M/s. S.G.

MEDICOS

CMA DATA
TRADING: MEDICAL SHOP

Prepared By: Vijay Hemwani & Associates

Chartered Accountants
San Gali, M.G.Road, Khandwa
Mob. No.: 9009239911
Office No.: 0733-2228800
Email: vijayhemwani@gmail.com
 PROJECT PROFILE

1 NAME OF THE CONCERN M/S. S.G. MEDICOS

2 ADDRESS KHIRKIYA, KHANDWA

3 FIRM CONSTITUTION PROPRIETORSHIP

4 PROPRIETOR MR. MANOHAR SINGH TOMAR

5 NATURE OF BUSINESS TRADING: MEDICAL SHOP

6 PROJECT FINANCE C.C. LIMIT: RS. 9.50 LACS

7 BANKER CANARA BANK

KHIRKIYA BRANCH, KHANDWA

Disclaimer : This Project Report is prepared on the basis of Reasonable Assumptions,

Information and Quotations provided to us by the client.
 M/S. S.G. MEDICOS

Projected Balance Sheet

Particulars 2021-22 2022-23 2023-24 2024-25 2025-26
Actual Actual Estimated Projected Projected
Sources of Funds:
Proprietor's Capital:
Opening Fund 33.10 35.82 38.63 41.87 46.32
Add: Profit for the year 3.75 3.52 4.32 5.93 6.82
Add : Subsidy - - - - -
Less: Drawings 1.03 0.71 1.08 1.48 1.70
Closing Balance 35.82 38.63 41.87 46.32 51.43

Loans:
C.C. Limit 5.04 8.99 9.50 9.50 9.50
Term Loan 11.00 9.21 7.00 5.00 3.00

Current Liabilities & Provisions:

Sundry Creditors 25.09 32.11 35.00 37.00 39.00

Total 76.95 88.94 93.37 97.82 102.93

Application of Funds:
Fixed Assets 1.85 1.58 1.35 1.16 1.01

Current Assets :
- Deposits 10.69 10.55 11.00 11.50 12.00
- Sundry Debtors 1.22 1.75 2.00 2.40 2.87
- Inventories
- Raw Material - - - - -
- Finished Goods 62.17 74.37 78.09 81.99 86.09
- Cash & Cash Equivalents 1.02 0.69 0.94 0.77 0.95

Total 76.95 88.94 93.37 97.82 102.93

 M/S. S.G. MEDICOS

Projected Profitability Statement

Particulars 2021-22 2022-23 2023-24 2024-25 2025-26
Actual Actual Estimated Projected Projected
I. INCOME
Sales 29.75 49.90 59.88 71.86 86.23
Change in Stock 9.20 12.20 3.72 3.90 4.10
Other Income - - - - -
Total 38.95 62.10 63.60 75.76 90.33

II. Expenditure
Purchases 33.13 55.36 55.00 65.00 78.00
Power & Fuel - - - - -
Direct Labour - - - - -
Other Direct Expenses - - - - -
Selling & Administrative Expenses 1.27 1.59 2.99 3.59 4.31
Total 34.40 56.95 57.99 68.59 82.31

III. Profit Before Int. & Dep. (I-II) 4.55 5.15 5.60 7.17 8.02

Interest :
- On CC Limit 0.48 1.36 1.05 1.05 1.05
- On Term Loan - - - - -
Depreciation 0.32 0.27 0.23 0.19 0.15
Tax - - - - -
IV. Total (Int., & Dep.) 0.80 1.63 1.28 1.24 1.20

V. Net Profit After Int, Dep & Tax(III-IV) 3.75 3.52 4.32 5.93 6.82

Debt Service Coverage Ratio:

Services:
Profit After Tax 3.75 3.52 4.32 5.93 6.82
Add: Depreciation 0.32 0.27 0.23 0.19 0.15
Add: Interest - - - - -
Total 4.07 3.79 4.55 6.12 6.97
Debt:
- Principal 2.00 1.79 2.21 2.00 2.00
- Interest on Term Loan - - - - -
Total 2.00 1.79 2.21 2.00 2.00

