CMA Data Analysis

CMA DATA
M/S SAMRAJYALAKSHMI SURGICALS

G-5, APIIC MIE, BALAGA, SRIKAKULAM-532001.
Managing Partner Mr.Thammineni Seetharam
Contact No. 9849141530
Credit Monitoring Arrangement
Input for CMA Data Please click on heading/ Title for help
A. Unit's Profile
Name of the Unit M/S SAMRAJYALAKSHMI SURGICALS
CMA Date Base Year: 2016/Manufacturing
Facility Type Existing Limit Outstanding Propose Lmt
CC(Stock) 250.00
CC(BD)
CC(Bills)
SME/SLC
New TL 700.00
TL1
TL2
TL3
TL4
TL5
BG
LC
Others
B. CMA Input Years

Years 2015-16 2016-17 2017-18 2018-19
B/ S Types EST PROJ PROJ PROJ
Years Year 1 Year 2 Year 3 Year 4
C. Last Year Projection 2014-15 Prv. PROJ

Parameters 2014-15 Parameters 2014-15
Dom. Sales(Gross) 68.54 Cash Accrual 27.96
Export Sales 0 Paid Up Capital 162.00
Net Sales 68.54 TNW 155.92
Profit Before tax -6.08 Adjusted TNW 155.92
PBT/ Sales (%) -8.87 Adjusted TOL/TNW 2.08
Profit After Tax -6.08 NWC 27.96
Input for CRA

A Activity Type of the unit Non-Trading
B Existing Unit/ New Unit New Notice Board
C Types of Facility CC+TL CRA for the Unit
D Input Ratio for CRA Pricing for the unit
(Note:1.Please Choose correct option in D35 to H35, this is complusery. 2.This option will be flashed in Historical
data in Fin-Ind. Which is used for CRA exercised accordingly. 3. If we choose manual option then we need to input
the ratio here, which will flash in Historical data and used for CRA accordingly or else CMA data will be used for
CRA.
Parameters Last 3 yrs Average

Last year projected
Lastest Ratio Next year projection
**Choosing Correct option here is

complusury** Year 1+2+3 Input Sheet 2
TOL/ TNW 1.44 2.08 1.46 0.52
Current Ratio 1.92 1.56 1.82 2.46
ROCE % 19.89 9.59 19.77 18.00
PBDIT/IINTT. 3.15 2.54 2.72 4.81
PAT/Operating Income 14.93 -8.87 7.33 10.95
INV.+REC./SALES (DAYS) (for CC) 28 12 18 18
Gross Average DSCR (for TL) 1.60
Notice Board
Last 3 yrs. Last year Next year
Parameters Lastest Ratio
Average project project
TOL/ TNW 1.44 2.08 1.46 0.52
Current Ratio 1.92 1.56 1.82 2.46
ROCE % 19.89 9.59 19.77 18.00

PBDIT/IINTT. 3.15 2.54 2.72 4.81
PAT/Operating
Income(%) 14.93 -8.87 7.33 10.95
INV./N.Sale+REC./G.SA
LES(DAY) 28 12 18 18
Gross Average DSCR 1.60
Input for WC & ABF

A WC Limit Assessment based on finacial Year 2 i.e.
B WC holding period based on Month/ Days Months
Years 2015-16 2016-17 2017-18 2018-19 2019-20
Months 1 1 1 1 1
C Margins :
Cash Credit: Existing Proposed
RM: Domestic %
Imported
SIP
FG
Consumables/ Spares:Dom
Imp
Receivables : Domestic
: Imported
Advance Payments
Non-fund Base: Existing Proposed
Letter of Credit
BG
D Computation of LC/ BG Limit

Computation of LC limits : Assessment of BG limit:
(Amount In Lac)
Annual RM Cons.under LC Outstanding BGs
Monthly RM purchases Add: BGs required during year
Usance Less : Estimated maturity/cancellation
Lead time Requirements of BGs
L/C Limit required Recommended BG limit
Recommended LC limit 0.00 B/G if invoked any time
Input for TL & BE

A Mode of TL Analysis i.e. Data to be used by CMA or Manual Input here
B TL Interest to be applied 13.50% & WC Interest to be applied
C Margins (In Lac)
Cost Amount Means Amount % Margin
L&B 307.00 Equity:
-263.00
P&M 120.00 -37.57%
WC Debt:
700.00
Other 10.00 Debt / Equity Ratio
assets
Total 437.00 437.00 #VALUE! :1
D Input for TL Analysis Input of following data for TL analysis, from CMA or Seprately
Parameters & YEARS 2014-15 2015-16 2016-17 2017-18
Net Sales
Net Retained Profit
Raw material&Cons.Sp.
Power, water and fuel
Direct Labour
Other mfg.Exp.+ Repairs
Depreciation
Selling&Gen Admn.exp.
P&P Written Off
Prior Year's Tax Adjust.
Total Working Capital amount
TL Outstanding amount
Written Down Value of Fixed Assets
Notice Board(TL Analysis Data)
Parameters & YEARS 2015-16 2016-17 2017-18 2018-19
Net Sales 173.29 587.64 610.85 640.00
Net Retained Profit 49.60 43.06 54.05 63.29
Raw material&Cons.Sp. 171.17 307.74 332.69 359.67
Power, water and fuel 2.95 9.31 9.77 10.26
Direct Labour 5.49 18.13 19.94 21.93
Other mfg.Exp.+ Repairs 8.65 28.55 31.40 34.54
Depreciation 74.57 64.66 56.10 48.72
Selling&Gen Admn.exp. 8.66 29.38 30.54 32.00
P&P Written Off 0.00 0.00 0.00 0.00
Prior Year's Tax Adjust. 0.00 0.00 0.00 0.00
Total Working Capital amount 180.00 180.00 180.00 180.00
TL Outstanding amount 400.36 335.44 270.52 205.60
Written Down Value of Fixed Assets 530.43 465.77 409.67 360.95
E TL Disbursement & Installments

Amount Installment No of Inst Frequency TL Disb. Date
New TL 700.00 #DIV/0! Monthly
Existing TL1 0.00 #DIV/0! APR
* Max Rep Period 28 Qtr or 84 Months, MTL
Average Gross DSCR

Notice Board Security Margin Available
Repayment Years 2015-16 2016-17 2017-18 2018-19 2019-20
Gross DSCR 2.50 1.37 1.43 1.48 1.55
Notice Board (TL Disbursement)
Particulars 2015-16 2016-17 2017-18 2018-19 2019-20
APR 0.00 0.00 0.00 0.00
MAY 0.00 0.00 0.00 0.00
JUN 0.00 0.00 0.00 0.00
JUL 0.00 0.00 0.00 0.00
AUG 0.00 0.00 0.00 0.00
SEP 0.00 0.00 0.00 0.00 0.00
OCT 0.00 0.00 0.00 0.00 0.00
NOV 0.00 0.00 0.00 0.00 0.00
DEC 0.00 0.00 0.00 0.00 0.00
JAN 0.00 0.00 0.00 0.00 0.00
FEB 0.00 0.00 0.00 0.00 0.00
MAR 0.00 0.00 0.00 0.00 0.00
Total 0.00 0.00 0.00 0.00 0.00
Notice Board (Repayment Schedule ,In Lacs)

Particulars 2015-16 2016-17 2017-18 2018-19 2019-20
Balance 400.36 428.76 355.08 281.40 207.71
APR 9.85 9.13 8.41 7.69
MAY 9.94 9.19 8.45 7.71
JUN 9.73 9.01 8.29 7.57
JUL 9.81 9.07 8.33 7.58
AUG 9.75 9.01 8.26 7.52
SEP 9.55 8.83 8.11 7.39
OCT 0.00 9.63 8.88 8.14 7.40
NOV 0.00 9.43 8.71 7.99 7.27
DEC 5.41 9.50 8.76 8.02 7.27
JAN 5.41 9.44 8.70 7.95 7.21
FEB 5.41 9.00 8.32 7.65 6.98
MAR 5.41 9.32 8.57 7.83 7.09
Total Repayment in Yr 21.64 114.96 106.20 97.44 88.67
G INPUT FOR BREAK EVEN ANALYSIS

Years 2015-16 2016-17 2017-18 2018-19
Capacity utilisation
Weightage for fixed expenses (% Only) Fixed & semi-fixed expenses (% Only)
(i) Raw material&Cons.Spares 75.00% (i) Power, water and fuel 20.00%
(ii)Power, water and fuel 80.00% (ii)Direct Labour 45.00%
(iii)Direct Labour 55.00% (iii)Other mfg. Exp+ Repairs 40.00%
(iv)Other mfg. Exp.+ Repairs 60.00% (iv)Depreciation
(v)Selling and Gen Admn.exp. 50.00% (v) Selling and Admn.exp. 50.00%
(vi)Intt. on working capital 0.00% (vi)Intt. on TL,Deb. and DPG
Notice Board
Years 2015-16 2016-17 2017-18 2018-19
Break Even Ponit 191.24% 28.01% 25.95% 23.70%
Sensirtive Analysis 191.24% 28.01% 25.95% 23.70%
Input for Security
PRIMARY SECURITY :
CC(Stock)
CC(Book Debts)
Hyp/ Mortg/ Plg. etc
COLLATERALS:
Movable & Immovable Security
Charge
Holder Location Deed No.
Type
Liquid Securities
Type Holder Details
STDR
LIC
KVP
MF
Guarantee :
Name & Address Net Means (In Lac) Dt. of Opinion Report
Print Option
rrangement
Notice Board
Validity
Assets/Liabilities #REF!
SIP Stock #REF!
FG Stock #REF!
Depreciation in Asset Stat. #REF!
Profit/ Loss in Lib.Stat. #REF!
Fund Flow
Fund Flow Statements Deficit
Movement in TNW Increasing
TL Inst. Paid during the year
2015-16 21.64 Note:-
2016-17 114.96 Input TL Inst.in 23rd
2017-18 106.20 Row of Lib-Smt
2018-19 97.44 Input TL in B/S-TL Inst.
2019-20 88.67 In 46th Row of Lib-Smt
2020-21 80.04
2021-22 71.14
2019-20 2020-21 2021-22 2022-23 NA

PROJ PROJ PROJ PROJ
Year 5 Year 6 Year 7 Year 8
Parameters 2014-15
TOL/TNW (times) 2.08
Current Ratio 1.56
ROCE%(PBDIT/TTA) 9.59
PBDIT/Interest (times) 2.54
PAT/Operating
INV.+REC./SALESIncome -8.87
(DAYS) 12
Notice Board
CRA for the Unit SB6
Pricing for the unit SB3
This option will be flashed in Historical
se manual option then we need to input
ly or else CMA data will be used for
Industry Ratio
1.60
Industry Ratio
Data Not
Available
Data Not
Available
Data Not
Available
Data Not
Available
Data Not
Available
Data Not
Available
2016-17
2020-21 2021-22 2022-23 Notice

1 1 1 < or =12
Notice Board
ABF Method 180.00
Traditional Method #VALUE!
St. Holding Period 130.27
Nayak Committee 117.53
Assessment of BG limit:
(Amount In Lac)
utstanding BGs 0.00
dd: BGs required during year
ess : Estimated maturity/cancellation
equirements of BGs 0.00
ecommended BG limit 0.00
G if invoked any time
Input from CMA

C Interest to be applied
* As per CRA Rating SB3
( Please fill ROI after CRA exercise)
Notice Board
Average Gross DSCR 1.60
Security Margin Available Available
Input from CMA

2018-19 2019-20 2020-21 2021-22
Analysis Data)
2019-20 2020-21 2021-22 2022-23
670.68 702.94 #REF! #REF!
70.96 76.94 #REF! #REF!
388.84 420.38 #VALUE! #VALUE!
10.77 11.31 #REF! #REF!
24.13 26.54 #REF! #REF!
37.99 41.79 #REF! #REF!
42.34 36.83 #REF! #REF!
33.53 35.15 #REF! #REF!
0.00 0.00 #REF! #REF!
0.00 0.00 #REF! #REF!
180.00 180.00 #REF! 0.00
140.68 75.76 #REF! 0.00
318.61 281.78 #REF! 0.00
TL Disb. Date TL Repy Start Date

APR 2015-16
2015-16 APR 2015-16
2015-16 APR 2015-16
2015-16 APR 2015-16
2015-16 APR 2015-16
2015-16 APR 2015-16
28 Qtr or 84 Months, MTL
Notice Board
verage Gross DSCR 1.60
ecurity Margin Available Available
2020-21 2021-22 2022-23
1.61 0.00 0.00
2020-21 2021-22 2022-23

0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
2020-21 2021-22 2022-23

134.16 60.34 -10.62
6.97 6.25 5.53
6.96 6.22 5.49
6.85 6.13 0.00
6.84 6.09 0.00
6.78 6.03 0.00
6.67 5.95 0.00
6.65 5.91
6.59 5.83
6.53 5.78
6.47 5.72
6.40 5.63
6.34 5.60
80.04 71.14 11.02
2019-20 2020-21 2021-22 2022-23
d expenses (% Only)
Sensitive Analysis Input:-
(i)Increase inVariableCost 5.00%
(ii)Decrease In Sales 5.00%
2019-20 2020-21 2021-22 2022-23

21.64% 19.80% 0.00% 0.00%
21.64% 19.80% #REF! #REF!
Vlaue(In Lac)
Dt. Of
Deed Dt. Area Value Amt
Valuation
Details Value
. of Opinion Report Notice Board
0.00
Total Collateral Security
against Total Exposure 0.00%
0.00
against Total Exposure
0.00
against Total Exposure 0.00%
COST OF PROJECT & MEANS OF FINANCE
Base Year: 2015 / Non-Trading [Rs. in Lacs]
COST OF PROJECT
SL.NO. PARTICULARS EXISTING PROPOSED TOTAL
1 Land (Own) 20.00 20.00
2 Building & Auxiliary Structures 110.00 110.00
3 Machinery & Equipment 475.00 475.00
4 Furniture & Office Equipment 20.00 20.00
5 Laboratory Equipment 35.00 35.00
6 Fire Fighting Equipment 20.00 20.00
5 Working Capital 240.00 240.00
TOTAL 920.00 920.00
MEANS OF FINANCE
SL.NO. PARTICULARS EXISTING PROPOSED TOTAL
1 Share Capital 318.00 318.00
2 Term Loan From Bank 422.00 422.00
3 FBWC 180.00 180.00
TOTAL 920.00 920.00

CONSUMPTION OF RAW MATERIAL Day Month Year in MT
Raw material is PP & HIPS to manufacture main product. Product mix varies. For manufcture of Disposable Syringes 50400 Nos 1260000 15120000 112.8
Syringes, Rubber gaskets, Needle is required apart from plunger. Needles, Packing materials, Blood Bags 1000 Nos 25000 300000 62.4
printing ink, carton boxes are procured from third party manufacturers. Wastage is considered at IV Infusion Sets 10000 Sets 250000 3000000 46.8
5%. First year operation is only 3 months. Cathetrs 10000 Nos 250000 3000000 39.6
Raw material Required Price per MT (in Total RM Cost (Rs. Surgical Cotton 250 Kgs 6250 75000 131.25
Year
(MT) Rs.) in Lacs)
2015-16 38.10 88000.00 33.53 PP 152.4
27.30 91000.00 24.84
32.81 36000.00 11.81
Total 70.18
2016-17 160.02 90640.00 145.04 HIPS 109.2
114.66 93730.00 107.47
137.81 37080.00 51.10
Total 303.61
2017-18 168.02 93359.20 156.86 Cotton 131.25
120.39 96541.90 116.23
144.70 38192.40 55.27
Total 328.36
2018-19 176.42 96159.98 169.65
126.41 99438.16 125.70
151.94 39338.17 59.77
Total 355.12
2019-20 185.24 99044.78 183.47
132.73 102421.30 135.95
159.54 40518.32 64.64
Total 384.06
2020-21 194.51 102016.12 198.43
139.37 105493.94 147.03
167.51 41733.87 69.91
Total 415.36
2021-22 204.23 105076.60 214.60
146.34 108658.76 159.01
175.89 42985.88 75.61
Total 449.21
2022-23 214.44 108228.90 232.09
153.66 111918.52 171.97
184.68 44275.46 81.77
Total 485.83
POWER & FUEL
Power Rating of machinery is 90 HP. Power Cost considered per 1 Unit is Rs.5.50. Single shift
operation is taken into consideration. Increase of 5% is accounted for every year. Based on this,
yearly Power & Fuel consumption are estimated as follows:
Power & Fuel Cost/year
Year Amount in Lacs
(Rs.)
2015-16 295416.00 2.95
2016-17 930560.40 9.31
2017-18 977088.42 9.77
2018-19 1025942.84 10.26
2019-20 1077239.98 10.77
2020-21 1131101.98 11.31
2021-22 1187657.08 11.88
2022-23 1247039.94 12.47
SALARY & WAGES

Salary & Wages are based on Minimum Wages Act and as per the prevailing market rates.
Salary/Wage per Total Amount/ Total Amount/
Sr. No. Category Nos
Month(Rs) Month (Rs.) Year (Lacs)
1 Shift Superviser 2 8,000.00 16,000.00 0.64
2 Machine Operator 4 7,000.00 28,000.00 3.36
3 Asst. Operator 4 6,000.00 24,000.00 2.88
4 Semiskilled workers 12 4,000.00 48,000.00 5.76
5 Watchman 2 4,000.00 8,000.00 0.96
6 Computer Operator 2 5,000.00 10,000.00 1.20
7 Store keeper 2 7,000.00 14,000.00 1.68
TOTAL 28 41,000.00 148,000.00 16.48
10% increase is assumed as the personnel get yearly increment. Salary & Wages are as follows:
Year Amount in Lacs
2015-16 5.49
2016-17 18.13
2017-18 19.94
2018-19 21.93
2019-20 24.13
2020-21 26.54
2021-22 29.20
2022-23 32.11
STORES CONSUMABLES & SPARE

