MARUTI SUZUKI INDIA LIMITED

Cost of Project & Means of Finance

(Amount in millions
Cost of Project

S. No. Particulars Proposed

Amount

1 Land 7492.00
2 Building 7231.00
3 plant and machinery 86706.00
4 Electric Installation 1227.00
5 Furniture, Fixtures and office appliances 690.00
6 Vehicles 527.00 103873.00
Contingencies 504.00
7 Preliminary Expenses 6232.60
8 Working capital Margin 9390.40

Total 120000.00

Means of Finance

S. No. Particulars

1 Own Capital:
Equity Capital 50000.00
Unsecured Loan 0.00 50000.00
2 Debts:
Term Loan 100000.00 100000.00

Total 150000.00

Capitalisation of contingencies and Electric Installation in their respective Ratios

Building Plant & Machinery Total

Balance 7231.00 86706.00 93937.00
Contingencies 38.80 465.20 504.00
Electric Installation 94.45 1132.55 1227.00
Total 7364.25 88303.75
Amount in millions

527.00 103873.00
504.00
6232.60
9390.40
 MARUTI SUZUKI INDIA LIMITED

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

I II III
Calculation of Sales

Capacity Utilisation 100% 70% 70% 80%

Units (produced) 682160 477512 477512 545728

Opening stock 0 3600 4200
Closing Stock (15 days) 15 23876 23876 27286

Units available fior sale 453636 457236 522642

Sale Price Rs. In millions. per unit 0.6415 0.6415 0.6415 0.6415

Sales (Rs. In millions) 291007.75 293317.15 335274.59

Purchase of Raw Material

Units Produced ( Finished Goods) 477512 477512 545728
Rate of material Rs. per unit(in millions) 0.45
Purchase (Rs. In millions) 214880.40 214880.40 245577.60

Closing Stock of Raw Material

15 days closing ( material) 23875.6 23875.6 27286.4

Rate of material per unit (Rs. 0.45 In millions) 10744.02 10744.02 12278.88

Consumption for the year (in million)

material
Opening Stock 0.00 5.04 5.88
Add: Purchase 214880.40 214880.40 245577.60
Less: Closing Stock 10744.02 10744.02 12278.88

Consumption (in Rs. millions) 204136.38 204131.34 233292.84

Calculation of Work in Process

Production of Finished Goods 477512 477512 545728

Prime Cost Per Unit 0.474 0.474 0.474
Closing stock of WIP Rs. In millions (5 Days) 3772.34 3772.34 4311.25

Calculation of Finished Goods

Units produced 477512 477512 545728

Cost of production 0.5226 0.5226 0.5226
Closing stock of Finished Goods 15 Days 12477.39 12477.39 14259.87
(Rs. In millions)

calculation of purchase of traded goods

Units 477512 477512 545728

Rs.0.0189 million per unit 9024.98 9024.98 10314.26

calculation of consumption of store

Units 477512 477512 545728

Rs.0.0051 million per unit 2435.31 2435.31 2783.21

calculation of employee remuneration and benefits

Units 477512 477512 545728

Rs.0.0114 million per unit 0.0114 5443.64 5443.64 6221.30

calculation of manufacturing, administration and other expences

Units 477512 477512 545728

Rs.0.0373 million per unit 0.0486 23207.08 23207.08 26522.38

Calculation of Selling Expenss

Units 477512 477512 545728

Selling Expenses Rs. million per uni 0.0194 9263.73 9263.73 10587.12

Cost Sheet per unit of garment:

Material Consumed 0.45
purchase of traded goods 0.0189
cunsumption of store 0.0051
prime cost 0.474
employee remuneration and benefits 0.0114
manufacturing, administration and other expences
power and fuel 0.0045
rent 0.0003
rates and taxes 0.001
insurancce 0.0001
repairs and maintanance 0.0014
Royalties and fees 0.0213
tools/machinery charged off 0.0018
other miscellaneous expences 0.0068
Cost of production 0.5226
selling and distribution expences
Advertisements 0.006
sales promotion 0.0032
warranty and product recall 0.0012
transportaion and distribution 0.009
cost of sale 0.542
Profit per unit 0.0995
Selling price per unit 0.6415

