Cma - Akshar

BANK OF BARODA
AKSHAR TRADERS
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

( Applicable to Units engaged in Trading activity )
FORM - I
Particulars of the Existing / Proposed limits from the Banking System

( Limits from all Banks and Financial Institutions as on date of Application)
A. WORKING CAPITAL LIMITS

(Rs. in Lacs.)
EXTENT TO WHICH LIMITS

NAME OF BANK WERE UTILISED DURING THE BALANCE
SR. NATURE OF EXISTING LIMITS NOW
FINANCIAL LAST 12 MONTHS O/S AS ON
NO. FACILITY LIMITS REQUIRED
INSTITUTION 31.03.2012
MAXIMUM MINIMUM
1 2 3 4 5 6 7 8
1 DENA BANK OD NIL - 20.00
B. TERM LOANS/ DPGs (EXCLUDING WORKING CAPITAL T/L)

(Rs. in Lacs.)
NAME OF BANK
SR. SANCTIONED OVERDUES IF
FINANCIAL OUTSTANDING AS ON REMARKS
NO. LIMITS ANY
INSTITUTION
1 2 3 4 5 6
NIL
BANK OF BARODA
AKSHAR TRADERS CMA 2015-16

OPERATING STATEMENT RS. IN LACS
PARTICULARS Actual Actual Estimated Projected
Years 2012-13 2013-14 2014-15 2015-16 2016-17

Operating months 12 12 12 12 12
Operating Statement
1 i. Domestic Sale 31.44 85.97 122.17 140.50 161.57
ii. Other Income 1.68 0.03 5.45 6.27 12.75
1 Total Gross Sales 33.12 86.00 127.62 146.76 174.32
2 Less : Excise Duty 0.00 0.00 0.00 0.00 0.00
3 Net Sales (1-2) 33.12 86.00 127.62 146.76 174.32
4 Growth in sales 27% 48% 15% 19%
Cost of Sales
5 a. Raw Material (Imported ) 0.00 0.00 0.00 0.00 0.00
b. Raw material (Indigenous) 44.55 55.34 111.17 127.85 137.33
c. Stores & Spares (Imported) 0.00 0.00 0.00 0.00 0.00
d. Stores & Spares (Indigenous) 0.00 0.00 0.00 0.00 0.00
6 Trading Expenses 0.00 0.00 0.00 0.00 0.00
7 Employee Benefit Expenses 0.00 0.00 0.00 0.00 0.00
8 Repairs and maintainance 0.00 0.00 0.00 0.00 0.00
9 Mfg. Expenses 0.87 5.18 6.48 8.09 9.71
10 Depreciation 0.55 0.47 0.05 0.04 0.03
11 Others expenses 0.00 0.00 0.00 0.00 0.00
a 0.00 0.00 0.00 0.00 0.00
b 0.00 0.00 0.00 0.00 0.00
Sub Total 45.97 60.99 117.70 135.98 147.08
12 Add: Opening Stock Of Raw Material 0.00 0.00 0.00 0.00 0.00
Sub Total 45.97 60.99 117.70 135.98 147.08
13 Deduct : Closing Stock in Raw Material 0.00 0.00 0.00 0.00 0.00
Cost of Production 45.97 60.99 117.70 135.98 147.08
14 Add: Opening Stock of Finished Goods 19.95 40.93 29.49 40.17 57.74
Sub Total 65.92 101.92 147.19 176.15 204.82
15 Deduct : Closing Stock of Finished Goods 40.93 29.49 40.17 57.74 66.40
Sub Total ( Total Cost of Sales) 24.99 72.43 107.02 118.41 138.42
16 Gross profit 8.13 13.57 20.60 28.35 35.90
Gross Profit/ Sales 24.55% 15.78% 16.14% 19.32% 20.60%
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BANK OF BARODA 0.00

Years 2012-13 2013-14 2014-15 2015-16 2016-17
17 Selling Expenses 0.00 0.00 0.00 0.00 0.00
18 Administrative Expenses 5.43 7.17 9.32 13.98 18.18
Sub Total 30.42 79.60 116.34 132.40 156.59
19 Operating Profit before interest 2.70 6.40 11.28 14.37 17.73
a. Interest on CC. 0.00 0.00 0.00 1.15 1.15
b.Interest on TERM LOAN 0.00 0.00 0.00 0.00 0.00
c.Other interests 0.00 1.69 2.91 3.25 5.26
20 Total Interest 0.00 1.69 2.91 4.40 6.41
21 Operating Profit after Interest 2.70 4.71 8.37 9.97 11.32
22 Add: Other non operating Income

a Interest/Dividend/Royalties etc.. 0.00 0.00 0.00 0.00 0.00
b Rate Difference on Forex 0.00 0.00 0.00 0.00 0.00
c (b) Other 0.00 0.00 0.00 0.00 0.00
Sub Total 0.00 0.00 0.00 0.00 0.00
23 Deduct other non operating expenses
a Interest/Dividend/Royalties etc.. 0.00 0.00 0.00 0.00 0.00
b Other Expenses 0.00 0.00 0.00 0.00 0.00
c Intangibles written off -1 0.00 0.00 0.00 0.00 0.00
d Partners' remuneration 0.00 0.00 0.00 0.00 0.00
e Interest to Partners capital 0.00 0.00 0.00 0.00 0.00
Sub Total 0.00 0.00 0.00 0.00 0.00
Net of other non operating
24 0.00 0.00 0.00 0.00 0.00
Income/Expenses
25 Profit before Tax /Loss (PBT) 2.70 4.71 8.37 9.97 11.32
26 Provision for IT Taxes 0.00 0.00 0.00 0.00 0.00
Provision for DTA/(DTL) 0.00 0.00 0.00 0.00 0.00
27 Net Profit/Loss (PAT) 2.70 4.71 8.37 9.97 11.32
28 Cash Accruals 3.25 5.18 8.42 10.01 11.35
29 Dividend paid + IT on Dividend 0.00 0.00 0.00 0.00 0.00
30 Retained Profit 2.70 4.71 8.37 9.97 11.32

31 Retained Cash Profits 3.25 5.18 8.42 10.01 11.35
32 RM Content in sales 82% 74% 80% 78% 75%
33 PBDIT 3.25 6.87 11.33 14.41 17.76
34 PBDIT/Sales 9.81% 7.99% 8.88% 9.82% 10.19%
35 Operating Profits/Sales 8.15% 5.48% 6.56% 6.79% 6.49%
36 PBT/Sales 8.15% 5.48% 6.56% 6.79% 6.49%
37 PAT/Sales 8.15% 5.48% 6.56% 6.79% 6.49%
38 Cash Accruals/ Sales 9.81% 6.02% 6.60% 6.82% 6.51%
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ANALYSIS OF BALANCE SHEET - LIABILITIES RS. IN LACS
Years 2012-13 2013-14 2014-15 2015-16 2016-17
LIABILITIES
Current Liabilities
Short Term loans from Applicant Bank

1 0.00 0.00 0.00 10.00 10.00
including BP &BD
Short Term loans From Other banks

0.00 0.00 0.00 0.00 0.00
including BP &BD
Sub Total (A) 0.00 0.00 0.00 10.00 10.00
2 Short Term Borrowings from Others 0.00 0.00 0.00 0.00 0.00
3 Sundry Creditors (Trade) 9.90 11.60 16.52 15.69 17.26
4 Sundry Creditors (Expenses ) 0.00 0.00 0.00 0.00 0.00
5 Net Provision for Taxation (if positive) 0.00 0.00 0.00 0.00 0.00
6 Dividend Payable 0.00 0.00 0.00 0.00 0.00
7 Other Statutory Liab. (Due within one Year) 0.00 0.00 0.00 0.00 0.00
8 Overdue Term Liabilities 0.00 0.00 0.00 0.00 0.00
Installments of term Loan/ DPGs/

