You are on page 1of 15

ICICI Bank Limited

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS


FORM II - OPERATING STATEMENT
Name : RITIKA SYSTEMS PRIVATE LIMITED

Year
Number of months

Audited
2011
12

Audited
2012
12

Provisionals Projected
2013
2014
12
12

Projected
2015
12

Sales
i.

Domestic Sales

3259.9

3753.4

4600.0

5060.0

5566.0

ii.

Export Sales

0.0

0.0

0.0

0.0

0.0

3259.9

3753.4

4600.0

5060.0

5566.0

9.7

4.3

4.9

6.0

6.6

3250.2
N/A

3749.1
15.3%

4595.1
22.6%

5054.0
10.0%

5559.4
10.0%

2941.4

3396.3

4204.2

4624.1

5086.5

0.0

0.0

0.0

0.0

0.0

2941.4

3396.3

4204.2

4624.1

5086.5

Other Spares

0.0

0.0

0.0

0.0

0.0

a.

Imported

0.0

0.0

0.0

0.0

0.0

b.

Indigenous

0.0

0.0

0.0

0.0

0.0

Gross Sales
Less : Excise Duty
Net Sales
% age rise (+) or fall (-) in net sales
Cost of Sales
i.

ii.

Raw materials
a.

Imported

b.

Indigenous

iii.

Depreciation

12.2

14.1

14.1

14.1

14.1

iv.

Other Manufacturing Exp

43.2

24.6

30.2

33.2

36.5

Sub-total

2996.8

3434.9

4248.4

4671.3

5137.0

vi.

Add: Opening Stock-in-process

23.6

25.6

6.1

7.5

8.2

vii

Sub-total

3020.4

3460.5

4254.5

4678.8

5145.3

viii

Deduct: Closing Stock-in-process

25.6

6.1

7.5

8.2

9.1

ix

Cost of Production

2994.7

3454.4

4247.1

4670.6

5136.2

Add: Opening Stock of finished goods

0.0

0.0

0.0

0.0

0.0

xi

Sub-total

2994.7

3454.4

4247.1

4670.6

5136.2

xii

Deduct: Closing Stock of finished goods

0.0

0.0

0.0

0.0

0.0

Sub-total(Total Cost of Sales)

2994.7

3454.4

4247.1

4670.6

5136.2

Selling, general and administrative expenses

169.1

185.8

227.8

250.5

275.6

3163.8

3640.3

4474.8

4921.1

5411.8

86.4

108.9

120.3

132.9

147.6

Interest

3.5

3.3

6.7

18.4

18.8

Interest on Fixed Loans / Term loans

0.0

0.0

0.0

0.0

0.0

Other Int

3.5

3.3

6.7

18.4

18.8

Operating Profit after Interest

82.9

105.6

113.6

114.5

128.8

i.

Add: Other non-operating Income

18.9

23.0

28.2

31.0

34.1

ii.

Deduct: Other non-operating expenses

0.0

0.0

0.0

0.0

0.0

iii.

Net of other non-operating income / expenses

18.9

23.0

28.2

31.0

34.1

101.8

128.6

141.8

145.5

162.9

Sub-total
Operating Profit before Interest

Profit before tax/loss


17/01/2013

CMA DATA OP INPUT NIRC (Form_II)

Page 1

ICICI Bank Limited


Provision for taxes

32.3

42.5

43.9

45.1

50.5

Income Tax provision

32.3

42.5

43.9

45.1

50.5

Deferred Tax Liability

0.0

0.0

0.0

0.0

0.0

Deferred Tax Asset

0.0

0.0

0.0

0.0

0.0

69.5

86.1

97.8

100.4

112.4

11.9

39.6

39.6

39.6

39.6

57.6

46.5

58.2

60.8

72.8

82.8%

54.0%

59.5%

60.6%

64.8%

Net Profit / Loss


a.
b.

