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Instructions

You need to enter data from P&L Account and


Balance sheet of the company to be analysed, in
the blank rows and columns as indicated.
Three year past data(actual) and one year
projections based on comments made by
directors/your assumptions, inflation etc. have to
be filled into this work sheet as also the rating
worksheet seperately supplied.
All shaded cells have the formulae which should
not be changed for any reason

all financial ratios required by you for completing


the credit application and take appropriate decision
will be available once your data entry is complete.
Your job then is to interprete the financial ratios for
decision on credit limits to be set up
Ensure that your data entry is accurate.
Best of Luck

HCC-FY05 - 01.xls
LAXMI COMMERCIAL BANK LTD

WHEELS INDIA Ltd.

PROFIT AND LOSS ACCOUNT:


SALES:
(I) Domestic Sales
(II) EXPORT SALES
GROSS SALES:

LESS: Excise Duty


ADD: Other Operating Income
NET SALES:
Increase in Net Sales (%)
COST OF SALES:
(I) RAW MATERIALS
A. IMPORTED
B. INDIGENOUS
(II) OTHER SPARES
A. IMPORTED
B. INDIGENOUS
(III) POWER & FUEL
(IV) DIRECT LABOUR
(V) CONTRACT COSTS
(VI) DEPRECIATION

(RS.LAKHS)
31.03.2010
(Audited)

133320.18
133,320

9182.63
124,137.55

90303.9

31.03.2011
(Audited)

31.03.2012
(Estimates)

223509.36

31.03.2013
(Projections)

183,285.36
183,285
13,225
170,060.56
37%

207,754.39
22%

122581.46

148174.79

185409.37

223,509

15754.97

272,681.42
272,681
12,721
259,960.62
25%

4962.62

7041.69

11181.01

14004.80

8367.36
16826.33

10469.98
21054.59

3316.27

4607.58

5046.55

6314.69

0.00

0.00

116132.22
3184.38
4408.53
114,908
86%
614.94
1337.23
114,186
86%

0.00
7573.12
155808.65
4408.53
4389.94
155,827
85%
1337.23
1315.00
155,849
85%

5314.4

5866.88

8794.24

4637.37
3%

8344.21
5%

14539.55
7%

(vii) Octroi and freight


(viii) REPAIRS AND MAINTENANCE

(ix) Other Mfg Expense


SUB TOTAL:
ADD: OPENING STOCK IN PROCESS
DEDUCT: CLOSING STOCK IN PROCESS
COST OF PRODUCTION:
C O P AS % OF GROSS SALES
ADD: OP. STOCK OF FINISHED GOODS
DEDUCT: CL STOCK OF FINISHED GOODS
COST OF SALES:
COST OF SALES AS % OF GROSS SALES
SELLING, GENERAL & ADM EXPENSES:
PROFIT BEFORE INTEREST & TAX (PBIT)
PBIT AS % OFGROSS SALES
INTEREST & OTHER FINANCE CHARGES:
INTT. & FIN. CHARGES AS % OF SALES
OPERATING PROFIT BEFORE TAX (PBT)
PBT AS % OF GR. SALES
ADD OTHER NON OPERATIVE INCOME:
(I) INTEREST & DIVIDEND RECD
(II) OTHER
(III) Profit on sale of Investment/Asset
(IV) Export Incentives

(V) Prov Written Back


SUB-TOTAL (INCOME)
DEDUCT OTHER NON OPERATING EXP.

3776.68

5362.3

7029.62

3%
860.69
1%

3%
2981.91
2%

3%
7509.93
3%

0.00
9932.06
233180.69
5746.36
7190.35
231736.69
85%
1890.48
2365.54
231261.64
85%
11004.13
17694.85
6%
8796.08
3%
8898.77
3%

60
521.21
5.58
575.82
0.00
1162.61

77
199.13
0.00
0.00
0.00
275.80

118
110.88
0.00
0.00
0.00
228.92

138.74
0.00
0.00
0.00
138.74

0.00

0.00

0.00

6368.42

(I) PREL. EXP. W/OFF Loans W/o / prov


0.00
(II) PRIOR YEAR ADJ.
(III) OTHER / Provision for Customs/Loss on foreign exchange fluctuations

7937.47
186352.50
4389.94
5746.36
184,996
83%
1315.00
1890.48
184,421
83%

2322.43

(IV) Misc. Exps.