DSCR 2.04 2.12 2.06 3.06 3.48

Average DSCR 2.55
M/S. S.G. MEDICOS
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
Form II : Operating Statements
(Amount - Rs in Lacs )
2021-22 2022-23 2023-24 2024-25 2025-26
Actual Actual Estimated Projected Projected
1. Gross Sales
(i) Domestic Sales 29.75 49.90 59.88 71.86 86.23
(ii)Exports - - - - -
2.Less : Excise Duty - - - -
3.Net Sales (1 - 2) 29.75 49.90 59.88 71.86 86.23
4.% rise ( + ) or fall ( - ) in net sales as compared
to previous year 68% 20% 20% 20%
5.Cost of Sales
(i)Raw Materials including stores and other items
used ( in the process of manufacture)
(ii) (a) Imported - - - - -
(b) Indigenous (Adjusted) 33.13 55.36 55.00 65.00 78.00
(iii) Power and Fuel - - - - -
(iv) Direct labour (Factory wages and salaries) - - - - -
(v) Other direct expenses - - - - -
(vi) Depreciation 0.32 0.27 0.23 0.19 0.15
(vii) Sub-total ( i to vi ) 33.45 55.63 55.23 65.19 78.15
(viii) ADD:Opening stock in Process - - - - -
Sub-total 33.45 55.63 55.23 65.19 78.15
(ix) DEDUCT :Closing stocks in Process - - - - -
(x) Cost of Production 33.45 55.63 55.23 65.19 78.15
(xi) ADD: Opening stocks of finished goods 52.97 62.17 74.37 78.09 81.99
Sub-Total 86.42 117.80 129.60 143.28 160.14
(xii) DEDUCT: Closing stocks of finished goods 62.17 74.37 78.09 81.99 86.09
(xiii) Sub-Total ( Total cost of sales ) 24.25 43.43 51.51 61.29 74.05

6. Selling, general and admn. expenses 1.27 1.59 2.99 3.59 4.31
7. Sub-total ( 5 + 6 ) 25.52 45.02 54.51 64.88 78.36

8. Operating Profit before interest ( 3 - 7 ) 4.23 4.88 5.37 6.98 7.87

9. Interest 0.48 1.36 1.05 1.05 1.05
10. Operating Profit after interest (8 - 9 ) 3.75 3.52 4.32 5.93 6.82
11. (i) Add: Other non-operating income
(ii) Deduct Other non-operating expenses - - - - -
Sub-total ( expenses )
(iii) Net of other non-operating income /
expenses net of 11 (1) & (2) ) - - - - -
12. Profit before tax / loss ( 10 + 11 (iii) ) 3.75 3.52 4.32 5.93 6.82
13. Provision for taxes - - - - -
14. Net Profit / loss ( 12 - 13 ) 3.75 3.52 4.32 5.93 6.82
15. (a) Dividend (Proprietor's withdrawal) 1.03 0.71 1.08 1.48 1.70
(b) Dividend Rate 27% 20% 25% 25% 25%
16. Retained Profit ( 14 -15 ) 2.72 2.81 3.24 4.45 5.11
17. Retained Profit /Net Profit (% age) 73% 80% 75% 75% 75%
ANALYSIS OF BALANCE SHEET
FORM - III
(Amount - Rs in Lacs )
2021-22 2022-23 2023-24 2024-25 2025-26
Actual Actual Estimated Projected Projected
CURRENT LIABILITIES
1. Short term borrowings from banks
( including bills purchased and
discounted and excess borrowings
placed on repayment basis )
(i) from applicant Bank-OCC& BILLS 5.04 8.99 9.50 9.50 9.50
(ii) from other banks - - - - -
(iii) of which BP
Sub-Total (A) 5.04 8.99 9.50 9.50 9.50
2.Short - term borrowings from others
3.Sundry creditors ( trade ) 25.09 32.11 35.00 37.00 39.00
4.Advances 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
loans/ DPG's etc(due within one year ) - - - - -