9 Deposits/ debentures due within next 0.00 0.00 0.00 0.00 0.00
year
Other Current Liabilities & Provisions (due
10 0.00 0.00 0.00 0.00 0.00
with in one year)
Other Current Liabilities & Provisions (due

a 0.00 0.00 0.00 0.00 0.00
with in one year)
b sundry creditors (for expense) 0.00 0.00 0.00 0.00 0.00
c Byer's Credit 0.00 0.00 0.00 0.00 0.00
d un sec.ln. (directors & shareholder) 0.00 0.00 0.00 0.00 0.00
11 Sub Total (B) 9.90 11.60 16.52 15.69 17.26
12 TOTAL CURRENT LIABILITIES 9.90 11.60 16.52 25.69 27.26
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ANALYSIS OF BALANCE SHEET - LIABILITIES RS. IN LACS

Years 2012-13 2013-14 2014-15 2015-16 2016-17
TERM LIABILITIES
13 Debentures (not maturing within one Year) 0.00 0.00 0.00 0.00 0.00
14 Preference Shares (redeemable after 1 year) 0.00 0.00 0.00 0.00 0.00
14 Term Loan from Bank(Less next Year Instalments) 0.68 0.00 0.00 0.00 0.00
Term Loan from Other Banks/Inst.(Ecl.

14 0.00 0.00 0.00 0.00 0.00
Instal.due next Yr.)
Deferred Payments Credits (Ecl.
15 0.00 0.00 0.00 0.00 0.00
Instal.due next Yr.)
16 Term deposits (Ecl. Instal.due next Yr.) 0.00 0.00 0.00 0.00 0.00
17 Other term Liabilities 18.30 19.99 22.90 26.15 31.41
a Unsecured Loan 18.30 19.99 22.90 26.15 31.41
b Creditors for Capital Expenditure 0.00 0.00 0.00 0.00 0.00
c Other term liabilities 0.00 0.00 0.00 0.00 0.00
18 TOTAL TERM LIABILITIES 18.98 19.99 22.90 26.15 31.41
19 TOTAL OF OUTSIDE LIABILITIES 28.88 31.59 39.42 51.84 58.67
NET WORTH
20 Capital 18.52 21.04 25.13 32.30 40.95
21 Add : New Capital 0.00 0.00 0.00 0.00 0.00
22 Less : Withdrawal -0.18 -0.62 -1.20 -1.32 -1.34
23 Adjustments for previous Year costs 0.00 0.00 0.00 0.00 0.00
24 Other reserves (excluding Provisions) 0.00 0.00 0.00 0.00 0.00
25 Others 0.00 0.00 0.00 0.00 0.00
a DTL 0.00 0.00 0.00 0.00 0.00
b profit & loss a/c 0.00 0.00 0.00 0.00 0.00
c Share Premium 0.00 0.00 0.00 0.00 0.00
26 Surplus (+) or deficit (-) in Profit & Loss a/c 2.70 4.71 8.37 9.97 11.32
27 NET WORTH 21.04 25.13 32.30 40.95 50.92
28 TOTAL LIABILITIES (18+24) 49.92 56.72 71.72 92.79 109.60
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BANK OF BARODA 0.00
ANALYSIS OF BALANCE SHEET - ASSETS RS. IN LACS

Years 2012-13 2013-14 2014-15 2015-16 2016-17
ASSETS
Current Assets
1 Cash & Bank Balances 1.30 5.91 3.70 5.43 6.89
2 Fixed Deposits With Banks 0.00 0.00 0.00 0.00 0.00
3 Deposits 0.00 0.00 0.00 0.00 0.00
4 Domestic Receivables including BP/BD 0.00 14.44 41.96 58.30 54.92
5 Export Receivables including BP/BD) 0.00 0.00 0.00 0.00 0.00
6 Deferred receivables(due within one year) 0.00 0.00 0.00 0.00 0.00
7 Imported Raw Material 0.00 0.00 0.00 0.00 0.00
8 Indigenous Rawmaterial 0.00 0.00 0.00 0.00 0.00
9 Stock in Process 0.03 0.00 0.00 0.00 0.00
10 Traded Goods 40.93 29.49 40.17 57.74 66.40
11 imported Consumables 0.00 0.00 0.00 0.00 0.00
12 Indigenous consumables 0.00 0.00 0.00 0.00 0.00
a. Packing Material 0.00 0.00 0.00 0.00 0.00
13 Advances to Suppliers 0.00 0.00 0.00 0.00 0.00
14 Net Advance Payment of Taxes (if positive) 0.40 0.10 0.12 0.00 0.00
15 Other Current Assets (specify major items) 0.00 0.00 0.00 0.00 0.00
a short term loan and advances 0.00 0.00 0.00 0.00 0.00
d Prepaid Expenses 0.00 0.00 0.00 0.00 0.00
16 TOTAL CURRENT ASSETS 42.66 49.94 85.95 121.47 128.21
FIXED ASSETS
17 Gross Block (Land & Building Machinery 3.22 3.21 3.21 3.21 3.21
18 Add Capital expenditure in wirk-in-process 0.00 0.00 0.00 0.00 0.00
19 Depreciation to Date 0.01 0.48 0.53 0.57 0.60
20 Net Block 3.21 2.73 2.68 2.64 2.61
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BANK OF BARODA 0.00
Years 2012-13 2013-14 2014-15 2015-16 2016-17
21 OTHER NON CURRENT ASSETS
a Investments in Sub. cos./ affiliates 0.00 0.00 0.00 0.00 0.00
b Investment in Others 4.05 4.05 4.05 4.05 4.05
c Advance to suppliers of Capital goods & Contractors 0.00 0.00 0.00 0.00 0.00
d Deferred Receivables(Maturng after a year) 0.00 0.00 0.00 0.00 0.00
e Other Non-current investments 0.00 0.00 0.00 0.00 0.00
f Non Consumable Stores & Spares 0.00 0.00 0.00 0.00 0.00
Long oustanding dues &Other non Current Assets

