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M/s XYZ Industries

Cost of Project & Means of Finance


(Amount in Lacs)
Cost of Project

S. No. Particulars Proposed


Amount

1 Land 5.00
2 Building:
Factory Building 10.00
Auxilliary Building 2.00 12.00
3 Plant &Machinery 15.00
4 Misc.Fixed Assets 5.00
5 Electric Installation 10.00
6 Preoperative Expenses 2.00
7 Preliminary Expenses 1.00
8 Contingencies 4.95
9 Working capital Margin 5.05

Total 60.00

Means of Finance

S. No. Particulars

1 Own Capital:
Equity Capital 20.00
Unsecured Loan 0.00 20.00
2 Debts:
Term Loan 40.00 40.00

Total 60.00

Capitalisation of contingencies and Electric Installation in their respective Ratios

Building Plant & Machinery Total


Balance 12.00 15.00 27.00
Contingencies 2.20 2.75 4.95
Electric Installation 4.44 5.56 10.00
Total 18.64 23.31 41.95
Amount in Lacs)

47.00

1.00
4.95 51.95
5.05
M/s XYZ Industries

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

I II III IV V VI
Calculation of Sales

Capacity Utilisation 100% 60% 70% 80% 80% 80% 80%

Units (produced) 120000 72000 84000 96000 96000 96000 96000


Opening stock 0 3600 4200 4800 4800 4800
Closing Stock (15 days) 15 3600 4200 4800 4800 4800 4800

Units available fior sale 68400 83400 95400 96000 96000 96000

Sale Price Rs. per unit 210 210 210 210 210 210 210

Sales (Rs. In lakhs) 143.64 175.14 200.34 201.60 201.60 201.60

Purchase of Raw Material


Units Produced ( Finished Goods) 72000 84000 96000 96000 96000 96000
4 Mts cloth required for each garment 4 288000 336000 384000 384000 384000 384000
Rate of cloth Rs. per Metre 35
Purchase (Rs. In lakhs) 100.80 117.60 134.40 134.40 134.40 134.40

Closing Stock of Raw Material


Metres
15 days closing ( metres) 14400 16800 19200 19200 19200 19200
Rate of cloth per Metre 35 5.04 5.88 6.72 6.72 6.72 6.72
Consumption for the year

Meters
Opening Stock 0.00 14400 16800 19200 19200 19200
Add: Purchase 288000 336000 384000 384000 384000 384000
Less: Closing Stock 14400 16800 19200 19200 19200 19200

Consumption (in metres) 273600 333600 381600 384000 384000 384000

Consumption

Meters
Opening Stock 0.00 5.04 5.88 6.72 6.72 6.72
Add: Purchase 100.80 117.60 134.40 134.40 134.40 134.40
Less: Closing Stock 5.04 5.88 6.72 6.72 6.72 6.72

Consumption (in Rs. lakhs) 95.76 116.76 133.56 134.40 134.40 134.40

Calculation of Work in Process


Production of Finished Goods 72000 84000 96000 96000 96000 96000
Prime Cost Per Unit 167 167 167 167 167 167
Closing stock of WIP Rs. In lakhs (2 Days) 0.80 0.94 1.07 1.07 1.07 1.07

Calculation of Finished Goods

Units produced Days 72000 84000 96000 96000 96000 96000


Cost of production 175 175 175 175 175 175
Closing stock of Finished Goods 15 6.30 7.35 8.40 8.40 8.40 8.40
(Rs. In lakhs)

Calculation of Wages

Units 72000 84000 96000 96000 96000 96000


Wages (Rs. 10 unit ) 10 7.20 8.40 9.60 9.60 9.60 9.60

Calculation of Power and Fuel

Units 72000 84000 96000 96000 96000 96000


Power & Fuel (Rs. 6 per Unit) 6 4.32 5.04 5.76 5.76 5.76 5.76

Calculation of Other Direct Expenses

Units 72000 84000 96000 96000 96000 96000


Other Direct Expenses (Rs. 8 per Unit) 11 7.92 9.24 10.56 10.56 10.56 10.56

Calculation of Administrative Expenss

Units 72000 84000 96000 96000 96000 96000


Administrative Expenses (Rs. 10 unit ) 8 5.76 6.72 7.68 7.68 7.68 7.68

Calculation of Selling Expenss

Units 72000 84000 96000 96000 96000 96000


Selling Expenses 8.4 6.05 7.06 8.06 8.06 8.06 8.06

Cost Sheet per unit of garment:


