Assumptions

Products Sarees
Working capacity (Year)
1 90%
2 100%
3 100%
4 100%
5 100%
Date of commencement of production
Sale price per Saree Rs 6700
Raw material price per saree
Silk Rs 4000
Jari Rs 1200
Term Loan @13% 7030000
Repayment 20 quarterly installments

Debtors Holding Period 40 Days

Creditors Payment period 3 Days
Closing Stock
Raw Material 30 Days
WIP 2 Days
Finished Goods 10 Days

No of Working days 300 Days

* Wages and Power are calculated per saree

Year ending with --> 2019 2020 2021
Average output per Loom per day 12 12 12
No. Of working days 300 300 300
No of working months 12 12 12
Effective working hours 10 10 10
Installed Capacity 3600 3600 3600
Working Capacity 90% 100% 100%

Production Capacity 3240 3600 3600

Sales
Production of sarees (in lakhs) 21,708,000 24,120,000 24,120,000
Add: Opening FG 0 613920 685150
Less: Closing FG 613,920 685,150 685,600
Total Saree Sales value 21,094,080 24,048,770 24,119,550

Raw material Consumption

Normal Loss 0.1 0.1 0.1
Raw material Price per saree (silk) 4,000 4,000 4,000
Raw material Price per saree (Jari) 1,200 1,200 1,200
Raw material consumption (in value) 16,848,000 18,720,000 18,720,000
Add: Closing Stock Of Rm 1,684,800 1,872,000 1,872,000
Less: Opening Stock 0 1,684,800 1,872,000
RM purchased 18,532,800 18,907,200 18,720,000
Closing Work in progress 123,608 137,120 137,120
Opening Work in Progess 0 123,608 137,120
Closing stock of Finished goods 613,920 685,150 685,600
Opening stock of Finished goods 0 613,920 685,150

Electricity 97,200 108,000 108,000

Wages 1,296,000 1,440,000 1,440,000
salaries 300,000 300,000 300,000
Total 1,596,000 1,740,000 1,740,000

Debtors 2,812,544 3,206,503 3,215,940

Creditors 185,328 189,072 187,200

Change in stock
RM stock 1,684,800 187,200 0
WIP stock 123,608 13,512 0
Finished Stock 613,920 71,230 450
TOTAL 2,422,328 271,942 450
 2022 2023
12 12
300 300
12 12
10 10
3600 3600
100% 100%

3600 3600

24,120,000 24,120,000
685600 685600
685,600 685,600
24,120,000 24,120,000

0.1 0.1
4,000 4,000
1,200 1,200
18,720,000 18,720,000
1,872,000 1,872,000
1,872,000 1,872,000
18,720,000 18,720,000
137,120 137,120
137,120 137,120
685,600 685,600
685,600 685,600

108,000 108,000
1,440,000 1,440,000
300,000 300,000
1,740,000 1,740,000

3,216,000 3,216,000
187,200 187,200

0 0
0 0
0 0
0 0
 31.03.2020 31.03.2021
Current year Following year
Particulars
Estimated Provisional
1 2
1 Gross Receipts
Saree Sales
Sale of Sarees 21,708,000 24,120,000
Total sales 21,708,000 24,120,000
2 Cost of production
RM(cotton)- Consumption 16,848,000 18,720,000
Power 97,200 108,000
Wages and salaries 1,596,000 1,740,000
Cost of Production before WIP 18,541,200 20,568,000
Less: Closing WIP 123,608 137,120
Add: Opening Wip 0 123,608
Cost of Production 18,417,592 20,554,488
Add : Opg stock of Finished Goods 0 613,920
Less : Clg. stock of Finished Goods 613,920 685,150
TOTAL(A) 17,803,672 20,483,258
Admin Exp 316411 360732
Repairs and maintenance 210941 240488
selling Expenses 316411 360732
TOTAL(B) 843763 961951
Operating profit before interest (A-B) 3,060,565 2,674,791
Interest on Working capital 371250 297000
Interest on Term Loan 812844 637094
Operating profit after interest 1,876,471 1,740,697
Depreciation 1267000 1037673
PBT 609,471 703,024
Provision for tax (5%) 30474 35151
Profit After Tax 578,997 667,873
 ANALYSIS OF BALANCE SHEET

