CMA Report

EVERGREEN DRY CLEANERS

Prop: Pappa Palaniyammal
1/33 B,
Periyapatti Road
Namakkal - 637002
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ASSESSMENT OF WORKING CAPITAL REQUIREMENT

FORM II : OPERATING STATEMENT

Sheet 1
As on 31st MarchRs. In Lakhs
2023 2024 2025 2026
PROV PROJ PROJ PROJ
1 GROSS SALES
i Gross sales 40.00 45.36 52.05 55.03
Other Income 0.00 0.00 0.00 0.00
Total 40.00 45.36 52.05 55.03
2 Deduct other items 0.00 0.00 0.00 0.00

3 Net sales ( item 1 - item 2 ) 40.00 45.36 52.05 55.03

4 % age rise (+) or fall (-) in net sales 0.00 0.00 0.00 0.00
compared to previous year (annualised)

5 Cost of Sales

i.) Raw materials (including 26.00 25.86 31.75 33.01

stores and other items used
in the process of manufacture)
(a) imported

(b) Indigenous 0.00 0.00 0.00

ii) Other spares 0.00 0.00 0.00 0.00

(a) Imported
(b) Indigenous 0.00 0.00 0.00 0.00

iii) Power and fuel 1.32 1.50 1.60 1.76

iv) Direct labour 1.98 2.00 2.20 2.42

(Factory wages & salary)

v) Other mfg. Expenses Rep & Maintn 0.22 0.23 0.24 0.26

vi) Depreciation 2.43 3.84 3.27 2.78

vii) SUB TOTAL (I TO VI) 31.95 33.43 39.06 40.23

viii) ADD: Opening stocks-in-Process 2.50 6.25 7.45 8.69

Sub-total 34.45 39.68 46.51 48.92
ix) Deduct : Closing stocks-in- process 6.25 7.45 8.69 9.45
x) Cost of Production 28.20 32.23 37.82 39.47
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FORM II : OPERATING STATEMENT

Sheet 2
As on 31st March Rs. In Lakhs
2023 2024 2025 2026
PROV PROJ PROJ PROJ

xi) Add : Opening stock of FG 0.00 0.00 0.00 0.00

Sub-total 28.20 32.23 37.82 39.47
xii) Deduct: Closing stock of FG 0.00 0.00 0.00 0.00
xiii) SUB-TOTAL (Total cost of Sales) 28.20 32.23 37.82 39.47

6 Selling general & administrtive Exps. 0.00 0.00 0.00 0.00

7 SUB-TOTAL (5+6) 28.20 32.23 37.82 39.47

8 Operating profit before interest (3 -7) 11.80 13.13 14.23 15.56

9 INTEREST:
Working Capital Interest-Proposed 0.00 0.00 0.00 0.00
Term Loan Interest(Machinery) - Proposed 2.37 1.96 1.66 1.33
OD-Existing 0.00 0.00 0.00 0.00
Total Interest 2.37 1.96 1.66 1.33
10 Operating profit after interest (8-9) 9.43 11.17 12.57 14.23

11 (i) Add other non-operating income

(a) Interest on Bank Deposits 0.00 0.00 0.00 0.00
(b) Jobwork charges 0.00 0.00 0.00 0.00
(c) TUF Subsidy 0.00 0.00 0.00 0.00
(d) Others 0.00 0.00 0.00 0.00
Sub-total ( income ) 0.00 0.00 0.00 0.00
(ii) Deduct other non-operating expenses
Prior period adjustments 0.00 0.00 0.00
Deferred Rev Exp
Sub-total ( expenses ) 0.00 0.00 0.00 0.00
(iii) Net of other non-operating 0.00 0.00 0.00 0.00
income/expenses
12 Profit before tax/loss[10+11(iii)] 9.43 11.17 12.57 14.23
13 Provision for taxes DT/IT 0.00
14 Prior Years Adjustment(if any)#
15 Net profit/loss for the year ( 12-13 ) 9.43 11.17 12.57 14.23
16 (a) Equity dividend paid-amt
(Already paid+ B.S. provision)
(b) Dividend Rate
17 Retained profit ( 14-15 ) 9.43 11.17 12.57 14.23
18 Retained profit/Net profit (% age) 0 0 0 0
19 CASH PROFIT 11.86 15.01 15.84 17.01
# (-)ve for expense/provisions and (+) ve for gains