Material Consumed Mts. 35 4 140
Direct expenses:Power Units 1.2 5 6
Wages 10 120000 garments in 300 days = 400 garments
Other Direct Expenses 11 = Rs. 4000 per day for 400 garments = Rs. 10
Prime Cost 167
Add Administrative expenses 8
Cost of production 175
Selling expenses 8.4
Cost of sales 183.4
Profit 26.6
Selling price 210
Calculation of Depreciation
Depreciation is calculated according to WDV Method
Land
Particulars I II III IV V VI

Op Balance 0.00 5.00 5.00 5.00 5.00 5.00


Addition 5.00 0.00 0.00 0.00 0.00 0.00
Deduction 0.00 0.00 0.00 0.00 0.00 0.00
Gross Block 5.00 5.00 5.00 5.00 5.00 5.00
Less: Dep 0.00 0.00 0.00 0.00 0.00 0.00
Net Block 5.00 5.00 5.00 5.00 5.00 5.00
Depreciation - % 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation - Rs. 0.00 0.00 0.00 0.00 0.00 0.00
Building
Particulars I II III IV V VI

Op Balance 0.00 17.71 16.83 15.99 15.19 14.43


Addition 18.64 0.00 0.00 0.00 0.00 0.00
Deduction 0.00 0.00 0.00 0.00 0.00 0.00
Gross Block 18.64 17.71 16.83 15.99 15.19 14.43
Less: Dep 0.93 0.89 0.84 0.80 0.76 0.72
Net Block 17.71 16.83 15.99 15.19 14.43 13.71
Depreciation - % 5.00 5.00 5.00 5.00 5.00 5.00
Depreciation - Rs. 0.93 0.89 0.84 0.80 0.76 0.72

Plant & Machinery


Particulars I II III IV V VI

Op Balance 0.00 19.81 16.84 14.31 12.17 10.34


Addition 23.31 0.00 0.00 0.00 0.00 0.00
Deduction 0.00 0.00 0.00 0.00 0.00 0.00
Gross Block 23.31 19.81 16.84 14.31 12.17 10.34
Less: Dep 3.50 2.97 2.53 2.15 1.82 1.55
Net Block 19.81 16.84 14.31 12.17 10.34 8.79
Depreciation - % 15.00 15.00 15.00 15.00 15.00 15.00
Depreciation - Rs. 3.50 2.97 2.53 2.15 1.82 1.55

Furniture & Fixtures


Particulars I II III IV V VI

Op Balance 0.00 4.50 4.05 3.65 3.28 2.95


Addition 5.00 0.00 0.00 0.00 0.00 0.00
Deduction 0.00 0.00 0.00 0.00 0.00 0.00
Gross Block 5.00 4.50 4.05 3.65 3.28 2.95
Less: Dep 0.50 0.45 0.41 0.36 0.33 0.30
Net Block 4.50 4.05 3.65 3.28 2.95 2.66
Depreciation - % 10.00 10.00 10.00 10.00 10.00 10.00
Depreciation - Rs. 0.50 0.45 0.41 0.36 0.33 0.30
Total Dep. 4.93 4.31 3.77 3.31 2.91 2.57
Total Op. Balance 0.00 42.02 37.71 33.94 30.63 27.72
Total Additions 51.95 0.00 0.00 0.00 0.00 0.00
Closing Balance 47.02 42.71 38.94 35.63 32.72 30.15

Calculation of Creditors

Purchase 100.80 117.60 134.40 134.40 134.40 134.40


Months 0.5 0.5 0.5 0.5 0.5 0.5
Creditors (Rs. In lakhs) 4.20 4.90 5.60 5.60 5.60 5.60

