CMA

Write the name of the applicant. Even if you write the name in lowercase, it will be automatically
copied to all other sheets in UPPERCASE only.

È
Name: MOHAMMAD ANSAS RAHMANI, RUIDHASA, KHANKA ROAD, KISHANGANJ, BIHAR - 855108

CONTENTS

1 Form-I Particulars of Limites & Information about Associate Companies

2 Form-II Operating Statement

3 Form-III Analysis of Balance Sheet - Liabilities

4 Form-III Analysis of Balance Sheet - Assets

5 Form-IV Comparative Statement of Current Assets & Current Liabilities

6 Form-V Maximum Permissible Bank Finance for Working Capital

7 Form-VI Funds Flow Statement

8 Summary of Financial Statements for Ratio Analysis

9 Ratio Analysis

10 Statement of Changes in Working Capital

11 Cross Check for errors, if any

12 Charts
 CMA
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 Assessment of Working Capital Requirements Values in Rupees

FORM - I
Particulars of Existing / Proposed Limits from the Banking System
(Limits from all Banks and Financial Institutions as on date of application)
Name: MOHAMMAD ANSAS RAHMANI, RUIDHASA, KHANKA ROAD, KISHANGANJ, BIHAR - 855108

Extent to which Limits were Balance outstanding as on Limits now requested

Sr. No. Name of Bank / Financial Institution Nature of Facility Existing Limits
utilised during last 12 months
31-Mar-18 2018-19
Maximum Minimum
A. Working Capital Limits:

1 Fund based
Cash Credit 1,500,000.00 1,500,000.00 - 1,162,950.04 1,500,000.00

2 Non-fund based Letter of Credit - - - - -

- - - -
B. Term Loan -
Term Loans/DPGS excluding Working Capital Loans

Total: - 1,500,000.00 1,500,000.00 - 1,162,950.04 1,500,000.00

Information about Associate Companies

(Companies / Firms / Concerns in which Directors / Partners / Proprietor and / or their family members or the brorower Company is / are asssociated with the other Unit as Directors /
Partners / Proprietor or has / have furnishted guarantees).
Name: MOHAMMAD ANSAS RAHMANI, RUIDHASA, KHANKA ROAD, KISHANGANJ, BIHAR - 855108
Limits from all Banks and financial institutions
Annual makeup of A/c
Working Capital
Sr. No. Name of the Associate Company & Activity Name of Bank / Financial Overdues, if any
Term Loan & DPG
Date of Balance Sheet Institution Fund based Non-fund based

1 - - - -

2 - - - -

3 - - - -

- - - -
Page 4of 19 Assessment of Working Capital Requirements Values in Rupees

FORM II : OPERATING STATEMENT

Name:
Current Year
Following years Projected
Actuals
Sr. No. Particulars
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4
A Quantities:
i Raw Material Consumption - - - -
ii Sales - -
iii Rejects and Scraps - - - -

1 Gross Income
a Sales (net of returns)
i Domestic Sales & Construction Contracts Receipts 1,853,254.00 4,568,520.00 5,718,555.00 6,785,130.00
ii Export Sales - - - -
T1 Sub-total [ a(i+ii) ] 1,853,254.00 4,568,520.00 5,718,555.00 6,785,130.00
iii Less: Excise Duty - - - -
T2 Net Sales [ T1-iii ] 1,853,254.00 4,568,520.00 5,718,555.00 6,785,130.00
iv % rise or fall in sales turnover [compared to previous year] - 146.51% 25.17% 18.65%
b Other Income
i Interest Income - 11,252.00 23,585.00 24,878.00
ii Discount Received - - - -
iii Round off - - - -
T3 Total Other income [ b(i to iv) ] - 11,252.00 23,585.00 24,878.00

T4 Total Gross Income [ T2+T3 ] 1,853,254.00 4,579,772.00 5,742,140.00 6,810,008.00

2 Cost of Production & Cost of Sales

a Raw Materials [Including Stores and other
items used in the process of manufacture/Trading)
i Imported - - - -
ii Indegenous 1,305,920.00 2,957,890.00 3,848,889.00 4,195,969.00
T5 sub-total [ a(i+ii) ] 1,305,920.00 2,957,890.00 3,848,889.00 4,195,969.00
b Other Consumable Spares and Direct Expenses
i Imported - - - -
ii Indegeneous - 458,563.00 555,263.00 678,985.00
T6 sub-total [ b(i+ii) ] - 458,563.00 555,263.00 678,985.00
c Direct Expenses
i Freight Charges 27,580.00 35,855.00 39,785.00 41,525.00
ii Depreciation 11,250.00 10,125.00 9,111.00 8,201.00
T7 Total Direct Expenses [ c(i to x) ] 38,830.00 45,980.00 48,896.00 49,726.00
T8 sub-total [ T5+T6+T7 ] 1,344,750.00 3,462,433.00 4,453,048.00 4,924,680.00
d Add : Opening stock of W.I.P. - - - -
T9 Sub-total [ T8+2(d) ] 1,344,750.00 3,462,433.00 4,453,048.00 4,924,680.00
e Less : Closing Stock W.I.P. - - - -
T10 Total Cost of Production [ T9-2(e) ] 1,344,750.00 3,462,433.00 4,453,048.00 4,924,680.00
f Add : Opening stock of Finished Goods 175,120.00 7,465.00 - -
T11 sub-total [ T10+2(f) ] 1,519,870.00 3,469,898.00 4,453,048.00 4,924,680.00
g Less : Closing Stock of Finished Goods 7,465.00 - - -
T12 Total Cost of Sales [ T11-2(g) ] 1,512,405.00 3,469,898.00 4,453,048.00 4,924,680.00
Page 5of 19 Assessment of Working Capital Requirements Values in Rupees

