M/s.

Rudra Creation
ASSESSMENT OF WORKING CAPITAL
FORM ll : OPERATING STATEMENT
(Amount (`) in Lakhs)
Particulars 2023-24 2024-25 2025-26 2026-27 2027-28
ITR Submitted Estimated Projected
1. GROSS SALES
Domestic Sales - Trading
Domestic Sales - Manufacturing
Job Work- sale 13.10 175.00 183.75 192.94 202.58
Export Sales - - - - -
Total 13.10 175.00 183.75 192.94 202.58
Other Income 0.00 0.00 0.00 0.00 0.00
2. LESS EXCISE DUTY - - - - -
3. NET SALES (1 - 2) 13.10 175.00 183.75 192.94 202.58
4. %AGE RISE(+) / FALL(-) IN NET SALES AS
COMPARED TO PREVIOUS YEAR 1235.56 5.00 5.00 5.00
5. COST OF SALES
(i) Opening stock of Raw Material
(ii) Raw materials (including stores & other items 0.42 0.62 15.20 15.96 16.76
used in manufacture)
A. IMPORTED - - - - -
B. INDIGENOUS 2.00 125.25 110.15 115.66 121.44
(iii) Other Spares :-
A. IMPORTED - - - - -
B. INDIGENOUS - - - - -
(iv) SUB TOTAL (i - iv) 2.42 125.87 125.35 131.62 138.20
(v) DEDUCT : Closing stock of Raw Material 0.62 15.20 15.96 16.76 17.60
(vi) Cost of Raw Material Consumed 1.80 110.67 109.39 114.86 120.60
(vii) Power & Fuel & Electricity 0.80 15.00 14.90 14.80 14.60
(viii) Direct Labour 1.80 12.50 13.13 13.78 14.47
(ix) Other Mfg. Expenses 0 0.00 0.00 0.00 0.00
(x) Indirect Expenses 0.20 13.20 13.50 13.80 13.90
(xi) SUB TOTAL (vi - x) 4.60 151.37 150.92 157.24 163.57
(xii) ADD : Opening stock work in progress - - - - -
SUB TOTAL 4.60 151.37 150.92 157.24 163.57
(xiii) DEDUCT : Closing Work In Progress - - - - -
(xiv) COST OF PRODUCTION 4.60 151.37 150.92 157.24 163.57
(xv) ADD : Opening Stock of Finished Goods - - - - -
SUB TOTAL 4.60 151.37 150.92 157.24 163.57
(xvi) LESS : Closing Stock of Finished Goods - - - - -
SUB TOTAL 4.60 151.37 150.92 157.24 163.57
(xvii) Opening stock of Packing Material - - - - -
(xviii) ADD: Purchase of Packing Material - - - - -
SUB TOTAL 4.60 151.37 150.92 157.24 163.57
(xix) LESS: Closing Stock of Packing Material - - - - -
(xx) SUB TOTAL (COST OF SALES) 4.60 151.37 150.92 157.24 163.57
6. Rent Expenses 4.20 4.41 4.50 4.59 4.68
7. SUB TOTAL (5+6) 8.80 155.78 155.41 161.83 168.25
8. Operating Profit Before Interest (3-7) 4.31 19.22 28.34 31.11 34.33
9. Interest
- Working Capital - - - - -
=-Term Loan/OD 0.00 1.12 3.12 2.53 1.88
10. Operating Profit After Interest (8-9) 4.31 18.10 25.22 28.58 32.45
11 (i) ADD : Other Non-operating Income
(a) License Premium - - - - -
(b) Other - - - - -
SUB TOTAL (INCOME)
(ii) DEDUCT : Other Non-Operating Expenses
(a) License Premium - - - - -
(b) Other - - - - -
SUB TOTAL (EXPENSES) - - - - -
(iii) Net of Other Non-operating income/Expenses - - - - -
12. Profit Before Tax/Loss [10 +11(iii)] 4.31 18.10 25.22 28.58 32.45
13. Provision for Taxes 0.00 0.38 0.49 0.60 0.73
14. Net Profit/Loss (12-13) 4.31 17.72 24.74 27.98 31.72
15. (a) Equity Dividend Paid) - Amount - - - - -
(b) Dividend Rate - - - - -
16. Retained Profit (14-15) 4.31 17.72 24.74 27.98 31.72
17. Retained Profit / Net Profit (%Age) 100% 100% 100% 100% 100%
 M/s. Rudra Creation
ANALYSIS OF BALANCE SHEET