g 0.00 0.00 0.00 0.00 0.00
/dues from Directors
h Others 0.00 0.00 0.00 0.00 0.00
i 0.00 0.00 0.00 0.00
TOTAL OTHER NON CURRENT ASSETS 4.05 4.05 4.05 4.05 4.05
22 Intangible Assets
a Preliminary Expenses 0.00 0.00 0.00 0.00 0.00
b Deffered Revenue expenditures 0.00 0.00 0.00 0.00 0.00
c Other Intangibles (patents, goodwill, etc.) 0.00 0.00 0.00 0.00 0.00
d Prepaid Expenses 0.00 0.00 0.00 0.00 0.00
e 0.00 0.00 0.00 0.00 0.00
23 Total Intangible Assets 0.00 0.00 0.00 0.00 0.00
24 TOTAL ASSETS 49.92 56.72 92.68 128.16 134.87
49 TANGIBLE NET WORTH (TNW) 21.22 25.75 33.50 42.27 52.26
50 NET WORKING CAPITAL (NWC) 32.76 38.34 69.43 95.78 100.95
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BANK OF BARODA 0.00
Years 2012-13 2013-14 2014-15 2015-16 2016-17
Movement of TNW
Opening TNW 4.85 21.22 25.31 32.48 41.13
Plough back of profit 2.70 4.71 8.37 9.97 11.32
Increase in capital/reserves 18.34 -0.62 -1.20 -1.32 -1.34
Intangibles written off 0.00 0.00 0.00 0.00 0.00
Closing TNW 21.22 25.31 32.48 41.13 51.10
Current Ratio 4.31 4.31 5.20 4.73 4.70
Debt/Equity 0.89 0.78 0.68 0.62 0.60
TOL/Equity 1.36 1.23 1.18 1.23 1.12
Current Assets/Tangible Assets 85.46% 88.05% 92.74% 94.78% 95.06%
ROCE(PBDIT incl.Other income/TTA) 0.07 0.12 0.12 0.11 0.13
Inentory+Receivables as days of Net Sales 451 186 235 289 254
ADDITIONAL INFORMATION
a. Arrears of Depreciation
b. Contingent Liabilities
c. Arrears of Cumulative Dividends
d. Gratuity Liability not Provided for
e.Dispute Custom/Excise/ Tax Liabilities
f. Other Liabilities not provided for
Page 8
Check Points 2012-13 2013-14 2014-15 2015-16 2016-17
1 Difference in Assets & Liabilities 0.00 0.00 20.96 35.37 25.27
2 Increase in cap.& reserves beyond retained profit 18.52 2.52 4.09 7.17 8.65
Difference in intangibles written off in balance Sheet
3 0.00 0.00 0.00 0.00 0.00
and shown in P&L account
Repayment Schedule
Term Loan Repayment 0.68 -0.68 0.00 0.00 0.00
By default the programme considers the entire net block as security & entire Term Liability for calculation of
Security cover. But if a portion of security/ TL is to be considered, give the figures below.
Our Term Loan
Security Available
Collateral security available for TL
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BANK OF BARODA 0.00
COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES RS. IN LACS
Years 2012-13 2013-14 2014-15 2015-16 2016-17
A. WORKING CAPITAL ASSESSMENT
Stock of Imported RM -Days Consumption 0 0 0 0 0
Stock of Indiginous RM - Days Consumption 0 0 0 0 0
Imported Consumables - (Days Consumption) 0 0 0 0 0
Indiginous Consumables - (Days Consumption) 0 0 0 0 0
Stock in process- (Days of Cost of Production) 0 0 0 0 0
Finished Goods - (Days Cost of Sales) 598 149 137 178 175
Total Inventory 40.96 29.49 40.17 57.74 66.40
Total Inventory/Sales (days) 451 125 115 144 139
Domestic receivables (Days Gross dom.Sales) 0 61 125 151 124
Export Receivables - (Days Exports) 0 0 0 0 0
Total Receivables 0.00 14.44 41.96 58.30 54.92
Total Receivables/Gross Sales (days) 0 61 120 145 115
Creditors - (days Consumption) 81 77 54 45 46
Total Current Assets 42.66 49.94 85.95 121.47 128.21
Financed by
Sundry Cr. % of Current Assets 23.21% 23.23% 19.22% 12.92% 13.46%
Other Curr. Liab.% of Current Assets 0.00% 0.00% 0.00% 0.00% 0.00%
Bank Finance % of Current Assets 0.00% 0.00% 0.00% 8.23% 7.80%
NWC % to Current Assets 76.79% 76.77% 80.78% 78.85% 78.74%
100.00% 100.00% 100.00% 100.00% 100.00%
B BANK BORROWING ASSESSMENTS
Total Current assets 42.66 49.94 85.95 121.47 128.21
Other Current Liabilities 9.90 11.60 16.52 15.69 17.26
Working Capital gap 32.76 38.34 69.43 105.78 110.95
Net Working capital 32.76 38.34 69.43 95.78 100.95
Bank Finance 0.00 0.00 0.00 10.00 10.00
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Fund Flow Analysis RS. IN LACS
Years 2012-13 2013-14 2014-15 2015-16 2016-17
FUND FLOW ANALYSIS

1 LONG TERM SOURCES
Profit after Tax 4.71 8.37 9.97 11.32
Depreciation 0.47 0.05 0.04 0.03
Intangibles written off 0.00 0.00 0.00 0.00
Increase in capital and reserves 0.00 0.00 0.00 0.00
Increase in Term Liability 1.01 2.91 3.25 5.26
i. Decrease in Fixed Assets 0.01 0.00 0.00 0.00
ii. Decrease in Other non current assets 0.00 0.00 0.00 0.00
6.20 11.33 13.26 16.61
2 LONG TERM USES
Net Loss 0.00 0.00 0.00 0.00
Increase in Intangibles 0.00 0.00 0.00 0.00
Decrease in Capi.and Reserves/ Share Buybacks 0.62 1.20 1.32 1.34
Decrease in Term Liabilities 0.00 0.00 0.00 0.00
i. Increase in Fixed Assets 0.00 0.00 0.00 0.00
Increase in non-Current Assets 0.00 0.00 0.00 0.00
iii. Increase in Intangibles
Dividend paid 0.00 0.00 0.00 0.00
0.62 1.20 1.32 1.34
Surplus/ Deficit 5.58 10.13 11.94 15.27
Short Term Sources
Increase in Bank Borrowings 0.00 0.00 10.00 0.00
Increase in other Current Liab. 1.70 4.92 0.00 1.57
Decrease in Inventory 11.47 0.00 0.00 0.00
Decrease in Receivables 0.00 0.00 0.00 3.38
Decrease in Cash/Deposits/Govt Sec. 0.00 2.21 0.00 0.00
Decrease in Other Current Assets 0.00 0.00 0.12 0.00
13.17 7.13 10.12 4.95
Short Term Uses
Increase in Inventory 0.00 10.68 17.57 8.66
Increase in Receivables 14.44 27.52 16.34 0.00
Increase in Cash/Deposits/Govt Sec. 4.61 0.00 1.73 1.46
Increase in Other Current Assets 0.10 0.02 0.00 0.00
Decrease in Other Current Liab. 0.00 0.00 0.83 0.00
Decrease in Bank Borrowings 0.00 0.00 0.00 0.00
19.15 38.22 36.47 10.12
Summary of fund Flow Analysis
Long Term Sources 6.20 11.33 13.26 16.61
Long Term Uses 0.62 1.20 1.32 1.34
Surplus /Deficit (i-ii) 5.58 10.13 11.94 15.27
Short term sources 13.17 7.13 10.12 4.95
Short term uses 19.15 38.22 36.47 10.12
Surplus /Deficit (iii-iv) (5.98) (31.09) (26.35) (5.17)
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CALCULATION OF BREAK EVEN LEVELS RS. IN LACS
Years 2012-13 2013-14 2014-15 2015-16 2016-17
BREAK EVEN POINT

Sales 33.12 86.00 127.62 146.76 174.32
Variable Cost
I.Raw Material 100.00% 23.54 66.78 100.49 110.28 128.67
ii.Consumables 100.00% 0.00 0.00 0.00 0.00 0.00
iii.Direct Labour 100.00% 0.00 0.00 0.00 0.00 0.00
iv.Power & Fuel 100.00% 0.00 0.00 0.00 0.00 0.00
v.Selling Expenses 40.00% 0.00 0.00 0.00 0.00 0.00
vi.Other Variable Costs 100.00% 1.42 5.65 6.53 8.13 9.74
Total Variable Costs 24.96 72.43 107.02 118.41 138.42
Percent of Sales 75% 84% 84% 81% 79%
Fixed Costs 5.46 8.86 12.23 18.38 24.59
Break Even Level of Sales 22.16 56.15 75.77 95.16 119.37

Percentage to Sales 67% 65% 59% 65% 68%
Cash Break Even of Sales 19.93 53.17 75.46 94.96 119.23

60% 62% 59% 65% 68%
Sensitivity to BEP
When sales go down
Sales (when down by) 2% 32.46 84.28 125.07 143.83 170.83
Veriable costs also go down by 2% 24.46 70.98 104.88 116.05 135.65
Contribution 8.00 13.30 20.19 27.78 35.18
Fixed Costs 5.46 8.86 12.23 18.38 24.59
BEP 22.16 56.15 75.77 95.16 119.37
% to Sales 68% 67% 61% 66% 70%
% Sales 61% 63% 60% 66% 70%
When RM cost goes up by 2%

