16.03.2024 Modified CMA GUPTA - After Change

M/s Gupta Food Products
FORM II - OPERATING STATEMENT

Rs. lacs Rs. lacs
Actual Estimated Projected Projected Projected Projected Projected Projected
31.03.2023 31.03.2024 31.03.2025 31.03.2026 31.03.2027 31.03.2028 31.03.2029 31.03.2030
1 Gross Sales 21.12 26.00 30.00 96.00 105.00 112.00 118.00 120.00
I) Domestic Sales 21.12 26.00 30.00 96.00 105.00 112.00 118.00 120.00
ii) Export Sales
other operting income
2 Less : Excise Duty 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Net Sales 21.12 26.00 30.00 96.00 105.00 112.00 118.00 120.00
4 %age rise(+) or fall (-) in net sales 0% 23% 15% 220% 9% 7% 5% 2%
5 Cost of Sales
I)Raw Material Consumed (incl. stores and 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
other items used in process of mfg.)
Opening stock of Raw Material/Stock
Add Purchases
Less : Closing Stock of Raw Material/Stock
ii) Other spares/stores 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a) Imported
b) Indigeneous
iii) Power & Fuel 0.84 0.92 1.00 1.60 1.80 1.90 2.00 2.00
iv) Direct labour (factory wages & labour) 5.56 5.50 7.00 18.75 19.50 19.60 19.60 19.60
v) Other manufacturing/direct expenses 2.22 2.30 3.50 7.60 8.00 8.10 8.15 8.15
vi) Depreciation (on assets for mfg.) 0.04 3.33 2.83 2.41 2.04 1.74 1.48 1.25
vii) SUB-TOTAL 8.66 12.05 14.33 30.36 31.34 31.34 31.23 31.00
viii) Add : Opening stock-in-process
Sub-Total 8.66 12.05 14.33 30.36 31.34 31.34 31.23 31.00
ix) Deduct : Closing stock-in-process
x) Cost of Production 8.66 12.05 14.33 30.36 31.34 31.34 31.23 31.00
xi) Add : Opening stock of finished goods 9.01 10.39 6.50 15.70 16.20 17.00 17.50 17.50
Add: Purchase of finished goods 6.95 6.50 9.00 38.00 45.00 52.00 57.00 60.00
Sub-Total 24.62 28.94 29.83 84.06 92.54 100.34 105.73 108.50
xii) Deduct : Closing stock of finished goods 10.39 6.50 8.50 16.20 17.00 17.50 18.00 18.50
xiii) SUB TOTAL (Total cost of sales) 14.23 22.44 21.33 67.86 75.54 82.84 87.73 90.00
6 Selling, general and admns. Expenses (incl. 12.80 12.80 12.80 12.80
depr. of assets which are not used for mfg.) 2.48 3.50 4.40 12.80
7 SUB TOTAL 16.71 25.94 25.73 80.66 88.34 95.64 100.53 102.80
8 Operating profit before interest 4.41 0.06 4.27 15.34 16.66 16.36 17.47 17.20
9 Interest Exp. 1.43 1.52 3.18 3.00 2.57 2.15 1.87 1.58
Interest on CC 0.48 0.57 0.58 0.60 0.62 0.64 0.66 0.68
Interest on Term Loan (Business Loan) 0.95 0.95 2.60 2.40 1.95 1.51 1.21 0.90
Interest on other Loan
10 Operating profit after interest 2.98 -1.46 1.09 12.34 14.09 14.21 15.60 15.62
11 I) Add : Other non-operating income
a) Duty draw-back etc. 0.00
Dividend on Investment 0.00
b) Others (Bank Interest, FDR interest, Foreign 2.52 3.50 4.00 2.72 2.78 2.84 2.90 2.96
currency fluctuation & Interest on post office
deposit)
Sub Total (income) 2.52 3.50 4.00 2.72 2.78 2.84 2.90 2.96
ii) Deduct other non-operating expenses
a) Transfer to export business reserve
b) Others
Sub-Total (expenses) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
iii) Net of other non-operating income/expenses 2.52 3.50 4.00 2.72 2.78 2.84 2.90 2.96
(net of 11(I) & (ii))
12 Profit before tax / loss 5.50 2.04 5.09 15.06 16.87 17.05 18.50 18.58
13 Provision for taxation
14 Net profit / loss 5.50 2.04 5.09 15.06 16.87 17.05 18.50 18.58
15 a) equity dividend 0.00 0.00 0.00 0.00 0.00 0.00
b) Dividend rate
16 Retained profit 5.50 2.04 5.09 15.06 16.87 17.05 18.50 18.58
17 Retained profit / Net profit (%) 100% 100% 100% 100% 100% 100% 100% 100%
PBITDA 6.97 6.89 11.10 20.47 21.48 20.94

