ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM II : OPERATING STATEMENT

Name: SOM DISTILLERIES & BREWERIES LIMITED

As per profit and loss account actuals/

estimates for the year ended/ending [Rs. in crore]
2017-18 2018-19 2019-20 2020-21
YR.BEFORE LAST YEAR CURRENT YEAR Following Year
LAST AUDITED ESTIMATED PROJECTED
Audited
1. Gross Sales
[i] Domestic Sales 428.51 407.90 509.88 560.86
[ii] Export Sales 0.00 0.00 0.00 0.00
Add other revenue income 0.00 0.00 0.00 0.00
Total 428.51 407.90 509.88 560.86

2. Less Excise Duty 77.89 85.55 106.94 97.48

Deduct other items
3. Net Sales[item 1 - item 2] 350.62 322.35 402.94 463.38

4. % rise [+] or fall [-]in net sales as

compared to last year [annualised] 43.28% -8.06% 25.00% 15.00%

5. Cost of Sales
i] Raw materials[including stores
& other items used in the process of
manufacture] 68.77 51.34 64.18 71.23
[a] Imported 0.00 0.00 0.00 0.00
[b] Indigenous 68.77 51.34 64.18 71.23

ii] Other spares 98.65 120.11 150.14 166.65

[a] Imported 0.00 0.00 0.00 0.00
[b] Indigenous 98.65 120.11 150.14 166.65

iii] Power & fuel 9.30 10.29 11.83 13.61

iv] Direct labour[Factory wages] 7.11 8.63 9.92 11.41

v] Other mfg. Expenses 28.19 21.11 23.22 25.54

vi] Depreciation 4.26 4.70 10.15 10.15

vii] SUB-TOTAL [i to vi] 216.28 216.18 269.45 298.59

viii] Add:Op. stocks-in-process 3.53 3.58 3.05 5.68

Sub-total 219.81 219.76 272.50 304.27

SOM DISTILLERIES & BREWERIES LIMITED
2017-18 2018-19 2019-20 2020-21
ix] Deduct: Cl. stocks-in-process 3.58 3.05 5.68 6.34

x] Cost of Production 216.23 216.71 266.82 297.93

xi] Add: Op.Stock of F.G. 10.75 7.98 14.36 23.43

Sub-Total 226.98 224.69 281.18 321.36

xii] Deduct: Cl. stock of F.G. 7.98 14.36 23.43 26.78

xiii] Sub-Total [Total cost of sales] 219.00 210.33 257.75 294.58

6. Selling, Genl.& Admn.Expenses 77.30 75.11 90.13 99.15

7. SUB-TOTAL [5+6] 296.30 285.44 347.88 393.73

8. Op.Profit before Interest [3-7] 54.32 36.91 55.06 69.65

9. Interest 8.78 7.87 12.19 10.97

10. Op.profit after Interest [8-9] 45.54 29.04 42.87 58.68

11. [i] Add other non-op.income

[a] Interest 0.35 0.35 0.39 0.42
[b] 1.55 2.61 1.50 1.60
Sub-total [income] 1.90 2.96 1.89 2.02
[ii] Deduct other non-op.exp.
[a] Prir Paid Exp 0.00 0.00 0.00 0.00
[b] Deffered Tax 0.00 0.00 0.00 0.00
Sub-total [expenspes] 0.00 0.00 0.00 0.00
[iii] Net of non-op.income/exp 1.90 2.96 1.89 2.02

[iii] Expenses Amortised 0.00 0.00 0.00

12. Profit before tax/loss 47.44 32.00 44.76 60.70

[10+11 (iii)]
13. [a] Provision for taxes 22.23 11.99 14.77 20.03
[b] Provision for Deferred Tax 0.00

14. Net Profit/loss [12-13] 25.21 20.01 29.99 40.67

29.99 40.67
15. [a] Equity dividend paid-amt 4.97 4.97 4.97 4.97
[Already paid+B.S.Prov]
[b] Dividend Rate 15.00% 15.00% 15.00% 15.00%

16. Retained Profit [14-15] 20.24 15.04 25.02 35.70

17. Retained Profit/Net Profit[%] 80.29 75.16 83.43 87.78
 ANALYSIS OF BALANCE SHEET

Name: SOM DISTILLERIES & BREWERIES LIMITED

As per Balance Sheet as at: [Rs. in crore]

LIABILITIES 2017-18 2018-19 2019-20 2020-21
LAST YEAR CURRENT
YR.BEFORE Following Year
YEAR
LAST AUDITED PROJECTED
Audited ESTIMATED

CURRENT LIABILITIES 2 3 4 5
1. Short-term borrowings from
banks [incld bills purchased,
discounted & excess borrow-
ing placed on repayment basis]
[i] From applicant Bank 4.64 27.81 28.00 28.00

[ii] From other Banks 0.00 0.00 15.00 15.00

[iii] [of which BP & BD] 0.00 0.00 0.00 0.00

Sub-Total [A] 4.64 27.81 43.00 43.00

2. Short term borrowings from

others

3. Sundry Creditors [Trade] 29.02 46.46 35.72 39.65

4. Advance payment from custo- 2.63 5.98 5.38 4.84

mers/deposits from dealers

5. Provision for taxation 13.51 16.48 14.77 20.03

6. Dividend payable 4.13 4.13 4.13 4.13

7. Other statutory liabilities 8.75 10.43 5.00 5.00

[due within one year]

8. Deposits/Instalments of term 15.69 15.95 15.13 18.30

loans/DPGs/Debentures, etc.
[payable within one year]

9. Other Current Liabilities & 37.94 59.58 29.79 32.77

Provisions[due within 1 year]
Other outstanding liabilities
Sub-Total [B] 111.67 159.01 109.92 124.72

