GURVINDAR SINGH BHATIA

GURUNAANAK VASTRA BHANDARQ

CMA DATA
Figure in Lakh
PREPARED BY - CA. SHIVAM GUPTA

FORM II (OPERATING STATEMENT)

PARTICULARS ACTUAL ESTIMATED PROJECTED YEARS
31/03/2017 31/03/2018 31/03/2019 31/03/2020 31/03/2021
1. Gross Income
(i.) Sales(net of returns)
(a.) Domestic Sales 11.36 40.26 58.96 68.96 76.90
(b.) Export Sales 0.00 0.00 0.00 0.00 0.00
(c.) Sub-total(a+b) 11.36 40.26 58.96 68.96 76.90
(d.) % rise(+) or fall(-) in sales turnover as 254.40 46.45 16.96 11.51
compared to Previous Year
(ii.) Other Income
(a.) Duty Drawback 0.14 0.00 0.00 0.00 0.00
(b.) Cash assistance 0.00 0.00 0.00 0.00 0.00
(c.) Commission & brokerage received 0.00 0.00 0.00 0.00 0.00
(d.) Sub-total (a + b + c) 0.14 0.00 0.00 0.00 0.00
(iii.) Total (i) + (ii) 11.50 40.26 58.96 68.96 76.90
2. Cost of Sales
(i.) Purchases 15.16 38.59 52.03 64.54 67.90
(ii.) Other trading exp.s (carriage inward, commission 0.01 0.06 0.10 0.12 0.15
and brokerage on purchase)
(iii.) Sub-total (i) + (ii) 15.17 38.65 52.13 64.66 68.05

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 (iv.) Add: Opening Stock 4.14 10.48 15.41 17.39 23.50
(v.) Sub-total (iii) + (iv) 19.31 49.13 67.54 82.05 91.55
(vi.) Less: Closing Stock 10.48 15.41 17.39 23.50 26.23
(vii.) Total cost of sales (v) - (vi) 8.83 33.72 50.15 58.55 65.32
3. Selling General & Administrative 0.47 1.58 2.37 2.52 2.86
4. Operating Profit (before Interest and Depriciation 2.20 4.96 6.44 7.89 8.72
[1(iii) - 2(vii) - 3]
5. Interest 0.00 0.00 0.50 1.00 1.00
6. Depreciation 0.00 0.02 0.02 0.14 0.15
7. Operating Profit (after Interest Depreciation)(4- 2.20 4.94 5.92 6.75 7.57
5-6)
8.
9. Profit Before TAX/Loss [7 + 8(iii)] 2.20 4.94 5.92 6.75 7.57
10. Provision for Taxes 0.00 0.00 0.00 0.00 0.00
11. Net Profit/Loss (9 - 10) 2.20 4.94 5.92 6.75 7.57
12.
(i.) Equity dividend paid 0.00 0.00 0.00 0.00 0.00
(ii.) Dividend Rate 0.00 0.00 0.00 0.00 0.00
13. Retained Profit (11 - 12) 2.20 4.94 5.92 6.75 7.57
14. Retained Profit/Net Profit (%)(13/11)** In Case 100 100 100 100 100
of firms, drawing made during the year by
proprietors/partners

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 FORM III (ANALYSIS OF BALANCE SHEET)
PARTICULARS ACTUAL ESTIMATED PROJECTED YEARS
31/03/2017 31/03/2018 31/03/2019 31/03/2020 31/03/2021
Current Liabilites
1. Short-Term borrowings from banks (including bills
purchased Discount & excess borrowings placed on
repayment basis)
(i.) From applicant bank 0.00 0.00 10.00 10.00 10.00
(ii.) From other banks 0.00 0.00 0.00 0.00 0.00
(iii.) (Of which BP & BD) 0.00 0.00 0.00 0.00 0.00
Sub-Total(A) 0.00 0.00 10.00 10.00 10.00
2. Short-term borrowing from others 0.00 0.00 0.00 0.00 0.00
3. Sundry creditors(trade) 1.78 10.90 1.42 2.30 2.00
4. Advance payments from customers/deposits from 0.00 0.00 0.05 0.05 0.07
dealers
5. Provision for taxation 0.00 0.00 0.00 0.00 0.00
6. Dividend payable 0.00 0.00 0.00 0.00 0.00
7. Other statutory liabilities (due within one year) 0.00 0.00 0.00 0.00 0.00
8. Deposits/Instalments of term 0.00 0.00 0.00 0.00 0.00
loans/DPGs/debentures,etc. (due within one year)
9. Other current liabilites & provisions (Due within 1 0.00 0.00 0.00 0.00 0.00
year)(Specify major items)
Sub-Total(B) 1.78 10.90 1.47 2.35 2.07
10. Total current Liabilites(Total 1 To 9) 1.78 10.90 11.47 12.35 12.07
Term Liabilites

