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Project Report-Final - Sens Revised
Project Report-Final - Sens Revised
2 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29
Consumables 30
Domestic Debtor 30
Export Debtor 0
4 Other Expenses
Labour 12.00% % over sales
Repair & maintenance 1.00% % over sales
Other misc. manufacturing exp. 2.00% % over sales
Consumable 1.00% % over sales
Administrative Exp. 7.50% % over sales
Power 10.00% % over sales
PROJECT COST
Rs. in Lacs
Total 343.40
0.00
PLANT AND MACHINERY & OTHER FIXED ASSETS
Rs.in Lacs
PARTICULARS 0 1 2 3 4 5 6 7 8 9 10
2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29
Capital 248.94 375.61 397.68 434.75 489.08 547.42 633.02 725.10 833.83 948.96 1086.13
Secured Loans
Installment due more than year
ODIP from PNB 245.16 228.43 209.73 188.82 165.45 139.32 110.11 77.45 40.94 0.00 0.00
New Term Loan from PNB 0.00 184.29 153.58 122.87 92.16 61.45 30.74 0.00 0.00 0.00 0.00
Car Loan from PNB - Range Rover 0.00 220.24 186.59 149.76 109.46 65.35 17.08 0.00 0.00 0.00 0.00
Car Loan from PNB - BMW 0.00 114.56 99.00 82.06 63.62 43.55 21.71 0.00 0.00 0.00 0.00
Vehicle Loan & Others 40.26 18.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Unsecured Loan 37.65 37.65 37.65 37.65 37.65 37.65 37.65 37.65 37.65 37.65 37.65
Term Liability
Creditors O/s for more than one year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Term Liability 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deffered Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current Liabilities
Bank Borrowings for Working Capital 0.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00
Sundry Creditors for Goods 21.71 26.04 33.69 38.39 44.32 49.08 55.17 59.76 65.77 69.05 67.46
Others Current Liabilities 78.05 31.22 29.66 29.66 29.66 28.18 26.77 25.43 24.16 22.95 24.16
(incl. Loans & Advances)
Installment Due Within One Year
ODIP from PNB 14.96 16.73 18.70 20.91 23.37 26.13 29.21 32.66 36.51 40.94 0.00
New Term Loan from PNB 0.00 30.71 30.71 30.71 30.71 30.71 30.71 30.74 0.00 0.00 0.00
Car Loan from PNB I 0.00 30.75 33.65 36.83 40.30 44.11 48.27 17.08 0.00 0.00 0.00
Car Loan from PNB II 0.00 14.30 15.56 16.94 18.44 20.07 21.84 21.71 0.00 0.00 0.00
Vehicle Loan & Others 117.71 31.77 18.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Provisions
Provision for taxes 0.00 14.03 15.69 19.77 22.78 28.53 30.69 36.24 38.38 45.72 48.24
TOTAL 906.11 1,557.13 1,467.69 1,408.45 1,375.34 1,347.16 1,325.05 1,312.56 1,332.38 1,442.44 1,548.35
ASSETS
Fixed Assets
Gross Block 589.76 1,285.64 1,285.64 1,285.64 1,285.64 1,285.64 1,285.64 1,285.64 1,285.64 1,285.64 1,285.64
Less:Depreciation 285.26 425.85 545.48 647.29 733.93 807.68 870.45 923.89 969.38 1,008.11 1,041.09
Net Block 304.50 859.79 740.16 638.35 551.71 477.96 415.19 361.75 316.26 277.53 244.55
Capital Work in Progress 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current Assets
Inventory 165.46 153.90 184.50 212.85 245.70 274.95 308.70 337.50 370.80 393.98 393.98
W.I.P. & Finished Goods 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sundry Debtors 176.42 191.25 192.50 173.75 165.00 166.25 177.50 198.75 210.00 231.25 271.25
Advance Tax 8.17 14.03 15.69 19.77 22.78 28.53 30.69 36.24 38.38 45.72 48.24
Other Current Assets 2.20 30.00 32.00 34.00 36.00 38.00 40.00 25.00 26.00 27.00 28.00
Fixed Deposits 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.10
Cash & Bank Balances 19.76 51.20 40.69 42.07 30.63 31.70 16.54 8.75 17.72 34.54 20.08
Preliminary Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 906.11 1,557.13 1,467.69 1,408.45 1,375.34 1,347.16 1,325.05 1,312.56 1,332.38 1,442.44 1,548.35
PROJECTED PROFIT & LOSS ACCOUNT
OPERATING YEARS
Rs.in Crores
PARTICULARS 1 2 3 4 5 6 7 8 9 10
Financial Year 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29
Domestic Sales
Service Charge Received 1,012.50 1,125.00 1,237.50 1,350.00 1,462.50 1,575.00 1,687.50 1,800.00 1,912.50 1,912.50
Other Income 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00
Sales Value 1,014.50 1,127.00 1,239.50 1,352.00 1,464.50 1,577.00 1,689.50 1,802.00 1,914.50 1,914.50
Less: Taxes & Duties 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Sales Value 1,014.50 1,127.00 1,239.50 1,352.00 1,464.50 1,577.00 1689.50 1802.00 1914.50 1914.50
Raw Material Consumed 380.19 491.85 560.48 647.10 716.63 805.50 872.55 960.30 1,008.12 984.94
Consumables Consumed 10.13 11.25 12.38 13.50 14.63 15.75 16.88 18.00 19.13 19.13
Power 101.00 113.00 124.00 135.00 146.00 158.00 169.00 180.00 191.00 191.00
Direct Labour 122.00 138.00 163.00 178.00 193.00 208.00 223.00 238.00 252.00 252.00
Repairs & Maintenance 10.13 11.81 12.99 14.85 16.09 17.33 18.56 19.80 21.04 21.04
Misc. Factory Expenses 20.00 24.00 26.00 30.00 32.00 35.00 37.00 40.00 42.00 42.00
