ASSESSMENT OF WORKING CAPITAL REQUIREMENT

CARE !!! For WC - 2 year acutals Est., and proj.for next two years (Total 4 Years)
CARE!!! For Term Loan upto the period of Amortisation of Term Loan
FORM II : OPERATING STATEMENT
-------------------------------------------------------Sheet 1

AMOUNT IN Rs : Crores
Branch
NAME OF THE UNIT

GROSS SALES

For the year ending 31st March

2003
2004
2005
Aud.
Aud.
Proj.
I
II
III

i.

Domestic sales

320.86

ii

Export Sales
Total

323.50
644.36

Less excise duty

38.73

2006
Proj.
IV

2007
Proj.
V

2008
Proj.
VI

2009
Proj.
VII

2010
Proj.
VIII

2011
Proj.
IX

394.49

393.66
788.15
45.19

Deduct other items

3

Net sales ( item 1 - item 2 )

% age rise (+) or fall (-) in net

sales compared to previous
year (annualised)
Cost of Sales

5
i.)

ii)

605.63

Raw materials (including

stores and other items used
in the process of manufacture)
(a) imported

296.68

67.89

115.00

(b) Indigenous

228.79

281.00

#DIV/0!

742.96
#DIV/0!

396.00

(100.00) #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Other spares

25.56

26.00

(a) Imported

14.00

(b) Indigenous

25.56

12.00

iii)

Power and fuel

41.96

37.79

iv)

Direct labour

47.66

56.00

(Factory wages & salary)

v) Other mfg. Expenses

37.70

45.00

vi)

27.02

31.00

Depreciation

vii) SUB TOTAL (I TO VI)

viii) ADD: Opening stocks-in-Process)

Sub-total

476.58

591.79

61.96

62.00

71.00

538.54

653.79

71.00

Form II : Sheet 2

0
ix)

2003
Aud.

2004
Aud.

2005
Proj.

2006
Proj.

2007
Proj.

2008
Proj.

2009
Proj.

2010
Proj.

2011
Proj.

71.00

55.00

55.00

(62.00) 637.79

126.00

126.00

126.00

(126.00)

Deduct : Closing stocks-inprocess

x)

Cost of Production

xi)

Add : Opening stock of

finished goods
SUB-TOTAL

69.66

62.00

468.88

51.94

520.82

71.00

(62.00) 582.79

xii) Deduct closing stock of

finished goods
xiii) SUB-TOTAL (Total cost of Sales)
6

62.26
458.56

55.00

55.00

(117.00) 582.79

539.51

(117.00) 679.79

66.12

Selling general and administrtive

expenses

SUB-TOTAL (5+6)

Operating profit before interest

80.95

97.00

117.00

63.17

( 3-7 )
Working Capital Interest

26.14

9.70

Term Loan Interest

10.88

Total Interest

37.02

10

Operating profit after interest (8-9)

29.10

11 (i)

Add other non-operating income

(a) Interest on Bank Deposits

6.67

(b) Prior period adjustments

0.66

(c) Duty Draw Back

(d) Others (Misc. Receipts)
Sub-total ( income )

19.84
-

117.00

29.54

33.63

(126.00)

2.00
-

21.09

3.50

28.42

5.50

7.91

4.00

0.65

(ii) Deduct other non-operating expenses

(a) P&P expense inncluding
all book entries written off
(b) Prior period adjustments
(c)

(d)

Sub-total ( expenses )
(iii) Net of other non-operating

8.56

4.00

19.86

1.50

48.96

117.00

35.13

(126.00)

(126.00)

income/expenses
12

Profit before tax/loss[10+11(iii)]

13

Provision for taxes

14

Prior Years Adjustment(if any)#

15

Net profit/loss for the year ( 12-13 )

16

(a) Equity dividend paid-amt

(Already paid+ B.S. provision)
(b) Dividend Tax Including Surcharge
(c) Dividend Rate
(d) Transfer to General Reserve

17

Retained profit ( 14-15 )

18

Retained profit/Net profit (% age)

4.89

44.07

4.62

117.00

5.94

30.51

5.94

0.75

0.75

20%

20%

37.38
-

# (-)ve for expense/provisions and (+) ve for gains

#DIV/0!