Equity dividend paid / proposed amount


(Interim Div paid + Final Div proposed)
Dividend Rate (% age)

Retained Profit
Retained Profit / Net Profit (% age)

17/01/2013

CMA DATA OP INPUT NIRC (Form_II)

Page 2

ICICI Bank Limited


FORM III - ANALYSIS OF BALANCE SHEET
LIABILITIES

Name : RITIKA SYSTEMS PRIVATE LIMITED

Year
Number of months

Audited
2011
12

Audited
2012
12

0
Provisionals Projected
2013
2014
12
12

Projected
2015
12

CURRENT LIABILITIES
1 Short-term borrowing from banks
i. From applicant banks

0.0

0.0

100.0

100.0

100.0

ii. From other banks

0.0

0.0

0.0

0.0

0.0

iii. (of which BP & BD)

0.0

0.0

0.0

0.0

0.0

Sub-total[i + ii] (A)

0.0

0.0

100.0

100.0

100.0

0.0

0.0

0.0

0.0

0.0

288.3

397.2

724.6

766.9

809.6

28.6

18.1

11.1

12.2

13.4

5 Provision for Taxation

0.0

0.0

0.0

0.0

0.0

6 Dividend payable

0.0

0.0

0.0

0.0

0.0

7 Other statutory liabilities (due within 1 year)

5.9

3.9

4.8

5.3

5.8

Instalments of term loans / debentures etc. (due within


8 1 year)

0.0

0.0

0.0

0.0

0.0

-0.2

9.0

11.1

12.2

13.4

a. Interest Accrued but not due

0.0

0.0

0.0

0.0

0.0

b. Interest Accrued and due

0.0

0.0

0.0

0.0

0.0

c. Creditors for Expenses

0.0

0.0

0.0

0.0

0.0

d. Other current liabilities

-0.2

9.0

11.1

12.2

13.4

322.5

428.3

751.5

796.6

842.2

322.5

428.3

851.5

896.6

942.2

11 Debentures (not maturing within 1 year)

0.0

0.0

0.0

0.0

0.0

12 Preference Shares (redeemable after 1 year)

0.0

0.0

0.0

0.0

0.0

13 Term loans

0.0

0.0

0.0

0.0

0.0

14 Defferd Tax Liability

0.0

0.0

0.0

0.0

0.0

15 Other term liabilities

0.0

0.0

0.0

0.0

0.0

16 Total Term Liabilities[11 to 15]

0.0

0.0

0.0

0.0

0.0

322.5

428.3

851.5

896.6

942.2

34.1

34.1

34.1

34.1

34.1

0.0

0.0

0.0

0.0

0.0

45.0

53.6

398.8

398.8

398.8

411.5

449.3

162.3

223.1

295.8

0.0

0.0

0.0

0.0

0.0

2 Short term borrowings from others


3 Sundry Creditors for goods
4 Advance received from customers

9 Other current liabilities & provisions

Sub total [2 to 9] (B)


10 Total current liabilities[A + B]
TERM LIABILITIES

17 Total Outside Liabilities[10 + 16]

NET WORTH
18 Ordinary Share Capital
19 Share Application Money
20 General Reserve
21 Balnce in profit and loss a/c
22 Share Premium
17/01/2013

CMA DATA OP INPUT NIRC (Form_III)

Page 3

ICICI Bank Limited


23 Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

24 Other Reserves

0.0

0.0

0.0

0.0

0.0

25 Quasi Equity

0.0

0.0

0.0

0.0

0.0

490.5

537.0

595.2

656.0

728.8

813.0

965.2

1446.7

1552.6

1671.0

26 Net Worth
TOTAL LIABILITIES[17 + 26]

FORM III - ANALYSIS OF BALANCE SHEET


LIABILITIES

Year
Number of months

6
7
8
9

10

Audited
2011
12

Audited
2012
12

CURRENT ASSETS
Cash and Bank Balance
181.7
i. Cash Balance
0.5
ii. Bank Balance
181.2
Investments (other than long term)
136.4
i. Govt. and other trustee securities
0.0
ii. Fixed Deposits with banks
136.4
Sundry Debtors
68.9
i. Domestic Receivables ( including bills purchased and discounted)
68.9
ii. Export Receivables ( including bills purchased and discounted)
0.0
Inventories
168.2
i. Raw Material
142.6
a.
Imported
0.0
b.
Indigenous
142.6
ii. Stocks-in-process
25.6
iii. Finished Goods
0.0
iv. Stores and Spares
0.0
a.
Imported
0.0
b.
Indigenous
0.0
Advances recoverable in cash or in kind
1.7
Advances to suppliers of raw materials
0.0
Advance Income Tax
0.8
30.0
Other current assets (specify major items)
a. Prepaid Expenses
2.3
b. Other Advances / current asset
27.7
Total Current Assets (1 to 10)
587.7