31.03.2020 31.03.2021
Current year Following year
LIABILITIES
Estimated Provisional
1 2
CURRENT LIABILITIES:
1 Short term borrowings from Banks
(including bills purchased, discounted)
I) From applicant bank 2,970,000 2,376,000
From Application Bank Term Loan
Sub Total (A) 2,970,000 2,376,000
2 Short term borrowings from Others - 0
3 Sundry Creditors (Trade) 185,328 189,072
4 Advance payments from Customers - -
or Deposits from Dealers - -
5 Provision for taxation 30,474 35,151
6 Dividend payable - -
7 Other statutory liabilities (due - -
within one year) - -
8 Other Current Liabilities & Provisions - -
Sub Total (B) 215,802 224,223
9 Total Current Liabilities (Total of 1 to 9) 3,185,802 2,600,223
10 Deferred Payment Credits (excluding - -
installments due within one year) - -
11 Term Deposits (repayable after - -
one year) - -
12 Other Term Liabilities (From Applicant bank te 5,624,000 4,218,000
13 Total Term Liabilities 5,624,000 4,218,000
(Total of 10 to 13)
14 Total Outstanding liabilites 8,809,802 6,818,223

Net Worth:
15 Corpus fund 3,051,000 3,051,000
16 General Reserve 578,997
17 Revaluation Reserve - -
18 Other Reserves (excluding provision) - -
19 Surplus (+) or deficit (-) in Profit & 578,997 667,873
 Loss account
20 Net Worth 3,629,997 4,297,870
21 Total Liabilities 12,439,799 11,116,094
 ANALYSIS OF BALANCE SHEET

31.03.2020 31.03.2021
Current year Following year
A S S E T S:
Estimated Provisional
1 2
CURRENT ASSETS:
22 Cash and Bank balances 1,471,927 1,700,506
23 Investments (other than long term
investments)
i) Government & Other Trustee Securities
ii) Fixed deposits with banks - -
24 i) Receivables other than deferred & 2,812,544 3,206,503
exports (including bills purchased
& discounted by banks)
ii) Export receivables (including bills - -
purchased/discounted by banks) - -
25 Inventory:
I) Raw Materials (including stores &
other items used in the process of
manufacture)
a) Imported
b) Indigenous 1,684,800 1,872,000
ii) Stock in Process 123,608 137,120
iii) Finished Goods 613,920 685,150
iv) Other Consumable Spares
a) Imported
b) Indigenous
26 Advances to Suppliers of Raw
Materials & Stores/Spares
27 Other Current Assets

28 Total Current Assets 6,706,799 7,601,279

(Total of 22 to 27)
29 Gross Block (Land & Building, 7,000,000 7,000,000
Vehicles)
30 Depreciation to date 1267000 2304673
31 Net Block (29-30) 5,733,000 4,695,327
12,439,799 12,296,606
 31.03.2020 31.03.2021
Current year Following year

Estimated Provisional
1 2
OTHER NON CURRENT ASSETS:
32 Investments/book debts/advances/ - -
deposits which are not Current
Assets
I) a) Investments in subsidiary
companies/affiliates
b) Others
ii) Advances to suppliers of
Capital Goods & Contractors
iii) Deferred receivables
(maturity exceeding one year)
iv) B.G Margin - -
33 Total Other Non Current Assets - -

34 Intangible assets (patents, goodwill - -

preliminary expenses, bad/doubtful
debts not provided for, etc.
35 Total Assets 12,439,799 12,296,606
(Total of 28 to 34)
36 Tangible Net Worth 3,629,997 4,297,870
37 Net Working Capital 3,520,997 5,001,055

38 Current Ratio (items 28/9) 2.11 2.92

39 Total Outside Liabilities Net Worth 2.43 1.59
 COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABIL
ANALYSIS OF BALANCE SHEET
0

31.03.2020 31.03.2021
Current year Following year

A. CURRENT ASSETS: Estimated Provisional

1 2

1 I) Raw Materials (including stores &

other items used in the process of
manufacture)
a) Imported
Months Consumption
b) Indigenous 1,684,800 1,872,000
Months Consumption
2 Other Consumable spares, excluding
a) Imported
Months Consumption
b) Indigenous - -
Months Consumption
3 Stock in Process 123,608 137,120
Months cost of production
4 Finished Goods 613,920 685,150
5 Receivables other than export & 2,812,544 3,206,503
deferred receivables (including bills
purchased and discounted by
bankers)
6 Export receivables (including bills - -
purchased & disc) Months - -
export sales - -
7 Other current assets including cash 1,471,927 1,700,506
& bank balances & deferred
receivables due within one year,templates