FORM II : OPERATING STATEMENT

Name:
Current Year
Following years Projected
Actuals
Sr. No. Particulars
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4

3 General, Administrative & Selling Expenses

i Audit Fees - 5,000.00 7,500.00 7,500.00
ii Bank Charges 1,063.00 1,565.00 1,878.00 2,152.00
iii Electricity & Fuel Exp 17,740.00 21,152.00 23,325.00 28,585.00
iv General Exp 19,331.00 21,533.00 22,145.00 335,222.00
v Legal Fees - 2,000.00 2,000.00 3,500.00
vi Postage Charges - 2,859.00 3,225.00 3,898.00
vii Printing & Stationery - 6,895.00 7,856.00 1,252.00
viii Profession Tax - 2,500.00 2,500.00 2,500.00
ix Accounting Charges 5,000.00 8,000.00 8,000.00 12,000.00
x Salary - 120,000.00 120,000.00 240,000.00
xi Machine Hire Charges - 45,875.00 46,785.00 56,853.00
xiii Tender Fees - 68,853.00 72,856.00 76,856.00
xiii Telephone & Mobile Exp. 1,596.00 1,785.00 1,878.00 2,123.00
xiv Travelling Exp. - 23,633.00 27,898.00 23,955.00
T13 Total General, Administrative &
Selling Expenses [ 3(i to x) ] 44,730.00 331,650.00 347,846.00 796,396.00

4 Operating Profit before Interest [ T4-T12-T13 ] 296,119.00 778,224.00 941,246.00 1,088,932.00

5 Finance Charges
i Bank Interest on CC 33,361.00 152,565.00 148,589.00 146,785.00
iii Bank Interest on ODBD - - - -
T14 Total Finance Charges [ 5(i to v) ] 33,361.00 152,565.00 148,589.00 146,785.00

6 Operating Profit after Interest [ 4-T14 ] 262,758.00 625,659.00 792,657.00 942,147.00

7 Non-Operating Income
i - - - -
T15 Total Non-Operating Income [ 7(i to iii) ] - - - -

8 Non-Operating Expenses
i - - - -
9 T16 Total Non-Operating Expenses [ 8(i to iii) ] - - - -
T17 Net Non-Operating Income (+) /
Expenses (-) [ T15-T16 ] - - - -

10 Net Profit before Tax / (Loss) PBT [ 6+/(-)T17 ] 262,758.00 625,659.00 792,657.00 942,147.00
11 Provision for Taxes - - - -
12 Net Profit / Loss after Tax PAT [ 10-11 ] 262,758.00 625,659.00 792,657.00 942,147.00
PAT to Net Sales % [ 12/T2 ] % 14.18% 13.70% 13.86% 13.89%

13 Equity Dividend & Dividend Tax - - - -

Dividend Rate % 0.00% 0.00% 0.00% 0.00%
Dividend Distribution Tax % 0.00% 0.00% 0.00% 0.00%
14 Retained Profit [ 12-13 ] 262,758.00 625,659.00 792,657.00 942,147.00
15 Retained Profit / PAT % [ 14/12 ] % 100.00% 100.00% 100.00% 100.00%

16 Additional Data:
Break-up of Total Gross Income
Domestic Sales:
i 1st Quarter - - - -
ii 2nd Quarter - - - -
iii 3rd Quarter - - - -
iv 4th Quarter - - - -
T18 sub-total [i to iv] - - - -
T19 Export Sales - - - -
T20 Total [T18+T19] to agree with T4] - - - -
 Assessment of Working Capital Requirements Values in Rupees

FORM III : ANALYSIS OF BALANCE SHEET

Name:
Current Year
Following years Projected
Actuals
Sr. No. Particulars
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4
Current Liablities
1 Short term borrowings
a From Banks (including bills purchased, discounted
& excess borrowings placed on repayment basis)
i Term/Cash Credit Loan 1,000,000.00 1,488,955.00 1,478,589.00 1,498,568.00
ii Vehicle Loan - - - -
iii From Other Banks - - - -
T1 sub-total [ a(i + ii) ] 1,000,000.00 1,488,955.00 1,478,589.00 1,498,568.00
of which BP & BD
iii from Applicant Bank - - - -
iv from Other Banks - - - -
T2 sub-total [ b(iii + iv) ] - - - -
T3 Total short term borrowings from banks [ T1+T2 ] 1,000,000.00 1,488,955.00 1,478,589.00 1,498,568.00
b From Others
i Sundry Trade Creditors - Indigenous 34,520.00 256,855.00 204,585.00 238,543.00
ii Sundry Trade Creditors - Import - - - -
iii Advance payments from Customers /
Deposits from Dealers / Stockists - - - -
iv Provision for Taxation - - - -
v Dividend payable - - - -
vi Other Statutory Liabilities (due within 1 year) - - - -
vii Deposits / Debentures / Instalments of Term
Loans / DPGs etc. (due within 1 year) - - - -
T4 Total short term borrowings from others [ b(i to vii) ] 34,520.00 256,855.00 204,585.00 238,543.00
2 Other Current Liabilities and Provisions
(due within one year-specify major items)
i Expenses Payable 96,450.00 45,853.00 44,785.00 39,853.00
T5 sub-total [ 2(i to v) ] 96,450.00 45,853.00 44,785.00 39,853.00
T6 Current Liabilities excl. bank borrowings [ T4+T5 ] 130,970.00 302,708.00 249,370.00 278,396.00
T7 Total Current Liabilities [ T3+T6 ] 1,130,970.00 1,791,663.00 1,727,959.00 1,776,964.00

