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