(V) Loss on sale of Investment/Asset
SUB-TOTAL (EXPENSES)
PROFIT BEFORE TAX / LOSS
TAX PAID
PROVISION FOR TAXES
NET PROFIT/LOSS (PAT)
PAT AS % OF GROSS SALES
EQUITY DIVIDEND PAID (I) AMOUNT
(II) RATE
RETAINED PROFIT

0.00
2023.30
0.00
728.00
1295.30
0.97%
9.87

0.00
3257.71
0.00
794.00
2463.71
1.34%
6.41

2322.43
5416.42
1580.00
401.44
3434.98
1.54%
4.44

2479.35
6558.16
2.41%
0.00

1285.43

2457.30

3430.54

6558.16

Dividend -Preference

Seite 2

0.00
9037.51

HCC-FY05 - 01.xls
WHEELS INDIA Ltd.
BALANCE SHEET
LIABILITIES:
CURRENT LIABILITIES:
Short Term borrowings from banks
(including bill purchased/discounted)
(i) from applicant bank (CC / WCDL)
(ii) from other banks
(iii) (of which Bill purchased & disc.)
SUB TOTAL

31.03.2010
(Audited)

31.03.2011
(Audited)

31.03.2012
(Estimates)

31.03.2013
(Projections)

.
36.19

223.26

207.47

0.00
0.00

36.19

223.26

207.47

0.00

23729.26

30323.31

34726.33

43452.65

73.76
444.12

514.11
641.51

874.28
592.17

1093.98
0.00

65.86

433.99

606.70

759.16

1276.07

1169.54

610.27

17229.74

23876.89

29876.87

24923.27
24,959

50418.73
50,642

61845.91
62,053

75182.65
75182.65

26584.08

13741.75

12053.45

12085.41

10817.49

4662.26

5598.44

5630.40

TOTAL TERM LIABILITIES

3872.47
41274.04

4646.47
23050.48

5047.91
22699.80

6316.39
24032.19

Ordinary Share Capital


Share Premium Account
General Reserve
Other Reserves ( Excluding provisions)
Surplus (+) or deficit (-) in P & L Account

986.94
0.00
18521.09
0.02
528.49

986.94
0.00
20121.09
0.02
646.62

986.94
0.00
22421.09
0.02
634.55

986.94
0.00
28979.25
0.05
6558.16

NET WORTH

20036.54

21754.67

24042.60

36524.40

TOTAL LIABILITIES

86270.04

95447.14

108795.78

135739.24

Sundry Creditors (Trade)


Short Term borrowings from others/Commercial
paper
Provision for taxation
Dividend payable

Other Statutory Liabilities( Due within 1 Yr)


Advance payment from Customers /
from dealers

Deposit

Instalments of Term loans / Debs / DPGs /


deposits etc. (due within 1 year) inferred from
change in loan over years or comments about
loan terms
Other Current liab & prov (due within 1
year)
MOBILISATION ADVANCE repayable in 1 year
/ Interest & accrued expenses

SUB TOTAL
TOTAL CURRENT LIABILITIES
TERM LIABILITIES
WCDL-I

Pref. Shares (redeemable after 1 Yr)


Term Loans( Excl instal. payable within 1 yr)
Hire Purchase Loan
Creditors for Capital Goods
Unsecured loans

Mobilisation Advance (Repayable after 1 year)


Others
Debentures

Deffered Tax Liability

Current Portion of long term debt


Off Balance Sheet Debt

Seite 3

HCC-FY05 - 01.xls
WHEELS INDIA Ltd.
BALANCE SHEET
ASSETS:

31.03.2010
(Audited)

31.03.2011
(Audited)

31.03.2012
(Estimates)

31.03.2013
(Projections)

CURRENT ASSETS
Cash and Bank Balances
INVESTMENTS (Other than Long Term)
(i) Govt. & other securities
(ii) Fixed deposits with banks
RECEIVABLES
RECEIVABLES other than deferred & exports
(Incl. bills purchased & discounted by banks)