3 Term Liabilities
a Debentures (maturing after 1 year) - - - -
b Preference Shares (redeemable after 1 year) - - - -
c Term loans (repayable after 1 year) - - - -
d Deferred Payment Credits (repayable after 1 year) - - - -
e OverDraft Book Debts (repayable after 1 year) - - - -
f Other term liabilities
i - - - -
T8 Total Term Liabilities [ 3(a to f) ] - - - -
T9 Total Outside Liabilities [ T7+T8 ] 1,130,970.00 1,791,663.00 1,727,959.00 1,776,964.00

4 Net Worth
a Capital 577,958.00 1,202,152.00 1,995,755.00 2,935,553.00
b General reserve - - - -
c Revaluation Reserve - - - -
d Other reserves (excluding provisions) - - - -
f Others
T10 Net Worth [ 4(a to f) ] 577,958.00 1,202,152.00 1,995,755.00 2,935,553.00

T11 Total Liabilities [ T9+T10 ] 1,708,928.00 2,993,815.00 3,723,714.00 4,712,517.00

Page 7 of 19 Assessment of Working Capital Requirements Values in Rupees

FORM III : ANALYSIS OF BALANCE SHEET

Name:
Current Year
Following years Projected
Actuals
Sr. No. Particulars
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4
Current Assets
5 Cash and bank balances 47,685.00 336,700.00 124,231.00 425,206.00
6 Investments - - -
[other than long term Investments]
i Government & other trustee securities - - - -
ii Fixed deposits with Banks & Others - 485,000.00 550,000.00 600,000.00
T12 sub-total [ 6(i+ii) ] - 485,000.00 550,000.00 600,000.00
7 i Receivables other than deferred & exports 15,823.00 1,687,785.00 2,468,563.00 2,875,896.00
[Including bills purchased & discounted
by bankers]
ii Export receivables (Including bills - - - -
purchased/discounted by bankers)
T13 sub-total [ 7(i+ii) ] 15,823.00 1,687,785.00 2,468,563.00 2,875,896.00
8 Instalments under deferred receivables - - - -
(due within one year)
9 Inventory
a Raw Materials [Including Stores and other
items used in the process of manufacture)
i Imported - - - -
ii Indigeneous - - - -
b Work [ Stock ] in Process - - - -
c Finished Goods 7,465.00 - - -
d Goods in Transit - - - -
e Other consumable spares
i Imported - - - -
ii Indigeneous - - - -
T14 sub-total [ 9(a to e) ] 7,465.00 - - -
10 Advances to suppliers of of raw materials /
stores & spares 1,450,355.00 - - -
11 Advance payment of taxes - 56,855.00 62,556.00 101,252.00
12 Other current assets [specify major items]
i Security deposits / Tender Deposits - 250,000.00 350,000.00 550,000.00
ii - - - -
T15 sub-total [ 12(i to v) ] - 250,000.00 350,000.00 550,000.00

T16 Total Current Assets [ 5 to 12 ] 1,521,328.00 2,816,340.00 3,555,350.00 4,552,354.00

13 Fixed Assets
i Gross Block 198,850.00 187,600.00 177,475.00 168,364.00
ii Depreciation 11,250.00 10,125.00 9,111.00 8,201.00
T17 Net Block [ 13(i-ii) ] 187,600.00 177,475.00 168,364.00 160,163.00
Page 8 of 19 Assessment of Working Capital Requirements Values in Rupees

FORM III : ANALYSIS OF BALANCE SHEET

Name:
Current Year
Following years Projected
Actuals
Sr. No. Particulars
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4
Other Non-Current Assets
14 Investments / book debts /advances /
deposits which are non-current
a Investments in subsidiary
companies / affiliates - - - -
b Other investments - - - -
c Advances to suppliers of - - - -
capital goods and contractors - - - -
d Deferred receivables
[maturity exceeding one year] - - - -
e Security deposits / Tender Deposits - - - -
f Others
i Balances with Revenue Authorities - - -
ii - - - -
T18 sub-total [ 14(a to f) ] - - - -
15 Obsolete Stocks - - - -
16 Non-consumable consumables & spares - - - -
17 Other non-current assets - - - -
(Including dues from directors)
T19 Total Other Non-Current Assets [ 14 to 17 ] - - - -

18 Intangible assets - - - -
(Patents, Goodwill, Preliminary Expenses,
Bad / Doubtful Debts not provided for etc)

T20 Total Assets [ T16+T17+T19+18 ] 1,708,928.00 2,993,815.00 3,723,714.00 4,712,517.00

T21 Tangible Net Worth [ T10-18 ] 577,958.00 1,202,152.00 1,995,755.00 2,935,553.00

T22 Net Working Capital [ T16-T7 ] 390,358.00 1,024,677.00 1,827,391.00 2,775,390.00
19 Current Ratio [ T14/T4 ] 1.35 1.57 2.06 2.56
20 Total Outside Liabilities/
Tangible Net Worth [ T9/T21 ] 1.96 1.49 0.87 0.61
21 Total Term Liabilities/
Tangible Net Worth [ T8/T21 ] - - - -

