M/s.

Devmeta Industries LLP

FORM II : OPERATING STATEMENT
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS Rs. In Lakhs
PROJ PROJ PROJ PROJ PROJ PROJ PROJ
PARTICULARS
1 Gross Sales
(I) Domestic Sales 1,800.00 2,719.20 3,025.73 3,343.43 3,672.63 4,013.66 4,366.86
Total Sales 1,800.00 2,719.20 3,025.73 3,343.43 3,672.63 4,013.66 4,366.86
2 Less : Excise Duty
3 Net sales (1-2) 1,800.00 2,719.20 3,025.73 3,343.43 3,672.63 4,013.66 4,366.86
% age rise (+) or fall (-) in net sales as compared to
4 51.07% 11.27% 10.50% 9.85% 9.29% 8.80%
previous year
Cost of Sales (including stores and other items
5
used
in the process of manufacture)
Raw Material (including stores and other items
a)
used in the process of manufacture)
i) Imported
ii) Cost of Raw Materials Consumption 989.16 1,477.13 1,636.82 1,808.48 1,986.36 2,170.63 2,361.47
b) Power, Fuel, Packing and Misc. 351.00 530.24 590.02 651.97 716.16 782.66 851.54
c) Cost of Labour 180.00 271.92 302.57 334.34 367.26 401.37 436.69
d) Repairs/Maint. 54.00 81.58 90.77 100.30 110.18 120.41 131.01
e) Transportation 36.00 54.38 60.51 66.87 73.45 80.27 87.34
f) Depreciation 27.19 32.64 28.35 24.67 21.51 18.80 16.47
f) Sub- total (item a to e) 1,637.35 2,447.90 2,709.04 2,986.63 3,274.92 3,574.14 3,884.51
g) Add: Opening stock in process 8.88 13.41 14.92 16.49 18.11 19.79
h) Sub total (item f-g) 1,637.35 2,456.77 2,722.45 3,001.55 3,291.41 3,592.25 3,904.30
i) Less: Closing stock in process 8.88 13.41 14.92 16.49 18.11 19.79 21.54
j) Cost of production (item h-i) 1,628.47 2,443.36 2,707.53 2,985.06 3,273.30 3,572.46 3,882.77

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 M/s. Devmeta Industries LLP
FORM II : OPERATING STATEMENT
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS Rs. In Lakhs
PROJ PROJ PROJ PROJ PROJ PROJ PROJ
PARTICULARS
k) Add: Opening stocks of finished goods 19.73 29.80 33.16 36.64 40.25 43.99
l) sub total 1,628.47 2,463.09 2,737.33 3,018.22 3,309.94 3,612.70 3,926.75
m) Less: Closing stocks of finished goods 19.73 29.80 33.16 36.64 40.25 43.99 47.86
n) Sub total (Total cost of sales) 1,608.75 2,433.29 2,704.17 2,981.58 3,269.69 3,568.72 3,878.89
\

GROSS PROFIT 191.25 285.91 321.56 361.85 402.94 444.94 487.97

6 Adm. and Seling Expense 90.00 135.96 151.29 167.17 183.63 200.68 218.34
Partners' Remunaration 50.00 50.00 55.00 60.50 66.55 73.21 80.53
7 Sub-total ( 5 + 6 ) 1,748.75 2,619.25 2,910.45 3,209.25 3,519.87 3,842.61 4,177.76
8 Operating Profit before Interest (3 - 7) 51.25 99.95 115.27 134.18 152.75 171.05 189.10
9 Interest 26.37 32.14 29.41 30.93 28.19 25.46 22.33
10 Operating Profit after Interest (8 - 9) 24.88 67.81 85.87 103.25 124.56 145.59 166.77
11 Other Income
I) Add: Other non-operative income
a) Write backs
b) Other income
Sub total (Income)
ii) Less: Other non-operative expenses
a) Write off
b) Other expenses
c) Previous year's adj.
Sub total (expenses)
Net of other non-operative Income/Expenses
iii)
[Net
of 11(I) & 11(ii)]

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 M/s. Devmeta Industries LLP
FORM II : OPERATING STATEMENT
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS Rs. In Lakhs
PROJ PROJ PROJ PROJ PROJ PROJ PROJ
PARTICULARS
12 Profit before tax/loss [10 + 11(iii)] 24.88 67.81 85.87 103.25 124.56 145.59 166.77
13 Provision for taxes 6.22 16.95 21.47 25.81 31.14 36.40 41.69
14 Net Profit / loss (12 - 13) 18.66 50.86 64.40 77.44 93.42 109.19 125.07
Equity dividend paid amount (already paid + B.S.
15 25.00 25.00 25.00 25.00 25.00
provision)
Dividend Rate (%age)
16 Retained Profit (14 - 15) 18.66 50.86 39.40 52.44 68.42 84.19 100.07
17 Retained Profit / Net Profit (%age)
NET CASH ACCRUAL 45.85 83.50 92.75 102.10 114.93 127.99 141.54