Provisionals Projected
2013
2014
12
12

Projected
2015
12

109.6
0.3
109.2
50.7
0.0
50.7
291.2
291.2
0.0
183.1
177.0
0.0
177.0
6.1
0.0
0.0
0.0
0.0
2.2
0.0
0.2
70.0
2.9
67.1
707.0

34.3
0.4
33.9
37.2
0.0
37.2
668.9
668.9
0.0
332.8
325.3
0.0
325.3
7.5
0.0
0.0
0.0
0.0
2.7
0.0
0.3
55.8
3.6
52.2
1131.9

37.7
0.4
37.3
40.9
0.0
40.9
735.7
735.7
0.0
366.1
357.8
0.0
357.8
8.2
0.0
0.0
0.0
0.0
3.0
0.0
0.3
61.3
3.9
57.4
1245.0

41.5
0.5
41.0
45.0
0.0
45.0
809.3
809.3
0.0
402.7
393.6
0.0
393.6
9.1
0.0
0.0
0.0
0.0
3.3
0.0
0.3
67.5
4.3
63.1
1369.5

FIXED ASSETS
11 Gross Block
12 Add : Capital Work in Progress
13 Total
14..Less Accumulated Depreciation
Net Block (13-14)

159.5
0.0
159.5
74.1
85.3

166.9
90.6
257.5
88.2
169.3

166.9
178.6
345.5
102.3
243.2

166.9
178.6
345.5
116.3
229.2

166.9
178.6
345.5
130.4
215.1

OTHER NON-CURRENT ASSETS


15 Exposure in group companies
a. Investments
b. Advances
16 Debtors more than six months
17 Investments
18 Fixed Deposits ( Non Current )
19 Others
a. Dues from directors / partners / promoters
b. Advances to suppliers of capital goods
c. Security deposits with government departments

0.0
0.0
0.0
137.5
0.0
0.0
2.4
0.0
0.0
2.4

0.0
0.0
0.0
51.5
34.0
0.0
2.4
0.0
0.0
2.4

0.0
0.0
0.0
63.1
5.0
0.0
3.0
0.0
0.0
3.0

0.0
0.0
0.0
69.4
5.0
0.0
3.3
0.0
0.0
3.3

0.0
0.0
0.0
76.4
5.0
0.0
3.6
0.0
0.0
3.6

17/01/2013

CMA DATA OP INPUT NIRC (Form_III)

Page 4

ICICI Bank Limited


d. Other non current assets
20 Total Other Non-current Assets(15 to 19)

0.0
140.0

0.0
88.0

0.0
71.1

0.0
77.7

0.0
85.0

21 Intangible Assets
22 Total Assets (10+14+20+21)

0.2
813.1

0.8
965.0

1.0
1447.3

1.1
1553.0

1.2
1670.8

490.4
265.2
1.8
0.7

536.2
278.7
1.7
0.8

594.2
280.4
1.3
1.4

654.9
348.4
1.4
1.4

727.5
427.2
1.5
1.3

0.0
0.0
0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0
0.0
0.0

-0.1

0.2

-0.5

-0.4

0.2

Tangible Net Worth


Net Working Capital
Current Ratio
TOL / TNW
Total Term Liabilities / TNW
ADDITIONAL INFORMATION
Contingent Liabilities:
i. Arrears of cumulative dividends
ii. Gratuity liability not provided for
iii. Disputed excise / customs / tax liabilities
iv. Letter of credit outstanding
v. Other contingent liabilities
vi. Performance guarantees
vii.Financial Guarantees

Check for Errors

17/01/2013

CMA DATA OP INPUT NIRC (Form_III)

Page 5

ICICI Bank Limited


FORM IV
COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
Name : RITIKA SYSTEMS PRIVATE LIMITED

Year
Number of months

A. CURRENT ASSETS
1. Raw Material
a. Imported
Month's Consumption
b. Indigenous
Month's Consumption
2. Stores and Spares
a. Imported
Month's Consumption
b. Indigenous
Month's Consumption
3. Stocks-in-process
Month's cost of production
4. Finished Goods
Month's cost of sales
Domestic Receivables ( including bills purchased
5. and discounted)
Month's domestic sales
Export Receivables ( including bills purchased and
6. discounted)
Month's export sales
7. Advances recoverable in cash or in kind
8. Advances to suppliers of raw materials
9. Other current assets incl. cash & bank balances
i.
Cash Balance
ii.
Bank Balance
Investments (other than long term)
i.
Govt. and other trustee securities
ii.
Fixed Deposits with banks
Advance Income Tax
Other current assets (specify major items)
Total Current Assets

