AINE INFRA PVT LTD

PROJECT AT A GLANCE

1. Name of the Unit :: Aine Infra Private limited

#696, Main Road,

Whitefield, Bangalore –
2. Address – Regd. Office :: 560066 Ph: 9535360292
email:
sctattvam@gmail.com

4. Constitution :: Private Limited Company

Mr. Srinivasa Chakravarthy

5. Names of the Directors ::
Ms. Kavitha Chakravarthy

6. Date of establishment :: February 2022

7. Activity :: Steel, Glass Fabrication, Window / Door

Fabrication, Installation, undertaking
turnkey projects including Civil
Construction

8. The Project / Purpose :: Purchase of Plant & Machinery, Tools and

Equipments, Leasehold Developments etc

9. Project Cost ::
Rs. 4000 lacs

10. Promoter contribution :: Rs. 1000 lacs (25%)

11. Project Debt Equity :: 3.00

12. Average DSCR :: 4.12

13. Fixed Assets Coverage :: 1.33

14. Facility Sought :: Term Loan : Rs. 3000 lacs

Working Capital (Fund Based) : Rs.4500
lacs
ILC/FLC : Rs.1000 lacs
BG: Rs.1000 lacs
 AINE INFRA PVT LTD

A. INTRODUCTION:

Aine Infra Pvt Ltd was incorporated in February 2022 with the business
objective of undertaking fabrication works with focus on high end apartment
projects, villa projects, Real estate projects etc. The company proposes to
engage in Steel, high end Glass Fabrication, Window / Door Fabrication,
Installation, undertaking turnkey projects including Civil Construction.

B: PROMOTERS PROFILE

Sri Srinivasa Chakravarthy is a graduate in Mechanical Engineering and

has undergone Executive program at IIM-B. He has over 23 years of Industrial
experience specializing in Production, Design, QA & QC, Testing, certification
and inspections.

Experience as an Employee

2011-2014

Senior Vice President – TTK Prestige Ltd.

- Responsible for complete operations, P&L of TTK Prestige factories in

Gujarat and Maharashtra.
- Established the production in the factory at Khardi, Maharashtra

- Established production on the Green Field factory at

Karjan, Gujarat. -- Part of the strategic planning
team.

2007-2011
Country Manager – Industry Services, TUV Rheinland India Pvt Ltd. -

Responsible for Entire operations, P&L, conceptualization and initiation of

various new business models in Testing and certification.
 AINE INFRA PVT LTD

2007 -Visualized and established the first of its kind Welding Technology
Authorised Training Body by any certification body in India.

2010 –conceptualized and established India's First private Photovoltaic Module

Testing Lab. Successfully running with breakeven achieved within the first
year.

2010 - Established a Material Testing lab with varied capabilities (petroleum,

Metals, Plastics, Tyres, REACH, ROHS, WEEE, textiles, leather, food,
microbiology , failure analysis, reverse engineering

2010 - Established Photovoltaic Power Plant certification services

He has also worked with Engineer –UL India and LAPP KABEL India in
formative years

Entrepreneurial Experience

Founder and Managing Director of Tattvam Weldtech Pvt Ltd, a

company engaged in Aluminum Windows and Doors Manufacturing in
technical collaboration with Italian (Ponzio Srl), Belgian (Reynears) and
Japanese (YKK) Aluminum Window system providers.

Tattvam is also a fabricator and installer for SS and Glass Railings, Glazing
and similar construction related activities.

Founder Director of Sri Tattvam Engineering & Projects, a company

involved in involved in development of Villas, Farm & Villa Plots, Malls and
Apartments.

Ms Kavitha Chakravarthy is a holder of Post Graduate Diploma in Business

Administration (PGDBA) from ICFAI Business School, Hyderabad. She has
 AINE INFRA PVT LTD

wide experience in HR, Recruitment, Talent Search, Training and mentoring.

She has worked in these areas in companies like Microsoft, Goldman Sachs,
Idea Solutions, JK Management consultants etc.

C: PRESENT PROJECT:

The company now intends to set up the manufacturing and service facilities
with an investment of Rs. 4000 lacs in Plant & Machinery, tools &
Equipments, Vehicles, Miscellaneous Assets, Office set up etc. The company
now seeks term loan assistance of Rs.3000 lacs to part finance the project
cost.

C.1 Cost of Project and Means of Finance

Cost of Project:
Annexure-1depicts the Cost of Project & Means of Finance
The hard cost the Project works out to Rs.4000 lacs. The company is
seeking term loan of Rs. 3000 lacs and thus the project Debt Equity works
out to 3:1 and Promoter contribution stands at 25%. The project Fixed
Assets Coverage Ratio works out to 1.33.

Including other costs such as deposits, contingencies, implementation

period interest and working capital margin, the Cost of Project works out
to Rs.5625 lacs. The Debt /Equity works out to 1.87 and promoter
contribution works out to 47%

D.TECHNICAL ASPECTS

Nature of Activity:

The company proposes to engage in Steel, high end Glass Fabrication, Window
/ Door Fabrication, Installation, undertaking turnkey projects including Civil
Construction.
 AINE INFRA PVT LTD

Metal fabrication is the creation of metal structures by cutting, bending and

assembling processes. It is a value-added process involving the creation of
parts, and structures from various raw materials.

Typically, a fabrication shop bids on a job, usually based on engineering

drawings, and if awarded the contract, builds the product. Large fab shops
employ a multitude of value-added processes, including welding, cutting,
forming and machining.

As with other manufacturing processes, both human labor

and automation are commonly used. A fabricated product may be called
a fabrication, and shops specializing in this type of work are called fab shops.
The end products of other common types of metalworking, such
as machining, metal stamping, forging, and casting, may be similar in shape
and function, but those processes are not classified as fabrication.

The company proposes to install Performance Glass fabricated windows/

outer boundaries in high rise apartments which has many advantages
compared to commonly used UPVC windows.

Performance Glass OR Insulating glass (IG) consists of two or

more glass window panes separated by a space to reduce heat
transfer across a part of the building envelope. A window with insulating
glass is commonly known as double glazing or a double-paned window, triple
glazing or a triple-paned window, or quadruple glazing or a quadruple-paned
window, depending upon how many panes of glass are used in its
construction.

Insulating glass units (IGUs) are typically manufactured with glass in

thicknesses from 3 to 10 mm (1/8" to 3/8"). Thicker glass is used in special
applications. Laminated or tempered glass may also be used as part of the
construction. Most units are produced with the same thickness of glass on
 AINE INFRA PVT LTD

both panes but special applications such as acoustic attenuation or security

may require different thicknesses of glass to be incorporated in a unit.

The space in between the panes provides the bulk of the insulation effect and
may be filled with air, but argon is often used as it gives better insulation, or
sometimes different gases or a vacuum are employed.

Land and Building

The company has taken factory premises in long term lease basis. The
factory shed has adequate space and all other infrastructural facilities. The
extent of land, location and area of the building are adequate and suitable for
the industrial activity proposed to be undertaken.

Raw Materials & Consumables

The Raw Materials & Consumables required are MS, SS items, Performance
Glass, Adhesives, Brass and Aluminum items, Chemicals etc. These are
available locally and no difficulty is foreseen in obtaining adequate supplies.

Power:

The estimated power requirement is 300 KVA. The factory shed has got
adequate power connection.

Water:

The manufacturing process does not require water. Water is required for
general drinking and sanitary purposes and is estimated at 1500 liters per
day. Adequate supplies will be ensured.

Manpower:

Annexure -5 provides the category wise manpower requirement with

corresponding wages /salary.
 AINE INFRA PVT LTD

The promoters are experienced entrepreneurs and hence engaging suitable

persons at appropriate time will not be a constraint.