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 M/s. Devmeta Industries LLP
FORM III - ANLAYSIS OF BALANCE SHEET Rs. In Lakhs
PROJ PROJ PROJ PROJ PROJ PROJ PROJ
PARTICULARS
LIABILITIES
CURRRENT LIABILITIES
Short-term borrowings from banks (including
1 bills purchased and discounted and the excess
borrowings pllaced on repaymentbasis)
I From applicant bank 100.00 200.00 200.00 250.00 250.00 250.00 250.00
II From other banks
III (Of which BP & BD)
Sub-total (A) 100.00 200.00 200.00 250.00 250.00 250.00 250.00
2 Short-term borrowings from other Banks
3 Deposits (maturing within 1 yr)
4 Sundry Creditors (Trade) 27.10 40.47 44.84 49.55 54.42 59.47 64.70
5 Unsecured Loans
Advances/progress payments from
6 customers/depositos from dealers selling
agents.etc.
Interest and other charges accrued but not due
7
for payment
8 Provisiion for taxation 6.22 16.95 21.47 25.81 31.14 36.40 41.69
9 Dividend payable
Other Statutory liabilities (due within one year
10
(TDS/sales tax)
Instalments of term loans/deferred payment
11 credits/debentures/redeemable preference
shares (due within 1 yr.)
I) Term Loan Instalment 32.14 32.14 32.14 32.14 32.14 32.14 32.14

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 Other current liabilities and provisions(due
12 within 1 year) (major items to be specified 31.27 46.20 51.38 56.76 62.35 68.16 74.20
individually) Creditors for capital goods)
Sub total (B) 96.74 135.76 149.83 164.26 180.06 196.17 212.73
TOTAL CURRENT LIABILITIES (Total of
13 196.74 335.76 349.83 414.26 430.06 446.17 462.73
items 1 to 12)
TERM LIABILITIES
14 Debentures (not maturing within one year)
Redeemable preference share (not maturing
15 within 1 year butof maturity not exceeding 12
year)
Term Loan (exclusive of instalments payable
16 160.71 128.57 96.43 64.29 32.14 0.00
within 1 year)
Deferred payment credits(exclusive of
17
Instalments payable within 1 year)
18 Term Deposits (repayable after one year)
19 Other term liabilities (Unsecured Loans) 75.00 75.00 75.00 75.00 75.00 75.00 75.00
TOTAL TERM LIABILITIES (Total of items 14 to
20 235.71 203.57 171.43 139.29 107.14 75.00 75.00
19)
TOTAL OUTSIDE LIABILITIES (item 13 plus item
21 432.45 539.33 521.26 553.55 537.20 521.17 537.73
20)
NET WORTH

22 Ordinary share capital promoters contribution 100.00 100.00 100.00 100.00 100.00 100.00 100.00
23 Share Application Money
24 General Reserve 18.66 69.52 108.92 161.35 229.78 313.97 414.04
25 Investment All. Reserve
26 Other reserves (excluding provisions) (subsidy)

27 Surplus (+) or deficit(-) in profit and loss account

28 NET WORTH (Total of items 22 to 27) 118.66 169.52 208.92 261.35 329.78 413.97 514.04

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29 TOTAL LIABILITIES (item 21 plus item 28) 432.45 539.33 521.26 553.55 537.20 521.17 537.73
CURRENT ASSETS
30 Cash and bank balance 4.63 5.79 7.23 9.04 11.30 14.13 17.66
Investments (other than long term investments
31
e.g., sinking fund, Gratuity Fund etc)
I) Govt. and other Trustee securities
ii) Fixed deposits with bank
32 Receivables other than
Receivables other than deferred and export
I) receivables (includingbills purchased and 147.95 223.50 248.69 274.80 301.86 329.89 358.92
discounted)
Export receivables (including bills purchased and
ii)
discounted by bankers)
Instalments of deferred receivables (due within
33
one year)
34 INVENTORY
i) Raw material 18.64 28.16 31.33 34.63 38.03 41.57 45.22
ii) Work in process 8.88 13.41 14.92 16.49 18.11 19.79 21.54
iii) Finished goods 19.73 29.80 33.16 36.64 40.25 43.99 47.86
iv) Packing Material
Advances to suppliers of Raw materials and
35
stores/spares consumable.
36 Advance payment of taxes
Other current Assets (major items to be specified
37 3.48 93.02 108.01 181.14 216.77 263.92 303.05
individually) Loans & Adv.
TOTAL CURRENT ASSETS (Total of items 30 to
38 203.30 393.67 443.35 552.74 626.33 713.28 794.25
37)