8 Total Current Assets 6,706,799 7,601,279

B. CURRENT LIABILITIES
(Other than bank borrowings for
Working Capital)
9 Creditors for purchase of raw 185,328 189,072
materails, stores & consumables
10 Advances from customers - -
11 Statutory Liabilities 30,474 35,151
12 Other current liabilities (specify - -
major items) Short term borrowings, - -
unsecured loans, dividend payable,
installments of TL, DPG, public
13 Total 215,802 224,223
 ESTIMATED AND PROJECTED BALANCE SHEET
0
0

31.03.2020 31.03.2021
Current year Following year

Estimated Provisional
Particulars 1 2

A LIABILITIES:

1. Corpus fund 3,051,000 3,051,000

2. Surplus (+) or deficit (-) in Profit & 578,997 667,873
Loss account
3. Term Loan 5,624,000 4,218,000
4. Unsecured Loans 0 0
5. Bank Borrowings for Working capital 2,970,000 2,376,000
6. Other Liabilities 215,802 224,223

Total Liabilities 12,439,799 10,537,096

B ASSETS:
1. Gross Block 7,000,000 7,000,000
2. Depreciation 1,267,000 2,304,673
3. Net Block 5,733,000 4,695,327
4. Non current investments 0 0
5. Current Assets 5,234,872 5,900,772
6. Cash and Bank balances 1,471,927 1,700,506

Total Assets 12,439,799 12,296,606

 ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

31.03.2020 31.03.2021
Current year Following year

Estimated Provisional
1 2
I Current Assets:
1. Raw Material including stores
a) Imported
Months Consumption
b) Indigenous 1,684,800 1,872,000
Months Consumption
2. Other Consumable Spares 0 0
3. Stock in Process 123,608 137,120
(Months Cost of Production)
4. Finished Goods 613,920 685,150
(Months Cost of Sales)
5. Receivables other than Export and Deferre 2,812,544 3,206,503
Receivables (including bills
purchased/discounted by banks)
(Months Domestic Sales excluding
deferred payment sales)
6. Export Receivables
(including bills purchased/discounted
by banks)
7. Advances to Suppliers of Raw
Materials and Stores/Spares/
Consumables
8. Other Current Assets including 1,471,927 1,700,506
Cash and Bank balances and
deferred receivables due within one
year (furnish individual details of
major items)
Total Current Assets (I) 6,706,799 7,601,279

II Current Liabilities
1. Creditors for purchases of Raw 185,328 189,072
material and Stores/Spares/
Consumables (months purchases)
 2. Advances from Customers
3. Accured Expenses
4. Statutory Liabilities
5. Other Current Liabilities 30,474 35,151
furnish individual details of major items
Total Current Liabilities (II) 215,802 224,223
III Working Capital Gap (I-II) 6,490,997 7,377,055
IV Margin for Working Capital 3,520,997 5,001,055
V Bank Borrowings 2,970,000 2,376,000
 31.03.2022 31.03.2023 31.03.2024
Following year Following year Following year

Provisional Provisional Provisional

3 4 5

24,120,000 24,120,000 24,120,000

24,120,000 24,120,000 24,120,000

18,720,000 18,720,000 18,720,000

108,000 108,000 108,000
1,740,000 1,740,000 1,740,000
20,568,000 20,568,000 20,568,000
137,120 137,120 137,120
137,120 137,120 137,120
20,568,000 20,568,000 20,568,000
685,150 685,600 685,600
685,600 685,600 685,600
20,567,550 20,568,000 20,568,000
361793 361800 361800
241195 241200 241200
361793 361800 361800
964782 964800 964800
2,587,668 2,587,200 2,587,200
222750 148500 74250
461344 285594 109844
1,903,575 2,153,106 2,403,106
849854.187 696030.57915 570049.04433
1,053,720 1,457,076 1,833,057
52686 72854 91653
1,001,034 1,384,222 1,741,404
E SHEET