Calculation of Debtors (on sales)

Sales 143.64 175.14 200.34 201.60 201.60 201.60


Months 0.75 0.75 0.75 0.75 0.75 0.75
Debtors (Rs. In lakhs) 8.98 10.95 12.52 12.60 12.60 12.60

Total Inventory
Raw Material 5.04 5.88 6.72 6.72 6.72 6.72
Work in Process 0.80 0.94 1.07 1.07 1.07 1.07
Finished Goods 6.30 7.35 8.40 8.40 8.40 8.40
Inventory 12.14 14.17 16.19 16.19 16.19 16.19
Add Debtors 8.98 10.95 12.52 12.60 12.60 12.60
Total Current Assets 21.12 25.11 28.71 28.79 28.79 28.79
Less Creditors 4.20 4.90 5.60 5.60 5.60 5.60
Working Capital 16.92 20.21 23.11 23.19 23.19 23.19
Margin for Working Capital 4.23 5.05 5.78 5.80 5.80 5.80

Working Capital Loan 12.69 15.16 17.33 17.39 17.39 17.39

Interest @ 12.5% 12.5% 1.59 1.89 2.17 2.17 2.17 2.17


VII VIII

80% 80%

96000 96000
4800 4800
4800 4800

96000 96000

210 210

201.60 201.60

96000 96000
384000 384000

134.40 134.40

19200 19200
6.72 6.72

19200 19200
384000 384000
19200 19200

384000 384000

6.72 6.72
134.40 134.40
6.72 6.72

134.40 134.40
96000 96000
167 167
1.07 1.07

96000 96000
175 175
8.40 8.40

96000 96000
9.60 9.60

96000 96000
5.76 5.76

96000 96000
10.56 10.56

96000 96000
7.68 7.68

96000 96000
8.06 8.06

0 garments/day, 8 employees @ Rs. 500/day


ts = Rs. 10/ garment
VII VIII

5.00 5.00
0.00 0.00
0.00 0.00
5.00 5.00
0.00 0.00
5.00 5.00
0.00 0.00
0.00 0.00

VII VIII

13.71 13.02
0.00 0.00
0.00 0.00
13.71 13.02
0.69 0.65
13.02 12.37
5.00 5.00
0.69 0.65

VII VIII

8.79 7.47
0.00 0.00
0.00 0.00
8.79 7.47
1.32 1.12
7.47 6.35
15.00 15.00
1.32 1.12

VII VIII

2.66 2.39
0.00 0.00
0.00 0.00
2.66 2.39
0.27 0.24
2.39 2.15
10.00 10.00
0.27 0.24
2.27 2.01
25.15 22.88
0.00 0.00
27.88 25.87

134.40 134.40
0.5 0.5
5.60 5.60

201.60 201.60
0.75 0.75
12.60 12.60

6.72 6.72
1.07 1.07
8.40 8.40
16.19 16.19
12.60 12.60
28.79 28.79
5.60 5.60
23.19 23.19
5.80 5.80

17.39 17.39

2.17 2.17
TERM LOAN 40.00 LACS 3.08

12%

I I Half Year II Half Year Total

Opening Balance 0.00 40.00


Disbursement 40.00 0.00
Repayment 0.00 0.00 0.00
Closing Balance 40.00 40.00
Interest 2.40 2.40 4.80
II
Opening Balance 40.00 40.00
Disbursement 0.00 0.00
Repayment 0.00 3.08 3.08
Closing Balance 40.00 36.92
Interest 2.40 2.40 4.80
III
Opening Balance 36.92 33.85
Disbursement 0.00 0.00
Repayment 3.08 3.08 6.15
Closing Balance 33.85 30.77
Interest 2.22 2.03 4.25
IV
Opening Balance 30.77 27.69
Disbursement 0.00 0.00
Repayment 3.08 3.08 6.15
Closing Balance 27.69 24.62
Interest 1.85 1.66 3.51
V
Opening Balance 24.62 21.54
Disbursement 0.00 0.00
Repayment 3.08 3.08 6.15
Closing Balance 21.54 18.46
Interest 1.48 1.29 2.77
VI
Opening Balance 18.46 15.38
Disbursement 0.00 0.00
Repayment 3.08 3.08 6.15
Closing Balance 15.38 12.31
Interest 1.11 0.92 2.03
VII
Opening Balance 12.31 9.23
Disbursement 0.00 0.00
Repayment 3.08 3.08 6.15
Closing Balance 9.23 6.15
Interest 0.74 0.55 1.29
VIII
Opening Balance 6.15 3.08
Disbursement 0.00 0.00
Repayment 3.08 3.08 6.15
Closing Balance 3.08 0.00
Interest 0.37 0.18 0.55

