Assesment of Working Capital Requirements

Form - II : Opearting Statement (Rs.in Lacs)

As per Profit & Loss Account actuals/estimates for the year ended/ending
2018 2019 2020 2021 2022
Following Following Following Following Following
Year-Actual Year-Actual Year-Provisional Year-Projec. Year-Projec.
(3) (4) (5) (6) (7)
1. Gross sales - (i) Domestic sales 367.48 881.35 1,156.90 1,388.28 1,665.94
(ii) Export sales - - - - -
(iii) Other Income - - - - -
Add other revenue income 2.00 2.81 1.58 - -
Total 369.48 884.16 1,158.48 1,388.28 1,665.94
2. Less excise duty - - - - -
Deduct other items - - - - -
3. Net sales(item 1 - item 2) 369.48 884.16 1,158.48 1,388.28 1,665.94
4. % age rise (+) or fall (-) in net sales as compared to
previous year (annualised) #DIV/0! 139.30% 31.03% 19.84% 20.00%
5. Cost of sales 187.82 321.60 529.42 666.37 799.65
i) Raw materials(including stores & spares and
other items used in the process of manufacture
(a) Imported - - - - -
(b) Indigenous 187.82 321.60 529.42 666.37 799.65
ii) Other spares - - - - -
(a) Imported - - - - -
(b) Indigenous - - - - -
iii)Power and fuel 13.55 6.82 26.35 34.68
iv) Direct labour(Factory wages & salary) 269.88 287.28 503.98 499.78 599.74
v) Repair and Renewal
vi) Depreciation 1.59 4.07 11.78 10.01 8.51
vii) SUB-TOTAL (i to vi) 459.29 626.50 1,052.00 1,202.51 1,442.58
viii) Add:Opening stocks-in-process 163.27
Sub-total 459.29 789.77 1,052.00 1,202.51 1,442.58
ix) Deduct:Closing stocks-in-process 163.27
x) Cost of Production 296.02 789.77 1,052.00 1,202.51 1,442.58
xi) Add : Opening stock of Finished goods
Sub-total 296.02 789.77 1,052.00 1,202.51 1,442.58
xii) Deduct closing stock of Finished goods
xiii) SUB-TOTAL (Total cost of sales) 296.02 789.77 1,052.00 1,202.51 1,442.58
Gross Profit 73.46 94.39 106.48 185.77 223.36
6. Selling, general & adm. expenses 43.93 21.36 37.07 48.24 62.97
7. SUB-TOTAL (5+6) 339.95 811.13 1,089.07 1,250.75 1,505.55
8. Operating profit before interest(3-7) 29.53 73.03 69.41 137.53 160.39
9. Interest - - - 26.00 26.00
10.Operating profit after interest(8-9) 29.53 73.03 69.41 111.53 134.39
11. (i) Add other non-operating income
(a) Interest / Discount Received - - - - -
(b) Dividend received - - - - -
(c) Other Income/ trfd to preope expenses - - - - -
(d) Previous Year Adjustments - - - - -
Sub-total (income) - - - - -
(ii) Deduct other non-operating exp.
(a)Misc.Exp.& W/o - - - - -
(b)Prov.for Doubtful Debts. - - - - -
SALARY AND INTEREST TO PATRNERS - - - - -
Sub-total(expenses) - - - - -
(iii) Net of other non-operating income/expenses - - - - -
12. Profit before tax/loss {10+11(iii)} 29.53 73.03 69.41 111.53 134.39
13. Provision for taxes
14. Net profit/loss (12-13) 29.53 73.03 69.41 111.53 134.39
15. (a)Equity dividend paid - amt ( already paid + b.s.prov.) - - - - -
(b) Dividend Rate 0% 0% 0% 0% 0%
16. Retained profit (14-15) 29.53 73.03 69.41 111.53 134.39
17. Retained profit/Net profit (% age) 100% 100% 100% 100% 100%
 FORM - III
ANALYSIS OF BALANCE SHEET (AMOUNT IN : Rs.Lacs)
0.00 As per Balance sheet as at
LIABILITIES 2018 2019 2020 2021 2022
Following Following Following Following Following
Year-Actual Year-Actual Year-Provisional Year-Projec. Year-Projec.