9.Other current liabilities and provisions

(due within one year)
Sub-Total (B) 25.09 32.11 35.00 37.00 39.00
10. TOTAL CURRENT LIABILITIES 30.13 41.10 44.50 46.50 48.50
( Total of 1 to 9 )
TERM LIABILITIES
11.Debentures (not maturing within one year)
12.Preference shares
( redeemable a-fter one year
13. Term loans ( excluding instalments 11.00 9.21 7.00 5.00 3.00
payable within one year )
14. Deferred paym'ent credits (excluding
instalments p'ayable within one year
15.Term Deposits ( repayable after one year)
16.Other term liabilities (Unsecured Loans) - - - - -
17. TOTAL TERM LIABILITIES 11.00 9.21 7.00 5.00 3.00
( Total of 11 to 16 )
18. TOTAL OUTSIDE LIABILITIES (10 + 17) 41.13 50.31 51.50 51.50 51.50
NET WORTH
19.Capital Account 33.10 35.82 38.63 41.87 46.32
20.General reserve
21.Interest Subsidy
22. Own Contribution
23.Surplus (+) or deficit (-) in Profit and loss
account 2.72 2.81 3.24 4.45 5.11
24.NET WORTH ( Total of 19 to 23 ) 35.82 38.63 41.87 46.32 51.43
25.TOTAL LIABILITIES ( 18 + 24 ) 76.95 88.94 93.37 97.82 102.93
ANALYSIS OF BALANCE SHEET
FORM - III
2021-22 2022-23 2023-24 2024-25 2025-26
Actual Actual Estimated Projected Projected
ASSETS
Current Assets
26.Cash and bank balances 1.02 0.69 0.94 0.77 0.95
27.Investments ( other than long term
investments)
28. (i) Receivables other than deferred and export
receivables ( including bills purchased and
discounted by bankers ) 1.22 1.75 2.00 2.40 2.87
(ii) Export receivables ( including bills purchases
and discounted by the bankers)
( payable within one year )
29. Instalments of deferred receivables
( due with in one year )
30. Inventory :( i )Raw materials (including stores
and other items used in the process of
manufacture
( a ) Imported
( b ) Indigeneous
( i ) Stock - in – process
( ii ) Finished Goods 62.17 74.37 78.09 81.99 86.09
( iii )Other consumable spares
( a ) Imported
( b ) Indigeneous
31. Advance to suppliers of raw materials Stores
and spares
32.Advance payment of taxes
33. Other current assets (major items To be
specified individually )
Advances and Deposits 10.69 10.55 11.00 11.50 12.00
34. TOTAL CURRENT ASSETS 75.10 87.36 92.02 96.66 101.92
( Total of 26 to 33 )
Fixed Assets
35.Gross block ( land and buildings, machinery,
work-in-progress ) 2.17 1.85 1.58 1.35 1.16
Addition - - - - -
36.Depreciation to date 0.32 0.27 0.23 0.19 0.15
37.NET BLOCK ( 35 – 36 ) 1.85 1.58 1.35 1.16 1.01
OTHER NON-CURRENT ASSETS
38.Investments/bookdebts/advances/deposits
which are not current assets
( I ) (a) Investments in subsidiary companies /
affiliates
( ii ) ( b ) Others - - - - -
( iii )Deferred receivables (maturity exceeding
one year )
( iv) Others
39. Non-consumable stores and spares
40. Other non-current assets including Dues
from Directors
41.TOTAL OTHER NON-CURRENT ASSETS 0.00 0.00 0.00 0.00 0.00
ANALYSIS OF BALANCE SHEET
FORM - III
(Amount - Rs in Lacs )
2021-22 2022-23 2023-24 2024-25 2025-26
Actual Actual Estimated Projected Projected
42.INTANGIBLE ASSETS - - - - -
(patents, goodwill preliminary
expenses bad / doubtful debts not
provided for, etc.,)
43.TOTAL ASSETS 76.95 88.94 93.37 97.82 102.93
( Total of 34, 37, 41 & 42 )

44.TANGIBLE NET WORTH ( 24 - 42 ) 35.82 38.63 41.87 46.32 51.43

45.NET WORKING CAPITAL(34-09) 44.97 46.26 47.52 50.16 53.42

46.Current Ratio ( items 34 / 10 ) 2.49 2.13 2.07 2.08 2.10

47.Total Outside liabilities /

Tanible net worth ( 18 / 44 ) 1.15 1.30 1.23 1.11 1.00

Additional Information :-- NIL NIL NIL NIL NIL

( A ) Arrears of depreciation :

( B ) Contingent liabilities:

( i ) Arrears of cumulative dividends

( ii ) Gratuity scheme for staff

( iii ) Other liabilities not provided for

Form IV
COMPARITIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES
(Amount - Rs in Lacs )
2021-22 2022-23 2023-24 2024-25 2025-26
Actual Actual Estimated Projected Projected
A.CURRENT ASSETS
Raw material (including stores and other items
used in the process of manufacture )
a) Imported Months consumption
(b) Indigenious Months consumption