Stores consumables and Spares such as Lubricant and Coolent Oils and general spares are FIXED- NIL
estimated at Rs.1000/MT.
Raw material Required Cost of Stores &
Year
(MT) Spares (in Lacs)
2015-16 98.21 0.98
2016-17 412.49 4.12
2017-18 433.12 4.33
2018-19 454.77 4.55
2019-20 477.51 4.78
2020-21 501.39 5.01
2021-22 526.46 5.26
2022-23 552.78 5.53
REPAIRS & MAINTENANCE

Repair & Maintenace cost is taken @ 5% of Plant & Machinery and 2% on FIXED- 40%
Building per annum. 10% increase is computated for the forthcoming years.
Particulars
Year Rep&Maint. Cost
Machinery Cost (Lacs) Building Cost (Lacs) (Lacs)
2015-16 475.00 110.00 8.65
2016-17 475.00 110.00 28.55
2017-18 475.00 110.00 31.40
2018-19 475.00 110.00 34.54
2019-20 475.00 110.00 37.99
2020-21 475.00 110.00 41.79
2021-22 475.00 110.00 45.97
2022-23 475.00 110.00 50.57
SELLING & GENERAL ADMINISTRATIVE EXPENSES

Selling and General Administrative Expenses has been taken at 3% and 2% respectively on
Gross Sales
Selling Gen. Admin. Total Amount in
Year Gross Sales
Expenses Expenses Lacs
2015-16 173.29 5.20 3.47 8.66
2016-17 587.64 17.63 11.75 29.38
2017-18 610.85 18.33 12.22 30.54
2018-19 640.00 19.20 12.80 32.00
2019-20 670.68 20.12 13.41 33.53
2020-21 702.94 21.09 14.06 35.15
2021-22 736.85 22.11 14.74 36.84
2022-23 772.47 23.17 15.45 38.62
INTEREST
Interest on term Loan is given as per repayment schedule chart and working
capital interest on Cash credit is calculated assuming partial utilisation of
limit.
Interest on Cash Total Interest in
Year
Interest on Term Loan Credit Lacs
2015-16 46.53 7.80 54.33
2016-17 50.04 23.40 73.44
2017-18 41.28 23.40 64.68
2018-19 32.52 23.40 55.92
2019-20 23.75 23.40 47.15
2020-21 15.12 23.40 38.52
2021-22 6.22 38.52 44.74
2022-23 0.18 35.15 35.33
PROFIT & LOSS ACCOUNT
Base Year: 2016/Manufacturing [Rs. in Lacs]
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
SL. EST PROJ PROJ PROJ PROJ PROJ PROJ PROJ
PARTICULARS EXISTING
NO.
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8
Per Day
(A) INSTALLED CAPACITY (IN MT)
Capcity Utilisation % 60% 65% 70% 75% 80% 85% 85% 85%
Production for year
Disposable Syringes (Lakh Nos) 50.40 158.76 166.70 175.03 183.78 192.97 202.62 212.75
Blood Bags (Lakh Nos) 1.00 3.15 3.31 3.47 3.65 3.83 4.02 4.22
IV Infusion Sets (Lakh Sets) 10.00 2.63 2.76 2.89 3.04 3.19 3.35 3.52
Catheters (Lakh Nos) 10.00 2.63 2.76 2.89 3.04 3.19 3.35 3.52
Surgical Cotton (MT) 25.00 6.56 6.89 7.24 7.60 7.98 8.38 8.79
(B) SALES:
1. Sales including all misc. receipts 173.29 587.64 610.85 640.00 670.68 702.94 736.85 772.47
(Revenue from healthcare)
2. Other Job Work Income
TOTAL INCOME 173.29 587.64 610.85 640.00 670.68 702.94 736.85 772.47
(C ) COST OF PRODUCTION:
1. Raw Material Consumed 170.18 303.61 328.36 355.12 384.06 415.36 449.21 485.83
2. Power & Fuel 2.95 9.31 9.77 10.26 10.77 11.31 11.88 12.47
3. Direct Labour & Wages 5.49 18.13 19.94 21.93 24.13 26.54 29.20 32.11
4. Consumable Stores 0.98 4.12 4.33 4.55 4.78 5.01 5.26 5.53
5. Repair & Maintenance 8.65 28.55 31.40 34.54 37.99 41.79 45.97 50.57
6. Depreciation 74.57 64.66 56.10 48.72 42.34 36.83 32.07 27.96
TOTAL COST OF PRODUCTION 262.84 428.37 449.90 475.12 504.07 536.85 573.60 614.47
8. Add: Opening Stock in Process - - - - - - - -
Total 262.84 428.37 449.90 475.12 504.07 536.85 573.60 614.47
9. Less: Closing Stock in Process - - - - - - - -
Total 262.84 428.37 449.90 475.12 504.07 536.85 573.60 614.47
10. Add: Op. Stock of Finished Goods 223.41 228.47 239.95 253.40 268.84 286.32 305.92
Total 262.84 651.78 678.37 715.06 757.47 805.69 859.92 920.39
11. Less: Cl. Stock of Finished Goods 223.41 228.47 239.95 253.40 268.84 286.32 305.92 327.72
(D) COST OF SALES 39.43 423.32 438.42 461.67 488.63 519.37 554.00 592.67
(E) GROSS PROFIT (B - D) 133.86 164.32 172.43 178.33 182.05 183.58 182.85 179.80
(F) INTEREST
1. Term Loan 46.53 50.04 41.28 32.52 23.75 15.12 6.22 0.18
2. Working Capital 7.80 23.40 23.40 23.40 23.40 23.40 23.40 23.40
Total 54.33 73.44 64.68 55.92 47.15 38.52 29.62 23.58
Selling & General Adm. Expenses 8.66 29.38 30.54 32.00 33.53 35.15 36.84 38.62
Preliminary Expenses W/O. - - - - - - - -
(H) PROFIT BEFORE TAXATION
{E-(F+G)} 70.87 61.50 77.21 90.42 101.37 109.91 116.39 117.60
(I) Provision for Taxation 21.26 18.45 23.16 27.13 30.41 32.97 34.92 35.28
(J) NET PROFIT ( H - I) 49.61 43.05 54.05 63.29 70.96 76.93 81.47 82.32
(K) Depreciation Added Back 74.57 64.66 56.10 48.72 42.34 36.83 32.07 27.96
(L) Preliminary Expenses W/O. - - - - - - - -
(M) Net Cash Accruals (J+K+L) 124.18 107.71 110.15 112.01 113.30 113.77 113.55 110.28
(N) REPAYMENT OBLIGATION
1. Towards Term Loan (Principal ) 21.64 64.92 64.92 64.92 64.92 64.92 64.92 10.84
2. Towards Term Loan (Interest ) 46.53 50.04 41.28 32.52 23.75 15.12 6.22 0.18
(O) TOTAL REPAYMENT 68.17 114.96 106.20 97.44 88.67 80.04 71.14 11.02
(P) DEBT SERVICE RATIO (M/O) 1.82 0.94 1.04 1.15 1.28 1.42 1.60 10.01
AVERAGE DSCR 2.14
BALANCE SHEET
Base Year: 2016/Manufacturing
2015-16 2016-17 2017-18 2018-19
SL. EST PROJ PROJ PROJ
LIABILITIES EXISTING
NO.
(A) LIABILITIES
1 Share Capital 318.00 318.00 318.00 318.00
2 Reserves & Surplus 49.61 92.66 146.70 210.00
3 Term Loan
Bank 400.36 335.44 270.52 205.60
Unsecured - - - -
4 Bank Borrowing for Working Capital 180.00 180.00 180.00 180.00
5 Other Liabilities :
Creditors for Capital Items
Creditors for Goods & Services
6 Provision for Taxation 21.26 18.45 23.16 27.13
TOTAL LIABILITIES 969.23 944.55 938.39 940.72
(B) ASSETS
1 Fixed Assets
1. Gross Block 605.00 605.00 605.00 605.00
2. Depreciation 74.57 139.23 195.33 244.05
3. Net Block 530.43 465.77 409.67 360.95
2 Preliminary & Pre-Operative Expense - - - -
3 Other Non-Current Assets
4 Current Assets
1. Inventories 244.68 241.12 253.63 268.19
2. Advance Tax 21.26 18.45 23.16 27.13
5 Sundry Debtors 25.99 97.94 101.81 106.67
6 Other Current Assets
7 Cash & Bank Balance 146.86 121.27 150.12 177.78
8 Profit & Loss Account
TOTAL ASSETS 969.23 944.55 938.39 940.72
ALS
[Rs. in Lacs]
2019-20 2020-21 2021-22 2022-23
PROJ PROJ PROJ PROJ
318.00 318.00 318.00 318.00

280.96 357.89 439.36 521.68
140.68 75.76 10.84 -

- - - -
180.00 180.00 180.00 180.00
30.41 32.97 34.92 35.28

950.05 964.62 983.12 1,054.96
605.00 605.00 605.00 605.00

286.39 323.22 355.29 383.25
318.61 281.78 249.71 221.75
- - - -
284.84 303.63 324.64 347.96

30.41 32.97 34.92 35.28
111.78 117.16 122.81 128.75
204.40 229.08 251.05 321.23
950.05 964.61 983.11 1,054.95

SALE VALUE AND SALE REALISATION
2015-16 2016-17 2017-18 2018-19 2019-20
EST PROJ PROJ PROJ PROJ
Year 1 Year 2 Year 3 Year 4 Year 5
Production per year
Disposable Syringes (Lakh Nos) 50.40 158.76 166.70 175.03 183.78
Blood Bags (Lakh Nos) 1.00 3.15 3.31 3.47 3.65
IV Infusion Sets (Lakh Sets) 10.00 2.63 2.76 2.89 3.04
Catheters (Lakh Nos) 10.00 2.63 2.76 2.89 3.04
Surgical Cotton (MT) 25.00 6.56 6.89 7.24 7.60
Sales Value (in Rs.)
Disposable Syringes (1 Lakh Nos) 300000.00 300000.00 300000.00 300000.00 300000.00
Blood Bags (1000 Nos) 18000.00 18000.00 18000.00 18000.00 18000.00
IV Infusion Sets (1000 Sets) 10000.00 10000.00 10000.00 10000.00 10000.00
Catheters (1000 Nos) 12000.00 12000.00 12000.00 12000.00 12000.00
Surgical Cotton (1 MT) 30000.00 30000.00 30000.00 30000.00 30000.00
Total Sales Value 396.70 592.70 622.33 653.45 686.12
Opening Stock in process 0.00 0.00 0.00 0.00 0.00

Closing Stock in process 0.00 0.00 0.00 0.00 0.00
Opening Stock of Finished Goods 0.00 223.41 228.47 239.95 253.40

Closing Stock of Finished Goods 223.41 228.47 239.95 253.40 268.84
Gross Sales 173.29 587.64 610.85 640.00 670.68

LS
[Rs. in Lacs]
2020-21 2021-22 2022-23
PROJ PROJ PROJ
Year 6 Year 7 Year 8
192.97 202.62 212.75

3.83 4.02 4.22
3.19 3.35 3.52
3.19 3.35 3.52
7.98 8.38 8.79
300000.00 300000.00 300000.00

18000.00 18000.00 18000.00
10000.00 10000.00 10000.00
12000.00 12000.00 12000.00
30000.00 30000.00 30000.00
720.43 756.45 794.27
0.00 0.00 0.00

0.00 0.00 0.00 7200
268.84 286.32 305.92

286.32 305.92 327.72
702.94 736.85 772.47

CASH FLOW STATEMENT
SL. 2015-16 2016-17 2017-18 2018-19
NO. EST PROJ PROJ PROJ
(A) SOURCES OF FUND:
1 Cash Accruals (viz. Profit before 125.20 134.94 141.89 146.33

interest & taxation)
2 Increase in Capital 318.00 - - -
3 Depreciation 74.57 64.66 56.10 48.72
4 Increase in Long Term Loan 422.00
5 Increase in Deferred Payment -
6 Increase in Unsecured Loans
7 Increase in Bank Borrowing 180.00 - - -

for Working Capital
8 Sales of Fixed Assets -
9 Other : Creditors
10 Preliminary Exp. W/o. - - - -
TOTAL SOURCES 1,119.77 199.60 197.99 195.05
SL. 2015-16 2016-17 2017-18 2018-19

NO. EST PROJ PROJ PROJ
(B) DISPOSITION OF FUND:
1 Preliminary & Pre-Operative Exp. -

2 Increase in Capital Expenses 605.00
3 Increase in Other Non-Current
Assets - - - -
4 Increase in Current Assets
I. Inventories 244.68 (3.57) 12.51 14.56
II. Others - - - -
III. Debtors 25.99 71.95 3.87 4.86
5 Decrease in Long Term Loans 21.64 64.92 64.92 64.92

6 Decrease in Deferred Payment
7 Decrease in Unsecured Loans
8 Decrease in Creditors - - - -
9 Increase in Investment
10 Interest 54.33 73.44 64.68 55.92
11 Advance Tax 21.26 18.45 23.16 27.13
12 Profit & Loss Account (Loss) - - - -
TOTAL DISPOSITION 972.91 225.19 169.14 167.38
(C ) OPENING BALANCE - 146.86 121.27 150.12

(D) NET SURPLUS (A - B) 146.86 (25.59) 28.85 27.67
(E) CLOSING BALANCE 146.86 121.27 150.12 177.78
C.B. 146.86 121.27 150.12 177.78

- - - -
ICALS
[Rs. in Lacs]
2019-20 2020-21 2021-22 2022-23
PROJ PROJ PROJ PROJ
148.52 148.43 146.01 141.18
- - - -
42.34 36.83 32.07 27.96
- - - -
- - - -
190.86 185.26 178.08 169.14
[Rs. in Lacs]
2019-20 2020-21 2021-22 2022-23
PROJ PROJ PROJ PROJ
- - - -
16.65 18.79 21.01 23.32
- - - -
5.11 5.38 5.65 5.94
64.92 64.92 64.92 10.84
- - - -
47.15 38.52 29.62 23.58

30.41 32.97 34.92 35.28
- - - -
164.24 160.58 156.12 98.96
177.78 204.40 229.08 251.05

26.62 24.68 21.97 70.18
204.40 229.08 251.05 321.23
204.40 229.08 251.05 321.23

- -
ASSESSMENT OF WORKING CAPITAL REQUIREMENT
SL. 2015-16 2016-17 2017-18 2018-19 2019-20
NO. PARTICULARS EST PROJ PROJ PROJ PROJ
I CURRENT ASSETS:
Inventories
Raw Materials
A Imported
B Indigenous 21.27 12.65 13.68 14.80 16.00
(Month's Consumption) 0.5 M 0.5 M 0.5 M 0.5 M 0.5 M
Stock In Process - - - - -
Finished Goods 223.41 228.47 239.95 253.40 268.84

0.5 M 0.5 M 0.5 M 0.5 M 0.5 M
Receivables 25.99 97.94 101.81 106.67 111.78

0.5 M 0.5 M 0.5 M 0.5 M 0.5 M
Advance to Suppliers
Other Current Assets incl. Cash &

Bank
Advance Tax 21.26 18.45 23.16 27.13 30.41
TOTAL CURRENT ASSETS 291.94 357.51 378.60 401.98 427.03
SL. 2015-16 2016-17 2017-18 2018-19 2019-20

PARTICULARS
NO. EST PROJ PROJ PROJ PROJ
II CURRENT LIABILITIES:
1 Creditors
4 Statutory Liabilities - Income Tax 21.26 18.45 23.16 27.13 30.41
5 Other Currnet Liabilities (TL Inst.) 21.64 64.92 64.92 64.92 64.92
TOTAL CURRENT LIABILITIES 42.90 83.37 88.08 92.05 95.33

Working Capital Gap 249.04 274.14 290.52 309.94 331.70
Margin for Working Capital 69.04 94.14 110.52 129.94 151.70
Bank Borrowings 180.00 180.00 180.00 180.00 180.00

LS
EMENT
[Rs. in Lacs]
2020-21 2021-22 2022-23
PROJ PROJ PROJ
DON’T DELETE THIS

WORKING
17.31 18.72 20.24 21.27 6.38

0.5 M 0.5 M 0.5 M
- - - 3.7 -
286.32 305.92 327.72 223.41 67.03

0.5 M 0.5 M 0.5 M
117.16 122.81 128.75 15.56 7.78

0.5 M 0.5 M 0.5 M
81.20
32.97 34.92 35.28
453.76 482.36 511.98
2020-21 2021-22 2022-23

PROJ PROJ PROJ
32.97 34.92 35.28
64.92 64.92 10.84
97.89 99.84 46.12

355.87 382.52 465.86
175.87 202.52 285.86
180.00 180.00 180.00

METHOD OF LENDING
First Method of Lending
SL. 2015-16 2016-17 2017-18 2018-19 2019-20
PARTICULARS
1 Total Current Assets 291.94 357.51 378.60 401.98 427.03

2 Current Liabilities other than
bank borrowing 42.90 83.37 88.08 92.05 95.33
3 Working Capital Gap 249.04 274.14 290.52 309.94 331.70
4 Min. Stipulated Net Working Capital 62.26 68.53 72.63 77.48 82.93
5 Actual / Projected NWC 69.04 94.14 110.52 129.94 151.70
6 Item (3) minus Item (4) 186.78 205.60 217.89 232.45 248.78
7 Item (3) minus Item (5) 180.00 180.00 180.00 180.00 180.00
8 Maximum Permissible Bank Finance 180.00 180.00 180.00 180.00 180.00
Second Method of Lending

(Amount in Lacs)
SL. 2015-16 2016-17 2017-18 2018-19 2019-20
PARTICULARS
1 Total Current Assets 291.94 357.51 378.60 401.98 427.03

