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Numbers Sheet Name Numbers Table Name Excel Worksheet Name

Op Stmt
Table 1 Op Stmt
Op Stmt
Table 1 Op Stmt
As Stmt
Table 1 As Stmt
Liab Stmt
Table 1 Liab Stmt
MPBF
Table 1 MPBF
Nayak Committee
Table 1 Nayak Committee
TNW Reconcile
Table 1 TNW Reconcile
DSCR
Table 1 DSCR
Credit Cycle
Table 1 Credit Cycle
Ratio
Table 1 Ratio
FI
Table 1 FI

1
 M/s GEE KAY STEEL CORPORATION

Profit and Loss Account Rs. In Lakhs

Particular FY 2017 FY 2018 FY 2019 FY 2020 FY 2021

Actual Actual Estimated Projected Projected
1 Domestic Sales 2016.37 8661.82 11727.42 14072.90 16887.48
2 Less : Excise duty 0.00 0.00 0.00 0.00 0.00
Net Domestic Sales 2016.37 8661.82 11727.42 14072.90 16887.48
Export Sales 0.00 0.00 0.00 0.00 0.00
3 Net Sales 2016.37 8661.82 11727.42 14072.90 16887.48
22944.23% 329.57% 35.39% 20.00% 20.00%
4 Cost of sales
Raw Material
- Imported 0.00 0.00 0.00 0.00 0.00
- Indigenous 2039.90 8619.43 11626.75 13719.57 16204.00
Power & Fuel 0.00 0.00
Purchase of Finished Goods
Labour Expenses 7.68 21.11 34.69 59.67 65.00
Other Expenses including labour,pacaking etc 11.07 41.35 49.56 54.44 60.00
Depreciation 0.23 0.09 0.05 0.00 0.00
Other Spares 0.00 0.00 0.00 0.00 0.00
Sub total 2058.88 8681.98 11711.05 13833.68 16329.00
Add : Opening stock-in-process 0.00 0.00 0.00 0.00 0.00
Less : Closing stock-in-process 0.00 0.00
Cost of production 2058.88 8681.98 11711.05 13833.68 16329.00
Add : Opening stock of finished goods 0.00 44.62 69.60 84.54 96.26
Less : Closing stock of finished goods 44.62 69.60 84.54 96.26 109.00
Sub total 2014.26 8657.00 11696.11 13821.96 16316.26
Selling, General & Administrative expenses 0.00 0.00 8.54 20.00 22.00
Packing Material 0.00 0.00 0.00 0.00 0.00
Operating profit before interest 2.11 4.82 22.77 230.95 549.22
6 Interest 0.00 0.00 6.00 108.00 120.40
Interest on Partner's Capital 0.00 0.00 0.00 0.00 0.00
Interest on Working Capital 0.00 0.00 6.00 108.00 108.00
Interest on Term Loan 0.00 0.00 0.00 0.00 0.00
Operating profit after interest 2.11 4.82 16.77 122.95 428.82

9 Other Income / Expenses 0.00 0.00 0.00 0.00 0.00

Add : Income 0.00 0.00 0.00 0.00 0.00
Less : Expenses 0.00 0.00 0.00 0.00 0.00

10 Profit Before Tax 2.11 4.82 16.77 122.95 428.82

Deffered Tax (0.28) 0.03 0.00 0.00 0.00
11 Taxation 0.76 1.34 5.03 36.88 128.65
12 Dividend 0.00 0.00 0.00 0.00 0.00
13 Net Profit 1.63 3.45 11.74 86.06 300.18