Implementation
The following is the implementation schedule:

Activity Commencement Completion

Factory Lease Agreement Completed Completed
Commencement of Civil / Repair Work May-22 Aug.22

Procurement & Installation of Machinery Jul-22 Sep.22

Electrical Works / Generator etc Sep.22 Oct.22

Procurement of Computers / Office Equipments Sep.22 Oct.22

Installation and Trial Run Oct.22 Oct.22

Availment of Term Loan Apr.22 Nov.22

Commercial Operations Oct.22 Oct.22

Commencement of repayment Jan.23

Implementation period (From first disbursement) 6 months

Holiday period 3 months

Total Moratorium period 9 months

Repayment period 75 months

Total period of the Loan 84 months

E: FINANCIAL ANALYSIS

The Financial projections with detailed calculations of Sales, Expenses,

Projected Profit & Loss Account, Projected Balance Sheet, DSCR Calculation,
Cash Flow, Break-Even Analysis, CMA data are enclosed.
 AINE INFRA PVT LTD

E.1 Assumptions on Sales & Expenses

Sales:

The company has got a long term order from Golden Gate Properties
for various fabrication works including performance glass fabrication.
The following table depicts the details with estimated revenue potential
in the next 2 years period, from Golden Gate Sky Villa Projects alone.
PROJECT VALUE (Rs. in lacs)

ALUMINIUM WINDOWS & RAILINGS UPTO 44TH FLOOR 2600

COMPELTE FAÇADE UPTO 2ND FLOOR 800
FAÇADE AT 50TH FLOOR CLUB HOUSE 250
WINDOWS & RAILINGS 45TH FLOOR TO 50TH, 400
STEEL RAILINGS FOR STAIRCASE 250
VENTILATOR WINDOWS IN COMMON AREAS 80
SHOWER CUBICLE / PARTITIONS 400
DUCT DOORS FOR PLUMBING & ELEC 20
STRUCUTRAL STEEL WORK FOR STAGING 200
INTERIORS FOR APPROX 150 OF 368 HOMES 150 6000
TOTAL 11000

Brief information on Golden Gate Properties

Golden Gate Properties Limited is a public limited company based in
Bangalore. The company incorporated in 1997 and has since developed
acclaimed projects across the residential and the commercial space, spanning
the horizons of Bangalore and Hyderabad. These projects have earned
Golden Gate a stellar reputation as a leading real estate developer of South
India.

Golden Gate's expertise has been high-end residential projects catering to

higher middle-class clientele. Since setting sail, Golden Gate has executed 16
residential and commercial projects covering an area of 7 mn sq.ft.
 AINE INFRA PVT LTD

Golden Gate is a wholly integrated, end-to-end, real estate developer. The

company sets the highest standards throughout the construction processes.
To maintain a golden standard of quality in its projects, Golden Gate
collaborates with acclaimed talent in architecture and landscaping.

The business relationship with Golden Gate properties will continue for
their upcoming projects as well.

The company will also undertake similar bulk projects as also smaller
individual projects. Considering the potential, capability of the
promoters the revenue for first year of operations (for 6 months period
from October 2022 to March 2023) is projected at Rs.100 crores. The
second year revenue is projected at Rs.244 crores. The full details are
furnished in Annexure -6.

Expenses:

 The company’s business model is working capital and raw material

intensive. The Raw Material consumption is projected at 80% of the
sales.
 Consumables consumption have been assumed at about 1.8% of the
sales turnover.

 Power & Fuel expenses have been calculated based on the connected
load. The details are furnished in Annexure -5

 Manpower expenses have been calculated based on the number of

workers & other employees and wage levels. The details are furnished
in Annexure -5.
 Repair and Maintenance has been assumed @0.5% of Sales.
 Other manufacturing costs (Freight, Transportation, Outsourcing etc)
have been assumed at 2.5% of sales.
 AINE INFRA PVT LTD

 Selling and Administration expenses have been assumed at 1.25% of

Sales.
 Depreciation and income tax have been assumed at rates applicable as
per Income Tax Act.
 Interest on Term Loan and Working Capital Limit has been calculated
@9.5% p.a.

E. 2 Key Financial Parameters:

Annexure -9 provides the projected values of Key Financial Parameters:

The Projected Values of Key Financial Parameters are satisfactory and

conform to the lending norms.

E.3. DSCR Calculation:

Annexure -10 table depicts the DSCR calculation.

The Average Gross DSCR works out to 4.12, which indicates sufficient cash
generation for repayment and establishes the viability of the project. It may
be mentioned here that the business model of the company is highly working
capital (Materials and Receivables) intensive and hence the Fixed Assets
requirements is lower compared to Current Assets. Thus the term borrowings
are lower compared tpo Working Capital facilities. Hence DSCR is highly
comfortable.

E.4 Project Parameters

The following table depicts the projected project parameters:

Projected
Parameter
Value
Promoter Contribution
25%
Project Debt/ Equity
3:1

Average DSCR 4.12

 AINE INFRA PVT LTD

Fixed Assets Coverage Ratio 1.33

The project parameters are satisfactory.

E.5 Working Capital

As mentioned earlier, the company’s business is working capital intensive.

The company seeks fund based working capital limit of Rs.4500 lacs, ILC/FLC
limit of Rs.1000 lacs and BG limit of Rss.1000 lacs. The assessment of
working capital limits are furnished in Annexure -13 (CMA Data)

E.6 Facility Sought

Term loan sought Rs.3000 lakhs

Rate of Interest assumed for projections 9.50%
Expected date of Term Loan availing April 22
Implementation period 6 months
Holiday period required 3 months
Total Moratorium period from first
9 months
disbursement
Commencement of repayment Jan.23
No. of Installment 75
Total period of the loan 84 mths
As and when
Interest payment
charged
Wkg. Capital OCC /ODBD Limit Rs.4500 lacs
ILC/FLC Limit Rs.1000 lacs
BG Limit Rs.1000 lacs

F: MARKETING

As already mentioned the company has secured long term orders from
Golden Properties with an estimated revenue potential of Rs.110 crores. The
company will scout for similar orders from other reputed builders like
Shobha, Prestige, and Brigade etc. The Directors are well experienced;
 AINE INFRA PVT LTD

qualified, resourceful and capable of securing value orders on an ongoing

basis. The company will have a dedicated marketing and sales team headed
by a person having adequate experience in the field.

G. CONCLUSION

 Well qualified & experienced Promoter.

 Direct involvement of the Promoter in day to day functioning.
 Projected Financial Ratios are well above the bench mark level.
 The market conditions are favorable to the products / services of the
unit.
 Unit providing direct employment to 160 persons.
 Unit comes under thrust sector of MSME.

The Directors and their team have got adequate technical knowledge,
professional approach and business acumen. The projected Financial Ratios
like Promoter Contribution, DSCR, Debt-equity, Asset Cover and Security
margin are satisfactory. On the whole, the operations of the company are
technically feasible and financially viable.

*************************
 AINE INFRA PVT LTD
LIST OF ANNEXURES

Ann. No Description
1 Cost of Project and Means of Finance
2 Implementation Schedule
3 Schedule of Fixed Assets and Depreciation
4 Schedue of Term Loan Repayment and Interest Calculation
5 Power, Fuel and Manpower Cost
6 Sales & Expenses Projections
7 Projected Profit and Loss Account
8 Projected Balance Sheet
9 Key Parameters
10 DSCR Calculation
11 Cash Flow Statement
12 Break-Even Analysis
13 CMA data
 Annexure- 1
AINE INFRA PVT LTD
COST OF PROJECT AND MEANS OF FINANCE
Rs. lakhs

No PARTICULARS Total Cost Term Loan (75%)

1 Leasehold Civil Repair Works, Installation of Machinery etc 100.00 75.00

2 Plant and Machinery (Glass Fabricatiion, Steel Fabrication etc) 3250.00 2437.50
3 Furniture, Fixtures, Office set up etc 245.00 183.75
4 Tools & Equipments etc 300.00 225.00
5 Generators & Solar Power equipments 50.00 37.50
6 Transport Vehicles 50.00 37.50
7 Computers & Printers 5.00 3.75

Sub Total 4000.00 3000.00

8 Lease Advance - Factory 30.00 0.00

9 Preliminary and Pre-operative expenses 10.00 0.00
10 Provision for contingencies 13.75 0.00
11 Interest during implementation 71.25 0.00
12 Margin for working capital 1500.00 0.00
TOTAL 5625.00 3000.00
MEANS OF FINANCING
PARTICULARS Total
1 Promoter's Contribution 1000.00
2 Term Loan from Bank 3000.00
TOTAL 4000.00
1 PROMOTER'S CONTRIBUTION 25%
2 DEBT EQUITY RATIO 3.00
 Annexure - 2