% can be passed on to customer 2%
Sales will go up to 33.59 87.34 129.63 148.97 176.89
Veriable costs up by 2% 25.43 73.77 109.03 120.62 140.99
Contribution 8.16 13.57 20.60 28.35 35.90
Fixed costs 5.46 8.86 12.23 18.38 24.59
BEP if RM cost goes up by 2% 22.48 57.02 76.97 96.59 121.13
% to Sales 67% 65% 59% 65% 68%
% Sales 60% 62% 59% 65% 68%
When Veriable costs up by 2%

Sales will go up to 33.15 86.11 127.75 146.93 174.51
Veriable Cost up by 2% 25.46 73.88 109.16 120.78 141.19
Contribution 7.69 12.23 18.59 26.14 33.33
Fixed Costs 5.46 8.86 12.23 18.38 24.59
BEP If Variable Expn. Go up by 2% 23.54 62.36 84.05 103.31 128.73
% Sales 71% 72% 66% 70% 74%
% Sales 64% 69% 66% 70% 74%
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CALCULATION OF BREAK EVEN LEVELS RS. IN LACS
Years 2012-13 2013-14 2014-15 2015-16 2016-17
Sensitivity to DSCR
When Sales go down
Sales (when down by) 2% 32.46 84.28 125.07 143.83 170.83
Veriable costs also go down by 2% 24.46 70.98 104.88 116.05 135.65
Fixed cost 5.46 8.86 12.23 18.38 24.59
Total cost 29.92 79.84 117.11 134.43 160.23
Operating Profits 2.54 4.44 7.96 9.40 10.60
Depriciation & non cash charges 0.55 0.47 0.05 0.04 0.03
Cash Accruals 3.09 4.91 8.01 9.44 10.63
###
Interest on TL 0.00 0.00 0.00 1.15 0.00
###
Repayments 0.00 0.00 0.00 0.00 0.00
###
Gross DSCR 0.00 0.00 0.00 9.21 0.00
Average Gross DSCR 32.37
When RM cost goes up by 2%

Sales 33.59 87.34 129.63 148.97 176.89
Veriable costs sales go up to 25.43 73.77 109.03 120.62 140.99
Fixed cost 5.46 8.86 12.23 18.38 24.59
Total cost 30.89 82.63 121.26 139.00 165.58
Cash Accruals 3.25 5.18 8.42 10.01 11.35
###
Interest on TL 0.00 0.00 0.00 1.15 0.00
###
Repayments 0.00 0.00 0.00 0.00 0.00
###
Gross DSCR 0.00 0.00 0.00 9.70 0.00
When Variable costs go up by 2%

Sales 33.15 86.11 127.75 146.93 174.51
Veriable costs sales go up to 25.46 73.88 109.16 120.78 141.19
Fixed cost 5.46 8.86 12.23 18.38 24.59
Total cost 30.92 82.74 121.39 139.16 165.77
Cash Accruals 2.78 3.84 6.41 7.80 8.77
###
Interest on TL 0.00 0.00 0.00 1.15 0.00
###
Repayments 0.00 0.00 0.00 0.00 0.00
###
Gross DSCR 0.00 0.00 0.00 7.78 0.00
Page 13
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RATIO ANALYSIS RS. IN LACS
Years 2012-13 2013-14 2014-15 2015-16 2016-17
RATIOS
1 Growth in Sales 0% 27% 48% 15% 19%
2 Gross profit Ratio 24.55% 15.78% 16.14% 19.32% 20.60%
3 PBDIT 3.25 6.87 11.33 14.41 17.76
4 PBDIT/sales 9.81% 7.99% 8.88% 9.82% 10.19%
5 Operating Profits/Sales 8.15% 5.48% 6.56% 6.79% 6.49%
6 PBT/Sales 8.15% 5.48% 6.56% 6.79% 6.49%
7 PAT/Sales 8.15% 5.48% 6.56% 6.79% 6.49%
8 Cash Accruals/ Sales 9.81% 6.02% 6.60% 6.82% 6.51%
9 Sales/Equity 1.56 3.34 3.81 3.47 3.34
10 Sales / TTA 0.66 1.52 1.38 1.15 1.29
11 Interest Coverage (Interest/PBDIT) 55.00% 26.41% 25.80% 30.63% 36.16%
12 PBDIT / Interest (Times) 0.00 4.07 3.89 3.27 2.77
13 Deferred Debt/ Equity 0.89 0.78 0.68 0.62 0.60
14 TOL/Equity 1.36 1.23 1.18 1.23 1.12
15 Current Ratio (CA / CL) 4.31 4.31 5.20 4.73 4.70
16 Current Ratio excluding TL Instalments 4.31 4.31 5.20 4.73 4.70
17 CA / TTA (%) 85.46% 88.05% 92.74% 94.78% 95.06%
18 Inentory+Receivables as days of Net Sales 451 186 235 289 254
19 Bank Borrowings/Current Assets 0.00% 0.00% 0.00% 8.23% 7.80%
20 RM content in sales 82% 74% 80% 78% 75%
21 ROCE(PBDIT incl.Other income/TTA) 6.51% 12.11% 12.22% 11.24% 13.17%
Debt Service Coverage Ratio Calculations

Cash accruals 3.25 5.18 8.42 10.01 11.35
###
Any cash inflow(eg.sales tax deferal,
subsidy )
Interest on TL / Deffered Loans 0.00 1.69 2.91 4.40 5.26
###
Repayment Obligations of TL 0.00 0.00 0.00 0.00 0.00
###
Repayment of other deffered Loans ###
Total Repayment 0.00 1.69 2.91 4.40 5.26
###
Net Debt Service Coverage Ratio (DSCR) 0.00 0.00 0.00 0.00 0.00
Gross Debt Service Coverage Ratio (DSCR) 0.00 4.07 3.89 3.27 3.16
Average Net DSCR 0.00
Security Coverage Ratio

Net Block 3.21 2.73 2.68 2.64 2.61
Term Loan outstanding (including instalments) 0.68 0.00 0.00 0.00 0.00
Security Cover avilable (NB-TL/NB) 79% 0% 0% 0% 0%
Security cover including Collateral Security

Security Cover avilable ((NB+Collaeral-TL)/NB) 79% 100% 100% 100% 100%
Page 14
N BAN0.00 0.00 0.00
Key Indicators RS. IN LACS
PARTICULARS Actual Actual Projected
Years 2012-13 2013-14 2014-15 2015-16 2016-17
Key Indicators
Net Sales 33.12 86.00 127.62 146.76 174.32
Operating Profit 2.70 4.71 8.37 9.97 11.32
(Net) Other income 0.00 0.00 0.00 0.00 0.00
PBDIT/Sales 9.81% 7.99% 8.88% 9.82% 10.19%
PBT/Sales 8.15% 5.48% 6.56% 6.79% 6.49%
PAT 2.70 4.71 8.37 9.97 11.32
PAT/Net Sales 8.15% 5.48% 6.56% 6.79% 6.49%
Cash Accruals 3.25 5.18 8.42 10.01 11.35
Cash Accruals/Sales 9.81% 6.02% 6.60% 6.82% 6.51%
Paid up Capital (PUC) 18.52 21.04 25.13 32.30 40.95
TNW 21.22 25.75 33.50 42.27 52.26
Adjusted TNW (TNW-Investment in associates) 21.22 25.75 33.50 42.27 52.26
TOL/TNW 1.36 1.23 1.18 1.23 1.12
TOL/Adjusted TNW 1.36 1.23 1.18 1.23 1.12
C/R 4.31 4.31 5.20 4.73 4.70
C/R excluding T/L instalments due in 1 year 4.31 4.31 5.20 4.73 4.70
Net Sales/TTA (Times) 0.66 1.52 1.38 1.15 1.29
PBT/TTA (%) 5.41% 8.30% 9.03% 7.78% 8.39%
Operating costs/sales(%) 91.85% 94.52% 93.44% 93.21% 93.51%
Bank Finance / Current Assets (%) 0.00% 0.00% 0.00% 8.23% 7.80%
Inv + Rec. /N.S. (DAYS) 451 186 235 289 254
NWC / CA (%) 76.79% 76.77% 80.78% 78.85% 78.74%
Page 15
BANK OF BARODA 0.00
Calculation of Drawing RS. IN LACS