Cost of Production : 655.01 759.31 870.50 985.60 1,089.10 1,205.83 1,308.19 1,422.80 1,510.11 1,510.11
Gross Profit Ratio 35.44% 32.63% 29.77% 27.10% 25.63% 23.54% 22.57% 21.04% 21.12% 21.12%
Selling & Administrative Expenses 75.94 86.06 100.24 111.38 120.66 129.94 139.22 148.50 157.78 157.78
Total : 75.94 86.06 100.24 111.38 120.66 129.94 139.22 148.50 157.78 157.78
Preliminary Expenditure W/off 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Cost of Sales 730.95 845.37 970.74 1,096.98 1,209.76 1,335.77 1,447.41 1,571.30 1,667.89 1,667.89
Profit Before Depreciation Interest & Tax 283.55 281.63 268.76 255.02 254.74 241.23 242.09 230.70 246.61 246.61
PBDIT Ratio 27.95% 24.99% 21.68% 18.86% 17.39% 15.30% 14.33% 12.80% 12.88% 12.88%
Interest on New Term Loan 12.85 19.49 16.51 13.53 10.55 7.57 4.59 1.61 0.00 0.00
Interest on ODIP 28.37 26.60 24.63 22.42 19.96 17.20 14.12 10.67 6.82 2.52
Working Capital 18.17 18.17 18.17 18.17 18.17 18.17 18.17 18.17 18.17 18.17
Interest on Car Loan I 15.79 21.46 18.56 15.38 11.91 8.11 3.94 0.32 0.00 0.00
Interest on Car Loan II 1.84 10.40 9.14 7.76 6.27 4.64 2.86 0.93 0.00 0.00
Others 9.84 3.12 0.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest 86.86 99.24 87.85 77.26 66.86 55.69 43.68 31.70 24.99 20.69
Profit Before Depreciation & Taxation 196.69 182.39 180.91 177.76 187.88 185.54 198.41 199.00 221.62 225.92
Depreciation 140.59 119.63 101.81 86.65 73.75 62.77 53.43 45.49 38.73 32.98
Profit Before Taxation 56.10 62.76 79.10 91.11 114.13 122.77 144.98 153.51 182.89 192.94
Provision for Taxation 14.03 15.69 19.77 22.78 28.53 30.69 36.24 38.38 45.72 48.24
Deferred tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit After Taxation 42.07 47.07 59.33 68.33 85.60 92.08 108.74 115.13 137.17 144.70
Net Profit Ratio 4.15% 4.18% 4.79% 5.05% 5.85% 5.84% 6.44% 6.39% 7.16% 7.56%
Dividend 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit After Taxation less Divd. 42.07 47.07 59.33 68.33 85.60 92.08 108.74 115.13 137.17 144.70
Depreciation 140.59 119.63 101.81 86.65 73.75 62.77 53.43 45.49 38.73 32.98
Preliminary Expenditure W/off 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
182.66 166.70 161.14 154.98 159.35 154.85 162.17 160.62 175.90 177.68
Less: Repayment of ODIP 14.96 16.73 18.70 20.91 23.37 26.13 29.21 32.66 36.51 40.94
Less: Repayment of New Term Loan 0.00 30.71 30.71 30.71 30.71 30.71 30.71 30.74 0.00 0.00
Less: Repayment of Car Loan I 19.01 30.75 33.65 36.83 40.30 44.11 48.27 17.08 0.00 0.00
Less: Repayment of Car Loan II 1.14 14.30 15.56 16.94 18.44 20.07 21.84 21.71 0.00 0.00
Net Cash Accrual 147.55 74.21 62.52 49.59 46.53 33.83 32.14 58.43 139.39 136.74
Cumulative Cash Accrual 147.55 221.76 284.28 333.87 380.40 414.23 446.37 504.80 644.19 583.11
REVENUE ANALYSIS
Financial Year 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29
No. of months of operation 12 12 12 12 12 12 12 12 12 12
Installed Capacity
Maximum Acievable service value In rupees lacs 2,250 2,250 2,250.00 2,250 2,250 2,250 2,250 2,250 2,250 2,250
Total Installed Capacity 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250
Capacity Utilisation 45% 50% 55% 60% 65% 70% 75% 80% 85% 85%
Rs. In Lacs
Sl. Particulars Land Building Plant & Misc. Total
No. Machinery Fixed
Electricals Assets
Rate of Depreciation 0.00% 10.00% 15.00% 15.00%
1. Land & Development 36.70 -- -- -- 36.70
2. Buildings -- 26.74 -- -- 26.74
3. Plant & Machinery -- -- 980.22 -- 980.22
4 Misc.Fixed Assets -- -- -- 1.20 1.20
5 Pre-operative Exp. Allocated -- -- -- -- --
6 Contingencies -- -- -- -- --
Total 36.70 26.74 980.22 1.20 1044.86
Less: Sold during the 19-20 0.00 0.00 62.00 0.00 62.00
Rs.in Lacs
Sl. Particulars Stocking Margin 1 2 3 4 5 6 7 8 9 10
No. Period % 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29
Days No. of Days of operation 300 Days
1 Raw materials
Repairing Material 120 25% 152.08 196.74 224.19 258.84 286.65 322.20 349.02 384.12 403.25 393.98
Total : 152.08 196.74 224.19 258.84 286.65 322.20 349.02 384.12 403.25 393.98
2 Consumables 30 25% 1.01 1.13 1.24 1.35 1.46 1.58 1.69 1.80 1.91 1.91
Sundry Debtor
a. Domestic Debtors 30 25% 101.25 112.50 123.75 135.00 146.25 157.50 168.75 180.00 191.25 191.25
b Export Debtor 0 10% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Total Receivables 101.25 112.50 123.75 135.00 146.25 157.50 168.75 180.00 191.25 191.25
5 Sundry Creditors
Material & Consumables 25 0% 31.68 40.99 46.71 53.92 59.72 67.12 72.71 80.03 84.01 82.08
Total Creditors 31.68 40.99 46.71 53.92 59.72 67.12 72.71 80.03 84.01 82.08
Working Capital Required 222.66 269.38 302.47 341.26 374.65 414.15 446.75 485.90 512.40 505.06
Working Capital Loan Assesed 173.00 219.00 245.00 276.00 303.00 334.00 360.00 391.00 413.00 407.00
Margin money 49.66 50.38 57.47 65.26 71.65 80.15 86.75 94.90 99.40 98.06