2 Current Liabilities other than
bank borrowing 42.90 83.37 88.08 92.05 95.33
3 Working Capital Gap 249.04 274.14 290.52 309.94 331.70
4 Min. Stipulated Net Working Capital 72.98 89.38 94.65 100.50 106.76
5 Actual / Projected NWC 69.04 94.14 110.52 129.94 151.70
6 Item (3) minus Item (4) 176.05 184.76 195.87 209.44 224.94
7 Item (3) minus Item (5) 180.00 180.00 180.00 180.00 180.00
8 Maximum Permissible Bank Finance 176.05 180.00 180.00 180.00 180.00

[Rs. in Lacs]
2020-21 2021-22 2022-23
PROJ PROJ PROJ
453.76 482.36 511.98
97.89 99.84 46.12

355.87 382.52 465.86
88.97 95.63 116.47
175.87 202.52 285.86
266.90 286.89 349.40
180.00 180.00 180.00
180.00 180.00 180.00
(Amount in Lacs)
2020-21 2021-22 2022-23
PROJ PROJ PROJ
453.76 482.36 511.98
97.89 99.84 46.12

355.87 382.52 465.86
113.44 120.59 128.00
175.87 202.52 285.86
242.43 261.93 337.87
180.00 180.00 180.00
180.00 180.00 180.00

DEBT SERVICE COVERAGE RATIO
PROFITABILITY ESTIMATION 2015-16 2016-17 2017-18 2018-19 2019-20
Amt. of Accruals used for MARGIN
Capacity Utilisation 60% 65% 70% 75% 80%
Net Sales 173.29 587.64 610.85 640.00 670.68
Cost of Raw Materials[+consumables] 171.17 307.74 332.69 359.67 388.84
Power & Fuel 2.95 9.31 9.77 10.26 10.77
Direct Labour 5.49 18.13 19.94 21.93 24.13
Depreciation 74.57 64.66 56.10 48.72 42.34
Repair & Maintenance 8.65 28.55 31.40 34.54 37.99
Op.stock of SFG+FG - 223.41 228.47 239.95 253.40
Closing stock of SFG+FG 223.41 228.47 239.95 253.40 268.84
Cost of Production 39.43 423.32 438.42 461.67 488.63
Selling, General & Administrative Exp. 8.66 29.38 30.54 32.00 33.53
Total Expenses 48.09 452.70 468.96 493.67 522.16
Operating Profit/Loss 125.20 134.94 141.89 146.33 148.52
Interest 54.33 73.44 64.68 55.92 47.15
Net of Non-Operating Income/Expenses
Expenses Ammortised [Misc.Exp.Written Off]
Profit before tax [PBT] 70.87 61.50 77.21 90.42 101.37
Income Tax 21.26 18.45 23.16 27.13 30.41
Profit after Tax [Net Profit] 49.61 43.05 54.05 63.29 70.96
Divedend paid / payable
Retained Profit 49.61 43.05 54.05 63.29 70.96
Cash Accruals 124.18 107.71 110.15 112.01 113.30

Less: Amt. of accruals used for margin
NET CASH ACCRUALS 124.18 107.71 110.15 112.01 113.30
DEBT SERVICE COVERAGE RATIO [NET]

2015-16 2016-17 2017-18 2018-19 2019-20
Net Profit [Profit after Tax] 49.61 43.05 54.05 63.29 70.96
Add Depreciation 74.57 64.66 56.10 48.72 42.34
Add Intangible Assets written off
Cash Accruals [A] 124.18 107.71 110.15 112.01 113.30
T.L. Repayment obligation[B] 21.64 64.92 64.92 64.92 64.92
Existing
Proposed 21.64 64.92 64.92 64.92 64.92
DSCR [A/B] 5.74 1.66 1.7 1.73 1.75
AVERAGE DSCR [NET] 2.14
DEBT SERVICE COVERAGE RATIO
[GROSS]
2015-16 2016-17 2017-18 2018-19 2019-20
Cash Accruals 124.18 107.71 110.15 112.01 113.30
Interest on Term Loan 46.53 50.04 41.28 32.52 23.75
Existing
Proposed 46.53 50.04 41.28 32.52 23.75
[A] Total 170.71 157.75 151.43 144.53 137.05
T.L. Repayment obligations 21.64 64.92 64.92 64.92 64.92
Existing
Proposed 21.64 64.92 64.92 64.92 64.92
Interest on Term Loan 46.53 50.04 41.28 32.52 23.75
Existing
Proposed 46.53 50.04 41.28 32.52 23.75
[B] Total 68.17 114.96 106.20 97.44 88.67
DSGCR [A/B] 0 1.37 1.43 1.48 1.55
AVERAGE DSCR[GROSS] 1.76
S
[Rs. in Lacs]
2020-21 2021-22 2022-23
85% 85% 85%

702.94 736.85 772.47
420.38 454.48 491.35
11.31 11.88 12.47
26.54 29.20 32.11
36.83 32.07 27.96
41.79 45.97 50.57
268.84 286.32 305.92
286.32 305.92 327.72
519.37 554.00 592.67
35.15 36.84 38.62
554.52 590.84 631.29
148.43 146.01 141.18
38.52 29.62 23.58
109.91 116.39 117.60

32.97 34.92 35.28
76.93 81.47 82.32
76.93 81.47 82.32
113.77 113.55 110.28
113.77 113.55 110.28
2020-21 2021-22 2022-23

76.93 81.47 82.32
36.83 32.07 27.96
113.77 113.55 110.28

64.92 64.92 10.84
64.92 64.92 10.84

1.75 1.75 10.17
4
2020-21 2021-22 2022-23
113.77 113.55 110.28
15.12 6.22 0.18
15.12 6.22 0.18

128.89 119.77 110.46
64.92 64.92 10.84
64.92 64.92 10.84

15.12 6.22 0.18
15.12 6.22 0.18

80.04 71.14 11.02
1.61 1.68 10.02
6
M/S BHARAT LIFE CARE HOSPITAL
RATIO ANALYSIS
Base Year: 2015 / Non-Trading (Amount in Lacs)
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
TYPE OF RATIO
EST PROJ PROJ PROJ PROJ PROJ
1. Current Ratio 1.97 1.82 1.97 2.13 2.29 2.46
2. Debt-Equity Ratio 1.87 1.33 0.86 0.56 0.33 0.17
3. Funded Debt : Net Worth
4. Gross Profit/Net Sales (%) 4.94% 23.80% 27.14% 27.95% 29.07% 30.28%
5. Net Profit/Net Worth (%) -22.02% 10.34% 12.80% 11.77% 13.25% 14.87%
6. Interest/Cost of Production 17.23% 11.42% 9.72% 7.73% 5.72% 3.72%
7. Credit on Purchases (days) Nil Nil Nil Nil Nil Nil
8. Receivables (.......days sales) 0.00 0.00 0.00 0.00 0.00 0.00
9. Stock of Raw Materials (day's 12.50 12.50 12.50 12.50 12.50 12.50
consumption)
10. Stock of Work-in-process 0.00 0.00 0.00 0.00 0.00 0.00
(day's cost of production)
11. Finished Goods (day's cost) 566.67 161.91 164.19 164.66 165.06 165.39
12. Debt Service Coverage 1.82 0.94 1.04 1.15 1.28 1.42
ASSESSMENT OF WORKING CAPITAL REQUIREMENT
FORM II : OPERATING STATEMENT
Form II : Sheet 1 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
1 GROSS SALES Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
Domestic sales (Income from
i. Healthcare Services) 173.29 587.64 610.85 640.00 670.68 702.94
ii. Export sales 0.00 0.00 0.00 0.00 0.00 0.00
Add other revenue income/jobwork 0.00 0.00 0.00 0.00 0.00 0.00
Total 173.29 587.64 610.85 640.00 670.68 702.94

2 Less excise duty
Deduct other items
3 Net Sales ( item 1 - item 2 ) 173.29 587.64 610.85 640.00 670.68 702.94
4 % age rise (+) or fall (-) in net 239.11% 3.95% 4.77% 4.79% 4.81%
sales compared to previous
year (annualised)
5 Cost of Sales
i.) Raw materials (including 170.18 303.61 328.36 355.12 384.06 415.36
stores and other items used
in the process of manufacture)
(a) Indigenous 170.18 303.61 328.36 355.12 384.06 415.36
(b) Imported
ii) Other spares 0.98 4.12 4.33 4.55 4.78 5.01
(a) Indigenous 0.98 4.12 4.33 4.55 4.78 5.01
(b) Imported
iii) Power and fuel 2.95 9.31 9.77 10.26 10.77 11.31
iv) Direct labour 5.49 18.13 19.94 21.93 24.13 26.54
(Factory wages & salary)
v) Other mfg. Expenses+ repairs 8.65 28.55 31.40 34.54 37.99 41.79
vi) Depreciation 74.57 64.66 56.10 48.72 42.34 36.83
vii) SUB TOTAL (I TO VI) 262.84 428.37 449.90 475.12 504.07 536.85
viii) ADD: Opening stocks-in-
Process
Sub-total 262.84 428.37 449.90 475.12 504.07 536.85
Form II : Sheet 2 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
ix) Deduct : Closing stocks-in-
process
x) Cost of Production 262.84 428.37 449.90 475.12 504.07 536.85
xi) Add : Opening stock of
finished goods 0.00 223.41 228.47 239.95 253.40 268.84
SUB-TOTAL 262.84 651.78 678.37 715.07 757.47 805.69
xii) Deduct closing stock of
finished goods 223.41 228.47 239.95 253.40 268.84 286.32
xiii) Total Cost of Sales 39.43 423.31 438.42 461.67 488.63 519.37
6 Selling general and administrtive

expenses 8.66 29.38 30.54 32.00 33.53 35.15
7 SUB-TOTAL (5+6) 48.09 452.70 468.96 493.67 522.16 554.51
8 Operating profit before interest 125.20 134.95 141.89 146.33 148.52 148.43
( 3-7 )
9 Interest 54.33 73.44 64.68 55.92 47.15 38.52
10 Operating profit after interest 70.86 61.51 77.21 90.42 101.37 109.91
( 8-9 )
11 (i) Add other non-operating income
(a)Income from Investments
(b)Profit on sale of F.A.
(c)Deferred tax
(d) Other Income
Sub-total ( income ) 0.00 0.00 0.00 0.00 0.00 0.00
(ii) Deduct other non-operating expenses
(a)P&P expense including
all book entries written off
(b) Goodwill w/o
(c) Loss on Assets/R & D Exp.
(d)Depreciation Short Provided
Sub-total ( expenses ) 0.00 0.00 0.00 0.00 0.00 0.00
(iii) Net of other non-operating 0.00 0.00 0.00 0.00 0.00 0.00
income/expenses
12 Profit before tax/loss[10+11(iii)] 70.86 61.51 77.21 90.42 101.37 109.91
13 Provision for taxes 21.26 18.45 23.16 27.13 30.41 32.97
14 Prior Years Tax Adjustment(If any)
15 Net profit/loss ( 12-13 ) 49.60 43.06 54.05 63.29 70.96 76.94
16 (a) Equity dividend paid-amt
(Already paid+ B.S. provision)
(b) Dividend Rate
17 Retained profit ( 14-15 ) 49.60 43.06 54.05 63.29 70.96 76.94
18 Retained profit/Net profit (% age) 100.00 100.00 100.00 100.00 100.00 100.00
19 Cash Accruals 124.17 107.71 110.15 112.01 113.30 113.77
OPERATING COST 2015-16 2016-17 2017-18 2018-19

Wages & Salaries 5.49 18.13 19.94 21.93
Other Mfg.Exp.(Repair&Maintenance) 8.65 28.55 31.40 34.54
Power & Fuel 2.95 9.31 9.77 10.26
Advertising 1.73 5.88 6.11 6.40
Mktg. & Distribution 6.93 23.51 24.43 25.60
TOTAL 25.76 85.36 91.65 98.73
FORM III : ANALYSIS OF BALANCE SHEET
Form III : Sheet 1 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
EST PROJ PROJ PROJ PROJ PROJ PROJ PROJ
CURRENT LIABILITIES Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8
(i.) From applicant banks 180.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00
(ii.) From other banks 0.00 0.00 0.00 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 0.00 0.00 0.00
SUB TOTAL 180.00 180.00 180.00 180.00 180.00 180.00 180.00 180.00
2 Short term borrowings from
others/ sundry creditors for others
3 Sundry Creditors (Trade)
4 Advance payments from custo-

mers/deposits from dealers
5 Provision for taxes 21.26 18.45 23.16 27.13 30.41 32.97 34.92 35.28
6 Dividend payable
7 Other statutory liabilities

(due within one year)
8 Deposits/instalments of term 21.64 64.92 64.92 64.92 64.92 64.92 64.92 10.84
loans/DPGs/Debentures,etc.
(due within one year)
9 Other current liabilities &

provisions(due within 1 Yr)
(specify major items)
(i)Unclaimed deposits
(ii)Intt. Due on Dep./Sec.Dep.
(iii)Sundry Creditors (Cap)
(iv)Unclaimed div+Intt Acc+Oth Lib
SUB-TOTAL (B) 42.90 83.37 88.08 92.05 95.33 97.89 99.84 46.12
TOTAL CURRENT LIABILITIES 222.90 263.37 268.08 272.05 275.33 277.89 279.84 226.12
Form III : Sheet 2 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
TERM LIABILITIES EST PROJ PROJ PROJ PROJ PROJ PROJ PROJ
11 Debentures (not maturing
within one year)
12 Preference shares
(redeemable after one year)
13 Term loans(excluding instalment) 400.36 335.44 270.52 205.60 140.68 75.76 10.84 0.00
payable within one year)
14 Deferred Payment Credits

(excluding instalments due
within one year)
15 Share application money
16 Other term liabilities/unsecured
loan(DTL)
17 TOTAL TERM LIABILITIES 400.36 335.44 270.52 205.60 140.68 75.76 10.84 0.00
18 TOTAL OUTSIDE LIABILITIES 623.26 598.81 538.60 477.65 416.01 353.65 290.68 226.12
NET WORTH
19 Ordinary share capital 318.00 318.00 318.00 318.00 318.00 318.00 318.00 318.00
20 General reserve 49.61 92.66 146.70 210.00 280.96 357.89 439.36 521.68
21 Revaluation reserve
22 Other reserve (excluding

provisions)
23 Surplus (+) or deficit (-) in

Profit & Loss Account
23a Others Specify:
(i)Unsecured Loan ( Int Free )
(ii)Debentures Forfeiture A/C
(iii)Debentures Premium A/C
(iv)Deferred Tax Liabilities
(v)Drawings
24 NET WORTH 367.61 410.66 464.70 528.00 598.96 675.89 757.36 839.68
25 TOTAL LIABILITIES 990.87 1009.47 1003.31 1005.64 1014.97 1029.54 1048.04 1065.80
FORM III : ANALYSIS OF BALANCE SHEET
Form III : Sheet 3 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
CURRENT ASSETS Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
26 Cash and bank balances 146.86 121.27 150.12 177.78 204.40 229.07
27 Investment (other than long 0.00 0.00 0.00 0.00 0.00 0.00
term investment)
(i) Government /B S E B & TEL
Trustee Securities
(ii) Fixed Deposits with Banks
28 (i) Receivables other than 25.99 97.94 101.81 106.67 111.78 117.16
deferred & exports (include
bills purchased and
discounted by Banks)
(ii) Export receivables(include
bills purchased and
discounted by banks)
29 Instalments of deferred
receivables(due with in one yr.)
30 Inventory: 244.68 241.12 253.63 268.19 284.84 303.63
(i)Raw materials(including stores 21.27 12.65 13.68 14.80 16.00 17.31
& other items used in the
process of manufacture)
(a) Indigenous 21.27 12.65 13.68 14.80 16.00 17.31
(b) Imported
(ii) Stock-In-Process 0.00 0.00 0.00 0.00 0.00 0.00
(iii) Finished goods 223.41 228.47 239.95 253.40 268.84 286.32
(iv) Other Consumable Spares 0.00 0.00 0.00 0.00 0.00 0.00
(a) Indigenous
(b) Imported
31 Advance to suppliers of raw
materials & stores and spares
32 Advance payment of taxes 21.26 18.45 23.16 27.13 30.41 32.97
33 Other Current assets
(Specify major items)
(i) Dealership Deposit 0.00 0.00 0.00 0.00 0.00 0.00
(ii)Rent Advance 0.00 0.00 0.00 0.00 0.00 0.00
(iii)Dividend 0.00 0.00 0.00 0.00 0.00 0.00
(iv) other misc expenses not w/o 0.00 0.00 0.00 0.00 0.00 0.00
34 TOTAL CURRENT ASSETS 438.80 478.78 528.72 579.77 631.43 682.83
Form III : Sheet 4 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
FIXED ASSETS EST PROJ PROJ PROJ PROJ PROJ
35 Gross Block(Land & Building 605.00 605.00 605.00 605.00 605.00 605.00
machinery, work-in-process)
36 Depreciation to date 74.57 139.23 195.33 244.05 286.39 323.22
37 NET BLOCK 530.43 465.77 409.67 360.95 318.61 281.78
OTHER NON-CURRENT ASSETS