117.00

23.82

(126.00)

100.00

78.07

100.00

#DIV/0! #DIV/0! #DIV/0! #DIV/0!

LIABILITIES

STATEMENT

FORM III
Sheet 1
0
0

Sl.
No.
1

2
3
4
5
6
7

AS PER BALANCE SHEET AS AT 31st MARCH

LIABILITIES
CURRENT LIABILITIES
Short-term borrowings from
banks(including bills purchased,
discounted & excess borrowing
placed on repayment basis)
(i.) From applicant banks
(ii.) From other banks
(iii) Of which BP & BD
SUB TOTAL
Short term borrowings from others
Sundry Creditors (Trade)
Advance payments from customers/deposits from dealers
Provision for taxes
Dividend payable
Other statutory liabilities
(due within one year)

8 Deposits/instalments of term
loans/DPGs/Debentures,etc.
(due within one year)
9 Other current liabilities &
provisions(due within 1 Yr)
(specify major items)
SUB-TOTAL (B)

11
12
13
14

15
16
17
18
19
20
21
22
23

TOTAL CURRENT LIABILITIES

TERM LIABILITIES
Debentures (not maturing
within one year)
Preference shares
(redeemable after one year)
Term loans(excluding instalment)
payable within one year)
Sales Tax Deferred Credits
(excluding instalments due
within one year)
Hire Purchase Loans
Creditors for Capital goods
Other Term Liabilities (loans from
Directors/Relatives/sister concern
TOTAL TERM LIABILITIES
TOTAL OUTSIDE LIABILITIES
NET WORTH
Ordinary share capital
Capital reserve
General reserve
Revaluation Reserve
Share Application Money

24 Surplus (+) or deficit (-) in

Profit & Loss Account
24a Deffered Tax Liability (DTL)
25 NET WORTH
26 TOTAL LIABILITIES

2003
Aud.
I

2004
Aud.
II

2005
Proj.
III

106.94

2009
Proj.
VII

2010
Proj.
VIII

2011
Proj.
IX

50.00

155.00

65.69
12.66

75.00
10.00

8.99
6.69
5.60

5.00
6.69
5.00

31.69

47.98

35.69
167.01
273.95

2008
Proj.
VI

155.00

40.68

106.94

Rs in Crores
2006
2007
Proj.
Proj.
IV
V

33.00
182.67
337.67

As on 31st March

154.41

106.43
13.14

154.41

16.00
135.57

273.95

154.41

473.24

125.00

29.67
115.83
43.70
7.62
(15.45)

117.00

140.82

14.82

14.82

14.82

14.82

14.82

273.95

242.00
396.41

322.19
795.43

14.82
14.82

14.82
14.82

14.82
14.82

14.82
14.82

14.82
14.82

FORM III
Sheet 3
0
0
Sl.
No.

AS PER BALANCE SHEET AS AT : 31st MARCH

ASSETS

26 Cash and bank balances

Fixed Deposits with Banks
28 (i) Receivables other than
deferred & exports (include
bills purchased and
discounted by Banks)
(ii) Export receivables(include
bills purchased and
discounted by banks)
29 Instalments of deferred
receivables(due with in one yr.)
30 Inventory:
(i)Raw materials(including stores
& other items used in the
process of manufacture)
(a) Imported
(b) Indigenous
(ii) Stock-In-Process
(iii) Finished goods
(iv) Other Consumable Spares
(a) Imported
(b) Indigenous
31 Advance to suppliers of raw
materials & stores and spares
32 Advance payment of taxes
33 Other Current assets
Income tax for earlier years

2003
Aud.
I

2004
Aud.
II

2005
Proj.
III

Rs. in Crores
2006
2007
Proj.
Proj.
IV
V

2008
Proj.
VI

2009
Proj.
VII

2010
Proj.
VIII

2011
Proj.
IX

131.92

117.00

126.00

69.66
62.26
-

62.00
55.00
-

71.00
55.00
-

131.92

117.00

126.00

31.00
(31.00)

31.00
(31.00)

31.00
(31.00)

31.00
(31.00)

31.00
(31.00)

31.00
(31.00)

131.92

117.00

95.00

(31.00)

(31.00)

(31.00)

(31.00)

(31.00)

Interest accrued on Fixed Deposits

Other Current assets
34
35
36
37
38

39
40

(Specify major items)