DSCR
I II III IV V VI VII
Profit after taxes 9.73 9.51 12.32 12.62 13.42 14.59 15.32
Add Depreciation 4.93 4.31 3.77 3.31 2.91 2.57 2.27
Add Interest on Loan 4.80 4.80 4.25 3.51 2.77 2.03 1.29
Total 19.46 18.62 20.34 19.44 19.10 19.19 18.88

Interest 4.80 4.80 4.25 3.51 2.77 2.03 1.29


Installment 0.00 3.08 6.15 6.15 6.15 6.15 6.15
Total 4.80 7.88 10.40 9.66 8.92 8.18 7.45

DSCR 4.05 2.36 1.96 2.01 2.14 2.35 2.54


VIII
16.02
2.01
0.55
18.58 153.62

0.55
6.15
6.71 64.00

2.77 2.40
Name - XYZ Industries
ESTIMATE OF PROFITABILITY OF PROPOSED PROJECT (Rs. In lacs)

Particulars I II III IV V VI VII VIII


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

Sales Revenue
Sales 143.64 175.14 200.34 201.60 201.60 201.60 201.60 201.60

Total Sales 143.64 175.14 200.34 201.6 201.6 201.6 201.6 201.6

Cost of Production :
Material consumption 95.76 116.76 133.56 134.40 134.40 134.40 134.40 134.40
Wages 7.20 8.40 9.60 9.60 9.60 9.60 9.60 9.60
Power & Fuel 4.32 5.04 5.76 5.76 5.76 5.76 5.76 5.76
Other direct expenses 7.92 9.24 10.56 10.56 10.56 10.56 10.56 10.56

115.20 139.44 159.48 160.32 160.32 160.32 160.32 160.32


Less : Stock Adjusted 0.80 0.13 0.13 0.00 0.00 0.00 0.00 0.00

Op.Stock of WIP - Rs. 0 0.80 0.94 1.07 1.07 1.07 1.07 1.07
Cl. Stock OF WIP- Rs. 0.80 0.94 1.07 1.07 1.07 1.07 1.07 1.07

Prime Cost 114.40 139.31 159.35 160.32 160.32 160.32 160.32 160.32

Administrative Expenses 5.76 6.72 7.68 7.68 7.68 7.68 7.68 7.68
Depreciation 4.93 4.31 3.77 3.31 2.91 2.57 2.27 2.01

Total Cost of Production 125.09 150.33 170.80 171.31 170.91 170.57 170.27 170.01

Less : Stock Adjusted 6.3 1.05 1.05 0 0 0 0 0

Op.Stock - Rs. 0 6.30 7.35 8.40 8.40 8.40 8.40 8.40


Cl. Stock - Rs. 6.30 7.35 8.40 8.40 8.40 8.40 8.40 8.40

Cost of Goods Sold 118.79 149.28 169.75 171.31 170.91 170.57 170.27 170.01

Gross Profit 24.85 25.86 30.59 30.29 30.69 31.03 31.33 31.59

Selling & Admn. Expenses:

Selling & Distribution Exp. 6.05 7.06 8.06 8.06 8.06 8.06 8.06 8.06
Interest on Term Loan 4.80 4.80 4.25 3.51 2.77 2.03 1.29 0.55
Interest on Working Capital Term 1.59
Loan 1.89 2.17 2.17 2.17 2.17 2.17 2.17
Preliminary exp. Written off 0.60 0.60 0.60 0.60 0.60 0.00 0.00 0.00