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 11. Debentures(not maturing within one Year
12. Preference Shares (redeemable after one year)
13. Term loans (excluding instalments payable within 0.00 0.00 0.00 0.00 0.00
one years)
14. Deferred Payment Credits (excluding instalments
due within one year)
15. Terms deposits (repayment after 1 year)
16. From Directors & relatives
17. Other terms liabilities
18. Total terms liabilities(Add 11 to 17) 0.00 0.00 0.00 0.00 0.00
19. Total Outside Liabilites(10+18) 1.78 10.90 11.47 12.35 12.07
Net worth
20. Ordinary share capital 10.00 13.45 17.09 20.71 24.76
21. General reserve
22. Revaluation Reserve
23. Other reserves(excluding provision)
24. Surplus (+) or deficit (-) in profit and Loss account 0.00 0.00 0.00 0.00 0.00
25. Net Worth 10.00 13.45 17.09 20.71 24.76
26. Total Liabilities (19+25) 11.78 24.35 28.56 33.06 36.83
Current Assets
27. Cash and bank balances 0.16 3.40 3.50 2.50 2.24
28. Investment(other than long-term investments
(i.) Government & other Trust securities 0.00 0.00 0.00 0.00 0.00
(ii.) Fixed deposits with banks
29.
(i.) Receivables other than deferred and 0.95 5.37 7.52 5.80 7.00

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 exports(including bills purchased &
discounted by banks)
(ii.) Export receivables (including bills purchased/ 0.00 0.00 0.00 0.00 0.00
discounted by banks)
30. Instalments of deferred receivables (due within
one year)
31. Inventory
(i.) Raw material(including stores and other
items used in the process manufacture)
Imported 0.00 0.00 0.00 0.00 0.00
Indigenous
(ii.) Stock-in process
(iii.) Finished goods 10.48 15.41 17.39 23.50 26.23
(iv.) Other consumable spares
Imported
Indigenous
32. Advance to suppliers of raw material stores/spares
33. Advances payment of taxes
34. Other current assets (specify major items) 0.00 0.00 0.00 0.00 0.00
35. Total Current Assets(add 27 To 34) 11.59 24.18 28.41 31.80 35.47
Fixed Assets
36. Gross Block (land & bulding, machinery,Cap.work- 0.19 0.19 0.17 1.40 1.51
in-progress)
37. Depreciation to date 0.00 0.02 0.02 0.14 0.15
38. Net Block(36-37) 0.19 0.17 0.15 1.26 1.36
Other Non-Current Assets

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 39. Investments/book debts/advances/ deposits which
are not Current Assets
(i.)
Investments in subsidiary
companies/affiliates
Others
(ii.) Advances to suppliers of capital goods &
contractors
(iii.) Deferred receivables (maturity exceeding one
year)
(iv.) Other
40. Obsolete stock
41. Other non-current assets including dues from 0.00 0.00 0.00 0.00 0.00
directors
42. Total other non-current Assets (Total of 39 To 41) 0.00 0.00 0.00 0.00 0.00
43. Intangible assets (patents,goodwill, preliminary 0.00 0.00 0.00 0.00 0.00
expenses, bad/ doubtful debts not provided for,
etc.
44. Total Assets (35+38+42+43) 11.78 24.35 28.56 33.06 36.83
45. Tangible Net worth(25-43) 10.00 13.45 17.09 20.71 24.76
46. Net Working Capital [(18+25) -(38+42+43)] Tally 9.81 13.28 16.94 19.45 23.40
With
Net Working Capital (35-10) 9.81 13.28 16.94 19.45 23.40
47. Current Ratio (Items 35/10) 6.51 2.22 2.48 2.57 2.94
48. Total Outside Liabilities/ Tangible Net worth(19/45) 0.18 0.81 0.67 0.6 0.49