31.03.2022 31.03.2023 31.03.2024

Following year Following year Following year

Provisional Provisional Provisional

3 4 5

1,782,000 1,188,000 594,000

1,782,000 1,188,000 594,000

0 0 0
187,200 187,200 187,200
- -
- -
52,686 72,854 91,653
- - -
- - -
- - -
- - -
239,886 260,054 278,853
2,021,886 1,448,054 872,853
- - -
- - -
- - -
- - -
2,812,000 1,406,000 -
2,812,000 1,406,000 0

4,833,886 2,854,054 872,853

3,051,000 3,051,000 3,051,000

1,246,870 2,247,905 3,632,127
- - -
- - -
1,001,034 1,384,222 1,741,404
 5,298,905 6,683,127 8,424,531
10,132,791 9,537,180 9,297,384
E SHEET

31.03.2022 31.03.2023 31.03.2024

Following year Following year Following year

Provisional Provisional Provisional

3 4 5

2,748,914 4,037,274 5,555,527

- - -
3,215,940 3,216,000 3,216,000

- - -
- - -

1,872,000 1,872,000 1,872,000

137,120 137,120 137,120
685,600 685,600 685,600

8,659,574 9,947,994 11,466,247

7,000,000 7,000,000 7,000,000

3154527 3850558 4420607

3,845,473 3,149,442 2,579,393
12,505,047 13,097,436 14,045,640
 31.03.2022 31.03.2023 31.03.2024
Following year Following year Following year

Provisional Provisional Provisional

3 4 5

- - -

- - -
0 0 0

12,505,047 13,097,436 14,045,640

5,298,905 6,683,127 8,424,531

6,637,688 8,499,940 10,593,394

4.28 6.87 13.14

0.91 0.43 0.10
SETS & CURRENT LIABILITIES
HEET

31.03.2022 31.03.2023 31.03.2024

Following year Following year Following year

Provisional Provisional Provisional

3 4 5

1,872,000 1,872,000 1,872,000

- - -

137,120 137,120 137,120

685,600 685,600 685,600

3,215,940 3,216,000 3,216,000

-
-
-
2,748,914 4,037,274 5,555,527

8,659,574 9,947,994 11,466,247

187,200 187,200 187,200

 - - -
52,686 72,854 91,653
- - -
- - -

239,886 260,054 278,853

BALANCE SHEET

31.03.2022 31.03.2023 31.03.2024

Following year Following year Following year

Provisional Provisional Provisional

3 4 5

3,051,000 3,051,000 3,051,000

1,001,034 1,384,222 1,741,404

2,812,000 1,406,000 0
0 0 0
1,782,000 1,188,000 594,000
239,886 260,054 278,853

8,885,920 7,289,276 5,665,257

7,000,000 7,000,000 7,000,000

3,154,527 3,850,558 4,420,607
3,845,473 3,149,442 2,579,393
0 0 0
5,910,660 5,910,720 5,910,720
2,748,914 4,037,274 5,555,527

12,505,047 13,097,436 14,045,640

MENTS

31.03.2022 31.03.2023 31.03.2024

Following year Following year Following year

Provisional Provisional Provisional

3 4 5

1,872,000 1,872,000 1,872,000

0 0 0
137,120 137,120 137,120

685,600 685,600 685,600

3,215,940 3,216,000 3,216,000

2,748,914 4,037,274 5,555,527

8,659,574 9,947,994 11,466,247

187,200 187,200 187,200

 52,686 72,854 91,653

239,886 260,054 278,853

8,419,688 9,687,940 11,187,394
6,637,688 8,499,940 10,593,394
1,782,000 1,188,000 594,000
 Statement showing the depriciation on fixed assets
As Per Companies Act' 2013.
Machinery @ 18.1% 1st Year 2nd Year 3rd Year 4th Year 5th Year
Opening Balance 7000000 5733000 4695327 3845472.8 3149442.234
Depriciation 1267000 1037673 849854 696031 570049
Closing Balance 5733000 4695327 3845472.813 3149442.2 2579393.19

Total Depriciation
Machinery 1267000 1037673 849854 696031 570049
Total 1267000 1037673 849854 696031 570049
 Cash Flow Statement
(Rs in Lakhs)
31.03.2020 31.03.2021 31.03.2022
Current year Following Following
Particulars year year
Estimated Provisional Provisional
1 2 3
Cash Flows from Operating activities