CASH CREDIT FACILITY SANCTIONED 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00
DEBT SERVICE COVERAGE RATIO
Rs. in Lacs
Sl. 1 2 3 4 5 6 7 8 9 10
No. PARTICULARS 31-03-2020 31-03-2021 31-03-2022 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027 31-03-2028 31-03-2029
1 Profit after Tax 42.07 47.07 59.33 68.33 85.60 92.08 108.74 115.13 137.17 144.70
2 Preliminary Exp. Written Off 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Deprecation 140.59 119.63 101.81 86.65 73.75 62.77 53.43 45.49 38.73 32.98
A Total Generation of Fund 241.51 244.65 229.98 214.07 208.04 192.37 187.68 174.15 182.72 180.20
B Total Obligation of Fund 93.96 170.44 167.46 164.48 161.51 158.54 155.54 115.71 43.33 43.45
C DSCR 2.57 1.44 1.37 1.30 1.29 1.21 1.21 1.51 4.22 4.15
RATIOS
Particulars Preceding 2 Years Last Year Last Year Current Following Following Following Following Following Following Following Following Following Following
Actual Estimated Actual Year Year Year Year Year Year Year Year Year Year Year
0 Provisional Estimated Projection Projection Projection Projection Projection Projection Projection Projection Projection
31-03-2016 31-03-2017 31-03-2018 31-03-2018 31-03-2019 31-03-2020 31-03-202131-03-202231-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027 31-03-2028 31-03-2029
1) Operating Profit Margin 15.98 14.94 #DIV/0! 14.30 18.13 13.92 14.22 13.33 12.32 12.24 11.20 11.06 10.18 10.76 11.07
2) Return on Capital
Employed (ROCE) 15.28 11.77 #DIV/0! 14.57 15.96 9.56 12.73 14.15 15.13 17.25 17.74 18.81 16.99 17.63 16.04
3) Current Ratio 1.15 1.21 #DIV/0! 1.27 1.62 1.33 1.40 1.46 1.45 1.48 1.51 1.68 2.19 2.31 2.74
4) Debt Equity Ratio (TOL/TNW) 3.10 2.50 #DIV/0! 1.88 1.58 2.73 2.30 1.85 1.47 1.13 0.83 0.57 0.40 0.33 0.26
Debt Equity Ratio (TTL/TNW) 1.24 0.94 #DIV/0! 0.80 0.92 1.92 1.54 1.18 0.84 0.55 0.30 0.14 0.08 0.03 0.03
5) Debtors Collection
Ratio (days) 142 152 #DIV/0! 95 79 69 62 51 45 41 41 43 43 44 52
6) RM Holding Period
(days) 0 0 #DIV/0! 0 0 0 0 0 0 0 0 0 0 0 0
7) Finished Goods Holding
Period (days) 174 202 #DIV/0! 96 108 71 77 80 84 86 89 90 92 93 93
8) Inventory Holding
Period (days) 307 421 #DIV/0! 164 236 143 146 146 146 146 146 146 146 146 146
9) Creditors Payment
Period (days) 110 91 #DIV/0! 32 29 25 25 25 25 25 25 25 25 25 25
10) Cash Flow Interest
Coverage 2.16 3.28 7.37 2.23 2.31 2.60 2.82 3.04 3.15 3.30 2.64 6.40 5.51
11) Cash Flow DSCR 1.36 2.05 4.83 0.88 1.03 1.11 1.19 1.13 0.99 0.83 0.63 2.60 1.85
12) Indirect Cost 0.42 0.41 #DIV/0! 0.20 0.24 0.30 0.27 0.23 0.20 0.18 0.16 0.14 0.13 0.12 0.11
Note: In case of Term Loan, the above Operating Statement and Ratio Analysis are to be furnished for the entire period of the loan.
BALANCE SHEET ANALYSIS
LIABILITIES Preceding 2 Years Last Year Last Year Current Following Following Following Following Following Following Following Following Following Following
Actual Estimated Actual Year Year Year Year Year Year Year Year Year Year Year
0 Provisional Estimated Projection Projection Projection Projection Projection Projection Projection Projection Projection
31-03-2016 31-03-2017 31-03-2018 31-03-2018 31-03-2019 31-03-2020 31-03-202131-03-202231-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027 31-03-2028 31-03-2029
CURRENT LIABILITIES
1) S/T Bank Borrowings [CC, BP, BD & excess
borrowings placed on repayment basis]
From Bank of Baroda 0.00 0.00 0.00 0.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00
From Other Banks 197.59 197.32 197.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2) SUB-TOTAL 197.59 197.32 0.00 197.47 0.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00
3) S/T Borrowings from Associates & Group Concerns 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 0.00
4) Short Term Borrowings from others 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 0.00
5) Deposits (maturing in 1 year) 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 0.00
6) Advances / Payments from Customers / Deposits
from Dealers 0.00 10.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7) Statutory Liabilities (due within 1 year) 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 0.00
8) Instalments of Term Loan / DPC / Debentures / PSC
(due in 1 year) 24.37 24.37 72.40 132.67 124.26 117.35 105.39 112.82 121.02 130.03 102.19 36.51 40.94 0.00
9) Other Current Liabilities & Provisions 38.28 34.38 26.14 77.93 31.22 29.66 29.66 29.66 28.18 26.77 25.43 24.16 22.95 24.16
10)SUB-TOTAL (sum 3 to 9) 62.65 69.10 0.00 98.54 210.60 155.48 147.01 135.05 142.48 149.20 156.80 127.62 60.67 63.89 24.16
11)Sundry Creditors (Trade) 46.06 34.66 29.43 21.71 26.04 33.69 38.39 44.32 49.08 55.17 59.76 65.77 69.05 67.46
12)Interest Accrued but not due 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 0.00