38 Investment/bookdebts/advances/ 21.64 64.92 64.92 64.92 64.92 64.92
deposits which are not current
assets
(i) a) Investment in subsidiary
Co./affiliates
b) Others 21.64 64.92 64.92 64.92 64.92 64.92
(ii) Advances to suppliers of
capital goods & contractors
(iii)Deferred receivables (maturity
exceeding one year)
(iv)Others: (a)Debtors> 6 months
(b) Sec.Deposits/ insurance
(c)advance to Others
39 Non-consumables stores &

spares
40 Other non-current assets incl-
uding dues from Directors
41 TOTAL OTHER NON-CURR. ASSET 21.64 64.92 64.92 64.92 64.92 64.92
42 Intangible assets (patents,
goodwill, prelim.expenses, bad/
doubtful exp.not provided for etc)
43 TOTAL ASSETS(34+37+41+42) 990.87 1009.47 1003.31 1005.64 1014.97 1029.53
TTA 990.87 1009.47 1003.31 1005.64 1014.97 1029.53
Investment in Associates 0.00 0.00 0.00 0.00 0.00 0.00
44 NET WORKING CAPITAL 215.90 215.41 260.63 307.72 356.10 404.94

CURRENT RATIO 1.97 1.82 1.97 2.13 2.29 2.46
TNW 367.61 410.66 464.70 528.00 598.96 675.89
TOL/TNW 1.70 1.46 1.16 0.90 0.69 0.52
Total Liabilities (Easy Reference) 990.87 1009.47 1003.31 1005.64 1014.97 1029.54
Difference [TA-TL] 0.00 0.00 0.00 0.00 0.00 -0.01
CRA NON-TRADING SECTOR: SIMPLIFIED MODEL New CC+TL
Name of the Company M/S SAMRAJYALAKSHMI SURGICALS Base Year: 2016/Manufacturing
(A) Financial Risk (Total Marks = 35 )
I) TOL/ TNW (25 marks) Company' total score 25 out of 25
Ratio Full Compan Company' Company's
Marks Weight
Band Marks y's Ratio s Score Marks
(a) Latest Ratio <=3.50 8
<=4.00 7
<=4.50 6
<=5.00 5
2.5 20 1.46 8 20
<=6.00 4
<=8.00 2
<=10.00 1
>10.00 0
(b) Average of Company’s last 3 years’
Compare
3 years’ Company to last 3
Full Company' Company's
average ’s latest Marks Weight
years’ Marks s Score Marks
(a) ratio(b)
average
(b) <(a) 2
(b) =(a)
or {(a) 1
1.44 1.46 +0.25} 2.5 5 2 5
(b)>{ (a)+
0
0.25}
II) Current Ratio (20 marks) Company' total score 20 out of 20
(a) Latest Ratio Marks Weight
>=1.25 8
>=1.20 7
>=1.15 6
>=1.10 5
2 16 1.82 8 16
>=1.05 4
>=1.00 2
>=0.90 1
<0.90 0
Compare
(a) ratio(b)
average
(b) >(a) 2
(b) =(a) or
1
1.92 1.82 { (a) -0.03} 2 4 2 4
1.92 1.82 2 4 2 4
(b)< {(a)-
0
0.03}
III) ROCE% (20 marks) Company' total score 20 out of 20
>=8.00 8
>=7.00 7
>=6.00 6
>=5.50 5
2 16 19.77 8 16
>=5.00 4
>=4.50 2
>=4.00 1
<4.00 0
Compare
(a) ratio(b)
average
(b) >(a) 2
(b) =(a) or
{(a)- 1
19.89 19.77 0.25%} 2 4 2 4
(b)<{ (a)-
0
0.25%}
IV) PBDIT/ Intt.(15 marks) Company' total score 9 out of 15
>=3.00 8
>=2.75 7
>=2.50 6
>=2.25 5
1.5 12 2.72 6 9
>=2.00 4
>=1.50 2
>=1.00 1
<1.00 0
Compare
(a) ratio(b)
average
(b) >(a) 2
(b) =(a) or
1
3.15 2.72 {(a)-0.25} 1.5 3 0 0
(b)<{ (a)-
0
0.25}
V) PAT/Op. Income% (10 marks) Company' total score 10 out of 10
Marks Weight
(a) Latest Ratio >=5.50 8
>=5.00 7
>=4.50 6
>=4.00 5
1 8 7.33 8 8
>=3.50 4
>=3.00 2
>=2.00 1
<2.00 0
Compare
(a) ratio(b)
average
(b) >(a) 2
(b) =(a) or
{(a)- 1
14.93 7.33 0.50%} 1 2 2 2
(b)< {(a)-
0
0.50%}
VI) DSCR/ Inventory (20 Marks) Company' total score 8 out of 20
(A) Gross Average DSCR for All Loans(TL Only) 16 40
Marks Weight
>= 2.00 10
>= 1.98 9
>= 1.95 8
>= 1.92 7
>= 1.90 6
>= 1.88 5 2 20 1.60 0 0
>= 1.85 4
>= 1.80 3
>= 1.78 2
>= 1.75 1
<1.75 0
(B) Inventory / Net Sales+ Receivables/Gross Sales} x 365 (Days’ )
<=60 8
<=90 7
<=120 6
<=150 5 2 16 18 8 16
2 16 18 8 16
<=180 4
<=200 2
>200 0
Compare
(a) ratio(b)
average
(b) <(a) 2
(b) =(a) or
1
27.59 156 {(a) + 15} 2 4 0 0
(b)> {(a)
0
+15}
Group Risk (Maximum Weighted Score: 5)(If Not Applicable must Choose "NA" option, not "0" Marks)
(vii)
Company's total score Score 0 out of 0
Company’ Company's
Value Statements Weight
s score Marks
No negative impact on the financials /reputation of
the borrowing company on account of activities of
1 8 to 10
associate/ sister/ Group company (zero to
insignificant impact).
Slight negative impact /minimal risk -can be

contained/ mitigated (negative impact likely to be
2 5 to 7
contained within 5% of the borrowing company’s
TNW).
Substantial impact on Financials and/or reputation 0.5 NA 0
on account of any Group Company (negative
3 2 to 4
impact likely to be spill over to within 10% of the
borrowing company’s TNW). .
Heavy impact on Financials and/or reputation on

account of any Group Company/fate of borrowing
4 company is sealed (negative impact likely to spill 0
over to 20% or more of the borrowing company’s
TNW). .
Forex Risk (Maximum Weighted Score: 5)(If Not Applicable must Choose "NA" option, not "0" Marks)
(viii)
Company's total score Score 0 out of 0
S. Company’ Company's
Value Statements Wt.
No. s score Marks
Natural/ Full hedging of forex risk; loss /anticipated
1 8 to 10
loss is NIL/minimum .
Loss mitigation to the extent of 75% of unhedged
2 5 to 7
forex risk
0.5 NA 0
Loss on account of unhedged forex risk mitigated
3 2 to 4
to the extent of 50%.
4 No risk mitigation of unhedged forex risk 0
IX) Future Prospects (FP) (20 marks) Company's total score 18 out of 20
Negative Company's
Last Year's Latest year Next Year Score Under Score Score X Company's
Ratios Projection Actuals Projection FP (A)
Variance(
Under FP 2(Weight)
B) Marks
{(A)-(B)}
TOL/ TNW 2.08 1.46 0.52 2 0 2 4

ROCE 9.59 19.77 18.00 2 0 2 4
PBDIT/ Intt 2.54 2.72 4.81 2 0 2 4
PAT/ 18
Operating -8.87 7.33 10.95 2 1 1 2
Income
Current Ratio 1.56 1.82 2.46 2 0 2 4
Table - II
Future prospects( Latest Vs
Negative Variance( Last year Prjected Vs Latest) (B)
Projected) (A)
Ratios 6% to 11% to
21% to
Better (2 At Par (1 Worse (0 0% to 5% 20%(o.5 >30%(1.0
10%(0.2 30%(0.8
marks) marks) marks) ( 0 marks) marks) marka)
marks) marka)
TOL/ TNW 2 0
ROCE 2 0
PBDIT/ Intt 2 0
PAT/
Operating 2 1
Profit
Current Ratio 2 0
Total Score of the Company under FR is 110 out of 130

Total Score Normalised Under FR normalised to 35 = 29.62
Less Qualitative factors (-ve)
Qualitative Factors ( -ve) (-10 marks)
Amount Effect on
Probabi
Amt. as per assesse TNW of
lity of Negative
Details Balance d to be the unit to
invocati Marks
Sheet at be graded
on
default as under:
A. Contingent Liabilities (A) (B) (C) (D) (E)
a) Claims against disputed tax
0.00 0.00% 0.00 If total 0
liabilities/Excise Duties
amount
(b) Claims against the Company not under (c) is
0.00 0.00% 0.00
acknowledged as debts.
( c ) Pending legal issues like suit filed
> 10% of
against the Company and the financial 0.00 0.00% 0.00
TNW = 10
impact on the borrowing company.
(d) Notices issued by Regulatory authorities
> 8% of
like Income Tax & Sales Tax for realisation 0.00 0.00% 0.00
TNW = 8
of dues
(e) Lock out/strike/unrest in the factory in the > 6% of
0.00 0.00% 0.00 0
last two years and its financial impact TNW = 6
(f) Corporate guarantees given with or > 4% of
0.00 0.00% 0.00
without Bank’s permission /approval TNW = 4
B. Auditors qualifying remarks having > 2% of
0.00 0.00% 0.00
impact on financials/profitability TNW = 2
C. Accounting policies <= 2% of
(i) valuation of inventory 0.00 0.00% 0.00 TNW = 0
(ii) capitalization, 0.00 0.00% 0.00
(iii) depreciation and 0.00 0.00% 0.00 TNW=
(iv) revaluation 0.00 0.00% 0.00 410.66
D. Any other factor 0.00 0.00% 0.00
Total Amount at Default in Column (c) 0.00
Total Score under Financial Risk 30
( B) Business Risk(BR) ( Total Mrks = 40 )

(i) Competition & Market Risk
Value Statement Score Value
(i) The goods traded in are of monopolistic or oligopolistic character/have 8
an exclusive market or brand equity.
(ii) The trading company/firm/proprietor is one of the few dealing in the 6 to 7
commodities that are dealt in. Company/Firm deals in goods which
have a ready or steady market. No significant competition for the goods
traded by the firm.
(iii) Company/Firm deals in goods in which by and large supply exceeds 4 to 5

demand but opportunities exist for the Company/Firm to sell its goods.
The product in which company/firm deals in are reasonably well
received.
4
(iv) The Company/Firm deals in products for which supply exceeds 2 to 3
demand. The company/firm deals in goods whose market share is
declining. The Company/Firm deals in goods, which are not popular
brands.
(v) The company/firm finds it difficult to achieve the targeted sales. As a 0 to 1
trader, the company/firm deals in goods whose market share is not
significant/ The company deals in brands most of which are out of date
or are already past the current trends. The company/firm deals in
goods which are produced by insignificant players.
(ii) Outlook / Cyclicality

Value statement Score Value
(i) Long term prospects of the goods traded in are excellent/ fairly stable
cyclicality. 6
(ii) Long term outlook of the products traded in is stable/Modest industry
cyclicality. 4 to 5
(iii) Long term outlook stable but there are critical factors/Cycle of the
products traded in is on the upswing. 3
(iv) Manufacturing Cycle of majority of the goods traded in is on the

downswing/the goods traded in are susceptible to unfavourable 1 to 2
changes in the economy, high degree of cyclicality.
(v) Long term outlook for majority of the goods traded in is uncertain/goods
traded in belong to industries in the startup or declining phase. 0
(iii) Technology
(i) The technology used by the trading firm is appropriate & adequate to
accelerate/promote its business. 2
(ii) The technology used by the firm takes care of its requirements to a
great extent. 1
(iii) The technology used by the firm takes care of its requirements to some
0.5
extant.
(iv) The company is not at all technology-savy/use of technology non-
existant. 0
(iv) Business Environment (BE)

(Factors that affect inter-jurisdictional commerce in products / goods & services, including
business agreements that have an impact on the Trade & Commerce)
(i) The business environment in which the unit operates, is excellent. 2
(ii) The business environment is very good. 1.5
(iii) The business environment is good. 1 1
(iv) The business environment is satisfactory. 0.5
(v) The business environment is unsatisfactory. 0
(v) Regulatory Risk
(i) Business operations remain unaffected by regulatory framework. 2
(ii) The industry enjoys a favourable regulatory environment/ effect of
regulatory risk can be contained. 1.5
(iii) The industry faces a moderate regulatory environment. 1 1
(iv) Delicately balanced; business operations can be affected if immediate 0.5
steps are not taken in.
(v) The regulatory environment is very stiff/ the company are unable to 0
cope with the labour /regulatory/legal scenario.
Total Score of the Company under BR is 6 out of 20
Total Score Normalised Under BR normalised to 40 = 12
( C ) Management Risk (MR) ( Total Marks = 25 )
(i) Integrity
Value Statements Score Value
(i) The integrity and character of the Management is beyond reproach. No 4
fraudulent deals/transactions. No unsatisfactory feature of the unit has
come to light.
(ii) The management is having good reputation about integrity in the 3
market/the management is reportedly reliable/there are apparently no
adverse reports about the integrity of the management or promoters/
features revealed by reports on conduct of account/stock audit/spot
audit/ periodic inspection reports do not go against the integrity of the
company/inspectors remarks do not indicate doubtful integrity.
3
(iii) There could be some rumours of adverse features but these are not 2
fully substantiated and hence may/may not be reckoned depending
upon the seriousness of such features.
(iv) Features revealed by reports on conduct of account/stock audit/spot 0
audit/ periodic inspection reports go against the integrity of the
company/ the company is a defaulter under RBI’s wilful defaulters’
list /could be dubious/history indicates antecedents of being involved in
civil/criminal suits and questionable deals.
(ii) Track Record & Conduct of Account

(i) Maintains financial discipline, absolutely no irregularity in the 4
account/the account has never been rendered irregular during the past
one year.
(ii) On a few occasions, repayment of loans is delayed/the Management 3
tries to set things right in case of lapses/account has been rendered
irregular 3 – 4 times during the year but has been regularized within a
month of the occurrence of this irregularity.
(iii) The conduct of account is satisfactory/repayments delayed but the 2 3
account continues to be a standard asset/compliance of sanction terms
with a delay of 30 days but without follow-up.
(iv) Accounts maintained mostly irregular but remain standard/ loans 1
rescheduled but still running irregular/instances of bills being returned
amount to more than 25% of total bills.
(v) Accounts are rendered frequently irregular. Diversion of funds by 0
routing of sale proceeds through other banks on record.
(iii) Expertise / Managerial Competence & Commitment

(i) Qualified management team. Although the team may not be very 3
qualified, it has an excellent understanding of the trade / high level of
competence and commitment.
(ii) The company is not professionally managed but the owners have the 2
requisite competence/expertise/commitment.
3
(iii) The management is having relatively good expertise in the line of 1
business and show a satisfactory competence / commitment.
3
(iv) Ad hoc decisions indicating low expertise / the managements' 0.5

perspective of business reveal inadequate planning process.
(v) Absolutely no expertise in the line of activity/ a situation of total chaos. 0
(iv) Payment Record
(i) The record of meeting commitments to lenders and creditors is 2
excellent. The company has rarely defaulted on this score.
(ii) The record of meeting commitments to lenders and creditors is good. 1.5
The company has defaulted only once/ twice on this score.
1.5
(iii) The record of meeting commitments to lenders and creditors is 1
average. The company ofter defaults on this score.
(iv) The record of meeting commitments to lenders and creditors is poor. 0
The company have rarely met their commitments in time.
(v) Structure & Systems

(i) Excellent budgeting and costing system are in place. 1
(ii) Management has a lot of other interests and bestows only limited 0.5
0.5
control/ interest in the concern.
(iii) Systems not in place at all. 0
(vi) Experience in the Industry
(i) The management has a good experience in the trade (> =5 years) 2
and /or it is a family business.
(ii) The management has a good experience in the trade (>3 to 4 years) 1.5
although it is not their family business.
(iii) The management has a moderate experience in the trade and it is 1
1.5
their new family business(>2 to 3 years).
(iv) The management has a modest experience in the trade and it is their 0.5
new family business (>1 year but <2 years).
(v) The management has got relatively less experience/no experience in 0
the line (<1year).
(vii) Length of Relationship with the Bank
(i) Dealing with the bank for more than 5 years and their conduct is fully 3
satisfactory.
(ii) Dealing with the bank for more than 3 years and their conduct is fully 2
satisfactory.
(iii) Dealing with the bank for more than 3 to 5 years and their conduct is by 1.5
0
and large satisfactory.
(iv) Dealing with the bank for more than 2 years and their conduct is by and 1
large satisfactory.
(v) Dealing with the bank for more than 5 years/less than 5 years and their 0
conduct is not at all satisfactory.
(viii) Succession Plan / Key Person
(i) Well laid out succession plan is in place and the successor has been/is 1
being groomed to take over as and when the situation so warrants/The
number of professionals/key persons are more than adequate to keep
the operations going even if a few of them leave the company.
(ii) Succession plan is in place/the number of key persons are just 0.5
adequate to run the operations of the Company but in the event of one
or two leaving the company would materially affect its operations to 1
some extent.
(iii) Succession plan not in place/the number of key persons is inadequate 0.25
and in the event of their leaving the Company, the operations of the
Company would be materially affected to a large extent.
(iv) No succession plan/the number of key persons in proportion to the size 0

of operations is small and in the event of their leaving the Company, its
operations would come to a stand still.
Total Score of the Company under MR is 13.5 out of 20

Total Score Normalised Under MR normalised to 25 = 17
( D ) Qualitative Parameter (External Rating)