Total Cost of Sales 131.82 163.63 184.83 185.66 184.52 182.84 181.80 180.80

PBT 11.82 11.51 15.51 15.94 17.08 18.76 19.80 20.80


Total Net Profit Before Tax 11.82 11.51 15.51 15.94 17.08 18.76 19.80 20.80
Income Tax Liability 2.09 1.99 3.19 3.32 3.66 4.17 4.48 4.78
Net Profit After Tax 9.73 9.51 12.32 12.62 13.42 14.59 15.32 16.02
% of Net Profit to Sales 6.78 5.43 6.15 6.26 6.65 7.24 7.60 7.95
Profit before dep. , int. and 23.13
tax 22.51 25.70 24.94 24.94 25.54 25.54 25.54
Total Interest 6.39 6.69 6.41 5.68 4.94 4.20 3.47 2.73
Cash accruals 14.66 13.82 16.09 15.93 16.33 17.16 17.59 18.03
ROE
Return on own capital
0.49
ROCE
Return on capital employed
0.16
PROJECTED BALANCE SHEET

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

(A) Opening Capital 20.00 29.74 39.25 51.57 64.19 77.61 92.20
9.73
Add: Profit/ (loss) for the year 9.51 12.32 12.62 13.42 14.59 15.32
Closing Balance 29.74 39.25 51.57 64.19 77.61 92.20 107.52

(B) Term Loan 40.00 36.92 30.77 24.62 18.46 12.31 6.15

(C) Working Capital Loan 12.69 15.16 17.33 17.39 17.39 17.39 17.39

(E) Unsecured Loan 0.00 0.00 0.00 0.00 0.00 0.00 0.00

(F) Creditors 4.20 4.90 5.60 5.60 5.60 5.60 5.60

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

TOTAL LIABILITIES 86.63 96.23 105.27 111.80 119.06 127.50 136.67

ASSETS :

(A) Fixed Assets (Gross) 51.95 51.95 51.95 51.95 51.95 51.95 51.95
Less : Depreciation 4.93 9.24 13.01 16.32 19.23 21.80 24.07
Net Block 47.02 42.71 38.94 35.63 32.72 30.15 27.88

(B) Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00

(C) Current Assets


- Inventory 12.14 14.17 16.19 16.19 16.19 16.19 16.19
- Loans & Advances 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- Sundry Debtors 8.98 10.95 12.52 12.60 12.60 12.60 12.60
- Cash And Bank Balances 16.08 26.61 36.42 46.78 57.55 68.56 80.00
- Priliminary exp. not written2.40
off 1.80 1.20 0.60 0.00 0.00 0.00

TOTAL ASSETS 86.63 96.23 105.27 111.80 119.06 127.50 136.67

0.00 0.00 0.00 0.00 0.00 0.00 0.00

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

107.52
16.02
123.54

0.00

17.39

0.00

5.60

0.00

146.53

51.95
26.08
25.87

0.00

16.19
0.00
12.60
91.87
0.00

146.53

0.00
CASH FLOW STATEMENT
(Rs. in Lakhs)
PARTICULARS
0 I II III IV V VI VII VIII

SOURCES OF FUNDS
Net Profit after Tax before , Dep. &0.00
prel. Exp.15.26 14.42 16.69 16.53 16.93 17.16 17.59 18.03
Share Capital 20.00 20.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Term Loan 40.00 40.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Unsecured Loan 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase in WC Loan 12.69 2.47 2.17 0.06 0.00 0.00 0.00 0.00

TOTAL FUNDS AVAILABLE 60.00 87.95 16.89 18.87 16.59 16.93 17.16 17.59 18.03

APPLICATION OF FUNDS
Fixed Assets 51.95 51.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Pre-op Exp 3.00 3.00 0.00 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 0.00
Incre.In Woking Capital 5.05 16.92 3.29 2.90 0.08 0.00 0.00 0.00 0.00
Repayment of Term Loan 0.00 3.08 6.15 6.15 6.15 6.15 6.15 6.15