Audited
2011
12

Audited Provisionals Projected Projected


2012
2013
2014
2015
12
12
12
12

0.0

0.0

0.0

0.0

0.0

142.6
0.6

177.0
0.6

325.3
0.9

357.8
0.9

393.6
0.9

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

25.6
0.1
0.0

6.1
0.0
0.0

7.5
0.0
0.0

8.2
0.0
0.0

9.1
0.0
0.0

68.9
0.3

291.2
0.9

668.9
1.7

735.7
1.7

809.3
1.7

0.0

0.0

0.0

0.0

0.0

1.7
0.0
348.9
0.5
181.2

2.2
0.0
230.5
0.3
109.2

2.7
0.0
127.5
0.4
33.9

3.0
0.0
140.2
0.4
37.3

3.3
0.0
154.2
0.5
41.0

0.0
136.4
0.8
30.0
587.7

0.0
50.7
0.2
70.0
707.0

0.0
37.2
0.3
55.8
1131.9

0.0
40.9
0.3
61.3
1245.0

0.0
45.0
0.3
67.5
1369.5

FORM IV
COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

Year
Number of months

B. CURRENT LIABILITIES
(Other than bank borrowings for working capital)
10. Sundry Creditors for goods
Month's purchases

Audited
2011
12

Audited Provisionals Projected Projected


2012
2013
2014
2015
12
12
12
12

288.3

397.2
1.39

724.6
2.00

766.9
1.98

809.6
1.90

Advance received from customers


Provision for Taxation
Dividend payable
Other statutory liabilities (due within 1 year)

28.6
0.0
0.0
5.9

18.1
0.0
0.0
3.9

11.1
0.0
0.0
4.8

12.2
0.0
0.0
5.3

13.4
0.0
0.0
5.8

Instalments of term loans / debentures etc. (due


15. within 1 year)
16 Short term borrowings from others

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

-0.2
0.0
0.0
0.0
-0.2
322.5

9.0
0.0
0.0
0.0
9.0
428.3

11.1
0.0
0.0
0.0
11.1
751.5

12.2
0.0
0.0
0.0
12.2
796.6

13.4
0.0
0.0
0.0
13.4
842.2

11.
12.
13
14.

17 Other current liabilities & provisions


a. Interest Accrued but not due
b
Interest Accrued and due
c
Creditors for Expenses
d
Other current liabilities
18. Total Current Liabilities

17/01/2013

CMA DATA OP INPUT NIRC (Form_IV)

Page 6

I C I C I Bank Limited
FORM V
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
Name :

RITIKA SYSTEMS PRIVATE LIMITED

First Method of Lending


Year
Number of months

1. Total Current Assets (Form-IV-10)


Other Current Liabilities (other than bank
2. borrowings (Form-IV-18)
3. Working Capital Gap (WCG) (1-2)

Audited
2011
12
587.7

Audited Provisionals Projected


Projected
2012
2013
2014
2015
12
12
12
12
707.0
1131.9
1245.0
1369.5

322.5
265.2

428.3
278.7

751.5
380.4

796.6
448.4

842.2
527.2

66.3

69.7

95.1

112.1

131.8

265.2
198.9
0.0

278.7
209.0
0.0

280.4
285.3
100.0

348.4
336.3
100.0

427.2
395.4
100.0

0.0

0.0

100.0

100.0

100.0

1. Total Current Assets (Form-IV-10)

2011
587.7

2012
707.0

2013
1131.9

2014
1245.0

2015
1369.5

Other Current Liabilities (other than bank


2. borrowings (Form-IV-18)
3. Working Capital Gap (WCG) (1-2)