(Amount (`) in Lakhs)

Particulars 2023-24 2024-25 2025-26 2026-27 2027-28

ITR Submitted Estimated Projected

LIABILITIES

CURRENT LIABILITIES
1. Short Term Borrowing From Bank
Bills Purchased , Discounted & Excess Borrowing
Placed on Payment Basis
(i) From Applicant Bank-Term Loan 0.00 35.00 28.78 22.45 15.45
(ii) From Other bank - - - - -
(iii) (Of Which BP & BD) - - - - -
SUB TOTAL (A) 0.00 35.00 28.78 22.45 15.45
2. Short Term Borrowing From Others 0.00 0.00 0.00 0.00 0.00
3. Sundry Creditors (Trade) 0.00 42.39 43.10 43.35 43.50
4. Advance Payment From Customers / Deposits - - - - -
From Dealers/ - - - - -
5. Provision For Taxation 0.00 0.38 0.49 0.60 0.73
6. Dividend payable - - - - -
7. Other Statutory Liabilities (Due Within One Year) - - - - -
8. Deposits / Installments of Term Loans, DPES,
Debentures etc. (Due Within One Year) - - - - -
9. Other Current Liabilities & Provisions - Salary and wages, payable 0.00 0.75 1.10 1.4 1.56

SUB TOTAL (B) 0.00 43.52 44.69 45.31 45.79

10. Total Current Liabilities 0.00 78.52 73.47 67.76 61.24
[Total of 1 to 9 Excluding 1(iii)]
TERM LIABILITIES
11. Debentures (Not Maturing Within One Year) - - - - -
12. Preference Shares (Redeemable After One Year) - - - - -
13. Term Loans (Excluding [Link] within One Yr.) - - - - -
14. Deferred Payment Credits (Excluding Installments
Due Within One Yr.) - - - - -
15. Term Deposits (Repayable After One Yr.) - - - - -
16. Other Liabilities - Unsecured Loans 0.00 0.00 0.00 0.00 0.00
17. Total Term Liabilities (11 to 16) 0.00 0.00 0.00 0.00 0.00
18. Total Outstanding Liabilities (10+17) 0.00 78.52 73.47 67.76 61.24
NET WORTH - - - - -
19. Ordinary Share Capital / Partners Capital 13.34 15.90 31.82 54.06 79.53
20. Addition during the year - - - - -
21. Bank Interest and It Refund 0.00 - - - -
22. Other Reserve (Excluding Provisions) - - - - -
23. Surplus (+) or Deficit (-) In Profit & Loss Account 4.31 17.72 24.74 27.98 31.72
24. Withdrawals / Remmuneration for the year 1.74 1.80 2.50 2.50 2.50
25. Net Worth (19 to 23)-24 15.90 31.82 54.06 79.53 108.76
26. Total Liabilities and Equity (18+25) 15.90 110.35 127.52 147.30 169.99
 M/s. Rudra Creation
ANALYSIS OF BALANCE SHEET

(Amount (`) in Lakhs)