TOTAL APPL. OF FUNDS 60.00 71.87 6.37 9.05 6.23 6.15 6.15 6.15 6.15

Opening Balance of Cash 0.00 16.08 26.61 36.42 46.78 57.55 68.56 80.00
Cash accrued during the year 16.08 10.52 9.81 10.36 10.77 11.01 11.44 11.88
Closing Balance of Cash 16.08 26.61 36.42 46.78 57.55 68.56 80.00 91.87
Assessment in Working Capital Requirements

I II III IV V VI

A. CURRENT ASSETS
Stock-in-trade 12.14 14.17 16.19 16.19 16.19 16.19
Receivables 8.98 10.95 12.52 12.60 12.60 12.60
Advances 0.00 0.00 0.00 0.00 0.00 0.00
Cash and Bank 16.08 26.61 36.42 46.78 57.55 68.56
Other current assets
Total current assets 37.20 51.72 65.13 75.57 86.34 97.35

B. Current Liabilities
Sundry creditors 4.20 4.90 5.60 5.60 5.60 5.60
Statutory liablities 0.00 0.00 0.00 0.00 0.00 0.00
Other Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00

Total Current Liabilities 4.20 4.90 5.60 5.60 5.60 5.60

Current Assets 37.20 51.72 65.13 75.57 86.34 97.35


Less - Current Liabilities(Exluding Bank fin) 4.20 4.90 5.60 5.60 5.60 5.60
Working Capital Gap 33.00 46.82 59.53 69.97 80.74 91.75
Less - 25% of Total Current Assets 9.30 12.93 16.28 18.89 21.59 24.34
Permissible Bank Finance 23.70 33.89 43.25 51.07 59.16 67.41
VII VIII

16.19 16.19
12.60 12.60
0.00 0.00
80.00 91.87

108.79 120.66

5.60 5.60
0.00 0.00
0.00 0.00

5.60 5.60

108.79 120.66
5.60 5.60
103.19 115.06
27.20 30.17
75.99 84.90
APPENDIX 17.11
Assessment of Working Capital Requirements
FORM II
OPERATING STATEMENT
Name - XYZ 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 143.64 175.14 200.34 201.60
Total 143.64 175.14 200.34 201.60
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) 143.64 175.14 200.34 201.60
2. COST OF SALES
(I) Consumpsion 95.76 116.76 133.56 134.40
(ii) Other Trading Expenses
(Carrige Inword, Commission,
Brokerage on Purchases) 18.64 22.55 25.79 25.92
(iii) Sub Total (i+ii) 114.40 139.31 159.35 160.32
(iv) Add - Opening Stock 0.00 6.30 7.35 8.40
(v) Sub Total (iii+iv) 114.40 145.61 166.70 168.72
(vi) Less Closing Stock 6.30 7.35 8.40 8.40
(vii) Sub-Total (Total Cost of Sales)(v-vi) 108.10 138.26 158.30 160.32
3. SELLING GENERAL &
ADMINISTRATIVE EXPENSES
(Including Bonus Payment) 11.81 13.78 15.74 15.74

4. OPERATING PROFIT
(Before intrerst & Depreciation)
[1(iii) - 2 (vii) - 3 ] 23.73 23.11 26.30 25.54
5. INTEREST on working capital 1.59 1.89 2.17 2.17
on term loan 4.80 4.80 4.25 3.51
6. DEPRECIATION 4.93 4.31 3.77 3.31
7. OPERATING PROFIT
(after interest & depreciation)
(4-5-6) 12.42 12.11 16.11 16.54
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 0.60 0.60 0.60 0.60
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)] 11.82 11.51 15.51 15.94
10. PROVISION FOR TAXES 2.09 1.99 3.19 3.32
11. NET PROFIT/(LOSS) (9-10) 9.73 9.51 12.32 12.62
12. (a) Equity Dividend paid ** 0.00 1.00 2.00 3.00
(b) Dividend Rate 0% 100% 200% 300%
13. RETAINED PROFIT 9.73 8.51 10.32 9.62
14. RETAINED PROFIT/NET PROFIT 100% 89% 84% 76%
( %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 - XYZ 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) 12.69 15.16 17.33 17.39
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) 12.69 15.16 17.33 17.39
2. Short term borrowings from others 0.00 0.00 0.00 0.00
3. Sundry Creditors (Trade)
( month's purchases) 4.20 4.90 5.60 5.60
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) 4.20 4.90 5.60 5.60
10. Total Current liabilities ( total of 1 to 9) 16.89 20.06 22.93 22.99