AINE INFRA PVT LTD

IMPLEMENTATION SCHEDULE

Activity Commencement Completion

Factory Lease Agreement Completed Completed
Commencement of Civil / Repair Work May-22 Aug.22

Procurement & Installation of Machinery Jul-22 Sep.22

Electrical Works / Generator etc Sep.22 Oct.22

Procurement of Computers / Office Equipments Sep.22 Oct.22

Installation and Trial Run Oct.22 Oct.22

Availment of Term Loan Apr.22 Nov.22

Commercial Operations Oct.22 Oct.22

Commencement of repayment Jan.23

Implementation period (From first disbursement) 6 months

Holiday period 3 months

Total Moratorium period 9 months

Repayment period 75 months

Total period of the Loan 84 months

AINE INFRA PVT LTD Annexure - 3
FIXED ASSET & DEPRECIATION SCHEDULE Rs. Lakhs

PARTICULARS DEPN AS AT ADD Depn WDV Depn WDV Depn WDV Depn WDV Depn WDV
RATE 31.03.22 2022-23 2023-24 2024-25 2025-26 2026-27
Land 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
Lease hold Devpt 10.00% 0.00 195.00 9.75 185.25 18.53 166.73 16.67 150.05 15.01 135.05 13.50 121.54
Plant & Machinery 15.00% 0.00 3250.00 243.75 3006.25 450.94 2555.31 383.30 2172.02 325.80 1846.21 276.93 1569.28
Tools & Equipments 15.00% 0.00 300.00 22.50 277.50 41.63 235.88 35.38 200.49 30.07 170.42 25.56 144.86
Vehicles 15.00% 0.00 50.00 3.75 46.25 6.94 39.31 5.90 33.42 5.01 28.40 4.26 24.14
Electrical Installations 10.00% 0.00 50.00 2.50 47.50 4.75 42.75 4.28 38.48 3.85 34.63 3.46 31.16
Office Equipments 15.00% 0.00 20.00 1.50 18.50 2.78 15.73 2.36 13.37 2.00 11.36 1.70 9.66
Computers 40.00% 0.00 5.00 1.00 4.00 1.60 2.40 0.96 1.44 0.58 0.86 0.35 0.52
Furnitue and Fixtures 10.00% 0.00 225.00 11.25 213.75 21.38 192.38 19.24 173.14 17.31 155.82 15.58 140.24
TOTAL 0.00 4095.00 296.00 3799.00 548.53 3250.48 468.08 2782.40 399.64 2382.76 341.36 2041.40

PARTICULARS DEPN Depn WDV Depn WDV Depn WDV

RATE 2027-28 2028-29 2029-30
Land 0.00% 0.00 0.00 0.00 0.00 0.00 0.00
Building 10.00% 12.15 109.39 10.94 98.45 9.84 88.60
Plant & Machinery 15.00% 235.39 1333.89 200.08 1133.81 170.07 963.73
Tools & Equipments 15.00% 21.73 123.13 18.47 104.66 15.70 88.96
Vehicles 15.00% 3.62 20.52 3.08 17.44 2.62 14.83
Electrical Installations 15.00% 3.12 28.05 4.21 23.84 3.58 20.26
Office Equipments 10.00% 1.45 8.21 0.82 7.39 0.74 6.65
Computers 40.00% 0.21 0.31 0.12 0.19 0.07 0.11
Furnitue and Fixtures 10.00% 14.02 126.22 12.62 113.60 11.36 102.24
TOTAL 291.69 1749.71 250.34 1499.37 213.98 1285.39

SUMMARY
YEAR 2023 2024 2025 2026 2027 2028 2029 2030
DEPN 296.00 548.53 468.08 399.64 341.36 291.69 250.34 213.98
Cum Depn 296.00 844.53 1312.60 1712.24 2053.60 2345.29 2595.63 2809.61
Gross Block 4095.00 4095.00 4095.00 4095.00 4095.00 4095.00 4095.00 4095.00
WDV 3799.00 3250.48 2782.40 2382.76 2041.40 1749.71 1499.37 1285.39
AINE INFRA PVT LTD Annexure -4

TL REPAYMENT SCHEDULE AND INTEREST CALCULATION

TL 3000.00 Rs. Lakhs

ROI 9.50%
INST 75.00
INST AMT 40.00
Year ending 31.03 2023 2024 2025 2026 2027 2028 2029
Instalment 40.00 40.00 40.00 40.00 40.00 40.00 40.00
31-03 0.00 2880.00 2400.00 1920.00 1440.00 960.00 480.00
Apr 500.00 1.98 2840.00 22.48 2360.00 18.68 1880.00 14.88 1400.00 11.08 920.00 7.28 440.00 3.48
May 1000.00 5.94 2800.00 22.17 2320.00 18.37 1840.00 14.57 1360.00 10.77 880.00 6.97 400.00 3.17
Jun 1500.00 9.90 2760.00 21.85 2280.00 18.05 1800.00 14.25 1320.00 10.45 840.00 6.65 360.00 2.85
Jul 2000.00 13.85 2720.00 21.53 2240.00 17.73 1760.00 13.93 1280.00 10.13 800.00 6.33 320.00 2.53
Aug 2500.00 17.81 2680.00 21.22 2200.00 17.42 1720.00 13.62 1240.00 9.82 760.00 6.02 280.00 2.22
Sep 3000.00 21.77 2640.00 20.90 2160.00 17.10 1680.00 13.30 1200.00 9.50 720.00 5.70 240.00 1.90
Oct 3000.00 23.75 2600.00 20.58 2120.00 16.78 1640.00 12.98 1160.00 9.18 680.00 5.38 200.00 1.58
Nov 3000.00 23.75 2560.00 20.27 2080.00 16.47 1600.00 12.67 1120.00 8.87 640.00 5.07 160.00 1.27
Dec 3000.00 23.75 2520.00 19.95 2040.00 16.15 1560.00 12.35 1080.00 8.55 600.00 4.75 120.00 0.95
Jan 2960.00 23.59 2480.00 19.63 2000.00 15.83 1520.00 12.03 1040.00 8.23 560.00 4.43 80.00 0.63
Feb 2920.00 23.28 2440.00 19.32 1960.00 15.52 1480.00 11.72 1000.00 7.92 520.00 4.12 40.00 0.32
Mar 2880.00 22.96 2400.00 19.00 1920.00 15.20 1440.00 11.40 960.00 7.60 480.00 3.80 0.00 0.00
Repayments 120.00 480.00 480.00 480.00 480.00 480.00 480.00
Total Int 141.08 248.90 203.30 157.70 112.10 66.50 20.90
Summary
Years 2023 2024 2025 2026 2027 2028 2029
TL - Balance 2880.00 2400.00 1920.00 1440.00 960.00 480.00 0.00
TL Interest 141.08 248.90 203.30 157.70 112.10 66.50 20.90 112.73
TL Repayments 120.00 480.00 480.00 480.00 480.00 480.00 480.00
AINE INFRA PVT LTD Annexure -5
POWER, FUEL AND MANPOWER COSTS

POWER

Connected Load
Power load in HP 400.00
Power in kva - 1 HP = 0.75 KW 300.00 Rs. Lakhs

Year ending 31st March -> 2023 2024 2025 2026 2027 2028 2029
Load Factor 50% 55% 60% 62% 64% 66% 66%
No.of units per hour 150 165 180 186 192 198 198
Average power tariff (Rs.) 5.00 5.25 5.50 5.75 6.00 6.25 6.50
Avg Hours wkg 10.00 12.00 12.00 12.00 12.00 12.00 12.00
No. of units consumption per day 1500 1980 2160 2232 2304 2376 2376
Power Charges Per Day (Rs.000's) 7.50 10.40 11.88 12.83 13.82 14.85 15.44
No.of Working days 25.00 25.00 25.00 25.00 25.00 25.00 25.00
Electricity chgs / month (Rs. Lakhs) 1.88 2.60 2.97 3.21 3.46 3.71 3.86
Electricity chgs / year(Rs. Lakhs) 11.25 31.19 35.64 38.50 41.47 44.55 46.33