TOTAL CURRENT ASSETS
FIXED ASSETS
Gross Block(Land & Building
machinery, work-in-process)
Depreciation to date
NET BLOCK
OTHER NON-CURRENT ASSETS
Investment/bookdebts/advances/
deposits which are not current
assets
(i) a) Investment in subsidiary
Co./affiliates
b) Other Investments
(ii) Advances to suppliers of
capital goods & contractors
(iii)Deferred receivables (maturity
exceeding one year)
(iv)Others (a) Debtors> 6 months
(b) Security Deposits
Project Surplus
Non-consumables stores &
spares
Other non-current assets including dues from Directors

41 TOTAL OTHER NON-CURR. ASSETS

42 Intangible assets (patents,
goodwill, prelim.expenses, bad/
doubtful exp.not provided for etc)
43 TOTAL ASSETS(34+37+41+42)

YEAR

2003

2004

N
131.92
273.95
-142.03

Y
0.00
0.00
0.00

2005

2006

2007

2008

2009

2010

2011

N
-31.00
14.82
-45.82

N
-31.00
14.82
-45.82

N
-31.00
14.82
-45.82

N
-31.00
14.82
-45.82

0
If ASSETS are equal to LIABILITIES
Balance Sheet Total ASSETS
Balance Sheet Total LIABILITIES
Diff Assets- liabilities

Is Balance Sheet Depriciation

Equal to OP-Stmt. Depriciation
Balance Sheet Depriciation
Operating profit depriciation
Diff
Prod* = Net Sales+Increase
in FG & SIP
(* Prod = Producton at sales value)
RM/ Prod. (%)

623.65

N
N
N
117.00 95.00 -31.00
396.41 795.43 14.82
-279.41 -700.43 -45.82

0.00
0.00
0.00

0.00
0.00
0.00

31.00
31.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

0.00

0.00

0.00

0.00

0.00

117.00 751.96 -126.00

47.57 #DIV/0!

0.00

52.66

0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Spares/Prod. Sales (%)

4.10 #DIV/0!

0.00

3.46

0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Power & Fuel/ Prod. Sales(%)

6.73 #DIV/0!

0.00

5.03

0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Labour/ Prod. (%)

7.64 #DIV/0!

0.00

7.45

0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Other Mfg Exp./ Prod.(%)

6.05 #DIV/0!

0.00

5.98

0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0!

(Cost of Prod.-Dep.)/( Net Sales+Inc.

in SIP stock) (%)
(Cost Of sales-Dep.)/ Net Sale (%)
PBDIT
Gen.
Selling+General
Exp/Adj. SalesExp/Net Sales %

72.04 #DIV/0! -100.00

73.38 -100.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0!

71.25 #DIV/0! #DIV/0!

74.27 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

113.00

0.00 117.00

13.37 #DIV/0! #DIV/0!

95.67 -126.00

0.00

0.00

0.00

0.00

13.06 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Is FAs Additions>TLs raised

Increase in FA
TL disbursed
Differennce

N
0.00
0.00
0.00

If Cash Accrual>TL Installment

Cash Accrual
TL installment
Diff
Net DSCR

N
Y
Y
N
N
N
N
N
0.00
117.00 65.51 -126.00 0.00
0.00
0.00
0.00
31.69
0.00
0.00
47.98
0.00
0.00
0.00
0.00
-31.69 117.00
65.51 -173.98
0.00
0.00
0.00
0.00
0.00 #DIV/0! #DIV/0!
-2.63 #DIV/0! #DIV/0! #DIV/0! #DIV/0!

N
0.00
0.00
0.00

N
0.00
0.00
0.00

Y
0.00
0.00
0.00

N
0.00
0.00
0.00

N
0.00
0.00
0.00

N
0.00
0.00
0.00

N
0.00
0.00
0.00

PROFIT AFTER TAX

44.07

0.00

117.00

30.51

-126.00

0.00

0.00

0.00

0.00

Dividend
PBDIT

5.94
113.00

0.00
0.00

0.00
117.00

5.94
95.67

0.00
-126.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

PERFORMANCE AND FINANCIAL INDICATORS

0
0

Particulars
Domestic Sales(Gross)
Export Sales
Net Sales

As on 31st March
Rs. In Crores

2003
Aud.

2004
Aud.

320.86
0.00
605.63

0.00
0.00
0.00

% rise/fall (-) in net sales

2005
Proj.

2006
Proj.

0.00
0.00
0.00

394.49
0.00
742.96

#DIV/0!