Years 2012-13 2013-14 2014-15 2015-16 2016-17
Calculation of Drawing
1 Raw Material 0.00 0.00 0.00 0.00 0.00
Stock in Progress 0.03 0.00 0.00 0.00 0.00
Finished Goods 40.93 29.49 40.17 57.74 66.40
Other Consumable Spares 0.00 0.00 0.00 0.00 0.00
Total 40.96 29.49 40.17 57.74 66.40
2 Creditor for Purchases 9.90 11.60 16.52 15.69 17.26
3 Paid Stock (1(Cost)-2) 31.06 17.89 23.65 42.05 49.14
4 Margin @ 25% on Stock 7.77 4.47 5.91 10.51 12.28
5 DP on Stock 23.30 13.42 17.74 31.53 36.85
6 Receivables 0.00 14.44 41.96 58.30 54.92
7 Margin @ 25% on Receivables 0.00 3.61 10.49 14.58 13.73
8 DP on Receivables 0.00 10.83 31.47 43.73 41.19
9 Total DP (5 + 8 ) 23.30 24.25 49.21 75.26 78.04
10 Advance Value 0.00 0.00 0.00 10.00 10.00
Page 16
BANK OF BARODA 0.00
Computation of Maximum Permissible Bank Finance for Working Capital RS. IN LACS
Years 2012-13 2013-14 2014-15 2015-16 2016-17
AS PER 1ST LENDING METHOD
1 Total Current Assets 42.66 49.94 85.95 121.47 128.21
2 Other Current Liabilities (Other Than Bank Borrowings) 9.90 11.60 16.52 15.69 17.26
3 Working Capital Gap 32.76 38.34 69.43 105.78 110.95
4 Minimum Stipulated Net Working Capital
(25% Of WCG Excluding Export Receivables) 8.19 9.59 17.36 26.44 27.74
5 Actual/Projected Net Working Capital 32.76 38.34 69.43 95.78 100.95
6 (ITEM3 - ITEM4) 24.57 28.76 52.07 79.33 83.21
7 (ITEM3 - ITEM5) 0.00 0.00 0.00 10.00 10.00
8 Maximum Permissible Bank Finance
(Lower Of 6 To 7) 0.00 0.00 0.00 10.00 10.00
AS PER 2ND LENDING METHOD
1 Total Current Assets 42.66 49.94 85.95 121.47 128.21
2 Other Current Liabilities (Other Than Bank Borrowings) 9.90 11.60 16.52 15.69 17.26
4 Minimum Stipulated Net Working Capital
(25% Of Total Current Assets Excluding Export Receivables) 10.67 12.49 21.49 30.37 32.05
5 Actual/Projected Net Working Capital 32.76 38.34 69.43 95.78 100.95
6 (ITEM3 - ITEM4) 22.10 25.86 47.94 75.41 78.89
7 (ITEM3 - ITEM5) 0.00 0.00 0.00 10.00 10.00
8 Maximum Permissible Bank Finance
(Lower Of 6 To 7) 0.00 0.00 0.00 10.00 10.00
Page 17
BANK OF BARODA 0.00
Cash Flow Statement RS. IN LACS

Years 2012-13 2013-14 2014-15 2015-16 2016-17
Operating months 12.00 12.00 12.00 12.00 12.00
A. SOURCES OF FUNDS
1 Cash Accruals (PBIT) 6.40 11.28 14.37 17.73
2 Increase in Capital 0.00 0.00 0.00 0.00
3 Depreciation 0.47 0.05 0.04 0.03
4 Increase in Long Term Loans/Debentures 0.00 0.00 0.00 0.00
5 Increase in Deferred Payment Facilities 0.00 0.00 0.00 0.00
6 Increase in Unsecured Loans and Deposits 1.69 2.91 3.25 5.26
7 Increase in Bank Borrowings for Working Capital 0.00 0.00 10.00 0.00
8 Sales of Fixed Assets 0.00 0.00 0.00 0.00
9 Sales of Investments 0.00 0.00 0.00 0.00
10 Increase in Current Liabilities 1.70 4.92 0.00 1.57
11 Decrease in Current Assets 0.00 0.00 0.00 0.00
12 Decrease in Other Non-Current Assets 0.00 0.00 0.00 0.00
13 Other 0.00 0.00 0.00 0.00
TOTAL SOURCES (A) 10.26 19.16 27.66 24.59
B. DISPOSITION OF FUNDS
1 Preliminary and Pre-Operative Expenses 0.00 0.00 0.00 0.00
2 Decrease in Capital 0.62 1.20 1.32 1.34
3 Decrease in Long Term Loans/Debentures 0.68 0.00 0.00 0.00
4 Decrease in Deferred Payment Facilities 0.00 0.00 0.00 0.00
5 Decrease in Unsecured Loans 0.00 0.00 0.00 0.00
6 Decrease in Bank Borrowings for Working Capital 0.00 0.00 0.00 0.00
7 Purchase of Fixed Assets 0.01 0.00 0.00 0.00
8 Purchase of Investment 0.00 0.00 0.00 0.00
9 Interest 1.69 2.91 4.40 6.41
10 Taxation 0.00 0.00 0.00 0.00
11 Drawings 0.00 0.00 0.00 0.00
12 Decrease in Current Liabilities 0.00 0.00 0.83 0.00
13 Increase in Current Assets 2.67 38.22 33.79 5.28
14 Increase in Other Non-Current Assets 0.00 0.00 0.00 0.00
15 Other 0.00 0.00 0.00 0.00
TOTAL DISPOSITION (B) 5.67 42.33 40.34 13.03
C. Opening Balance 1.30 5.89 -17.28 -29.96
D. Net Surplus (A-B) 4.59 -23.17 -12.68 11.56
E. Closing Balance 5.89 -17.28 -29.96 -18.40
Page 18
BANK OF BARODA 0.00
WORKING CAPITAL ANNEXURE RS. IN LACS
Years 2012-13 2013-14 2014-15 2015-16 2016-17
Efficiency Ratios
1 Net Sales / Total Tangible Assets 0.66 1.52 1.38 1.15 1.29
2 Return on Assets (PBT / TTA) % 5.41% 8.30% 9.03% 7.78% 8.39%
3 Operating Costs / Sales % 91.85% 94.52% 93.44% 93.21% 93.51%
4 Bank Finance / Current Assets (%) 0.00% 0.00% 0.00% 8.23% 7.80%
5 Inventory and Receiv. / Net Sales (days) 451.40 186.45 234.90 288.59 254.03
CRA Ratios
1 CURRENT RATIO 4.31 4.31 5.20 4.73 4.70
2 TOL/TNW 1.36 1.23 1.18 1.23 1.12
3 PBIDT/INTT. 0.00 4.07 3.89 3.27 2.77
4 PAT/NET SALES (%) 8.15% 5.48% 6.56% 6.79% 6.49%
5 ROCE (%) 6.51% 12.11% 12.22% 11.24% 13.17%
6 INV.+REC./SALES (DAYS) 451.40 186.45 234.90 288.59 254.03
Assessed Bank Finance
1 Total Curr.Asset (TCA) 42.66 49.94 85.95 121.47 128.21
2 Other Current Liabilities (OCL) 9.90 11.60 16.52 15.69 17.26
4 Net Working.Cap. (NWC) 32.76 38.34 69.43 95.78 100.95
5 Assess.Bk.Finance (ABF) 0.00 0.00 0.00 10.00 10.00
6 NWC to TCA (%) 76.79% 76.77% 80.78% 78.85% 78.74%
7 Bk.Finance to TCA(%) 0.00% 0.00% 0.00% 8.23% 7.80%
8 Sundry Cred.to TCA (%) 23.21% 23.23% 19.22% 12.92% 13.46%
9 Other CL (exc.sund.cred) to TCA (%) 0.00% 0.00% 0.00% 0.00%
Inventory and Receivable levels
Raw Material ( Imported) 0 0 0 0 0
(Indiginous) 0 0 0 0 0
Stock in process 0 0 0 0 0
Finished Goods 598 149 137 178 175
Receivables 0 61 120 145 115
Page 19
Creditors 81 77 54 45 46
Page 20
BANK OF BARODA 0.00
TERM LOAN ANNEXURE RS. IN LACS
Years 2012-13 2013-14 2014-15 2015-16 2016-17
Commercial viability:
Capacity utilisation (%)
Sales 33.12 86.00 127.62 146.76 174.32
Net Profit 2.70 4.71 8.37 9.97 11.32
Cash Accruals 3.25 5.18 8.42 10.01 11.35