Particulars 2023-24 2024-25 2025-26 2026-27 2027-28

ITR Estimated Projected
27. Cash and Bank Balances Submitted4.27 15.26 16.28 16.86 16.55
28. Investments (Other than Long Term)
(i) Government & Other Trustee Securities - - - - -
(ii) Fixed Deposits With Bank - - - - -
29. (i) Receivable Other Than Deferred Exports 0.62 52.45 55.07 57.83 59.32
(Including Bills Purchased & Discounted With Banks)
(ii) Export Receivables (Including Bills - - - - -
Purchased and Discounted by Banks)
30. Installments of Deferred Receivables (Due Within 1Yr.) - - - - -
31. Inventory : - - - - -
(i) Raw Materials Including Stores & Other Items 0.62 15.20 15.96 16.76 17.60
In The Process of Manufacture)

(a) IMPORTED - - - - -
(b) INDIGINOUS - - - - -
(ii) Stock In Progress - - - - -
(iii) Finished Goods - - - - -
(iv) Packing Material - - - - -
(a) IMPORTED - - - - -
(b) INDIGINOUS - - - - -
32. Advances To Suppliers and others - - - - -
33. Advance Payment of Taxes - - - - -
34. Other Current Assets (Specify)- Loans and advance asset - - - - -
35. Total Current Assets
(Total of 26 to 34) 5.52 82.91 87.31 91.44 93.46
36. FIXED ASSETS
Opening Fixed Assets 4.88 4.88 4.88 4.88 4.88
Addition During the Year - 22.56 35.33 50.97 71.65
Less: Deletion During the Year - - - - -
Total 4.88 27.44 40.21 55.85 76.53
37. Depreciation - -
38. NET BLOCK (35-36) 4.88 27.44 40.21 55.85 76.53
OTHER NON-CURRENT ASSETS - - - - -
39. Investments / Book Debts /Advances / Deposits (Which Are Not Current Assets) - - - - -

(i)Investments In Subsidiary Companies / Affiliates - - - - -

(ii) Advance To Suppliers of Capital Goods & Contractors - - - - -
(iii) Deferred Receivables - Tax - - - - -
(iv) Others - - - - -
40. Not Consumable Stores & Spares - - - - -
41. Other Non-Current Assets Including Dues From Directors - - - - -
42. TOTAL OF OTHER NON-CURRENT ASSETS (38 to 40) - - - - -

43. Intangible Assets (Patents, Goodwill, Pre. Exp. - - - - -

Bad/Doubtful Expenses Not Provided For etc.) - - - - -
44. Total Assets (34+37+41+42) 10.40 110.35 127.52 147.29 169.99
Diff. of B/S. 0.00 0.00 0.00 0.00 0.00
45. Tangible Net Worth (24-42) 15.90 31.82 54.06 79.53 108.76
46. Net Working Capital [ (17+25) - (38+42+43)] 5.52 4.39 13.85 23.68 32.23
47. Current Ratio (34/10) 0.00 1.06 1.19 1.35 1.53
48. Total Outside Liability/Tangible Net Worth (18/45) 0.00 2.47 1.36 0.85 0.56
 M/s. Rudra Creation
COMPARATIVE STATEMENTS OF CURRENT ASSETS & CURRENT LIABILITIES

(Amount (`) in Lakhs)

Particulars 2023-24 2024-25 2025-26 2026-27 2027-28

ITR Submitted Estimated Projected
A. CURRENT ASSETS
1. Raw Materials (Including Stores & Other Items Used In The Packages)

(a) Imported
Amount - - - - -
Months' Consumption - - - - -
(b) INDEGINOUS/IMPORTED
Amount - - - - -
Months' Consumption - - - - -
2. Other Consumable Spares (Excluding Those - - - - -
Included In (1) Above) - - - - -
(a) Imported
Amount - - - - -
Months' Consumption - - - - -
(b) INDEGINOUS - - - - -
Amount - - - - -
Months' Consumption - - - - -
3. Stock In Progress
Amount - - - - -
Months' Cost of Production - - - - -
4. Finished Goods
Amount - - - - -
Months' Cost of Sales 0.38 12.61 12.58 13.10 13.63
5. Packing Material
TOTAL CURRENT ASSETS 5.52 82.91 87.31 91.44 93.46
B. CURRENT LIABILITIES
(Other Than Bank Borrowings For Working Capital
10. Creditors For Purchase Of Raw Material, Stores & Consumable Spares