#DIV/0!

2007
Proj.
0.00
0.00
0.00

2008
Proj.

2009
Proj.

2010
Proj.

2011
Proj.

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

-100.00 #DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

Operating Profit

29.10

0.00

117.00

33.63

-126.00

0.00

0.00

0.00

0.00

Profit Before tax

48.96

0.00

117.00

35.13

-126.00

0.00

0.00

0.00

0.00

8.08 #DIV/0!

#DIV/0!

4.73

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

PBT/ Sales (%)

Profit After Tax

44.07

0.00

117.00

30.51

-126.00

0.00

0.00

0.00

0.00

Cash Accrual

79.00

0.00

117.00

65.51

-126.00

0.00

0.00

0.00

0.00

Paid Up Capital

0.00

0.00

125.00

29.67

0.00

0.00

0.00

0.00

0.00

TNW

0.00

0.00

242.00

314.57

14.82

14.82

14.82

14.82

14.82

Adjusted TNW

0.00

0.00

242.00

314.57

14.82

14.82

14.82

14.82

14.82

TOL/TNW (times)

#DIV/0!

#DIV/0!

0.64

1.50

0.00

0.00

0.00

0.00

0.00

Adjusted TOL/TNW

#DIV/0!

#DIV/0!

0.64

1.50

0.00

0.00

0.00

0.00

0.00

117.00 -211.67

0.00

0.00

0.00

0.00

0.00

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

95.47 #DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

NWC
Current Ratio

-142.03

0.00

0.48 #DIV/0!

#DIV/0!

0.37

95.20 #DIV/0!

#DIV/0!

4.59 #DIV/0!

0.00

7.82

0.00

0.00

0.00

0.00

0.00

117.00

95.67

-126.00

0.00

0.00

0.00

0.00

Other Ratios
Operating Cost/ sales %
Net Sales /TTA (times)
PBDIT

113.00

0.00

EFFICIENCY RATIOS

Particular
Net Sales/ Total Tangible
Assets (times)
PBT/ Total Tangible Assets (%)

2003
Aud.

2004
Aud.

2005
Proj.

2006
Proj.

As on 31st As
March
on 31st As
March
on 31st As
March
on 31st As
March
on 31st March
2007
2008
2009
2010
2011
Proj.
Proj.
Proj.
Proj.
Proj.

4.59 #DIV/0!

0.00

7.82

0.00

0.00

0.00

0.00

0.00

37.11 #DIV/0!

100.00

36.98

406.45

0.00

0.00

0.00

0.00

Operating Cost to sales (%)

95.20 #DIV/0!

#DIV/0!

95.47 #DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

Bank Finance/ Ct. Assets (%)

81.06 #DIV/0!

0.00

123.02 #DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

Inventory+ Receivables to net

Sales (days)

79.51 #DIV/0!

#DIV/0!

61.90 #DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

PBDIT

113.00

0.00

117.00

95.67

-126.00

0.00

0.00

0.00

0.00

0.37
1.50

#DIV/0!
0.00

#DIV/0!
0.00

#DIV/0!
0.00

#DIV/0!
0.00

#DIV/0!
0.00

RISK RATING RELATED RATIOS

1
2
3
4
5
6

Current Ratio
TOL/TNW (times)
PBDIT/Interest (times)
PAT/Net Sales (%)
ROCE (%) (PBDIT/TA)
INV+REC./Sales (days)

0.48
#DIV/0!

#DIV/0!
#DIV/0!

#DIV/0!
0.64

3.05
7.28
85.66
80

#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!

#DIV/0!
#DIV/0!
100.00
#DIV/0!

3.24 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

4.11 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100.71 406.45
0.00
0.00
0.00
0.00
62 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Historical Comparison
Input
2003
Current Ratio
TOL/TNW
PBDIT/IINTT.
PAT/NET SALES
ROCE%
INV.+REC./SALES (DAYS)

2004

2005

2007

2008

2009

2010

2011

0.48
#DIV/0!

#DIV/0!
#DIV/0!

