Particulars Audited Audited Audited Estimates Projected

2012 2013 2014 2015 2016

Gross Sales 1779.20 2012.56 2410.31 2730.00 3150.00

Net Sales 1698.78 1915.38 2298.01 2600.00 3000.00
Net Profit After Tax 42.51 27.53 122.49 130.47
192.18
Depreciation 20.01 26.06 24.49 27.98 30.27
Tangible Net worth 35.26 62.66 185.86 316.33 508.51
Unsecured Loan 316.72 368.13 367.21 356.69 357.98
Current Ratio 1.13 1.44 1.21 1.36 1.51
DE Ratio (TTL/ 10.33 6.24 2.20 1.22 0.74
TNW)
DE Ratio 19.71 10.49 4.88 2.84 1.79
(TOL/TNW)
Quasi DE Ratio 9.35 4.75 1.94 0.92 0.64
 M/s Amar Equipments Pvt Ltd

FIRST METHOD

Particulars Audited Audited Audited Estimates

Year Ending 31st March 2012 2013 2014 2015
1 Total Current Assets 373.65 382.48 603.14 694.68
2 Less :Current liabilities (Other than 214.21 198.03 195.12 212.33
Bank Borrowings)
3 Working Capital Gap 159.44 184.45 408.02 482.35
4 25% of Working Capital Gap 39.86 46.11 102.01 120.59
5 Actual / Projected NWC 43.15 116.39 104.38 183.71
6 Stipulated margin (Higher of 4 or 5) 43.15 116.39 104.38 183.71
7 MPBF (3 - 6) 116.29 68.06 303.64 298.64
8 Excess Borrowing Nil Nil Nil Nil
Projected
2016
802.96
239.83

563.13
140.78
271.96
271.96
291.17
Nil
M/s Amar Equipments Pvt Ltd

1 Actual Sales in the last year ( 2007-2008) 2410.31

2 Estimated sales in the current year (2008-2009) 2730.00
3 Actual Sales upto 30/09/2008
4 Projected sales for the next Year 2008-09 (as given by the party) 3150.00
5 Accepted sales for the year 2008-2009 2040.00
6 25% of level of Projected / Accepted sales. 510.00
7 5% of Projected / accepted sales (Minimum Margin requirement) 102.00
8 Actual margin projected by the party 271.96
9 Permissible Bank Finance (PBF) 238.04
10 Limit Requested by the Party 220.00
11 Proposed Limit
M/s Amar Equipments Pvt Ltd

Particulars Audited Audited Audited Estimates Projected

Year Ending 31st March 2012 2013 2014 2015 2016
a) Balance Sheet Data / Capital
Structure
Paid up Capital
a) Equity Share Capital 5.00 5.00 5.00 5.00 5.00
b) Preference Share Capital
Reserves & Surplus (Excl. 30.26 57.66 180.86 311.33 503.51
Revaluation reserves and net of
intangible assets)
Tangible Net worth 35.26 62.66 185.86 316.33 508.51
Term Liabilities 364.41 391.27 408.70 386.95 378.33
of which Unsecured Loans 316.72 368.13 367.21 356.69 357.98
Capital Employed 399.67 453.93 594.56 703.28 886.84
Net Block 166.78 149.99 186.56 193.99 208.66
Non Current Assets 189.74 187.55 303.62 325.58 406.22
of Which Funds Invested outside 0.00 0.00 0.00 0.00 0.00
Business
Current Assets 373.65 382.48 603.14 694.68 802.96
Current Liabilities 330.50 266.09 498.76 510.97 531.00
Net Current Assets 43.15 116.39 104.38 183.71 271.96

b) Operational Data
Gross Sales 1779.20 2012.56 2410.31 2730.00 3150.00
Less: Excise / Sales Tax 80.42 97.18 112.30 130.00 150.00
Net Sales 1698.78 1915.38 2298.01 2600.00 3000.00
Of which exports 600.02 685.24 856.62 970.00 1110.00
Other Income 10.30 20.57 27.20 32.32 43.71
Manufacturing expenses 1154.36 1271.94 1470.48 1658.94 1877.31
Adm. & Selling Expenses 438.63 546.35 590.32 700.92 795.56
Depreciation 20.01 26.06 24.49 27.98 30.27
Interest 5.03 5.62 1.76 0.20 0.10
Othe expenses incl. Prel. Exp. 27.67 43.79 49.61 55.92 61.67
W.off
Net Profit before Tax 63.38 42.19 188.55 188.36 278.80
Net Profit After Tax 42.51 27.53 122.49 130.47 192.18
Dividend 32.55 70.27 0.00 0.00 0.00

Profitability Ratio
(NP/Sales) % 2.50% 1.44% 5.33% 5.02% 6.41%
Net Profit / Capital Employed 10.64% 6.06% 20.60% 18.55% 21.67%
Stock Turnover ratio (days) 84 63 93 94 94
Debtor Turnover ratio days) 0 0 0 0 0
PAT / TNW 120.56% 43.94% 65.90% 41.24% 37.79%
Current Ratio 1.13 1.44 1.21 1.36 1.51
DE Ratio (TTL/ TNW) 10.33 6.24 2.20 1.22 0.74
DE Ratio (TOL/TNW) 19.71 10.49 4.88 2.84 1.79
Quasi DE Ratio 9.35 4.75 1.94 0.92 0.64
FUND FLOW STATEMENT (FOR TERM LOAN / DPG ONLY

