OPERATING STATEMENT

Borrower's Name : XXXXXXXXXXXXXXXXX

As per profit and Loss A/c

for the year ending 31.03.19 31.03.20 31.03.21 31.03.22 31.03.23 31.03.24 31.03.25
Following Following Following Following Following Following Following
year year year year year year year
projections projections projections projections projections projections

a. Gross Sales
b. Jobwork
1. Total Sales 272.30 275.00 280.00 300.00 310.00 320.00 320.00

2. Less : Excise duty

Net Sales 272.30 275.00 280.00 300.00 310.00 320.00 320.00

3. Cost of Sales :
a. Raw Materials
(incl.stores)
- imported

- indigenous 246.25 249.88 253.00 271.50 279.48 287.30 287.30

b. Other spares
c. Power & Fuel
d. Direct labour
e. Other Manufacturing Exp. (Freight,
Jobwork Charges, EPF & ESI )
f. Depreciation 2.37 2.01 1.71 1.46 1.24 1.05 0.89

Sub Total : 248.62 251.89 254.71 272.96 280.71 288.35 288.19

Add : Opening Stocks-in-process 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sub Total : 248.62 251.89 254.71 272.96 280.71 288.35 288.19
Deduct : Closing Stock-in-process 0.00 0.00 0.00 0.00 0.00 0.00 0.00

(Cost of Production )Sub Total 248.62 251.89 254.71 272.96 280.71 288.35 288.19
Add : Opening Stocks of Finished Goods 5.40 3.44 4.13 4.95 5.94 7.13 8.56

Sub Total : 254.02 255.33 258.84 277.91 286.66 295.48 296.75

Borrower's Name : XXXXXXXXXXXXXXXXX

As per profit and Loss A/c

for the year ending 31.03.19 31.03.20 31.03.21 31.03.22 31.03.23 31.03.24 31.03.25

Deduct : Closing Stock of finished goods 3.44 4.13 4.95 5.94 7.13 8.56 10.27

Sub Total : 250.58 251.20 253.89 271.96 279.53 286.92 286.48

(TOTAL COST OF SALES ) 250.58 251.20 253.89 271.96 279.53 286.92 286.48

5. Gross profit ( 3- 4 ) 21.72 23.80 26.11 28.04 30.47 33.08 33.52

6. Interest --On Term Loan 0.00 0.10 0.39 0.33 0.27 0.20 0.14
On CC Limit 0.62 0.62 0.62 0.62 0.62 0.62 0.62
7. Selling, General & Administrative Expenses. 15.00 16.50 18.15 19.97 21.96 24.16 26.57

Sub Total ( 6 + 7 ) 15.62 17.22 19.16 20.91 22.85 24.98 27.34

8. Operating Profit ( 5-( 6 + 7 ) ) 6.10 6.57 6.96 7.12 7.63 8.09 6.18

9. Other Income/Expenses
Add : Income
Deduct : Expenses
Sub Total (+) (-) 0.00 0.00 0.00 0.00 0.00 0.00 0.00

10 Profit before tax/ loss ( 8 + 9 ) 6.10 6.57 6.96 7.12 7.63 8.09 6.18

Less : Provision for Development Rebate/

Investment Allowance
Less : Provision for Taxes
Provision for Divid.

Sub Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00

11 Net Profit 6.10 6.57 6.96 7.12 7.63 8.09 6.18

Gross Profit as a percent of Sales 7.98 8.65 9.33 9.35 9.83 10.34 10.47
Net Profit Before tax as a % of Sales 2.24 2.39 2.48 2.37 2.46 2.53 1.93
ANALYSIS ON BALANCE SHEET : ( Rs. In Lacs)

Borrower's Name : XXXXXXXXXXXXXXXXX

Following Following Following Following Following Following Following
Liabilities year year year year year year year
proj proj proj proj proj proj proj
as on 31.03.19 31.03.20 31.03.21 31.03.22 31.03.23 31.03.24 31.03.25

Current Liabilities :
1. Short-term borrwings from Banks
(a) from our Bank
(b) from Other Banks 7.37 8 8 8 8 8 8