###
Interest 0.00 1.69 2.91 4.40 5.26
TOTAL 3.25 6.87 11.33 14.41 16.61

###
TL/ DPG repayments 0.00 0.00 0.00 0.00 0.00

###
Interest 0.00 1.69 2.91 4.40 5.26
TOTAL 0.00 1.69 2.91 4.40 5.26

###
Gross DSCR 0.00 4.07 3.89 3.27 3.16
Net DSCR 0.00 0.00 0.00 0.00 0.00
Average Net DSCR 0.00
Security Margin:
WDV of Fixed assets 3.21 2.73 2.68 2.64 2.61

Term Loan outstanding (including
0.68 0.00 0.00 0.00 0.00
instalments)
% Security margin available 78.82% 0.00% 0.00% 0.00% 0.00%
Break-even and sensitivity analysis :
BREAK EVEN POINT
Sales 33.12 86.00 127.62 146.76 174.32
Total Variable Costs 24.96 72.43 107.02 118.41 138.42
Percent of Sales 75.36% 84.22% 83.86% 80.68% 79.40%
Fixed Costs 5.46 8.86 12.23 18.38 24.59
Break Even Level of Sales 22.16 56.15 75.77 95.16 119.37
Percentage to Sales 66.91% 65.29% 59.37% 64.84% 68.48%
% 60.17% 61.83% 59.13% 64.70% 68.40%
Page 21
BANK OF BARODA 0.00
Years 2012-13 2013-14 2014-15 2015-16 2016-17
Sensitivity to BEP
When sales go down 2%
Sales 32.46 84.28 125.07 143.83 170.83
Variable costs 24.46 70.98 104.88 116.05 135.65
Fixed Costs 5.46 8.86 12.23 18.38 24.59
BEP -Sales 22.16 56.15 75.77 95.16 119.37
BEP % 68.28% 66.62% 60.58% 66.16% 69.88%
Cash BEP % 61.40% 63.09% 60.34% 66.02% 69.79%
Gross DSCR 0.00 0.00 0.00 9.21 0.00
When RM goes up by 2%
Sales 33.59 87.34 129.63 148.97 176.89
Variable costs 25.43 73.77 109.03 120.62 140.99
Fixed Costs 5.46 8.86 12.23 18.38 24.59
BEP 22.48 57.02 76.97 96.59 121.13
BEP % 66.91% 65.29% 59.37% 64.84% 68.48%
Cash BEP % 60.17% 61.83% 59.13% 64.70% 68.40%
Gross DSCR 0.00 0.00 0.00 9.70 0.00
When Variable Cost go up by 2%
Sales 33.15 86.11 127.75 146.93 174.51
Variable costs 25.46 73.88 109.16 120.78 141.19
Fixed Costs 5.46 8.86 12.23 18.38 24.59
BEP 23.54 62.36 84.05 103.31 128.73
BEP % 71.01% 72.42% 65.79% 70.31% 73.77%
Cash BEP % 63.86% 68.58% 65.52% 70.16% 73.68%
Gross DSCR 0.00 0.00 0.00 7.78 0.00
Page 22
BANK OF BARODA 0.00
Years 2012-13 2013-14 2014-15 2015-16 2016-17
Page 23
BANK OF BARODA 0.00
Performance & Financial Indicators: RS. IN LACS
Years 2012-13 2013-14 2014-15 2015-16 2016-17
Performance & Financial Indicators:
1 Net Sales 33.12 86.00 127.62 146.76 174.32
2 Exports 1.68 0.03 5.45 6.27 12.75
3 Operating Profit 2.70 4.71 8.37 9.97 11.32
4 PBT/Sales 2.70 4.71 8.37 9.97 11.32
5 PBT/Sales (%) 8.15% 5.48% 6.56% 6.79% 6.49%
6 PAT 2.70 4.71 8.37 9.97 11.32
7 Cash Accruals 3.25 5.18 8.42 10.01 11.35
8 PBDIT 3.25 6.87 11.33 14.41 17.76
9 PUC 18.52 21.04 25.13 32.30 40.95
10 TNW 21.22 25.75 33.50 42.27 52.26
11 Adjusted TNW 21.22 25.75 33.50 42.27 52.26
12 TOL/TNW 1.36 1.23 1.18 1.23 1.12
13 TOL/ adjusted tnw 1.36 1.23 1.18 1.23 1.12
14 Current Ratio 4.31 4.31 5.20 4.73 4.70
Fund flow analysis :
1 Long Team Sources 6.20 11.33 13.26 16.61
2 Long Team Uses 0.62 1.20 1.32 1.34
3 Surplus / Deficit 5.58 10.13 11.94 15.27
Movement in TNW
Opening TNW 18.52 21.04 27.83 39.71 56.73
Add PAT 2.70 4.71 8.37 9.97 11.32
Ad increase in equity -0.18 2.08 3.51 7.05 8.63
Add / abstract intangible assets 0.00 0.00 0.00 0.00 0.00
Less dividend 0.00 0.00 0.00 0.00 0.00
Closing TNW 21.04 27.83 39.71 56.73 76.67
Page 24
Page 25
A. PERFORMANCE AND FINANCIAL INDICATORS
Actual Actual Projected
As on 31st March 2012-13 2013-14 2014-15 2015-16 2016-17
Installed cap Qty. in MTS 0 0 0 0 0
Net Sales Qty. in MTS 0 0 0 0 0
Capacity utilisation % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Domestic sales 31.44 85.97 122.17 140.50 161.57
Export sales 1.68 0.03 5.45 6.27 12.75
Net sales 33.12 86.00 127.62 146.76 174.32
Operating profit 2.70 4.71 8.37 9.97 11.32
Profit before tax 2.70 4.71 8.37 9.97 11.32
PBT/Net sales % 8.15% 5.48% 6.56% 6.79% 6.49%
Profit after tax 2.70 4.71 8.37 9.97 11.32
Cash accruals 3.25 5.18 8.42 10.01 11.35
PBDIT 3.25 6.87 11.33 14.41 17.76
Paid up capital 18.52 21.04 25.13 32.30 40.95
Tangible net worth 21.22 25.75 33.50 42.27 52.26
Adjusted TNW 21.22 25.75 33.50 42.27 52.26
TOL/TNW 1.36 1.23 1.18 1.23 1.12
TOL/Adjusted TNW 1.36 1.23 1.18 1.23 1.12
Current ratio 4.31 4.31 5.20 4.73 4.70
NWC 32.76 38.34 69.43 95.78 100.95
Page 26
Q/HY results as on 31.03.2011
Previous Current
Year Year
2014-15 2015-16
Sales
(Exports)
PAT
B. Industry Exposure as on 31.03.2011