Long term Short Standar
rating Term dised Addition
Rating Approa al Score Company' Company's
ch Under s Rating Marks
New status
CARE CRISIL FITCH ICRA Risk
CRA
Weight
Models
AAA PR1+ P1+ F1+ A1+ 20% 5
AA PR1 P1 F1 A1 30% 3.5
A PR2 P2 F2 A2 50% 2
0
BBB PR3 P3 F3 A3 100% 1
BB & below PR4 P4 & B,C,D A 4/ A 5 150% 0
& PR5 P5
Note:
-
1. Solicited Rating by a recognized External Credit Rating Agency (ECRA) translates to additional Score.
Following ECRAs recognised by RBI are considered for this purpose:
Sr No Type ECRA
(a) Credit Analysis & Research Limited;
Domestic (b) CRISIL Limited;
1 (c) FITCH India;
(a) FITCH;
2 International (b) Moodys;
(c) Standard & Poor’s
RBI has clarified that “Cash Credit Exposures tend to be generally rolled over and also tend to be drawn
on an average for a major portion of the sanctioned limits. Hence even though a cash credit exposure
may be sanctioned for a period of one year or less, these exposures should be reckoned as Long Term
Exposures and accordingly, the Long Term Ratings accorded by the chosen Credit Rating
Agencies will be relevant".
2. Multiple Ratings:
In case of borrowers having multiple ratings from recognised ECRAs, following procedure is to be
followed:
(i) If there is only one ECRA rating for a particular claim, that rating would be used to determine scoring;
(ii) If there are two ratings accorded by ECRAs which map into different risk weights, the rating
corresponding to the higher risk weight would be taken cognisance of for scoring ;
(iii) If there are three or more ratings accorded by ECRAs, with different risk weights, the ratings
corresponding to the two lowest risk weights should be referred to and the rating corresponding to the
higher of the two risk weights should be taken cognisance of for scoring.
E Aggregate Risk Score : (FR+B&IR+MR+(5)) 100 59
F CRA Rating Based on the above Score SB8

G Country Risk (CR) Assessment
Country Risk Level of Cash flows(CF) or Assets located outside India/Change in Borrower
Ratings CF or Change in Rating Risk
CF Rating
or Change in Rating
Assets Assets Compnay;s
(%) (%) rating after
outside outside assessmen
India India t of Country
Risk
Insignificant Risk 25% to NIL > 50%

50% NIL
Low Risk 25% to NIL > 50%
50% NIL
Medium Risk 25% to NIL > 50%
50% Down by 1-stage
Medium Risk but 25% to Down by 1-stage >50% Down by 2-stage
under Caution 50%
High Risk but not 25% to Down by 2-stage >50% Down by 3-stage
under Caution 50%
High Risk & under 25% to Best possible Rating: > 50% Best possible Rating:
Caution 50% SB11 (irrespective of SB12 (irrespective of
rating arrived at from rating arrived at from NA
SB1 to SB10) SB1 to SB10)
NA
Very High Risk & 25% to Best possible Rating: > 50% Best possible Rating:
under Caution 50% SB12 (irrespective of SB13 (irrespective of
rating arrived at from rating arrived at from
Off Credit/ Restricted 25% to Best possible Rating: > 50% Best possible Rating:
& under Caution 50% SB14 (irrespective of SB15 (irrespective of
rating arrived at from rating arrived at from
Note:
-
1.Applicable for whom 25% or more of the their cash flow or assets are located outside India
2. Country Ratings are circulated by Foreign Department (FD) from time to time (Last FD Circular No.
070 /2007-08 dated 27th July, 2007 indicates Risk category-wise list of countries as on 31/03/2007)
reproduced hereunder:
3. In cases where cash flows are located in more than one country, the above Table would be used for
different countries separately. The Company would have more than one Borrower Rating in that case.
(H) Total Marks of the Company obtained 59

(H) Final Borrower Rating after Country Risk SB8
(I) Financial Statement Quality Satisfactory

(J) Risk Score/Rating Year 1 Year 2 Year 3
Transition Matrix Aggregat CRA Rating Aggrega CRA Aggregate CRA Rating
e Risk te Risk Rating Risk Score
Score Score
59 SB8
Comparison of latest Financial Risk(FR) Score of last 3 years
Year 1 Year 2 Year 3
FR score: FR score: FR score: 30
Out of Out of Out of 35
Comments:
Hurdle Status:-
Company’s
Sl No. Parameters Criteria for qualifying Qualified/ Disqualified
Status
( A) Entery Barriers
‘Integrity ‘ parameter
under ‘Management 2 3 Qualified
1 Risk’
Full Compliance with
Environmental Yes Yes Qualified
2 Regulations
(B) Hurdle Scores

1 Financial Risk (FR) 15 30 Qualified
Business & Industry Disqualified
2 Risk (B&IR) 20 12
3 Management Risk (MR) 13 17 Qualified
Qualified
4 Aggregate hurdle Score 48 59
5 Overall Hurdle Rate SB10 SB8 Qualified
Caution: The Company doesn't qualify for bank finanace
Pricing :-
Sl No. Score Rating Pricing Company's Rating Company's Pricing
1 94-100 SB1
2 90-93 SB2 SB1
3 86-89 SB3 SB2

4 81-85 SB4
5 76-80 SB5
6 70-75 SB6 SB3
7 64-69 SB7
8 57-63 SB8 SB4
SB9 SB8 SB4
9 50-56
10 45-49 SB10 SB5
40-44 SB11 SB6
11
12 35-39 SB12
13 30-34 SB13 SB7
14 25-29 SB14
15 < 24 SB15 SB8
16 - SB16 -
Created by Rajeev Kumar, RASECC, B.S.City, Jharkhand
CRA NON-TRADING SECTOR: SIMPLIFIED MODEL New CC+TL
Name of the Company M/S SAMRAJYALAKSHMI SURGICALS
(A) Financial Risk (Total Marks = 35 )
I) TOL/ TNW (25 marks) Company's total score 25 out of 25
Compan
Ratio Company' Company's
Marks Weight Full Marks y's
Band s Ratio Marks
Score
(a) Latest Ratio <=2.50 7
<=2.75 5.5
<=3.00 5
<=3.25 4.5
2.5 17.5 1.46 7 17.5
<=3.50 4
<=3.75 2
<=4.00 1
>4.00 0
Compare
3 years’ Company’ to last 3 Compan
Company's
average( s latest Marks Weight Full Marks y's
years’ Marks
a) ratio(b) Score
average
(b) <(a) 2
(b) =(a)
or {(a) 1
1.44 1.46 2.5 5 2 5
+0.25}
(b)>{ (a)+
0
0.25}
(c ) Industry Comparison
Compare
Company’ Compan
Industry to Company's
s latest Marks Weight Full Marks y's
Ratio(a) Industry Marks
ratio(b) Score
Ratio
(b) <(a) 1
(b) =(a) or
Data Not { (a) + 0.5
1.46 0.25} 2.5 0 0 0
Available
(b)>{ (a) +
0
0.25}
II) Current Ratio (20 marks) Company' total score 20 out of 20
Compan
(a) Latest Ratio Marks Weight Full Marks y's
Band s Ratio Marks
Score
>=1.33 7
>=1.30 6
>=1.25 5
>=1.20 4
2 14 1.82 7 14
>=1.15 3
>=1.10 2
>=1.00 1
<1.00 0
Compare
Company's
years’ Marks
a) ratio(b) Score
average
(b) >(a) 2
(b) =(a) or
1
1.92 1.82 { (a) -0.03} 2 4 2 4
(b)< {(a)-
0
0.03}
Compare
3 years’ Company’ to Compan
Company's
Industry Marks
a) ratio(b) Score
Ratio
(b) >(a) 1
(b) =(a) or
Data Not 0.5
1.82 {(a)- 0.03} 2 0 0 0
Available
(b)<{ (a) –
0
0.03}
III) ROCE% (20 marks) Company' total score 20 out of 20
Compan
Band s Ratio Marks
Score
>=10.00 8
>=9.50 7
>=9.00 6
>=8.50 5
2 16 19.77 8 16
>=8.00 4
>=7.50 2
>=6.00 1
<6.00 0
Compare
Company's
years’ Marks
a) ratio(b) Score
average
(b) >(a) 2
(b) =(a) or
{(a)- 1
19.89 19.77 0.25%} 2 4 2 4
(b)<{ (a)-
0
0.25%}
IV) PBDIT/ Intt.(15 marks) Company' total score 7.5 out of 15
Compan
Band s Ratio Marks
Score
>=4.00 8
>=3.50 7
>=3.00 6
>=2.50 5
1.5 12 2.72 5 7.5
1.5 12 2.72 5 7.5
>=2.00 4
>=1.50 2
>=1.00 1
<1.00 0
Compare
Company's
years’ Marks
a) ratio(b) Score
average
(b) >(a) 2
(b) =(a) or
1
3.15 2.72 {(a)-0.25} 1.5 3 0 0
(b)<{ (a)-
0
0.25}
V) PAT/Op. Income% (10 marks) Company' total score 10 out of 10
Compan
Band s Ratio Marks
Score
(a) Latest Ratio >=6.50 7
>=5.50 6
>=4.50 5
>=4.00 4
1 7 7.33 7 7
>=3.50 3
>=3.00 2
>=2.00 1
<2.00 0
Compare
Company's
years’ Marks
a) ratio(b) Score
average
(b) >(a) 2
(b) =(a) or
{(a)- 1
14.93 7.33 1 2 2 2
0.50%}
(b)< {(a)-
0
0.50%}
Compare
Company's
Industry Marks
a) ratio(b) Score
Ratio
(b) >(a) 1
(b) =(a) or
Data Not {(a)- 0.5
7.33 0.50%} 1 0 0 0
Available
(b)< {(a)-
0
0.50%}
VI) DSCR/ Inventory (20 Marks) Company' total score 6.67 out of 20
(A) Gross Average DSCR for All Loans(TL Only) 12 36
Compan
Band s Ratio Marks
Score
>= 2.00 10
>= 1.98 9
>= 1.95 8
>= 1.92 7
>= 1.90 6
>= 1.88 5 2 20 1.60 0 0
>= 1.85 4
>= 1.80 3
>= 1.78 2
>= 1.75 1
<1.75 0
(B) Inventory / Net Sales+ Receivables/Gross Sales} x 365 (Days’ )
Compan
Band s Ratio Marks
Score
<=90 6
<=120 5
<=150 4
<=180 3 2 12 18 6 12
<=210 2
<=240 1
>240 0
Compare
Company's
years’ Marks
a) ratio(b) Score
average
(b) <(a) 2
(b) =(a) or
1
27.59 156 {(a) + 15} 2 4 0 0
(b)> {(a)
0
+15}
Compare
Company's
Industry Marks
a) ratio(b) Score
Ratio
(b) <(a) 2
(b) =(a) or
Data Not 1
156 {(a) + 15} 2 0 0 0
Available
(b)> {(a)
0
+15}
Group Risk (Maximum Weighted Score: 5)(If Not Applicable must Choose "NA" option, not "0" Marks)
(vii)
(vii)
Company's total score 0 out of 0
Score
Compan
Company's
Value Statements Weight y’s
Marks
score
No negative impact on the financials /reputation of
the borrowing company on account of activities of
1 8 to 10
associate/ sister/ Group company (zero to
insignificant impact).
Slight negative impact /minimal risk -can be

contained/ mitigated (negative impact likely to be
2 5 to 7
contained within 5% of the borrowing company’s
TNW).
0.5 NA 0
Substantial impact on Financials and/or reputation
on account of any Group Company (negative
3 2 to 4
impact likely to be spill over to within 10% of the
borrowing company’s TNW). .
Heavy impact on Financials and/or reputation on

account of any Group Company/fate of borrowing
4 company is sealed (negative impact likely to spill 0
over to 20% or more of the borrowing company’s
TNW). .
Forex Risk (Maximum Weighted Score: 5)(If Not Applicable must Choose "NA" option, not "0" Marks)
(viii)
Company's total score 0 out of 0
Score
Compan
S. Company's
Value Statements Wt. y’s
No. Marks
score
Full hedging of forex risk; loss /anticipated loss is
1 8 to 10
NIL/minimum .
Loss mitigation to the extent of 75% of unhedged
2 5 to 7
forex risk
0.5 NA 0
Loss on account of unhedged forex risk mitigated
3 2 to 4
to the extent of 50%.
4 No risk mitigation of unhedged forex risk 0
IX) Future Prospects (FP) (20 marks) Company's total score 18 out of 20
Company's
Last Year's Latest year Next Year Score Negative Score Under Score X Company's
Ratios Projection Actuals Projection
Under FP
Variance(B) FP {(A)- 2(Weight)
(A) Marks
(B)}
TOL/ TNW 2.08 1.46 0.52 2 0 2 4

ROCE 9.59 19.77 18.00 2 0 2 4
PBDIT/ Intt 2.54 2.72 4.81 2 0 2 4
PAT/ 18
Operating -8.87 7.33 10.95 2 1 1 2
Income
Current Ratio 1.56 1.82 2.46 2 0 2 4

Table - II
Future prospects( Latest Vs
Negative Variance( Last year Prjected Vs Latest) (B)
Projected) (A)
Ratios
Ratios 11% to
21% to
Better (2 At Par (1 Worse (0 0% to 5% 6% to 10%(0.2 20%(o.5 >30%(1.0
30%(0.8
marks) marks) marks) ( 0 marks) marks) marks) marka)
marka)
TOL/ TNW 2 0
ROCE 2 0
PBDIT/ Intt 2 0
PAT/
Operating 2 1
Profit
Current Ratio 2 0
Total Score of the Company under FR is 107.17 out of 130
Total Score Normalised Under FR normalised to 35 = 28.85
Less Qualitative factors (-ve)
Qualitative Factors ( -ve) (-10 marks) Effect
on TNW
Amt. as Amount of the
Probability
per assessed unit to Negative
Details of
Balance to be at be Marks
invocation
Sheet default graded
as
A. Contingent Liabilities (A) (B) (C) under:
(D) (E)
a) Claims against disputed tax liabilities/Excise If total
0.00 0.00% 0.00
Duties amount
(b) Claims against the Company not under (c)
0.00 0.00% 0.00 is
acknowledged as debts.
( c ) Pending legal issues like suit filed against > 10% of
the Company and the financial impact on the 0.00 0.00% 0.00 TNW =
borrowing company. 10
(d) Notices issued by Regulatory authorities
> 8% of
like Income Tax & Sales Tax for realisation of 0.00 0.00% 0.00
TNW = 8
dues
(e) Lock out/strike/unrest in the factory in the > 6% of
0.00 0.00% 0.00 0.00
last two years and its financial impact TNW = 6
(f) Corporate guarantees given with or without > 4% of
0.00 0.00% 0.00
Bank’s permission /approval TNW = 4
B. Auditors qualifying remarks having > 2% of
0.00 0.00% 0.00
impact on financials/profitability TNW = 2
C. Accounting policies <= 2% of
(i) valuation of inventory 0.00 0.00% 0.00 TNW = 0
(ii) capitalization, 0.00 0.00% 0.00
(iii) depreciation and 0.00 0.00% 0.00 TNW=
(iv) revaluation 0.00 0.00% 0.00 410.66
D. Any other factor 0.00 0.00% 0.00 123.00
Total Amount at Default in Column (c) 0.00
Total Score under Financial Risk 29.00
( B) Business & Industry Risk(B & I R) ( Total Mrks = 40 )

(i) (Access to Resources)/Input Profile
Score
Value Statement Value
Raw materials easily available & price is steady, Substitutes inputs
(i) 4
available. No risk in sourcing imported raw materials.
Raw material generally available at more or less steady price. Has few
(ii) 3
alternate usage but supply is adequate.
Raw material availability ensured by tie-ups with suppliers. By and large the
(iii) 2
price variations can be passed on to the users. 3
Industry highly dependent on critical raw materials. Timely availability is
(iv) 1
critical. Needs large stocking levels.
The availability extremely seasonal. There are extreme price fluctuations.

(v) 0
Production loss has occurred on account of scarcity of raw materials.
(ii) User/Product Profile

Product is distinctive and of wide acceptance/uses. No rejection of products.
(i) 3-4
The delivery schedules of products are adhered to.
Not many substitutes for user of products, Instances of rejections rare. Unit
(ii) 2
adheres to the delivery schedules.
Not many substitutes for user of products. The unit finds it difficult to meet 3
(iii) 1
delivery schedule. Only occassional rejection of products.
The product is custom made to specifications and has no alternative use.
(iv) The company is unable to meet the delivery schedule. Frequent rejection of 0
unit’s products.
(iii) Technology & consistency in quality
Proven technology to withstand competition. Record in maintaining product

(i) 2
quality excellent. No sales rejections on account of product quality.
The existing technology meets demands of competition to some extent.

(ii) 1 1
Record in maintaining product quality is good.
Obsolete technology. No financial capability to undertake technology
(iii) upgradation. Consistency in quality not observed. No sign of any measures 0
to rectify the situation.
(iv) Competition & Market Risk
[The potential of the industry to sell its products in domestic market and / or external markets based
on its cost structure ( determined by factors such as input costs, location, infrastructure and use of
appropriate technology); reputation and its effectiveness in targetting marketing niches.)