Sub Total (A) 7.37 8.00 8.00 8.00 8.00 8.00 8.00

2. Short term borrowings from others

3. Deposits ( maturing in one year )
4. Sundry Creditors (Trade) 0.00 0.25 0.25 0.25 0.25 0.25 0.25
5. Unsecured Loans
6. Advances/progress payments from
customers/ deposits from dealers.
not due for payment.
8. Provision for taxation
Provision for Gratuity
9. Dividend payable
10.Other statutory liabilities
(due in one year)
11.Instalments of term loans/deferred paym 0.00 0.12 0.49 0.49 0.49 0.49 0.49
Credits/debentures redeemable preference
Shares ( due in one year )
12. Other Current liabilities and provisions 0.36 0.36 0.36 0.36 0.36 0.36 0.36

Sub Total (B) 0.36 0.73 1.10 1.10 1.10 1.10 1.10
13.Total Current Liabilities ( A + B ) 7.73 8.73 9.10 9.10 9.10 9.10 9.10
ANALYSIS ON BALANCE SHEET : ( Rs. In Lacs)

Borrower's Name : XXXXXXXXXXXXXXXXX

Following Following Following Following Following Following Following
Liabilities year year year year year year year
proj proj proj proj proj proj proj
as on 31.03.19 31.03.20 31.03.21 31.03.22 31.03.23 31.03.24 31.03.25

Term Liabilities :

14. Debentures ( not maturing in one year )

15. Redeemable preference shares (maturing
after 1 But before 12 years)
16a . Borrowings from company Directors,
friends, relatives.
17. Deferred payment credits
18. Term Deposits ( repayable after one year )
19. Other term liabilities ( Other Loan )
Term Loan 3.65 3.28 2.79 2.31 0.85 1.34 0.12
20. Total term liabilities
(total of items 14 to 19 ) 3.65 3.28 2.79 2.31 0.85 1.34 0.12

21. Total Outside liabilities (13 + 20) 11.38 12.01 11.89 11.40 9.95 10.43 9.22

NET WORTH
22. Ordinary Share Capital 10.70 14.30 18.87 23.83 26.95 30.58 34.67
23. Preference Share Capital
(maturing after 12 Yrs)
24. General Reverse
25. Development Rebate Reserve/Investment
Allowance
Quasi Equity (Unsecured Loans from Family Members
26. Other Reserves ( excl. provisions)
27. Profit & Loss Account 6.10 6.57 6.96 7.12 7.63 8.09 6.18
28. Surplus (+) or Deficit (-) in P & L Account

28. Net worth (total of 22 to 27) 16.80 20.87 25.83 30.95 34.58 38.67 40.85

29. Total Liabilities ( 21 + 28) 28.18 32.88 37.72 42.36 44.53 49.11 50.07
ANALYSIS ON BALANCE SHEET : ( Rs. In Lacs)
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Borrower's Name : XXXXXXXXXXXXXXXXX
Following Following Following Following Following Following Following
Assets as on year year year year year year year
proj proj proj proj proj proj proj
31.03.19 31.03.20 31.03.21 31.03.22 31.03.23 31.03.24 31.03.25

Current Assets :

30. Cash & Bank Balances 8.96 3.45 6.27 9.37 9.59 10.80 10.94

31. Investments : (Other than long term

investments,sinking fund,gratuity fund etc.)
(a ) Govt. and other trustee securities
(b) FDs in banks
32. (a) Receivable other than deferred and 3.56 15.10 18.00 20.00 22.00 25.00 25.00
(due in one year)
(b) Export receivables
c) Duty Draw Back
33. Instalments of deferred receivables
(due with in one years)
34. Inventory :
(a) Raw Materials Imp.(incl.stores)-Ind
(b) Stock-in-process
(c) Finished Goods 3.44 4.13 4.95 5.94 7.13 8.56 10.27
(d) Other consumables spares
e) Goods in Transit
35. Advances to supplies or raw materials and
store/ spares consumables.
36. Advance payment of taxes
37. Other current assets. 3.61 3.61 3.61 3.61 3.61 3.61 3.61

38. Total Current Assets (Total of items 3 19.57 26.29 32.84 38.93 42.34 47.97 49.82
ANALYSIS ON BALANCE SHEET : ( Rs. In Lacs)

Borrower's Name : XXXXXXXXXXXXXXXXX

Following Following Following Following Following Following Following
Assets as on year year year year year year year
proj proj proj proj proj proj proj
31.03.19 31.03.20 31.03.21 31.03.22 31.03.23 31.03.24 31.03.25
Fixed Assets :
39.Gross block (Land Building machinery, 10.98 10.98 10.98 10.98 10.98 10.98 10.98
constructions in progress etc.)
40.Depreciation to date 2.37 4.38 6.10 7.55 8.79 9.84 10.73
41.Net Block (39-40) 8.61 6.60 4.88 3.43 2.19 1.14 0.25