SALES 21.12 26.00 30.00 96.00 105.00 112.00
PBITDA / SALES * 100 33.00 26.50 37.00 21.32 20.46 18.70
groth in profitability -19.70 39.62 -42.37 -4.06 -8.61
Total Interest on term Loan 0.95 0.95 2.60 2.40 1.95 1.51 1.21 0.90
DSCR calculation 6.83 1.07 1.52 2.52 3.13 3.85 4.26 4.45
PAT+INT+DEP 6.49 6.32 10.52 19.87 20.86 20.30 21.19 20.73
INT+INST. DUE 0.95 5.88 6.92 7.90 6.66 5.27 4.97 4.66
EBITDA Calculation
PAT+INT+DEP+TAX 6.97 6.89 11.10 20.47 21.48 20.94 21.85 21.41
Classification: Internal
Rs. lacs
Projected Projected
31.03.2031 31.03.2032
125.00 0.00
125.00
0.00 0.00
125.00 0.00
4% -100%
0.00 0.00
0.00 0.00
2.00
19.60
8.15
1.07
30.82 0.00
30.82 0.00
30.82 0.00
18.50
65.00
114.32 0.00
19.00
95.32 0.00
12.80
108.12 0.00
16.88 0.00
1.26 0.00
0.70
0.56
15.62 0.00
0.00
0.00
3.02
3.02 0.00
0.00 0.00
3.02 0.00
18.64 0.00
18.64 0.00
0.00
18.64 0.00
100% 100%
0.00
0.00
#DIV/0!
#DIV/0!
0.56 0.00
36.20 #DIV/0!
20.27 0.00
0.56 0.00
20.97 0.00
FORM III - ANALYSIS OF BALANCE SHEET
Rs. lacs
LIABILITIES Actual Estimated Projected Projected Projected Projected Projected Projected Projected Projected
31.03.2023 31.03.2024 31.03.2025 31.03.2026 31.03.2027 31.03.2028 31.03.2029 31.03.2030 31.03.2031 31.03.2032
CURRENT LIABILITIES
1 Short-term borrowing from banks (incl. bill
purchased / discounted & excess borrowing
placed on repayment basis
I) From applicant bank 3.68 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
ii) From other banks
iii) (of which BP and BD)
TOTAL BANK BORROWINGS 3.68 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
2 Short-term borrowing from others
3 Sundry creditors (Trade) 1.85 1.50 3.60 4.40 4.35 4.20 0.85 0.90 0.95
4 Advance payment from customers
5 Provision for taxation
6 Dividend payable
7 Other statutory liabilities (due within one yr)
8 Instalments of term loans (due within one 4.71 3.76 3.76 3.76
4.93 4.32 5.50
year) Business Loan
Instalments of term loans (due within one
year) other than business loan
9 Other current liabilities and provisions due 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
within one year
I) Inter-corporate deposits/ Loan
ii)Others
10 TOTAL CURRENT LIABILITIES 0.00 6.78 5.82 9.10 9.11 8.11 7.96 4.61 0.90 0.95
CURRENT LIABILITIES 3.68 11.78 10.82 14.10 14.11 13.11 12.96 9.61 5.90 5.95
11 Debentures (not maturing within one year)
12 Redeemable preference share (redeemaable
after one year)
Term Loans (excl. installments payable within 1.31 17.02 20.20 12.45 10.41 8.12 5.56 2.70 7.03
1 yr.) Business Term Loan
13 Term Loans (excl. installments payable within 6.82 4.25 0.00 0.95
1 yr.) other than business loan
14 Deferred Payment Credits (excl. installments
due within 1 year)
15 Other Unsecured Loan
16 Other term liabilities - Unsecured Loans
17 TOTAL TERM LIABILITIES 8.13 21.27 20.20 13.40 10.41 8.12 5.56 2.70 7.03 0.00
18 TOTAL OUTSIDE LIABILITIES (10+17) 11.81 33.05 31.02 27.50 24.52 21.23 18.52 12.31 12.93 5.95
NET WORTH
19 Equity Share Capital 5.81 7.85 12.94 18.38 21.45 23.00 25.00 25.08 23.74 38.15
Preference share capital
20 Share Premium Account/ Application money
21 A) General reserve
B) Development rebate reserve / Investment
allowance reserve
22 Infusion of capital
23 Surplus / deficit in P&L a/c
24 NET WORTH 5.81 7.85 12.94 18.38 21.45 23.00 25.00 25.08 23.74 38.15
profit of share from group ac. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
25 TOTAL LIABILITIES (18+24) 17.62 40.90 43.96 45.88 45.97 44.23 43.52 37.39 36.67 44.10
quasi DER 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Drawing Power/Limits after Margin (2013-14)