322.5
265.2

428.3
278.7

751.5
380.4

796.6
448.4

842.2
527.2

146.9
265.2
118.3
0.0

176.7
278.7
102.0
0.0

283.0
280.4
97.4
100.0

311.2
348.4
137.1
100.0

342.4
427.2
184.9
100.0

0.0

0.0

97.4

100.0

100.0

5053.99
1263.50
252.70
280.40
1010.80
983.10
983.10
-27.70

5559.39
1389.85
277.97
348.38
1111.88
1041.47
1041.47
-70.41

Min. stipulated net working capital (25% of WCG


4. excluding export receivables)
5. Actual / Projected net working capital
6. Item-3 minus Item-4
7. Item-3 minus Item-5
Max. permissible bank finance (item-6 or 7,
8. whichever is lower)
Excess borrowings representing shortfall in NWC
9. (4 - 5)
Second Method of Lending

Min. stipulated net working capital ( 25% of total


Current Assets excluding export receivables)
Actual / Projected net working capital
Item-3 minus Item-4
Item-3 minus Item-5
Max. permissible bank finance (item-6 or 7,
8. whichever is lower)
Excess borrowings representing shortfall in NWC
9 (4 - 5)
4.
5.
6.
7.

A
B
C
D
E
F
G
H

Sales Turnover
25% of sales Turnover
5% of Sales Turnover projected as margin
Actual NWC existing as per Last Financial
Statement
BC
BD
MPBF (E or F whichever is less)
Additional margin to be brought in (C-D)

17/01/2013

CMA DATA OP INPUT NIRC (Form_V)

2.6

4595.10
1148.78
229.76
278.70
919.02
870.08
870.08
-48.95

Page 7

ICICI Banking Corporation Ltd.


FORM VI
FUNDS FLOW STATEMENT
Name : RITIKA SYSTEMS PRIVATE LIMITED

Year
Number of months

Audited
2012
12

Provisionals
2013
12

Projected
2014
12

Projected
2015
12

1. SOURCES
a.

Net Profit

86.1

97.8

100.4

112.4

b.

Depreciation

14.1

14.1

14.1

14.1

c.

Increase in Capital

0.0

0.0

0.0

0.0

d.

Increase in Term Liabilities

0.0

0.0

0.0

0.0

e.

Decrease in

51.4

16.6

151.5

128.5

114.5

126.5

98.0

88.0

0.0

0.0

6.7

7.4

i.

Fixed Assets

ii.

Other non-current Assets

f.

Others

g.

TOTAL

2. USES
a.

Net loss

b.

Decrease in Term Liabilities

c.

Increase in
i.

Fixed Assets

ii.

Other non-current Assets

d.

Dividend Payments

39.6

39.6

39.6

39.6

e.

Others

39.6

39.6

39.6

39.6

f.

TOTAL

177.2

167.2

85.9

86.6

3. Long Term Surplus (+) / Deficit (-) [1-2]

-25.7

-38.7

28.5

39.8

4. Increase/decrease in current assets


* (as per details given below)

119.3

425.0

113.0

124.5

Increase/decrease in current liabilities other than


5. bank borrowings

105.8

323.3

45.1

45.7

13.5

101.7

68.0

78.8

-39.2

-140.4

-39.4

-39.0

0.0

100.0

0.0

0.0

498.9

846.0

458.9

505.4

34.4

148.4

32.5

35.8

-19.5

1.4

0.7

0.8

0.0

0.0

0.0 Page 8

6. Increase/decrease in working capital gap


7. Net Surplus / Deficit (-) [3-6]
8. Increase/decrease in bank borrowings
9. Increase/decrease in NET SALES

* Break up of item-4
i. Increase/decrease in Raw Materials
ii. Increase/decrease in Stocks-in-Process
iii.
17/01/2013

Increase/decrease in Finished Goods


0.0
CMA DATA OP INPUT NIRC (Form_VI)

ICICI Banking Corporation Ltd.


iv. Increase/decrease in Receivables
a)

Domestic

b)

Export

v. Increase/decrease in Stores & Spares


vi. Increase/decrease in other current assets
TOTAL

17/01/2013

222.3

377.7

66.8

73.6

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

-117.9

-102.5

13.0

14.3

119.3

425.0

113.0

124.5

CMA DATA OP INPUT NIRC (Form_VI)

Page 9

ICICI Bank Limited


KEY FINANCIAL INDICATORS
Name : RITIKA SYSTEMS PRIVATE LIMITED

Sr. No.

