M/s suzlon energy limited

Cost of Project & Means of Finance

(Amount in lacks)
Cost of Project

S. No. Particulars Proposed

Amount

1 Land 289.487
2 Building: 1585.067
3 Plant &Machinery 2614.689
4 Misc.Fixed Assets 110
5 Electric Installation 1
6 Preoperative Expenses 1
7 Preliminary Expenses 1
8 Contingencies 460
9 Working capital Margin 393.47

Total 5455.93

Means of Finance

S. No. Particulars

1 Own Capital:
Equity Capital 1818.64
Unsecured Loan 0.00 1818.64
2 Debts:
Term Loan 3637.29 3637.29

Total 5455.93

Capitalisation of contingencies and Electric Installation in their respective Ratios

Building Plant & Machinery Total

Balance 1585.07 2614.69 4199.76
Contingencies 173.70 286.53 460.22
Electric Installation 0.38 0.62 1.00
Total 1759.14 2901.84 4660.98
Amount in lacks)

4600.24

5060.47
 M/s suzlon energy limited

ASSUMPTIONS:
1. Number of Working Days in a year 300

I II III IV
Calculation of Sales

Capacity Utilisation 100% 60% 65% 70% 75%

Units (produced) 1255 753 815.75 878.5 941.25

Opening stock 0 37.65 40.7875 43.925
Closing Stock (15 days) 15 37.65 40.7875 43.925 47.0625

Units available for sale 715.35 812.6125 875.3625 938.1125

Sale Price Rs. per TCKM 8.8 8.8 8.8 8.8 8.8

Sales (Rs. In MILLION) 6295.08 7150.99 7703.19 8255.39

Purchase of Raw Material

Units Produced ( Finished Goods) 753 815.75 878.5 941.25
produced unit 5 3765 4078.75 4392.5 4706.25
rate /TCKM 8.8
Purchase (Rs. In MILLION) 0.03 0.04 0.04 0.04

Closing Stock of Raw Material

units
15 days closing ( TCKM) 188.25 203.9375 219.625 235.3125
Rate of per TCKM 8.8 0.00 0.00 0.00 0.00
Consumption for the year

units
Opening Stock 0 188.25 203.9375 219.625
Add: Purchase 753 4078.75 4392.5 4706.25
Less: Closing Stock 188.25 203.9375 219.625 235.3125

Consumption (in TCKM) 565 4063 4377 4691

Consumption

units
Opening Stock 0.00 0.02 0.02 0.02
Add: Purchase 0.03 0.04 0.04 0.04
Less: Closing Stock 0.02 0.02 0.02 0.02

Consumption (in Rs. MILLION) 0.02 0.03 0.04 0.04

Calculation of Work in Process

Production of Finished Goods 753 815.75 878.5 941.25
Prime Cost Per TCKM 51.986288 0 0 0
Closing stock of WIP Rs. In lakhs (2 Days) 0.00 0.00 0.00 0.00

Calculation of Finished Goods

Units produced Days 753 815.75 878.5 941.25

Cost of production 551.986288 551.98629 551.986288 551.986288
Closing stock of Finished Goods 15 0.02 0.02 0.02 0.03
(Rs. In MILLION)

Calculation of Wages

Units 753 815.75 878.5 941.25

Wages (rs. In MILLION) 0.00359 0.00 0.00 0.00 0.00

Calculation of Power and Fuel

Units 753 815.75 878.5 941.25

Power & Fuel (Rs per TCKM) 5.8221 0.00 0.00 0.01 0.01

Calculation of Other Direct Expenses

Units 753 815.75 878.5 941.25

Other Direct Expenses (Rs. per TCKM) 2.1606 0.00 0.00 0.00 0.00

Calculation of Administrative Expenss

Units 753 815.75 878.5 941.25

Administrative Expenses (Rs. / TCKM ) 500 0.38 0.41 0.44 0.47

Calculation of Selling Expenss

Units 753 815.75 878.5 941.25

Selling Expenses (rs.in MILLION ) 441.76 0.33 0.36 0.39 0.42

Cost Sheet per unit of Generators:

Material Consumed 44
Direct expenses:Power 5.8221
Wages 0.003588 1255TCKM in 300 days = 4.
Other Direct Expenses 2.1606 Rs. 15000 per day for 4.18 T
Prime Cost 51.986288
Add Administrative expenses 500
Cost of production 551.98629
Selling expenses 441.76
Cost of sales 993.74629
Profit 10050.254
Selling price 11044
Calculation of Depreciation
Depreciation is calculated according to WDV Method
Land
Particulars I II III IV

Op Balance 0.00 289.49 289.49 289.49

Addition 289.49 0.00 0.00 0.00
Deduction 0.00 0.00 0.00 0.00
Gross Block 289.49 289.49 289.49 289.49
Less: Dep 0.00 0.00 0.00 0.00
Net Block 289.49 289.49 289.49 289.49
Depreciation - % 0.00 0.00 0.00 0.00
Depreciation - Rs. 0.00 0.00 0.00 0.00
Building
Particulars I II III IV

Op Balance 0.00 1505.81 1430.52 1359.00

Addition 1585.07 0.00 0.00 0.00
Deduction 0.00 0.00 0.00 0.00
Gross Block 1585.07 1505.81 1430.52 1359.00
Less: Dep 79.25 75.29 71.53 67.95
Net Block 1505.81 1430.52 1359.00 1291.05
Depreciation - % 5.00 5.00 5.00 5.00
Depreciation - Rs. 79.25 75.29 71.53 67.95