CURRENT LIABILITIES (3) (4) (5) (6) (7)
1.Short-term borrowings from banks(incld.bills purchased
discounted & excess borrwoing placed on repayment basis)
(i) From applicant bank 200.00 200.00
(ii) From other banks - - - - -
(iii) (of which BP & BD) - - - - -
Sub total (A) - - - 200.00 200.00
2. Short term borrowings from others - - - - -
3. Sundry creditor (Trade) 438.31 307.58 298.75 32.56 25.64
4. Advance payments from customers/dep. from dealers - - - - -
5. Provision for taxation - - - - -
6. Dividend payable - - - - -
7. Other statutory liabilities (due within one year) - - - - -
8. Deposits/Instalments of term loans/DPGs/Debentures, etc. - - - - -
(due within one year)
9. Other current liabilities & provisions (due in 1yr.) - - - - -
(Specify major items) - - - - -
b. Other Current Liabilities - - - - -
Other Current Liabilities [Sub-total (B)] 438.31 307.58 298.75 32.56 25.64
10. Total Current Liabilities( total of 1 to 9 excl 1(iii)) 438.31 307.58 298.75 232.56 225.64
TERM LIABILITIES
11.Debentures (not maturing within 1 yr.) - - - - -
12.Prefrence shares(redeemable after1yr.) - - - - -
13.Term loans from applicant Bank 43.30 - 76.06 70.50 65.50
14.Deferred Payment Credit excluding instt.due within 1 yr.) -
15.Unsecured Loans from Relatives 95.70 54.70 43.50 41.00
16.Other term liabilities(Advances from Customers) - - - - -
17. TOTAL TERM LIABILITIES 43.30 95.70 130.76 114.00 106.50
17(a). Inter Unit Balance - - - - -
18. Total Outside Liabilities(item 10 +17) 481.61 403.28 429.51 346.56 332.14
NET WORTH
19.Ordinary share capital 94.21 112.27 180.09 218.93 293.01
20.Other reserve ( Share application ) - - - - -
21.Capital Reserve (Subsidy) - - - - -
22.Other reserves(excluding provisions) - - - - -
23.Surplus(+) or deficit(-) in P&L account 29.53 73.03 69.41 111.53 134.39
23(a).Others - Share Premium - - - - -
23(b). Investment Allowance Reserve - - - - -
24. NET WORTH 123.74 185.30 249.50 330.46 427.40
25. TOTAL LIABILITIES 605.35 588.58 679.01 677.02 759.54
 FORM - III (Continued)
ANALYSIS OF BALANCE SHEET (AMOUNT IN : Rs.Lacs)
As per Balance sheet as at
ASSETS 2018 2019 2020 2021 2022
Following Following Following Following Following
Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.
CURRENT ASSETS (3) (4) (5) (6) (7)
26.Cash and bank balances 50.36 113.72 94.80 0.69 0.83
27.Investments(other than long term investments)
(i) Fixed Deposits( LC,BG,Margin )
(ii)Other Fixed deposits with bank
28.(i) Receivables other than defered & export
( including bills purchased and dicounted by banks)
(ii)Export receivables(incld bills purchased & dis.by bank)
29.Instalments of deferred receivables(due within 1 yr.) - - - - -
30.Inventory: 163.27 - - - -
(i) Raw materials(including stores & other items 163.27 - - - -
used in the process of manufacture) - - - - -
a)Imported - - - - -
b)Indigenous 163.27 - - - -
(ii) Stocks-in-process - - - - -
(iii)Finished goods - - - - -
(iv) Other consumable spares - - - - -
a)Imported - - - - -
b)Indigenous - - - - -
31.Advances to suppliers of raw materials & stores/spares - - - - -
32.Advance payment of taxes - - - - -
33.Other current assets - - - - -