Stocks Book debts (upto 90 days)
Closing Stock 17.00 Closing debtors 8.49 9.40 0.00 0.00 0.00
less: Trade Creditors 4.40 less: 40% margin 3.40 2.82 0.00 0.00 0.00
12.60 Drawing power/limit5.09 6.58 0.00 0.00 0.00
less: 25% margin 3.15
Drawing power/limit 9.45 Total/Max limits 5.09 6.58 0.00 0.00 0.00
FORM III - ANALYSIS OF BALANCE SHEET
Rs. lacs
ASSETS Actual Estimated Projected Projected Projected Projected Projected Projected Projected Projected
31.03.2023 31.03.2024 31.03.2025 31.03.2026 31.03.2027 31.03.2028 31.03.2029 31.03.2030 31.03.2031 31.03.2032
CURRENT ASSETS
26 Cash & Bank Balances 2.42 5.51 7.54 7.97 7.47 7.74 11.24 11.84 12.77
27 Investments (other than long term)
i) Govt. & other trustee securities
ii) Fixed Deposits with banks
28 I) Receivables other than deferred & 4.58 2.50 8.49 9.40 9.40 9.40 9.00 9.00 9.00
exports (incl. bill purchase / disc.)
ii) Export receivables (incl.bills purchsed &
discounted
29 Installment of deferred receivables
30 Inventory 10.39 6.50 8.50 16.20 17.00 17.50 18.00 18.50 15.50 16.00
I) Raw materials (incl. stores & other items
used in the process of manufacturing
a) Imported
b) Indigenous
c) Raw materials
ii) Stock-in-process 10.39 6.50 8.50 16.20 17.00 17.50 18.00 18.50 15.50 16.00
iii) Finished Goods
iv) Other consumables stores & spares
31 Advance to suppliers
32 Advance payment of taxes
33 Other current assets
34 TOTAL CURRENT ASSETS 17.39 14.51 8.50 32.23 34.37 34.37 35.14 38.74 36.34 37.77
FIXED ASSETS
35 Gross block (land & building,machinery, 13.65 11.60 9.86 8.38 7.12 6.05
0.27 22.23 18.89 16.06
work-in-progress
36 Depreciation for the year 0.04 3.33 2.83 2.41 2.05 1.74 1.48 1.26 1.06 0.91
37 Net Block 0.23 18.90 16.06 13.65 11.60 9.86 8.38 7.12 6.06 5.14
OTHER NON CURRENT ASSETS
38 Investments / book-debts / advance 7.49 9.47
deposits which are non-current assets
i) a) Investments in subsidiaries/ affiliate
b) Others (Invest. + Deposits)
c) Fixed Deposit with BOI
ii) Advance to suppliers of capital goods 7.49 9.47
iii) Deferred receivables (maturing after 1
year)
39 Other non consuamable stores & spares
40 Other non-current assets (int. suspense)
41 TOTAL NON-CURRENT ASSETS 7.49 9.47
42 Intangible assets (Goodwill patents, Pre-
expenses, bad & doubtful debts)
Accumalated losses
43 TOTAL ASSETS 17.62 40.90 34.03 45.88 45.97 44.23 43.52 45.86 42.40 42.91
44 TANGIBLE NET WORTH 5.81 7.85 12.94 18.38 21.45 23.00 25.00 25.08 23.74 38.15
45 NET WORKING CAPITAL 13.71 2.73 -2.32 18.13 20.26 21.26 29.24 32.79 36.34 37.77
46 CURRENT RATIO 4.73 1.23 0.79 2.29 2.44 2.62 2.71 4.03 6.16 6.35
51 TOTAL OUTSIDE LIABILITIES/TNW 2.03 4.21 2.40 1.50 1.14 0.92 0.74 0.49 0.54 0.16
9.93
Holding Period
Raw Material #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Finished Goods #DIV/0!
Stock in process 14.40 6.47 7.12 6.40 6.51 6.70 #DIV/0!
Total Inventory Holding Period #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Debtors Receivable Period 2.60 1.15 1.06 1.07 1.01 -1128000.00
Total #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Less Creditors #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Operating Cycle #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Holding Period
Raw Material #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Finished Goods #DIV/0!
Stock in process 432 194 214 192 195 201 #DIV/0!
Total Inventory Holding Period #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Debtors Receivable Period 78 35 32 32 30 -33840000
Total #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Less Creditors #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Operating Cycle #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
FORM IV - COMPARATIVE STATEMENT OF CA & CL
Rs. lacs
Actual Estimated Projected Projected
31.03.2023 31.03.2024 31.03.2025 31.03.2026
A CURRENT ASSETS
1 Raw materials (incl. stores & other items used in 0.00 0.00 0.00 0.00
the process of manufacturing
b) Indigenous 0.00 0.00 0.00 0.00
------- Month's consumption #DIV/0! #DIV/0! #DIV/0! #DIV/0!
2 Stock-in-process 10.39 6.50 8.50 16.20
------- Month's cost of production 14.40 6.47 7.12 6.40
3 Finished Goods 0.00 0.00 0.00 0.00
------- Month's cost of sales 0.00 0.00 0.00 0.00
4 Receivables other than deferred & exposrts inncl. 4.58 2.50 0.00 8.49
bill purchase / disc.)
------- Month's domestic sales 2.60 1.15 0.00 1.06
5 I) Receivables other than deferred & exposrts 0.00 0.00 0.00 0.00
(incl. bill purchase / disc.)
------- Month's export sales 0.00 0.00 0.00 0.00
B CURRENT LIABILITIES (OTHER THAN BANK
BORROWINGS FOR W.C)
10 Sundry creditors (Trade) 0.00 1.85 1.50 3.60
------- Month's purchase 0.00 3.42 2.00 1.14
Particulars 31.03.2023 31.03.2024 31.03.2025 31.03.2026