Amount 0.00 42.39 43.10 43.35 43.50

Month's Purchase
11. Advances From Customers - - - - -
12. Statutory Liabilities - - - - -
13. Other Current Liabilities - - - - -
Specify Major Items - - - - -
(a) S. T. Borrowings - Others - - - - -
(b) Dividend payable - - - - -
(c) Installments of TL,DPG & Public Deposits - - - - -
(d) Other Current Liabilities & Provisions - - - - -
(e) Provision For Taxation 0 0.82 0.95 1.00 1.20
TOTAL CURRENT LIABILITIES 0.00 43.21 44.05 44.35 44.70
 M/s. Rudra Creation
MAXIMUM PERMISSIBLE BANK FINANCE

(Amount (`) in Lakhs)

Particulars 2023-24 2024-25 2025-26 2026-27 2027-28

ITR Submitted Estimated Projected

1. Total Current Assets 5.52 82.91 87.31 91.44 93.46

2. Other Current Liabilities (Other Than Bank Borrowings) 0.00 43.52 44.69 45.31 45.79

3. Working Capital Gap 5.52 39.39 42.63 46.13 47.68

4. Minimum Stipulated Net Working Capital

(25% Of Total Current Assets Excluding Export Receivables) 1.38 9.85 10.66 11.53 11.92

5. Actual/Projected Net Working Capital 5.52 4.39 13.85 23.68 32.23

6. (ITEM3 - ITEM4) 4.14 29.54 31.97 34.60 35.76
7. (ITEM3 - ITEM5) 0.00 35.00 28.78 22.45 15.45
8. Maximum Permissible Bank Finance - - - - -
(Lower Of 6 To 7) 0.00 35.00 28.78 22.45 15.45

AS PER NAYAK COMMITTEE

1. Projected Turnover 13.10 175.00 183.75 192.94 202.58

2. Net Working Capital Asset 5.52 82.91 87.31 91.44 93.46

3. Acceptable Sale 13.10 175.00 183.75 192.94 202.58
4. 25% of Acceptable Sale 3.28 43.75 45.94 48.23 50.65
5. Margin 5% of Sale 0.66 8.75 9.19 9.65 10.13
6. Available Margin (2 - 5) 4.86 74.16 78.13 81.80 83.33
7. 4 - 5 2.62 35.00 36.75 38.59 40.52
8. 4 - 6 (1.59) (30.41) (32.19) (33.56) (32.69)
9. MPBF (7 or 8 whichever is higher) 2.62 35.00 36.75 38.59 40.52
 M/s. Rudra Creation
DSCR (Fund Based)
(Amount (`) in Lakhs)
[Link].(DD-MM-YYYY) Mar-25 Mar-26 Mar-27 Mar-28
No. Of Months 12 12 12 12
Estimated Projected
Net sales 175.00 183.75 192.94 202.58
Growth in % 1235.56 5.00 5.00 5.00
Other Operating income 0.00 0.00 0.00 0.00
Other Non Operating Income 0.00 0.00 0.00 0.00
Total Revenue 175.00 183.75 192.94 202.58

Cost of sales 151.37 150.92 157.24 163.57

Rent and Repair Expenses 4.41 4.50 4.59 4.68
Interest 1.12 3.12 2.53 1.88
Other Non operating Exp. 0.00 0.00 0.00 0.00
Total Expenses 156.90 158.53 164.36 170.13

Profit Before Tax 18.10 25.22 28.58 32.45

Provision for tax 0.38 0.49 0.60 0.73
Net adjustments, if any 0.00 0.00 0.00 0.00
Profit After Tax 17.72 24.74 27.98 31.72