FUEL
Year ending 31st March -> 2023 2024 2025 2026 2027 2028 2029
Diesel for Generator 3.38 4.68 5.35 5.78 6.22 6.68 6.95
TOTAL 3.38 4.68 5.35 5.78 6.22 6.68 6.95

MANPOWER Rs. 000's

Particulars NO. Sal/ Emp. Sal/ Mth

Managerial 10 75 750
Technical 25 60 1500
Skilled 35 40 1400
Semi-Skilled 35 30 1050
Unskilled - Helpers 35 20 700
Office Staff 10 25 250
Drivers 5 20 100
Security staff 7 18 126
Total 162 5876
Yearly Salary 70512
AINE INFRA PVT LTD Annexure -6
SALES AND EXPENSES PROJECTION Rs. Lakhs

Year ending 31st March 2023 2024 2025 2026 2027 2028 2029
Installed Capacity (Sq. Mtrs per hour) 1000 1000 1000 1000 1000 1000 1000

No of hours Working (2 Shifts) 16 16 16 16 16 16 16

No. of Working Days 150 300 300 300 300 300 300

Annual Capacity (Sq. Mts ) 2400000 4800000 4800000 4800000 4800000 4800000 4800000

Capacity Utilisation 50.00% 60.00% 65.00% 70.00% 75.00% 80.00% 84.00%

Production (MTs) 1200000 2880000 3120000 3360000 3600000 3840000 4032000

Sales Qty (Sq.Mtrs) 1000000 2640000 2860000 3080000 3300000 3520000 3696000

Avg. Sale Value/ Sq. Mtr 750.000 768.750 807.188 847.547 889.924 934.420 981.141

Sales 7500.00 20295.00 23085.56 26104.44 29367.50 32891.60 36262.99

Sales of other products /services 2500.00 4059.00 4617.11 5220.89 5873.50 6578.32 7252.60
Total Income 10000.00 24354.00 27702.68 31325.33 35241.00 39469.92 43515.59
Growth over previous year 22% 14% 13% 13% 12% 10%

Expenses
Raw Materials Consumption 9083.33 19483.20 22162.14 25060.27 28192.80 31575.94 34812.47
Consumables 180.00 438.37 498.65 563.86 634.34 710.46 783.28
Factory Rent 15.00 30.00 31.50 33.08 34.73 36.47 38.29

Power & Fuel charges 11.25 31.19 35.64 38.50 41.47 44.55 46.33

Fuel Expenses 3.38 4.68 5.35 5.78 6.22 6.68 6.95

Salaries & Wages 352.56 705.12 740.38 777.39 816.26 857.08 899.93

Repair and Maintenance 50.00 121.77 138.51 156.63 176.20 197.35 217.58

Other Mfg. Expenses (Freight etc) 250.00 608.85 692.57 783.13 881.02 986.75 1087.89
Depreciation 296.00 548.53 468.08 399.64 341.36 291.69 250.34
Sub Total 10241.52 21971.70 24772.81 27818.27 31124.41 34706.96 38143.06
Add: Opening Stock of SFG & FG 0.00 1250.00 1675.00 1900.00 2150.00 2400.00 2700.00
Less: Closing Stock of FG & SFG 1250.00 1675.00 1900.00 2150.00 2400.00 2700.00 2975.00
Cost of Production 8991.52 21546.70 24547.81 27568.27 30874.41 34406.96 37868.06
Cost of Production as % of sales 90% 88% 89% 88% 88% 87% 87%
Cost of Sales 8991.52 21546.70 24547.81 27568.27 30874.41 34406.96 37868.06
Cost of Sales as % of Sales 90% 88% 89% 88% 88% 87% 87%
Selling, Distrbn and Admin Exps 125.00 304.43 346.28 391.57 440.51 493.37 543.94
Director's Remuneration 36.00 72.00 87.00 102.00 117.00 132.00 147.00
Interest on Term Loan 141.08 248.90 203.30 157.70 112.10 66.50 20.90
Interest on Working Capital 213.75 427.50 427.50 427.50 427.50 427.50 427.50
Bank Charges 110.00 60.00 65.00 70.00 75.00 80.00 85.00
Total Financial Charges 464.83 736.40 695.80 655.20 614.60 574.00 533.40
Total expenses 9617.34 22659.52 25676.89 28717.03 32046.52 35606.33 39092.41
Profit Before Tax 382.66 1694.48 2025.78 2608.30 3194.48 3863.59 4423.18
Provision for tax 114.80 508.34 607.73 782.49 958.34 1159.08 1326.95
Net Profit 267.86 1186.13 1418.05 1825.81 2236.13 2704.51 3096.22
AINE INFRA PVT LTD Annexure - 7
PROJECTED PROFIT AND LOSS ACCOUNT Rs. Lakhs

No Year ending 31st March 2023 2024 2025 2026 2027 2028 2029
PROJECTION
A SALES
1 Revenue from operations 10000.00 24354.00 27702.68 31325.33 35241.00 39469.92 43515.59

TOTAL 10000.00 24354.00 27702.68 31325.33 35241.00 39469.92 43515.59

% increase 22% 14% 13% 13% 12% 10%
B COST OF PRODUCTION
Raw Materials Consumption 9083.33 19483.20 22162.14 25060.27 28192.80 31575.94 34812.47
Consumables 180.00 438.37 498.65 563.86 634.34 710.46 783.28
Factory Rent 15.00 30.00 31.50 33.08 34.73 36.47 38.29
Power charges 11.25 31.19 35.64 38.50 41.47 44.55 46.33
Fuel Expenses 3.38 4.68 5.35 5.78 6.22 6.68 6.95
Salaries & Wages 352.56 705.12 740.38 777.39 816.26 857.08 899.93
Repair and Maintenance 50.00 121.77 138.51 156.63 176.20 197.35 217.58
Other Mfg. Expenses 250.00 608.85 692.57 783.13 881.02 986.75 1087.89
Depreciation 296.00 548.53 468.08 399.64 341.36 291.69 250.34
Sub Total 10241.52 21971.70 24772.81 27818.27 31124.41 34706.96 38143.06
Add: Opening Stock of SFG & FG 0.00 1250.00 1675.00 1900.00 2150.00 2400.00 2700.00
Less: Closing Stock of FG & SFG 1250.00 1675.00 1900.00 2150.00 2400.00 2700.00 2975.00
B COST OF PRODUCTION 8991.52 21546.70 24547.81 27568.27 30874.41 34406.96 37868.06
COP as % age of Sales 90% 88% 89% 88% 88% 87% 87%
C COST OF SALES 8991.52 21546.70 24547.81 27568.27 30874.41 34406.96 37868.06
COS as % age of Sales 90% 88% 89% 88% 88% 87% 87%
D Selling and Genl. expenses 125.00 304.43 346.28 391.57 440.51 493.37 543.94
Director's Remuneration 36.00 72.00 87.00 102.00 117.00 132.00 147.00
Sub Total 9152.52 21923.12 24981.09 28061.83 31431.92 35032.33 38559.01
E Op.Profit before Int 847.48 2430.88 2721.58 3263.50 3809.08 4437.59 4956.58
Interest on term loans 141.08 248.90 203.30 157.70 112.10 66.50 20.90
Interest on Working Capital CC 213.75 427.50 427.50 427.50 427.50 427.50 427.50
Bank Charges 110.00 60.00 65.00 70.00 75.00 80.00 85.00
F Sub total-Financial Charges 464.83 736.40 695.80 655.20 614.60 574.00 533.40
G Operating Profit after Interest 382.66 1694.48 2025.78 2608.30 3194.48 3863.59 4423.18
H Net non operating income 0.00 0.00 0.00 0.00 0.00 0.00 0.00
I Profit before Taxation 382.66 1694.48 2025.78 2608.30 3194.48 3863.59 4423.18
J Provison for Taxes 114.80 508.34 607.73 782.49 958.34 1159.08 1326.95
K NET PROFIT (K-L) 267.86 1186.13 1418.05 1825.81 2236.13 2704.51 3096.22
AINE INFRA PVT LTD Annexure -8
PROJECTED BALANCE SHEET Rs. in lacs