Raw materials (incl. stores & other items used in 0.00 0.00 0.00 0.00
the process of manufacturing
Stock-in-process 0.00 0.00 0.00 0.00
Finished Goods 0.00 0.00 0.00 0.00
Total Inventory 0.00 0.00 0.00 0.00
Receivables 2.60 1.15 0.00 1.06
Total Operating Cycle 2.60 1.15 0.00 1.06
Sundry creditors (Trade) 0.00 3.42 2.00 1.14
Net Operating Cycle 2.60 -2.26 -2.00 -0.08
Projected Projected Projected
31.03.2027 31.03.2028 31.03.2029
0.00 0.00 0.00
0.00 0.00 0.00

#DIV/0! #DIV/0! #DIV/0!
17.00 17.50 18.00
6.51 6.70 #DIV/0!
0.00 0.00 0.00
0.00 0.00 #DIV/0!
9.40 9.40 9.40
1.07 1.01 #DIV/0!

0.00 0.00 0.00
0.00 0.00 0.00
4.40 4.35 0.90

1.17 1.00 #DIV/0!
31.03.2027 31.03.2028 31.03.2029

0.00 0.00 0.00
0.00 0.00 0.00

0.00 0.00 #DIV/0!
0.00 0.00 #DIV/0!
1.07 1.01 #DIV/0!
1.07 1.01 #DIV/0!
1.17 1.00 #DIV/0!
-0.10 0.00 #DIV/0!
E. FINANCIAL POSITION
22 Rs. lacs
Actual Estimated Projected Projected Projected Projected Projected Projected Projected
31.03.2023 31.03.2024 31.03.2025 31.03.2026 31.03.2027 31.03.2028 31.03.2029 31.03.2030 31.03.20231
a) Paid up Capital : 5.81 7.85 12.94 18.38 21.45 23.00 25.00 25.08 23.74
- Equity 5.81 7.85 12.94 18.38 21.45 23.00 25.00 25.08 23.74
- Preference Share 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b) Tangible Net worth (Excl. 5.81 7.85 12.94 18.38 21.45 23.00 25.00 25.08 23.74
rev. reserve & net of
c) intangible assets)
Quasi Capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d) Investment in cos.(of 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
which in group
e) Adjusted TNW Cos) 5.81 7.85 12.94 18.38 21.45 23.00 25.00 25.08 23.74
f) Med. & LT Loans 8.13 21.27 20.20 13.40 10.41 8.12 5.56 2.70 7.03
g) Capital Employed*(total 13.94 29.12 33.14 31.78 31.86 31.12 30.56 27.78 30.77
funds employed)
h) Current Assets 17.39 14.51 8.50 32.23 34.37 34.37 35.14 38.74 36.34
i) Current Liabilities 3.68 11.78 10.82 14.10 14.11 13.11 12.96 9.61 5.90
j) NWC (h - i) 13.71 2.73 -2.32 18.13 20.26 21.26 22.18 29.13 30.44
k) Net Block 0.23 18.90 16.06 13.65 11.60 9.86 8.38 7.12 6.06
l) Imports 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
m) Net sales : Domestic 21.12 26.00 30.00 96.00 105.00 112.00 118.00 120.00 125.00
Exports 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 21.12 26.00 30.00 96.00 105.00 112.00 118.00 120.00 125.00
n) Other Income 2.52 3.50 4.00 2.72 2.78 2.84 2.90 2.96 3.02
o) EBIDTA 6.97 6.89 11.10 20.47 21.48 20.94 21.85 21.41 20.97
p) Interest 1.43 1.52 3.18 3.00 2.57 2.15 1.87 1.58 1.26
q) Gross Profit/Loss 5.54 5.37 7.92 17.47 18.91 18.79 19.98 19.83 19.71
r) Taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
s) Cash Accruals 5.54 5.37 7.92 17.47 18.91 18.79 19.98 19.83 19.71
t) Depreciation 0.04 3.33 2.83 2.41 2.04 1.74 1.48 1.25 1.07
u) Net profit/loss 5.50 2.04 5.09 15.06 16.87 17.05 18.50 18.58 18.64
v) Accumulated losses
w) Unhedged Fx Exposure
x) Contingent Liability
(disputed)
RATIOS :
i) Current Ratio 4.73 1.23 0.79 2.29 2.44 2.62 2.71 4.03 6.16
ii) Debt/Equity : 3.87 3.16 2.40 1.50 1.14 0.92 0.74 0.49 0.54
Term Liab./Adjusted 1.40 2.71 1.56 0.73 0.49 0.35 0.22 0.11 0.30
TNW
TOL/ Adjusted TNW 2.03 4.21 2.40 1.50 1.14 0.92 0.74 0.49 0.54