264.19

120.08

121.35

151.84

5488.00

2912.00

2998.73

3752.28

19645.78

22242.70

29318.16

36685.47

8642.90

13328.22

14757.36

18465.71

4408.53
1337.23
2752.75

4389.94
1315.00
3239.04

5748.00
1890.48
3765.96

7192.40
2365.54
4712.30

0.00
4.61

0.00
1113.64

0.00
1847.61

0.00

42539.38

48660.62

60447.65

73325.54

759.14
6034.99
32594.77
1040.13
4.01
2190.25

751.76
6557.89
33084.00
497.36
364.80
1694.73

756.22
6727.61
32484.79
467.22
447.28
3117.46

42623.29

42950.54

44000.58

756.22
6727.61
52973.77
467.22
447.28
3117.46
6314.69
55057.41

1107.36

3836.59

4347.45

1107.36

3836.59

4347.45

0.00

0.00
86270.03

0.00
95447.75

0.00
108795.68

0.00
128382.95

0.01

-0.61

0.10

7356.29

Export Receivables (incl. bills purchased &


discounted by banks
(* RETENTION MONEY / SEC.DEPOST )
INVENTORY
Raw Material - Indigenous
Raw Material - Imported
Stock in process
Finished Goods
Other Consumable spares - Indigenous
Other Consumable spares- Imported
Advances to suppliers of Raw Materials
Advance payment of tax
Other Current Assets:
(i) Prepaid Expenses
(ii) DEPOSITS
(iii) Others
(iv) Advances recoverable in cash /kind
(v) STOCK AT SITE - PROJ.BASED FUNDING
TOTAL CURRENT ASSETS
FIXED ASSETS
(I) Land
(ii) Building
(iii) Plant & Machinery

(iv) Furnitures & Fixtures


(v) Other Fixed Assets
(vi) Capital Works in progress
Less Revaluation Reserve
NET BLOCK
OTHER NON CURRENT ASSETS
(I) Investments in Subsidiary companies/
affiliates
(ii) Other Investments
(iii) Advances to suppliers of capital goods
. and contractors
(iv) Deferred receivables(maturity exceeding
. 1 year)
(v) Margin money kept with banks.
(vi) Debtors > 6 months
(vii) Loan due from Staff
(viii) Retention money
(ix) Other Non current assets incl. dues from
. directors
TOTAL OTHER NON CURRENT ASSETS

INTANGIBLE ASSETS (Patents, goodwill,


prilim. expenses, bad/doubtfull expenses not
provided for)
TOTAL ASSETS

* Total Receivables includes Retention money and


SD/RMD

Total Liabilities - Total Assets

Seite 4

HCC-FY05 - 01.xls
BUILD UP OF CURRENT ASSETS

Raw Material - Indigenous AMOUNT


MONTH'S CONSUMPTION

Raw Material - Imported AMOUNT


MONTH'S CONSUMPTION

Consumable spares indigenousAMOUNT


MONTH'S CONSUMPTION

Consumable spares- Imported AMOUNT


MONTH'S CONSUMPTION

Stock in process - AMOUNT


MONTH'S COST OF PRODUCTION

Finished Goods - AMOUNT


MONTH'S COST OF SALES

31.03.2010
31.03.2011
31.03.2012
31.03.2013
(Audited)
(Audited)
(Estimates)
(Projections)
8,643
13,328
14,757
18,466
1.15
1.30
1.20
1.20
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
2,753
3,239
3,766
4,712
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
4,409
4,390
5,748
7,192
0.46
0.34
0.37
0.37
1,337
1,315
1,890
2,366
0
0
0
0

Receivables (Domestic) other than exports & deferred


(incl. Bills purchased & discounted by Banks) AMOUNT

MONTH'S DOMESTIC SALES

19,646
1.77

22,243
1.46

29,318
1.57

36,685
1.61

23,729
3.15

30,323
2.97

34,726
2.81

43,453
2.81

EXPORT RECV.(Incl. bills purchased &


MONTH'S EXPORT SALES
BUILD UP OF CURRENT LIABILITY
( OTHER THAN BANK BORROWINGS FOR
WORKING CAPITAL)

Creditors for Purchases -AMOUNT


MONTH'S PURCHASES

CALCULATION OF MAXIMUM PERMISSIBLE BANK


SECOND METHOD OF LENDING

31.03.2010
(Audited)
1. TOTAL CURRENT ASSETS
42,539
24,923
2. OTHER CURRENT LIABILITIES (Other
3. WORKING CAPITAL GAP
17,616
4. MIN. STIPULATED NET WORKING
10,635
CAPITAL
( 25%
of TOTAL CURRENT
ASSETS
5. ACTUAL
/ PROJECTED
NWC
17,580
6. ITEM 3 MINUS ITEM 4
6,981
7. ITEM 3 MINUS ITEM 5
36
8. MAX. PERMISSIBLE BANK FINANCE (
36
lower
6 or 7borrowings
)
0
9. of
Excess
representing Shortfall in
NWC

Seite 5

31.03.2011
31.03.2012
31.03.2013
(Audited)
(Estimates)
(Projections)
48,661
60,448
73,326
50,419
61,846
75,183
(1,758)
(1,398)
(1,857)
12,165
15,112
18,331
(1,981)
(1,606)
(1,857)
(13,923)
(16,510)
(20,188)
223
207
(13,923)
(16,510)
(20,188)
14,147
16,718
20,188