13)Provision for Tax 0.00 0.00 0.00 0.00 14.03 15.69 19.77 22.78 28.53 30.69 36.24 38.38 45.72 48.24
14)Provision for Dividend 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 0.00
15)TOTAL CURRENT LIABILITIES 306.30 301.08 0.00 325.44 232.31 335.55 336.39 333.21 349.58 366.81 382.66 363.62 304.82 318.66 279.86
16)Debentures (not maturing in 1 year) 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 0.00
17)Redeemable Preference Share Capital (maturing
after 1 year but before 12 years) 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 0.00
18)Term Loan (repayable after 1 year) from Bank 93.00 68.63 28.05 245.16 747.52 648.90 543.51 430.69 309.67 179.64 77.45 40.94 0.00 0.00
19)Term Loan (repayable after 1 year) from FIs 12.79 73.84 0.00 179.65 40.26 18.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
20)Borrowings from Group Companies, Directors,
Friends, Relatives [Quasi Equity] 37.64 37.65 35.72 37.65 37.65 37.65 37.65 37.65 37.65 37.65 37.65 37.65 37.65 37.65
21)Deferred Payment Credit 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 0.00
22)Deferred Tax Liability 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 0.00
23)Dealer's Deposit 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 0.00
24)Term Deposits (repayable after 1 year) 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 0.00
25)Unsecured Loans [Quasi Equity] 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 0.00
26)Other Long Term Loans / Term Liabilities 60.47 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
27)TOTAL TERM LIABILITIES (sum 16 to 26) 203.90 180.12 0.00 243.42 323.07 803.90 686.55 581.16 468.34 347.32 217.29 115.10 78.59 37.65 37.65
NETWORTH:
28)Equity Share Capital (Paid-up) 139.02 167.11 241.34 248.94 375.61 397.68 434.75 489.08 547.42 633.02 725.10 833.83 948.96 1086.13
29)Share Application (finalised for Allotment) 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 0.00
30)Preference Share Capital (maturing after 12 years) 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 0.00
31)General Reserve 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 0.00
32)Revaluation Reserve 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 0.00
33)Dev'ment Rebate Reserve/Investment Allowance 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 0.00
34)Other Reserves (excluding provision) 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 0.00 0.00
Share Premium 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 0.00
Capital Subsidy 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 0.00
Others 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 0.00
35)Surplus (+) or (-) in P/L A/c 25.70 25.14 61.78 101.67 42.07 47.07 59.33 68.33 85.60 92.08 108.74 115.13 137.17 144.70
36)NETWORTH (sum 28 to 35) 164.72 192.25 0.00 303.12 350.61 417.68 444.75 494.08 557.42 633.02 725.10 833.83 948.96 1086.13 1230.83
37)TOTAL LIABILITIES (15+27+36) 674.92 673.45 0.00 871.98 905.99 1557.13 1467.69 1408.45 1375.34 1347.16 1325.05 1312.56 1332.38 1442.44 1548.35
ASSETS Preceding 2 Years Last Year Last Year Current Following Following Following Following Following Following Following Following Following Following
Actual Estimated Actual Year Year Year Year Year Year Year Year Year Year Year
0 Provisional Estimated Projection Projection Projection Projection Projection Projection Projection Projection Projection
31-03-2016 31-03-2017 31-03-2018 31-03-2018 31-03-2019 31-03-2020 31-03-202131-03-202231-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027 31-03-2028 31-03-2029
CURRENT ASSETS
38)Receivables (up to 180 days) other than deferred
and export less bills negotiated under LC 192.35 184.59 186.41 176.42 191.25 192.50 173.75 165.00 166.25 177.50 198.75 210.00 231.25 271.25
39)Export Receivables 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 0.00
40)TOTAL DEBTORS (38+39) 192.35 184.59 0.00 186.41 176.42 191.25 192.50 173.75 165.00 166.25 177.50 198.75 210.00 231.25 271.25
41)Raw Material - Imported 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 0.00
42)Raw Material - Indigenous 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 0.00
43)Work-in-Process 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 0.00
44)Finished Goods (incl Traded Goods) 138.56 148.40 148.56 165.46 153.90 184.50 212.85 245.70 274.95 308.70 337.50 370.80 393.98 393.98
45)Stores & Spares - Imported 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 0.00
46)Stores & Spares - Indigenous 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 0.00
47)TOTAL INVENTORIES (sum 41 to 46) 138.56 148.40 0.00 148.56 165.46 153.90 184.50 212.85 245.70 274.95 308.70 337.50 370.80 393.98 393.98
48)Investments (other than long term investments e.g.
Sinking Fund, Gratuity Fund etc.)