10.TOTAL CURRENT LIABILITIES 116.31 186.82 152.92 167.72

[total of 1 to 9 excld 1 [iii]]
SOM DISTILLERIES & BREWERIES LIMITED
2017-18 2018-19 2019-20 2020-21
TERM LIABILITIES

11. Debentures [not maturing

within one year]

12. Preference shares

[redeemable after one year]

13. Term Loans [excld instalments 26.09 14.15 82.47 64.17

payable within one year]

14. Deferred Payment Credits 0.00

[excluding instalments due
within one year]

15. Term Deposits [repayable 2.39 3.04 3.00 3.00

after one year]

16. Other term liabilities 0.00 24.45 0.00 0.00

17. TOTAL TERM LIABILITIES 28.48 41.64 85.47 67.17

18. TOTAL OUTSIDE LIABILITIES 144.79 228.46 238.39 234.89

[Item 10 plus item 17]

NET WORTH

19. Ordinary share capital 27.52 32.49 32.49 32.49

20. General Reserve 0.39 0.39 0.39 0.39

21. Revaluation Reserve

22. Other reserves [excluding 12.21 142.24 142.24 142.24

provisions]

23. Surplus(+) or Deficit(-) in 120.93 135.97 160.99 196.69

Profit & Loss Account.

23 a. Deferred Tax Liability [DTL] 12.20 12.26 10.00 7.50

23 b. Others [specify]

24. NET WORTH 173.25 323.35 346.11 379.31

25. TOTAL LIABILITIES 318.04 551.81 584.50 614.20

 ANALYSIS OF BALANCE SHEET

Name: SOM DISTILLERIES & BREWERIES LIMITED

As per Balance Sheet as at: [Rs. in crore]

ASSETS 2017-18 2018-19 2019-20 2020-21
LAST YEAR CURRENT
YR.BEFORE Following Year
YEAR
LAST AUDITED PROJECTED
Audited ESTIMATED
CURRENT ASSETS 2 3 4 5
26. Cash and Bank balances 20.55 21.54 8.61 13.24

27. Investments [other than long 3.92 0.52 5.00 6.00

term investments]
[i] Government & other 0.00 0.00 0.00 0.00
Trustee securities
[ii] Fixed deposits with Banks 3.92 0.52 5.00 6.00
28. [i] Receivables other than 69.85 83.74 127.47 140.22
deferred & exports [incld.
bills purchased and
discounted by banks]
[ii] Export receivables[including 0.00 0.00 0.00 0.00
bills purchased and
discounted by banks]
29. Instalments of deferred receiv-
ables [due within one year]

30. Inventory: 25.77 64.11 64.83 72.77

[i] Raw Materials[including 4.54 9.19 10.70 11.87

stores & other items used
in the process of mfr.]
[a] Imported
[b] Indegenous 4.54 9.19 10.70 11.87

[ii] Stocks in process 3.58 3.05 5.68 6.34

[iii] Finished goods 7.98 14.36 23.43 26.78

[iv] Other consumable spares 9.67 37.51 25.02 27.78

[a] Imported
[b] Indegenous 9.67 37.51 25.02 27.78

31. Advances to suppliers of raw 15.86 23.24 25.00 30.00

materials & stores/spares
32. Advance payment of taxes 0.00 0.00 13.29 18.03

33. Other current assets [specify] 42.17 10.18 12.22 14.66

34. TOTAL CURRENT ASSETS 178.12 203.33 256.42 294.91

[Total of 26 to 33]
SOM DISTILLERIES & BREWERIES LIMITED
2017-18 2018-19 2019-20 2020-21
FIXED ASSETS
35. Gross Block [land & building 116.64 219.02 239.02 239.02
machinery, work-in-progress]
36. Depreciation to date 48.32 53.02 63.17 73.32

37. NET BLOCK [35-36] 68.32 166.00 175.85 165.70

OTHER NON-CURRENT ASSETS

38. Investments/book debts/ 66.22 181.53 151.46 153.00

advances/deposits which are
not Current Assets
[i] (a) Investments in subsidi- 51.00 76.01 76.00 76.00
ary Co.s/affiliates
(b) Others 71.91 60.00 60.00

[ii] Advances to suppliers of 1.72 19.56 0.00 0.00

capital goods & contractors
[iii] Deferred receivables
[maturity exceeding 1 yr]
[iv] Others 13.50 14.05 15.46 17.00
(a) security dep/C Ex Duty/Cess
39. Non-consumable stores &
spares
40. Other non-current assets 4.25 0.00 0.00 0.00
including dues from directors

41.TOTAL OTHER NON-CURR.ASSETS 70.47 181.53 151.46 153.00

42. a. Intangible assets (patents,goodwill 1.13 0.95 0.77 0.59

prelim. Expenses, bad/doubtful
expenses not provided for etc.

b. Deferred Tax Assets [DTA]

43. TOTAL ASSETS [34+37+41+42] 318.04 551.81 584.50 614.21

44. TANGIBLE NET WORTH [24-21-42] 173.25 323.35 346.11 379.31

45. NET WORKING CAPITAL 61.81 16.51 103.50 127.19

[(17+24)-(37+41+42)]

46. Current Ratio 1.53 1.09 1.68 1.76

47. Total Outside Liabilities/TNW 0.84 0.71 0.69 0.62

48. Total Term Liabilities/TNW 0.15 0.04 0.24 0.17

YEAR 2017-18 2018-19 2019-20 2020-21
LIABILITIES 318.04 551.81 584.50 614.20
ASSETS 318.04 551.81 584.50 614.21
DIF. 0.00 0.00 0.00 0.00