Plant & Machinery

Particulars I II III IV

Op Balance 0.00 2222.49 1889.11 1605.75

Addition 2614.69 0.00 0.00 0.00
Deduction 0.00 0.00 0.00 0.00
Gross Block 2614.69 2222.49 1889.11 1605.75
Less: Dep 392.20 333.37 283.37 240.86
Net Block 2222.49 1889.11 1605.75 1364.88
Depreciation - % 15.00 15.00 15.00 15.00
Depreciation - Rs. 392.20 333.37 283.37 240.86

Furniture & Fixtures

Particulars I II III IV

Op Balance 0.00 99.00 89.10 80.19

Addition 110.00 0.00 0.00 0.00
Deduction 0.00 0.00 0.00 0.00
Gross Block 110.00 99.00 89.10 80.19
Less: Dep 11.00 9.90 8.91 8.02
Net Block 99.00 89.10 80.19 72.17
Depreciation - % 10.00 10.00 10.00 10.00
Depreciation - Rs. 11.00 9.90 8.91 8.02

Total Dep. 482.46 418.56 363.80 316.83

Total Op. Balance 0.00 3827.30 3408.74 3044.93
Total Additions 4599.24 0.00 0.00 0.00
Closing Balance 4116.79 3698.22 3334.42 3017.59

Calculation of Creditors

Purchase 0.03 0.04 0.04 0.04

Months 0.5 0.5 0.5 0.5
Creditors (Rs. In MILLION) 0.00 0.00 0.00 0.00

Calculation of Debtors (on sales)

Sales 6295.08 7150.99 7703.19 8255.39

Months 0.75 0.75 0.75 0.75
Debtors (Rs. In MILLION) 393.44 446.94 481.45 515.96

Total Inventory
Raw Material 0.00 0.00 0.00 0.00
Work in Process 0.00 0.00 0.00 0.00
Finished Goods 0.02 0.02 0.02 0.03
Inventory 0.03 0.02 0.03 0.03
Add Debtors 393.44 446.94 481.45 515.96
Total Current Assets 393.47 446.96 481.48 515.99
Less Creditors 0.00 0.00 0.00 0.00
Working Capital 393.47 446.96 481.47 515.99
Margin for Working Capital 98.37 111.74 120.37 129.00

Working Capital Loan 295.10 335.22 361.11 386.99

Interest @ 12.0% 12.0% 35.41 40.23 43.33 46.44

 V VI VII VIII

80% 85% 90% 90%

1004 1066.75 1129.5 1129.5

47.0625 50.2 53.3375 56.475
50.2 53.3375 56.475 56.475

1000.8625 1063.6125 1126.36 1129.5

8.8 8.8 8.8 8.8

8807.59 9359.79 9911.99 9939.60

1004 1066.75 1129.5 1129.5

5020 5333.75 5647.5 5647.5

0.04 0.05 0.05 0.05

251 266.6875 282.375 282.375

0.00 0.00 0.00 0.00

235.3125 251 266.688 282.375

5020 5333.75 5647.5 5647.5
251 266.6875 282.375 282.375

5004 5318 5632 5648

0.02 0.02 0.02 0.02

0.04 0.05 0.05 0.05
0.02 0.02 0.02 0.02

0.04 0.05 0.05 0.05

 1004 1066.75 1129.5 1129.5
0 0 51.9863 51.986288
0.00 0.00 0.00 0.00

1004 1066.75 1129.5 1129.5

551.98629 551.98629 551.986 551.986288
0.03 0.03 0.03 0.03

1004 1066.75 1129.5 1129.5

0.00 0.00 0.00 0.00

1004 1066.75 1129.5 1129.5

0.01 0.01 0.01 0.01

1004 1066.75 1129.5 1129.5

0.00 0.00 0.00 0.00

1004 1066.75 1129.5 1129.5

0.50 0.53 0.56 0.56

1004 1066.75 1129.5 1129.5

0.44 0.47 0.50 0.50

M in 300 days = 4.18 TCKM/day, 50 employees @ Rs. 300/day

per day for 4.18 TCKM = R .003588/TCKM
 V VI VII VIII

289.49 289.49 289.49 289.49

0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
289.49 289.49 289.49 289.49
0.00 0.00 0.00 0.00
289.49 289.49 289.49 289.49
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00

V VI VII VIII

1291.05 1226.49 1165.17 1106.91

0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
1291.05 1226.49 1165.17 1106.91
64.55 61.32 58.26 55.35
1226.49 1165.17 1106.91 1051.57
5.00 5.00 5.00 5.00
64.55 61.32 58.26 55.35

V VI VII VIII

1364.88 1160.15 986.13 838.21

0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
1364.88 1160.15 986.13 838.21
204.73 174.02 147.92 125.73
1160.15 986.13 838.21 712.48
15.00 15.00 15.00 15.00
204.73 174.02 147.92 125.73

V VI VII VIII

72.17 64.95 58.46 52.61

0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
72.17 64.95 58.46 52.61
7.22 6.50 5.85 5.26
64.95 58.46 52.61 47.35
 10.00 10.00 10.00 10.00
7.22 6.50 5.85 5.26

276.50 241.84 212.02 186.34

2728.10 2451.60 2209.76 1997.73
0.00 0.00 0.00 0.00
2741.09 2499.24 2287.22 2100.88