- Deposits/ Preoperative expenses - - - - -
- Others
34. TOTAL CURRENT ASSETS(total of 26 to 33) 213.63 113.72 94.80 0.69 0.83
FIXED ASSETS
35.Gross Block(land & building,machinery,work-in-process) 87.10 95.89 145.12 133.34 123.33
36.Depreciation to date 1.59 4.07 11.78 10.01 8.51
37. NET BLOCK (35-36) 85.51 91.82 133.34 123.33 114.82
OTHER NON-CURRENT ASSETS
38.Investments/book debts/adv./deposits which are not 3.51 3.64 3.74 13.20 14.00
Current Assets
(i) a)Investments in subsidiary companies/affiliates - - - - -
b)Provision for future expantion - - - - -
(ii)Advances to suppliers of capital goods & contractors - - - - -
(iii)Inter unit A/c. - - - - -
(iv)Others-Debtors >6 months 302.70 379.40 447.13 539.80 629.89
-Subsidy Reserve - - - - -
Loans and advances - - - - -
39.Non-consumables stores & spares - - - - -
40.Other non-current assets incl.dues from directors - - - - -
41. TOTAL OTHER NON-CURR.ASSETS 306.21 383.04 450.87 553.00 643.89
42.Intangible assets(patents, goodwill, prelim. exp. - - - - -
bad/doubtful expenses not provided for, etc.)
43. TOTAL ASSETS (34+37+41+42) 605.35 588.58 679.01 677.02 759.54
44. TANGIBLE NET WORTH (24-42) 123.74 185.30 249.50 330.46 427.40
45. NET WORKING CAPITAL(17+24)-(37+41+42) : (224.68) (193.86) (203.95) (231.87) (224.81)
46. Current Ratio 0.49 0.37 0.32 0.00 0.00
47. Total Outside Liabilities/ Tangible Net Worth 3.89 2.18 1.72 1.05 0.78
48. Total Term Liabilities/Tangible Net Worth 0.35 0.52 0.52 0.34 0.25
 FORM - IV
Comparative statement of Current assets & Current Liabilities
0.00 As per Balance sheet as at
I. CURRENT ASSETS 2018 2019 2020 2021 2022
Following Following Following Following Following
Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.
(3) (4) (5) (6) (7)
1.Raw materials including stores & other items used in
the process of manufacturing
(a) Imported : Amount - - - - -
: Month's consumption - - - - -
(b) Indigenous : Amount 163.27 - - - -
: Month's consumption (10.43) - - - -
2. Other consumable spares, excldg. those included in(1) above
(a) Imported : Amount - - - - -
: Month's consumption - - - - -
(b) Indigenous : Amount - - - - -
: Month's consumption - - - - -
3. Stocks-in-process : Amount - - - - -
: Month's cost of production - - - - -
4. Finished goods : Amount - - - - -
: Month's cost of Sales - - - - -
5. Receivables other than export & defered receivables
( Incldg. bills purchased & discounted by bank)
: Amount 0.00 0.00 0.00 0.00 0.00
: Month's Domestic Sales( includg. defered payment sales) - - - - -
6. Export receivables(incldg. bills purchased & disc.)
: Amount 0.00 0.00 0.00 0.00 0.00
: Month's export Sales - - - - -
7. Advance to suppliers of materials & stores/spares,consumables 0.00 0.00 0.00 0.00 0.00
8. Other current assets includg. cash & bank balances & defered 50.36 113.72 94.80 0.69 0.83
receivables due within one year(specify major items)
: Cash & bank balances 50.36 113.72 94.80 0.69 0.83
: Investment except long-term investment of def. receivales 0.00 0.00 0.00 0.00 0.00
: Others 0.00 0.00 0.00 0.00 0.00
9. TOTAL CURRENT ASSETS 213.63 113.72 94.80 0.69 0.83
II. CURRENT LIABILITIES
(Other than bank borrowing for working capital)