HCC-FY05 - 01.xls
STATEMENT OF FINANCIAL CONDITION

TOTAL ASSETS (TANGIBLE)


TOTAL OUTSIDE LIABILITIES
TANGIBLE NETWORTH
NET SALES
PBDIT
OPERATING PROFITS (PBIT)
NET PROFITS
GROSS CASH ACCRUALS
NET WORKING CAPITAL

31.03.2010
(Audited)
86,270
66,234
20,037
124,138
7,954
4,637
1,295
4,612
17,580

CURRENT RATIO
QUICK RATIO
PBDIT/SALES (%)
PBIT / NET SALES (%)
PBT / NET SALES (%)
NET PROFIT / SALES (%)
RETURN ON ASSETS (%)
RETAINED PROFITS / NET PROFITS (%)
RETURN ON NET WORTH(%)
RECV. TURNOVER -DOMESTIC
RECV. TURNOVER -EXPORT
INVENTORY TURNOVER
ACCOUNTS PAYABLES TURNOVER
FIXED ASSETS TURNOVER RATIO

95,448
73,692
21,755
170,061
12,952
8,344
2,464
7,071
(1,981)

1.70
1.02
6%
4%
2%
1%
2%
99%
6%
53.79
#DIV/0!
46.93
95.91

NET SALES GROWTH (%)


NET PROFIT GROWTH (%)
NET WORTH GROWTH (%)
TOL / TANG. NET WORTH
INTEREST COVER

31.03.2011
(Audited)

Seite 6

108,796
84,753
24,043
207,754
19,586
14,540
3,435
8,482
(1,606)

0.96
0.52
8%
5%
2%
1%
3%
100%
11%

31.03.2013
(Projections)
128,383
99,215
36,524
259,961
24,010
17,695
6,558
12,873
(1,857)

0.97
0.55
9%
7%
3%
2%
3%
100%
14%

0.98
0.54
9%
7%
3%
3%
5%
100%
18%

44.29

47.88

49.11

44.35
90.29
4.16

42.72
85.54
5.06

43.82
85.54
5.60

37%
90%
9%
3.306
2.11

31.03.2012
(Estimates)

3.387
2.42

22%
39%
11%
3.525
2.79

25%
91%
52%
2.716
2.73

HCC-FY05 - 01.xls
FUNDS FLOW STATEMENT

31.03.2010
(Audited)

PROFIT AFTER TAX


DEPRECIATION
DIVIDENDS
FUNDS FROM OPERATIONS
LONG TERM SOURCES:
CHANGE IN CAPITAL
NET CHANGE IN RESERVE
CHANGE IN TERM LOANS
TOTAL [SOURCE(+) / DEFICIT(-)]
LONG TERM USES:
NET CHANGE IN FIXED ASSETS
CHANGE IN OTHER NON CURRENT
. CHANGE
ASSETS (INCLUDING
INVESTMENTS)
IN INVESTMENTS
IN GROUP COS.
CHANGE IN INTANGIBLES
CONTRIBUTION TO WORKING CAPITAL
SHORT TERM USES
CHANGE IN NET WORKING ASSETS
CHANGE IN OTHER CURRENT ASSETS
SHORT TERM SOURCES
CHANGE IN OTHER CURRENT LIABILITIES
CHANGE IN BANK BORROWINGS / LOANS
NET DEFICIT / SURPLUS IN S T SOURCES
NET MOVEMENT IN LIQUID ASSETS
CHANGE IN CASH
CHANGE IN MARKETABLE INVESTMENTS
NET MOVEMENT IN LIQUID ASSETS
CASH FLOW STATEMENT
OPERATING SECTOR
SALES
DEBTORS (TRADE)
CASH FROM SALES

31.03.2010

31.03.2012
(Estimates)
3,435
5,047
4
8,477

31.03.2013
(Projections)
6,558
6,315
12,873

(739)
(18,224)
(11,898)

(1,143)
(351)
6,984

5,924
1,332
20,129

4,935
2,729
(19,562)

6,097
511
376

17,372
(4,347)
7,105

7,728
-

10,965
-

13,941
-

25,495
187
17,955

11,427
(16)
446

13,337
(207)
(812)