36.02% 27.80% 30.00% 30.00% 30.00%

pbdit 0.12% 0.06% 0.19% 1.64% 3.25%

2
CURRENT ASSESTS FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Actual Actual Estimated Projected Projected
30.Cash on hand / Bank balances 31.43 5.58 60.00 100.00 200.00
31.Investments [other than long term investments e.g.
sinking fund, gratuity fund etc.]
i) Government & other Trustee Securities 0.00 0.00 0.00 0.00 0.00
ii) Fixed deposits with Banks 0.00 0.00 0.00 0.00 0.00
iii) Margin money on LC 0.00 0.00 0.00 0.00 0.00
32.i) Receivables other than deferred and export 244.19 153.27 834.86 796.00 922.90
receivables [including BP/BD by bankers]
ii) Export receivables [including BP/BD by bankers] 0.00 0.00 0.00 0.00 0.00
33. Installments of deferred receivables 0.00 0.00 0.00 0.00 0.00
[due within one year]
34. Inventory :
i)Raw materials [including stores and other items 0.00 0.00 0.00 0.00 0.00
used in process of manufacturing]
a) Imported 0.00 0.00 0.00 0.00 0.00
b) Indigenous 0.00 0.00 0.00 0.00 0.00
ii)Stock in process 0.00 0.00 0.00 0.00 0.00
iii)Finished goods 44.62 69.60 84.54 96.26 109.00
iv)Other consumable Spares 0.00 0.00 0.00 0.00 0.00
v) Packing Materials 0.00 0.00 0.00 0.00 0.00
35.Advances to suppliers of raw materials & stores / 87.67 252.71 355.00 464.00 704.00
spares consumables
36.Advance payment of taxes 0.00 0.00 0.00 0.00 0.00
37.Other Current Assets 1.58 0.21 1.34 1.50 3.06
[major items to be specified individually]
38.Total Current Assets 409.49 481.37 1335.74 1457.76 1938.96
[total of items 30 to 37]
FIXED ASSESTS
39.Gross Block [land & building, machinery, 1.27 1.04 0.95 0.90 0.86
construction in progress etc.]
40.Depreciation to date 0.23 0.09 0.05 0.04 0.04
41. Net Block [ item 39 minus 40 ] 1.04 0.95 0.90 0.86 0.82

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OTHER NON CURRENT ASSESTS
42.Investments/book debts/advances/deposits which
are not current assets
i)[a] Investments in subsidiaries / affiliates.
[b] Shares 0.00 0.00 0.00 0.00 0.00
[c] Others
ii)Advances to suppliers of capital goods / spares 0.00 0.00 0.00 0.00 0.00
and contractors for capital expenditure.
iii)Deferred receivables [ maturing after one year ]/Deffered Tax 0.00 0.00 0.00 0.00 0.00
iv)Others (book debts more than 6 months) 0.00 0.00 0.00 0.00 0.00
43.Non consumable stores and spares 0.00 0.00 0.00 0.00 0.00
44.Other miscellaneous assets including dues from 0.00 0.00 0.00 0.00 0.00
Directors.
45.Total other Non Current Assets 0.00 0.00 0.00 0.00 0.00
[ total of items 42 to 44 ]
46.Intagible Assets 0.00 0.00 0.00 0.00 0.00
[ patents, goodwill, preliminary and formation
expenses, bad / doubtful debts not provided for ]
47.Total Assets [ total of items 38, 41, 45 and 46 ] 410.53 482.32 1336.64 1458.62 1939.78

48.Tangible Net Worth [ item 28 minus 46 ] 7.66 108.45 270.85 356.91 657.09
49.Net Working Capital [ item 38 minus 13 ] 409.49 481.37 1335.74 1457.76 1938.96
50. Current Ratio 1.34 1.29 1.32 1.33 1.52
51. Total Outside Liabilities / Tangible Net Worth 52.59 3.45 3.93 3.07 1.94
TL/TNW 12.74 0.00 0.20 0.00 0.00
ISCR 0.00 0.00 0.00 0.00 0.00
DSCR 0.00 0.00 0.00 0.00 0.00
Capital employed 105.24 108.59 325.85 356.91 657.09

