ANNEXURE ‘I’

FORM II : OPERATING STATEMENT (Rs.crore)

Sl. Particulars
No. 2011 2012 2013 2014 2015 2017 2018
1 GROSS INCOME
i) Sales
a Gross Domestic Sales 215.88 473.95 517.63 519.32 519.33 519.33 519.33
b Export Sales
215.88 473.95 517.63 519.32 519.33 519.33 519.33
c Less: Excise Duty 27.11 59.49 64.98 65.19 65.19 65.19 65.19
d Net Sales 188.78 414.46 452.65 454.12 454.13 454.13 454.13
% rise/fall in Net Sales NA 119.55% 9.22% 0.33% 0.00% 0.00% 0.00%
ii) Other Operating Income
iii) Total (i) + (ii) 188.78 414.46 452.65 454.12 454.13 454.13 454.13
2 Cost of Sales
i) Raw Materials and other
Stores & consumables
a Imported
b Indigeneous 115.28 206.18 219.91 219.91 219.91 219.91 219.91
ii) Other Spares
a Imported
b Indigeneous 14.89 35.62 38.00 38.00 38.00 38.00 38.00
iii) Power, Fuel & Utilities 2.38 17.81 19.14 19.14 19.14 19.14 19.14
iv) Direct Labour wages & sal. 4.18 8.25 8.66 9.10 9.55 10.53 11.06
v) Other Mfg. Expenses 3.65 6.67 6.67 6.67 6.67 6.67 6.67
vi) Depreciation 9.75 17.83 17.83 17.83 17.83 17.83 17.83
vii) Total cost of production 150.13 292.36 310.21 310.64 311.10 312.08 312.60
viii) Add: Op. Stock of FG & WIP 0.00 7.45 14.57 15.50 15.53 15.58 15.60
ix) Less: Cl. Stock of FG & WIP 7.45 14.57 15.50 15.53 15.55 15.60 15.63
xiii) Total Cost of Sales 142.68 285.25 309.27 310.61 311.07 312.05 312.58
3 Selling, Gen. & Admn.Exp. 6.61 14.51 15.84 15.89 15.89 15.89 15.89
a Adm Exp 2.83 6.22 6.79 6.81 6.81 6.81 6.81
b Selling Exp 3.78 8.29 9.05 9.08 9.08 9.08 9.08
4 Operating Profit before Intt 39.49 114.70 127.54 127.62 127.17 126.19 125.66
5 Interest
i) Term Loan 17.27 29.33 24.87 18.75 12.62 1.67 0.00
ii) Working capital 2.27 4.58 4.58 4.58 4.58 4.58 4.58
Total Interest 19.54 33.91 29.45 23.33 17.20 6.25 4.58
6 Op. Profit after Int.& dep 19.96 80.79 98.09 104.28 109.96 119.94 121.08
7 Add : Other non operating income
Less: Other non operating expenses
8 Profit before Tax/Loss 19.96 80.79 98.09 104.28 109.96 119.94 121.08
9 Provision for Taxes 2.26 17.53 25.70 29.77 33.38 39.43 40.86
10 Net Profit after Tax (8-9) 17.70 63.26 72.38 74.51 76.59 80.51 80.22
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS Rs in Crores
FORM III : ANALYSIS OF BALANCE SHEET
Sl.  Particulars Constn. Period OPERATING YEARS
No.     2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
  LIABILITIES
  CURRENT LIABILITIES
1 Short Term Borrowings from banks
  (Including Bills Purchased, Discounted
  & excess borrowings placed on repayment)
  a) From Applicant Bank 18.50 37.40 37.40 37.40 37.40 37.40 37.40 37.40
  b) From other Banks (of which BP and BD)
  SUB TOTAL -A 0.00 0.00 18.50 37.40 37.40 37.40 37.40 37.40 37.40 37.40
2 Short Term Borrowings from Others
3 Sundry Creditors (Suppliers of Raw              
  materials, stores & consumables) 1.96 3.49 3.60 3.58 3.58 3.58 3.58 3.58
4 Advance payments from customers/ deposits from dealers
5 Provision for taxation                  
6 Dividend payable
7 Other Statutory liabilities (due within one year)                
8 Deposits/Debentures/Instalments
  under term loan/DPGs, etc (due within one year) 0.00 28.20 50.00 50.00 50.00 50.00 21.80 0.00
9 Other current liabilities & provisions (due within one year)              
  Liabilities for expenses/ Other Current Liabilities
  SUB TOTAL - B (2 to 9) 0.00 0.00 1.96 31.69 53.60 53.58 53.58 53.58 25.38 3.58
10 TOTAL CURRENT LIABILITIES (1 to 9) 0.00 0.00 20.46 69.09 91.00 90.98 90.98 90.98 62.78 40.98
  TERM LIABILITIES
11 Debentures (not maturing within one year)              
12 Preference Shares (redeemable after one year)
13 Term loans (excluding instalment                
  payable within one year) 10.03 159.31 243.21 193.60 121.80 71.80 21.80 -28.20 -21.80 0.00
14 Deferred Payment Credits
  (Excluding instalments due in 1 year)
15 Term deposits (repayable after one year)                  
16 Other Term Liabilities                    
17 TOTAL TERM LIABILITIES 10.03 159.31 243.21 193.60 121.80 71.80 21.80 -28.20 -21.80 0.00
18 TOTAL OUTSIDE LIABILITIES (10+17) 10.03 159.31 263.67 262.69 212.80 162.78 112.78 62.78 40.98 40.98
  NET WORTH (Sum of items against 19 to 23)
19 Capital 30.00 95.41 143.06 143.06 143.06 143.06 143.06 143.06 143.06 143.06
20 General Reserve 17.70 80.96 153.34 227.86 304.44 383.32 463.83
21 Subsidy/ unsecured loan                
22 Other Reserves (excluding provisions)                
23 Surplus / (Deficit) in P & L Account 17.70 63.26 72.38 74.51 76.59 78.88 80.51 80.22
24 NET WORTH 30.00 95.41 160.76 224.02 296.40 370.92 447.50 526.38 606.89 687.11
25 TOTAL LIABILITIES (18+24) 40.03 254.72 424.42 486.71 509.20 533.70 560.28 589.16 647.87 728.09
Sl.   Particulars Constn. Period OPERATING YEARS
No
2011 2012 2013 2014 2015 2016 2017 2018
. 2009 2010
  ASSETS                    
   CURRENT ASSETS
26   Cash & Bank Balances 0.00 0.00 27.44 80.38 116.61 158.83 203.22 249.91 326.42 424.44
27 Investments (other than long term
  investments)
  (i) Government & other trustee securities
  (ii) Fixed deposits with banks
28 (i) Receivables Other than Deferred              
  & exports (including bills purchased
  & discounted by bankers) 9.00 19.75 21.57 21.64 21.64 21.64 21.64 21.64
  (months' domestic sales)
  ii) Export receivables (including bills
  purchased/discounted by bankers)
29 Instalments of Deferred Receivables
  (due within one year)
30   Inventory                  
  i) Raw Materials including Stores and
  other items used in the process of
  manufacturing
  a) Imported
  b) Indigenous 9.61 17.18 18.33 18.33 18.33 18.33 18.33 18.33
  ii) Stock in process 1.25 2.44 2.59 2.59 2.59 2.60 2.60 2.61
  iii) Finished Goods 6.20 12.13 12.92 12.94 12.96 12.98 13.00 13.02
  iv) Other Spares 1.24 2.97 3.17 3.17 3.17 3.17 3.17 3.17
  a) Imported
  b) Indigenous
31 Advances to Suppliers of raw
  materials, stores and spares
32   Advance payment of Taxes                
33 Other Current Assets                
34 TOTAL CURRENT ASSETS 0.00 0.00 54.73 134.85 175.17 217.49 261.91 308.62 385.15 483.20
35 Gross Block 40.03 254.72 379.44 379.44 379.44 379.44 379.44 379.44 379.44 379.44
36 Depreciation to date   9.75 27.58 45.41 63.24 81.07 98.89 116.72 134.55
369.6
40.03 254.72 351.86 334.03 316.20 298.38 280.55 262.72 244.89
37 Net Block (35-36) 9
38 Investments / book debts / adv
  deposits not current assets
39 Security Deposit                    
40 Other Non current assets
41 TOTAL OTHER NON-CURRENT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
42 INTANGIBLE ASSETS
 