Net profit before taxation 609471 703024 1053720

Adjustment for :
Depreciation 1267000 1037673 849854
Dividend Received - - -
Interest expenses 1184094 934094 684094
Interest Received - - -
Profit / Loss on sale of fixed assets / investments - - -
Extraordinary income / expenses - - -
Operating profit before working capital changes 3060565 2674791 2587668
Changes in current assets ( exclud cash and bank
balances) -5234872 -665901 -9888
Change in Debtors -2812544 -393959 -9437
Change in Stock -2422328 -271942 -450
Change in other current assets 0 0 0
Changes in current liabilities ( exclud div and debts) 3185802 594934 613407
Change in creditors 185328 -3744 1872
Change in bank finance 2970000 594000 594000
Change in other current liabilities 30474 4678 17535
Cash generated from operations 1011494 2603824 3191188
Income tax for the current year ( including deferred
tax) 30474 35151 52686

Cash from opeartions before extraordinary items 981021 2568673 3138502

Extraordinary items 0 0 0
Net cash from operating activities ( 1 ) 981021 2568673 3138502
Cash Flows from Investing activities
Dividend Received - - -
Interest Received - - -
Purchase / Sale of Fixed Assets -7000000 - -
Purchase / Sale of Intangible Assets - - -
Long term Investments/ Repayments 0 0 0

Net cash from investing activities ( 2 ) -7000000 0 0

Cash Flows from Financing activities

Interest expenses -1184094 -934094 -684094
Dividend paid 0 0 0
Increase / Decrease in Share Capital 3051000 0 0
Change in Share Premium 0 0 0
Change in Debentures / Preference Shares 0 0 0
Change in Term Debt 7030000 0 0
Unsecured Loan 0 0 0
Repayment of Term loan -1406000 -1406000 -1406000
- -
Net cash from financing activities ( 3 ) 7490906 -2340094 -2090094
Total Cash Inflow/(outflow) 1471927 228579 1048408

Cash / Bank Balance at the beginning of period ( 5 ) 0 1471927 1700506

Cash / Bank Balance at the end of period ( 4 ) + ( 5 ) 1471927 1700506 2748914

31.03.2023 31.03.2024
Following Following
year year
Provisional Provisional
4 5

1457076 1833057

696031 570049
- -
434094 184094
- -
- -
- -
2587200 2587200

-60 0
-60 0
0 0
0 0
614168 612799
0 0
594000 594000
20168 18799
3201308 3199999

72854 91653

3128454 3108346
0 0
3128454 3108346

- -
- -
- -
- -
0 0

0 0

-434094 -184094
0 0
 0 0
0 0
0 0
0 0
0 0
-1406000 -1406000
- -
-1840094 -1590094
1288360 1518252

2748914 4037274

4037274 5555527
 0

Working Capital Requirement

2019-20
Sl.No Particulars
Proj.
1 Total Current Assets 6,706,799
2 Other Current Liabilities (Other than Bank Borrowings) 215,802
3 Working Capital Gap (A-B) 6,490,997
4 Min. Stipulated Net Working Capital (25% of WCG) 1,622,749
5 Actual / Projected Net Working Capital 3,520,997
6 Item (3-4) 4,868,248
7 Item (3-5) 2,970,000
8 Max Permissable Bank Finance (6 or 7 Whichever is low) 2,970,000
9 Excess Borrowings representing Shortfall in Networking Capital (4-5) -1,898,248
Requirement
2020-21 2021-22 2022-23 2023-24
Proj. Proj. Proj. Proj.
7,601,279 8,659,574 9,947,994 11,466,247
224,223 239,886 260,054 278,853
7,377,055 8,419,688 9,687,940 11,187,394
1,844,264 2,104,922 2,421,985 2,796,848
5,001,055 6,637,688 8,499,940 10,593,394
5,532,791 6,314,766 7,265,955 8,390,545
2,376,000 1,782,000 1,188,000 594,000
2,376,000 1,782,000 1,188,000 594,000
-3,156,791 -4,532,766 -6,077,955 -7,796,545
Repayment Schedule