a) Govt. & other trustee securities 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 0.00
b) FDs in Bank 0.64 0.40 0.40 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.10
c) Others 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 0.00
49)Interest accrued and due and Instalments of
deferred receivables (due within 1 year) 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 0.00
50)Advances to Suppliers of Raw Material / Spares /
Stores consumables 0.00 0.00 55.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
51)Other Current Assets 13.61 15.16 2.01 2.20 30.00 32.00 34.00 36.00 38.00 40.00 25.00 26.00 27.00 28.00
52)SUB-TOTAL:OTHER CURRENT ASSETS
(EXCLUDING CASH & BANK BALANCE)
(sum 48 to 52) 14.25 15.56 0.00 58.05 7.30 35.10 37.10 39.10 41.10 43.10 45.10 30.10 31.10 32.10 33.10
53)Advance Tax Paid 5.28 5.24 7.91 8.17 14.03 15.69 19.77 22.78 28.53 30.69 36.24 38.38 45.72 48.24
54)Cash & Bank balance 1.46 9.79 11.64 19.64 51.20 40.69 42.07 30.63 31.70 16.54 8.75 17.72 34.54 20.08
55)TOTAL CURRENT ASSETS (40+47+52+53+54) 351.90 363.58 0.00 412.57 376.99 445.48 470.48 487.54 505.21 544.53 578.53 611.34 668.00 737.59 766.64
FIXED ASSETS
56)Gross Block excluding Revalued Assets 382.78 454.78 586.96 589.76 1285.64 1285.64 1285.64 1285.64 1285.64 1285.64 1285.64 1285.64 1285.64 1285.64
57)Revalued Assets 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 0.00
58)GROSS BLOCK (56+57) 382.78 454.78 0.00 586.96 589.76 1285.64 1285.64 1285.64 1285.64 1285.64 1285.64 1285.64 1285.64 1285.64 1285.64
59)Accumulated Depreciation 155.18 186.31 240.19 285.26 425.85 545.48 647.29 733.93 807.68 870.45 923.89 969.38 1008.11 1041.09
60)NET BLOCK (58-59) 227.60 268.47 0.00 346.77 304.50 859.79 740.16 638.35 551.71 477.96 415.19 361.75 316.26 277.53 244.55
61)Capital Work in Progress 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 0.00
62)NET FIXED ASSETS (60+61) 227.60 268.47 0.00 346.77 304.50 859.79 740.16 638.35 551.71 477.96 415.19 361.75 316.26 277.53 244.55
63)Investments/Book Debts/Advances/Deposits which
are not current assets 30.24 41.40 0.00 95.57 156.37 220.00 222.00 244.00 276.00 278.00 280.00 283.00 286.00 359.00 462.00
a) Investment in Group Concerns 30.24 41.40 31.57 36.73 40.00 42.00 44.00 46.00 48.00 50.00 53.00 56.00 59.00 62.00
b) Loan to Group Concerns / Advances to Subsidiaries 0.00 0.00 64.00 119.64 180.00 180.00 200.00 230.00 230.00 230.00 230.00 230.00 300.00 400.00
b) Others 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 0.00
OTHER NON-CURRENT ASSETS
64)Advances to suppliers of Capital Goods, Spares
Contractors for Capital expenses 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 0.00
65)Deferred Receivables maturing beyond 1 year 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 0.00
66)Deferred Tax Assets 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 0.00
67)Debtors > 6 mnths 0.00 0.00 0.00 39.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
68)Non-Consumable Spares 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 0.00
69)Others 65.18 0.00 17.07 28.96 31.86 35.05 38.56 42.42 46.66 51.33 56.46 62.11 68.32 75.15
(Loans & Advances non current in nature, ICD's etc)
70)Other Miscellaneous Assets including dues from
Directors 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 0.00
71)TOTAL NON-CURRENT ASSETS (sum 64 to 70) 65.18 0.00 0.00 17.07 68.13 31.86 35.05 38.56 42.42 46.66 51.33 56.46 62.11 68.32 75.15
72)Intangible Assets 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 0.00 0.00
Goodwill, Patents & Trademarks 0 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
Preliminary expenses, Misc expenditure not w/off 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 0.00
73)TOTAL ASSETS (55+62+63+71+72) 674.92 673.45 0.00 871.98 905.99 1557.13 1467.69 1408.45 1375.34 1347.16 1325.05 1312.56 1332.38 1442.44 1548.35
74)TANGIBLE NETWORTH (36-72) 164.72 192.25 0.00 303.12 350.61 417.68 444.75 494.08 557.42 633.02 725.10 833.83 948.96 1086.13 1230.83
75)NET WORKING CAPITAL (55-15) 45.60 62.50 0.00 87.13 144.68 109.93 134.09 154.33 155.63 177.72 195.87 247.72 363.18 418.93 486.78
76)TOTAL OUTSIDE LIABILITIES (15+27) 510.20 481.20 0.00 568.86 555.38 1139.45 1022.94 914.37 817.92 714.13 599.95 478.72 383.41 356.31 317.51
B/S difference 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
LIST OF CONTINGENT LIABILITIES Preceding 2 Years Last Year Last Year
Actual Estimated Actual
0
31-03-2016 31-03-2017 31-03-2018
1) Arrears of cumulative dividends 0.00 0.00 0.00 0.00
2) Guarantee issued (relating to business) 0.00 0.00 0.00 0.00
3) Guarantee issued (for group companies) 0.00 0.00 0.00 0.00
4) Gratuity Liability not provided for 0.00 0.00 0.00 0.00
5) Disputed excise / customs / tax liabilities 0.00 0.00 0.00 0.00
6) LCs 0.00 0.00 0.00 0.00
7) All other contingent liabilities (incl BP - under LC) 0.00 0.00 0.00 0.00
8) Installments of Term Loans / deferred payment credits
/ Debentures / deposits (due within one year) 0.00 0.00 0.00 0.00
Operating Outflows
Cost of Sales (less depreciation) 237.03 508.39 514.71 655.01 759.31 870.50 985.60 1089.10 1205.83 1308.19 1422.80 1510.11 1510.11 0.00
Selling, General & Administrative Expenses 109.78 51.29 107.98 75.94 86.06 100.24 111.38 120.66 129.94 139.22 148.50 157.78 157.78 0.00