Other Non Current Assets :

42.Investments/book debts/advance/deposits
which are not current assets.
(a)i Investment in subsidary Companies/
affidavits etc)
ii) Others
(b) Advances to supplies of capital goods
spares and contractors for capital expenditure
(c) Deferred receivables maturing beyond one
43.Non-consumables store and spares
44.Other miscelaneous assets
Debtors(more than six month)

45.Total other non-current assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(42+ 43 + 44 )
46.Intangible assets (patents goodwill premliminary
and formation Exp. Bad/doubtfull debts n 0.00 0.00 0.00 0.00 0.00 0.00 0.00
provided for etc.)
47.Total Assets 28.18 32.88 37.72 42.36 44.53 49.11 50.07
(38 + 41 + 45 + 46)
48. Trangible net worth ( 28-46) 16.80 20.87 25.83 30.95 34.58 38.67 40.85
49. Net working capital 11.84 17.56 23.74 29.83 33.24 38.87 40.73
50. Current Ratio (Item 38/13) 2.53 3.01 3.61 4.28 4.65 5.27 5.48
51. Total Outside Liabilities/ 0.68 0.58 0.46 0.37 0.29 0.27 0.23
Tangible Net Worth(21/48)
52. Total Term Liabilities/ 0.22 0.16 0.11 0.07 0.02 0.03 0.00
Tangible Net Worth
Borrower's Name : XXXXXXXXXXXXXXXXX
FUNDS FLOW STATEMENT
for the year ending 31.03.14 31.03.15 31.03.16 31.03.17 31.03.18
Following Following Following Following Following
year year year year year
Projection Projection Projection Projection Projection
SOURCES :
Profit before tax 0.00 6.10 6.57 6.96 7.12

Add : Depreciation Inv. Allowance 0.00 2.37 2.01 1.71 1.46

Gross Funds Generated 0.00 8.47 8.59 8.67 8.58

Less : Taxes paid/payable 0.00 0.00 0.00 0.00 0.00

Add : Preliminary expenses 0.00 0.00 0.00 0.00 0.00

A: Sub -total : Net Fund Generated 0.00 8.47 8.59 8.67 8.58

Increase in :
a) Capital 0.00 10.70 -2.50 -2.00 -2.00
b) Term Loans/debentures 0.00 0.00 0.00 0.00 0.00
b) Deffered payments 0 0 0 0 0
c) Public deposit/ Unsecured Loan 0.00 0.00 0.00 0.00 0.00
e) Investment 0 0 0 0 0
Term Loan

Housing Loan
Decrease In :
a) Fixed Assets

b) Inter-corporate investment and advance

c) Other non-current assets 0.00 0.00 0.00 0.00 0.00

B) Sub Total : 0.00 10.70 -2.50 -2.00 -2.00

Increase in Short term Bank borrowings. 0.00 7.37 0.63 0.00 0.00

Increase in other current liabilities 0.00 0.36 0.37 0.36 0.00

Decrease in inventory

Decrease in Receivables

Decrease in other current assets

C) Sub Total 0.00 7.73 1.00 0.36 0.00

Total funds available (A+ B + C) 0.00 26.90 7.09 7.03 6.58

Uses
Increase in fixed assets 0.00 10.98 0.00 0.00 0.00

Decreases :

Aa) Term loan/Debentures/Deferred payment 0.00 -3.65 0.37 0.49 0.49

b) Public deposits/ Unsecured Loan

Other Unsecured Loans from Banks
car Loan 0.00 0.00 0.00 0.00 0.00
c) Capital/Inv. Allowance Increase in Inter-Corpn.
Investment and advances Increase in other
non-current assets 0.00

Decrease in other current liablities

Increase in inventory 0.00 3.44 0.69 0.83 0.99

Increase in Receivables 0.00 3.56 11.54 2.90 2.00

Increase in other current assets 0.00 12.57 -5.51 2.82 3.10

E) : Sub Total : 0.00 15.92 7.09 7.03 6.58

Loss

Less : Inv. Allowance

Depreciation
Balance Gross funds lost (-) or
Gross funds generated (+)
Add : Taxes paid/payable
Add : Dividends paid/payable
F) Sub-Total : 0 0 0 0 0

Total funds used (D+E+F) 0.00 15.92 7.09 7.03 6.58

SUMMARY :
Long term sources 0.00 19.17 6.09 6.67 6.58
(a+b-f, if F is -ve)