10. Creditors for purchase of raw materials,stores & consumable

spares : Amount 438.31 307.58 298.75 32.56 25.64
: Month's purchase - - - - -
11. Advance from customers - - - - -
12. Statutory liabilities - - - - -
13. Other current liabilities-specify major items
a) S T borrowings-others - - - - -
b) Dividend payable - - - - -
c) Instalments of TL, DPS & public deposits - - - - -
d) Other current liabilities & provisions - - - - -
14. TOTAL 438.31 307.58 298.75 32.56 25.64
 FORM - V
Computation of Assessed Bank Finance for Working Capital (Rs.in Lacs)
0.00 As per Balance sheet as at
2018 2019 2020 2021 2022
Following Following Following Following Following
Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.
(3) (4) (5) (6) (7)
ASSESSED BANK FINANCE
1. Total current assets 213.63 113.72 94.80 0.69 0.83
2. Other current laibilities(other than bank borrowing) 438.31 307.58 298.75 32.56 25.64
3. Working capital gap -224.68 -193.86 -203.95 -31.87 -24.81
4. Net working capital -224.68 -193.86 -203.95 -231.87 -224.81
5. Assessed Bank Finance 0.00 0.00 0.00 200.00 200.00
6. NWC to Total Current Assets % -105.17 -170.47 -215.14 -33604.35 -27085.54
7. Bank Finance to TCA % 0.00 0.00 0.00 28985.51 24096.39
8. Sundry Creditors to TCA % 205.17 270.47 315.14 4718.84 3089.16
9. Other Current Liability to Total Current assets % 0.00 0.00 0.00 0.00 0.00
10. Inventory to Net Sales ( Days ) 161 - - - -
11. Receivables to Gross Sales ( Days ) - - - - -
12. Sundry Creditors to Purchases ( Days ) - - - - -
FORM - VI FUND FLOW STATEMENT (Rs.in Lacs)
0.00 As per Balance sheet as at
2018 2019 2020 2021 2022
Following Following Following Following Following
Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.
(3) (4) (5) (6) (7)

1. SOURCES
a) Net profit (after tax) 29.53 73.03 69.41 111.53 134.39
b) Depreciation 1.59 4.07 11.78 10.01 8.51
c) Increase in capital 94.21 0.00 0.00 0.00 0.00
d) Increase in term liabilities,including public deposits 43.30 52.40 35.06 0.00 0.00
e) Decrease in : i ) Fixed assets 0.00 0.00 0.00 11.78 10.01
ii) Other non-current assets 0.00 0.00 0.00 0.00 0.00
f) Others
g) TOTAL 168.63 129.50 116.25 133.32 152.91
2. USES
a) Net loss
b) Decrease in term liabilities,including public deposits 0.00 0.00 0.00 16.76 7.50
c) Increase in : i ) Fixed asset 87.10 8.79 49.23 0.00 0.00
ii ) Depreciation adjustment 0.00 1.59 4.07 11.78 10.01
iii) Other non-current assets 306.21 76.83 67.83 102.13 90.89
d) Dividend payment 0.00 0.00 0.00 0.00 0.00
e) other
f) withdrawal 0.00 0.00 0.00 0.00 0.00
g) TOTAL 393.31 87.21 121.13 130.67 108.40
3. Long term surplus / deficit -224.68 42.29 -4.88 2.65 44.51
4. Increase / Decrease in current assets* 213.63 (99.91) (18.92) (94.11) 0.14
(as per details given below)
5. Increase / Decrease in current liabilities 438.31 (130.73) (8.83) (266.19) (6.92)
other then bank borrowings
6. Increase / Decrease in working capital gap (224.68) - - - -
7. Net surplus(+) / deficit(-) - 42.29 (4.88) 2.65 44.51
8. Increase / Decrease in Bank borrowings - - - 200.00 -
INCREASE / DECREASE IN NET SALES 369.48 514.68 274.32 229.80 277.66
*Break-up of (4) - 42.29 (4.88) 202.65 44.51
i ) Increase / decrease in Raw materials 163.27 (163.27) - - -
ii ) Increase / decrease in Stock -in-process - - - - -
iii ) Increase / decrease in Finished goods - - - - -
iv) Increase / decrease in Receivables (a) Domestic - - - - -
(b) Export - - - - -
v ) Increase / decrease in Stores & spares - - - - -
vi) Increase / decrease in Other current assets 50.36 63.36 (18.92) (94.11) 0.14
213.63 (99.91) (18.92) (94.11) 0.14
 Assesment of Working Capital Requirements
Financial Indicators
2018 2019 2020 2021 2022
0.00 Following Following Following Following Following
Year-Projec. Year-Projec. Year-Projec. Year-Projec. Year-Projec.
[3] [4] [5] [6] [7]