DSCR Computation

Net profit after tax 17.72 24.74 27.98 31.72

Add - Depreciation 0.00 0.00 0.00 0.00
Add - Misc. Exp. Written of 0.00 0.00 0.00 0.00
Add - Interest on Term Loans 1.12 3.12 2.53 1.88
 M/s. Rudra Creation
MISCELLANEOUS RATIOS

(Amount (`) in Lakhs)

Particulars 2023-24 2024-25 2025-26 2026-27 2027-28

ITR Submitted Estimated Projected
Assets
Current Assets
1. Cash in hand at Bank 4.27 15.26 16.28 16.86 16.55
2. Investments (Short Term) - - - - -
3. Accounts Receivable (Incl. B/R) - - - - -
4. Inventory (R.W, WIP, FG, Spares) 0.62 15.20 15.96 16.76 17.60
a. Raw Materials - - - - -
b. Work in Progress - - - - -
c. Finished Stock & Spares - - - - -
d. Packing Materials - - - - -
5. Sundry Debtors 0.62 52.45 55.07 57.83 59.32
6. Deposits and Advances 0.00 0.00 0.00 0.00 0.00
Total Current Assets (A) 5.52 82.91 87.31 91.44 93.46
Fixed Assets - - - -
1. Fixed Assets (Net Value) 4.88 27.44 40.21 55.85 76.53
2. Less: Accumulated Depreciation -
Total Fixed Assets (B) 4.88 27.44 40.21 55.85 76.53
Other Assets
1. Intangible Assets - - - - -
2. Other Assets - - - - -
Total Other Assets (C) - - - - -
Total Assets (A+B+C) 10.40 110.35 127.52 147.29 169.99
Liabilities
Current Liabilities
1. Taxes/Other Provisions 0 0.384 0.486 0.604 0.726
2. Working Capital Loan 0.00 35.00 28.78 22.45 15.45
3. Current Portion of Long-Term Loan/Debt - - - -
4. Sundry Creditors 0.00 42.39 43.10 43.35 43.50
5. Other Liabilities 0.00 0.75 1.10 1.36 1.56
Total Current Liabilities (D) 0.00 78.52 73.47 67.76 61.24
Long Term Debt
1. Net of Current Portion - - - - -
2. Any Other Loan Term Debt 0.00 0.00 0.00 0.00 0.00
Total Long Term Debt (E) 0.00 0.00 0.00 0.00 0.00
Capital Account
1. Equity/Capital 13.34 15.90 31.82 54.06 79.53
2. Free Reserve 0.00 0.00 0.00 0.00 0.00
3. P/L 2.57 15.92 22.24 25.48 29.22
Total Net Worth 15.90 31.82 54.06 79.53 108.76
Total Liabilities and Capital Account (D+E+F) 15.90 110.35 127.52 147.30 169.99
Other Inputs for Various Ratios
1. Credit Limit 0.00 35.00 28.78 22.45 15.45
2. Net Sales 13.10 175.00 183.75 192.94 202.58
3. Raw material consumed 0.00 0.00 0.00 0.00 0.00
4. Work in progress consumed 4.60 151.37 150.92 157.24 163.57
5. Cost of sales 4.60 151.37 150.92 157.24 163.57
6. other Expenses 4.20 4.41 4.50 4.59 4.68
7. Profit before Interest and Tax 4.31 19.22 28.34 31.11 34.33
8. Profit before Tax 4.31 18.10 25.22 28.58 32.45
9. Profit after Tax 4.31 17.72 24.74 27.98 31.72
10. Loss - - - -
11. Dividend Per Share - - - -
12. Number of Employees - - - -
13. Number of Shares - - - -
14. Market Price of Share - - - -
15. Interest on Term Loan - - - -
16. Term Loan Installment - - - -
17. Commitment Liabilities (PF Dues+ESI Dues+Telephone,Elec. Charges+Tax - - - -
Dues etc)
18. Cost of Sales (Sales - Gross Profit) 4.60 151.37 150.92 157.24 163.57
19. Short Term Bank Borrowings (Cash Credit, Bill Limit etc) - - - -
 M/s. Rudra Creation
MISCELLANEOUS RATIOS