2.Other consumable spares excluding those

included in item ( i ) above

a) Imported Months consumption

(b) Indigenious Months consumption - - - - -

3.Stocks-In-Process
Months' cost of production - - - - -

4.Finished goods: 62.17 74.37 78.09 81.99 86.09

Months cost of sales

5. Receivables other than export and

deferred receivables including bill
purchased and and discounted by bankers 1.22 1.75 2.00 2.40 2.87
Months domestic sales excluding deferred
payment sales
6.Export receivables (including bill purchased
and discounted Months Export sales
7.Advances to suppliers of raw materials &
stores / spares consumables
8.Other current assets including
cash and bank balances and
deferred receivables due with
in one year ( major items )
Cash & Bank balances 1.02 0.69 0.94 0.77 0.95
Advance Taxes
Others 10.69 10.55 11.00 11.50 12.00
9.TOTAL CURRENT ASSETS 75.10 87.36 92.02 96.66 101.92
( To agree with 34 in form III )
B. CURRENT LIABILITIES
(Other than bank borrowings for working capital)
10.Creditors for purchase of raw materials, stores
& consumable spares 25.09 32.11 35.00 37.00 39.00
( Month's purchases )
11.Advances from customers
12.Statutory liabilities
13.Other current liabilities Instalments of TL &
DPG Public Deposits/ Unsecured Loans Others - - - - -
14.TOTAL 25.09 32.11 35.00 37.00 39.00
(to agree with Sub-total (B)
Form V
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(Amount - Rs in Lacs )
2021-22 2022-23 2023-24 2024-25 2025-26
Actual Actual Estimated Projected Projected

1. Total Current Assets ( 9 in Form IV ) 75.10 87.36 92.02 96.66 101.92

2. Other Current Liabilities 25.09 32.11 35.00 37.00 39.00

(Other than bank borrowing)
( 14 in Form IV )

3. Working capital gap (WCG) ( 1 -- 2 ) 50.01 55.25 57.02 59.66 62.92

4. Minimum stipulated net working

Capital i.e., 25 % of WCG / 25 % of
total current assets as the case 12.50 13.81 14.26 14.91 15.73
may be depending upon the method of
lending being applied (Export recei
-vables to be excl. in both methods)

5. Actual / Projected net working capital 44.97 46.26 47.52 50.16 53.42
( 45 in Form III )

6. Item 3 minus item 4 37.51 41.44 42.77 44.74 47.19

7. Item 3 minus item 5 5.04 8.99 9.50 9.50 9.50

8. Maximum permissible bank finance 5.04 8.99 9.50 9.50 9.50

( item 6 or 7 whichever is lower )
Actual/Projected Bank Borrowings 5.04 8.99 9.50 9.50 9.50

9. Excess borrowings ( representing - - - - -

shortfall in NWC)
Form V1
FUNDS FLOW STATEMENT
(Amount - Rs in Lacs )
2021-22 2022-23 2023-24 2024-25 2025-26
Actual Actual Estimated Projected Projected
SOURCES
1.(a) Net Profit 3.75 3.52 4.32 5.93 6.82
(b) Depreciation 0.32 0.27 0.23 0.19 0.15
(c) Increase in capital 33.10 - - - -
(d) Increase in Term Liabilities including
public deposits 13.00 - - - -
(e) Decrease in
(i) Fixed Assets - - - - -
(i) Other non-current assets
(f) Others : Unsecured Loans - - - - -

(g) TOTAL 50.17 3.79 4.55 6.12 6.97

USES
2.(a) Net Loss
(b) Decrease in Term Liabilities including public
deposits 2.00 1.79 2.21 2.00 2.00

(c) Increase in
(i) Fixed Assets 2.17 - - -
(ii) Other non- current assets 10.69 (0.14) 0.45 0.50 0.50