Year ending 31st March 2023 2024 2025 2026 2027 2028 2029

PROJECTIONS

Capital

Opening Balance 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00

Additions 1000.00

Closing Balance 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00

Reserves

Opening Balance 267.86 1403.99 2422.04 3707.85 5283.99 7188.49

Net Profit 267.86 1186.13 1418.05 1825.81 2236.13 2704.51 3096.22

Dividends 50.00 400.00 540.00 660.00 800.00 1000.00

Closing Balance 267.86 1403.99 2422.04 3707.85 5283.99 7188.49 9284.72

LIABILITIES

Sundry Creditors 756.94 800.68 910.77 1029.87 1158.61 1297.64 1430.65

Other current liab 186.65 588.07 695.79 879.41 1064.79 1275.76 1453.54

Bank Borrowings -CC 4500.00 4500.00 4500.00 4500.00 4500.00 4500.00 4500.00

Term loan 2880.00 2400.00 1920.00 1440.00 960.00 480.00

USL (Related parties) 1500.00 1500.00 1500.00 1500.00 1500.00 1500.00 1500.00

Reserves & Surplus 267.86 1403.99 2422.04 3707.85 5283.99 7188.49 9284.72

Capital 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00

TOTAL LIABILITIES 11091.45 12192.74 12948.60 14057.13 15467.39 17241.90 19168.91

ASSETS 2023 2024 2025 2026 2027 2028 2029

Cash & bank balances 2.58 43.87 38.97 27.55 25.54 36.42 27.10

Other current assets /Advs 2.00 254.17 303.87 391.25 479.17 579.54 663.48

Investments & FDs 150.00 450.00 900.00 1575.00

Inventory

Raw materials 2674.54 2935.82 3339.50 3776.20 4248.23 4758.02 5245.71

WIP+Finished goods 1250.00 1675.00 1900.00 2150.00 2400.00 2700.00 2975.00

Sundry Debtors 3333.33 4003.40 4553.86 5149.37 5793.04 6488.21 7153.25

Total Current Assets 7262.45 8912.26 10136.20 11644.37 13395.98 15462.18 17639.54

GROSS BLOCK 4095.00 4095.00 4095.00 4095.00 4095.00 4095.00 4095.00

Depreciation 296.00 844.53 1312.60 1712.24 2053.60 2345.29 2595.63

NET BLOCK 3799.00 3250.48 2782.40 2382.76 2041.40 1749.71 1499.37

Misc Deposits 30.00 30.00 30.00 30.00 30.00 30.00 30.00

TOTAL ASSETS 11091.45 12192.74 12948.60 14057.13 15467.39 17241.90 19168.91

AINE INFRA PVT LTD Annexure -9
KEY FINANCIAL INDICATORS

No PARTICULARS 2023 2024 2025 2026 2027 2028 2029

PROJECTIONS

10000.00 24354.00 27702.68 31325.33 35241.00 39469.92 43515.59

1 Net Sales
2767.86 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00
2 Tangible Net Worth*
8323.59 11192.74 11948.60 13057.13 14467.39 16241.90 18168.91
3 Total Outside Liabilities
3.01 11.19 11.95 13.06 14.47 16.24 18.17
4 TOL/TNW Ratio
7262.45 8912.26 10136.20 11644.37 13395.98 15462.18 17639.54
5 Current Assets
5443.59 5888.75 6106.56 6409.28 6723.40 7073.40 7384.19
6 Current Liabilities
1818.86 3023.52 4029.64 5235.09 6672.58 8388.78 10255.35
7 Net Working Capital
1.33 1.51 1.66 1.82 1.99 2.19 2.39
8 Current Ratio
2.88 2.40 1.92 1.44 0.96 0.48
9 Debt Equity Ratio
296.00 548.53 468.08 399.64 341.36 291.69 250.34
10 Depreciation
1143.48 2979.40 3189.66 3663.14 4150.43 4729.28 5206.92
11 PBIDT
267.86 1,186.13 1,418.05 1,825.81 2,236.13 2,704.51 3,096.22
12 Net Profit
11% 12% 12% 12% 12% 12% 12%
13 PBIDT to sales (%)
3% 5% 5% 6% 6% 7% 7%
14 Net profit to sales (%)
 Annexure -10
AINE INFRA PVT LTD
DSCR CALCULATION Rs. lacs

Particulars 2023 2024 2025 2026 2027 2028 2029

Net Profit 267.86 1186.13 1418.05 1825.81 2236.13 2704.51 3096.22
Depreciation + 296.00 548.53 468.08 399.64 341.36 291.69 250.34
Cash Accruals 563.86 1734.66 1886.13 2225.45 2577.49 2996.20 3346.57
Interest 141.08 248.90 203.30 157.70 112.10 66.50 20.90
Total 704.93 1983.56 2089.43 2383.15 2689.59 3062.70 3367.47
Repayment obligations
Installment -Term Loan 120.00 480.00 480.00 480.00 480.00 480.00 480.00
Interest 141.08 248.90 203.30 157.70 112.10 66.50 20.90
Total 261.08 728.90 683.30 637.70 592.10 546.50 500.90
Gross DSCR 2.70 2.72 3.06 3.74 4.54 5.60 6.72
Average Gross DSCR 4.12

Net DSCR 4.70 3.61 3.93 4.64 5.37 6.24 6.97

Average Net DSCR 5.11
 Annexure -11
AINE INFRA PVT LTD
CASH FLOW STATEMENT Rs. lakhs

SOURCES OF FUNDS

YEARS P R O J EC T I O N S
2023 2024 2025 2026 2027 2028 2029
Net Profit 267.86 1186.13 1418.05 1825.81 2236.13 2704.51 3096.22
Depreciation 296.00 548.53 468.08 399.64 341.36 291.69 250.34
Increase in Capital 1000.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase in Working Capital 4500.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase in term loan 3000.00 0.00 0.00 0.00 0.00 0.00 0.00
Decrease in Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase in Sundry Creditors 756.94 43.74 110.09 119.10 128.73 139.03 133.01
Increase in other current liab 186.65 401.42 107.72 183.62 185.38 210.97 177.78
Increase in Unsecured Loan 1500.00 0.00 0.00 0.00 0.00 0.00 0.00
Dec. in Non Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Sources of Funds 11507.45 2179.81 2103.94 2528.17 2891.61 3346.20 3657.36

DISPOSITION OF FUNDS 2018 2024 2025 2026 2027 2028 2029

Increase in Capital exp 4095.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase in debtors 3333.33 670.06 550.47 595.51 643.67 695.16 665.04
Decrease in Working Capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Decrease in Unseured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase in inventories 3924.54 686.29 628.68 686.70 722.03 809.79 762.70
Increase in investments 0.00 0.00 0.00 150.00 300.00 450.00 675.00
Incr.in other current assets 2.00 252.17 49.70 87.38 87.93 100.37 83.94
Repayment of term loans 120.00 480.00 480.00 480.00 480.00 480.00 480.00
Dividends 0.00 50.00 400.00 540.00 660.00 800.00 1000.00
Incr in Non current assets 30.00 0.00 0.00 0.00 0.00 0.00 0.00
DISPOSITION OF FUNDS 11504.87 2138.52 2108.84 2539.59 2893.62 3335.32 3666.68
Opening Balance 0.00 2.58 43.87 38.97 27.55 25.54 36.42
Surplus/Deficit 2.58 41.29 -4.90 -11.42 -2.02 10.89 -9.32
Closing Balance 2.58 43.87 38.97 27.55 25.54 36.42 27.10
Cash Balance as per B/S 2.58 43.87 38.97 27.55 25.54 36.42 27.10
AINE INFRA PVT LTD Annexure -12