0.04 0.05 0.05 0.05

0.5 0.5 0.5 0.5
0.00 0.00 0.00 0.00

8807.59 9359.79 9911.99 9939.60

0.75 0.75 0.75 0.75
550.47 584.99 619.50 621.23

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00
0.03 0.03 0.03 0.03
0.03 0.03 0.04 0.04
550.47 584.99 619.50 621.23
550.50 585.02 619.54 621.26
0.00 0.00 0.00 0.00
550.50 585.02 619.53 621.26
137.63 146.25 154.88 155.32

412.88 438.76 464.65 465.95

49.55 52.65 55.76 55.91

TERM LOAN 3,637.29 LACS 279.79146

12%

I I Half Year II Half Year Total

Opening Balance 0.00 3,637.29

Disbursement 3,637.29 0.00
Repayment 0.00 0.00 0.00
Closing Balance 3,637.29 3,637.29
Interest 218.24 218.24 436.47
II
Opening Balance 3,637.29 3,637.29
Disbursement 0.00 0.00
Repayment 0.00 279.79 279.79
Closing Balance 3,637.29 3,357.50
Interest 218.24 218.24 436.47
III
Opening Balance 3,357.50 3,077.71
Disbursement 0.00 0.00
Repayment 279.79 279.79 559.58
Closing Balance 3,077.71 2,797.91
Interest 201.45 184.66 386.11
IV
Opening Balance 2,797.91 2,518.12
Disbursement 0.00 0.00
Repayment 279.79 279.79 559.58
Closing Balance 2,518.12 2,238.33
Interest 167.87 151.09 318.96
V
Opening Balance 2,238.33 1,958.54
Disbursement 0.00 0.00
Repayment 279.79 279.79 559.58
Closing Balance 1,958.54 1,678.75
Interest 134.30 117.51 251.81
VI
Opening Balance 1,678.75 1,398.96
Disbursement 0.00 0.00
Repayment 279.79 279.79 559.58
Closing Balance 1,398.96 1,119.17
Interest 100.72 83.94 184.66
VII
Opening Balance 1,119.17 839.37
Disbursement 0.00 0.00
Repayment 279.79 279.79 559.58
Closing Balance 839.37 559.58
Interest 67.15 50.36 117.51
VIII
Opening Balance 559.58 279.79
Disbursement 0.00 0.00
Repayment 279.79 279.79 559.58
Closing Balance 279.79 0.00
Interest 33.57 16.79 50.36

DSCR
I II III IV V VI VII
Profit after taxes 3619.96 4260.38 4718.29 5182.50 5642.06 6217.16 6669.37
Add Depreciation 482.46 418.56 363.80 316.83 276.50 241.84 212.02
Add Interest on Loan 436.47 436.47 386.11 318.96 251.81 184.66 117.51
Total 4538.89 5115.42 5468.21 5818.29 6170.37 6643.67 6998.90

Interest 436.47 436.47 386.11 318.96 251.81 184.66 117.51

Installment 0.00 279.79 559.58 559.58 559.58 559.58 559.58
Total 436.47 716.27 945.70 878.55 811.40 744.25 677.10

DSCR 10.40 7.14 5.78 6.62 7.60 8.93 10.34

 VIII
6753.56
186.34
50.36
6990.27 47744.03

50.36
559.58
609.95 5,819.66

11.46 8.20
 Name - XYZ Industries
ESTIMATE OF PROFITABILITY OF PROPOSED PROJECT (Rs. In lacs)

Particulars I II III IV V VI VII

(Proj.) (Proj) (Proj) (Proj) (Proj) (Proj) (Proj)

Sales Revenue
Sales 6295.08 7150.99 7703.19 8255.39 8807.59 9359.79 9911.99

Total Sales 6295.08 7150.99 7703.19 8255.39 8807.59 9359.79 9911.99

Cost of Production :
Material consumption 0.02 0.03 0.04 0.04 0.04 0.05 0.05
Wages 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Power & Fuel 0.00 0.00 0.01 0.01 0.01 0.01 0.01
Other direct expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.02 0.04 0.04 0.05 0.05 0.05 0.06

Less : Stock Adjusted 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Op.Stock of WIP - Rs. 0 0.00 0.00 0.00 0.00 0.00 0.00

Cl. Stock OF WIP- Rs. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Prime Cost 0.02 0.04 0.04 0.05 0.05 0.05 0.05

Administrative Expenses 0.38 0.41 0.44 0.47 0.50 0.53 0.56

Depreciation 482.46 418.56 363.80 316.83 276.50 241.84 212.02

Total Cost of Production 482.85 419.02 364.29 317.35 277.05 242.43 212.64

Less : Stock Adjusted 0.020782284 0.00173186 0.00173185698 0.001731857 0.001731857 0.00173185698 0.00173186

Op.Stock - Rs. 0 0.02 0.02 0.02 0.03 0.03 0.03

Cl. Stock - Rs. 0.02 0.02 0.02 0.03 0.03 0.03 0.03

Cost of Goods Sold 482.83 419.01 364.28 317.35 277.05 242.43 212.64

Gross Profit 5812.25 6731.98 7338.91 7938.04 8530.54 9117.36 9699.35

Selling & Admn. Expenses:

Selling & Distribution Exp. 0.33 0.36 0.39 0.42 0.44 0.47 0.50
Interest on Term Loan 436.47 436.47 386.11 318.96 251.81 184.66 117.51
Interest on Working Capital 35.41 40.23 43.33 46.44 49.55 52.65 55.76
Preliminary exp. Written off 170.74 170.74 170.74 170.74 170.74 0.00 0.00

Total Cost of Sales 1125.79 1066.81 964.86 853.90 749.59 480.21 386.41

PBT 5169.29 6084.18 6738.33 7401.49 8058.00 8879.58 9525.58

Total Net Profit Before Tax 5169.29 6084.18 6738.33 7401.49 8058.00 8879.58 9525.58
Income Tax Liability 1549.33 1823.79 2020.04 2218.99 2415.94 2662.41 2856.21
Net Profit After Tax 3619.96 4260.38 4718.29 5182.50 5642.06 6217.16 6669.37
% of Net Profit to Sales 57.50 59.58 61.25 62.78 64.06 66.42 67.29
Profit before dep. , int. and ta 6,123.63 6,979.44 7,531.58 8,083.72 8,635.86 9,358.73 9,910.87
Total Interest 471.89 476.70 429.44 365.40 301.36 237.31 173.27
Cash accruals 4102.42 4678.95 5082.10 5499.33 5918.56 6459.01 6881.39
 VIII
(Proj)

9939.60

9939.6

0.05
0.00
0.01
0.00

0.06
0.00

0.00
0.00

0.06

0.56
186.34

186.96

0.03
0.03

186.96

9752.64

0.50
50.36
55.91
0.00

293.74 ROE
Return on own capital
9645.86 1.00
9645.86 ROCE
2892.30 Return on capital employed
6753.56 0.66
67.95
9,938.48
106.28
6939.90
PROJECTED BALANCE SHEET

I II III IV V VI VII
(Proj.) (Proj) (Proj) (Proj) (Proj) (Proj) (Proj)
LIABILITIES :

(A) Opening Capital 0.00 3619.96 7880.35 12598.64 17781.14 23423.20 29640.36
Add: Profit/ (loss) 3619.96 4260.38 4718.29 5182.50 5642.06 6217.16 6669.37
Closing Balance 3619.96 7880.35 12598.64 17781.14 23423.20 29640.36 36309.73

(B) Term Loan 3,637.29 3,357.50 2,797.91 2,238.33 1,678.75 1,119.17 559.58

(C) Working Capital L 295.10 335.22 361.11 386.99 412.88 438.76 464.65

(E) Unsecured Loan 3637.29 3637.29 3637.29 3637.29 3637.29 3637.29 3637.29

(F) Creditors 0.00 0.00 0.00 0.00 0.00 0.00 0.00

(G) Other Current Liab. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL LIABILITIE 11189.64 15210.35 19394.95 24043.76 29152.12 34835.58 40971.26

ASSETS :

(A) Fixed Assets (Gross) 4599.24 4599.24 4599.24 4599.24 4599.24 4599.24 4599.24
Less : Depreciation 482.46 901.02 1264.82 1581.65 1858.16 2100.00 2312.02
Net Block 4116.79 3698.22 3334.42 3017.59 2741.09 2499.24 2287.22

(B) Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00

(C) Current Assets

- Inventory 0.03 0.02 0.03 0.03 0.03 0.03 0.04
- Loans & Advance 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- Sundry Debtors 393.44 446.94 481.45 515.96 550.47 584.99 619.50
- Cash And Bank B 10193.19 14749.71 19434.34 24536.19 30057.28 35948.08 42261.25
- Priliminary exp. 682.95 512.21 341.48 170.74 0.00 0.00 0.00

TOTAL ASSETS 15386.40 19407.11 23591.71 28240.51 33348.87 39032.34 45168.01

4196.76 4196.76 4196.76 4196.76 4196.76 4196.76 4196.76

the cash balance is availble for replacement of plant and machinerires and for expansion purposes.
 VIII
(Proj)

36309.73
6753.56
43063.29

0.00

465.95

3637.29

0.00

0.00

47166.53

4599.24
2498.36
2100.88

0.00

0.04
0.00
621.23
48641.14
0.00

51363.29

4196.76
CASH FLOW STATEMENT
(Rs. in Lakhs)
PARTICULARS
0 I II III IV V VI VII

SOURCES OF FUNDS
Net Profit after Tax before , Dep. 0.00 4,273.16 4,849.69 5,252.84 5,670.07 6,089.30 6,459.01 6,881.39
Share Capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Term Loan 0.00 3,637.29 0.00 0.00 0.00 0.00 0.00 0.00
Unsecured Loan 3,637.29 0.00 0.00 0.00 0.00 0.00 0.00
Increase in WC Loan 295.10 40.12 25.89 25.89 25.89 25.89 25.89

TOTAL FUNDS AVAILABLE 0.00 11,842.84 4,889.81 5,278.72 5,695.96 6,115.18 6,484.89 6,907.28

APPLICATION OF FUNDS
Fixed Assets 402.49 402.49 0.00 0.00 0.00 0.00 0.00 0.00
Pre-op Exp 853.69 853.69 0.00 0.00 0.00 0.00 0.00 0.00
Incre.in Investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Incre.In Woking Capital 5,455.93 393.47 53.49 34.51 34.51 34.51 34.51 34.52
Repayment of Term Loan 0.00 279.79 559.58 559.58 559.58 559.58 559.58