TOL/Quasi Equity 2.03 4.21 2.40 1.50 1.14 0.92 0.74 0.49 0.54
iii) Profitability %: PAT/Net 26.04% 7.85% 16.97% 15.69% 16.07% 15.22% 15.68% 15.48% 14.91%
Sales
iv) Net profit / Capital 39.45% 7.01% 15.36% 47.39% 52.95% 54.79% 60.54% 66.88% 60.58%
Employed (%)
v) DSCR a) Company as
a whole
b) For specific TL
vi) Interest Coverage 4.87 2.77 2.25 3.91 4.68 5.37 6.34 7.28 8.82
vii) Inventory + Receivables/ 70.88% 34.62% 28.33% 25.72% 25.14% 24.02% 23.22% 22.92% 19.60%
Sales (%)
Workout (d) if item (c) is above 10% of Net Worth.

* Adjusted TNW plus M.T./L.T liabilities.
Details of quarterly published results, if any,
in case of listed companies to be given as a separate column.
Share price : Rs. as on

(52 week's High/Low : Rs. /Rs. - Source:
E. FINANCIAL POSITION
22 Rs. lacs
Actual Estimated Projected Projected Projected Projected Projected
31.03.2023 31.03.2024 31.03.2025 31.03.202 31.03.202 31.03.202 31.03.202
6 7 8 9
a) Paid up Capital : 0.06 0.08 0.13 0.18 0.21 0.23 0.25
- Equity 0.06 0.08 0.13 0.18 0.21 0.23 0.25
- Preference Share 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b) Tangible Net worth (Excl. rev. reserve & net of 0.06 0.08 0.13 0.18 0.21 0.23 0.25
intangible assets)
c) Quasi Capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d) Investment in cos.(of which in group Cos) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e) Adjusted TNW 0.06 0.08 0.13 0.18 0.21 0.23 0.25
f) Med. & LT Loans 0.08 0.21 0.20 0.13 0.10 0.08 0.06
g) Capital Employed*(total funds employed) 0.14 0.29 0.33 0.32 0.32 0.31 0.31
h) Current Assets 0.17 0.15 0.09 0.32 0.34 0.34 0.35
i) Current Liabilities 0.04 0.12 0.11 0.14 0.14 0.13 0.13
j) NWC (h - i) 0.14 0.03 -0.02 0.18 0.20 0.21 0.22
k) Net Block 0.00 0.19 0.16 0.14 0.12 0.10 0.08
l) Imports 0.00 0.00 0.00 0.00 0.00 0.00 0.00
m) Net sales : Domestic 0.21 0.26 0.30 0.96 1.05 1.12 1.18
Exports 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 0.21 0.26 0.30 0.96 1.05 1.12 1.18
n) Other Income 0.03 0.04 0.04 0.03 0.03 0.03 0.03
o) EBIDTA 0.07 0.07 0.11 0.20 0.21 0.21 0.22
p) Interest 0.01 0.02 0.03 0.03 0.03 0.02 0.02
q) Gross Profit/Loss 0.06 0.05 0.08 0.17 0.19 0.19 0.20
r) Taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00
s) Cash Accruals 0.06 0.05 0.08 0.17 0.19 0.19 0.20
t) Depreciation 0.00 0.03 0.03 0.02 0.02 0.02 0.01
u) Net profit/loss 0.06 0.02 0.05 0.15 0.17 0.17 0.18
v) Accumulated losses
w) Unhedged Fx Exposure
x) Contingent Liability (disputed)
RATIOS :
i) Current Ratio 4.73 1.23 0.79 2.29 2.44 2.62 2.71
ii) Debt/Equity :
Term Liab./Adjusted TNW 139.93 270.96 156.11 72.91 48.53 35.30 28.12
TOL/ Adjusted TNW 203.27 421.02 239.72 149.62 114.31 92.30 51.72 wrong due to lakh and crore issue
TOL/Quasi Equity 203.27 421.02 239.72 149.62 114.31 92.30 51.72
iii) Profitability %: PAT/Net Sales 26.04% 7.85% 16.97% 15.69% 16.07% 15.22% 15.68%
iv) Net profit / Capital Employed (%) 39.45% 7.01% 15.36% 47.39% 52.95% 54.79% 60.54%
v) DSCR a) Company as a whole
b) For specific TL
vi) Interest Coverage 4.87 2.77 2.25 3.91 4.68 5.37 #DIV/0!
vii) Inventory + Receivables/ Sales (%) 70.88% 34.62% 28.33% 25.72% 25.14% 24.02% ########
Workout (d) if item (c) is above 10% of Net Worth.