On balance, the combination of the relevant listed factors makes the
(i) 4
industry very competitive.
(ii) 3
industry somewhat competitive.
The relevant listed factors have off-setting impacts on the competitiveness
(iii) 2 3
of the industry.
(iv) 1
industry somewhat uncompetitive.
3

(v) 0
industry very uncompetitive.
(v) Industry Outlook / Cyclicality
(i) The industry outlook is excellent / stable cyclicality. 4
(ii) The industry outlook is very good / stable to moderate cyclicality. 3
(iii) The industry outlook is good / moderate cyclicality. 2.5 3
(iv) The industry outlook is satisfactory / moderate cyclicality. 2
(v) The industry outlook is uncertain / High Cyclicality 1
(vi) The industry outlook is negative. 0
Note:-
CRMD Industry Approach * ‘Industry Outlook’ in CRA Score
(i) GROW Excellent 9-10
(ii) GROW Very Good 6-8
(iii) GROW SELECTIVELY Good 4-5
(iv) HOLD CONTINUE SELECTIVELY Satisfactory 2-3
(v) HOLD Uncertain 1
(vi) Contract Negative 0
*Latest CRMD Advisory to be referred to. In case of industries not covered by CRMD studies, CRIS-INFAC
publications/Prowess subscribed to by the Bank may be consulted. For industries, not covered under these
reports, CMIE or other publications may be referred to.
(vi) Regulatory, Labour, Environmental Risk & Contemporary Issues
Business operations remain unaffected by regulatory framework.
Harmonious labour relations and no stoppages due to labour unrest.
(i) 2
Operations are not hampered by lack of skilled labour. Adequate capability
to handle the effects of contemporary issues.
The industry faces a demanding environment, labour & regulatory scenario. 1

(ii) No stppages of work on account of labour unrest. Ad hoc response to 1
industry issues.
The regulatory environment is stiff. Unit unable to cope with the
(iii) labour/regulatory/legal challenges. Unable to respond to and cope with the 0
contemporary issues.
Total Score of the Company under BR & IR is 14 out of 20
Total Score Normalised Under BR & IR normalised to 40 = 28
( C ) Management Risk (MR) ( Total Marks = 25 )

(i) Integrity
Value Statements Score Value
The integrity and character of the Management is beyond reproach. No
(i) fraudulent deals/transactions. No unsatisfactory feature of the unit has 4
come to light.
The management has good reputation in the market. The management is

reportedly reliable. There are no adverse reports on the integrity of the
management or promoters. Features revealed by reports on conduct of
(ii) 3
account/stock audit/spot audit/ periodic inspection reports do not comment
against the integrity of the unit. Remarks of inspectors do not indicate
doubtful integrity. 3
3
Rumours of adverse features but not fully substantiated and hence

(iii) may/may not be reckoned depending upon the seriousness of such 2
features.
Reports on conduct of account/stock audit/spot audit/ periodic inspection
reports comment against the integrity of the unit. The unit is a defaulter
(iv) 0
under RBI’s wilful defaulters’ list. History indicates involvement in
civil/criminal suits/ questionable deals.
(ii) Track Record & Conduct of Account
Maintains financial discipline, no irregularity in the account. The
(i) management is sincere and open to suggestions to bring improvement in 4
the financial management.
On a few occasions, repayment of loans is delayed. The management tries
to set things right in case of lapses. Some Group companies or associates
(ii) 3
not doing well but the management is co-operating in reviving/settling the
overdues.
The conduct of account is satisfactory. Repayments were delayed but the
(iii) 2 3
account continues to be standard asset.
Accounts irregular but remain standard. Loans rescheduled but still running
(iv) irregular. Instances of bills being returned amount to more than 25% of 1
total .
Accounts rendered frequently irregular and the unit does not respond to
counsel to enforce financial discipline like submission of statements, other
(v) 0
financial data. Diversion of funds by routing of sale proceeds through other
banks on record.
(iii) Expertise / Managerial Competence & Commitment
Qualified management team. Although the team may not be very qualified, it
(i) has an excellent understanding of the industry. High level of competence 3
and commitment.
The unit is not professionally managed but the owners have the requisite
(ii) 2
competence / expertise / commitment.
(iii) The management is having reletively good expertise in the line of business. 1 3
Adhoc decisions indicating low expertise in responding to business.

(iv) 0.5
Structured planning process not evident.
No experience in the line of activity. No commitment / Planning to overcome
(v) 0
the recurring problems on account of lack of expertise.
(iv) Payment Record
The record of meeting commitments to lenders and creditors is excellent.
(i) 2
The unit has rarely defaulted on this score.
The record of meeting commitments to lenders and creditors is good. The
(ii) 1 1
unit has defaulted only occasionally.
The record of meeting commitments to lenders and creditors is poor. The
(iii) 0
unit rarely meets its commitments in time.
(v) Structure & Systems
(i) Excellent budgeting and costing systems are in place. 1
1
Management has a lot of other interests and bestows only limited interest in 1
(ii) 0.5
the unit.
(iii) Systems not in place at all. 0
(vi) Experience in the Industry
The management has a good experience in the industry (> =5 years) and
(i) 2
/or it is a family business.
The management has a good experience in the industry (>3 to 4 years)
(ii) 1.5
although it is not their family business.
The management has a moderate experience in the industry and it is their
(iii) 1 0.5
new family business(>2 to 3 years).
The management has a modest experience in the industry and it is their
(iv) 0.5
new family business (>1 year but <2 years).
The management has got relatively less experience/no experience in the
(v) 0
line (<1year).
(vii) Length of Relationship with the Bank
Dealing with the Bank for more than 5 years and conduct is satisfactory.
(i) New unit but belonging to a Group has dealings with the Bank for more than 3
5 years, a Group Company has offered its guarantee.
Dealing with the Bank for over 3 years and conduct is satisfactory. New unit
(ii) but belonging to a Group which has dealings with the Bank for more than 3 2.25
years, and a Group Company has offered its guarantee.
Dealing with the Bank for more than 2 years and conduct is satisfactory.
(iii) New unit but belonging to a Group which has dealings with the Bank for 1.5 0.75
more than 2 years, and a Group Company has offered its guarantee.
Dealing with the bank for more than 1 year and conduct is satisfactory. New
(iv) unit but belonging to a Group which has dealings with the Bank for more 0.75
than 1 year, and a Group Company has offered its guarantee.
Dealing with the Bank for more than 5 years/less than 5 years and conduct
(v) is not satisfactory or the conduct of the guarantor Company itself is not 0
satisfactory.
(viii) Succession Plan / Key Person
Well laid out succession plan in place and the successor has been/is being
groomed to take over as and when the situation so warrants. The number of
(i) 1
professionals/key persons are more than adequate to keep the operations
going even if a few of them leave the unit.
Succession plan in place. The number of key persons just adequate to run
(ii) the operations of the unit but in the event of one or two leaving the 0.75
company, would materially affect its operations to some extent. 1
Succession plan not in place. Number of key persons inadequate and in the
(iii) event of their leaving the company, the operations of the company would be 0.25
materially affected to a large extent.
1
No succession plan / the number of key persons in proportion to the size of

(iv) operations is small and in the event of their leaving the company, its 0
operations would come to a stand still.
Total Score of the Company under MR is 12.25 out of 20
Total Score Normalised Under MR normalised to 25 = 15
( D ) Qualitative Parameter (External Rating, Max Marks=5)
Short Standardis Additional

Term ed Compan
Long term Score y's Company's
Rating Approach Under Rating
rating Marks
New CRA status
Risk
CARE CRISIL FITCH ICRA Models
Weight
AAA PR1+ P1+ F1+ A1+ 20% 5
AA PR1 P1 F1 A1 30% 3.5
A PR2 P2 F2 A2 50% 2
0
BBB PR3 P3 F3 A3 100% 1
BB & below PR4 P4 & B,C,D A 4/ A 5 150% 0
& PR5 P5
Note:
-
1. Solicited Rating by a recognized External Credit Rating Agency (ECRA) translates to additional Score.
Following ECRAs recognised by RBI are considered for this purpose:
Sr No Type ECRA
(a) Credit Analysis & Research Limited;
Domestic (b) CRISIL Limited;
1 (c) FITCH India;
(a) FITCH;
2 International (b) Moodys;
(c) Standard & Poor’s
RBI has clarified that “Cash Credit Exposures tend to be generally rolled over and also tend to be drawn on
an average for a major portion of the sanctioned limits. Hence even though a cash credit exposure may be
sanctioned for a period of one year or less, these exposures should be reckoned as Long Term Exposures
and accordingly, the Long Term Ratings accorded by the chosen Credit Rating Agencies will be
relevant".
2. Multiple Ratings:
In case of borrowers having multiple ratings from recognised ECRAs, following procedure is to be followed:
(i) If there is only one ECRA rating for a particular claim, that rating would be used to determine scoring;
(ii) If there are two ratings accorded by ECRAs which map into different risk weights, the rating
corresponding to the higher risk weight would be taken cognisance of for scoring ;
(iii) If there are three or more ratings accorded by ECRAs, with different risk weights, the ratings
corresponding to the two lowest risk weights should be referred to and the rating corresponding to the
higher of the two risk weights should be taken cognisance of for scoring.
E Aggregate Risk Score : (FR+B&IR+MR+(5)) 100 72
F CRA Rating Based on the above Score SB6

G Country Risk (CR) Assessment
Level of Cash flows(CF) or Assets located outside India/Change in Borrower
Risk Rating
Country Risk Compnay;s

CF or CF or
Ratings rating after
Assets (%) Assets (%)
Change in Rating Change in Rating assessment
outside outside
of Country
India India
Risk
25% to
Insignificant Risk NIL > 50% NIL
50%
25% to
Low Risk NIL > 50% NIL
50%
25% to
Medium Risk NIL > 50% Down by 1-stage
50%
Medium Risk but 25% to
Down by 1-stage >50% Down by 2-stage
under Caution 50%
High Risk but not 25% to

Down by 2-stage >50% Down by 3-stage
under Caution 50%
Best possible Rating: Best possible Rating:

High Risk & under 25% to SB11 (irrespective of
> 50%
SB12 (irrespective of NA
Caution 50% rating arrived at from rating arrived at from

Very High Risk & 25% to SB12 (irrespective of SB13 (irrespective of
> 50%
under Caution 50% rating arrived at from rating arrived at from

Off Credit/ Restricted 25% to SB14 (irrespective of SB15 (irrespective of
> 50%
& under Caution 50% rating arrived at from rating arrived at from
Note:
-
1. Applicable to Borrowers for whom 25% or more of the their cash flow or assets are located outside India
2. Country Ratings are circulated by Foreign Department (FD) from time to time (Last FD Circular No. 070 /
2007-08 dated 27th July, 2007 indicates Risk category-wise list of countries as on 31/03/2007) reproduced
hereunder:
(H) Total Marks of the Company obtained 72

(H) Final Borrower Rating after Country Risk SB6
(I) Financial Statement Quality Satisfactory
(J) Year 1 Year 2 Year 3
Aggregate Aggregat
CRA Aggregate CRA
Risk e Risk CRA Rating
Rating Risk Score Rating
Score Score
72 SB6
Risk Score/Rating Comparison of latest Financial Risk(FR) Score of last 3 years
Transition Matrix Year 1 Year 2 Year 3
FR score: FR score: FR score: 29
Out of Out of Out of 35
Comments:
Hurdle Status:-
Criteria for
Sl No. Parameters Company’s Status Qualified/ Disqualified
qualifying
( A) Entery Barriers
‘Integrity ‘ parameter
1 2 3 Qualified
under ‘Management Risk’
Full Compliance with

2 Environmental Yes Yes Qualified
Regulations
(B) Hurdle Scores
1 Financial Risk (FR) 15 29 Qualified
Business & Industry Risk
2 20 28 Qualified
(B&IR)
3 Management Risk (MR) 13 15 Qualified
4 Aggregate hurdle Score 48 72 Qualified
5 Overall Hurdle Rate SB10 SB6 Qualified
Pricing :-
Sl No. Score Rating Pricing Company's Rating Company's Pricing
1 94-100 SB1
SB1
2 90-93 SB2
3 86-89 SB3
4 81-85 SB4 SB2
5 76-80 SB5
SB6 SB3
6 70-75 SB6
SB3
7 64-69 SB7
8 57-63 SB8
SB4
9 50-56 SB9 SB6 SB3
10 45-49 SB10 SB5
11 40-44 SB11
SB6
12 35-39 SB12
13 30-34 SB13
SB7
14 25-29 SB14
15 < 24 SB15 SB8
16 - SB16 -
Created by Rajeev Kumar, RASECC, B.S.City, Jharkhand
FORM IV
COMPARATIVE STATEMENT OF
CURRENT ASSETS & CURRENT LIABILITIES
(Amt. Rs.
As per balance sheet as at 31st March
YEAR
I II III IV V
A. CURRENT ASSETS
1 Raw materials (including stores)
a) Imported
- - - - -
(months' consumption)
b) Indigenous - - - - -
2 Other consumable spares, excluding
those included in (1) above
- - - - -
a) Imported
b) Indigenious
- - - - -
3 Stock-in-process - - - - -
(Months' cost of sales)
4 Finished goods - - - - -
(Months' cost of sales)
5 Receivables other than export & deffered - - - - -
receivables (including BP/BD)
(Months' domestic sales excluding
differed payment sale)
6 Export receivables (including bills
Purchased & Discounted) - - - - -
(Months' export sales)
7 Advances to suppliers of raw materials &
stores/spares consumable (b) Ind - - - -
8 Other current assets including cash &
bank balances & deffered receivables due
within one year - #VALUE! #VALUE! #VALUE! #VALUE!
9 TOTAL CURRENT ASSETS
(To agree with item 34 in Form III) - #VALUE! #VALUE! #VALUE! #VALUE!
B. CURRENT LIABILITIES
(Other than bank borrowings for working - - - - -
capital)
10 Creditors for purchase of raw materials,Short term borrowings from others - - - -
stores & consumables spares
(Months' purchases)
11 Advances from customers Sundry cred - - - -
12 Statutory liabilities Dividend payable - - - -
13 Other current liabilities
(specify major items) - 20.86 20.00 42.00 42.00
14 TOTAL
(to agree with sub. Total B of Form No. III) - 20.86 20.00 42.00 42.00
(Amt. Rs.)
ch
VI VII
- -
- -
- -
- -
- -
- -
- -
- -
- -
#VALUE! #VALUE!
#VALUE! #VALUE!
- -
- -
- -
- -
48.00 48.00
48.00 48.00
FORM - V
COMPUTATION OF MAXIMUM PERMISSIBLE
BANK FINANCE FOR WORKING CAPITAL
YEAR
I II III
1 Total Current Assets (Item 9 of form IV) - 37.53 97.95
2 Other Current Liabilities other than bank borrowing
(Item 14 of form IV) - 20.86 20.00
3 Working Capital Gap (WCG) (Item 1 minus Item 2) - 16.67 77.95
4 Min. Stipulated net working capital (i.e. 25% of WCG/
25% of TOTAL CURRENT ASSETS as the case may be
depending upon the method of lending being applied)
(Export receivables to be excluded under both methods) - 4.17 19.49
5 Actual / projected N W C (item 45 of Form III) - 16.67 77.95
6 Item (3) minus item (4) - 12.50 58.46
7 Item (3) minus item (5) - - -
8 Maximum permissible bank finance
(Item (6) or(7) whichever is lower) - - -
9 Excess borrowings representing short fall in NWC
(Item 4 minus 5) - - -
FORM - VI : FUNDS FLOW STATEMENT

As per balance sheet as at 31st March
I
1 SOURCES
a) Net profit (after) tax -
b) Depreciation -
c) Increase in capital 850,000
d) Increase in Term Liabilities (Including public deposits) -
e) Decrease in Fixed Assets -
f ) Decrease in Other non-current assets -
g) TOTAL 850,000
2 USES
a) Net loss
b) Decrease in Term Liabilities (incl. Public deposits) -
c) Increase in Fixed Assets -
d) Increase in other non-current assets -
e) Dividend payment / Drawings 125000
f) Others -
g) TOTAL 125,000
3 Long Term Surplus (+) / Deficit (-) (Item 1 - Item 2) 725,000
4 Increase/decrease in current assets -
5 Increase/decrease in current liabilities other than Bank borrowings -
6 Increase/decrease in working capital gap -
7 Net surplus (+) deficit (-) (Difference of 3 & 6) -
8 Increase/decrease in Bank borrowings #VALUE!
As on 31st mar
BREAK UP OF (4)
I
i) Increase/Decrease in Raw Materials -
ii) Increase/Decrease in Stock-in-process -
iii) Increase/Decrease in Finished Goods 22.21
iv) Increase/Decrease in Receivables a) Domestic -
Increase/Decrease in Receivables b) Export -
v) Increase/Decrease in Stores & Spares -
vi) Increase/Decrease in other Current assets 15.32
Note : Increase/Decrease under item 4 to 8 as also under break-up of (4) should be indicated by (+) (-)
IBLE
TAL
(Rupees in Lacs)
YEAR
IV V VI VII
154.20 209.95 257.49 315.01
52.12 68.29 81.42 88.97

102.08 141.65 176.07 226.03
25.52 35.41 44.02 56.51

102.08 141.65 176.07 226.03
76.56 106.24 132.06 169.52
- - - -
- - - -
- - - -
heet as at 31st March

YEAR
II III IV V VI VII
(15) 44 57 55 65.61 78.02

43 36 31 26
- - - - - -
- - - -
- - - -
- - - -
28 80 88 82 65.61 78.02
150,000 450,000 400,000 - - -

- - - - (22.81) (19.93)
- - - -
250000 350000 350000 450000
- - - -
400,000 800,000 750,000 450,000
(399,972) (799,920) (749,912) (449,918) 65.61 78.02
38 60 56 56 47.54 57.52
21 (1) 32 16 13.12 7.56
17 61 24 40 34.42 49.96
(724,983) 400,034 799,944 749,951 ### (15.65)
- - - - - -
As on 31st march
YEAR
II III IV V VI VII
- - - - - -
- - - - - -
(9.13) 0.38 0.45 0.54 0.61 0.67
- - - - - -
- - - - - -
- - - - - -
69.55 55.87 55.29 47.00 56.91 69.50
A. Cost of Project & Means of finance (Amount in Lacs)

Cost Amount Means Amount % Margin
L&B 307.00 Equity:
-263.00
P&M 120.00 -37.57%
WC 0.00 Debt:
700.00
Other assets 10.00 Debt / Equity Ratio
Total 437.00 437.00 -2.66 :1
B. COMMERCIAL VIABILITY (Amount in Lacs)