(1,607)
(144)
(2,576)
(2,720)
31.03.2011

823
1
87
88
31.03.2012

6,293
30
754
784
31.03.2013

170,061
2,597
167,464
5,362
122,581
(6,594)
21,046
142,396
5,172
19,896
5,867
794
6
13,229
(17,625)
(276)
31,130

207,754
7,075
200,679
7,030
148,175
(4,403)
25,194
175,995
1,956
22,728
8,794
1,981
4
11,948
(7,131)
2,094
16,985

259,961
7,367
252,593
8,796
185,409
(8,726)
31,525
217,004
4,655
30,935
11,004
2,479
17,451
(5,780)
(139)
23,370

[Inc.(+)/Dec.(-)]
[Inc.(+)/Dec.(-)]
[Inc.(+)/Dec.(-)]

4,935
2,729
23,466

6,097
511
10,377

17,372
(4,347)
10,346

[Inc.(+)/Dec.(-)]
[Inc.(+)/Dec.(-)]
[Inc.(+)/Dec.(-)]
[Inc.(+)/Dec.(-)]
[Inc.(+)/Dec.(-)]

187
(18,224)
(739)
(18,776)
4,690
(144)
(2,576)
(2,720)

(16)
(351)
(1,143)
(1,509)
8,868
1
87
88

(207)
1,332
5,924
7,049
17,395
30
754
784

[Inc.(+)/Dec.(-)]

COSTS- INTEREST & FINANCE CHARGES


EXPENSES ON STOCKS PURCHASES
TRADE CREDITORS
MANUFACTURING EXPENSES
CASH COST OF SALES
EXPENSES FOR INC. / DEC. IN STOCKS
CASH FROM ASSET CONVERSION CYCLE
SELLING, GEN. & ADM. EXPENSES
ADVANCE PAYMENTS
ADVANCES RECEIVED
TAXATION
DIVIDENDS
CASH FROM OPERATIONS
OTHER CURRENT ASSETS
OTHER CURRENT LIABILITIES
OTHER INCOME/EXPENSES (NET)
NET CASH FROM OPERATIONS
INVESTMENT SECTOR
CAPITAL EXPENDITURE
INVESTMENT IN GROUP COMP'S
INTANG,/OTHER TERM ASSETS
CASH BEFORE FUNDING
FINANCING SECTOR
DUES TO BANKS
SHORT TERM DEBTS
TERM DEBTS
EQUITY
OTHER LOANS & RESERVES
TOTAL
MOVEMENT IN CASH ASSETS
CASH & BANK BALANCE
INVESTMENTS(OTHER THAN LONG TERM)
MOVEMENTS IN CASH ASSETS

31.03.2011
(Audited)
2,464
4,608
6
7,065

[Inc.(-)/Dec.(+)]

[Inc.(+)/Dec.(-)]
[Inc.(-)/Dec.(+)]

[Inc.(+)/Dec.(-)]
[Inc.(-)/Dec.(+)]

[Inc.(+)/Dec.(-)]
[Inc.(+)/Dec.(-)]

Seite 7

HCC-FY05 - 01.xls
Performance/Financial Indicators
Period ended
Net Sales
Other Income
PBDIT
PAT
Cash Profit
Paid Up Capital
Tangible Net Worth
Net Working Capital

Net Cash From Opns


Contingent Liability (Normal)
Contingent Liability (Disputed)
Contingent Liability (Others)
PBDIT as a % of Sales
NP as a % of Sales
CP as % of Sales
TOL/TNW
(TOL + Contingent Liability)/ TNW
Current Ratio
Interest Coverage

Bank Borrowing for WCap

31.03.2010
(Audited)
124,138
1,163
7,954
1,295
4,612
987
20,037
17,580
215.00
6.41%
1.04%
3.71%
3.31
3.32
1.70
2.11
36

Imports
Exports

Forex loans
Total Debt
EBITDA
Total Debt / EBITDA

41,310
9,116
4.53

Seite 8

31.03.2011
31.03.2012
31.03.2013
(Audited)
(Estimates)
(Projections)
170,061
207,754
259,961
276
229
139
12,952
19,586
24,010
2,464
3,435
6,558
7,071
8,482
12,873
987
987
987
21,755
24,043
36,524
(1,981)
(1,606)
(1,857)
31,130
16,985
23,370
28.00
21.00
21
7.62%
9.43%
9.24%
1.45%
1.65%
2.52%
4.16%
4.08%
4.95%
3.39
3.53
2.716
3.39
3.53
2.72
0.96
0.97
0.98
2.42
2.79
2.73
223
207
23,274
22,907
24,032
13,228
17,493
24,148
1.76
1.31
1.00