#DIV/0!
0.64

2006
0.37
1.50

#DIV/0!
0.00

#DIV/0!
0.00

#DIV/0!
0.00

#DIV/0!
0.00

#DIV/0!
0.00

7.28

#DIV/0!

#DIV/0!

4.11

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

80

#DIV/0!

#DIV/0!

62

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

INVENTORY & RECEIVABLES HOLDINNG LEVELS

As on 31st March
Rs. in
Particulars
Raw Material : a) Indigenous
b) Imported
Stock in Process
Finished Goods
Other Spares : a) Indigenous
b) Imported
Receivables : a) Domestic

2003
Aud.

2004
Aud.

2005
Proj.

2006
Proj.

2007
Proj.

2008
Proj.

2009
Proj.

2010
Proj.

2011
Proj.

II

III

IV

VI

VII

VIII

IX

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00 #DIV/0! #DIV/0!

0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

69.66

0.00

62.00

71.00

0.00

0.00

0.00

0.00

0.00

1.78 #DIV/0!

-12.00

1.46

0.00

55.00

55.00

1.63 #DIV/0!

-5.64

1.13

0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0!

0.00

0.00

0.00

62.26
0.00

0.00

0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0!

0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00 #DIV/0! #DIV/0!

0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00 #DIV/0! #DIV/0!

0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Receivables

0.00
0.00

0.00
0.00

S. Creditors

65.69

b) Export

0.00
0.00

0.00
0.00

0.00 #DIV/0! #DIV/0!

0.00

0.00

2.66 #DIV/0! #DIV/0!

Other Creditors
Other Current Assets

101.32
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

75.00

0.00

0.00

0.00

0.00

0.00

2.27 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

0.00 107.67
0.00
0.00

(Figures in italics represents holding period in months.)

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

ABF ASSESSMENT
As on 31st March
Rs. in
Crores

2003
Aud.

2004
Aud.

2005
Proj.

2006
Proj.

2007
Proj.

2008
Proj.

2009
Proj.

2010
Proj.

Total CA

131.92

0.00

117.00

126.00

0.00

0.00

0.00

0.00

Other CL(Except Bank Borr.)

167.01

0.00

0.00

182.67

0.00

0.00

0.00

0.00

Working Capital Gap

-35.09

0.00

117.00

-56.67

0.00

0.00

0.00

0.00

Net Working Capital (Act./Proj)

-142.03

0.00

117.00

-211.67

0.00

0.00

0.00

0.00

Assessed Bank Finance

106.94

0.00

0.00

155.00

0.00

0.00

0.00

0.00

NWC to TCA (%)

-107.66

#DIV/0!

100.00

-167.99

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

Bank Finance to TCA %

81.06

#DIV/0!

0.00

123.02

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

S. Cr. To TCA (%)

49.80

#DIV/0!

0.00

59.52

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

Other CL to TCA (%)

76.80

#DIV/0!

0.00

85.45

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

Inv. To Net sales (days)

79.51

#DIV/0!

#DIV/0!

61.90

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

Rec. to gross sales (days)

0.00

#DIV/0!

#DIV/0!

0.00

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

S. Cr. To purchases (days)

80.82

#DIV/0!

#DIV/0!

69.13

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

2004
Aud.

2005
Proj.

2006
Proj.

2007
Proj.

2008
Proj.

2009
Proj.

2010
Proj.

#DIV/0!
#DIV/0!
#DIV/0!

#DIV/0!
#DIV/0!
#DIV/0!

#DIV/0!
#DIV/0!
#DIV/0!

#DIV/0!
#DIV/0!
#DIV/0!

Particulars

Particulars
NWC to TCA (%)
Bank Finance to TCA %
Other CL to TCA (%)

#DIV/0!
#DIV/0!
#DIV/0!