1.66
1.17

T L Rept 0.00 1.25 1.65 1.85

Net Cash Accruals 11.86 13.76 14.19 15.16

WORKINGS
CASH PROFIT as per Fin-Ind 11.86 15.01 15.84 17.01

as above 11.86 15.01 15.84 17.01

29.7% 33.1% 30.4% 30.9%

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FORM III
Sheet 1
LIABILITIES STATEMENT
As on 31st March Rs. In Lakhs
Sl. 2023 2024 2025 2026
LIABILITIES
No. PROV PROJ PROJ PROJ
CURRENT LIABILITIES
1 Short-term borrowings from
banks(including bills purchased,
placed on repayment basis)
(i.) From applicant banks 23.65 22.40 20.55 18.40
(ii.) From other banks 0.00 0.00 0.00 0.00
(iii) Of which BP & BD 23.65 22.40 20.55 18.40
SUB TOTAL 23.65 22.40 20.55 18.40
2 Short term borrowings from others
3 Sundry Creditors (Trade) 4.84 5.62 3.68 1.65
4 Advance payments from custo-
mers/deposits from dealers
5 Provision for taxes 0.00 0.00 0.00 0.00
6 Dividend payable
7 Other statutory liabilities-Expn. Payable 0.00 0.00 0.00 0.00
(due within one year)
8 TL Instalments due within 1 yr - Existing 0.00 0.00 0.00 0.00
- Proposed 0.00 0.00 0.00 0.00
9 Other current liabilities & provisions
(due within I Yr)

SUB-TOTAL (B) 4.84 5.62 3.68 1.65

TOTAL CURRENT LIABILITIES 28.49 28.02 24.23 20.05
TERM LIABILITIES
11 Debentures (not maturing within one year)
12 Preference shares
(redeemable after one year)
13 Term loans(excluding instalment) Existing 0.00 0.00 0.00 0.00
payable within one year) Proposed 0.00 0.00
14 Hire Purchase (Excluding instalment
due within one year)
15 Unsecured Loans 0.00 0.00 0.00 0.00
16 Other Term Liabilities
Deffered Tax Liability (DTL) 0.00 0.00 0.00 0.00
17 TOTAL TERM LIABILITIES 0.00 0.00 0.00 0.00
18 TOTAL OUTSIDE LIABILITIES 28.49 28.02 24.23 20.05
NET WORTH
19 Ordinary share capital 10.59 13.27 19.75 26.62
20 Unsec.Loans treated as Quasi equity 0.00 0.00 0.00 0.00
21 Revaluation Reserve
22 Share Application Money