TOTAL APPL. OF FUNDS 6,712.11 1,649.64 333.28 594.10 594.10 594.10 594.10 594.10

Opening Balance of Cash 0.00 10,193.19 14,749.71 19,434.34 24,536.19 30,057.28 35,948.08
Cash accrued during the year 10,193.19 4,556.52 4,684.62 5,101.86 5,521.09 5,890.79 6,313.18
Closing Balance of Cash 10,193.19 14,749.71 19,434.34 24,536.19 30,057.28 35,948.08 42,261.25
 VIII

6,939.90
0.00
0.00
0.00
1.29

6,941.20

0.00
0.00
0.00
1.73
559.58

561.31

42,261.25
6,379.89
48,641.14
 APPENDIX 17.11
Assessment of Working Capital Requirements
FORM II
OPERATING STATEMENT
Name -suzlon Energy Industries
(Amount - Rs. In lacs)
As Per Profit & Loss AccountsActuals/estimates for the year ended/ending
I II III IV

1. GROSS SALES
I)Gross Sales 6295.08 7150.99 7703.19 8255.39
Total 6295.08 7150.99 7703.19 8255.39
percentage rise
(+) or fall ( - )
in Receipts as compared to previous year
ii) OTHER INCOME
a. Duty draw back 0.00 0.00 0.00 0.00
b. Insurance Claim 0.00 0.00 0.00 0.00
c. Commission & Brokerage received 0.00 0.00 0.00 0.00
d. Sub total (a+b+c) 0.00 0.00 0.00 0.00
iii) Total (I) + (ii) 6295.08 7150.99 7703.19 8255.39
2. COST OF SALES
(I) Consumpsion 0.02 0.03 0.04 0.04
(ii) Other Trading Expenses
(Carrige Inword, Commission,
Brokerage on Purchases) 0.00 0.01 0.01 0.01
(iii) Sub Total (i+ii) 0.02 0.04 0.04 0.05
(iv) Add - Opening Stock 0.00 0.02 0.02 0.02
(v) Sub Total (iii+iv) 0.02 0.06 0.07 0.07
(vi) Less Closing Stock 0.02 0.02 0.02 0.03
(vii) Sub-Total (Total Cost of Sales)(v-vi) 0.00 0.04 0.04 0.05
3. SELLING GENERAL &
ADMINISTRATIVE EXPENSES
(Including Bonus Payment) 0.71 0.77 0.83 0.89

4. OPERATING PROFIT
(Before intrerst & Depreciation)
[1(iii) - 2 (vii) - 3 ] 6294.37 7150.18 7702.32 8254.46
5. INTEREST on working capital 35.41 40.23 43.33 46.44
on term loan 436.47 436.47 386.11 318.96
6. DEPRECIATION 482.46 418.56 363.80 316.83
7. OPERATING PROFIT
(after interest & depreciation)
(4-5-6) 5340.03 6254.92 6909.07 7572.23
8. (i) Add : Other non Operating Income 0.00 0.00 0.00 0.00
a.C & A Commission 0.00 0.00 0.00 0.00
b. Interest 0.00 0.00 0.00 0.00
c. Discount 0.00 0.00 0.00 0.00
d. Sub - Total (INCOME) 0.00 0.00 0.00 0.00
(ii) Less - Non operating Expenses 170.74 170.74 170.74 170.74
a. 0.00 0.00 0.00 0.00
b. 0.00 0.00 0.00 0.00
c. Sub - Total (EXPENSES) 0.00 0.00 0.00 0.00
(iii) Net of other Non operating 0.00 0.00 0.00 0.00
Income /expenses [Net of 0.00 0.00 0.00 0.00
8(I) & 8 (ii) 0.00 0.00 0.00 0.00
09. PROFIT/(LOSS) BEFORE TAX [7+8(iii)] 5169.29 6084.18 6738.33 7401.49
10. PROVISION FOR TAXES 1549.33 1823.79 2020.04 2218.99
11. NET PROFIT/(LOSS) (9-10) 3619.96 4260.38 4718.29 5182.50
12. (a) Equity Dividend paid ** 0.00 1.00 2.00 3.00
(b) Dividend Rate 0% 100% 200% 300%
13. RETAINED PROFIT 3619.96 4259.38 4716.29 5179.50
14. RETAINED PROFIT/NET PROFIT 100% 100% 100% 100%
( %AGE ) (13 - 11)

ADDITIONAL DATA
Break-up of Sales Turnover
(inclusiv of other income)
a. Domestic Sales
1st Quarter 0.00 0.00 0.00 0.00
2nd Quarter 0.00 0.00 0.00 0.00
3rd Quarter 0.00 0.00 0.00 0.00
4th Quarter 0.00 0.00 0.00 0.00
Sub Total 0.00 0.00 0.00 0.00
b. Expotr sales
1st Quarter 0.00 0.00 0.00 0.00
2nd Quarter 0.00 0.00 0.00 0.00
3rd Quarter 0.00 0.00 0.00 0.00
4th Quarter 0.00 0.00 0.00 0.00
Sub Total 0.00 0.00 0.00 0.00
Total (a + b)
[To agree with 1 (iii)] 0.00 0.00 0.00 0.00
 APPENDIX 1/.IV
Assessment in working Capital Requirements
FORM - III
Analysis Of Balance Sheet
Name -suzlon Energy Industries
(Amount - Rs. In lacs)
As Per Profit & Loss AccountsActuals/estimates for the year ended/ending
I II III IV