22 Additional Information
a Arrears of depreciation - - - -
b Contingent Liabilities :
i Arrears of cumulative dividends - - - -
ii Gratuity liability not provided for - - - -
iii Disputed excise/customs tax liabilities - - - -
iv Bills accepted / guarnatees extended to
accommodate associate / sister concerns /
other third parties - - - -
 Assessment of Working Capital Requirements Values in Rupees

FORM - IV : COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

Name:

Current Year Actuals Following years Projected

Sr.
Particulars
No.
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4
CURRENT ASSETS
1 Raw Materials [Including Stores and other
items used in the process of manufacture)
i Imported - - - -
[Months' Consumption] - - - -

ii Indigeneous - - - -
[Months' consumption] - - - -

2 Stocks in Process - - - -
[Months' Cost of Production] - - - -

3 Finished Goods 7,465.00 - - -

[Months' Cost of Sales] 0.06 - - -

4 Other consumable spares

i Imported - - - -
[Months' Consumption] - - - -

ii Indigeneous - - - -
[Months' consumption] - - - -

5 Receivables other than export & deferred

receivables (including bills purchased &
discounted by bankers) 15,823.00 1,687,785.00 2,468,563.00 2,875,896.00
[Months' domestic sales including deferred payment sales] 0.10 4.43 5.18 5.09

6 Export receivables [including bills purchased &

discounted] - - - -
[Months' export sales] - - - -

7 Advances to suppliers of of raw materials /

stores & spares 1,450,355.00 - - -
8 Other current assets incl.cash & bank balances
& deferred receivables due within 1 year [major items only]
i Cash & bank balances 47,685.00 336,700.00 124,231.00 425,206.00
ii Investments [ other than long term ] - 485,000.00 550,000.00 600,000.00
iii Instalments under deferred receivables [ due within 1 year ] - - - -
iv Advance payment of taxes - 56,855.00 62,556.00 101,252.00
v Other current assets as per T15 of Form-III - 250,000.00 350,000.00 550,000.00
T1 Total Current Assets 1,521,328.00 2,816,340.00 3,555,350.00 4,552,354.00

CURRENT LIABILITIES
[Other than bank borrowings for working capital]

9 Sundry Trade Creditors [for raw materials, stores, 34,520.00 256,855.00 204,585.00 238,543.00
spares & consumables]
[Months' purchases] 0.32 0.90 0.56 0.59

10 Advances from customers / deposits from dealers - - - -

11 Statutory liabilities [Including Provision for Taxation] - - - -
12 Other current liabilities [specify major items]
[Short Term borrowings, unsecured loans,
dividend payable, instalments of TL,
DPG, public deposits, debentures etc.]
i Expenses Payable 96,450.00 45,853.00 44,785.00 39,853.00
ii Deposits / Debentures / Instalments of Term
Loans / DPGs etc. (due within 1 year) - - - -
sub-total [ 12(i to vi) ] - - - -
T2 Total Current Liabilities 130,970.00 302,708.00 249,370.00 278,396.00
 Assessment of Working Capital Requirements Values in Rupees

FORM-V: COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE (MPBF) FOR WORKING CAPITAL

Name: #VALUE!

Current Year Actuals Following years Projected

Sr. No. Particulars Particulars
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4

FIRST Method of Lending

1 Total Current Assets 1,521,328.00 2,816,340.00 3,555,350.00 4,552,354.00
[ T1 in Form-IV ]

2 Current Liabilities [Other than bank borrowing] 130,970.00 302,708.00 249,370.00 278,396.00
[ T2 in Form-IV ]

3 Working Capital Gap [WCG] 1,390,358.00 2,513,632.00 3,305,980.00 4,273,958.00

[1-2]

4 Minimum Stipulated Net Working Capital 347,589.50 628,408.00 826,495.00 1,068,489.50

[ 25% of WCG excluding export receivables]
[ (item 3 above - item no. 6 in Form - IV)*0.25 ]

5 Actual / Projected Net Working Capital [ NWC ] 390,358.00 1,024,677.00 1,827,391.00 2,775,390.00
[ T22 in Form-III ]

6 Item no. 3 minus Item no. 4 1,042,768.50 1,885,224.00 2,479,485.00 3,205,468.50

7 Item no. 3 minus Item no. 5 1,000,000.00 1,488,955.00 1,478,589.00 1,498,568.00

8 Maximum permissible bank finance [MPBF] 1,000,000.00 1,488,955.00 1,478,589.00 1,498,568.00

[ least of item 6 or 7 above ]

9 Excess borrowings representing shortfall in NWC - - - -

[ item 4 - item 5 ]

SECOND Method of Lending

1 Total Current Assets 1,521,328.00 2,816,340.00 3,555,350.00 4,552,354.00
[ T1 in Form-IV ]

2 Current Liabilities [other than bank borrowings] 130,970.00 302,708.00 249,370.00 278,396.00
[ T2 in Form-IV ]

3 Working Capital Gap (WCG) (1-2) 1,390,358.00 2,513,632.00 3,305,980.00 4,273,958.00

[1-2]
4 Minimum Stipulated Net Working Capital 380,332.00 704,085.00 888,837.50 1,138,088.50
[25% of total Current Assets excluding export receivables]
[ (1 above - item 6 in Form-IV)*0.25 ]

5 Actual / Projected net working capital 390,358.00 1,024,677.00 1,827,391.00 2,775,390.00

[ T22 in Form-III ]