Increase / (Decrease) in total Inventory 9.84 0.16 16.90 -11.56 30.60 28.35 32.85 29.25 33.75 28.80 33.30 23.18 0.00 -393.98
Increase / (Decrease) in Other Current Assets excluding Cash & Bank
balances 1.31 42.49 -50.75 27.80 2.00 2.00 2.00 2.00 2.00 -15.00 1.00 1.00 1.00 -33.10
(Increase) / Decrease in Other Current Liabilities excluding Bank
Borrowings -6.45 -29.44 -112.06 55.12 8.47 11.96 -7.43 -6.72 -7.60 29.18 66.95 -3.22 39.73 24.16
(Increase) / Decrease in Creditors 11.40 5.23 7.72 -4.33 -7.65 -4.70 -5.93 -4.76 -6.09 -4.59 -6.01 -3.28 1.59 67.46
Taxes Paid -0.04 2.67 0.26 5.86 15.69 19.77 22.78 28.53 30.69 36.24 38.38 45.72 48.24 0.00
Net Operating Outflows 362.87 580.79 484.76 803.84 894.48 1028.12 1141.25 1258.06 1388.52 1522.04 1704.92 1731.29 1758.45 -335.45
Net Operating Cash Flow (A-B)= 89.20 133.34 340.88 193.83 229.27 228.13 217.50 203.19 175.23 144.21 83.83 159.96 114.05 606.70
NET SURPLUS / DEFICIT (C+D 34.30 26.84 267.25 -6.77 31.56 48.45 47.89 69.41 70.44 84.29 117.71 131.95 122.70 20.07
Opening Cash & Bank Balance (G) 1.46 9.79 11.64 19.64 51.20 40.69 42.07 30.63 31.70 16.54 8.75 17.72 34.54 20.08
Closing Cash & Bank Balance (H) 9.79 11.64 19.64 51.20 40.69 42.07 30.63 31.70 16.54 8.75 17.72 34.54 20.08 0.00
Opening Bank Borrowings or Cash Credit (I) 197.59 197.32 197.47 0.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00 140.00
Closing bank Borrowings or Cash Credit (I+H-F-G)=(J) 171.62 172.33 -61.78 38.33 97.93 92.93 80.67 71.67 54.40 47.92 31.26 24.87 2.83 99.85
Note: In case of Term Loan, the above Cash Flow Analysis is to be furnished for the period of the loan
DSCR CALCULATION
Particulars
YEAR 31-03-2017 31-03-2018 31-03-2019 31-03-2020 31-03-2021 31-03-202231-03-202331-03-2024 31-03-2025 31-03-2026 31-03-2027 31-03-2028 31-03-2029 0
Profit after Tax 25.14 61.78 101.67 42.07 47.07 59.33 68.33 85.60 92.08 108.74 115.13 137.17 144.70 0.00
Depreciation 31.13 53.88 45.07 140.59 119.63 101.81 86.65 73.75 62.77 53.43 45.49 38.73 32.98 0.00
Preliminary Expenses Written Off 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 0.00
Interest on Term Loan 15.78 15.09 2.12 68.69 81.07 69.68 59.09 48.69 37.52 25.51 13.53 6.82 2.52 0.00
Total Fund Generated 72.05 130.75 148.86 251.35 247.77 230.82 214.07 208.04 192.37 187.68 174.15 182.72 180.20 0.00
Interest on Term Loan 15.78 15.09 2.12 68.69 81.07 69.68 59.09 48.69 37.52 25.51 13.53 6.82 2.52 0.00
Instalment of Term Loan 24.37 24.37 24.37 132.67 124.26 117.35 105.39 112.82 121.02 130.03 102.19 36.51 40.94 0.00
Total Repayment Obligation 40.15 39.46 26.49 201.36 205.33 187.03 164.48 161.51 158.54 155.54 115.72 43.33 43.46 0.00
DSCR 1.79 3.31 5.62 1.25 1.21 1.23 1.30 1.29 1.21 1.21 1.50 4.22 4.15 #DIV/0!
Average DSCR 1.52
FUND FLOW STATEMENT
PARTICULARS
YEAR 31-03-2017 31-03-2018 31-03-2019 31-03-2020 31-03-2021 31-03-202231-03-202331-03-2024 31-03-2025 31-03-2026 31-03-2027 31-03-2028 31-03-2029 0
SOURCES:
Profit before Tax 25.14 61.78 101.67 56.10 62.76 79.10 91.11 114.13 122.77 144.98 153.51 182.89 192.94 0.00
Add: Depreciation 31.13 53.88 45.07 140.59 119.63 101.81 86.65 73.75 62.77 53.43 45.49 38.73 32.98 0.00
Add: Investment Allowance 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 0.00
Gross Fund generated 56.27 115.66 146.74 196.69 182.39 180.91 177.76 187.88 185.54 198.41 199.00 221.62 225.92 0.00
Less: Taxes Paid / Payable 0.00 0.00 0.00 14.03 15.69 19.77 22.78 28.53 30.69 36.24 38.38 45.72 48.24 0.00
Less: Dividend & others Paid / Payable 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 0.00
Add: Preliminary Expenses 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 0.00
A. Sub-total: Net Fund Generated 56.27 115.66 146.74 182.66 166.70 161.14 154.98 159.35 154.85 162.17 160.62 175.90 177.68 0.00
Increase in:
a) Capital 28.09 74.23 7.60 126.67 22.07 37.07 54.33 58.33 85.60 92.08 108.74 115.13 137.17 0.00
b) TL / Debenture / Def. Payment 36.68 65.23 77.72 480.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c) Public Deposit 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 0.00
d) Other Term Liabilities 0.00 0.00 1.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Decrease in:
a) Fixed Assets 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 1285.64
b) Inter Corporate Investment & Advances 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 462.00
c) Other Non-Current Assets 65.18 0.00 0.00 36.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 75.15
B. Sub-total 129.95 139.46 87.25 643.77 22.07 37.07 54.33 58.33 85.60 92.08 108.74 115.13 137.17 1822.79
Increase in Short Term Bank Borrowings 0.00 0.15 0.00 140.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase in Other Current Liabilities 0.00 24.21 104.34 0.00 0.84 0.00 16.37 17.23 15.85 0.00 0.00 13.84 0.00 0.00
Decrease in Inventories 0.00 0.00 0.00 11.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 393.98
Decrease in Receivables 7.76 0.00 9.99 0.00 0.00 18.75 8.75 0.00 0.00 0.00 0.00 0.00 0.00 271.25
Decrease in Other Current Assets 0.00 0.00 42.49 0.00 6.85 0.00 6.43 0.00 11.00 17.24 0.00 0.00 10.95 101.42
C. Sub-total 7.76 24.36 156.82 151.56 7.69 18.75 31.55 17.23 26.85 17.24 0.00 13.84 10.95 766.64