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 FORM IV (COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES)
PARTICULARS ACTUAL ESTIMATED PROJECTED YEARS
31/03/2017 31/03/2018 31/03/2019 31/03/2020 31/03/2021
A. Current Assets
1. Stock-in-Trade: 10.48 15.41 17.39 23.50 26.23
(Months' cost of Sales:) 14.26 5.49 4.17 4.83 4.83
2. Receivables other than export and deferred receivables (including 0.95 5.37 7.52 5.80 7.00
bills purchased & discounted by bankers
(Months' domestic sales:) 1.00 1.60 1.53 1.01 1.09
3. Export receivables (including bills purchased & discounted) 0.00 0.00 0.00 0.00 0.00
(Months' export sales:)
4. Advance to suppliers of raw materials and stores/ spares,
consumables
5. Other current assets including cash and bank balances & deferred 0.16 3.40 3.50 2.50 2.24
receivables due within one year (specify major items)
6. Total current Assets (To agree with item 35 in Form III) 11.59 24.18 28.41 31.80 35.47
B. Current Liabilities (Other than bank borrowing for working
capital)
7. Sundry Creditors (trade) 1.78 10.90 1.42 2.30 2.00
(Months' purchases:) 1.41 3.39 0.33 0.43 0.35
8. Advances payment from customers/ deposits from dealers 0.00 0.00 0.05 0.05 0.07
9. Statutory liabilities 0.00 0.00 0.00 0.00 0.00
10. Other current liabilities (Specify major items such as Short-term 0.00 0.00 0.00 0.00 0.00
borrowing, unsecured loans, dividend payable, instalments of TL.
DPG, Public deposits,debentures, etc.
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 11. Total (To agree with sub-total B- Form III) 1.78 10.90 1.47 2.35 2.07

FORM V (Computation of maximum permissible Bank Finance for Working Capital)

PARTICULARS ACTUAL ESTIMATED PROJECTED YEARS
31/03/2017 31/03/2018 31/03/2019 31/03/2020 31/03/2021
1. Total Current Assets,(6 in Form IV) 11.59 24.18 28.41 31.80 35.47
2. Current Liabilities (Other than bank borrowing) (2 1.78 10.90 1.47 2.35 2.07
to 9 of Form III)
3. Working Capital Gap (WCG)(1-2) 9.81 13.28 26.94 29.45 33.40
4. Minimum stipulated net working Capital i.e. 25% 2.45 3.32 6.74 7.36 8.35
of WCG/25% of total current asset as the case
may be depending upon the method of lending
being applied (Export receivables to be excluded
under both methods)
5. Actual/projected net working capital (46 in Form 9.81 13.28 16.94 19.45 23.40
III)
6. Assessed Bank Finance (3-4) 7.36 9.96 20.20 22.09 25.05
7. Item 3 minus item 5 0.00 0.00 10.00 10.00 10.00
8. Maximum permissible bank finance (Item 6 or 7 0.00 0.00 10.00 10.00 10.00
whichever is Lower)
9. Excess borrowings representing shortfall in -7.36 -9.96 -10.20 -12.09 -15.05
NWC(4-5)