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) 40.00 36.92 30.77 24.62
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 40.00 36.92 30.77 24.62
18. Total outside liabilities (10 + 17) 56.89 56.98 53.70 47.61
NET WORTH
19. Share Capital 20.00 29.74 39.25 51.57
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) 9.73 9.51 12.32 12.62
24. Net Worth 29.74 39.25 51.57 64.19
25. Total Liabilities (18 + 24) 86.62 96.24 105.27 111.80
CURRENT ASSETS
26. Cash & Bank Balance 16.08 26.61 36.42 46.78
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) 8.98 10.95 12.52 12.60
( 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) 12.14 14.17 16.19 16.19
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) 37.20 51.72 65.13 75.57
FIXED ASSETS
35. Gross Block(Land & Building machinery
furniture & fitings vehicles) 51.95 47.02 42.71 38.94
36. Depreciation to date 4.93 4.31 3.77 3.31
37. Net Block (35-36) 47.02 42.71 38.94 35.63

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. 2.40 1.80 1.20 0.60
43. Total Assets( Total of 34,37,41 & 42) 86.63 96.23 105.27 111.80
44. Tangible Net Worth (24 - 42) 27.34 37.45 50.37 63.59
45. Net working Capital
[(17+24) - (37+41+42)]
To tally with (34 -10 ) 20.31 31.66 42.20 52.57
46. Current Ratio (34 - 10) 2.20 2.58 2.84 3.29
47. Total outside Libilities/ tangiable
net worth ( 18 / 44) 2.08 1.52 1.07 0.75

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 - XYZ Industries
I II III IV

A. CURRENT ASSETS
1) Stock-in-trade
(month's cost of sales) 12.14 14.17 16.19 16.19
2) Receivables other
then export and deferr
ed receivables (inclu-
ding bills purchased
and discounted by
bankers)
(month's domestics -
Sales) 8.98 10.95 12.52 12.60
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) 16.08 26.61 36.42 46.78
6)Total current assets
(To agree with item 34
in From III) 37.20 51.72 65.13 75.57

B. Current Liabilities
(Other then bank
borrowings for working
capital )
7) Sundry creditors
(Trade)
(Month's Purchases) 4.20 4.90 5.60 5.60
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) 4.20 4.90 5.60 5.60
4.20 4.90 5.60 5.60

Current Assets 37.20 51.72 65.13 75.57


Less - Current Liabilities(Exluding Bank fin) 4.20 4.90 5.60 5.60
Working Capital Gap 33.00 46.81 59.53 69.97
Less - 25% of Total Current Assets 9.30 12.93 16.28 18.89
Permissible Bank Finance 23.70 33.88 43.25 51.07

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

01. Total current Assets (34 of form III ) 37.20 51.72 65.13 75.57
02. Current Liabilities (2 to 9 of form III )
Other then bank borrowings) 4.20 4.90 5.60 5.60
03. Working Capital Gap (WCG) (1 - 2) 33.00 46.81 59.53 69.97
04. Min. stipulated Net Working Capital
25% of total current assets other then
Export Receivables
[ as at 28 (ii) of form III] 9.30 12.93 16.28 18.89
05. Actual/projected net working capital
(45 of form III) 20.31 31.66 42.20 52.57
06. Item 3 minus item 4 23.70 33.88 43.25 51.07
07. Item 3 minus item 5 12.69 15.16 17.33 17.39
08. Maximum permissible bank finance
(Item 6 or 7, which ever is lower) 12.69 15.16 17.33 17.39
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

