84
1.60
25.84
1.60
145.64 102.65 110.88
###
###
###
###
108.40
110.99
228.67 181.16 185.88
###
###
###
###
193.40
195.99
SUB-TOTAL (B)
TOTAL CURRENT LIABILITIES
TERM LIABILITIES
----------------------------------Form III : Sheet 2
2012
Aud
2013
Aud
2014
Est
2015
Est
2016
Est
2017
Est
2018
Est
2019
Est
2020
Est
11 Debentures (not maturing

within one year)
12 Preference shares
(redeemable after one year)
13 Term loans(excluding instalmen111.22 130.01 113.22 91.50 66.11 35.69
payable within one year)
0.00
0.00
0.00
14 Deferred Payment Credits

(excluding instalments due
within one year)
11.33
11.94
5.71
0.00
0.00
0.00
0.00
0.00
0.00
15 Term deposits (repayable

after one year)
70.28
76.81
76.81
76.81
76.81
76.81
76.81
76.81
76.81
16 Other term liabilities
12.38
12.90
10.05
8.15
6.52
5.57
4.75
5.23
5.75
17 TOTAL TERM LIABILITIES
205.21 231.66 205.78
###
###
### 81.56
82.04
82.56
18 TOTAL OUTSIDE LIABILITIES
433.88 412.82 391.66
###
###
###
###
275.44
278.55
37.76
37.76
37.76
37.76
37.76
37.76
115.00 115.00 115.00 115.00 115.00 115.00 115.00
115.00
115.00
NET WORTH
------------------------19 Ordinary share capital
20 General reserve
34.94
34.94
37.76
21 Revaluation reserve
22 Other reserve (excluding
provisions)
23 Surplus (+) or deficit (-) in
Profit & Loss Account
23aOthers (specify)
Share Premium
Share Suspense / Application
Deferred Tax
2.41
2.41
2.41
2.41
2.41
2.41
2.41
2.41
2.41
18.01
2.37
3.25 10.35 22.99 38.44 54.99
78.54
104.28
21.06
0.00
33.89
21.06
0.00
35.60
21.06
0.00
35.60
21.06
0.00
35.60
21.06
0.00
35.60
21.06
0.00
35.60
21.06
0.00
35.60
21.06
0.00
35.60
21.06
0.00
35.60
24 NET WORTH
225.30 211.37 215.08
###
###
###
###
290.37
316.10
25 TOTAL LIABILITIES
659.18 624.20 606.75
###
###
###
###
565.80
594.66
Sheet 3
AS PER BALANCE SHEET AS AT : 31st MARCH
ASSETS
26 Cash and bank balances
27 Investment (other than long
term investment)
(i) Government & other
Trustee Securities
(ii) Fixed Deposits with Banks
28 (i) Receivables other than
deferred & exports (include
bills purchased and
discounted by Banks)
(ii) Export receivables(include
bills purchased and
discounted by banks)
29 Instalments of deferred
receivables(due with in one yr.)
30 Inventory:
(i)Raw materials(including stor
& other items used in the
process of manufacture)
(a) Imported
(b) Indigenous
(ii) Stock-In-Process
(iii) Finished goods
(iv) Other Consumable Spares
(a) Imported
(b) Indigenous)
31 Advance to suppliers of raw
materials & stores and spares
32 Advance payment of taxes
33 Other Current assets
(Specify major items)
Deposits with Electricity Board
Others
34 TOTAL CURRENT ASSETS
2012
2013 2014 2015 2016
Aud
Aud
Est
Est
Est
VI
VII
VIII
IX
X
4.07
2.92 13.88 31.08 44.92
0.00
0.00
0.00
0.00
0.00
2017
2018
Est
Est
XI
XII
59.37 69.32
0.00
0.00
2019
Est
XIII
82.68
0.00
2020
Est
XIV
131.04
0.00
59.61
39.56
39.61
44.68
48.82
49.15
49.48
51.15
53.61
58.75
12.69
56.34
10.31
58.62
12.67
66.13
14.30
72.25
15.62
72.74
15.73
73.23
15.83
75.70
16.37
79.35
17.16
12.69
2.42
19.17
24.47
10.31
1.59
17.30
27.15
12.67
7.92
19.01
19.01
14.30
8.94
21.45
21.45
15.62
9.76
23.43
23.43
15.73
9.83
23.59
23.59
15.83
9.90
23.75
23.75
16.37
10.23
24.55
24.55
17.16
10.72
25.73
25.73
24.47
19.91
27.15
20.96
19.01
20.96
21.45
20.96
23.43
20.96
23.59
20.96
23.75
20.96
24.55
20.96
25.73
20.96
43.75
22.07
21.68
43.08
17.72
25.36
43.08
17.72
25.36
43.08
17.72
25.36
43.08
17.72
25.36
43.08
17.72
25.36
43.08
17.72
25.36
43.08
17.72
25.36
43.08
17.72
25.36
245.29 256.08
273.56
328.03
186.09 162.87 176.14 205.93 230.02
FIXED ASSETS
Form III : Sheet 4
2012
2013 2014 2015 2016
Aud
Aud
Est
Est
Est
642.99 660.90 660.91 660.91 660.91
35 Gross Block(Land & Building