Particulars 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
Sources
Net Retained Profit 49.60 43.06 54.05 63.29 70.96 76.94
Depreciation 74.57 64.66 56.10 48.72 42.34 36.83
P&P Written Off 0.00 0.00 0.00 0.00 0.00 0.00
Prior Year's Tax Adjust. 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash Accrual 124.17 107.71 110.15 112.01 113.30 113.77
TL Interest 46.53 50.04 41.28 32.52 23.75 15.12
Total Sources 170.71 157.75 151.43 144.52 137.05 128.89
Obligations
TL Installment 21.64 64.92 64.92 64.92 64.92 64.92
TL Interest 46.53 50.04 41.28 32.52 23.75 15.12
Total Uses 68.17 114.96 106.20 97.44 88.67 80.04
Gross DSCR 2.50 1.37 1.43 1.48 1.55 1.61
Net DSCR 5.74 1.66 1.70 1.73 1.75 1.75
Average Gross DSCR 1.60
Average Net DSCR 2.39
C. SECURITY MARGIN (Amount in Lacs)

Particulars 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
Written Down Value 530.43 465.77 409.67 360.95 318.61 281.78
Agg. TL/ DPG Outstanding 400.36 335.44 270.52 205.60 140.68 75.76
Security Margin Available 130.07 130.33 139.15 155.35 177.93 206.02
% of Security Margin 24.52 27.98 33.97 43.04 55.85 73.11
D. REPAYMENT SCHEDULE (Amount in Lacs)

Particulars 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
Balance 400.36 428.76 355.08 281.40 207.71 134.16
APR 9.85 9.13 8.41 7.69 6.97
MAY 9.94 9.19 8.45 7.71 6.96
JUN 9.73 9.01 8.29 7.57 6.85
JUL 9.81 9.07 8.33 7.58 6.84
AUG 9.75 9.01 8.26 7.52 6.78
SEP 9.55 8.83 8.11 7.39 6.67
OCT 0.00 9.63 8.88 8.14 7.40 6.65
NOV 0.00 9.43 8.71 7.99 7.27 6.59
DEC 5.41 9.50 8.76 8.02 7.27 6.53
JAN 5.41 9.44 8.70 7.95 7.21 6.47
FEB 5.41 9.00 8.32 7.65 6.98 6.40
MAR 5.41 9.32 8.57 7.83 7.09 6.34
Total Repayment in Yr 21.64 114.96 106.20 97.44 88.67 80.04
E. BREAK EVEN ANALYSIS AND SENSITIVE ANALYSIS WHETHER ACCEPTABLE:

(Amount in Lacs)
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
Capacity Utilisation 0 0 0 0 0 0
A. Sale value of the product 173.29 587.64 610.85 640.00 670.68 702.94
B. Variable Expenses
(i) Raw material&Cons.Sp. 75.00% 128.37 230.80 249.52 269.75 291.63 315.28
(ii)Power, water and fuel 80.00% 2.36 7.44 7.82 8.21 8.62 9.05
(iii)Direct Labour 55.00% 3.02 9.97 10.97 12.06 13.27 14.60
(iv)Other mfg.Exp.+ Repairs 60.00% 5.19 17.13 18.84 20.72 22.80 25.08
(v)Selling&Gen Admn.exp. 50.00% 4.33 14.69 15.27 16.00 16.77 17.57
(vi)Intt. on working capital 0.00% 0.00 0.00 0.00 0.00 0.00 0.00
Total 143.28 280.04 302.41 326.75 353.08 381.58
C. Contribution (A - B) 30.01 307.61 308.44 313.26 317.60 321.37
D. Fixed & semi-fixed exp.
(i) Power, water and fuel 20.00% 0.59 1.86 1.95 2.05 2.15 2.26
(ii)Direct Labour 45.00% 2.47 8.16 8.97 9.87 10.86 11.94
(iii)Other mfg.Exp+ Repairs 40.00% 3.46 11.42 12.56 13.82 15.20 16.72
(iv)Depreciation 0.00% 0.00 0.00 0.00 0.00 0.00 0.00
(v) Selling& Gen Admn.exp. 50.00% 4.33 14.69 15.27 16.00 16.77 17.57
(vi)Intt. on TL, Deb./DPC 0.00% 46.53 50.04 41.28 32.52 23.75 15.12
Total 57.39 86.17 80.04 74.25 68.72 63.62
E. Operating profit (C - D) -27.38 221.44 228.40 239.00 248.88 257.75
F. Break Even Sales 331.40 164.61 158.51 151.70 145.13 139.16
B.E.S. as % of Net Sales 191.24% 28.01% 25.95% 23.70% 21.64% 19.80%
G. Cash Break Even Sales 331.40 164.61 158.51 151.70 145.13 139.16
Cash B.E.S. as % of Net Sales 191.24% 28.01% 25.95% 23.70% 21.64% 19.80%
F. SENSITIVITY ANALYSIS (Amount in Lacs)

Inc.inVariableCost by 5.00% 2015-16 2016-17
Decrease in Sales by 5.00% Inc.in Dec.in Inc.in Dec.in
A+B A+B
V.C(A) Sales(B) V.C(A) Sales(B)
A. Net Sales 173.29 181.95 164.63 346.58 587.64 617.02 558.26 1175.29
B. Variable Expenses 143.28 150.45 136.12 286.56 280.04 294.04 266.04 560.07
C. Contribution 30.01 31.51 28.51 60.02 307.61 322.99 292.23 615.21
D. Fixed & Semi Fixed exp. 57.39 60.26 54.52 114.78 86.17 90.48 81.86 172.34
E. Operating Profit [C-D] -27.38 -28.75 -26.01 -54.76 221.44 232.51 210.37 442.88
F. Break Even Sales [DxA/C] 331.40 347.97 314.83 662.81 164.61 172.84 156.38 329.23
G. B.E.S. as % of Net Sales 191.24% 191.24% 191.24% 191.24% 28.01% 28.01% 28.01% 28.01%

Decrease in Sales by 5.00% Inc.in Dec.in Inc.in Dec.in
A+B A+B
A. Net Sales 610.85 641.40 580.31 1221.70 640.00 672.00 608.00 1280.00
C. Contribution 308.44 323.86 293.02 616.88 313.26 328.92 297.59 626.51
E. Operating Profit [C-D] 228.40 239.82 216.98 456.80 239.00 250.95 227.05 478.01

Decrease in Sales by 5.00% Inc.in Dec.in A+B Inc.in Dec.in
A+B
A. Net Sales 670.68 704.21 637.15 1341.36 702.94 738.09 667.80 1405.89
C. Contribution 317.60 333.48 301.72 635.20 321.37 337.43 305.30 642.73
E. Operating Profit [C-D] 248.88 261.32 236.43 497.75 257.75 270.64 244.86 515.50
TERM LOAN INTEREST CALCULATION & DETAILED REPAYMENT SCHEDULE
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
TL Amount/Opening Balance 422.00 400.36 335.44 270.52 205.60 140.68 75.76 10.84
Add Intt. Paid during the year 46.53 50.04 41.28 32.52 23.75 15.12 6.22 0.18
Less Intt paid during the year 46.53 50.04 41.28 32.52 23.75 15.12 6.22 0.18
Less Install paid during the year 21.64 64.92 64.92 64.92 64.92 64.92 64.92 10.84
Closing Balance 400.36 335.44 270.52 205.60 140.68 75.76 10.84 0.00
TL Interest to be applied 13.50%
Moratorium Period 6 Months
2015-16 DEBITS INSTALMENTS BALANCE INTEREST 2016-17 DEBITS INSTALMENTS BALANCE INTEREST
APR APR 5.41 394.95 4.44
MAY MAY 5.41 389.54 4.53
JUN 422.00 0.00 422.00 4.68 JUN 5.41 384.13 4.32
JUL 0.00 422.00 4.84 JUL 5.41 378.72 4.40
AUG 0.00 422.00 4.84 AUG 5.41 373.31 4.34
SEP 0.00 422.00 4.37 SEP 5.41 367.90 4.14
OCT 0.00 422.00 4.84 OCT 5.41 362.49 4.22
NOV 0.00 422.00 4.68 NOV 5.41 357.08 4.02
DEC 5.41 416.59 4.78 DEC 5.41 351.67 4.09
JAN 5.41 411.18 4.71 JAN 5.41 346.26 4.03
FEB 5.41 405.77 4.20 FEB 5.41 340.85 3.59
MAR 5.41 400.36 4.59 MAR 5.41 335.44 3.91
TOTAL 422.00 21.64 46.53 TOTAL 0.00 64.92 50.04
APR 5.41 330.03 3.72 APR 5.41 265.11 3.00
MAY 5.41 324.62 3.78 MAY 5.41 259.70 3.04
JUN 5.41 319.21 3.60 JUN 5.41 254.29 2.88
JUL 5.41 313.80 3.66 JUL 5.41 248.88 2.92
AUG 5.41 308.39 3.60 AUG 5.41 243.47 2.85
SEP 5.41 302.98 3.42 SEP 5.41 238.06 2.70
OCT 5.41 297.57 3.47 OCT 5.41 232.65 2.73
NOV 5.41 292.16 3.30 NOV 5.41 227.24 2.58
DEC 5.41 286.75 3.35 DEC 5.41 221.83 2.61
JAN 5.41 281.34 3.29 JAN 5.41 216.42 2.54
FEB 5.41 275.93 2.91 FEB 5.41 211.01 2.24
MAR 5.41 270.52 3.16 MAR 5.41 205.60 2.42
TOTAL 0.00 64.92 41.28 TOTAL 0.00 64.92 32.52
APR 5.41 200.19 2.28 APR 5.41 135.27 1.56
MAY 5.41 194.78 2.30 MAY 5.41 129.86 1.55
JUN 5.41 189.37 2.16 JUN 5.41 124.45 1.44
JUL 5.41 183.96 2.17 JUL 5.41 119.04 1.43
AUG 5.41 178.55 2.11 AUG 5.41 113.63 1.37
SEP 5.41 173.14 1.98 SEP 5.41 108.22 1.26
OCT 5.41 167.73 1.99 OCT 5.41 102.81 1.24
NOV 5.41 162.32 1.86 NOV 5.41 97.40 1.18
DEC 5.41 156.91 1.86 DEC 5.41 91.99 1.12
JAN 5.41 151.50 1.80 JAN 5.41 86.58 1.06
FEB 5.41 146.09 1.57 FEB 5.41 81.17 0.99
MAR 5.41 140.68 1.68 MAR 5.41 75.76 0.93
TOTAL 0.00 64.92 23.75 TOTAL 0.00 64.92 15.12
APR 5.41 70.35 0.84 APR 5.41 5.43 0.12
MAY 5.41 64.94 0.81 MAY 5.43 0.00 0.06
JUN 5.41 59.53 0.72 JUN
JUL 5.41 54.12 0.68 JUL
AUG 5.41 48.71 0.62 AUG
SEP 5.41 43.30 0.54 SEP
OCT 5.41 37.89 0.50 OCT
NOV 5.41 32.48 0.42 NOV
DEC 5.41 27.07 0.37 DEC
JAN 5.41 21.66 0.31 JAN
FEB 5.41 16.25 0.22 FEB
MAR 5.41 10.84 0.19 MAR
TOTAL 0.00 64.92 6.22 TOTAL 0.00 10.84 0.18
DEPRECIATION CHART
(Amount in Lacs)
Building Equipment Furniture Total
Depreciation rate 5% 13.91% 15%
Op. value 110.00 475.00 20.00 605.00

Depn 5.50 66.07 3.00 74.57
2015-16
WDV 104.50 408.93 17.00 530.43
0.00
Op. value 104.50 408.93 17.00 530.43
Depn., 5.23 56.88 2.55 64.66
2016-17
WDV 99.28 352.05 14.45 465.77
0.00
Op. value 99.28 352.05 14.45 465.77
Depn., 4.96 48.97 2.17 56.10
2017-18
WDV 94.31 303.08 12.28 409.67
0.00
Op. value 94.31 303.08 12.28 409.67
Depn., 4.72 42.16 1.84 48.72
2018-19
WDV 89.60 260.92 10.44 360.95
0.00
Op. value 89.60 260.92 10.44 360.95
Depn., 4.48 36.29 1.57 42.34
2019-20
WDV 85.12 224.62 8.87 318.61
0.00
Op. value 85.12 224.62 8.87 318.61
Depn., 4.26 31.25 1.33 36.83
2020-21
WDV 80.86 193.38 7.54 281.78
Op. value 80.86 193.38 7.54 281.78

Depn., 4.04 26.90 1.13 32.07
2021-22
WDV 76.82 166.48 6.41 249.71
Op. value 76.82 166.48 6.41 249.71

2022-23 Depn., 3.84 23.16 0.96 27.96
WDV 72.98 143.32 5.45 221.75
PERFORMANCE AND FINANCIAL INDICATORS
Parameters 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
EST PROJ PROJ PROJ PROJ PROJ PROJ PROJ
Domestic Sales(Gross) 173.29 587.64 610.85 640.00 670.68 702.94 736.85 772.47
Export Sales 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Sales 173.29 587.64 610.85 640.00 670.68 702.94 736.85 772.47
% rise/fall (-) in net sales 239.11% 3.95% 4.77% 4.79% 4.81% 4.82% 4.83%
Profit Before tax 70.86 61.51 77.21 90.42 101.37 109.91 116.39 117.60
PBT/ Sales (%) 40.89 10.47 12.64 14.13 15.11 15.64 15.80 15.22
Profit After Tax 49.60 43.06 54.05 63.29 70.96 76.94 81.47 82.32
PBDIT/Interest (times) 3.68 2.72 3.06 3.49 4.05 4.81 6.01 7.17
Cash Accrual 124.17 107.71 110.15 112.01 113.30 113.77 113.54 110.28
Paid Up Capital 318.00 318.00 318.00 318.00 318.00 318.00 318.00 318.00
TNW 367.61 410.66 464.70 528.00 598.96 675.89 757.36 839.68
TOL/TNW (times) 1.70 1.46 1.16 0.90 0.69 0.52 0.38 0.27
Adjusted TNW 367.61 410.66 464.70 528.00 598.96 675.89 757.36 839.68
Adjusted TOL/TNW 1.70 1.46 1.16 0.90 0.69 0.52 0.38 0.27
NWC 215.90 215.41 260.63 307.72 356.10 404.94 453.56 607.08
Current Ratio 1.97 1.82 1.97 2.13 2.29 2.46 2.62 3.68
Other Ratios
Operating Cost/ sales % 59.11 89.53 87.36 85.87 84.89 84.36 84.20 84.78
Net Sales /TTA (times) 0.17 0.58 0.61 0.64 0.66 0.68 0.70 0.72
PBDIT 199.77 199.60 197.99 195.05 190.86 185.26 178.08 169.14
173.29 587.64 610.85 640.00 670.68 702.94 736.85 772.47
EFFICIENCY RATIOS
Years 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
Parameters EST PROJ PROJ PROJ PROJ PROJ PROJ PROJ
Net Sales/ TTA (Times) 0.17 0.58 0.61 0.64 0.66 0.68 0.70 0.72
PBT/ Total Tangible Assets (%) 7.15 6.09 7.70 8.99 9.99 10.68 11.11 11.03
Operating Cost to sales (%) 59.11 89.53 87.36 85.87 84.89 84.36 84.20 84.78
Bank Finance/ Ct. Assets (%) 41.02 37.60 34.04 31.05 28.51 26.36 24.54 21.60
Inventory/Net Sales+
48 18 18 18 18 18 18 19
Receivables/Gross Sales(days)
ROCE (%) (PBDIT/TTA) 20.16 19.77 19.73 19.40 18.80 18.00 16.99 15.87
RISK RATING RELATED RATIOS ( CRA INPUT DATA)
Years 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
Parameters EST PROJ PROJ PROJ PROJ PROJ
TOL/ TNW 1.70 1.46 1.16 0.90 0.69 0.52
Current Ratio 1.97 1.82 1.97 2.13 2.29 2.46
ROCE % 20.16 19.77 19.73 19.40 18.80 18.00
PBDIT/IINTT. 3.68 2.72 3.06 3.49 4.05 4.81
PAT/Operating Income(%) 28.62 7.33 8.85 9.89 10.58 10.95
INV./N.Sale+REC./G.SALES
(DAY) 48 18 18 18 18 18
Historical Comparison
Last 3 yrs. Last year Lastest Next year
Parameters Industry Ratio
Average project Ratio project
TOL/ TNW 1.44 2.08 1.46 0.52 Data Not Available
Current Ratio 1.92 1.56 1.82 2.46 Data Not Available
ROCE % 19.89 9.59 19.77 18.00 Data Not Available
PBDIT/IINTT. 3.15 2.54 2.72 4.81 Data Not Available
PAT/Operating Income(%) 14.93 -8.87 7.33 10.95 Data Not Available
INV./N.Sale+REC./G.SALES(DAY) 28 12 18 18 Data Not Available
FUND FLOW
2016-17 2017-18 2018-19 2019-20 2020-21
1. SOURCES PROJ PROJ PROJ PROJ PROJ
a. Net Profit (After Tax) 43.06 54.05 63.29 70.96 76.94
b. Depreciation 64.66 56.10 48.72 42.34 36.83
c Increase in Capital 0.00 0.00 0.00 0.00 0.00
d. Increase In TL. Incl.public deposits 0.00 0.00 0.00 0.00 0.00
e. Decrease in
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 Others 0.00 0.00 0.00 0.00 0.00
g. Total 107.71 110.15 112.01 113.30 113.77
2. USES
a. Net Loss 0.00 0.00 0.00 0.00 0.00
b. Dec.in Term Liab. incl. Pub.Dep. 64.92 64.92 64.92 64.92 64.92
c. Increase in
i) Fixed Assets 0.00 0.00 0.00 0.00 0.00
ii) Other Non current assets 43.28 0.00 0.00 0.00 0.00
d. Dividend Payment 0.00 0.00 0.00 0.00 0.00
e Others 0.00 0.00 0.00 0.00 0.00
f Total 108.20 64.92 64.92 64.92 64.92
FUNDS FLOW STATEMENT
(Summary)
2016-17 2017-18 2018-19 2019-20 2020-21
Particulars PROJ PROJ PROJ PROJ PROJ
I Long Term Surplus/Deficit -0.49 45.23 47.09 48.38 48.85
ii Increase/decrease in Curr. Assts. 39.98 49.94 51.05 51.66 51.40
iii Inc./Dec. in CL other than BB 40.47 4.71 3.96 3.29 2.56
iv Inc./Dec. in WC Gap -0.49 45.23 47.09 48.38 48.84
v Net Surplus (+) Deficit (-) 0.00 0.00 0.00 0.00 0.01
vi Inc./Dec. in Bank Borrowings 0.00 0.00 0.00 0.00 0.00
FUNDS FLOW STATEMENT
2016-17 2017-18 2018-19 2019-20 2020-21