6 Item no. 3 minus Item no. 4 1,010,026.00 1,809,547.00 2,417,142.50 3,135,869.50

7 Item no. 3 minus Item no. 5 1,000,000.00 1,488,955.00 1,478,589.00 1,498,568.00

8 Maximum permissible bank finance [MPBF] 1,000,000.00 1,488,955.00 1,478,589.00 1,498,568.00

[ least of item 6 or 7 above ]

9 Excess borrowings representing shortfall in NWC - - - -

[ item 4 - item 5 ]
 Assessment of Working Capital Requirements Values in Rupees

FORM-V: FUNDS FLOW STATEMENT

Name:

Current Year Actuals Following years Projected

Sr.
Particulars
No.
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4
A SOURCES OF FUNDS
1 Net profit for the year after tax 262,758.00 625,659.00 792,657.00 942,147.00
2 Depreciation 11,250.00 (1,125.00) (1,014.00) (910.00)
3 Increase in capital - 624,194.00 793,603.00 939,798.00
4 Increase in long-term funds / term liabilities - - - -
5 Decrease in fixed assets - 11,250.00 10,125.00 9,111.00
6 Decrease in other non-current assets - - - -
7 Others - - - -
T1 Total 274,008.00 1,259,978.00 1,595,371.00 1,890,146.00

B APPLICATION OF FUNDS
1 Net loss for the year - - - -
2 Decrease in capital - - - -
3 Decrease in long-term funds / term liabilities - - - -
4 Increase in fixed assets - - - -
5 Increase in other non-current assets - - - -
6 Dividend payments - - - -
7 Others - 625,659.00 792,657.00 942,147.00

T2 Total - 625,659.00 792,657.00 942,147.00

a Long term surplus (+) / deficit (-) [ T1-T2 ] 274,008.00 634,319.00 802,714.00 947,999.00
b Increase / (decrease) in current assets * - 1,295,012.00 739,010.00 997,004.00
* as per details given below at "h"
c Increase / (decrease) in current liabilities other
than bank borrowings - 171,738.00 (53,338.00) 29,026.00
d Increase / (decrease) in working capital gap - 1,123,274.00 792,348.00 967,978.00
e Net surplus / (deficit) - (488,955.00) 10,366.00 (19,979.00)
f Increase / (decrease) bank borrowings - 488,955.00 (10,366.00) 19,979.00
g Increase / (decrease) net sales - 2,715,266.00 1,150,035.00 1,066,575.00

h Break-up of "b" above:

Increase / (decrease) in inventory of:
i Raw materials - - - -
ii Work [ Stock ] in Process - - - -
iii Finished Goods - (7,465.00) - -
iv Goods in Transit - - - -
v Other consumable spares - - - -
Increase / (decrease) in receivables -
vi Domestic - 1,671,962.00 780,778.00 407,333.00
vii Export - - - -
viii Increase / (decrease) in other current assets - (369,485.00) (41,768.00) 589,671.00
Net total of [ h(i to viii) ] - 1,295,012.00 739,010.00 997,004.00
Page 12 of 19 Assessment of Working Capital Requirements Values in Rupees

SUMMARY OF FINANCIAL STATEMENTS FOR RATIO ANALYSIS

Name: #VALUE!
Current Year
Following years Projected
Actuals
Sr. No. Particulars
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4
OPERATING STATEMENT
INCOME
Domestic Sales & Construction Contracts Receipts 1,853,254.00 4,568,520.00 5,718,555.00 6,785,130.00
Export sales - - - -
Gross Sales 1,853,254.00 4,568,520.00 5,718,555.00 6,785,130.00
Excise duty - - - -
Net Sales 1,853,254.00 4,568,520.00 5,718,555.00 6,785,130.00
Other Income - 11,252.00 23,585.00 24,878.00
Gross Income 1,853,254.00 4,579,772.00 5,742,140.00 6,810,008.00
EXPENSES
Raw material [Imported] - - - -
Raw material [Indigenous] 1,305,920.00 2,957,890.00 3,848,889.00 4,195,969.00
Consumables [Imported] - - - -
Consumables [Indigenous] - 458,563.00 555,263.00 678,985.00
Total Material Cost 1,305,920.00 2,957,890.00 3,848,889.00 4,195,969.00
Total Consumables Cost - 458,563.00 555,263.00 678,985.00
Total purchases 1,305,920.00 3,416,453.00 4,404,152.00 4,874,954.00
Depreciation 11,250.00 10,125.00 9,111.00 8,201.00
Total direct expenses 38,830.00 45,980.00 48,896.00 49,726.00
Inventory [opening] of WIP - - - -
Inventory [closing] of WIP - - - -
Total cost of production 1,344,750.00 3,462,433.00 4,453,048.00 4,924,680.00
Inventory [opening] of finished goods 175,120.00 7,465.00 - -
Inventory [closing] of finished goods 7,465.00 - - -
Average inventory of finished goods 91,292.50 3,732.50 - -
Total cost of sales 1,512,405.00 3,469,898.00 4,453,048.00 4,924,680.00
Gross Profit 340,849.00 1,109,874.00 1,289,092.00 1,885,328.00
Total indirect expenses 44,730.00 331,650.00 347,846.00 796,396.00
Opearting profit before finance charges 296,119.00 778,224.00 941,246.00 1,088,932.00
Total finance charges [only interest element] 33,361.00 152,565.00 148,589.00 146,785.00
Opearting profit after finance charges 262,758.00 625,659.00 792,657.00 942,147.00
Non-operating income - - - -
Non-operating expenses - - - -
Profit before Tax / (Loss) PBT 262,758.00 625,659.00 792,657.00 942,147.00
Provision for Taxes - - - -
Net Profit / Loss after Tax PAT 262,758.00 625,659.00 792,657.00 942,147.00
Equity divident payout - - - -
Retained Profit 262,758.00 625,659.00 792,657.00 942,147.00
Net profit before depreciation, interest & tax [PBDIT] 307,369.00 788,349.00 950,357.00 1,097,133.00
Net profit before interest & tax [PBIT] 296,119.00 778,224.00 941,246.00 1,088,932.00
Page 13 of 19 Assessment of Working Capital Requirements Values in Rupees