machinery, work-in-process)
36 Depreciation to date
172.65 202.27 232.94 262.36 290.72
37 NET BLOCK
470.35 458.63 427.97 398.55 370.19
OTHER NON-CURRENT ASSETS
38 Investment/bookdebts/advanc
2.29
2.29
2.29
2.29
2.29
deposits which are not current
assets
(i) a) Investment in subsidiary
0.00
0.00
0.00
0.00
0.00
Co./affiliates
b) Others
(ii) Advances to suppliers of
capital goods & contractors
(iii)Deferred receivables (maturity
exceeding one year)
(iv)Others (a) Debtors> 6 mon
2.29
2.29
2.29
2.29
2.29
(b) Security Deposits
(c) Others
39 Non-consumables stores &
spares
40 Other non-current assets including dues from Directors
41 TOTAL OTHER NON-CURR. ASSETS
2.29
2.29
2.29
2.29
2.29
42 Intangible assets (patents,
0.46
0.40
0.34
0.29
0.23
goodwill, prelim.expenses, bad/
doubtful exp.not provided for etc)
43 TOTAL ASSETS(34+37+41+42 659.18 624.19 606.74 607.05 602.73
2017
2018
Est
Est
660.91 660.91
2019
Est
660.91
2020
Est
660.91
318.20 344.92
342.71 315.99
371.02
289.89
396.57
264.34
2.29
2.29
2.29
2.29
0.00
0.00
0.00
0.00
2.29
2.29
2.29
2.29
2.29
0.17
2.29
0.11
2.29
0.06
2.29
0.00
590.46 574.47
565.80
594.65
YEAR
0
2012
Aud
VI
2013
Aud
VII
2014
Est
VIII
2015
Est
IX
2016
Est
X
2017
Est
XI
2018
Est
XII
2019
Est
XIII
2020
Est
XIV
If ASSETS are equal to LIABILITIES

N
N
N
N
N
N
N
N
N
Balance Sheet Total ASSETS
659.18 624.19 606.74 607.05 602.73 590.46 574.47 565.80
594.65
Balance Sheet Total LIABILITIES 659.18 624.20 606.75 607.06 602.73 590.46 574.47 565.80
594.66
Dif Assets- liabilities
0.00
-0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Is Balance Sheet SIP Closing stock Y
Equal to OP-Stmt. SIP Closing Stock
SIP Closing Stock :Asset Staement. 2.42
SIP Closing Stock : Operating Stmt. 2.42
Is Balance Sheet FG Closing stock

Y
Equal to OP-Stmt. FG Closing Stock
FG Closing Stock : Asst. Stmt.
19.17
FG Closing Stock : OP. Statement
19.17
Is Balance Sheet Depriciation