Parameters
Number of months

Total Operating Income(TOI)

EBIDTA

E B I D T A/ TOI (%)

Interest

Depreciation

6
7
8

PBT

Audited
2011
12

Audited Provisionals Projected Projected


2012
2013
2014
2015
12
12
12
12

3250.2

3749.1

4595.1

5054.0

5559.4

98.6

122.9

134.3

147.0

161.7

3.0%

3.3%

2.9%

2.9%

2.9%

3.5

3.3

6.7

18.4

18.8

12.2

14.1

14.1

14.1

14.1

Operating Profit after Dep.& Int.

82.9

105.6

113.6

114.5

128.8

Non Operating Income/Exps.

18.9

23.0

28.2

31.0

34.1

101.8

128.6

141.8

145.5

162.9
112.4

PAT

10

PAT/ TOI (%)

11

Net Cash Accruals (NCA)

12

Net Fixed Assets

13

Tangible Networth (TNW)

14

Exposure in Group Co./Sub.

69.5

86.1

97.8

100.4

2.1%

2.3%

2.1%

2.0%

2.0%

81.7

100.2

111.9

114.5

126.5

85.3

169.3

243.2

229.2

215.1

490.4

536.2

594.2

654.9

727.5

--- Investments

0.0

0.0

0.0

0.0

0.0

--- Loans and Advances

0.0

0.0

0.0

0.0

0.0

490.4

536.2

594.2

654.9

727.5
0.0

15

Adjusted T N W (ATNW)

16

Long Term Debt (LTD)

0.0

0.0

0.0

0.0

17

Short Term Debt (STD)

0.0

0.0

0.0

0.0

0.0

18

Working Cap. Bank Finance

0.0

0.0

100.0

100.0

100.0

19

Financial guarantees

0.0

0.0

0.0

0.0

0.0

20

Total Debt

0.0

0.0

100.0

100.0

100.0

21

TOL

322.5

428.3

851.5

896.6

942.2

21

Total Debt/ ATNW

0.0

0.0

0.2

0.2

0.1

22

L T D / AT N W

0.0

0.0

0.0

0.0

0.0

23

TOL/TNW

0.7

0.8

1.4

1.4

1.3

24

TOL/ATNW

0.7

0.8

1.4

1.4

1.3

25

Total Current Assets

587.7

707.0

1131.9

1245.0

1369.5

26

Total Current Liabilities

322.5

428.3

851.5

896.6

942.2

27

Net Working Capital

265.2

278.7

280.4

348.4

427.2

28

Current Ratio

1.8

1.7

1.3

1.4

1.5

29

R O C E (%)

24.6%

27.3%

22.4%

20.4%

20.8%

30

Interest Coverage Ratio

19.2

24.7

13.6

5.5

5.9

31

Total Debt/Net Cash Accrual

0.0

0.0

0.9

0.9

0.8

32

Inventory Turnover days

20.2

19.1

28.2

28.2

28.2

33

Debtors Turnover days

22.9

32.9

57.4

57.4

57.4

34

Creditors Turnover days

0.0

35

DSCR (in case of term loan)

41.7
#DIV/0!

59.9
#DIV/0!

59.3
#DIV/0!

56.9
#DIV/0!

Fund Flow Analysis


Financial Year

2012

2013

2014

2015

Long Term Sources

151.5

128.5

114.5

126.5

Long Term uses

177.2

167.2

85.9

86.6

Surplus/Deficit

-25.7

-38.7

28.5

39.8

20.3%

60.1%

10.0%

10.0%

2011

2012

2013

2014

2015

Surplus / Incremental build up of current assets (%)

Pattern of TCA Funding


Year ended / Ending March 31
Sundry Creditors

49.1%

56.2%

64.0%

61.6%

59.1%

Other Current Liabilities

5.8%

4.4%

2.4%

2.4%

2.4%

Bank Borrowings

0.0%

0.0%

8.8%

8.0%

7.3%

Long Term funds

45.1%

39.4%

24.8%

28.0%

31.2%

100.0%

100.0%

100.0%

100.0%

100.0%

Total

17/01/2013

CMA DATA OP INPUT NIRC (Key Finacials)

Page 10

ICICI Bank Limited

17/01/2013

CMA DATA OP INPUT NIRC (Key Finacials)

Page 11

CASH FLOW STATEMENT


RITIKA SYSTEMS PRIVATE LIMITED
Year
2012
Nature of Financials Audited
No of months
12