424.4
40.03 254.72 486.71 509.20 533.70 560.28 589.16 647.87 728.09
43 TOTAL ASSETS 2

Draw Down Schedule

Quarter starting   Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-09
Quarter ending   Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-09
Year Ending   Mar-09 Mar-09 Mar-10 Mar-10 Mar-10 Mar-10 Mar-11 Mar-11 Mar-11 Mar-11
Land & Site Development 17.50 1.20 6.00 4.50 1.80 2.25 1.00 0.25 0.25 0.13 0.13
Civil & Structural Works 56.55 2.11 5.97 5.97 7.03 9.17 10.24 3.21 4.28 4.28 4.28
Plant & Machinery 254.76 5.44 16.33 20.41 20.41 58.62 44.52 5.94 11.87 35.61 35.61
Technical Know-how Fee
etc. 5.08 0.29 0.43 0.72 0.57 0.76 0.76 0.44 0.44 0.33 0.33
Miscellaneous Fixed
Assets 3.50 0.06 0.35 0.35 0.35 0.55 1.36 0.06 0.06 0.09 0.28
Prelim & Pre Op Expenses 9.80 0.52 0.78 0.78 1.04 1.50 1.73 0.69 0.92 0.92 0.92
Contingencies 15.99   - -     8.85       7.15
IDC Total 16.25 0.00 0.14 0.79 1.63 2.66 4.07 0.84 1.11 1.67 2.59
Margin for working capital 13.62           6.82       6.79
Total Project Cost 379.44 9.61 29.99 33.51 32.82 75.51 79.35 11.44 18.94 43.04 58.09
Cumulative Draw Down   9.61 39.60 73.11 105.93 181.45 260.80 272.23 291.18 334.22 392.31
Cumulative Total Equity   9.61 30.14 30.93 41.72 72.01 104.62 109.48 117.37 134.75 158.42
Cumulative Total Debt   0.00 9.46 42.18 64.21 109.44 156.18 162.75 173.81 199.47 233.89
Total   9.61 39.60 73.11 105.93 181.45 260.80 272.23 291.18 334.22 392.31