* Adjusted TNW plus M.T./L.T liabilities.
Details of quarterly published results, if any,
in case of listed companies to be given as a separate column.
Share price : Rs. as on

(52 week's High/Low : Rs. /Rs. - Source:
akh and crore issue
FORM V - COMPUTATION OF MPBF
Rs. lacs
WORKING CAPITAL ASSESSMENT Actual Estimated Projected Projected Projected
31.03.2023 31.03.2024 31.03.2025 31.03.2026 31.03.2027
1 Total Current Assets 17.39 14.51 8.50 32.23 34.37

2 Other CL (other than bank borrowing) 0.00 6.78 5.82 9.10 9.11
3 WCG 17.39 7.73 2.68 23.13 25.26
4 Minimum stipulated NWC (25% of WCG / 4.35 3.63 2.13 8.06 8.59
25% of total CA as the case may be)
5 Actual / projected NWC 13.71 2.73 -2.32 18.13 20.26
6 Item 3 minus Item 4 13.04 4.10 0.56 15.07 16.67
7 Item 3 minus Item 5 3.68 5.00 5.00 5.00 5.00
8 MPBF (Item 6 or 7 whichever is lower) 3.68 4.10 0.56 5.00 5.00
9 Excess borrowing representing shortfall in 0.00 0.00 0.00 0.00 0.00
NWC (4-5)

31.03.2023 31.03.2024 31.03.2025 31.03.2026 31.03.2027
1 Total Current Assets 17.39 14.51 8.50 32.23 34.37

1a Total Current Assets (excl export receivables) 17.39 14.51 8.50 32.23 34.37
2 Other CL (excl.bank borrowing & TL instl for next 12 0.00
months) 1.85 1.50 3.60 4.40
3 WCG 17.39 12.66 7.00 28.63 29.97
4 Minimum stipulated NWC (25% of 1 or 1a 4.35 3.63 2.13 8.06 8.59
above, as applicable)
6 Item 3 minus Item 4 13.04 9.03 4.88 20.57 21.38
7 Item 3 minus Item 5 3.68 9.93 9.32 10.50 9.71
8 MPBF (Item 6 or 7 whichever is lower) 3.68 9.03 4.88 10.50 9.71
9 Excess borrowing representing shortfall in -9.36 0.90 4.45 -10.07 -11.67
NWC (4-5)
TURN-OVER METHOD
Rs. lacs
31.03.2023 31.03.2024 31.03.2025 31.03.2026 31.03.2027
1 Gross Sales 21.12 26.00 30.00 96.00 105.00

2 31.25% of gross sales 6.60 8.13 9.38 30.00 32.81
3 6.25% of gross sales 1.32 1.63 1.88 6.00 6.56
6 Item 2 minus Item 3 5.28 6.50 7.50 24.00 26.25
7 Item 2 minus Item 4 -7.11 5.40 11.70 11.87 12.55
8 Permissible bank finance(Item 5 or -7.11 5.40 7.50 11.87 12.55
6,whichever is lower)

31.03.2023 31.03.2024 31.03.2025 31.03.2026 31.03.2027
1 Gross Sales 0.21 0.26 0.30 0.96 1.05