2013
Provisionals

12

2014
2015
Projected Projected
12
12

Cash Flows from Operating activities


Net profit before taxation

128.6

141.8

145.5

162.9

Adjustment for :
Depreciation
Dividend Received
Interest expenses
Interest Received
Profit / Loss on sale of fixed assets / investments
Extraordinary income / expenses

14.1
0.0
3.3
-22.9
0.0
0.0

14.1
0.0
6.7
-28.1
0.0
0.0

14.1
0.0
18.4
-30.9
0.0
0.0

14.1
0.0
18.8
-34.0
0.0
0.0

Operating profit before working capital changes

123.0

134.4

147.1

161.8

Changes in current assets ( exclud cash and bank balances)

-191.4

-500.2

-109.6

-120.7

Change in Debtors
Change in Stock
Change in other current assets

-222.3
-14.9
45.8

-377.7
-149.8
27.2

-66.8
-33.2
-9.6

-73.6
-36.6
-10.5

Changes in current liabilities( exclud div and debts)

105.8

423.3

45.1

45.7

Change in creditors
Change in bank finance
Change in other current liabilities

108.9
0.0
-3.2

327.4
100.0
-4.1

42.4
0.0
2.7

42.7
0.0
3.0

Cash generated from operations

37.4

57.5

82.5

86.7

Income tax for the current year ( excluding deferred tax)

42.5

43.9

45.1

50.5

Cash from opeartions before extraordinary items


Extraordinary items
Net cash from operating activities ( 1 )

-5.1
0.0
-5.1

13.5
0.0
13.5

37.4
0.0
37.4

36.2
0.0
36.2

Dividend Received
Interest Received
Purchase / Sale of Fixed Assets
Purchase / Sale of Intangible Assets
Change in Non current assets

0.0
22.9
0.0
0.0
52.0

0.0
28.1
0.0
0.0
16.8

0.0
30.9
0.0
0.0
-6.6

0.0
34.0
0.0
0.0
-7.3

Net cash from investing activities ( 2 )

74.9

44.9

24.3

26.7

Interest expenses
Dividend paid
Increase / Decrease in Share Capital
Change in Share Premium
Change in Debentures / Preference Shares
Change in Term Debt
Change in other short / long term debts

-3.3
-39.6
0.0
0.0
0.0
0.0
0.0

-6.7
-39.6
0.0
0.0
0.0
0.0
0.0

-18.4
-39.6
0.0
0.0
0.0
0.0
0.0

-18.8
-39.6
0.0
0.0
0.0
0.0
0.0

Net cash from financing activities ( 3 )

-42.9

-46.3

-58.0

-58.4

Cash Flows from Investing activities

Cash Flows from Financing activities

Net increase in cash / bank balance ( 4 ) = ( 1 ) + ( 2 ) + ( 3 )

26.9

12.1

3.7

4.5

Cash / Bank Balance at the beginning of period ( 5 )


Cash / Bank Balance at the end of period ( 4 ) + ( 5 )

181.7
208.6

109.6
121.7

34.3
38.0

37.7
42.2

Cash / Bank Balance at the end of period ( As per input sheet )

109.6

34.3

37.7

41.5

99.1

87.4

0.3

0.7

Check

Trend Analysis of Components of Cost

Nature of Financials Audited


Year
2011

12

Audited Provisionals Projected Projected


2012
2013
2014
2015
12
12
12
12

Sales growth
Domestic
Exports

15.1
#DIV/0!

22.6
#DIV/0!

10.0
#DIV/0!

10.0
#DIV/0!

15.3%

22.6%

10.0%

10.0%

100.0%

100.0%

100.0%

100.0%

100.0%

90.5%
0.0%
1.3%
-0.1%
0.0%
5.2%
3.0%
0.4%
0.1%
2.6%
0.6%
0.0%
3.1%
1.0%
2.1%

90.6%
0.0%
0.7%
0.5%
0.0%
5.0%
3.3%
0.4%
0.1%
2.8%
0.6%
0.0%
3.4%
1.1%
2.3%

91.5%
0.0%
0.7%
0.0%
0.0%
5.0%
2.9%
0.3%
0.1%
2.5%
0.6%
0.0%
3.1%
1.0%
2.1%

91.5%
0.0%
0.7%
0.0%
0.0%
5.0%
2.9%
0.3%
0.4%
2.3%
0.6%
0.0%
2.9%
0.9%
2.0%

91.5%
0.0%
0.7%
0.0%
0.0%
5.0%
2.9%
0.3%
0.3%
2.3%
0.6%
0.0%
2.9%
0.9%
2.0%

% growth in sales
Sales
RM Consumed
Spares consumed
Other Manufacturing Exp
Change in WIP
Change in Finished goods
Administartive and Selling Exp
EBIDTA
Depreciation
Interest
Operating Profit
Non Operating Income
Non Operating Expenses
PBT
Tax
PAT