BREAKEVEN ANALYSIS Rs. lacs

No PARTICULARS 2023 2024 2025 2026 2027 2028 2029

A. SALES 10000.00 24354.00 27702.68 31325.33 35241.00 39469.92 43515.59

B VARIABLE EXPENSES
Raw Materials Consumption 9083.33 19483.20 22162.14 25060.27 28192.80 31575.94 34812.47
Consumables 180.00 438.37 498.65 563.86 634.34 710.46 783.28
Factory Rent 15.00 30.00 31.50 33.08 34.73 36.47 38.29
Power charges 11.25 31.19 35.64 38.50 41.47 44.55 46.33
Fuel Expenses 3.38 4.68 5.35 5.78 6.22 6.68 6.95
Salaries & Wages 388.56 777.12 827.38 879.39 933.26 989.08 1046.93
Repair and Maintenance 50.00 121.77 138.51 156.63 176.20 197.35 217.58
Other Mfg. Expenses 250.00 608.85 692.57 783.13 881.02 986.75 1087.89
Interest on Working Capital 323.75 487.50 492.50 497.50 502.50 507.50 512.50
Changes in inventory -1250.00 -425.00 -225.00 -250.00 -250.00 -300.00 -275.00
SUB TOTAL B 9055.27 21557.67 24659.23 27768.13 31152.55 34754.77 38277.22

C CONTRIBUTION (A-B) 944.73 2796.33 3043.44 3557.20 4088.45 4715.15 5238.37

D. FIXED EXPENSES
1 Depreciation 296.00 548.53 468.08 399.64 341.36 291.69 250.34
2 Selling & Genl expenses 125.00 304.43 346.28 391.57 440.51 493.37 543.94
3 Interest on Term loans 141.08 248.90 203.30 157.70 112.10 66.50 20.90
SUB TOTAL D 562.08 1101.85 1017.66 948.90 893.97 851.57 815.19

E OPERATING PROFIT(C-D) 382.66 1694.48 2025.78 2608.30 3194.48 3863.59 4423.18

F. BREAK EVEN SALES
(D X A)\C 5949.57 9596.33 9263.18 8356.20 7705.69 7128.35 6771.85
G. Break - Even % of Sales 59% 39% 33% 27% 22% 18% 16%
 Annexure -13
CREDIT MONITORING DATA BASE

NAME OF THE COMPANY : AINE INFRA PVT LTD

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
FORM II OPERATING STATEMENT
(Rs. in lacs)
Following Following Following Following
year year year year
Projections Projections Projections Projections

PARTICULARS 31.03.2023 31.03.2024 31.03.2025 31.03.2026

1 a Manufacturing sales 10000.00 24354.00 27702.68 31325.33

b Labour charges 0.00 0.00 0.00 0.00
C Other income 0.00 0.00 0.00 0.00

Total 10000.00 24354.00 27702.68 31325.33

Less Excise duty paid 0.00 0.00 0.00 0.00
2 Total 10000.00 24354.00 27702.68 31325.33
% age rise or fall in net sales as
compared to previous year 22% 14% 13%
3 COST OF SALES
I Raw materials (including stores
& other items used in the process
of manufacture)
a. Imported 0.00 0.00 0.00 0.00
b. Indigenous 9083.33 19483.20 22162.14 25060.27
Sub - total 9083.33 19483.20 22162.14 25060.27
II Consumable stores & spares
a. Imported 0.00 0.00 0.00 0.00
b. indegenous 180.00 438.37 498.65 563.86
Sub - total 180.00 438.37 498.65 563.86
iii Power & Fuel 14.63 35.86 40.99 44.28
iv Salaries & Wages 352.56 705.12 740.38 777.39
v Repair and Maintenance 50.00 121.77 138.51 156.63
vi Other manufacturing expenses 250.00 608.85 692.57 783.13
vii Factory Rent 15.00 30.00 31.50 33.08
Sub - total 682.19 1501.60 1643.94 1794.51
ix Depreciation 296.00 548.53 468.08 399.64

Sub - total 10241.52 21971.70 24772.81 27818.27

4 i Add Opening Stocks of SFG 0.00 1250.00 1675.00 1900.00
ii Ded Closing Stocks of SFG 1250.00 1675.00 1900.00 2150.00
COST OF PRODUCTION 8991.52 21546.70 24547.81 27568.27
iii Add Opening Stocks of FG 0.00 0.00 0.00 0.00
iv Ded Closing Stocks of FG 0.00 0.00 0.00 0.00
COST OF SALES 8991.52 21546.70 24547.81 27568.27
Cost of Sales - % age of Sales 89.92% 88.47% 88.61% 88.01%
 NAME OF THE COMPANY : AINE INFRA PVT LTD
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
FORM II OPERATING STATEMENT
(Rs. in lacs)
Following Following Following Following
year year year year
Projections Projections Projections Projections

PARTICULARS 31.03.2023 31.03.2024 31.03.2025 31.03.2026

5 Selling, Gen & Admin Expenses 161.00 376.43 433.28 493.57

6 SUB TOTAL (4+5+6) 9152.52 21923.12 24981.09 28061.83

7 Op. Profit before interest 847.48 2430.88 2721.58 3263.50

8 Interest 464.83 736.40 695.80 655.20

9 Op. Profit after interest 382.66 1694.48 2025.78 2608.30

% age of Net Sales 3.83% 6.96% 7.31% 8.33%

10 I Add other non op. income

a Profit on Sale of Fixed Assets 0.00 0.00 0.00 0.00
b Interest / Discout received 0.00 0.00 0.00 0.00
Sub total (income) 0.00 0.00 0.00 0.00
II Ded. other non op. expenses
a Interest paid 0.00 0.00 0.00 0.00
b Others
Sub total (expenses) 0.00 0.00 0.00 0.00
Net of other non operating
11 iii income / expenses - - - -

12 PROFIT BEFORE TAX 382.66 1694.48 2025.78 2608.30

14 Provision for Taxation 114.80 508.34 607.73 782.49

15 NET PROFIT/LOSS 267.86 1186.13 1418.05 1825.81

16 Less Dividends 0.00 50.00 400.00 540.00
17 Retained Profit 267.86 1136.13 1018.05 1285.81
18 Retained profit / Net Profit ( % age) 100% 96% 72% 70%
(Capital+ Reserves)
Opening Balance 1000.00 1267.86 2403.99 3422.04
Additions 0.00 0.00 0.00 0.00
Add net profit for the year 267.86 1186.13 1418.05 1825.81
Ded: Dividends 0.00 50.00 400.00 540.00
Closing Balance 1267.86 2403.99 3422.04 4707.85

PBT / NET Sales % 3.83% 6.96% 7.31% 8.33%

18 Net Profit / Net Sales % 2.68% 4.87% 5.12% 5.83%

 NAME OF THE COMPANY : AINE INFRA PVT LTD

ANALYSIS OF BALANCE SHEET

(Rs. in lacs)
Following Following Following Following
year year year year
Projections Projections Projections Projections

PARTICULARS 31.03.2023 31.03.2024 31.03.2025 31.03.2026

LIABILITIES
CURRENT LIABILITIES
1 Short term borrowings from banks
(incl BP/BD and the excess
borrowings placed on repayment
but exclude bills drawn under LCs)
i From applicant bank 4500.00 4500.00 4500.00 4500.00
ii (of which BP/BD ) 0.00 0.00 0.00 0.00

Sub Total (A) 4500.00 4500.00 4500.00 4500.00

2 Short term borrowings from others 0.00 0.00 0.00 0.00

3 Sundry creditors (Goods & Services) 756.94 800.68 910.77 1029.87
4 Advances payments from
customers, / deposits from dealers 0.00 0.00 0.00 0.00
5 Provision for taxes 114.80 508.34 607.73 782.49
6 Dividend payable 0.00 0.00 0.00 0.00
7 Other statutory liabilities 0.00 0.00 0.00 0.00
8 Deposits / Instalments of
term loans/DPGs/debentures etc
(due within one year) 0.00 0.00 0.00 0.00
9 Other current liabilities
& provisions(due within one year)
specify major items
i Outstanding Liabilities 71.85 79.72 88.05 96.92
ii Duties & Taxes

Sub Total (B) 943.59 1388.75 1606.56 1909.28

10 TOTAL CURRENT LIABILITIES 5443.59 5888.75 6106.56 6,409.28

 FORM III

NAME OF THE COMPANY : AINE INFRA PVT LTD

ANALYSIS OF BALANCE SHEET

(Rs. in lacs)
Following Following Following Following
year year year year
Projections Projections Projections Projections