1. Net Sales 369.48 884.16 1158.48 1388.28 1665.94

2. Profit Before Tax 29.53 73.03 69.41 111.53 134.39
3. Profit After Tax 29.53 73.03 69.41 111.53 134.39
4. Paid Up Capital 94.21 112.27 180.09 218.93 293.01
5. Tangible Net Worth 123.74 185.30 249.50 330.46 427.40
6. Total Outside Liability 481.61 403.28 429.51 346.56 332.14
7. TOL / TNW 3.89 2.18 1.72 1.05 0.78
8. Total Tangible Asset 605.35 588.58 679.01 677.02 759.54
9. PBT / TTA ( % ) 4.88% 12.41% 10.22% 16.47% 17.69%
10. Operating Expenses 339.95 811.13 1089.07 1250.75 1505.55
11. Operating Expenses / Net Sales ( % ) 92.01% 91.74% 94.01% 90.09% 90.37%
12. Cost Of Sales / Net sales ( % ) 80.12% 89.32% 90.81% 86.62% 86.59%
13. Depretiation 1.59 4.07 11.78 10.01 8.51
14. Interest 0.00 0.00 0.00 26.00 26.00
15. Net Working Capital -224.68 -193.86 -203.95 -231.87 -224.81
16. Cash accruals 31.12 77.10 81.19 121.54 142.90
17. Inventory + Receivables 163.27 0.00 0.00 0.00 0.00
18. Assessed Bank Finance 0.00 0.00 0.00 200.00 200.00
19. PBDIT 31.12 77.10 81.19 147.54 168.90
20. PBDIT / Intt. #DIV/0! #DIV/0! #DIV/0! 5.67 6.50
21. PBDIT / TTA 5.14 13.10 11.96 21.79 22.24
22. Purchases 163.27 -163.27 0.00 0.00 0.00
23. Sundry Creditors 438.31 307.58 298.75 32.56 25.64

24. TOL / TNW 3.89 2.18 1.72 1.05 0.78

25. CA /CL 0.49 0.37 0.32 0.00 0.00
26. Bank Finance / TCA ( % ) 0.00% 0.00% 0.00% 28985.51% 24096.39%
27. Gross Sales / Total Current Assets 1.73 7.77 12.22 2,012.00 2,007.16

28. Operating Profit / Net Sales ( % ) 7.99% 8.26% 5.99% 9.91% 9.63%
29. Operating Profit / TTA ( % ) 4.88% 12.41% 10.22% 20.31% 21.12%
30. Operating Profit / TNW ( % ) 23.86% 39.41% 27.82% 41.62% 37.53%
31. Operating Profit / Gross Fixed Assets( % ) 33.90% 76.16% 47.83% 103.14% 130.05%

32. Net Profit / Net Sales ( % ) 7.99% 8.26% 5.99% 8.03% 8.07%
33. Net Profit / TTA ( % ) 4.88% 12.41% 10.22% 16.47% 17.69%
34. Net Profit / TNW ( % ) 23.86% 39.41% 27.82% 33.75% 31.44%
35. Net Profit / Gross Fixed Assets ( % ) 33.90% 76.16% 47.83% 83.64% 108.97%

36. Net Sales / TTA 61.04 150.22 170.61 205.06 219.34

37. (Inventory + Receivable)/Net Sales ( days ) 161 - - - -
38. Cash Accruals / TTA ( %) 5.14% 13.10% 11.96% 17.95% 18.81%

A. Assessed Bank Finance 0.00 0.00 0.00 200.00 200.00

B. CA /CL 0.49 0.37 0.32 0.00 0.00
C. TOL / TNW 3.89 2.18 1.72 1.05 0.78
D. PBDIT / Intt. #DIV/0! #DIV/0! #DIV/0! 5.67 6.50
E. (PBDIT / TTA) ROCE 5.14 13.10 11.96 21.79 22.24
F. Net Profit / Net Sales ( % ) 7.99% 8.26% 5.99% 8.03% 8.07%
G. (Inventory + Receivable)/Net Sales ( days ) 161 - - - -
H. PBT/Net Saels 7.99% 8.26% 5.99% 8.03% 8.07%
 2018 2019
Cross Checks Current Year Current Year
Estimates Estimates
Difference in Balance Sheet 0.00 0.00

Diff between SIP in P& L and in Balance sheet (163.27) 0.00

Diff between FG in P& L and in Balance sheet 0.00 0.00

Diff between Depre. in P& L and in Balance sheet 0.00 1.59

Diff between P& L Balane & Inc in Retained Earnings 0.00 29.53