Name of the customer :


Financial Year End :

BALANCE SHEET : ASSETS

RITIKA SYSTEMS PRIVATE LIMITED


31st March

2011

2012

Number of months
Cash and Marketable Securities
Debtors
Inventory
Other Current Assets

12
318.0
68.9
168.2
32.5

12
160.3
291.2
183.1
72.4

CURRENT ASSETS

587.7

Net Fixed Assets


Non Current Assets
TOTAL ASSETS

2013
12
71.5
668.9
332.8
58.7

2014

Number of months
Short Term Debts
Creditors
Working Capital Bank Finance
Other Current Liabilities

2012

2013

2014

2015

12
0.0
724.6
100.0
27.0

12
0.0
766.9
100.0
29.7

12
0.0
809.6
100.0
32.6

707.0 1131.9 1245.0 1369.5 CURRENT LIABILITIES

322.5

428.3

851.5

896.6

942.2

85.3
140.0

169.3
88.0

490.4
0.0

536.2
0.0

594.2
0.0

654.9
0.0

727.5
0.0

813.0

964.2 1446.3 1551.8 1669.6 TOTAL LIABILITIES

812.8

964.4 1445.7 1551.5 1669.8

215.1 Tangible Net Worth


85.0 Long Term Debt

PROFIT & LOSS

2011

SALES
COST OF SALES
SELLING AND ADMINISTRATION
EBIDTA
INTEREST
DEPRECIATION
OPERATING PROFIT
PBT
PAT

3250.2 3749.1 4595.1 5054.0 5559.4 NET CASH ACCRUALS


2994.7 3454.4 4247.1 4670.6 5136.2
169.1 185.8 227.8 250.5 275.6 OPERATING ACTIVITIES
98.6 122.9 134.3 147.0 161.7 INVESTING ACTIVITIES
3.5
3.3
6.7
18.4
18.8 FINANCING ACTIVITIES
12.2
14.1
14.1
14.1
14.1
82.9 105.6 113.6 114.5 128.8 NET CHANGE IN CASH
101.8 128.6 141.8 145.5 162.9
69.5
86.1
97.8 100.4 112.4

CHANGE IN TNW

2011

12
0.0
397.2
0.0
31.1

229.2
77.7

12
86.5
809.3
402.7
71.1

BALANCE SHEET : LIABILITIES

12
0.0
288.3
0.0
34.2

243.2
71.1

12
78.6
735.7
366.1
64.6

2015

2012

2013

2014

2015

490.4

45.8

58.0

60.7

72.7

RATIOS
EBIDTA Margins
PAT Margins
Growth in Sales

2011
3.0%
2.1%
N/A

2012
3.3%
2.3%
15.3%

2013
2.9%
2.1%
22.6%

2014
2.9%
2.0%
10.0%

2015
2.9%
2.0%
10.0%

Days Payable
Days Receivable
Days Inventory

0
8
20

42
28
19

60
53
29

59
53
29

CASH FLOWS

RATIOS
Total Debt
Total Debt / NCA
Total Debt / EBIDTA
TOL / TNW

57
53 Interest Coverage
29 DSCR

2011

2012

2013

2014

2015

81.7

100.2

111.9

114.5

126.5

-5.1
74.9
-42.9

13.5
44.9
-46.3

37.4
24.3
-58.0

36.2
26.7
-58.4

537.6
12.4
-29.2

26.9

12.1

3.7

4.5

520.8

2011
0.0
0.0
0.0
0.7

2012
0.0
0.0
0.0
0.8

2013
100.0
0.9
0.7
1.4

2014
100.0
0.9
0.7
1.4

2015
100.0
0.8
0.6
1.3

19.2
24.7
13.6
5.5
5.9
0.0 #DIV/0! #DIV/0! #DIV/0! #DIV/0!