2 31.25% of gross sales 0.07 0.08 0.09 0.30 0.33
3 6.25% of gross sales 0.01 0.02 0.02 0.06 0.07
6 Item 2 minus Item 3 0.05 0.07 0.08 0.24 0.26
7 Item 2 minus Item 4 -0.07 0.05 0.12 0.12 0.13
8 Permissible bank finance(Item 5 or -0.07 0.05 0.08 0.12 0.13
6,whichever is lower)
STATEMENT (Rs in lacs) (Rs in lacs) (Rs in lacs)
Statement Date 31.03.2023 31.03.2024 31.03.2025
No. of Months 12 12 12
Balance sheet status 2 2 2
PROFIT & LOSS STATEMENT
Gross Sales(Manufacturing)
Less: Excise Duty
Net Sales(Manufacturing Sales) 0 0 0
Gross Sales(Trading) 21.12 26.00 30.00
Less: Other Duties
Net Sales(Trading) 21.12 26 30
Other Operating Income (e.g. Processing Charges)
Total Operating Income 21.12 26 30
Other Income(Excluding Interest Income) 2.52 3.50 4.00
Total Income 23.64 29.5 34
Purchases(Finished Goods) 6.95 6.50 9.00
Raw Material Consumed 0.00 0.00 0.00
Power Costs(if related to manufacturing) 0.84 0.92 1.00
Direct Labour Cost 5.56 5.50 7.00
Any other Direct Costs (e.g. Other Manufacturing Expenses) 2.22 2.30 3.50
Increase/(Decrease) in Inventory(Finshed Goods/WIP) 1.38 -3.89 2.00
Cost of Goods Sold 14.19 19.11 18.5
Gross Profit(Excluding Depn/other Income) 9.45 10.39 15.5
Employees Employments(To the extent not included in direct costs)
Operational lease payments
Selling and Distribution expenses 2.48 3.50 4.40
Other Operating expenses
Expense payable
Total Adminstration Expenses 2.48 3.5 4.4
Total Operating Expenses 16.67 22.61 22.9
EBITDA (Without Other Income) 4.45 3.39 7.1
Depreciation 0.04 3.33 2.83
Amortization
Total D/A 0.04 3.33 2.83
EBIT (Without Other Income) 4.41 0.06 4.27
Interest Income recd.
Interest paid 1.43 1.52 3.18
Interest expenses net 1.43 1.52 3.18
EBT before exceptionals 5.5 2.04 5.09
Exceptional income - Cash
Exceptional expenses-Non Cash
Exceptional Income-Non Cash
Exceptional expenses-Cash 0.00 0.00 0.00
EBT 5.5 2.04 5.09
Current Tax 0.00 0.00 0.00
Deferred Tax
EAT 5.5 2.04 5.09
Dividend/Interest to Partners/ Salary to Partners/Profit withdrawn by
Partners or proprietor 0 0 0
Preference Dividend 0 0 0
Dividend Tax 0 0 0
Prior Period Adj. 0 0 0
Retained Profit
Net Cash Accruals
BALANCE SHEET
ASSETS
1.1CURRENT ASSETS
I. Inventories
Raw Materials 0.00 0.00 0.00
Stock in process 10.39 6.50 8.50
Finished Goods 0.00 0.00 0.00
Consumable Spares 0.00 0.00 0.00
Total Inventories 10.39 6.5 8.5
II. Trade Debtors
Domestic Debtors over six months
Domestic Debtors less than six months 4.58 2.50 0.00
Export Debtors over six months
Export Debtors less than six months 0.00 0.00 0.00
Total Debtors 4.58 2.5 0
III. Other Current Assets
Cash and Bank Balance 2.42 5.51 0.00
Short term Investments 0.00 0.00 0.00
Prepaid Expenses
Advance Tax 0.00 0.00 0.00
Deposits with Excise and Sales Tax
Loans and Advances
Others 0.00 0.00 0.00
Total Other Current Assets 2.42 5.51 0
Total Current Assets(a) 17.39 14.51 8.5
1.2 FIXED ASSETS
I. Land & Buildings
II. Plant & Machinery
III. Sundries 0.27 22.23 18.89
Gross Fixed Assets 0.27 22.23 18.89
Less: Depreciation to date 0.04 3.33 2.83
Net Fixed Assets 0.23 18.9 16.06
Capital Work in Progress
Total Fixed Assets(b) 0.23 18.9 16.06
1.3 NON-CURRENT ASSETS
I. Investments in/Loans to subsidiaries/ 0.00 0.00 0.00
II. Others Non Current Assets
Investment in other companies 0.00 0.00 0.00
Loans and Advances
Overdue debtors
Other deposits
Non-Moving Inventories
Others 0.00 0.00 0.00
Total Other Non Current Assets( c) 0 0 0
Deferred Tax Asset (d)