Equal to OP-Stmt. Depriciation
Balance Sheet Depriciation
Operating profit depriciation
* Dif
PROFIT AFTER TAX
Dividend
Adj. Sales = Net Sales+Increase
in FG & SIP
RM/ Adj. Sales (%)
Spares/ Adj. Sales (%)
Power & Fuel/ Adj. Sales(%)
Labour/ Adj. Sales (%)
Other Mfg Exp./Adj. Sales (%)
N
31.64
31.73
1.59
1.59
7.92
7.92
8.94
8.94
9.76
9.76
9.83
9.83
9.90
9.90
10.23
10.23
10.72
10.72
17.30
17.30
19.01
19.01
21.45
21.45
23.43
23.43
23.59
23.59
23.75
23.75
24.55
24.55
25.73
25.73
29.62
32.60
30.67
30.67
29.42
29.42
28.36
28.36
27.48
27.48
26.73
26.73
26.09
26.09
25.56
25.56
44.25 -11.55
0.88
7.09
12.65
15.44
16.55
24.68
27.41
0.00
0.00
0.00
0.00
0.00
0.00
0.00
497.43 418.37 385.87 439.67 487.11 487.89 491.69
512.07
541.04
8.12
0.00
42.66
45.57
49.37
46.95
46.04
45.88
46.01
44.57
44.84
3.53
3.16
2.71
2.64
2.57
2.57
2.55
2.53
2.48
28.66
34.00
32.48
31.38
31.28
31.23
31.35
31.46
31.25
3.92
5.08
5.86
5.40
4.87
4.86
5.07
4.87
4.61
-7.90 -11.84
-8.49
-6.40
-6.27
-6.10
-5.30
-4.38
-10.77
Cost of Prod./ Adj. Sales(%)
74.82
87.90
84.88
84.34
84.02
83.89
84.29
83.16
83.42
Cost Of sales / Sale (%)
74.52
87.78
86.23
84.45
84.10
83.90
84.30
83.18
83.46
136.80
59.58
60.39
71.50
76.80
77.24
74.89
81.86
82.94
5.43
6.54
5.78
5.85
5.87
5.90
5.90
5.89
5.88
PBDIT
Selling+General Exp/Adj Sales %
* Difference due to disposal of assets.

Is FAs Additions>TLs raised
Increase in FA
Increase in TL
Y
Y
43.25 17.91
-51.53 -25.23
N
0.01
3.55
Y
Y
Y
Y
0.00
0.00
0.00
0.00
-16.79 -21.72 -25.38 -30.42
If Cash Accrual>TL Installment

Cash Accrual
TL installment
Net DSCR
Y
N
Y
Y
Y
Y
Y
75.98 21.05 31.55 36.51 41.01 42.92 43.28
52.50 40.47 -3.55 16.79 21.72 25.38 30.42
1.45
0.52
-8.90
2.17
1.89
1.69
1.42
Y
0.00
-35.69
Y
50.77
35.69
1.42
N
0.00
0.00
Y
52.97
0.00
#DIV/0!
PERFORMANCE AND FINANCIAL INDICATORS

2012
Aud
Particulars
Domestic Sales(Gross)
Export Sales
Net Sales
2013
Aud
2014
Est
2015
Est
2016
Est
2017
Est
2018
Est
### 625.64 573.74 647.83 708.23 713.04 717.94