CURRENT LIABILITIES
1. Short term borrowings from banks(incldg.
bills purchased, discounted & excess
borowings palace on repayment basis)
(a) from applicant bank (CC Limit) 295.10 335.22 361.11 386.99
Against Bank FDR 0.00 0.00 0.00 0.00
(b) from other banks 0.00 0.00 0.00 0.00
(c) ( of which BP & BD)
sub - total (A) 295.10 335.22 361.11 386.99
2. Short term borrowings from others 0.00 0.00 0.00 0.00
3. Sundry Creditors (Trade)
( month's purchases) 0.00 0.00 0.00 0.00
4. Advance payments from customers
/deposits from dealers 0.00 0.00 0.00 0.00
5. Provision for taxation 0.00 0.00 0.00 0.00
6. Dividend Payable 0.00 0.00 0.00 0.00
7. Other statutory liabilities
(due within one year) 0.00 0.00 0.00 0.00
8. Deposits/ Debentures/ Instalments
under term loan/ DPGs, etc.
(due within one year) 0.00 0.00 0.00 0.00

9. Other current liabilities & provisions

(due within one year) 0.00 0.00 0.00 0.00
(specify major items)
sub - total (B) 0.00 0.00 0.00 0.00
10. Total Current liabilities ( total of 1 to 9) 295.10 335.22 361.11 386.99

TERM LIABILITIES
11.Debentures(not maturing within one year) 0.00 0.00 0.00 0.00
12.Prefereance shares ( redeemable after
one year) 0.00 0.00 0.00 0.00
13.Term loan (excluding instalment payable
within one year)(Unsecured Loans) 3637.29 3357.50 2797.91 2238.33
14. Deferred Payment Credits
(excluding instalment due
within one year) 0.00 0.00 0.00 0.00
15. Term loan (repayable after one year) 0.00 0.00 0.00 0.00
16. Other term liabilities 0.00 0.00 0.00 0.00
17. Total term liabilities 3637.29 3357.50 2797.91 2238.33
18. Total outside liabilities (10 + 17) 3932.39 3692.72 3159.02 2625.32
NET WORTH
19. Share Capital 0.00 3619.96 7880.35 12598.64
20. General Reserve 0.00 0.00 0.00 0.00
21. Revaluation Reserve 0.00 0.00 0.00 0.00
22. Other reserve ( excluding Provision) 0.00 0.00 0.00 0.00
23. Surplus (+) or deficit ( - ) in 0.00 0.00 0.00 0.00
Profit & Loss Account) 3619.96 4260.38 4718.29 5182.50
24. Net Worth 3619.96 7880.35 12598.64 17781.14
25. Total Liabilities (18 + 24) 7552.35 11573.07 15757.66 20406.47
CURRENT ASSETS
26. Cash & Bank Balance 10193.19 14749.71 19434.34 24536.19
27. Investments
(Other then long term Investments)
( I ) Governmrnts & other Trustees
Securities) 0.00 0.00 0.00 0.00
( ii ) Fixed deposite with banks 0.00 0.00 0.00 0.00
28. ( I ) Receivable other then deferred &
Exports (Including bills purchased
& discounted by bankers
(Month's domestic Sales) 393.44 446.94 481.45 515.96
( ii )Export receivables
Exports (Including bills purchased
& discounted by bankers
(Month's domestic Sales) 0.00 0.00 0.00 0.00
29. Instalments under deferred receivables
( due within one year) 0.00 0.00 0.00 0.00
30. Stock-in-trade (Month's cost of sales) 0.03 0.02 0.03 0.03
31. Advances to suppliers of merchandise 0.00 0.00 0.00 0.00
32. Advances payment of taxes 0.00 0.00 0.00 0.00
33. Other current Assets
(Specify major Items) 0.00 0.00 0.00 0.00
34. Total Current Assets (Total of 26 to 33) 10586.66 15196.67 19915.81 25052.18
FIXED ASSETS
35. Gross Block(Land & Building machinery
furniture & fitings vehicles) 4599.24 4116.79 3698.22 3334.42
36. Depreciation to date 482.46 418.56 363.80 316.83
37. Net Block (35-36) 4116.79 3698.22 3334.42 3017.59

OTHER NON CURRENT ASSETS

38. Investments/book debt/advances/
deposites which are not Current Assets
( I ) (a) Investments in subsidiary
company/affiliates 0.00 0.00 0.00 0.00
(b) Others 0.00 0.00 0.00 0.00
( ii ) Advances to suppliers of Capital
goods & contractors 0.00 0.00 0.00 0.00
( iii ) Deferred receivables (Maturity
exceeding one year) 0.00 0.00 0.00 0.00
( iv ) Security deposit/tender deposits 0.00 0.00 0.00 0.00
( v ) Others 0.00 0.00 0.00 0.00
39. Obsolete Stocks 0.00 0.00 0.00 0.00
40. Other non-current assets
(Including dues from directors) 0.00 0.00 0.00 0.00
41. Total other non-current assets
(Total of 38 to 40) 0.00 0.00 0.00 0.00
42. Intangible assets (Patents, Goodwill,
preliminary expenses, bad/doubtful
debts not provided for, etc. 682.95 512.21 341.48 170.74
43. Total Assets( Total of 34,37,41 & 42) 15386.40 19407.11 23591.71 28240.51
44. Tangible Net Worth (24 - 42) 2937.01 7368.13 12257.16 17610.40
45. Net working Capital
[(17+24) - (37+41+42)]
To tally with (34 -10 ) 2457.51 7027.41 11720.66 16831.15
46. Current Ratio (34 - 10) 35.87 45.33 55.15 64.74
47. Total outside Libilities/ tangiable
net worth ( 18 / 44) 1.34 0.50 0.26 0.15