SUMMARY OF FINANCIAL STATEMENTS FOR RATIO ANALYSIS

Name: #VALUE!
Current Year
Following years Projected
Actuals
Sr. No. Particulars
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4

BALANCE SHEET
Liabilities
Short-term borrowings from banks - - - -
Sundry creditors 34,520.00 256,855.00 204,585.00 238,543.00
Opening creditors for FIRST yearÆ NA NA NA NA
Average creditors - 145,687.50 230,720.00 221,564.00
Short-term borrowings from others 34,520.00 256,855.00 204,585.00 238,543.00
Other current liabilities 96,450.00 45,853.00 44,785.00 39,853.00
Total current liabilities 1,130,970.00 1,791,663.00 1,727,959.00 1,776,964.00
Total term liabilities - - - -
Total outside liabilities 1,130,970.00 1,791,663.00 1,727,959.00 1,776,964.00
Total liabilities 1,708,928.00 2,993,815.00 3,723,714.00 4,712,517.00

Assets
Cash, bank & investments 47,685.00 821,700.00 674,231.00 1,025,206.00
Receivables-other than export 15,823.00 1,687,785.00 2,468,563.00 2,875,896.00
Receivables-export - - - -
Total Receivables 15,823.00 1,687,785.00 2,468,563.00 2,875,896.00
Opening debtors for FIRST yearÆ NA NA NA NA
Average receivables - 851,804.00 2,078,174.00 2,672,229.50
Inventory 7,465.00 - - -
Other current assets 1,450,355.00 306,855.00 412,556.00 651,252.00
Total current assets 1,521,328.00 2,816,340.00 3,555,350.00 4,552,354.00

Fixed assets
Gross block 198,850.00 187,600.00 177,475.00 168,364.00
Depreciation upto date 11,250.00 10,125.00 9,111.00 8,201.00
Net block 187,600.00 177,475.00 168,364.00 160,163.00

Total other non-current assets - - - -

Intangible Assets - - - -
Total assets 1,708,928.00 2,993,815.00 3,723,714.00 4,712,517.00

Total Tangible Assets 1,708,928.00 2,993,815.00 3,723,714.00 4,712,517.00

Net worth 577,958.00 1,202,152.00 1,995,755.00 2,935,553.00
Tangible net worth 577,958.00 1,202,152.00 1,995,755.00 2,935,553.00
Net working capital 390,358.00 1,024,677.00 1,827,391.00 2,775,390.00
Page 14 of 19 Assessment of Working Capital Requirements

RATIO ANALYSIS
Name: #VALUE!
Current
Year Following years Projected
Ideal Actuals
Sr. No. Particulars
Levels
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4
A Long-term Solvency Ratios
1 Debt Equity Ratio <=2 - - - -
[Debt / Tangible Net Worth]

2 Net Worth to Total Assets Ratio 0.34 0.40 0.54 0.62

[Tangible Net Worth / Total Assets]

3 Debt to Net Worth Ratio - - - -

[Debt / Tangible Net Worth]

4 Capital Gearing Ratio - - - -

[Fixed Interest Funds / Tangible Net Worth]

5 Fixed Assets to Long Term Funds - - - -

[Fixed Assets / Term Liabilities]

6 Propriety Ratio 0.34 0.40 0.54 0.62

[Tangible Net Worth / Total Assets]

7 Interest Coverage 9.21 5.17 6.40 7.47

[PBDIT (i.e. profit before depreciation, interest &
tax) / Interest]

8 Debt Service Coverage - - - -

[PBIT (i.e. profit before interest & tax) /
Outstanding Debt]

B Short-term Solvency Ratios

1 Current Ratio >=1.33 1.35 1.57 2.06 2.56
[Current Assets, Loans & Advances / Current
Liabilities, Provisions]

2 Quick Ratio or Liquid Ratio or Acid Test Ratio 1.34 1.57 2.06 2.56
[Current Assets, Loans & Advances (excluding
inventory) / Current Liabilities, Provisions (excl
uding bank overdraft)

3 Absolute Liquid Ratio 0.04 0.46 0.39 0.58

[Absolute Liquid Assets / Current Liabilities]

C Profitability Ratios
1 Return on Capital Employed or Return on
Investment 15.38% 20.90% 21.29% 19.99%
[PAT (i.e. profit after tax) / Total Tangible Assets]

2 Gross Profit Margin 18.39% 24.29% 22.54% 27.79%

[Gross Profit# / Net Sales]
# Sales (-) Cost of Sales

3 Net Profit Margin 14.18% 13.70% 13.86% 13.89%

[PAT (i.e. profit after tax) / Net Sales]