100.00
0.00
0.00

-167.99
123.02
144.98

2011
Proj.
0.00
0.00
0.00
0.00
0.00
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!

2011
Proj.
#DIV/0!
#DIV/0!
#DIV/0!

FUND FLOW (DETAILED)

0
0
1
a.
b.
c
d.
e.

f
g.
2

SOURCES
Net Profit (After Tax)
Depreciation
Increase in Capital
Increase In TL. Incl.public deposits
Decrease in
i.) Fixed Assets
ii.) Other Non Current Assets
Others
Total

USES
a. Net Loss
b. Dec.in Term Liab. incl. Pub.Dep.
c. Increase in
i) Fixed Assets
ii) Other Non current assets
d. Dividend Payment
e Others
f Total

As on 31st March
Rs in
Crores
2005
2006
Proj.
Proj.
117.00
30.51
0.00
31.00
125.00 -95.33
154.41
0.00

2007
Proj.
0.00
0.00
-29.67
0.00

2008
Proj.
0.00
0.00
0.00
0.00

2009
Proj.
0.00
0.00
0.00
0.00

2010
Proj.
0.00
0.00
0.00
0.00

2011
Proj.
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00 151.70
0.00 396.41 117.88

0.00
0.00
0.00
-29.67

0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00

2004
Aud.
0.00
0.00
0.00
0.00

0.00
0.00

0.00
0.00

0.00 126.00
18.84 135.57

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
5.94
0.00
0.00 151.70
24.78 413.27

0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00

2008
Proj.
0.00
0.00
0.00
0.00
0.00
0.00

2009
Proj.
0.00
0.00
0.00
0.00
0.00
0.00

2010
Proj.
0.00
0.00
0.00
0.00
0.00
0.00

2011
Proj.
0.00
0.00
0.00
0.00
0.00
0.00

2008
Proj.

2009
Proj.

2010
Proj.

2011
Proj.

FUNDS FLOW STATEMENT

(Summary)

3
4
5
6
7
8

I
ii
iii
iv
v
vi

Particulars
Long Term Surplus/Deficit
Increase/decrease in Curr. Assts.
Inc./Dec. in CL other than BB
Inc./Dec. in WC Gap
Net Surplus (+) Deficit (-)
Inc./Dec. in Bank Borrowings

As on 31st
AsMarch
on 31st March
Rs in
Rs in Crores
2004
2005
2006
Aud.
Proj.
Proj.
0.00 396.41
93.10
-131.92 117.00
9.00
-167.01
0.00 182.67
35.09 117.00 -173.67
-35.09 279.41 266.77
-106.94
0.00 155.00

2007
Proj.
-442.94
-126.00
-182.67
56.67
-499.61
-155.00

FUNDS FLOW STATEMENT

As on 31st
AsMarch
on 31st March
Rs in
Rs in Crores

Particulars
Long Term Sources
Long Term Uses
Surplus/Deficit

2004
Aud.

2005
Proj.

2006
Proj.

2007
Proj.

0.00 396.41 117.88 -29.67

0.00
0.00 24.78 413.27
0.00 396.41 93.10 #####

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

Movement of TNW (Corporate)

As on 31st
AsMarch
on 31st March
Rs. in Rs. in Crores

Particulars
Opening balance
1 Add.
i Profit/(-)Loss after Tax
ii Increase in Capital
iii Dec./(-) Inc.in Intangible Assets
iv Inc../(-) \ Dec.in Reserves
v. Adjust prior year expenses
2 Less
Div Paid(Incl.Div.Tax)/ Withdrawals
TNW

2004 2005 2006 2007 2008 2009 2010 2011

Aud. Proj. Proj. Proj. Proj. Proj. Proj. Proj.
0.00
0.00 242.00 314.57 14.82 14.82 14.82 14.82
0.00 117.00 30.51 #####
0.00 125.00 -95.33 -29.67
0.00
0.00
0.00
0.00
0.00
0.00 143.33 #####
0.00
0.00
0.00
0.00
0.00
0.00 -5.94
0.00 242.00 314.57

0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00

0.00
14.82

0.00
14.82

0.00
14.82

0.00
14.82

0.00
14.82

2007
Proj.

2008
Proj.

2009
Proj.

2010
Proj.

2011
Proj.

14.82

14.82

14.82

14.82

0.00

0.00

0.00

0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

14.82

14.82

14.82

14.82

Movement of TNW (Non Corporate)

As on 31st
AsMarch
on 31st March
RS in
RS in Crores

Particulars

2004
Aud.

2005
Proj.

2006
Proj.

Opening balance
0.00
0.00 242.00 314.57
Increase in Capital #
0.00 242.00 -71.51 -155.67
Dec./(-) Inc.in Intangible Assets
0.00
0.00
0.00
0.00
Dec./(-) Inc.in Reserves
0.00
0.00 150.95 #####
Closing Balance
0.00 242.00 321.44
7.20
# Net of Increse in capital+Net profit for the Year- Witdrawls