3.02
4.50
4.50
4.50
4.50
4.50
4.50
### 421.07 377.83 436.22 484.29 487.67 491.46
2019
Est
2020
Est
742.24
4.50
510.94
778.23
4.50
539.36
% rise/fall (-) in net sales
38.16
-15.80
-10.27
15.45
11.02
0.70
0.78
3.96
5.56
Profit Before tax
63.61
-9.02
1.31
10.50
18.72
22.86
24.50
35.99
39.78
PBT/ Sales (%)
12.72
-2.14
0.35
2.41
3.87
4.69
4.99
7.04
7.37
Profit After Tax
44.25
-11.55
0.88
7.09
12.65
15.44
16.55
24.68
27.41
Cash Accrual
75.98
21.05
31.55
36.51
41.01
42.92
43.28
50.77
52.97
Paid Up Capital
34.94
34.94
37.76
37.76
37.76
37.76
37.76
37.76
37.76
### 210.97 214.74 221.89 234.59 250.09 266.70
290.31
316.10
TNW
TOL/TNW (times)
NWC
1.93
1.96
1.82
1.73
1.57
1.36
1.15
0.95
0.88
-42.58
-18.30
-9.74
-2.50
11.55
23.16
29.99
80.16
132.04
0.81
0.90
0.95
0.99
1.05
1.10
1.13
1.41
1.67
### 210.97 214.74 221.89 234.59 250.09 266.70
290.31
316.10
Current Ratio
Adjusted TNW
Adjusted TOL/TNW
1.93
1.96
1.82
1.73
1.57
1.36
1.15
0.95
0.88
Figures in Italics represents estimates taken at the time of the last renewal.
Other Ratios
Operating Cost/ sales % 88.21 102.83
Net Sales /TTA (times)
PBDIT
99.65
97.59
96.13
95.31
95.01
92.96
92.63
0.76
0.68
0.62
0.72
0.80
0.83
0.86
0.90
0.91
###
59.58
60.39
71.50
76.80
77.24
74.89
81.86
82.94
EFFICIENCY RATIOS
2012
Aud
2013
Aud
2014
Est
2015
Est
2016
Est
2017
Est
2018
Est
2019
Est
2020
Est
0.76
0.68
0.62
0.72
0.80
0.83
0.86
0.90
0.91
9.66
-1.45
0.22
1.73
3.11
3.87
4.27
6.36
6.69
Operating Cost to sales (%)
88.21 102.83
99.65
97.59
96.13
95.31
95.01
92.96
92.63
Bank Finance/ Ct. Assets (%)
44.62
48.21
42.58
41.28
36.95
34.65
33.19
31.07
25.91
86
83
95
93
91
91
91
91
90
Net Sales/ Total Tangible

Assets (times)
PBT/ Total Tangible Assets (%)
Inventory+ Receivables to net

Sales (days)
Figures in Italics represents estimates taken at the time of the last renewal.
PBDIT
136.80
59.58
60.39
71.50
76.80
77.24
74.89
81.86
82.94
0.81
1.93
0.90
1.96
0.95
1.82
0.99
1.73
1.05
1.57
1.10
1.36
1.13
1.15
1.41
0.95
1.67
0.88
3.30
8.85
20.75
86
1.65
-2.74
9.55
83
2.13
0.23
9.95
95
2.26
1.63
11.78
93
2.58
2.61
12.74
91
2.87
3.17
13.08
91
3.16
3.37
13.04
91
4.14
4.83
14.47
91
4.71
5.08
13.95
90
RISK RATING RELATED RATIOS

1
2
3
4
5
6
Current Ratio
TOL/TNW (times)
PBDIT/Interest (times)
PAT/Net Sales (%)
ROCE (%) (PBDIT/TA)
INV+REC./Sales (days)
INVENTORY & RECEIVABLES HOLDING LEVELS
Particulars
Raw Material : a) Indigenou
b) Imported
Stock in Process
Finished Goods
2012
Aud
2013
Aud
2014
Est
2015
Est
2016
Est
2017
Est
2018
Est
2019
Est
2020
Est
VI
VII
VIII
IX
XI
XII
XIII
XIV
12.69
10.31
12.67
14.30
15.62
15.73
15.83
16.37
17.16
0.72
0.65
0.80
0.83
0.84
0.84
0.84
0.86
0.85
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
10.72
2.42
1.59
7.92
8.94
9.76
9.83
9.90
10.23
0.08
0.05
0.29
0.29
0.29
0.29
0.29
0.29
0.29
19.17
17.30
19.01
21.45
23.43
23.59
23.75
24.55
25.73
0.62
0.56
0.70
0.70
0.69
0.69
0.69
0.69
0.69
Other Spares : a) Indigeno 24.47
27.15
19.01
21.45
23.43
23.59
23.75
24.55
25.73
16.70
24.62
21.84
22.15
22.46
22.61
22.76
22.72
23.00
b) Imported
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Receivables : a) Domestic
59.61
39.56
39.61
44.68
48.82
49.15
49.48
51.15
53.61
0.95
0.76
0.83
0.83
0.83
0.83
0.83
0.83
0.83
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
59.61
39.56
39.61
44.68
48.82
49.15
49.48
51.15
53.61
0.94
0.75
0.82
0.82
0.82
0.82
0.82
0.82
0.82
33.16
42.31
32.40
36.59
40.79
40.80
41.44
42.75
45.55
1.86
2.70
2.02
2.11
2.17
2.19
2.20
2.24
2.25
112.48
67.74
60.34
66.96
78.49
77.92
86.84 92.68 96.33