4 Cash Profit Ratio 14.79% 13.92% 14.02% 14.01%

[Cash Profit^ / Net Sales]
^ PBT + depreciation
Page 15 of 19 Assessment of Working Capital Requirements

RATIO ANALYSIS
Name: #VALUE!
Current
Year Following years Projected
Ideal Actuals
Sr. No. Particulars
Levels
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4

5 Return on Net Worth 45.46% 52.04% 39.72% 32.09%

[PAT (i.e. profit after tax) / Tangible Net Worth]

6 Operating Profit (before interest) Margin 15.98% 17.03% 16.46% 16.05%

[Operating Profit before interest / Net Sales]

7 Operating Profit (after interest) Margin 14.18% 13.70% 13.86% 13.89%

[Operating Profit after interest / Net Sales]

D Activity Ratios
1 Inventory Turnover Ratio 248.26 - - -
[Based on closing inventory]
[Net Sales / Closing Inventory]

2 Inventory Turnover Ratio 20.30 1,223.98 - -

[Based on average inventory]
[Net Sales / Average Inventory*]
* (Opening + Closing) / 2

3 Inventory Turnover Ratio 16.57 929.64 - -

[Based on cost of sales / average inventory]
[Cost of Sales / Average Inventory*]
* (Opening + Closing) / 2

4 Inventory Turnover Period

[365 / Inventory Turnover Ratio]
i Based on net sales & closing inventory 1.47 - - -
ii Based on net sales & average inventory 17.98 0.30 - -
iii Based on net cost of sales & average inventory 22.03 0.39 - -

5 Debtors Turnover Ratio 117.12 2.71 2.32 2.36

[Based on closing debtors]
[Net Sales / Closing Debtors]

6 Debtors Turnover Ratio - 5.36 2.75 2.54

[Based on average debtors]
[Net Sales / Average Debtors*]
* (Opening + Closing) / 2

7 Debtors Turnover Period

[365 / Debtors Turnover Ratio]
i Based on net sales & closing debtors 3.12 134.84 157.56 154.71
ii Based on net sales & average debtors - 68.05 132.64 143.75

8 Creditors Turnover Ratio 37.83 13.30 21.53 20.44

[Based on closing creditors]
[Total Purchases / Closing Creditors]

9 Creditors Turnover Ratio - 23.45 19.09 22.00

[Based on average creditors]
[Total Purchases / Average Creditors*]
* (Opening + Closing) / 2
Page 16 of 19 Assessment of Working Capital Requirements

RATIO ANALYSIS
Name: #VALUE!
Current
Year Following years Projected
Ideal Actuals
Sr. No. Particulars
Levels
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4

10 Creditors Turnover Period

[365 / Creditors Turnover Ratio]
i Based on purchases & closing creditors 9.65 27.44 16.96 17.86
ii Based on purchases & average creditors - 15.56 19.12 16.59

11 Fixed Assets Turnover Ratio 9.88 25.74 33.97 42.36

[Net Sales / Net Fixed Assets]

12 Assets Turnover Ratio 1.08 1.53 1.54 1.44

[Net Sales / Total Tangible Assets]

13 Working Capital Turnover Ratio 4.75 4.46 3.13 2.44

[Net Sales / Net Working Capital]

14 Sales to Capital Employed 3.21 3.80 2.87 2.31

[Net Sales / Total Capital Employed^]
^ Total Tangible Net Worth

E Operating Ratios
1 Domestic Sales Proportion 100.00% 100.00% 100.00% 100.00%
[Domestic Sales / Total Gross Sales]

2 Export Sales Proportion 0.00% 0.00% 0.00% 0.00%

[Export Sales / Total Gross Sales]

3 Material Cost Ratio 70.47% 64.75% 67.31% 61.84%

[Material Cost / Net Sales]

4 Consumables Cost Ratio 0.00% 10.04% 9.71% 10.01%

[Consumables Cost / Net Sales]

5 Total Direct Cost Ratio [excl material & consumables] 2.10% 1.01% 0.86% 0.73%
[Total Direct Cost / Net Sales]

6 Total Direct Cost Ratio [incl material & consumables] 72.56% 75.79% 77.87% 72.58%
[Total Direct Cost / Net Sales]

7 Indirect Cost Ratio 2.41% 7.26% 6.08% 11.74%

[Total Indirect Cost / Net Sales]

8 Interest Cost Ratio 1.80% 3.34% 2.60% 2.16%

[Interest Cost / Net Sales]

9 Operating Cost Ratio 85.82% 86.55% 86.55% 86.48%

[Total Operating Cost / Net Sales]

Notes:
1 Also known as Shareholders' Equity Ratio.
In this case, proprietor's capital (including
balance in P & L a/c) i.e. net worth of the firm.
2 Normally, fixed interest funds are long-term
funds such as equity, debentures, preference
shares. In this case, unsecured loans bearing
fixed interest have been considered.
 Assessment of Working Capital Requirements Values in Rupees

STATEMENT OF CHANGES IN WORKING CAPITAL

Name:

Current Year
Following years Projected
Sr. Actuals
Particulars
No.
31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4