FBL
NFBL
Total
MOVEMENT IN TNW
As on 31.03 Actual Actual Projected

2012-13 2013-14 2014-15 2015-16 2016-17
Opening TNW 18.52 21.04 27.83 39.71 56.73
Add PAT 2.70 4.71 8.37 9.97 11.32
Ad increase in equity -0.18 2.08 3.51 7.05 8.63
Add / abstract intangible assets 0.00 0.00 0.00 0.00 0.00
Page 27
Less dividend 0.00 0.00 0.00 0.00 0.00
Closing TNW 21.04 27.83 39.71 56.73 76.67
Synopsis of Balance Sheet
As on 31.03 Actual Actual Projected
Sources of funds 2012-13 2013-14 2014-15 2015-16 2016-17

Share Capital 18.52 21.04 25.13 32.30 40.95
Reserves and Surplus 2.52 4.09 7.17 8.65 9.98
Secured Loans :short term: 0.00 0.00 0.00 0.00 0.00
:long term: 0.68 0.00 0.00 0.00 0.00
Unsecured Loans 18.30 19.99 22.90 26.15 31.41
Deferred Tax Liability 0.00 0.00 0.00 0.00 0.00
Other liabilities 0.00 0.00 0.00 0.00 0.00
Total 40.02 45.12 55.20 67.10 82.33
Application of Funds
Fixed Assets (Gross Block) 3.22 3.21 3.21 3.21 3.21
Less Depreciation 0.01 0.48 0.53 0.57 0.60
Net Block 3.21 2.73 2.68 2.64 2.61
Capital Work in Progress 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00
Inventories 40.96 29.49 40.17 57.74 66.40
Sundry debtors 0.00 14.44 41.96 58.30 54.92
Cash & bank balances 1.30 5.91 3.70 5.43 6.89
Loans & advances to subsidiaries and group
0.00 0.00 0.00 0.00 0.00
companies
Loans & advances to others* 0.40 0.10 0.12 0.00 0.00
(Less : Current liabilities**) 9.90 11.60 16.52 25.69 27.26
(Less : Provisions )
Page 28
Net Current Assets 32.76 38.34 69.43 95.78 100.95
Non Current Assets @ 4.05 4.05 4.05 4.05 4.05
Misc. Expenditure (To the extent not written
0.00 0.00 0.00 0.00 0.00
off or adjusted)
Total 40.02 45.12 76.16 102.47 107.61
Diff 0.00 0.00 -20.96 -35.37 -25.27
Break up of
Loans and advances to others Actual Actual Projected

2012-13 2013-14 2014-15 2015-16 2016-17
Advance payment of taxes 0.00 0.10 0.12 0.00 0.00
Advance to Suppliers 0.00 0.00 0.00 0.00 0.00
Others 0.00 0.00 0.00 0.00 0.00
TOTAL 0.40 0.10 0.12 0.00 0.00
Current liabilities Actual Actual Projected

Item 2012-13 2013-14 2014-15 2015-16 2016-17
Cash Credit 0.00 0.00 0.00 10.00 10.00
Short term borrowing from others 0.00 0.00 0.00 0.00 0.00
Sundry Creditors (Trade) 9.90 11.60 #REF! #REF! #REF!
Sundry Creditors (Capital Goods) 0.00 0.00 0.00 0.00 0.00
Installments on TL due within one year 0.00 0.00 0.00 0.00 0.00
Others 0.00 0.00 #REF! #REF! #REF!
TOTAL 9.90 11.60 #REF! #REF! #REF!
Break up of Non Current Assets Actual Actual Projected

Item 2012-13 2013-14 2014-15 2015-16 2016-17
Page 29
Advance to Suppliers of Capital Goods 0.00 0.00 0.00 0.00 0.00
Deposits 0.00 0.00 0.00 0.00 0.00
Receivable 0.00 0.00 0.00 0.00 0.00
Investments #VALUE! 0.00 0.00 0.00 0.00
TOTAL #VALUE! 0.00 0.00 0.00 0.00
Comments on performance
Net sales
Year Amount
2012-13 33.12
2013-14 86.00
2014-15 127.62
2015-16 146.76
Profit
Year Amount
2012-13 2.70
2013-14 4.71
2014-15 8.37
2015-16 9.97
Profitability
Year % Age
2012-13 8.15%
2013-14 5.48%
2014-15 6.56%
2015-16 6.79%
Page 30
TNW TOL/TNW
Year Amount Year Ratio

2012-13 21.22 2012-13 1.36
2013-14 25.75 2013-14 1.23
2014-15 33.50 2014-15 1.18
2015-16 42.27 2015-16 1.23
Current ratio
Year Ratio
2012-13 4.31
2013-14 4.31
2014-15 5.20
2015-16 4.73
Review of Debt servicing capacity
Original Actual for

As on 31.03.2010
projections the year
Cash accruals 4.60 8.42
Maturing term obligations 0.00 2.91
NET DSCR 0.00 0.00
Inventory & receivable levels : (Months/Days)
Page 31
Inventory/Payments Actual Actual Projected
As on 31.03 2012-13 2013-14 2014-15 2015-16 2016-17

Raw material
-Imported 0 0 0 0 0
-Domestic 0 0 0 0 0
SIP 0 0 0 0 0
FG 598 149 137 178 175
Receivables 0 61 120 145 115
S Creditors
- Import
- Domestic 81 77 54 45 46
Assessed Bank Finance
Assessed Bank Finance Actual Actual Projected
As on 31.03 2012-13 2013-14 2014-15 2015-16 2016-17

TCA 42.66 49.94 85.95 121.47 128.21
OCL 9.90 11.60 16.52 15.69 17.26
WC Gap 32.76 38.34 69.43 105.78 110.95
NWC 32.76 38.34 69.43 95.78 100.95
BF 0.00 0.00 0.00 10.00 10.00
NWC/TCA(%) 76.79% 76.77% 80.78% 78.85% 78.74%
BF/TCA(%) 0.00% 0.00% 0.00% 8.23% 7.80%
SC/TCA (%) 23.21% 23.23% 19.22% 12.92% 13.46%
OCL/TCA(%) 0.00% 0.00% 0.00% 0.00%
Computation of LC limits for WC:
Page 32
Raw materials consumption 0.00
Average monthly purchase of raw materials
0.00
(A)
Average holding of raw materials ( 2 months’
0.00
consumption)
Average usance period (B)
0.00

Lead time and transit period (C) 0.00
Total of (B) and (C)
0.00
(D)
The requirement of LC limit (A) X (D) 0.00
Less Margin 10 % 0.00
LC Limit required 0.00
LC Limit recommended 0.00
Efficiency ratios:
Particulars Actual Actual Projected
As on 2012-13 2013-14 2014-15 2015-16 2016-17
Net sales to Total Tangible Assets (times) 1 2 1 1 1
PBT to Total Tangible Assets (%) 5.41% 8.30% 9.03% 7.78% 8.39%
Operating cost to Sales (%) 91.85% 94.52% 93.44% 93.21% 93.51%
Bank Finance to Current Assets (%) 0.00% 0.00% 0.00% 8.23% 7.80%
Page 33
Inventory + Receivables to Net Sales (days) 451 186 235 289 254
Fund Flow Analysis
Particulars Actual Actual Projected
As on 2012-13 2013-14 2014-15 2015-16 2016-17
Long Term Sources 6.20 11.33 13.26 16.61
Long Term Uses 0.62 1.20 1.32 1.34
Long term Surplus 5.58 10.13 11.94 15.27
Associate concerns
Name
Address
Constitution
Name of the Directors/ partners
Activity
Page 34
Banking with
FB
NFB
Total
Conduct of Account
IRAC
Financial Parameters ( As on 31-03)
Actual Actual Actual Actual
As on 2012-13 2013-14 2014-15 2012-13 2013-14 2014-15
Net Sales
PAT
TNW
Current Ratio
TOL/TNW
Nayak Committee method Actual Actual Projected