ADDITIONAL INFORMATION
(A) Arrears of Depreciation 0.00 0.00 0.00 0.00
(B) Contingent liabilities :
(a) Arrears of cumulative dividends)
(b) Gratuity liability not provided for 0.00 0.00 0.00 0.00
(c) Disputed excise/customs/tax
liabilities 0.00 0.00 0.00 0.00
(d) Bills accepted/guarantees extended
to accommodate associate/sister
concerns or other third parties 0.00 0.00 0.00 0.00
(e) Other liabilities not provided for 0.00 0.00 0.00 0.00
 APPENDIX 1/.IV
Assessment in Working Capital Requirements
FORM - IV
Comparative Statement of Current Assets and Current Liabilities
Name -suzlon Energy Industries
I II III IV

A. CURRENT ASSETS
1) Stock-in-trade
(month's cost of sales) 0.03 0.02 0.03 0.03
2) Receivables other
then export and deferr
ed receivables (inclu-
ding bills purchased
and discounted by
bankers)
(month's domestics -
Sales) 393.44 446.94 481.45 515.96
3) Export receivable
(including bills purch-
ased and discounted)
(Month's export Sales) 0.00 0.00 0.00 0.00
4) Advances to supp-
liers of merchandies 0.00 0.00 0.00 0.00
5)Other current assets
(including cash &
Bank balances &
diferred receivables
due with in one year )
(specify major items) 10193.19 14749.71 19434.34 24536.19
6)Total current assets
(To agree with item 34
in From III) 10586.66 15196.67 19915.81 25052.18

B. Current Liabilities
(Other then bank
borrowings for working
capital )
7) Sundry creditors
(Trade)
(Month's Purchases) 0.00 0.00 0.00 0.00
8) Advance payments
from customers/
deposits from dealers 0.00 0.00 0.00 0.00
9) Statutory liablities 0.00 0.00 0.00 0.00
10) Other Current
liabilities (Specify
major items such as
short term borrowing,
unsecured loans,
dividend payable,
instalments of TL ,
DPG, Public deposits
debentures etc.) 0.00 0.00 0.00 0.00
11) Total
(To agree with sub-
total B-Form III) 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00

Current Assets 10586.66 15196.67 19915.81 25052.18

Less - Current Liabilities(Exluding Bank fin) 0.00 0.00 0.00 0.00
Working Capital Gap 10586.66 15196.67 19915.81 25052.18
Less - 25% of Total Current Assets 2646.66 3799.17 4978.95 6263.05
Permissible Bank Finance 7939.99 11397.50 14936.86 18789.14

APPENDIX 17.V
Assessment in Working Capital Requirements
FORM - V
Computation of Maximum Permissible Bank Finance for Working Capital
Name -suzlon Energy Industries
I II III IV

01. Total current Assets (34 of form III ) 10586.66 15196.67 19915.81 25052.18
02. Current Liabilities (2 to 9 of form III )
Other then bank borrowings) 0.00 0.00 0.00 0.00
03. Working Capital Gap (WCG) (1 - 2) 10586.66 15196.67 19915.81 25052.18
04. Min. stipulated Net Working Capital
25% of total current assets other then
Export Receivables
[ as at 28 (ii) of form III] 2646.66 3799.17 4978.95 6263.05
05. Actual/projected net working capital
(45 of form III) 2457.51 7027.41 11720.66 16831.15
06. Item 3 minus item 4 7939.99 11397.50 14936.86 18789.14
07. Item 3 minus item 5 8129.14 8169.26 8195.15 8221.04
08. Maximum permissible bank finance
(Item 6 or 7, which ever is lower) 7939.99 8169.26 8195.15 8221.04
09.Excess borrowings, if any representing
shortfall in NWC (4 - 5) 0.00 0.00 0.00 0.00
 APPENDIX 17.VI
Assessment in Working Capital Requirements
FORM - VI

suzlon Energy ltd.

I II III IV
1. Sources
a) Net Profit (after tax) 3619.96 4260.38 4718.29 5182.50
b) Depreciation 482.46 418.56 363.80 316.83
c) Increase in capital 0.00 0.00 0.00 0.00
d) Increase in term Liabilities (Includings Public
deposits) 3637.29 0.00 0.00 0.00
e) Decrease in
I) Fixed Assets 0.00 0.00 0.00 0.00
ii) Other non-current assets 170.74 170.74 170.74 170.74
f) Others
g) Total 7910.45 4849.69 5252.84 5670.07
2. Uses
a) Net Loss 0.00 0.00 0.00 0.00
b) Decrease in Term Liabilities
(including public deposits) 0.00 279.79 559.58 559.58
c) Increase in :
I) Fixed Assets 4599.24 0.00 0.00 0.00
ii) Other non-current assets 853.69 0.00 0.00 0.00
d) Dividend payments 0.00 0.00 0.00 0.00
e) Others 0.00 0.00 0.00 0.00
f) Total 5452.93 279.79 559.58 559.58
3. Long Tern Surplus (+)/Deficit ( - ) (1 - 2) 2457.51 4569.89 4693.25 5110.49
4. Increase/decrease in current assets
*(as per details given below) 10586.66 4610.01 4719.14 5136.37
5. Increase/decrease in current liabilities
Other then bank borrowings 0.00 0.00 0.00 0.00
6. Increase/decrease in working capital gap 10586.66 4610.01 4719.14 5136.37
7. Net Surplus ( + )/deficit 9 ( - )
(Difference of 3 & 6 ) -8129.14 -40.12 -25.88 -25.89
8. Increase/decrease in Bank borrowings 295.10 40.12 25.89 25.89
INCREASE/DECREASE IN NET SALES
I). Increase/decrease in stock-in-trade 0.00 0.00 0.00 0.00
ii). Increase/decrease in Receivables
(a) Domestic 0.00 0.00 53.49 34.51
(b) Exports
(Amount - Rs. In lacs)