Current Assets
Cash and bank balances 47,685.00 336,700.00 124,231.00 425,206.00
Investments
Investments [other than long term] - - - -
Government & other trustee securities - - - -
Fixed deposits with Banks & Others - 485,000.00 550,000.00 600,000.00
Receivables
Receivables other than deferred & exports 15,823.00 1,687,785.00 2,468,563.00 2,875,896.00
Export receivables - - - -
Instalments under deferred receivables - - - -
Inventory
Raw Materials
Imported - - - -
Indigeneous - - - -
Work [ Stock ] in Process - - - -
Finished Goods 7,465.00 - - -
Goods in Transit - - - -
Other consumable spares
Imported - - - -
Indigeneous - - - -
Advances to suppliers 1,450,355.00 - - -
Advance payment of taxes - 56,855.00 62,556.00 101,252.00
CENVAT credit - 250,000.00 350,000.00 550,000.00
Other current assets - - - -
- - - -
- - - -
Total Current Assets 1,521,328.00 2,816,340.00 3,555,350.00 4,552,354.00
Change in the current assets 1,521,328.00 1,295,012.00 739,010.00 997,004.00

Current Liabilities
Short term borrowings from Banks
from Applicant Bank 1,000,000.00 1,488,955.00 1,478,589.00 1,498,568.00
Vehicle Loan - - - -
from Other Banks - - - -
of which BP & BD
from Applicant Bank - - - -
from Other Banks - - - -
Short term borrowings from Others
Sundry Trade Creditors - Indigenous 34,520.00 256,855.00 204,585.00 238,543.00
Sundry Trade Creditors - Import - - - -
Advance from Customers / deposits from dealers - - - -
Provision for Taxation - - - -
Dividend payable - - - -
Other Statutory Liabilities - - - -
Deposits / Debentures / Instalments of Term
Loans / DPGs etc. - - - -
Other Current Liabilities and Provisions
Expenses Payable 96,450.00 45,853.00 44,785.00 39,853.00
Total Current Liabilities 1,130,970.00 1,791,663.00 1,727,959.00 1,776,964.00
Change in the current liabilities 1,130,970.00 660,693.00 (63,704.00) 49,005.00
Net Working Capital as calculated above 390,358.00 1,024,677.00 1,827,391.00 2,775,390.00
Increase / (Decrease) in Net Working Capital 390,358.00 634,319.00 802,714.00 947,999.00
 CROSS-CHECK
#VALUE!

Actuals as per Books of

Current Year Actuals Following years Projected
Accounts
Particulars
#REF! #REF! 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
Balance Sheet
Total Assets #REF! #REF! 1,708,928.00 2,993,815.00 3,723,714.00 4,712,517.00
Total Liablities #REF! #REF! 1,708,928.00 2,993,815.00 3,723,714.00 4,712,517.00
Difference #REF! #REF! - - - -

Comparative Statement of Current Assets & Current Liabilities

Total Current Assets as per statement #REF! #REF! 1,521,328.00 2,816,340.00 3,555,350.00 4,552,354.00
Total Current Assets as per balance sheet #REF! #REF! 1,521,328.00 2,816,340.00 3,555,350.00 4,552,354.00
Difference #REF! #REF! - - - -

Total Current Liabilities as per statement #REF! #REF! 130,970.00 302,708.00 249,370.00 278,396.00
Total Current Liabilities as per balance sheet #REF! #REF! 130,970.00 302,708.00 249,370.00 278,396.00
Difference #REF! #REF! - - - -

Statement of Changes in Working Capital

Total Current Assets as per statement #REF! #REF! 1,521,328.00 2,816,340.00 3,555,350.00 4,552,354.00
Total Current Assets as per balance sheet #REF! #REF! 1,521,328.00 2,816,340.00 3,555,350.00 4,552,354.00
Difference #REF! #REF! - - - -

Total Current Liabilities as per statement #REF! #REF! 1,130,970.00 1,791,663.00 1,727,959.00 1,776,964.00
Total Current Liabilities as per balance sheet #REF! #REF! 1,130,970.00 1,791,663.00 1,727,959.00 1,776,964.00
Difference #REF! #REF! - - - -

Net working capital as per statement #REF! #REF! 390,358.00 1,024,677.00 1,827,391.00 2,775,390.00
Net working capital as per balance sheet #REF! #REF! 390,358.00 1,024,677.00 1,827,391.00 2,775,390.00
Difference #REF! #REF! - - - -
 CHARTS
Name:

Net Sales Total Cost of Sales

6,785,130.00
8,000,000.00

5,718,555.00
7,000,000.00

4,924,680.00
4,568,520.00
6,000,000.00

4,453,048.00
5,000,000.00

3,469,898.00
4,000,000.00
1,853,254.00

3,000,000.00
1,512,405.00

2,000,000.00

1,000,000.00

-
Year 1 Year 2 Year 3 Year 4

Net Sales Net Profit / Loss after Tax PAT

6,785,130.00
8,000,000.00
5,718,555.00
7,000,000.00
4,568,520.00

6,000,000.00

5,000,000.00

4,000,000.00
1,853,254.00

3,000,000.00
942,147.00
792,657.00

2,000,000.00
625,659.00
262,758.00

1,000,000.00

-
Year 1 Year 2 Year 3 Year 4

Total Current Assets Total Current Liabilities Working Capital Gap [WCG]
4,552,354.00

4,273,958.00

5,000,000.00

4,500,000.00
3,555,350.00

3,305,980.00

4,000,000.00
2,816,340.00

2,513,632.00

3,500,000.00

3,000,000.00

2,500,000.00
1,390,358.00
1,521,328.00

2,000,000.00

1,500,000.00
302,708.00

278,396.00
249,370.00

1,000,000.00
130,970.00

500,000.00

-
Year 1 Year 2 Year 3 Year 4