0
0
Sensitivity Analysis
Decrease in sales by

5.00%
0
2,006

Net Sales
Term Loan Interest
Decrease in sales by

2,007

2,008

2,009

2,010

2,011 Total

788.15
19.84
748.74

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

788.15
19.84
748.74

Difference

39.41

0.00

0.00

0.00

0.00

0.00

39.41

Cash Accrual

58.82

-126.00

0.00

0.00

0.00

0.00

-67.18

Adj Cash Accrual

19.41

-126.00

0.00

0.00

0.00

0.00

-106.59

T.L.Reypayment

0.00

47.98

0.00

0.00

0.00

0.00

47.98

Net DSCR
Gross DSCR

#DIV/0!

-2.63 #DIV/0! #DIV/0!

#DIV/0!

#DIV/0!

1.98

(2.63) #DIV/0! #DIV/0!

#DIV/0!

#DIV/0!

-2.22
(1.28)

Increase in RM cost by
0.05

5.00%
2,006

Net Sales

788.15

0.00

0.00

0.00

0.00

0.00

788.15

R.M.Cost

396.00

0.00

0.00

0.00

0.00

0.00

396.00

RM cost increase by

415.80

0.00

0.00

0.00

0.00

0.00

415.80

Difference
Cash Accruals

19.80
58.82

0.00
-126.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

19.80
-67.18

Adj Cash Accrual

39.02

-126.00

0.00

0.00

0.00

0.00

-86.98

T.L.Reypayment

0.00

47.98

0.00

0.00

0.00

0.00

47.98

Net DSCR
Gross DSCR

2,007

2,008

2,009

2,010

2,011 Total

#DIV/0!

-2.63 #DIV/0! #DIV/0!

#DIV/0!

#DIV/0!

2.97

(2.63) #DIV/0! #DIV/0!

#DIV/0!

#DIV/0!

-1.81
(0.99)

Break Even Point

BREAK EVEN

Sales

RM COST INCREASE BY
5.00%
Year
Proj.
2004.00
0.00
Total
VC%
FC%

Raw Material
Spare and consumables
Power and Fuel
Direct Labour
Other Manufacturing Expenses
Depreciation
Selling General & Admn Expen
Interest - WC
Interest - Term Loan
Others
Difference in stock

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

100
75
85
50
50
0
25
100

0.00

100

Total
Contribution
Fixed Cost

0.00

0
25
15
50
50
100
75
100
100

% increase in RM
Cost
VC Amt

VC Amt

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

0.00

Break Even sales

#DIV/0! #DIV/0!

Cash Break Even

#DIV/0! #DIV/0!

IF DECREASE IN SALES SALES BY

FC(Amt)

5.00%
0.00
0.00
0.00
0.00

Contribution
Fixed Cost
Veriable Cost
Break Even sales

#DIV/0!

Cash Break Even

#DIV/0!

0
0
TABLE A
DSCR STATEMENT
Particulars
Net Sales
Sources
Net Cash Accrual
TL Interest
Total Sources
Obligations
TL Instalment
TL Interest
Total Uses

2006
I
788.15

2007
II

2008
III

2009
IV

2010
V

2011 Total
VI
-

788.15

58.82

-126.00

0.00

0.00

0.00

0.00

19.84
78.66

0.00
-126.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

-67.18
19.84
-47.34

19.84
19.84

47.98
47.98

0.00

0.00

0.00

0.00

47.98
19.84
67.82

Gross DSCR
Average GDSCR

3.96

-2.63

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

-0.70

Net DSCR
Average NDSCR

#DIV/0!

-2.63

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

-1.40

TABLE B
MARGIN OF SECURITY
Particulars
WDV of Fixed Assets
TL Outstandings
Margin
Security Margin
Average Security Margin

2006

2007

2008

2009

2010

2011

-31.00

-31.00

-31.00

-31.00

-31.00

154.41

0.00

0.00

0.00

0.00

0.00

-185.41

-31.00

-31.00

-31.00

-31.00

-31.00

598.10

100.00

100.00

100.00

100.00

100.00

99.68

-31.00