(d) Dividend (Proprietor's Withdrawals) 1.03 0.71 1.08 1.48 1.70

(e) Others - - - - -

(f) TOTAL 15.89 2.36 3.74 3.98 4.20

3. Long Term Surplus ( + )/Deficit (-) ( 1 – 2 ) 34.28 1.43 0.81 2.14 2.76
4.Increase / Decrease in Current Assets * ( as per
details given below ) 64.41 12.40 4.21 4.14 4.76
5.Increase / Decrease in Current Liabilities other
than Bank borrowings ) 25.09 7.02 2.89 2.00 2.00
6.Increase/Decrease in Working capital gap(4-5) 39.32 5.38 1.32 2.14 2.76
7. Net Surplus ( + ) / Deficit ( -- ) (5.04) (3.95) (0.51) 0.00 -
( difference of 3 & 6 )
8.Increase / Decrease in bank borrowings 5.04 3.95 0.51 - -
*Break-up of ( 4 ) :
(i) Increase / Decrease in Raw Materials - - - - -
(ii) Increase / Decrease in Stock-in-Process - - - - -
(iii)Increase / Decrease in Finished Goods 62.17 12.20 3.72 3.90 4.10
(iv)Increase / Decrease in Receivables
( a ) Domestic 1.22 0.53 0.25 0.40 0.48
( b ) Export
(v)Increase / Decrease in Stores & Spares - - - - -
(vi)Increase / Decrease in Other current assets 1.02 (0.33) 0.25 (0.17) 0.18
Total 64.41 12.40 4.21 4.14 4.76
M/S. S.G. MEDICOS
Assesment of Working Capital Requirements
Financial Indicators
PARTICULARS 2021-22 2022-23 2023-24 2024-25 2025-26
Actual Actual Estimated Projected Projected
1. Net Sales 29.75 49.90 59.88 71.86 86.23
2. Operating Profit 4.23 4.88 5.37 6.98 7.87
3. Profit After Tax 3.75 3.52 4.32 5.93 6.82
3.1. Gross Profit 5.82 6.74 8.60 10.76 12.33
A. PAT / Net sales( % ) 12.61% 7.05% 7.22% 8.25% 7.90%
B. Operating Profit / Net Sales (%) 14.22% 9.78% 8.98% 9.71% 9.12%
B.1. Gross Profit Ratio 19.56% 13.51% 14.36% 14.97% 14.30%
4. Tangible Net Worth 35.82 38.63 41.87 46.32 51.43
5. Total Outside Liability 41.13 50.31 51.50 51.50 51.50
C. TOL / TNW 1.15 1.30 1.23 1.11 1.00
6. PBDIT 4.55 5.15 5.60 7.17 8.02
7. Interest 0.48 1.36 1.05 1.05 1.05
D. ISCR (PBDIT / Int.) 0.00 3.79 5.34 6.83 7.63
8. Current Assets 75.10 87.36 92.02 96.66 101.92
9. Current Liabilities 30.13 41.10 44.50 46.50 48.50
E. Current Ratio (CA/CL) 2.49 2.13 2.07 2.08 2.10
F. Bank Finance / TCA ( % ) 14.65% 10.54% 7.61% 5.17% 2.94%
G. Gross Sales / Total Current Assets 0.40 0.57 0.65 0.74 0.85
H. Operating Profit / TNW ( % ) 11.81% 12.63% 12.84% 15.06% 15.29%
10. Long Term Debt 11.00 9.21 7.00 5.00 3.00
11. Equity 35.82 38.63 41.87 46.32 51.43
I. Capital Employed 46.82 47.84 48.87 51.32 54.43
J. Debt/Equity Ratio 0.31 0.24 0.17 0.11 0.06
K. Net Profit / Capital Employed (%) 8.01% 7.36% 8.85% 11.55% 12.52%
12. Inventories 62.17 74.37 78.09 81.99 86.09
L. Inventory Turnover Ratio 0.48 0.67 0.77 0.88 1.00
M. Inventory Turnover Period 762.76 543.99 475.99 416.49 364.43
13. Receivables 1.22 1.75 2.00 2.40 2.87
N. Receivables Turnover Ratio 24.39 28.51 30.00 30.00 30.00
O. Receivables Turnover Period 14.97 12.80 12.17 12.17 12.17
14. Payables 25.09 32.11 35.00 37.00 39.00
15. Purchases 33.13 55.36 55.00 65.00 78.00
P. Payables Turnover Ratio 1.32 1.72 1.57 1.76 2.00
Q. Payables Turnover Period 276.42 211.71 232.27 207.77 182.50