PARTICULARS 31.03.2023 31.03.2024 31.03.2025 31.03.2026

TERM LIABILITIES
11 Unsecured Loans 1500.00 1500.00 1500.00 1500.00
12 Preference shares (redeemable
after one year) 0.00 0.00 0.00 0.00
13 Term Loans ( Exclusive of instalments
payable within one year) 2880.00 2400.00 1920.00 1440.00
15 Term deposits (repayable after 1 year) 0.00 0.00 0.00 0.00
16 Other term liabilities 0.00 0.00 0.00 0.00
Personal/unsecured loans 0.00 0.00 0.00 0.00

16 TOTAL TERM LIABILITIES 4380.00 3900.00 3420.00 2940.00

17 TOTAL OUTSIDE LIABILITIES 9823.59 9788.75 9526.56 9349.28

NET WORTH
18 a Opening Balance 1000.00 1267.86 2403.98 3422.03
b Additions 0.00 0.00 0.00 0.00
19 c Net Profit for the year 267.86 1186.13 1418.05 1825.81
20 d Drawings 0.00 50.00 400.00 540.00
21 NET WORTH 1267.86 2403.99 3422.03 4707.84

22 TOTAL LIABILITIES 11091.45 12192.74 12948.59 14057.12

 NAME OF THE COMPANY : AINE INFRA PVT LTD

ANALYSIS OF BALANCE SHEET

(Rs. in lacs)
Following Following Following Following
year year year year
Projections Projections Projections Projections

PARTICULARS 31.03.2023 31.03.2024 31.03.2025 31.03.2026

ASSETS
CURRENT ASSETS
23 Cash & bank balances 2.58 43.87 38.97 27.55
24 Investments other than
long term investments 0.00 0.00 0.00 150.00
I Government & other
trustee securities/CP,CD,MF 0.00 0.00 0.00 0.00
ii Fixed deposits with bks 0.00 0.00 0.00 0.00
25 I Recievables other than deferred
export recievables ( incl BP/BD
excluding BP/BD by Banks
drawn under LCs) 3333.33 4003.40 4553.86 5149.37
ii Export recievables (Excluding
bills purchased and discounted
by banks drawn under LCs 0.00 0.00 0.00 0.00
26 Instalments of deferred
recievables (due within one year) 0.00 0.00 0.00 0.00
27 INVENTORY
I Raw material (including stores &
other items used in the process of
manufacture
a Imported
b Indigenous 2674.54 2935.82 3339.50 3776.20
ii Semi Finished Goods 0.00 0.00 0.00 0.00
iii Finished Goods 1250.00 1675.00 1900.00 2150.00
iv Consumable Stores and Spares 0.00 0.00 0.00 0.00
a Imported 0.00 0.00 0.00 0.00
b Indigenous 0.00 0.00 0.00 0.00
28 Advances to suppliers of
raw materials 0.00 0.00 0.00 0.00
29 Advance payment of taxes 0.00 0.00 0.00 0.00
30 Other current assets
(Specify major ones)
a TDS
b Advance Tax 0.00 127.09 151.93 195.62
c Cenvat 0.00 0.00 0.00 0.00
d LC/ BG Margin 0.00 0.00 0.00 0.00
e Others 2.00 127.09 151.93 195.62
33 TOTAL CURRENT ASSETS 7262.45 8912.26 10136.20 11644.37
 NAME OF THE COMPANY : AINE INFRA PVT LTD

ANALYSIS OF BALANCE SHEET

(Rs. in lacs)
Following Following Following Following
year year year year
Projections Projections Projections Projections

PARTICULARS 31.03.2023 31.03.2024 31.03.2025 31.03.2026

FIXED ASSETS
34 GROSS BLOCK 4095.00 4095.00 4095.00 4095.00
35 Less Depreciation 296.00 844.53 1312.60 1712.24
36 NET BLOCK 3799.00 3250.48 2782.40 2382.76

OTHER NON CURRENT ASSETS

37 a Investments/book debts/
advances/deposits, which
are not current assets
b Investments in subsidiary
companies / affiliates 0.00 0.00 0.00 0.00
c Other non current assets
i Receivables more than 6 months 0.00 0.00 0.00 0.00
ii Misc.Deposits 30.00 30.00 30.00 30.00
ii BESCOM Deposit 0.00 0.00 0.00 0.00
iii Telephone Deposit 0.00 0.00 0.00 0.00
iv KIADB Advance 0.00 0.00 0.00 0.00
38 Non consumable stores 0.00 0.00 0.00 0.00
39 Other non-current assets 0.00 0.00 0.00 0.00

40 TOTAL NON CURR.ASSETS 30.00 30.00 30.00 30.00

41 Intangible assets 0.00 0.00 0.00 0.00

42 TOTAL ASSETS 11091.45 12192.74 12948.60 14057.13

43 TANGIBLE NET WORTH 1267.86 2403.99 3422.03 4707.84

45 NET WORKING CAPITAL 1,818.86 3,023.52 4,029.63 5,235.08
46 CURRENT RATIO 1.33 1.51 1.66 1.82
47 TOL / TNW RATIO 7.75 4.07 2.78 1.99

ADDITIONAL INFORMATION
I ICDs placed 0.00 0.00 0.00 0.00
ii ICDs taken 0.00 0.00 0.00 0.00
iii Bills under LC 0.00 0.00 0.00 0.00
iv Inv. in CP /CD / MF 0.00 0.00 0.00 0.00
v Disputed indirect tax 0.00 0.00 0.00 0.00
vi Others 0.00 0.00 0.00 0.00
Diff.in balance sheet * 0.00 0.00 0.00 0.00
 FORM IV

NAME OF THE COMPANY : AINE INFRA PVT LTD

COMPARITIVE POSITION OF CURRENT ASSETS AND CURRENT LIABILIITIES

As Per Balance Sheet as at

Following Following Following Following

year year year year
Projections Projections Projections Projections

31.03.2023 31.03.2024 31.03.2025 31.03.2026

A. CURRENT ASSETS 1 2 3 4

1 Raw Materials (including stores &

other items used in the procees of manf.)
a Imported 0.00 0.00 0.00 0.00
months of consumption : 0.00 0.00 0.00 0.00
b Indigenous 2674.54 2935.82 3339.50 3776.20
months of consumption : (1.77) (1.81) (1.81) (1.81)
2 Other Consumable spares
(excluding those included in
(I) above)
a Imported 0.00 0.00 0.00 0.00
months of consumption : 0.00 0.00 0.00 0.00
b Indigenous 0.00 0.00 0.00 0.00
months of consumption : (0.00) (0.00) (0.00) (0.00)
3 Semi Finished Goods 0.00 0.00 0.00 0.00
months cost of production. (0.00) (0.00) (0.00) (0.00)
4 Finished Goods : 1250.00 1675.00 1900.00 2150.00
months cost of sales: (0.83) (0.93) (0.93) (0.94)
5 Receivables other than
deferred and export receivables
(including non-LC/bills purchased
and discounted by banks) 3333.33 4003.40 4553.86 5149.37
months domestic sales (3.00) (1.97) (1.97) (1.97)
excluding deferred payment sales
6 Export receivables
(incl.non LC bills purchased
and discounted by banks) 0.00 0.00 0.00 0.00
months export sales: (0.00) (0.00) (0.00) (0.00)
7 Advance to suppliers 0.00 0.00 0.00 0.00
8 Other current assets
incl. cash & bank balances
& deferred recievables
due with in one year 4.58 298.04 342.84 568.80

9 TOTAL CURRENT ASSETS 7262.45 8912.26 10136.20 11644.37

As item (34) of Balance sheet 7262.45 8912.26 10136.20 11644.37

 FORM IV

NAME OF THE COMPANY : AINE INFRA PVT LTD

COMPARITIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

As Per Balance Sheet as at

Following Following Following Following

year year year year
Projections Projections Projections Projections

31.03.2023 31.03.2024 31.03.2025 31.03.2026

A. CURRENT LIABILITIES
(other than bank borrowings
for working capital)
PURCHASES 10333.33 19908.20 22790.82 25746.97
10 Creditors for purchase of
raw materials,stores &
consumable spares: 756.94 800.68 910.77 1029.87
Mth's purchases (0.44) (0.48) (0.48) (0.48)