Total Fund Available (A+B+C) 193.98 279.48 390.81 977.99 196.46 216.96 240.86 234.92 267.30 271.49 269.36 304.86 325.80 2589.43
USES:
Increase in Fixed Assets 72.00 132.18 2.80 695.88 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Decrease in:
a) TL / Debenture / Def. Payment 0.00 0.00 0.00 0.00 117.35 105.39 112.82 121.02 130.03 102.19 36.51 40.94 0.00 0.00
b) Public Deposit 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 0.00
c) Capital 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 1086.13
d) Other Term Liabilities 60.46 1.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 37.65
Increase in Inter Corporate Investment & Advances 11.16 54.17 60.80 63.63 2.00 22.00 32.00 2.00 2.00 3.00 3.00 73.00 103.00 0.00
Increase in Other Non-Current Assets 0.00 17.07 51.06 0.00 3.19 3.51 3.86 4.24 4.67 5.13 5.65 6.21 6.83 0.00
D. Sub-total 143.62 205.35 114.66 759.51 122.54 130.90 148.68 127.26 136.70 110.32 45.16 120.15 109.83 1123.78
Decrease in Short Term bank Borrowings 0.27 0.00 197.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 140.00
Decrease in Other Current Liabilities 4.95 0.00 0.00 36.76 0.00 3.18 0.00 0.00 0.00 19.04 58.80 0.00 38.80 139.86
Increase in Inventories 9.84 0.16 16.90 0.00 30.60 28.35 32.85 29.25 33.75 28.80 33.30 23.18 0.00 0.00
Increase in Receivable 0.00 1.82 0.00 14.83 1.25 0.00 0.00 1.25 11.25 21.25 11.25 21.25 40.00 0.00
Increase in Other Current Assets 9.60 47.01 0.00 65.22 0.00 7.46 0.00 8.82 0.00 0.00 12.11 25.16 0.00 0.00
E. Sub-total 24.66 48.99 214.37 116.81 31.85 38.99 32.85 39.32 45.00 69.09 115.46 69.59 78.80 279.86
Loss 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 0.00
Less: Investment Allowance 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 0.00
Less: Depreciation 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 0.00
Less: Preliminary Expenses 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 0.00
Balance: Gross Funds Lost (-) or generated (+) 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 0.00
Add: Taxes Paid / Payable 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 0.00
Add: Dividends & others Paid / Payable 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 0.00
F. Sub-total 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 0.00
G. Net Funds Lost (if F is negative) 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 0.00
Total Funds Used (D+E+G) 168.28 254.34 329.03 876.32 154.39 169.89 181.53 166.58 181.70 179.41 160.62 189.74 188.63 1403.64
SUMMARY:
Long Term Sources (A+B+F, if F is positive) 186.22 255.12 233.99 826.43 188.78 198.21 209.31 217.68 240.45 254.25 269.36 291.03 314.85 1822.79
Less: Long Term Uses (D+G) 143.62 205.35 114.66 759.51 122.54 130.90 148.68 127.26 136.70 110.32 45.16 120.15 109.83 1123.78
Surplus (+) / Shortfall (-) 42.60 49.77 119.33 66.92 66.24 67.31 60.63 90.42 103.75 143.93 224.20 170.88 205.02 699.01
Short Term Sources (C) 7.76 24.36 156.82 151.56 7.69 18.75 31.55 17.23 26.85 17.24 0.00 13.84 10.95 766.64
Less: Short Term Uses (E) 24.66 48.99 214.37 116.81 31.85 38.99 32.85 39.32 45.00 69.09 115.46 69.59 78.80 279.86
Surplus (+) / Shortfall (-) -16.90 -24.63 -57.55 34.75 -24.16 -20.24 -1.30 -22.09 -18.15 -51.85 -115.46 -55.75 -67.85 486.78
FINANCIAL VIABILITY OF THE PROJECT (INTERNAL RATE OF RETURN)
YEAR 31-03-2019 31-03-2020 31-03-2021 31-03-2022 31-03-2023 31-03-202431-03-202531-03-2026 31-03-2027 31-03-2028 31-03-2029 0
Project cost (outflow) 114.65 721.24 3.19 23.51 33.86 4.24 4.67 6.13 6.65 77.21 107.83 0.00
Cash Inflow 340.88 193.83 229.27 228.13 217.50 203.19 175.23 144.21 83.83 159.96 114.05 0.00
Net Cash Receipt 226.23 -527.41 226.08 204.62 183.64 198.95 170.56 138.08 77.18 82.75 6.22 0.00
IRR Err:523
Net Working Capital [Total Current Asset - Total Current Liability] 87.13 144.68
Less: Margin (5% of sales or actual NWC whichever is higher) 87.13 144.68
Less: Margin (25% of Working Capital Gap or NWC whichever is higher) 87.13 144.68
1012.50
109.93
253.13
109.93
143.20
445.48
195.55
249.93
109.93
140.00
STRESS TESTING:
0.00
DSCR
PAT 0.98 1.67 8.77 13.01 24.55 26.54
Depreciation 140.59 119.63 101.81 86.65 73.75 62.77
Preliminary Expenses W/O 0.00 0.00 0.00 0.00 0.00 0.00
Interest on Term Loan 68.69 81.07 69.68 59.09 48.69 37.52
Total Fund Generated 210.26 202.36 180.26 158.75 146.98 126.84
Interest on Term Loan 68.69 81.07 69.68 59.09 48.69 37.52
Installment of Term Loan 132.67 124.26 117.35 105.39 112.82 121.02
Total repayment obligation 201.36 205.33 187.03 164.48 161.51 158.54
DSCR 1.04 0.99 0.96 0.97 0.91 0.80
Average DSCR 1.00
Case 2: when RM, Power & Fuel and Direct Labour increase by 5.00 %
when selling & general expenses increase by %
DSCR
PAT 12.84 13.79 20.94 25.10 36.93 38.79
Depreciation 140.59 119.63 101.81 86.65 73.75 62.77
Preliminary Expenses W/O 0.00 0.00 0.00 0.00 0.00 0.00
Interest on Term Loan 68.69 81.07 69.68 59.09 48.69 37.52
Total Fund Generated 222.11 214.49 192.43 170.83 159.37 139.08
Interest on Term Loan 68.69 81.07 69.68 59.09 48.69 37.52
Installment of Term Loan 132.67 124.26 117.35 105.39 112.82 121.02
Total repayment obligation 201.36 205.33 187.03 164.48 161.51 158.54
DSCR 1.10 1.04 1.03 1.04 0.99 0.88
Average DSCR 1.09
PIONEER ELECTRICALS
Durgapur Industrial Estate, Nasser Avenue
Durgapur - 713212, Dist. Burdwan. W.B.