4
5
6
LIABILITIES FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Actual Actual Estimated Projected Projected
CURRENT LIABILITIES
01.Short term borrowings from Banks (including BP/BD
and excess borrowings placed on repayment basis
i) from applicant Bank 0.00 0.00 900.00 900.00 900.00
ii) from other Banks 0.00 0.00 0.00 0.00 0.00
Sub-total [A] 0.00 0.00 900.00 900.00 900.00
02.Short term borr. from others 0.00 0.00 0.00 0.00 0.00
03.Deposits maturing within one year 0.00 0.00 0.00 0.00 0.00
04.Sundry Creditors [Trade] 60.99 360.60 105.89 190.35 374.33
05. Unsecured loans 0.00 0.00 0.00 0.00 0.00
06. Advances / Progress payments from customers / 243.54 1.34 2.16 0.00 0.00
deposits from dealers, selling agents.
07.Interest & other charges accrued but not due for 0.00 0.00 0.00 0.00 0.00
payment.
08.Provision for taxes & others 0.00 0.00 0.00 0.00 0.00
09.Dividend payable 0.00 0.00 0.00 0.00 0.00
10.Other statutory liabilities 0.00 0.00 0.00 0.00 0.00
11.Instalments of Term Loans / Deferred payment 0.00 0.00 1.36 2.04 2.04
credits / debentures / redeemable pref.shares
[due within 1 year.
12.Other Current Liabilities and provisions [due within 0.76 11.79 1.38 2.36 1.60
one year] (major items to be specified individually)
Sub-total [B] 305.29 373.73 110.79 194.75 377.97
13.Total current liabilities [total of items 1 to 12] 305.29 373.73 1010.79 1094.75 1277.97
TERM LIABILITIES
14. Debentures (not maturing within one year) 0.00 0.00 0.00 0.00 0.00
15. Redeemable Preference Shares [ not maturing 0.00 0.00 0.00 0.00 0.00
within 1 year, but of maturity not exceeding 12 yrs.]
16.Term Loans 0.00 0.00 9.00 6.96 4.72
[exclusive of instalment payable within one year]
17.Deferred payment Credits 0.00 0.00 0.00 0.00 0.00
[exclusive of instalment payable within one year]
18. Term Deposits
[payable after one year] 0.00 0.00 0.00 0.00 0.00
19.Other Term Liabilities 0.00 0.00 0.00
7
Deferred Tax Liability 0.17 0.14 0.00 0.00 0.00
Unsecured loan 97.41 0.00 0.00 0.00 0.00
20. Total Term Liabilities 97.58 0.14 55.00 0.00 0.00
[total of items 14 to 19]
21.Total Outside Liabilities 402.87 373.87 1065.79 1094.75 1277.97
[items 13 plus 20]

Net Worth

22.Ordinary Share Capital 2.00 99.34 250.00 250.00 250.00

23.Share Application Money 0.00 0.00 0.00 0.00 0.00
24.General Reserve/Partners Current A/c 0.00 5.66 9.11 20.85 106.91
25.SharePremium 0.00 0.00 0.00 0.00 0.00
26.Revalution Reserves 0.00 0.00 0.00 0.00 0.00
27.Surplus [+] or Deficit [-] in P & L Account 5.66 3.45 11.74 86.06 300.18
28.Net Worth [ total of items 22 to 27] 7.66 108.45 270.85 356.91 657.09
29.Total Liabilities 410.53 482.32 1336.64 1451.66 1935.06
[ total of items 21 and 28]

Total Assets Side - Liablities 0.00 0.00 0.00 6.96 4.72

8
Particular FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Actual Actual Estimated Projected Projected
(a) Total Current Assets 409.49 481.37 1335.74 1457.76 1938.96
(b) Other Current Liabilities 305.29 373.73 110.79 194.75 377.97
(c) Working Capital Gap (a – b) 104.20 107.64 1224.95 1263.01 1560.99
(d) Minimum stipulated Net Working Capital (25% of “a”) 102.37 120.34 333.94 364.44 484.74
(e) Actual/Projected Net Working Capital 104.20 107.64 324.95 363.01 660.99
(f) (c – d) 1.83 -12.70 891.02 898.57 1076.25
(g) (c – e) 0.00 0.00 900.00 900.00 900.00
(h) MPBF (lower of “f” and “g”) 0.00 -12.70 891.02 898.57 900.00
(i) Excess Borrowings, if any
Proposed Working Capital Limit 900.00 900.00 900.00 900.00 900

9
10
Particulars FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Actual Actual Estimated Projected Projected
(A) Gross Sales 2016.37 8661.82 11727.42 14072.90 16887.48
(B) 31.25% of Gross Sales 630.12 2706.82 3664.82 4397.78 5277.34
(C) 6.25% of Gross Sales 126.02 541.36 732.96 879.56 1055.47
(D) Actual /Projected Net Working Capital 104.20 107.64 324.95 363.01 660.99
(E) (b-c) 504.09 2165.46 2931.86 3518.23 4221.87
(F) (b-d) 525.92 2599.18 3339.87 4034.77 4616.35
Permissible Bank Finance (Lower of E & F) 504.09 2165.46 2931.86 3518.23 4221.87
Limit requested 900.00 900.00 900.00 900.00 900.00