11 Short Term borrowings for Others 0.00 0.00 0.00 0.00

11 Advance from customers 0.00 0.00 0.00 0.00

12 Statutory liabilities 0.00 0.00 0.00 0.00

13 Provision for Taxation 114.80 508.34 607.73 782.49

14 DPG/TL Instalments falling due within 1 year 0.00 0.00 0.00 0.00

15 Other current liabilities

specify major items
ii Outstanding Liabilities 71.85 79.72 88.05 96.92
ii Drawings payable 0.00 0.00 0.00 0.00

Sub Total (B) 71.85 79.72 88.05 96.92

16 Total Other Current liabilities 943.59 1388.75 1606.56 1909.28

As item (10) of Balance sheet 943.59 1388.75 1606.56 1909.28

 WORKING CAPITAL ASSESSMENT CALCULATION UNDER ABS METHOD

NAME OF THE COMPANY : AINE INFRA PVT LTD

Following Following Following

year year year
Projections Projections Projections

31.03.2024 31.03.2025 31.03.2026

1 Total Current Assets (TCA) 8912.26 10136.20 11644.37

2 Oth.Cur.liabilities (OCL) 1388.75 1606.56 1909.28

(Other than Bank Borrowing)

3 Working Capital Gap (WCG) 7,523.52 8529.64 9735.09

4 Net Working Capital (NWC) 3,023.52 4029.63 5235.08

(Actuals/Projected)

5 Assessed Bank Finance (ABF) 4500.00 4500.01 4500.01

6 NWC to TCA (%) 33.93% 39.75% 44.96%

7 Bank Finance to TCA (%) 50.49% 44.40% 38.65%

8 Sundry Creditors to TCA (%) 8.98% 8.99% 8.84%

9 Other CL to TCA (%) 6.60% 6.86% 7.55%

(other than Bk.finance & SCrs)

10 Inventories to Net Sales (days) 69 69 69

11 Receivables to Gross Sales (days) 60 60 60

12 S.Creditors to Purchases (days) 15 15 15

13 Net Profit / Net sales % 4.87% 5.12% 5.83%

 FUNDS FLOW STATEMENT

NAME OF THE COMPANY : AINE INFRA PVT LTD

(AMOUNT - Rs in lacs)
As per balance sheet as at

Following Following Following

year year year
Projections Projections Projections
31.03.2024 31.03.2025 31.03.2026
1 SOURCES OF FUNDS
a Net Profit (after tax) less drawings 1136.13 1018.05 1285.81
b Depreciation 548.53 468.08 399.64
c Increase in Capital 0.00 0.00 0.00
d Increase in Term liabilities
(incl. public deposits) 0.00 0.00 0.00
e Decrease in
I Fixed Assets 0.00 0.00 0.00
ii Other non-current assets 0.00 0.00 0.00
f Others - Preliminery expenses w/o 0.00 0.00 0.00

1 TOTAL SOURCES OF FUNDS 1684.66 1486.13 1685.45

2 USES OF FUNDS
a Net loss 0.00 0.00 0.00
b Decrease in Term liabilities
( including public deposits) 480.00 480.00 480.00
c Increase in
I Fixed Assets 0.00 0.00 0.00
ii Other non-current assets 0.00 0.00 0.00
d I Dividend payable /paid 0.00 0.00 0.00
Others - Preliminery expenses 0.00 0.00 0.00

2 TOTAL USES OF FUNDS 480.00 480.00 480.00

a Long Term Surplus /Deficit 1204.66 1006.13 1205.45

b Increase/(-)decrease in
Current Assets * (as per
details given below) 1649.81 1223.94 1508.17
c Increase/(-)decrease in
Current liabilities other
than bank borrowings 445.16 217.81 302.72
d Increase/(-)decrease in
Working Capital gap 1204.66 1006.13 1205.45

3 Net Surplus /Deficit (0.00) 0.00 (0.00)

4 Increase/(-)decrease in
Bank borrowings 0.00 0.00 0.00

5 Increase/decrease in Net Sales 14354.00 3348.68 3622.66

 NAME OF THE COMPANY : AINE INFRA PVT LTD

(AMOUNT - Rs in lacs)
As per balance sheet as at
Following Following Following
year year year
Projections Projections Projections

31.03.2024 31.03.2025 31.03.2026

I Long Term Sources 1684.66 1486.13 1685.45

ii Long term Uses 480.00 480.00 480.00
Surplus/Deficit 1204.66 1006.13 1205.45
I Short term sources 445.16 217.81 302.72
ii Short term uses 1649.81 1223.94 1508.17
Surplus/Deficit (1204.66) (1006.13) (1205.45)

BREAKUP OF ITEM NO(4) FORM VI - FUND FLOW STATEMENT

NAME OF THE COMPANY : AINE INFRA PVT LTD

(AMOUNT - Rs in lacs)
As per balance sheet as at

Following Following Following

year year year
Projections Projections Projections

31.03.2024 31.03.2025 31.03.2026

I Increase/(-)decrease in
Raw Materials 261.29 403.68 436.70
ii Increase/(-)decrease in
Stocks in process 0.00 0.00 0.00
iii Increase/(-)decrease in
Finished Goods 425.00 650.00 250.00
iv Increase/(-)decrease in
Receivable 670.06 550.47 595.51
v Increase/(-)decrease in
Stores & Spares 0.00 0.00 0.00
vi Increase/(-)decrease in
other current assets 293.46 44.80 225.96

Total increase/Decrease in OCA 1,649.81 1648.94 1508.17

As per item (4) in Funds Flow statement 1,649.81 1223.94 1508.17

 ANALYTICAL RATIOS
NAME OF THE COMPANY : AINE INFRA PVT LTD
Following Following Following Following
year year year year
Projections Projections Projections Projections

No PARTICULARS 31.03.2023 31.03.2024 31.03.2025 31.03.2026

a PBIDT 1143.48 2979.40 3189.66 3663.14

b Net Profit / Sales 2.68% 4.87% 5.12% 5.83%

c Net Profit / Total Funds 2.42% 9.73% 10.95% 12.99%

d Cash Accruals 563.86 1734.66 1886.13 2225.45

e Retained acccruals 563.86 1684.66 1486.13 1685.45

f Retained accruals/Cash accruals 100% 97% 79% 76%

g PBIDT / Net Sales 11.43% 12.23% 11.51% 11.69%

h PBIDT / Interest 2.46 4.05 4.58 5.59

I ROCE % (PBIDT / TTA %) 10.34% 24.50% 24.69% 26.11%

j INV. + REC / NET SALES IN DAYS 265 129 129 129

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS AS PER TURNOVER MEHTOD

Following Following Following Following

year year year year
Projections Projections Projections Projections
31.03.2023 31.03.2024 31.03.2025 31.03.2026
PARTICULARS

I Annual Turnover 20000.00 24354.00 27702.68 31325.33

II 30 % of PAT 6000.00 7306.20 8310.80 9397.60
III LESS 5% of PAT 1000.00 1217.70 1385.13 1566.27
IV Eligble Bank Borrowings 5000.00 6088.50 6925.67 7831.33
V Actual Bank Borrowings /
Bank limit recommended 4500.00 4500.00 4500.00 4500.00

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS AS PER TRADITIONAL MEHTOD

Following Following Following Following

year year year year
Projections Projections Projections Projections

PARTICULARS 31.03.2023 31.03.2024 31.03.2025 31.03.2026

I Total Current Assets 7262.45 8912.26 10136.20 11644.37

II Other Current liabilities 943.59 1388.75 1606.57 1909.29
III Working Capital Gap 6,318.86 7,523.52 8529.63 9735.08
IV 25 % of item I 1,815.61 2,228.07 2,534.05 2,911.09
V Actual / Projected NWC 1,818.86 3,023.52 4029.63 5235.08
VI Item III - Item IV 4,503.25 5,295.45 5995.58 6823.99
VII Item III - Item V 4500.00 4500.00 4500.00 4500.00
Actual Bank Borrowings / Bank limit
VIII recommended 4500.00 4500.00 4500.00 4500.00