2012-13 2013-14 2014-15 2015-16 2016-17
Total Sales estimated for the year-(a) 33.12 86.00 127.62 146.76 174.32
Working capital required 25% of (b) 8.28 21.50 31.91 36.69 43.58
Borrower's Margin - Minimum [5% of (a) or

1.66 4.30 6.38 7.34 8.72
20% of (2)]
Net Working Capital available 32.76 38.34 69.43 95.78 100.95
Page 35
Working capital required -24.48 -16.84 -37.53 -59.09 -57.37
Minimum Bank Finance eligible (*80% of [b]

6.62 17.20 25.52 29.35 34.86
or [a-b] whichever is lower)
Working capital requested 0.00 0.00 0.00 10.00 10.00
Working capital recommended 0.00 0.00 0.00 10.00 10.00
Page 36
BANK OF BARODA 0.00

FORM VII : INFORMATION RELATING TO PRODUCTION SUCH AS QUANTITY, VALUE, ETC.
Particulars (Please 2010 (Audited) 2011 (Audited) 2012 (Projected)

refer to Note(i)
below) Qty. Unit Value Qty. Unit Value Qty. Unit Value
1 Turnover 1331 Mt 85.97 905 Mt 122.17 365 Mt 140.50
2 Opening Stock:
(i) RM 0.00 0.00 0.00
(ii) SIP 0.03 0.00 0.00
(iii) FG 40.93 29.49 40.17
3 Closing Stock:
(i) RM 0.00 0.00 0.00
(ii) SIP 0.00 0.00 0.00
(iii) FG 29.49 40.17 57.74
4 Production during
the year 72.43 107.02 118.41
5 Raw Materials
consumed/estimated
to be consumed
a) Imported 0.00 0.00 0.00
b) Indigenous 55.34 111.17 127.85
i) Where the item to be shown are large in numbers, only the important items which account for
the major portion in terms of value may be shown separately. The value of the remaining items
may be clubbed together and shown.
ii) The Value of sales should agree with the figures given in the Form - II (Operating Statement)
Page 37
DEPRECIATION CHART
WDV WDV
Rate 11-12 Dep 12-13 Dep
1 18.1 0 0 0 0
2 40 0 0 0 0
TOTAL 0 0 0 0
DEPRECIATION CHART -IT

WDV WDV
Rate 01.04.2012 Dep For 2013 01.04.13 Dep For 2014
10 27,865.00 2,786.50 25,078.50 2,507.85
15 5,000.00 750.00 4,250.00 637.50
60 15,500.00 9,300.00 6,200.00 3,720.00
TOTAL 48,365.00 12,836.50 35,528.50 6,865.35
Diff 48,365.00 35,528.50

(DTL)/DTA 14944.785 10978.3065
DEPRECIATION CHART
WDV WDV WDV
13-14 Dep 14-15 Dep 15-16
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
EPRECIATION CHART -IT

WDV WDV WDV
01.04.14 Dep 2015 01.04.15 Dep 2016 01.04.16
22,570.65 2,257.07 20,313.58 2,031.36 18,282.22
3,612.50 541.88 3,070.62 460.59 2,610.03
2,480.00 1,488.00 992.00 595.20 396.80
28,663.15 4,286.95 24,376.20 3,087.15 21,289.05
28,663.15 24,376.20 21,289.05

8856.91335 7532.2458 6578.31645

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BANK OF BARODA

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

Particulars of the Existing / Proposed limits from the Banking System

A. WORKING CAPITAL LIMITS

EXTENT TO WHICH LIMITS

1 DENA BANK OD NIL - 20.00

B. TERM LOANS/ DPGs (EXCLUDING WORKING CAPITAL T/L)

AKSHAR TRADERS CMA 2015-16

PARTICULARS Actual Actual Estimated Projected

Years 2012-13 2013-14 2014-15 2015-16 2016-17

1 i. Domestic Sale 31.44 85.97 122.17 140.50 161.57

ii. Other Income 1.68 0.03 5.45 6.27 12.75

1 Total Gross Sales 33.12 86.00 127.62 146.76 174.32

2 Less : Excise Duty 0.00 0.00 0.00 0.00 0.00

3 Net Sales (1-2) 33.12 86.00 127.62 146.76 174.32

4 Growth in sales 27% 48% 15% 19%

5 a. Raw Material (Imported ) 0.00 0.00 0.00 0.00 0.00

b. Raw material (Indigenous) 44.55 55.34 111.17 127.85 137.33

c. Stores & Spares (Imported) 0.00 0.00 0.00 0.00 0.00

d. Stores & Spares (Indigenous) 0.00 0.00 0.00 0.00 0.00

6 Trading Expenses 0.00 0.00 0.00 0.00 0.00

7 Employee Benefit Expenses 0.00 0.00 0.00 0.00 0.00

8 Repairs and maintainance 0.00 0.00 0.00 0.00 0.00

9 Mfg. Expenses 0.87 5.18 6.48 8.09 9.71

10 Depreciation 0.55 0.47 0.05 0.04 0.03

11 Others expenses 0.00 0.00 0.00 0.00 0.00

a 0.00 0.00 0.00 0.00 0.00

b 0.00 0.00 0.00 0.00 0.00

Sub Total 45.97 60.99 117.70 135.98 147.08

Sub Total 45.97 60.99 117.70 135.98 147.08

Cost of Production 45.97 60.99 117.70 135.98 147.08

Sub Total 65.92 101.92 147.19 176.15 204.82

16 Gross profit 8.13 13.57 20.60 28.35 35.90

Gross Profit/ Sales 24.55% 15.78% 16.14% 19.32% 20.60%

AKSHAR TRADERS CMA 2015-16

OPERATING STATEMENT RS. IN LACS

22 Add: Other non operating Income

30 Retained Profit 2.70 4.71 8.37 9.97 11.32

AKSHAR TRADERS CMA 2015-16

ANALYSIS OF BALANCE SHEET - LIABILITIES RS. IN LACS

PARTICULARS Actual Actual Estimated Projected

Years 2012-13 2013-14 2014-15 2015-16 2016-17

Short Term loans from Applicant Bank

Short Term loans From Other banks

Sub Total (A) 0.00 0.00 0.00 10.00 10.00

3 Sundry Creditors (Trade) 9.90 11.60 16.52 15.69 17.26

4 Sundry Creditors (Expenses ) 0.00 0.00 0.00 0.00 0.00

6 Dividend Payable 0.00 0.00 0.00 0.00 0.00

8 Overdue Term Liabilities 0.00 0.00 0.00 0.00 0.00

Installments of term Loan/ DPGs/

Other Current Liabilities & Provisions (due

b sundry creditors (for expense) 0.00 0.00 0.00 0.00 0.00

c Byer's Credit 0.00 0.00 0.00 0.00 0.00

d un sec.ln. (directors & shareholder) 0.00 0.00 0.00 0.00 0.00

11 Sub Total (B) 9.90 11.60 16.52 15.69 17.26

12 TOTAL CURRENT LIABILITIES 9.90 11.60 16.52 25.69 27.26

AKSHAR TRADERS CMA 2015-16

ANALYSIS OF BALANCE SHEET - LIABILITIES RS. IN LACS

Years 2012-13 2013-14 2014-15 2015-16 2016-17

Term Loan from Other Banks/Inst.(Ecl.

17 Other term Liabilities 18.30 19.99 22.90 26.15 31.41

a Unsecured Loan 18.30 19.99 22.90 26.15 31.41

b Creditors for Capital Expenditure 0.00 0.00 0.00 0.00 0.00

c Other term liabilities 0.00 0.00 0.00 0.00 0.00