Unsecured Loan
109.36
9.84
Loan
Loan Balance
Loan Balance as as on
Balance as on 31.03.20
on 31.03.2021 31.03.2022 23
- - -
745,463.00 -
543,586.00 -
191,777.00 -
191,777.00 -
- -
- -
- -
- -
- -
- -
- -
- -
1,672,603.00 - -1,082,257.00
- 528,979.00
- 727,093.00
200,000.00 - 435,100.00
200,000.00 0
1,872,603.00 - -
18.73 - -
31.77 18.73 -
34.62 9.37 -
3.12 0.84 -
STRESS TESTING:
Particulars 31-03-2020 31-03-2021 31-03-2022 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027 31-03-2028 31-03-2029
NET SALES 908.44 1015.31 1175.63 1282.50 1389.38 1496.25 1603.13 1710.00 1816.88 1816.88
COST OF SALES 655.53 762.85 920.00 1019.35 1118.35 1221.58 1308.19 1440.80 1529.23 1529.23
Selling & general expenses 71.72 81.76 100.24 111.38 120.66 129.94 139.22 148.50 157.78 157.78
Misc expenses & Prel. Exp W/O 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
OPBDIT 181.19 170.70 155.39 151.77 150.37 144.73 155.72 120.70 129.87 129.87
Interest cost: of which 71.51 70.94 62.10 54.78 48.89 43.15 37.09 30.66 25.20 20.90
Interest on W/C 18.38 18.38 18.38 18.38 18.38 18.38 18.38 18.38 18.38 18.38
Interest on T/L 53.13 52.56 43.72 36.40 30.51 24.77 18.71 12.28 6.82 2.52
Depreciation 80.27 68.36 58.23 49.60 42.26 36.01 30.68 26.15 22.29 19.01
OPBT 29.41 31.40 35.06 47.39 59.22 65.57 87.94 63.89 82.37 89.96
Other net income/expense 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00
PBT 27.41 29.40 33.06 45.39 57.22 63.57 85.94 61.89 80.37 87.96
Prov. For Dev Rebate/Inv. Allowance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Prov. For Tax 9.23 9.90 11.13 15.28 19.26 21.41 28.94 20.84 27.06 29.62
PAT 18.18 19.50 21.93 30.11 37.95 42.17 57.00 41.05 53.31 58.34
DSCR
PAT 18.18 19.50 21.93 30.11 37.95 42.17 57.00 41.05 53.31 58.34
Depreciation 140.59 119.63 101.81 86.65 73.75 62.77 53.43 45.49 38.73 32.98
Preliminary Expenses W/O 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest on Term Loan 41.22 46.09 41.14 35.95 30.51 24.77 18.71 12.28 6.82 2.52
Total Fund Generated 199.99 185.22 164.88 152.70 142.21 129.71 129.15 98.82 98.86 93.84
Interest on Term Loan 41.22 46.09 41.14 35.95 30.51 24.77 18.71 12.28 6.82 2.52
Installment of Term Loan 14.96 47.44 49.41 51.62 54.08 56.84 59.92 63.39 36.51 40.93
Total repayment obligation 56.18 93.53 90.55 87.57 84.59 81.61 78.63 75.67 43.33 43.45
DSCR 3.56 1.98 1.82 1.74 1.68 1.59 1.64 1.31 2.28 2.16
Average DSCR 1.90
Case 2: when RM, Power & Fuel and Direct Labour increase by 5.00 %
when selling & general expenses increase by %
Particulars 31-03-2020 31-03-2021 31-03-2022 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027 31-03-2028 31-03-2029
NET SALES 956.25 1068.75 1237.50 1350.00 1462.50 1575.00 1687.50 1800.00 1912.50 1912.50
COST OF SALES 688.31 800.99 966.00 1070.32 1174.27 1282.66 1373.60 1512.84 1605.69 1605.69
Selling & general expenses 71.72 81.76 100.24 111.38 120.66 129.94 139.22 148.50 157.78 157.78
Misc expenses & Prel. Exp W/O 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
OPBDIT 196.22 186.00 171.26 168.30 167.57 162.40 174.68 138.66 149.03 149.03
Interest cost: of which 71.51 70.94 62.10 54.78 48.89 43.15 37.09 30.66 25.20 20.90
Interest on W/C 18.38 18.38 18.38 18.38 18.38 18.38 18.38 18.38 18.38 18.38
Interest on T/L 53.13 52.56 43.72 36.40 30.51 24.77 18.71 12.28 6.82 2.52
Depreciation 80.27 68.36 58.23 49.60 42.26 36.01 30.68 26.15 22.29 19.01
OPBT 44.45 46.69 50.93 63.92 76.42 83.24 106.91 81.85 101.53 109.12
Other net income/expense 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00
PBT 42.45 44.69 48.93 61.92 74.42 81.24 104.91 79.85 99.53 107.12
Prov. For Dev Rebate/Inv. Allowance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Prov. For Tax 14.29 15.05 16.48 20.85 25.06 27.35 35.32 26.88 33.51 36.07
PAT 28.15 29.64 32.46 41.07 49.37 53.89 69.58 52.96 66.02 71.05
DSCR
PAT 28.15 29.64 32.46 41.07 49.37 53.89 69.58 52.96 66.02 71.05
Depreciation 140.59 119.63 101.81 86.65 73.75 62.77 53.43 45.49 38.73 32.98
Preliminary Expenses W/O 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest on Term Loan 41.22 46.09 41.14 35.95 30.51 24.77 18.71 12.28 6.82 2.52
Total Fund Generated 209.96 195.37 175.41 163.67 153.62 141.43 141.73 110.73 111.57 106.55
Interest on Term Loan 41.22 46.09 41.14 35.95 30.51 24.77 18.71 12.28 6.82 2.52
Installment of Term Loan 14.96 47.44 49.41 51.62 54.08 56.84 59.92 63.39 36.51 40.93
Total repayment obligation 56.18 93.53 90.55 87.57 84.59 81.61 78.63 75.67 43.33 43.45
DSCR 3.74 2.09 1.94 1.87 1.82 1.73 1.80 1.46 2.57 2.45
Average DSCR 2.05