1.4 INTANGIBLE ASSETS/MISC EXPENDITURE (e)
Accumulated Losses(+Ve value)
TOTAL ASSETS (a+b+c+d+e) 17.62 33.41 24.56
2. LIABILITIES
CURRENT LIABILITIES
I. Working Capital Borrowings
Borrowings from Our Bank 3.68 5.00 5.00
From other Banks 0.00 0.00 0.00
Commercial Paper
Sub - total 3.68 5 5
II. Creditors for Purchases 0.00 1.85 1.50
III. Other Current Liabilities
Creditiors for Expenses
Provision for Tax 0.00 0.00 0.00
Long Term Debt due within one year 0.00 4.93 4.32
Outstanding Expenses
Others (Curr. Liabilities / Provisions) 0.00 0.00 0.00
Sub - total 0 4.93 4.32
IV. Creditors on Capital Account 0 0 0
Total Current Liabilities(e) 3.68 11.78 10.82
2.2.LONG TERM LIABILITIES
I. Term Loan from Our Bank #REF! #REF! 20.20
II. Term Loan from institutions/Banks
2.2.1.Secured Term Loans
i. From Our Bank
ii. From institutions/Banks
2.2.2. Unsecured Term Loans
i. From Our Bank
ii. From institutions/Banks
2.2.3. Other Long Term Liabilities
Preference Shares (Repayment Due within 12 years / prior to maturity of
our facility)
Fixed Deposits
Foreign currency loans
Debentures
Others (Sales Tax Deferment Loan) 0.00 0.00 0.00
Long term liability to be taken as Quasi Equity 0.00 0.00 0.00
Total Other Long Term Liabilities 0 0 0
Total Long Term Debt (f) #REF! #REF! 20.2
2.3.CAPITAL AND SURPLUS
I. Paid up Capital 5.81 7.85 12.94
II. Preference Share Capital
III. General Reserves (including Credit Balance in P&L )
IV. Share Premium Reserve
V. Other Reserves
VI. Revaluation Reserves
VII. Share Application Money
VIII.Share Warrant
Capital & Reserves (g) 5.81 7.85 12.94
Deferred Tax Liability (h)
TOTAL LIABILITIES (e+f+g+h) #REF! #REF! 43.96
Contingent Liabilities
Disputed Liabilities 0 0 0
Guarantees/Counter Guarantees 0 0 0
Letters of Credit 0 0 0
Bills Discounted 0 0 0
Other Contingent Liability 0 0 0
Derivative contracts 0 0 0
Forward Exchange Contracts 0 0 0
Total Contingent Liability 0 0 0
ADDITIONAL FINANCIAL INFORMATION
Capital expenditure 0 0 0
Fresh debt raised during the year 0 0 0
Cash received for any fixed assets sold 0 0 0
Cash proceeds from sale of investements 0 0 0
Cash proceeds from sale/liquidation of any other assets (specify with a
comment) 0 0 0
Investments made during the year 0 0 0
Short term debt raised and repaid during the year 0 0 0
Check: Assets = Liabilities #REF! #REF! 19.4
MESSAGES
0.829167
0.170833

16.03.2024 Modified CMA GUPTA - After Change

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M/s Gupta Food Products

FORM II - OPERATING STATEMENT

PBITDA 6.97 6.89 11.10 20.47 21.48 20.94

Drawing Power/Limits after Margin (2013-14)

Operating Cycle #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Operating Cycle #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Particulars 31.03.2023 31.03.2024 31.03.2025 31.03.2026

0.00 0.00 0.00

0.00 0.00 0.00

1.07 1.01 #DIV/0!

0.00 0.00 0.00

4.40 4.35 0.90

31.03.2027 31.03.2028 31.03.2029

0.00 0.00 0.00

Workout (d) if item (c) is above 10% of Net Worth.

Share price : Rs. as on

Workout (d) if item (c) is above 10% of Net Worth.

Share price : Rs. as on

1 Total Current Assets 17.39 14.51 8.50 32.23 34.37

WORKING CAPITAL ASSESSMENT Actual Estimated Projected Projected Projected

1 Total Current Assets 17.39 14.51 8.50 32.23 34.37

1 Gross Sales 21.12 26.00 30.00 96.00 105.00

WORKING CAPITAL ASSESSMENT Actual Estimated Projected Projected Projected

1 Gross Sales 0.21 0.26 0.30 0.96 1.05

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