8807.59
8807.59

0.00
0.00
0.00
0.00
8807.59

0.04

0.01
0.05
0.03
0.08
0.03
0.05

0.95

8806.60
49.55
251.81
276.50
8228.74
0.00
0.00
0.00
0.00
0.00
170.74
0.00
0.00
0.00
0.00
0.00
0.00
8058.00
2415.94
5642.06
4.00
400%
5638.06
100%

0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00

0.00
Amount - Rs. In lacs)

412.88
0.00
0.00

412.88
0.00

0.00

0.00
0.00
0.00

0.00

0.00

0.00

0.00
412.88

0.00

0.00

1678.75
 0.00
0.00
0.00
1678.75
2091.63

17781.14
0.00
0.00
0.00
0.00
5642.06
23423.20
25514.83

30057.28

0.00
0.00

550.47

0.00

0.00
0.03
0.00
0.00

0.00
30607.79

3017.59
276.50
 2741.09

0.00
0.00

0.00

0.00
0.00
0.00
0.00

0.00

0.00

0.00
33348.87
23423.20

22360.86
74.13

0.09

0.00

0.00

0.00

0.00
0.00
es

0.03

550.47

0.00

0.00

30057.28

30607.79
 0.00

0.00
0.00

0.00

0.00
0.00

30607.79
0.00
30607.78
7651.95
22955.84

Capital

30607.79

0.00
30607.78

7651.95

22360.86
22955.84
8246.92

8246.92

0.00
 V

5642.06
276.50
0.00

0.00

0.00
170.74

6089.30

0.00

559.58

0.00
0.00
0.00
0.00
559.58
5529.72

5555.60

0.00
5555.60

-25.89
25.89

0.00

34.51
 Assessment in Working Capital Requirements

I II III

A. CURRENT ASSETS
Stock-in-trade 0.03 0.02 0.03
Receivables 393.44 446.94 481.45
Advances 0.00 0.00 0.00
Cash and Bank 10193.19 14749.71 19434.34
Other current assets
Total current assets 10586.66 15196.67 19915.81

B. Current Liabilities
Sundry creditors 0.00 0.00 0.00
Statutory liablities 0.00 0.00 0.00
Other Current Liabilities 0.00 0.00 0.00

Total Current Liabilities 0.00 0.00 0.00

Current Assets 10586.66 15196.67 19915.81

Less - Current Liabilities(Exluding Bank fin) 0.00 0.00 0.00
Working Capital Gap 10586.66 15196.67 19915.81
Less - 25% of Total Current Assets 2646.66 3799.17 4978.95
Permissible Bank Finance 7939.99 11397.50 14936.86
ements

IV V VI VII VIII

0.03 0.03 0.03 0.04 0.04

515.96 550.47 584.99 619.50 621.23
0.00 0.00 0.00 0.00 0.00
24536.19 30057.28 35948.08 42261.25 48641.14

25052.18 30607.79 36533.10 42880.79 49262.41

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

25052.18 30607.79 36533.10 42880.79 49262.41

0.00 0.00 0.00 0.00 0.00
25052.18 30607.78 36533.09 42880.79 49262.40
6263.05 7651.95 9133.27 10720.20 12315.60
18789.14 22955.84 27399.82 32160.59 36946.80
 APPENDIX 17.1
FORM - I
Particular of the Existing/Proposed Limits from the Banking System
(Limits from all Banks & Financial Institutions as on date of application)
S. No. Name of Bank/ Nature of Exisiting Extent to which limits Balance Limits now
Financial Institution facility Limits were utilised during Out Standing requested
the last 12 Months As on date
Max. Min.

A. WORKING CAPITAL LIMITS

1 C.C A/c 0.00 0.00 295.10

S.No. Name of Bank/ Sanctioned Limits Out Standing Overdues Remarks

Financial Institutions As on if any

B. TERM LOANS 0.00 0.00 3637.29

(excluding working capital term loans)

ANNEXURE TO FORM 1
INFORMATION ON ASSOCIATE COMPANIES

(Companies/firms/concerns in which directors/partners/proprietor and / or their family members of the borrower

company is/are associated with the other unit as director/partners/proprietor or has/have furnished guarantees)

(Amount - Rs. In lacs)

S.No. Name of Line of Annual Limits from all Banks and Financial Institutions
the asso- Activity make up
ciates co. of account Name of Working Capital Term DGP Over
(Date of Banks/ loan dues
Balance Financial Fund Non fund if any
Sheet) Institutions base base

1 2 3 4 5 6 7 8 9 10

None None None None No

None None None None No