Name - XYZ Industries

I II III IV
1. Sources
a) Net Profit (after tax) 9.73 9.51 12.32 12.62
b) Depreciation 4.93 4.31 3.77 3.31
c) Increase in capital 20.00 0.00 0.00 0.00
d) Increase in term Liabilities (Includings Public
deposits) 40.00 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 0.60 0.60 0.60 0.60
f) Others
g) Total 75.26 14.42 16.69 16.53
2. Uses
a) Net Loss 0.00 0.00 0.00 0.00
b) Decrease in Term Liabilities
(including public deposits) 0.00 3.08 6.15 6.15
c) Increase in :
I) Fixed Assets 51.95 0.00 0.00 0.00
ii) Other non-current assets 3.00 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 54.95 3.08 6.15 6.15
3. Long Tern Surplus (+)/Deficit ( - ) (1 - 2) 20.31 11.34 10.54 10.38
4. Increase/decrease in current assets
*(as per details given below) 37.20 14.51 13.41 10.44
5. Increase/decrease in current liabilities
Other then bank borrowings 4.20 0.70 0.70 0.00
6. Increase/decrease in working capital gap 33.00 13.81 12.72 10.44
7. Net Surplus ( + )/deficit 9 ( - )
(Difference of 3 & 6 ) -12.69 -2.47 -2.17 -0.06
8. Increase/decrease in Bank borrowings 12.69 2.47 2.17 0.06
INCREASE/DECREASE IN NET SALES
I). Increase/decrease in stock-in-trade 0.00 0.00 2.02 2.02
ii). Increase/decrease in Receivables
(a) Domestic 0.00 0.00 1.97 1.58
(b) Exports
mount - Rs. In lacs)

201.60
201.60

0.00
0.00
0.00
0.00
201.60

134.40

25.92
160.32
8.40
168.72
8.40
160.32

15.74

25.54
2.17
2.77
2.91
17.68
0.00
0.00
0.00
0.00
0.00
0.60
0.00
0.00
0.00
0.00
0.00
0.00
17.08
3.66
13.42
4.00
400%
9.42
70%

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)

17.39
0.00
0.00

17.39
0.00

5.60

0.00
0.00
0.00

0.00

0.00

0.00

5.60
22.99

0.00

0.00

18.46
0.00
0.00
0.00
18.46
41.45

64.19
0.00
0.00
0.00
0.00
13.42
77.61
119.06

57.55

0.00
0.00

12.60

0.00

0.00
16.19
0.00
0.00

0.00
86.34

35.63
2.91
32.72

0.00
0.00

0.00

0.00
0.00
0.00
0.00

0.00

0.00

0.00
119.06
77.61

63.35
3.76

0.53

0.00

0.00

0.00

0.00
0.00
Liabilities

16.19

12.60

0.00

0.00

57.55

86.34
5.60

0.00
0.00

0.00

5.60
5.60

86.34
5.60
80.74
21.59
59.16

rking Capital

86.34

5.60
80.74

21.59

63.35
59.16
17.39

17.39

0.00
V

13.42
2.91
0.00

0.00

0.00
0.60

16.93

0.00

6.15

0.00
0.00
0.00
0.00
6.15
10.77

10.77

0.00
10.77

0.00
0.00

0.00

0.08
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 Standingrequested
the last 12 Months As on date
Max. Min.

A. WORKING CAPITAL LIMITS


1 C.C A/c 0.00 0.00 12.69

S.No. Name of Bank/ Sanctioned Limits


Out Standing Overdues Remarks
Financial Institutions As on if any

B. TERM LOANS 0.00 0.00 0.00


(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 accountName of Working Capital Term DGP Over
(Date of Banks/ loan dues
Balance Financial Fund Non fund if any
Sheet) base
Institutions base

1 2 3 4 5 6 7 8 9 10

None None None None No

None None None None No


members of the borrower