(Amount (`) in Lakhs)

Particulars 2023-24 2024-25 2025-26 2026-27 2027-28

ITR Estimated Projected

Performance/Financial Ratios
Liquidity Ratios
(a) Current Ratio 0.00 1.06 1.19 1.35 1.53
(b) Quick Ratio 0.00 1.06 1.19 1.35 1.53
(c) Quick Ratio (CL-Short Term Bank Loan) 0.00 1.06 1.19 1.35 1.53
(d) Net Working Capital 5.52 4.39 13.85 23.68 32.23
Efficiency Ratios
(a) Asset Turnover Ratio 1.26 1.59 1.44 1.31 1.19
(b) Inventory Turnover Ratio (in Days) - - - - -
1. Raw material Turnover Ratio - - - - -
2. Work in progress Turnover Ratio - - - -
3. Finished goods Turnover Ratio - - - -
(c) Debtors Turnover Ratio (in Days) 17.36 109.40 109.40 109.40 106.87
(d) Creditors Turnover Ratio (in Days) 0.00 102.21 104.24 100.63 97.07
Solvency Ratio
(a) Debt-Equity Ratio 0.00 0.00 0.00 0.00 0.00
(b) Total Indebtness Ratio 0.00 2.47 1.36 0.85 0.56
(c) Insolvency Ratio - - - - -
Coverage Ratios
(a) Debt-Service Coverage Ratio - - - -
(b) Interest Coverage Ratio - - - -
(c) Fixed Assets Coverage Ratio - - - -
(d) Liquidity Coverage Ratio (in Days) 0.00 192.69 216.90 246.27 278.55
(k) Pay Out Ratio - - - -
Other Ratios
(a) Capital Employed per Employee 0.00 0.00 0.00 0.00 0.00
(b) Credit Gearing Ratio 0.00 1.10 0.53 0.28 0.14
(c) Debt Quasi Equity Ratio - - - -
(d) Gross Profit Ratio 0.65 0.14 0.18 0.19 0.19
(e) Intt./Cost of Production - - - - -
(f) Total Current Assets/Sales (in Time) 0.42 0.47 0.48 0.47 0.46
 M/s. Rudra Creation
FUND FLOW STATEMENT

(Amount (`) in Lakhs)

Particulars 2024-25 2025-26 2026-27 2027-28

Estimated Projected

A SOURCE OF FUNDS:-

1 NET PROFIT AFTER TAX 17.72 24.74 27.98 31.72

2 OWNER'S CAPITAL - - - -

3 LONG TERM LIABILITIES - - - -

4 VENTURE CAPITAL - - - -

5 BANK BORROWINGS 35.00 0.00 0.00 0.00

6 DEPN PROV. DURING THE YEAR - - - -

7 DECR. IN CUR. ASSETS - - - -

8 INCREASE CURRRENT LIABILITY 43.52 1.16 0.63 0.47

9 UNSECURED LOAN - - - -

10 DECR. IN NON CUR. ASSETS - - - -

TOTAL............ 96.24 25.90 28.60 32.20

B APPLICATION OF FUNDS:-

1 FIX ASSETS. & CAP. EXP. 22.56 12.77 15.64 20.68

2 PRE. OP. EXP.

3 INCR. IN CUR. ASSETS 71.88 4.40 4.13 2.03

4 DECR. IN CUR. LIABILITIES -

5 REPAY. OF LONG TERM LOAN - 6.22 6.33 7.00

6 REPAY. OF UNSECURED LOAN - - - -

7 DIVIDEND / WITHDRAWALS 1.80 2.50 2.50 2.50

8 INVESTMENT DEPO. SCHEME - - - -

9 INC IN NON CURRENT ASSET

TOTAL............ 96.24 25.90 28.60 32.20