Less-Long term uses 0.00 10.98 0.00 0.00 0.00

(d-g)

Surplues (+)/ short fall (-) 0.00 8.19 6.09 6.67 6.58

Short-term Sources ( C) 0.00 7.73 1.00 0.36 0.00

Less : Short term uses (E) 0.00 15.92 7.09 7.03 6.58

Surplus (+)/ Short Fall (-) 0.00 -8.19 -6.09 -6.67 -6.58
0.00 0.00 0.00 0.00 0.00
 FORM -IV
COMPRAATIVE STATEMENT OF
CURRENT ASSETS & CURRENT LIABILITIES

Borrower's Name : XXXXXXXXXXXXXXXXX

PROJ. PROJ. PROJ. PROJ. PROJ. PROJ. PROJ.

31.03.14 31.03.15 31.03.16 31.03.17 31.03.18 31.03.19 31.03.20

A. CURRENT ASSETS
1 Raw Materials (including stores and other
items used in the process of manufacture)
(a) Imported 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(Months consumption) #DIV/0! 0 0 0 0 0 0

(b) Indigenous
(Months consumption)
2 Other consumable spares ( excluding 0.00 0.00 0.00 0.00 0.00 0.00 0.00
those in 1 above)
(a) Imported 0 0 0 0 0 0 0
(Months consumption)
(b) Indigenous 0 0 0 0 0 0 0
(Months consumption)
3 Work-in-progress 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(Months cost of production) #DIV/0! 0 0 0 0 0 0

4 Finished goods 0.00 3.44 4.13 4.95 5.94 7.13 8.56

#DIV/0! 4 5 6 6 7 9
(Months cost of sales)
5.1 Receivables other than export and defferred
(including bills purchased & discounted by
bankers) 0.00 3.56 15.10 18.00 20.00 22.00 25.00
#DIV/0! 4 16 19 20 21 23
Months domestic sales :
Excluding defferred payment sales :

6 Export receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00

(Including bills purchased and discounted by) #DIV/0! 0 0 0 0 0 0
Months Export Sales :
 Borrower's Name : XXXXXXXXXXXXXXXXX

PROJ. PROJ. PROJ. PROJ. PROJ. PROJ. PROJ.

31.03.14 31.03.15 31.03.16 31.03.17 31.03.18 31.03.19 31.03.20

7 Advances to supplies of raw materials and 0.00 0.00 0.00 0.00 0.00 0.00 0.00
sotores,spares consumables

Advance Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00

8 Other current assets excluding cash and

bank balance and defferred receivables due 0.00 3.61 3.61 3.61 3.61 3.61 3.61
within one year (specify major items)

Cash & Bank Balances 0.00 8.96 3.45 6.27 9.37 9.59 10.80

9 Total Current assets ( to agree with item 38 0.00 19.57 26.29 32.84 38.93 42.34 47.97
in form III) 0.00 0.00 0.00 0.00 0.00 0.00 0.00

II Current Liablities
(Other than bank borrowings for working
capital)

10 Creditors for purcahses of raw materials and 0.00 0.00 0.25 0.25 0.25 0.25 0.25
stores and consumables spares #DIV/0! - 0 0 0 0 0
11 Adance from Customers 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12 Statutory liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Provision for Gratuity 0 0 0 0 0 0 0
Provision for Taxation 0 0.00 0.00 0.00 0.00 0.00 0.00
13 Other current liabilities (major items to be 0 0 0 0 0 0 0
specified)
Short term borrowings/unsecured loan's / 0 0 0 0 0 0 0
dividend payable/instalment of T.L./DIP
Installment of Term Loan 0.00 0.00 0.12 0.49 0.49 0.49 0.49
Others 0.00 0.36 0.36 0.36 0.36 0.36 0.36

14 Total #DIV/0! 0.36 1.03 1.39 1.37 1.36 1.36

(To agree with sub-total in Form III)
#DIV/0! 0.00 0.30 0.30 0.28 0.27 0.26
 Borrower's Name : XXXXXXXXXXXXXXXXX

PROJ. PROJ. PROJ. PROJ. PROJ. PROJ. PROJ.