95.12 108.96 123.40
99.65
133.36
65.65
146.72
65.45
195.07
b) Export
Receivables
S. Creditors
Other Creditors
Other Current Assets
ABF ASSESSMENT
Particulars
2012 2013 2014 2015

Aud Aud
Est
Est
Total CA
###
###
###
### 230.02 245.29 256.08
273.56
Other CL(Except Bank Borr.) ###
###
###
### 133.47 137.13 141.09
108.40
Working Capital Gap
40.45 60.22 65.26 82.50
Net Working Capital (Act./Pro-42.58 -18.30 -9.74

Assessed Bank Finance
2016
Est
96.55
2017
Est
2018
Est
108.16 114.99
2019
Est
165.16
-2.50
11.55
23.16
29.99
80.16
83.03 78.51 75.00 85.00
85.00
85.00
85.00
85.00
NWC to TCA (%)
-23
-11
-6
-1
12
29
Bank Finance to TCA %
45
48
43
41
37
35
33
31
S. Cr. To TCA (%)
18
26
18
18
18
17
16
16
Other CL to TCA (%)
60
37
45
42
40
39
39
24
Inv. To Net sales (days)
43
49
57
55
54
54
54
54
Rec. to gross sales (days)
29
23
25
25
25
25
25
25
S. Cr. To purchases (days)
57
81
62
65
66
67
67
68
Check Total(12+13+14+15)
###
###
###
### 100.00 100.00
2017
Est
100.00
2018
Est
2019
Est
Particulars
2012 2013 2014 2015

Aud Aud
Est
Est
NWC to TCA (%)

Bank Finance to TCA %
Other CL to TCA (%)
-22.88 -11.23
44.62 48.21
78.26 63.03
-1.21
41.28
59.94
5.02
36.95
58.02
9.44
34.65
55.91
11.71
33.19
55.10
29.30
31.07
39.63
Check Total
100.00 100.00 100.00 100.00
100.00
100.00
100.00
100.00
-5.53
42.58
62.95
2016
Est
100.00
FUND FLOW (DETAILED)
SOURCES
2012
Aud
2013
Aud
2014
Est
2015
Est
2016
Est
2017
Est
2018
Est
2019
Est
a. Net Profit (After Tax)
44.25
0.00
0.88
7.09
12.65
15.44
16.55
24.68
b. Depreciation
31.64
29.62
30.67
29.42
28.36
27.48
26.73
26.09
c Increase in Capital
0.00
0.00
2.83
0.00
0.00
0.00
0.00
0.00
d. Increase In TL. Incl.public deposits
0.00
26.45
0.00
0.00
0.00
0.00
0.00
0.48
i.) Fixed Assets
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
ii.) Other Non Current Assets
0.00
0.06
0.06
0.06
0.06
0.06
0.06
0.06
1.04
0.00
0.00
0.00
0.00
0.00
0.00
0.00
76.93
56.13
34.44
36.57
41.07
42.98
43.34
51.31
e. Decrease in
f Others - Share Premium / Deferred Ta

g. Total
2
USES
a. Net Loss
b. Dec.in Term Liab. incl. Pub.Dep.
0.00
11.55
0.00
0.00
0.00
0.00
0.00
0.00
33.91
0.00
25.88
29.33
27.01
31.37
36.51
0.00
43.25
17.91
0.01
0.00
0.00
0.00
0.00
0.00
c. Increase in
i) Fixed Assets
0.59
0.00
0.00
0.00
0.00
0.00
0.00
0.00
d. Dividend Payment
ii) Other Non current assets
8.12
0.00
0.00
0.00
0.00
0.00
0.00
0.00
e Others
0.00
2.38
0.00
0.00
0.00
0.00
0.00
1.13
85.88
31.84
25.89
29.33
27.01
31.37
36.51
1.13
2012 2013 2014 2015