M/s Amar Equipments Pvt Ltd Annex H

PARTICULARS Audited Audited Estimates Projected

Year ended 31st March 2013 2014 2015 2016

SOURCES

Profit Before tax 42.19 188.55 188.36 278.80

Add: Depreciation 26.06 24.49 27.98 30.27
Gross funds generated 68.25 213.04 216.34 309.07
Less: Taxes Paid/Payable 14.66 66.06 57.89 86.62
Less: Dividend Paid/payable (Drawings) 37.77 0.00 0.00 0.00

A Sub total: Net Fund generated 15.82 146.98 158.45 222.45

INCREASE IN
Capital 37.64 0.71 0.00 0.00
T/L / Debt / Def. Payment 0.00 18.35 0.00 0.00
Public Deposit 0.00 0.00 0.00 0.00
Other T/ liabilities incl Unsecured loans 51.41 0.00 0.00 1.29

DECREASE IN
Fixed Assets 0.00 0.00 0.00 0.00
Inter-Corp. investments & Advance 0.00 0.00 0.00 0.00
Other non current assets 2.19 0.00 0.00 0.00

B Sub total 91.24 19.06 0.00 1.29

INCREASE IN
Bank borrowings 0.00 235.58 0.00 0.00
Other Current liabilities 0.00 0.00 17.21 27.50

DECREASE IN
Inventory 47.09 0.00 0.00 0.00
Receivables 0.00 0.00 0.00 0.00
Other current assets 0.00 0.00 0.00 0.00

C Sub total: 47.09 235.58 17.21 27.50

TOTAL FUNDS AVAILABLE 154.15 401.62 175.66 251.24

FUND FLOW STATEMENT (FOR TERM LOAN / DPG ONLY
Annex H Contd....
M/s Amar Equipments Pvt Ltd

PARTICULARS Audited Audited Estimates Projected

Year ended 31st March 2013 2014 2015 2016
USES
DECREASE IN
Capital 0.00 0.00 0.00 0.00
T/L / Debt / Def. Payment 24.55 0.00 11.23 9.91
Public Deposit 0.00 0.00 0.00 0.00
Other term liabilities 0.00 0.92 10.52 0.00

INCREASE IN
Fixed Assets 9.27 61.06 35.41 44.94
Inter-Corp. investments & Advance 0.00 0.00 0.00 0.00
Other non current assets 0.00 116.07 21.96 80.64

D Sub total 33.82 178.05 79.12 135.49

DECREASE IN
Bank borrowings 48.23 0.00 5.00 7.47
Other Current liabilities 16.18 2.91 0.00 0.00

INCREASE IN
Inventory 0.00 155.55 53.92 59.04
Receivables 0.00 0.00 0.00 0.00
Other current assets 55.92 65.11 37.62 49.24

E Sub total: 120.33 223.57 96.54 115.75

Loss as per P & L account 0.00 0.00 0.00 0.00

Less: Depreciation 0.00 0.00 0.00 0.00
Gross funds lost 0.00 0.00 0.00 0.00
Add: Taxes Paid/Payable 0.00 0.00 0.00 0.00
Add: Dividend Paid/payable 0.00 0.00 0.00 0.00

F Sub total: Net funds lost 0.00 0.00 0.00 0.00

TOTAL FUNDS USED 154.15 401.62 175.66 251.24

SUMMARY:

Long Term Sources 107.06 166.04 158.45 223.74

Less: Long Term Uses 33.82 178.05 79.12 135.49
Surplus(+)/Short fall(-) 73.24 -12.01 79.33 88.25

Short Term Sources 47.09 235.58 17.21 27.50

Less: Short Term Uses 120.33 223.57 96.54 115.75
Surplus(+) /Short fall(-) -73.24 12.01 -79.33 -88.25
 M/s Amar Equipments Pvt Ltd

OTHER RATIOS

Particulars Audited Audited Audited Estimates Projected

Year Ending 31st March 2012 2013 2014 2015 2016

1 Raw Material Turnover Ratio 93 68 104 105 105

2 Finished Goods turnover Ratio 0 0 0 0 0
3 Process stock turnover ratio 15 12 9 8 8
4 Inventory turnover Ratio 84 63 93 94 94
5 Debtors Turnover ratio 0 0 0 0 0
6 Creditor Turnover ratio #VALUE! 3 1 2 1

7 Fixed Assets covergae ratio 3.50 6.48 4.50 6.41 10.25

8 Solvency Ratio 1.05 1.10 1.20 1.35 1.56
9 Acid test Ratio 0.48 0.80 1.15 1.23 1.30
10 Operating Profit ratio 5.66% 4.49% 10.28% 9.30% 11.16%
11 Return on Investment 13.16% 11.95% 21.60% 19.92% 23.61%