39 FIXED ASSETS
Gross Bolock (Land and buildings, machinery
375.00 375.00 375.00 375.00 375.00 375.00 395.00
consstruction-in-progress etc)
40 Depreciation to date. 27.19 59.83 88.17 112.84 134.35 153.15 169.62

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41 NET BLOCK (item 39 minus item 40) 347.81 315.17 286.83 262.16 240.65 221.85 225.38
OTHER NON CURRENT ASSETS
Investments/bookdebts/advances/deposits,
42
which are not curent asssets
I) a) Investments in subsidiary companies
b) Others
Advance to suppliers of capital good/spares and
ii)
contractors for capital expenditure
Deffrred receivables (other than those maturing
iii)
within one year)
iv) Others
43 Non-consumables stores and spares
Other Miscellaneous assets including dues from
44
directors
TOTAL OTHER NON-CURRENT ASSETS (Total of
45
items 42 to 44)
INTANGIBLE ASSETS
(Patents,goodwill,preliminary and formation
46
expenses/bad/doubtful debts not provided for
etc.)

47 TOTAL ASSETS (Total of items 38,41,45 and 46) 551.11 708.84 730.18 814.90 866.98 935.14 1,019.63
118.66 169.51 208.92 261.35 329.78 413.97 481.90
48 TANGIBLE NET WORTH (item 28 minus item 46) 118.66 169.52 208.92 261.35 329.78 413.97 514.04

49 NET WORKING CAPITAL (item 38 minus item 13) 6.56 57.91 93.52 138.48 196.27 267.11 331.52
50 CURRENT RATIO (item 38 divide item 13) 1.03 1.17 1.27 1.33 1.46 1.60 1.72
TOTAL OUTSIDE LIABILITIES/TANGIBLE NET
51 3.64 3.18 2.50 2.12 1.63 1.26 1.05
WORTH (Item 21 Divide Item 48)
TOTAL TERM LIABILITIES/TANGIBLE NET WORTH
52 1.99 1.20 0.82 0.53 0.32 0.18 0.15
(Item 20 Divide Item 48)

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 M/s. Devmeta Industries LLP
DSCR CALCULATION
2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29
Particulars Total
Proj. Proj. Proj. Proj. Proj. Proj. Proj.
Profit after tax before
Defferred Taxation 18.66 50.86 64.40 77.44 93.42 109.19 125.07 539.04
Depreciation 27.19 32.64 28.35 24.67 21.51 18.80 16.47 169.62
Misc. expenses
CASH ACCRUALS [A] 45.85 83.50 92.75 102.10 114.93 127.99 141.54 708.66
Add Interest 17.87 15.14 12.41 9.68 6.94 4.21 1.08 67.34
SUB TOTAL - I [B] 63.72 98.64 105.15 111.78 121.87 132.20 142.62 775.99
TL instalment 32.14 32.14 32.14 32.14 32.14 32.14 32.14 225.00
Interest on TL 17.87 15.14 12.41 9.68 6.94 4.21 1.08 67.34
SUB TOTAL - [C] 50.02 47.28 44.55 41.82 39.09 36.35 33.22 292.34
DSCR (with interest) B/C 1.27 2.09 2.36 2.67 3.12 3.64 4.29 2.65

AVERAGE DSCR 3.03

 M/s. Devmeta Industries LLP
Particulars 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29
Net Sales 1,800 2,719 3,026 3,343 3,673 4,014 4,367
PBT 24.88 67.81 85.87 103.25 124.56 145.59 166.77
PAT 18.66 50.86 64.40 77.44 93.42 109.19 125.07
Cash Accruals 45.85 83.50 92.75 102.10 114.93 127.99 141.54
Net Worth 119 170 209 261 330 414 514
TOL/ TNW 3.64 3.18 2.50 2.12 1.63 1.26 1.05
Current Ratio 1.03 1.17 1.27 1.33 1.46 1.60 1.72
NP To Total Income
1.04% 1.87% 2.13% 2.32% 2.54% 2.72% 2.86%
(%)