Aud
Aud
Est
Est
-8.95 24.29
8.55
7.24
2016
Est
14.06
2017
Est
11.60
2018
Est
6.83
2019
Est
50.17
f Total
FUNDS FLOW STATEMENT
(Summary)
3I
Particulars
Long Term Surplus/Deficit
4 ii Increase/decrease in Curr. Assts.
15.86 -23.22
13.27
29.78
24.10
15.27
10.79
17.49
5 iii Inc./Dec. in CL other than BB

6 iv Inc./Dec. in WC Gap
17.96 -42.99
-2.10 19.77
8.23
5.04
12.55
17.24
10.04
14.06
3.66
11.60
3.96
6.83
-32.69
50.17
7 v Net Surplus (+) Deficit (-)
-6.85
4.53
3.51 -10.00
0.00
0.00
0.00
0.00
6.85
-4.52
0.00
0.00
0.00
0.00
8 vi Inc./Dec. in Bank Borrowings
-3.51
10.00
FUNDS FLOW STATEMENT
Particulars
2012 2013 2014 2015

Aud Aud
Est
Est
Long Term Sources

Long Term Uses
Surplus/Deficit
76.93 56.13 34.44 36.57

85.88 31.84 25.89 29.33
-8.95 24.29 8.55
7.24
2016
Est
41.07
27.01
14.06
2017
Est
42.98
31.37
11.60
2018
Est
43.34
36.51
6.83
2019
Est
51.31
1.13
50.17
Movement of TNW
Particulars
2012 2013 2014 2015

Aud Aud
Est
Est
Opening balance
### ###
1 Add.
i Profit/(-)Loss after Tax
44.25 -11.55
ii Increase in Capital
0.00 0.00
iii Dec./(-) Inc.in Intangible Assets
0.01 0.06
iv Others
1.04 -2.38
2 Less
Div Paid(Incl.Div.Tax)/ Withdrawals -8.12 0.00
TNW
### ###
2016
Est
2017
Est
2018
Est
2019
Est
###
### 221.89 234.59 250.09 266.70
0.88
2.83
0.06
0.00
7.09
0.00
0.06
0.00
0.00
###
0.00
0.00
0.00
0.00
0.00
### 234.59 250.09 266.70 290.31
12.65
0.00
0.06
0.00
15.44
0.00
0.06
0.00
16.55
0.00
0.06
0.00
24.68
0.00
0.06
-1.13
10
11
12
13
14
15
COMMERCIAL VIABILITY
Particulars
Sources
Net Retained Profit
Depreciation
P&P Written Of
Net Cash Accrual
TL Interest
Total Sources
Obligations
TL Installment
TL Interest
Total Uses
Gross DSCR
Average GDSCR
Average Net DSCR
2012
2013
36.13
31.73
0.06
67.92
23.39
91.31
-11.55
32.60
0.06
21.11
12.60
33.71
52.50 40.47
23.39 12.60
75.89 53.08
1.20
0.64
2014
2015
2016
2017
2018
2019
0.88
30.67
0.00
31.55
11.00
42.56
7.09
29.42
0.00
36.51
13.66
50.17
12.65
28.36
0.00
41.01
12.11
53.12
15.44
27.48
0.00
42.92
9.29
52.21
16.55
26.73
0.00
43.28
6.05
49.33
24.68
26.09
0.00
50.77
2.16
52.94
-3.55
11.00
7.46
16.79
13.66
30.46
21.72
12.11
33.83
25.38
9.29
34.67
30.42
6.05
36.48
35.69
2.16
37.86
5.71
1.65
1.57
1.51
1.35
1.40
2020
27.41
25.56
0.00
52.97
0.00 103.33
52.97 337.08
0.00
0.00
0.00
1.22
MARGIN OF SECURITY
Particulars
Written Down Value
Loan Outstanding
Margin
Security Margin
2012 2013 2014 2015 2016