23 Surplus (+) or deficit (-) in 9.43 11.17 12.57 14.23

Profit & Loss Account+op.PROFIT
24 NET WORTH 20.02 24.44 32.32 40.85

25 TOTAL LIABILITIES 48.51 52.46 56.55 60.90

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FORM III
Sheet 2
ASSETS STATEMENT
As on 31st March Rs. In Lakhs
Sl. ASSETS
2023 2024 2025 2026
No. PROV PROJ PROJ PROJ
CURRENT ASSETS
26 Cash and bank balances 1.75 2.25 3.45 4.58
Fixed Deposits with Banks
28 (i) Receivables other than 4.94 10.73 14.12 17.89
purchased and discounted by banks)
(ii) Export receivables(include bills
purchased and discounted by banks)
29 Instalments of deferred 0.00 0.00 0.00
receivables(due with in one yr.)
30 Inventory: 6.25 7.45 8.69 9.45
(i)Raw materials(including stores
& other items used in the
process of manufacture)
(a) Imported
(b) Indigenous 0.00 0.00 0.00 0.00
(ii) Stock-In-Process 6.25 7.45 8.69 9.45
(iii) Finished goods 0.00 0.00 0.00 0.00
(iv) Other Consumable Spares 0.00 0.00 0.00 0.00
(a) Imported
(b) Indigenous 0.00 0.00 0.00 0.00
31 Advance to suppliers of raw
materials & stores and spares
32 Advance payment of taxes
33 Other Current assets 9.95 10.25 11.78 13.25
TUF subsidy receivable 0.00 0.00 0.00 0.00
Excise duty receivable on CG/GST 0.00 0.00 0.00 0.00
Other Current assets 0.00
34 TOTAL CURRENT ASSETS 22.89 30.68 38.04 45.17
FIXED ASSETS
35 Gross Block(Land & Building 28.05 28.05 28.05 28.05
machinery, work-in-process)
36 Depreciation to date 2.43 6.27 9.54 12.32
NET BLOCK 25.62 21.78 18.51 15.73
 OTHER NON-CURRENT ASSETS
38 Investment/bookdebts/advances/ 0.00 0.00 0.00 0.00
deposits which are not current assets
(i) a) Investment in subsidiary Co.
b) Other Investments 0.00 0.00 0.00 0.00
(ii) Advances to suppliers of
capital goods & contractors
(iii) Deferred receivables (maturity
exceeding one year)
(iv) Others (a) Debtors> 6 months 0.00 0.00
(b) Security Deposits 0.00 0.00 0.00 0.00
© Other FD
© Project Surplus
39 Non-consumables stores & spares
40 Other non-current assets incl- 0.00 0.00 0.00
uding dues from Directors
41 TOTAL OTHER NON-CURR. ASSETS 0.00 0.00 0.00 0.00
42 Intangible assets (patents, goodwill 0.00 0.00 0.00
prelim.expenses, bad/doubtful etc.,) 0.00 0.00 0.00 0.00
43 TOTAL ASSETS (34+37+41+42) 48.51 52.46 56.55 60.90
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FUND FLOW (DETAILED)

Rs. In Lakhs
1 SOURCES 2025 2026

a. Net Profit (After Tax) 12.57 14.23

b. Depreciation 3.27 2.78
c Increase in Capital/USL 6.48 6.87
d. Increase In TL. Incl.public deposits
e. Decrease in
ii.) Other Non Current Assets 0.00 0.00
f Others 0.00 0.00
g. Total 22.32 23.88
22.32 23.88
2 USES

a. Dec.in Term Liab. Exisrting 3.79 4.18

b. Proposed - -
Increase in
c. i) Fixed Assets 0.00 0.00
ii) Other Non current assets 0.00 0.00
Dividend Payment 0.00 0.00
d. Others 0.00 0.00
e Total 3.79 4.18
 FUNDS FLOW STATEMENT (Summary)

3 I Long Term Surplus/Deficit 18.53 19.70

4 ii Increase/decrease in Curr. Assts. 7.36 7.14
5 iii Inc./Dec. in CL other than BB -1.94 -2.03
6 iv Inc./Dec. in WC Gap 9.30 9.17
7 v Net Surplus (+) Deficit (-) 9.23 10.53
8 vi Inc./Dec. in Bank Borrowings -1.85 -2.15

Long Term Sources 22.32 23.88

Long Term Uses 3.79 4.18
Surplus/Deficit 18.53 19.70

Movement of TNW (Corporate)

2025 2026
Particulars
Opening balance 24.44 32.32
1 Add.
i Profit/(-)Loss after Tax 12.57 14.23
ii Increase in Capital 6.48 6.87
iii Dec./(-) Inc.in Intangible Assets 0.00 0.00
iv Inc../(-) \ Dec.in Reserves -11.17 -12.57
v. Adjust prior year expenses 0.00 0.00
2 Less
Div Paid(Incl.Div.Tax)/ Withdrawals 0.00 0.00
TNW 32.32 40.85
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PERFORMANCE AND FINANCIAL INDICATORS