11
TNW Reconcialiation

Particulars FY 2017 FY 2018 FY 2019 FY 2020 FY 2021

Actual Actual Estimated Projected Projected
TNW at beginning of FY 6.03 7.66 108.45 270.85 356.91
Add:
Capital brought in, 0.00 97.34 150.66 0.00 0.00
Net profit retained in the business
1.63 3.45 11.74 86.06 300.18
Decrease in POP 0.00 0.00 0.00 0.00 0.00
Less:
Increase in POP 0.00 0.00 0.00 0.00 0.00
Drawings 0.00 0.00 0.00 0.00 0.00
TNW at the end of FY 7.66 108.45 270.85 356.91 657.09

0.00 0.00 0.00 0.00 0.00

7.66 108.45 270.85 356.91 657.09
0.00 0.00 0.00 0.00 0.00

12
Particular FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Actual Actual Estimated Projected Projected

Receivables (Whole) #VALUE! #VALUE! #VALUE! #VALUE!

Creditors Days 0.00 0.00 0.00 0.00

RM Days (1810.65) 336.29 (664.14) (570.47)
Work in Process Days #DIV/0! #DIV/0! #DIV/0! #DIV/0!
FG Days 0.00 0.00 0.00 0.00

Credit Cycle #DIV/0! #DIV/0! #DIV/0! #DIV/0!

13
Particulars 0 Actual Actual Estimated Projected
0 0 0 0 0
Fixed Block 0.00 0.00 0.00 0.00 0.00
Term Loan 0.00 0.00 0.00 0.00 0.00
FACR #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Particulars 0 Actual Actual Estimated Projected

0 0 0 0 0
EBIDTA 5.45 16.35 99.59 294.71 317.58
PBDIT% #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
PBT% #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
PAT% #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

14
 Particulars 0 52.2 63.405 0 0
0 0 500.916 0 0
1 Equity 0.00 0.00 0.00 0.00 0.00
2 Preference Share 0.00 0.00 0.00 0.00 0.00
3 Tangible Net worth 0.00 0.00 0.00 0.00 0.00
4 Investments in Companies 0.00 0.00 0.00 0.00 0.00
5 (of which group companies) 0.00 0.00 0.00 0.00 0.00
6 Adjusted TNW 0.00 0.00 0.00 0.00 0.00
7 Medium and Long term loans 0.00 0.00 0.00 0.00 0.00
Unsecured Loans 0.00 0.00 0.00 0.00 0.00
Other Term Liabilities 0.00 0.00 0.00 0.00 0.00
8 Capital Employed 0.00 0.00 0.00 0.00 0.00
9 Current Asset 0.00 0.00 0.00 0.00 0.00
10 Current Liability 0.00 0.00 0.00 0.00 0.00
11 Net Working Capital 0.00 0.00 0.00 0.00 0.00
12 Net Block 0.00 0.00 0.00 0.00 0.00
13 Domestic Sales 0.00 0.00 0.00 0.00 0.00
14 Export Sales FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
15 Total Sales (including Operating Income) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
16 Other Income 1.27 1.04 0.95 0.90 0.86
17 EBIDTA 0.00 0.00 0.00 0.00 0.00
18 Interest 0.00 0.00 0.00 0.00 0.00
19 Gross Profit/Loss 0.00 0.00 0.00 0.00 0.00
20 Taxation 0.00 0.00 0.00 0.00 0.00
21 Cash Accruals 0.00 0.00 0.00 0.00 0.00
22 Depreciation/Amortization 0.00 0.00 0.00 0.00 0.00
23 Net Profit/Loss 0.00 0.00 0.00 0.00 0.00
24 Accumulated Losses 0.00 0.00 0.00 0.00 0.00
25 Net Profit / Capital Employed % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
26 Current Ratio #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
27 Term Liab/ Adjusted TNW #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
28 TOL/ Adjusted TNW (Debt Equity) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
29 TOL/Quasi Equity #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
30 Profitability%: PAT/ Net Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
31 DSCR 0.00 0.00 0.00 0.00 0.00
Average DSCR for project 0.00 0.00
32 Interest Service Coverage Ratio #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
33 Inventory + Receivables/ Sales % #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

TOL 0.00 0.00 0.00 0.00 0.00

TNW 0.00 0.00 0.00 0.00 0.00

15