31.03.14 31.03.15 31.03.16 31.03.17 31.03.18 31.03.19 31.03.20

I Total current Assets (9 in form IV) 0.00 19.57 26.29 32.84 38.93 42.34 47.97

II Total Current Liabilities (Other than bank

borrowing) (14 of form IV) #DIV/0! 0.36 1.03 1.39 1.37 1.36 1.36

III Working Capital Gap (WCC) ( I-II) #DIV/0! 19.21 25.26 31.44 37.56 40.97 46.61

IV Actual /Projected Bank Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00

V Total Current Liabilities ( II + IV) #DIV/0! 0.36 1.03 1.39 1.37 1.36 1.36

VI Actual / projected net working capital (I-V) #DIV/0! 19.21 25.26 31.44 37.56 40.97 46.61

VII Minimum Stipulated Net Working Capital

(25% of iii or I as case may be) 0.00 4.89 6.57 8.21 9.73 10.58 11.99

VIII Item III- Item VII #DIV/0! 14.32 18.68 23.23 27.82 30.39 34.62

IX Item III- Item VI #DIV/0! 0.00 0.00 0.00 0.00 0.00 0.00

X Maximum Permissible Bank Finance (Item

VIII or Item IX whichever is lower) #DIV/0! 0.00 0.00 0.00 0.00 0.00 0.00

XI Excess Borrowings (representing shortfall in #DIV/0! 0.00 0.00 0.00 0.00 0.00 0.00
Net working Capital to be converted into
Working Capital Term Loan)
 Annexure 3.1

Borrower's Name : XXXXXXXXXXXXXXXXX

CALCULATION OF INTEREST ON TERM LOAN

Principal Repayment Balance Interest Yearly

outstanding 12.50% Interest
2019-20 1st.Quarter 0.00 0.00 0.00 0.00
2nd.Quarter 0.00 0.00 0.00 0.00
3rd.Quarter 0.00 0.00 0.00 0.00
4th.Quarter 3.40 0.12 3.28 0.10 0.10
TOTAL 0.12
2020-21 1st.Quarter 3.28 0.12 3.16 0.10
2nd.Quarter 3.16 0.12 3.04 0.10
3rd.Quarter 3.04 0.12 2.91 0.10
4 .Quarter
th
2.91 0.12 2.79 0.09 0.39
TOTAL 0.49
2021-22 1st.Quarter 2.79 0.12 2.67 0.09
2nd.Quarter 2.67 0.12 2.55 0.08
3 .Quarter
rd
2.55 0.12 2.43 0.08
4th.Quarter 2.43 0.12 2.31 0.07 0.33
TOTAL 0.49
2022-23 1st.Quarter 2.31 0.12 2.19 0.07
2nd.Quarter 2.19 0.12 2.06 0.07
3rd.Quarter 2.06 0.12 1.94 0.07
4th.Quarter 1.94 0.12 1.82 0.06 0.27
TOTAL 0.49
2023-24 1st.Quarter 1.82 0.12 1.70 0.06
2nd.Quarter 1.70 0.12 1.58 0.05
3rd.Quarter 1.58 0.12 1.46 0.05
4 .Quarter
th
1.46 0.12 1.34 0.04 0.20
TOTAL 0.49
2024-25 1st.Quarter 1.34 0.12 1.21 0.04
2nd.Quarter 1.21 0.12 1.09 0.04
3 .Quarter
rd
1.09 0.12 0.97 0.03
4th.Quarter 0.97 0.12 0.85 0.03 0.14
TOTAL 0.49
2025-26 1st.Quarter 0.85 0.12 0.73 0.03
2 .Quarter
nd
0.73 0.12 0.61 0.02
3rd.Quarter 0.61 0.12 0.49 0.02
4th.Quarter 0.49 0.12 0.36 0.01 0.08
TOTAL 0.49
2026-26 1st.Quarter 0.36 0.12 0.24 0.01
2nd.Quarter 0.24 0.12 0.12 0.01
3rd.Quarter 0.12 0.12 0.00 0.00
4 .Quarter
th
0.00 0.00 0.00 0.00 0.02
TOTAL 0.36
 DSCR

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25

Total
Net Profit 6.57 6.96 7.12 7.63 8.09 6.18
Depreciation 2.37 2.01 1.71 1.46 1.24 1.05
Intt.on T/L 0.10 0.39 0.33 0.27 0.20 0.14
Total- A 9.05 9.36 9.16 9.35 9.53 7.38 53.83
Intt. On T/L 0.10 0.39 0.33 0.27 0.20 0.14
Install. Of T/L 0.12 0.49 0.49 0.49 0.49 0.49
Total- B 0.23 0.51 0.81 0.75 0.69 0.63 3.62
DSCR-A/B 40.00 18.40 11.28 12.44 13.80 11.71 14.87
Avg. DSCR 14.87