Long Term Sources 107.71 110.15 112.01 113.30 113.77
Long Term Uses 108.20 64.92 64.92 64.92 64.92
Surplus/Deficit -0.49 45.23 47.09 48.38 48.85
Movement of TNW
2016-17 2017-18 2018-19 2019-20 2020-21
Opening balance 367.61 410.66 464.70 528.00 598.96
1 Add.
i Profit/(-)Loss after Tax 43.05 54.05 63.29 70.96 76.94
ii Increase in Capital 0.00 0.00 0.00 0.00 0.00
iii Dec. in Intang. Assets 0.00 0.00 0.00 0.00 0.00
iv) Others 0.00 0.00 0.00 0.00 0.00
2 Less
Div Paid(Incl.Tax)/Withdrawals 0.00 0.00 0.00 0.00 0.00
TNW 410.66 464.71 527.99 598.96 675.89
VALID STATEMENT
Base Year: 2016/Manufacturing (Amount in Lacs)
Valid Statement
YEAR 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
Is Balance Sheet ASSETS Y Y Y Y Y N
are equal to LIABILITIES
Balance Sheet Total ASSETS 990.87 1009.47 1003.31 1005.64 1014.97 1029.53
Balance Sheet Total LIABILITIES 990.87 1009.47 1003.31 1005.64 1014.97 1029.54
Diff Assets- liabilities 0.00 0.00 0.00 0.00 0.00 -0.01
Is Balance Sheet SIP Closing stock Y Y Y Y Y Y

Equal to OP-Stmt. SIP Closing Stock
SIP Closing Stock :Asset Staement. 0.00 0.00 0.00 0.00 0.00 0.00
SIP Closing Stock : Operating Stmt. 0.00 0.00 0.00 0.00 0.00 0.00
Diff 0.00 0.00 0.00 0.00 0.00 0.00
Is Balance Sheet FG Closing stock Y Y Y Y Y Y
Equal to OP-Stmt. FG Closing Stock
FG Closing Stock : Asst. Stmt. 223.41 228.47 239.95 253.40 268.84 286.32
FG Closing Stock : OP. Statement 223.41 228.47 239.95 253.40 268.84 286.32
Diff 0.00 0.00 0.00 0.00 0.00 0.00
Is Balance Sheet Depreciation Y Y Y Y Y
Equal to OP-Stmt. Depreciation
Balance Sheet Depreciation 74.57 139.23 195.33 244.05 286.39 323.22
Operating profit depreciation 74.57 64.66 56.10 48.72 42.34 36.83
Diff 0.00 74.57 139.23 195.33 244.05 286.39
Is B/S Profit/Loss tally with Loss&Profit N N N N N
Loss & profit in Lib. Statements 0.00 0.00 0.00 0.00 0.00 0.00
Loss & profit in Op. Statements 49.60 43.06 54.05 63.29 70.96 76.94
-49.60 -43.06 -54.05 -63.29 -70.96 -76.94
PROFIT AFTER TAX 49.60 43.06 54.05 63.29 70.96 76.94
Dividend 0.00 0.00 0.00 0.00 0.00 0.00
Adj. Sales = Net Sales+Increase 396.70 592.70 622.33 653.45 686.12 720.43
in FG & SIP
RM/ Adj. Sales (%) 42.90 51.23 52.76 54.35 55.98 57.65
Spares/ Adj. Sales (%) 0.25 0.70 0.70 0.70 0.70 0.70
Power & Fuel/ Adj. Sales(%) 0.74 1.57 1.57 1.57 1.57 1.57
Labour/ Adj. Sales (%) 1.38 3.06 3.20 3.36 3.52 3.68
Other Mfg Exp./Adj. Sales (%) 2.18 4.82 5.05 5.29 5.54 5.80
Cost of Prod./ Adj. Sales(%) 66.26 72.27 72.29 72.71 73.47 74.52
Cost Of sales / Sale (%) 22.75 72.04 71.77 72.14 72.86 73.88
PBDIT 199.77 199.60 197.99 195.05 190.86 185.26
Selling+General Exp/Adj Sales % 2.18 4.96 4.91 4.90 4.89 4.88

Is FAs Additions>TLs raised Y Y Y Y Y
Increase in FA 0.00 0.00 0.00 0.00 0.00
Increase in TL -21.64 -64.92 -64.92 -64.92 -64.92
Is Cash Accrual>TL Installment Y Y Y Y Y

Cash Accrual 107.71 110.15 112.01 113.30 113.77
TL installment 64.92 64.92 64.92 64.92 64.92
Net DSCR 1.66 1.70 1.73 1.75 1.75
NAME OF THE UNIT M/S SAMRAJYALAKSHMI SURGICALS
A. INVENTORY & RECEIVABLES HOLDING LEVELS (Amt.In Lacs & Period in Months)
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
Particulars EST PROJ PROJ PROJ PROJ PROJ PROJ
Raw Material :a)Indegenous 21.27 12.65 13.68 14.80 16.00 17.31 #REF!
0.13 0.04 0.04 0.04 0.04 0.04 #REF!
b) Imported 0.00 0.00 0.00 0.00 0.00 0.00 #REF!
0.00 0.00 0.00 0.00 0.00 0.00 #REF!
Stock in Process 0.00 0.00 0.00 0.00 0.00 0.00 #REF!
0.00 0.00 0.00 0.00 0.00 0.00 #REF!
Finished Goods 223.41 228.47 239.95 253.40 268.84 286.32 #REF!
5.67 0.54 0.55 0.55 0.55 0.55 #REF!
Other Spares : a)Indigenous 0.00 0.00 0.00 0.00 0.00 0.00 #REF!
/Consumables 0.00 0.00 0.00 0.00 0.00 0.00 #REF!
b) Imported 0.00 0.00 0.00 0.00 0.00 0.00 #REF!
0.00 0.00 0.00 0.00 0.00 0.00 #REF!
Receivables : a) Domestic 25.99 97.94 101.81 106.67 111.78 117.16 #REF!
0.15 0.17 0.17 0.17 0.17 0.17 #REF!
b) Export 0.00 0.00 0.00 0.00 0.00 0.00 #REF!
0.00 0.00 0.00 0.00 0.00 0.00 #REF!
Advance Payments 0.00 0.00 0.00 0.00 0.00 0.00 #REF!
S. Creditors 0.00 0.00 0.00 0.00 0.00 0.00 #REF!
0.00 0.00 0.00 0.00 0.00 0.00 #VALUE!
Other Creditors 42.90 83.37 88.08 92.05 95.33 97.89 #VALUE!
Other Current Assets 168.12 139.72 173.28 204.91 234.81 262.04 #VALUE!
B. ABF ASSESSMENT (Amount In Lacs)

2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
Particulars EST PROJ PROJ PROJ PROJ PROJ PROJ
Total CA 438.80 478.78 528.72 579.77 631.43 682.83 #REF!
Other CL(Ex. Bank Borr.) 42.90 83.37 88.08 92.05 95.33 97.89 #REF!
Working Capital Gap 395.90 395.41 440.63 487.72 536.10 584.94 #REF!
Net Working Capital 215.90 215.41 260.63 307.72 356.10 404.94 453.56
Assessed Bank Finance 180.00 180.00 180.00 180.00 180.00 180.00 #REF!
NWC to TCA (%) 49.20 44.99 49.30 53.08 56.40 59.30 #REF!
Bank Finance to TCA % 41.02 37.60 34.04 31.05 28.51 26.36 #REF!
S. Cr. To TCA (%) 0.00 0.00 0.00 0.00 0.00 0.00 #VALUE!
Other CL to TCA (%) 9.78 17.41 16.66 15.88 15.10 14.34 #VALUE!
Inv. To Net sales (days) 424 123 125 126 127 130 #VALUE!
Rec. to gross sales(days) 45 50 50 50 50 50 #VALUE!
S. Cr.To purchases(days) 0 0 0 0 0 0 #VALUE!
C. Traditional method (Amount In Lacs)

Monthly Net Sales 48.97
Monthly cost of production 35.28
Cost of one month of raw material consumption 25.64
Holding Working Margin Margin Loan
Period Capital Amount Amount
Required
RM: Domestic 0.04 12.65 % #VALUE! #VALUE!
:Imported 0.00 0.00 0.00% 0.00 0.00
STOCK IN PROCESS 0.00 0.00 0.00% 0.00 0.00
FINISH GOODS 0.54 228.47 0.00% 0.00 228.47
Consumables: Domestic 0.00 0.00 0.00% 0.00 0.00
/ Spares : Imported 0.00 0.00 0.00% 0.00 0.00
RECEIVABLES:Domestic 0.17 97.94 0.00% 0.00 97.94
:Imported 0.00 0.00 0.00% 0.00 0.00
Advance Payments 0.00 0.00% 0.00 0.00
Other Expenses 1.00 7.11 100.00% 7.11 0.00
( One Month )
TOTAL 346.17 #VALUE! #VALUE!
(Amount In Lacs)
Total
Working Capital Required 346.17
LESS
Applicant contribution/ NWC 215.90
Sundry Creditors 0.00
Permissible Working Capital 130.27
Limit
Recommended Working 250.00
Capital Limit
D. NAYAK COMMITTEE APPROACH:

(Amount In Lacs)
Particulars 2016-17
a. Projected Annual Turnover (including Excise duty) 587.64
b. Total W.C. required [25% of ( a)] 146.91
c. Borrower's margin [Minimum 5% of (a) or 20% of (b)] 29.38
d. Minimum W.C. limit to be sanctioned [80% of (b) ] 117.53
e. Recommended Working Capital limit 250.00
E. Computation of LC limits :
(Amount In Lacs)
Annual RM Cons.under LC 0.00
Monthly RM purchases 0.00
Usance 0.00
Lead time 0.00
L/C Limit required 0.00
Recommended LC limit 0.00
F. Assessment of BG limit:
(Amount In Lacs)
Outstanding BGs 0.00
Add: BGs required during the period 2006-07 0.00
Less : Estimated maturity/cancellation 0.00
Requirements of BGs 0.00
Recommended BG limit 0.00
B/G if invoked any time 0.00
G. EFFICIENCY RATIOS :
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

Particulars
EST PROJ PROJ PROJ PROJ PROJ PROJ
Net Sales/ Total Tangible 0.17 0.58 0.61 0.64 0.66 0.68 #VALUE!
PBT/ Total Tangible Assets (%) 7.15 6.09 7.70 8.99 9.99 10.68 #VALUE!
Operating Cost to sales (%) 59.11 89.53 87.36 85.87 84.89 84.36 #VALUE!
Bank Finance/ Ct. Assets (%) 41.02 37.60 34.04 31.05 28.51 26.36 #VALUE!
Inventory+ Receivables to net

469 173 175 176 177 180 #VALUE!
Sales
ROCE(%) (PBDIT/TTA) 20.16 19.77 19.73 19.40 18.80 18.00 16.99
acs & Period in Months)
2022-23
PROJ
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#VALUE!
#VALUE!
#VALUE!
(Amount In Lacs)
2022-23
PROJ
#REF!
#REF!
#REF!
607.08
#REF!
#REF!
#REF!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
2022-23
PROJ
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
15.87
NAME OF THE UNIT M/S SAMRAJYALAKSHMI SURGICALS Base Year: 2016/Manufacturing
A. SECURITY:
PRIMARY SECURITY :
Facility Security
CC(Stock) 0
CC(BD/Biils) 0
Hyp/Mortg etc 0
COLLATERALS: (Amount in Lac)

A. Immovable & Movable Securities
Name of
Charge Deed Date of Date of Value (In
Sl security Location Area
Tpye No. Deed Valuation Lac)
holder
1 0 0 0 0 0 0.00 0 0.00
2 0 0 0 0 0 0.00 0 0.00
3 0 0 0 0 0 0.00 0 0.00
4 0 0 0 0 0 0.00 0 0.00
5 0 0 0 0 0 0.00 0 0.00
6 0 0 0 0 0 0.00 0 0.00
7 0 0 0 0 0 0.00 0 0.00
B. Liquid Securities
Sl Type Name of the Security Holder Details Value
1 STDR 0 0 0.00
2 LIC 0 0 0.00
3 KVP 0 0 0.00
4 MF 0 0 0.00
Total Value of Security 0.00
Guarantee :
Sl Name & Address Net Means(In Lac) Dt. of Opinion Report
1 0 0.00 0.00
2 0 0.00 0.00
3 0 0.00 0.00
4 0 0.00 0.00
5 0 0.00 0.00
6 0 0.00 0.00
7 0 0.00 0.00
8 0 0.00 0.00
9 0 0.00 0.00
B. MARGINS : (FOR EACH FACILITY AS APPLICABLE):

Cash Credit: Existing Proposed
RM: Domestic 0% %
Imported 0% 0%
SIP 0% 0%
FG 0% 0%
Consumables/ Spares : Domestic 0% 0%
: Imported 0% 0%
Receivables : Domestic 0% 0%
: Imported 0% 0%
Advance Payments 0% 0%
Non-fund Limit: Existing Proposed
Letter of Credit 0% 0%
BG 0% 0%
C. RATE OF INTEREST:
Working Capital Term Loan
CRA $ SB6 SB6
Pricing SB3 SB3
** (CRA based up on Audited B/s as on 2017-18 )
D. REPAYMENT SCHEDULE :
Cash Credit: On Demand
Term Loan : As Below
(Amount in Lac)
Particulars 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 0
Balance 0.00 428.76 355.08 281.40 207.71 134.16 0.00
APR
0.00 9.85 9.13 8.41 7.69 6.97 0.00
MAY
0.00 9.94 9.19 8.45 7.71 6.96 0.00
JUN
0.00 9.73 9.01 8.29 7.57 6.85 0.00
JUL
0.00 9.81 9.07 8.33 7.58 6.84 0.00
AUG 0.00 9.75 9.01 8.26 7.52 6.78 0.00
SEP 0.00 9.55 8.83 8.11 7.39 6.67 0.00
OCT #REF! 9.63 8.88 8.14 7.40 6.65 0.00
NOV 0.00 9.43 8.71 7.99 7.27 6.59 0.00
DEC 5.41 9.50 8.76 8.02 7.27 6.53 0.00
JAN 5.41 9.44 8.70 7.95 7.21 6.47 0.00
FEB 5.41 9.00 8.32 7.65 6.98 6.40 0.00
MAR 5.41 9.32 8.57 7.83 7.09 6.34 0.00
Total
21.64 114.96 106.20 97.44 88.67 80.04 0.00
Repayment in
Yr

CMA Data Analysis

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CMA DATA

M/S SAMRAJYALAKSHMI SURGICALS

B. CMA Input Years

C. Last Year Projection 2014-15 Prv. PROJ

Input for CRA

Parameters Last 3 yrs Average

**Choosing Correct option here is

Current Ratio 1.92 1.56 1.82 2.46

ROCE % 19.89 9.59 19.77 18.00

Input for WC & ABF

D Computation of LC/ BG Limit

Input for TL & BE

E TL Disbursement & Installments

Average Gross DSCR

Notice Board (Repayment Schedule ,In Lacs)

G INPUT FOR BREAK EVEN ANALYSIS

Input for Security

2019-20 2020-21 2021-22 2022-23 NA

2020-21 2021-22 2022-23 Notice

Input from CMA

Input from CMA

TL Disb. Date TL Repy Start Date

2020-21 2021-22 2022-23

2020-21 2021-22 2022-23

2019-20 2020-21 2021-22 2022-23

2019-20 2020-21 2021-22 2022-23

. of Opinion Report Notice Board

2 Building & Auxiliary Structures 110.00 110.00

3 Machinery & Equipment 475.00 475.00

4 Furniture & Office Equipment 20.00 20.00

5 Laboratory Equipment 35.00 35.00

6 Fire Fighting Equipment 20.00 20.00

5 Working Capital 240.00 240.00

TOTAL 920.00 920.00

1 Share Capital 318.00 318.00

2 Term Loan From Bank 422.00 422.00

3 FBWC 180.00 180.00

TOTAL 920.00 920.00

POWER & FUEL

SALARY & WAGES

STORES CONSUMABLES & SPARE

REPAIRS & MAINTENANCE

SELLING & GENERAL ADMINISTRATIVE EXPENSES

318.00 318.00 318.00 318.00

140.68 75.76 10.84 -

30.41 32.97 34.92 35.28

605.00 605.00 605.00 605.00

284.84 303.63 324.64 347.96

204.40 229.08 251.05 321.23

950.05 964.61 983.11 1,054.95

Opening Stock in process 0.00 0.00 0.00 0.00 0.00

Opening Stock of Finished Goods 0.00 223.41 228.47 239.95 253.40

Gross Sales 173.29 587.64 610.85 640.00 670.68

192.97 202.62 212.75

300000.00 300000.00 300000.00

0.00 0.00 0.00

268.84 286.32 305.92

702.94 736.85 772.47

(A) SOURCES OF FUND:

1 Cash Accruals (viz. Profit before 125.20 134.94 141.89 146.33

2 Increase in Capital 318.00 - - -

3 Depreciation 74.57 64.66 56.10 48.72