Amount Sanction Moratorium Installments

Term Loan 7030000 1 yr 20

interst rate 12.5% 351500

Principal installments Quarterly Yearly

SI No: Amount Amount Interest Interest Balance
2019-20
Jun-19 7030000 351500 219688
Sep-19 6678500 351500 208703
Dec-19 6327000 351500 197719
Mar-20 5975500 351500 186734 812844 5624000
1406000
2020-21
Jun-20 5624000 351500 175750
Sep-20 5272500 351500 164766
Dec-20 4921000 351500 153781
Mar-21 4569500 351500 142797 637094 4218000
1406000
2021-22
Jun-21 4218000 351500 131813
Sep-21 3866500 351500 120828
Dec-21 3515000 351500 109844
Mar-22 3163500 351500 98859 461344 2812000
1406000
2022-23
Jun-22 2812000 351500 87875
Sep-22 2460500 351500 76891
Dec-22 2109000 351500 65906
Mar-23 1757500 351500 54922 285594 1406000
1406000
2023-24
Jun-23 1406000 351500 43938
Sep-23 1054500 351500 32953
Dec-23 703000 351500 21969
Mar-24 351500 351500 10984 109844 -
1406000

Total 2306719

Working Capital
 Opening Closing Interest @
Year Balance Installment Balance 12.5%
2018-19 2970000 594000 2376000 371250
2019-20 2376000 594000 1782000 297000 594000
2020-21 1782000 594000 1188000 222750
2021-22 1188000 594000 594000 148500
2022-23 594000 594000 0 74250
 PERFORMANCE AND FINANCIAL INDICATORS

As on 31st March
2018-19 2019-20 2020-21
Particulars
Est. Proj. Proj.

Saree Sales 21708000 24120000 24120000

Net Sales 21708000 24120000 24120000

% rise/fall (-) in net sales 0.00 -72.22 0.00

Profit Before tax 609471 703024 1053720

PBT/ Sales (%) 2.81 2.91 4.37

Profit After Tax 578997 667873 1001034

PAT/Sales (%) 2.67 2.77 4.15

Cash Accrual 1845997 1705546 1850889

Paid Up Capital 3051000 3051000 3051000

TNW 3629997 4297870 5298905

TOL/TNW (times) 2.43 1.59 0.91

NWC 6490997 7377055 8419688
Current Ratio 2.11 2.92 4.28

2018-19 2019-20 2020-21

Particulars
Est. Proj. Proj.

Particulars 2017-18 2018-19 2019-20

Est. Proj. Proj.
Other Ratios
Operating Cost/ sales % 91.36 92.78 92.11
Net Sales /TTA (times) 1.75 1.96 1.93
PBDIT 3060565 2674791 2587668
 EFFICIENCY RATIOS
PBT/ Total Tangible Assets (%) 0.05 0.06 0.08

Bank Finance/ Ct. Assets (%) 0.44 0.31 0.21

Inventory+ Receivables to net 38.98 39.99 40.11

Sales (days)
PBDIT 2689315 2377791 2364918
PBDIT (Excluding Interest Int on Unsecured Loans) 2689315 2377791 2364918
RISK RATING RELATED RATIOS
1 Current Ratio 2.11 2.92 4.28
2 TOL/TNW (times) 2.43 1.59 0.91
3 PBDIT(Incliuding Int on Unsecured Loans)/Interest (times) 812852 637103 461355
4 PBDIT (Excluding Interest Int on Unsecured Loans)/Interest (tim 812852 637103 461355
5 PAT/Net Sales (%) 2.67 2.77 4.15
6 ROCE (%) (PBDIT/TA) 24.60 21.75 20.69
7 DSCR 1.04 1.02 1.13
Average DSCR 0.68
ORS

2021-22 2022-23
Proj. Proj.

24120000 24120000
24120000 24120000

0.00 0.00

1457076 1833057

6.04 7.60

1384222 1741404
5.74 7.22

2080252 2311453
3051000 3051000

6683127 8424531

0.43 0.10
9687940 11187394
6.87 13.14

2021-22 2022-23
Proj. Proj.

2020-21 2021-22
Proj. Proj.

91.07 90.04
1.84 1.72
2587200 2587200
 0.11 0.13

0.12 0.05

40.11 40.11

2438700 2512950
2438700 2512950

6.87 13.14
0.43 0.10
285611 109879
285611 109879
5.74 7.22
19.75 18.42
1.33 1.58
0.68