### ### 427.97 398.55 370.19
### ### 130.01 113.22 91.50
### ### 297.96 285.34 278.69
68
72
70
72
75
INPUT
LOAN REPAYMENT SCHEDULE
TL Amount/Opening Balance 203.22
Loan Disbursed during FY
0.97
Less Repayment during the ye 52.50
Closing Balance
151.69
151.69 126.46 130.01 113.22

15.24
0.00
0.00
0.00
40.47
-3.55
16.79
21.72
126.46 130.01 113.22 91.50
2017
342.71
66.11
276.60
81
91.50
0.00
25.38
66.11
2018 2019
315.99 289.89
35.69 0.00
280.29 289.89
89
100
66.11
0.00
30.42
35.69
Less Installment for the Next Y 40.47 -3.55

16.79
21.72
25.38
30.42
35.69
TL Balance as per Lib-Smt
111.22 130.01 113.22 91.50
66.11
35.69
0.00
111.22 130.01 113.22
91.50
66.11
35.69
0.00
35.69
0.00
35.69
0.00
0.00
0.00
0.00
103.33
276.03
2020
264.34
0.00
264.34
100
0.00
0.00
0.00
0.00
0.00
0.00
0.00
16

Assessment of Working Capital Requirement: Sheet 1

Uploaded by

Copyright:

Available Formats

Assessment of Working Capital Requirement: Sheet 1

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Assessment of Working Capital Requirement: Sheet 1

Uploaded by

Copyright:

Available Formats

ASSESSMENT OF WORKING CAPITAL REQUIREMENT

FORM II : OPERATING STATEMENT

759.14 630.14 578.24 652.33 712.73 717.54 722.44

Less Duties & Taxes

99.99 115.69 128.01 129.45 130.55

756.12 625.64 573.74 647.83 708.23 713.04 717.94

Deduct other items

128.11 100.42 100.42 100.42 100.42 100.42 100.42

Net sales ( item 1 - item 2 )

500.08 421.07 377.83 436.22 484.29 487.67 491.46

% age rise (+) or fall (-) in net

Raw materials (including

212.21 190.63 190.51 206.41 224.27 223.85 226.21

212.21 190.63 190.51 206.41 224.27 223.85 226.21

38.16 -15.80 -10.27

142.55 142.24 125.33 137.99 152.37 152.37 154.12

-53.56 -33.06 -45.70 -37.33 -31.17 -30.59 -29.98

370.00 366.91 333.86 371.84 410.08 409.36 414.52

viii ADD: Opening stocks-inProcess

ix) Deduct : Closing stocks-inprocess

372.18 367.74 327.53 370.82 409.26 409.29 414.45

391.81 386.91 344.82 389.83 430.70 432.72 438.04

372.64 369.61 325.81 368.39 407.27 409.13 414.29

399.64 396.97 348.11 394.13 435.85 437.91 443.29

Operating profit after interest

xiii SUB-TOTAL ( Total cost

1.31 10.50 18.72 22.86 24.50

(a) Interest Income

(ii) Deduct other non-operating expenses

Provision for taxes

Net profit/loss ( 12-13 )

(a) Equity dividend paid-amt

Retained profit ( 14-15 )

Retained profit/Net profit (% age)

AS PER BALANCE SHEET AS AT 31st MARCH

Short-term borrowings from

75.00 85.00 85.00 85.00 85.00

(iii) Of which BP & BD

Short term borrowings from

Sundry Creditors (Trade)

Advance payments from custo

Provision for taxes

Other statutory liabilities

16.79 21.72 25.38 30.42 35.69

Other current liabilities &

27.44 27.44 27.44 27.44 27.44

145.64 102.65 110.88

228.67 181.16 185.88

11 Debentures (not maturing

14 Deferred Payment Credits

15 Term deposits (repayable

16 Other term liabilities

17 TOTAL TERM LIABILITIES

205.21 231.66 205.78

18 TOTAL OUTSIDE LIABILITIES

433.88 412.82 391.66

115.00 115.00 115.00 115.00 115.00 115.00 115.00

3.25 10.35 22.99 38.44 54.99