As on 31st March Rs. In Lakhs

Particulars 2023 2024 2025 2026

Net Sales 40.00 45.36 52.05 55.03

% rise/fall (-) in net sales 0.00 0.00 0.00 0.00
Operating Profit 9.43 11.17 12.57 14.23
9.43 11.17 12.57 14.23
Profit Before tax 9.43 11.17 12.57 14.23
PBT/ Sales (%) 0.00 0.00 0.00 0.00
Profit After Tax 9.43 11.17 12.57 14.23
Cash Accrual 11.86 15.01 15.84 17.01

Caah Accruals/Sales (%) 0.00 0.00 0.00 0.00

Paid Up Capital 10.59 13.27 19.75 26.62
TNW 20.02 24.44 32.32 40.85
Adjusted TNW 20.02 24.44 32.32 40.85
TOL/TNW (times) 0.00 0.00 0.00 0.00
Adjusted TOL/TNW 0.00 0.00 0.00 0.00
NWC -5.60 2.66 13.81 25.12
Current Ratio 0.80 1.09 1.57 2.25
If Not considering TL Due within 1 Yr as CL
NWC -5.60 2.66 13.81 25.12

Other Ratios
Operating Cost/ sales % 0.00 0.00 0.00 0.00

Net Sales /TTA (times) 0.00 0.00 0.00 0.00

PBDIT 14.23 16.97 17.50 18.34

EFFICIENCY RATIOS
2023 2024 2025 2026
Particular
Net Sales/ Total Tangible 0.00 0.00 0.00 0.00
Assets (times) 0.00 0.00 0.00 0.00
PBT/ Total Tangible Assets (%) 0.00 0.00 0.00 0.00
Operating Cost to sales (%) 0.00 0.00 0.00 0.00
Bank Finance/ Ct. Assets (%) 0.00 0.00 0.00 0.00
Inventory+ Receivables to net sales (Days) 0.00 0.00 0.00 0.00

Figures in Italics represents estimates taken at the time of the last renewal.

RISK RATING RELATED RATIOS

1 Current Ratio 4.73 5.46 10.34 27.38
2 TOL/TNW (times) 0.00 0.00 0.75 0.49
3 PBDIT/Interest (times) 3.98 5.70 7.57 10.70
4 PAT/Net Sales (%) 0.00 0.00 0.00 0.00
5 ROCE (%) (PBDIT/TA) 0.00 0.00 0.00 0.00
6 INV+REC./Sales (days) -5.60 2.66 13.81 25.12
7 Debt equity ratio
Long Term Liab. 0.00 0.00 0.00 0.00
TNW 20.02 24.44 32.32 40.85
DER 0.00 0.00 0.00 0.00
DSCR STATEMENT
Rs. In Lakhs
Particulars 2023 2024 2025 2026 Total

Net Sales 40.00 45.36 52.05 55.03 192.44

Sources
Net Cash Accrual 11.86 15.01 15.84 17.01 59.72

TL Interest 0.00 0.00 0.00 0.00 0.00

15.01 15.84 17.01 59.72
Total Sources 11.86 15.01 15.84 17.01 59.72

Obligations

TL Instalment repayment
-Existing - - - - 0.00
-Proposed - 1.25 1.65 1.85 4.75
Total - 1.25 1.65 1.85 4.75

TL Interest
-Existing - - 0.00
-Proposed 2.37 1.96 1.66 1.33 -
Total 2.37 1.96 1.66 1.33 7.32

Total Uses 2.37 3.21 3.31 3.18 12.07

Gross DSCR 5.0 4.7 4.8 5.3

Average GDSCR 4.95

Net DSCR 0.0 12.0 9.6 9.2

Average NDSCR 12.57