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 FORM V II Method (Computation of maximum permissible Bank Finance for Working Capital)
PARTICULARS ACTUAL ESTIMATED PROJECTED YEARS
31/03/2017 31/03/2018 31/03/2019 31/03/2020 31/03/2021
1. Total Current Assets,(6 in Form IV) 11.59 24.18 28.41 31.80 35.47
2. Current Liabilities (Other than bank borrowing) (2 1.78 10.90 1.47 2.35 2.07
to 9 of Form III)
3. Working Capital Gap (WCG)(1-2) 9.81 13.28 26.94 29.45 33.40
4. Minimum stipulated net working Capital i.e. 25% 2.9 6.04 7.1 7.95 8.87
of WCG/25% of total current asset as the case
may be depending upon the method of lending
being applied (Export receivables to be excluded
under both methods)
5. Actual/projected net working capital (46 in Form 9.81 13.28 16.94 19.45 23.40
III)
6. Assessed Bank Finance (3-4) 6.91 7.24 19.84 21.50 24.53
7. Item 3 minus item 5 0.00 0.00 10.00 10.00 10.00
8. Maximum permissible bank finance (Item 6 or 7 0.00 0.00 10.00 10.00 10.00
whichever is Lower)
9. Excess borrowings representing shortfall in -6.91 -7.24 -9.84 -11.50 -14.53
NWC(4-5)

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 FORM VI (FUNDS FLOW STATEMENT)
PARTICULARS ACTUAL ESTIMATED PROJECTED YEARS
31/03/2017 31/03/2018 31/03/2019 31/03/2020 31/03/2021
1. Sources 0.00 0.00 0.00 0.00 0.00
(a.) Net profit (After tax) 0.00 4.94 5.92 6.75 7.57
(b.) Depreciation 0.00 0.02 0.02 0.14 0.15
(c.) Increase in capital 0.00 -1.49 -2.28 -3.13 -3.52
(d.) Increase in Term Liabilities (Including Public 0.00 0.00 0.00 0.00 0.00
deposits)
(e.) Decrease in 0.00 0.00 0.00 0.00 0.00
(i.) Fixed Assets 0.00 0.00 0.00 0.00 0.00
(ii.) Other non-current assets 0.00 0.00 0.00 0.00 0.00
(f.) Other 0.00 0.00 0.00 0.00 0.00
(g.) Total 0.00 3.47 3.66 3.76 4.20
2. Uses 0.00 0.00 0.00 0.00 0.00
(a.) Net loss 0.00 0.00 0.00 0.00 0.00
(b.) Decrease in term Liabilities (Including public 0.00 0.00 0.00 0.00 0.00
deposits)
(c.) Increase in: 0.00 0.00 0.00 0.00 0.00
(i.) Fixed Assets 0.00 0.00 0.00 1.25 0.25
(ii.) Other non-current assets 0.00 0.00 0.00 0.00 0.00
(d.) Dividend payments 0.00 0.00 0.00 0.00 0.00
(e.) Others 0.00 0.00 0.00 0.00 0.00
(f.) Total 0.00 0.00 0.00 1.25 0.25
3 Long-term Surplus (+)/Deficit (-)(1-2) * (as per 0.00 3.47 3.66 2.51 3.95
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 details given below)
4. Increase/decrease in current assets * (as per 0.00 12.59 4.23 3.39 3.67
details given below)
5. Increase/decrease in current liabilities other than 0.00 9.12 -9.43 0.88 -0.28
Bank borrowings
6. Increase/decrease in working capital gap 0.00 3.47 13.66 2.51 3.95
7. Net surplus (+)/deficit (-) (Difference of 3 & 6) 0.00 0.00 10.00 0.00 0.00
8. Increase/decrease in: 0.00 0.00 0.00 0.00 0.00
(i.) Bank borrowing 0.00 0.00 -10.00 0.00 0.00
(ii.) Net Sales 0.00 28.90 18.70 10.00 7.94
*Break-up of(4) 0.00 0.00 0.00 0.00 0.00
(i.) Increase/Decrease in: 0.00 0.00 0.00 0.00 0.00
(a.) Raw Materials 0.00 0.00 0.00 0.00 0.00
(b.) Stocks-in-Process 0.00 0.00 0.00 0.00 0.00
(c.) Finished Goods 0.00 4.93 1.98 6.11 2.73
(ii.) Increase/Decrease in Receivables: 0.00 0.00 0.00 0.00 0.00
(a.) Exports 0.00 0.00 0.00 0.00 0.00
(b.) Domestic 0.00 4.42 2.15 -1.72 1.20
(iii.) Increase/Decrease in stores Spares 0.00 0.00 0.00 0.00 0.00
(iv.) Increase/Decrease in other current assets 0.00 3.24 0.10 -1.00 -0.26

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