FORM -IV

COMPRAATIVE STATEMENT OF
CURRENT ASSETS & CURRENT LIABILITIES

Borrower's Name : PHOX INDIA EQUIPMENTS PRIVATE LIMITED

Estimated Projected Projected

31.03.24 31.03.25 31.03.26

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
(Months consumption) 0 0 0

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

4 Finished goods 4.34 4.88 6.02

133 150 164
(Months cost of sales)
5.1 Receivables other than export and defferred
(including bills purchased & discounted by
bankers) 3.65 4.02 4.42
172 165 137
Months domestic sales :
Excluding defferred payment sales :

6 Export receivables 0.00 0.00 0.00

(Including bills purchased and discounted by) 0 0 0
Months Export Sales :
 Borrower's Name : PHOX INDIA EQUIPMENTS PRIVATE LIMITED

Estimated Projected Projected

31.03.24 31.03.25 31.03.26

7 Advances to supplies of raw materials and 0.00 0.00 0.00

sotores,spares consumables

Advance Income Tax 0.00 0.00 0.00

8 Other current assets excluding cash and

bank balance and defferred receivables due 4.01 3.93 6.45
within one year (specify major items)

Cash & Bank Balances 1.23 1.63 3.65

9 Total Current assets ( to agree with item 38 13.23 14.46 20.54

in form III) 0.00 0.00 0.00

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

10 Creditors for purcahses of raw materials and 1.23 1.36 1.95

stores and consumables spares 103 99 129
11 Adance from Customers 0.00 0.00 0.00
12 Statutory liabilities 0.00 0.00 0.00
Provision for Gratuity 0 0 0
Provision for Taxation 0 0.00 0.00
13 Other current liabilities (major items to be 0 0 0
specified)
Short term borrowings/unsecured loan's / 0 0 0
dividend payable/instalment of T.L./DIP
Installment of Term Loan 0.00 0.00 4.64
Others 0.54 0.67 0.77

14 Total 104.84 101.13 136.53

(To agree with sub-total in Form III)
103.07 99.10 129.18
 Borrower's Name : PHOX INDIA EQUIPMENTS PRIVATE LIMITED

Estimated Projected Projected

31.03.24 31.03.25 31.03.26

I Total current Assets (9 in form IV) 13.23 14.46 20.54

II Total Current Liabilities (Other than bank

borrowing) (14 of form IV) 104.84 101.13 136.53

III Working Capital Gap (WCC) ( I-II) -91.61 -86.68 -115.99

IV Actual /Projected Bank Borrowings 2.36 2.36 2.36

V Total Current Liabilities ( II + IV) 107.20 103.49 138.89

VI Actual / projected net working capital (I-V) -93.97 -89.04 -118.35

VII Minimum Stipulated Net Working Capital

(25% of iii or I as case may be) 3.31 3.61 5.13

VIII Item III- Item VII -94.92 -90.29 -121.13

IX Item III- Item VI 2.36 2.36 2.36

X Maximum Permissible Bank Finance (Item

VIII or Item IX whichever is lower) 2.36 2.36 2.36

XI Excess Borrowings (representing shortfall in 0.00 0.00 0.00

Net working Capital to be converted into
Working Capital Term Loan)