Calculation of Depreciation
Depreciation is calculated according to WDV Method
Land
Particulars I II III

Op Balance 0.00 7492.00 7492.00

Addition 7492.00 0.00 0.00
Deduction 0.00 0.00 0.00
Gross Block 7492.00 7492.00 7492.00
Less: Dep 0.00 0.00 0.00
Net Block 7492.00 7492.00 7492.00
Depreciation - % 0.00 0.00 0.00
Depreciation - Rs. 0.00 0.00 0.00
Building
Particulars I II III

Op Balance 0.00 6996.04 6646.23

Addition 7364.25 0.00 0.00
Deduction 0.00 0.00 0.00
Gross Block 7364.25 6996.04 6646.23
Less: Dep 368.21 349.80 332.31
Net Block 6996.04 6646.23 6313.92
Depreciation - % 5.00 5.00 5.00
Depreciation - Rs. 368.21 349.80 332.31

Plant & Machinery

Particulars I II III

Op Balance 0.00 75058.19 63799.46

Addition 88303.75 0.00 0.00
Deduction 0.00 0.00 0.00
Gross Block 88303.75 75058.19 63799.46
Less: Dep 13245.56 11258.73 9569.92
Net Block 75058.19 63799.46 54229.54
Depreciation - % 15.00 15.00 15.00
Depreciation - Rs. 13245.56 11258.73 9569.92

Furniture & Fixtures

Particulars I II III

Op Balance 0.00 621.00 558.90

Addition 690.00 0.00 0.00
Deduction 0.00 0.00 0.00
Gross Block 690.00 621.00 558.90
Less: Dep 69.00 62.10 55.89
Net Block 621.00 558.90 503.01
Depreciation - % 10.00 10.00 10.00
Depreciation - Rs. 69.00 62.10 55.89

Vehicles
Particulars I II III

Op Balance 0.00 474.30 426.87

Addition 527.00 0.00 0.00
Deduction 0.00 0.00 0.00
Gross Block 527.00 474.30 426.87
Less: Dep 52.70 47.43 42.69
Net Block 474.30 426.87 384.18
Depreciation - % 10.00 10.00 10.00
Depreciation - Rs. 52.70 47.43 42.69

Total Dep. 13735.48 11718.06 10000.81

Total Op. Balance 0.00 90641.52 78923.46
Total Additions 104377.00 0.00 0.00
Closing Balance 15259.04 14847.13 14458.93

Calculation of Creditors

Purchase 214880.40 214880.40 245577.60

Days 23 23 23
Creditors (Rs. In lakhs) 13540.41 13540.41 15474.75

Calculation of Debtors (on sales)

Sales 291007.75 293317.15 335274.59

Days 30.00 30.00 30.00
Debtors (Rs. In lakhs) 23918.45 24108.26 27556.82

Total Inventory
Raw Material 10,744.02 10,744.02 12,278.88
Work in Process 3,772.34 3,772.34 4,311.25
Finished Goods 12,477.39 12,477.39 14,259.87
Inventory 26,993.75 26,993.75 30,850.00
Add Debtors 23,918.45 24,108.26 27,556.82
Total Current Assets 50,912.20 51,102.01 58,406.82
Less Creditors 13,540.41 13,540.41 15,474.75
Working Capital 37,371.79 37,561.60 42,932.07
Margin for Working Capital 9,342.95 9,390.40 10,733.02

Working Capital Loan 28,028.84 28,171.20 32,199.05

Interest @ 12.5% 12.5% 3,503.61 3,521.40 4,024.88

 IV V VI VII VIII

80% 80% 80% 80% 80%

545728 545728 545728 545728 545728

4800 4800 4800 4800 4800
27286 27286 27286 27286 27286

523242 523242 523242 523242 523242

0.6415 0.6415 0.6415 0.6415 0.6415

335659.49 335659.49 335659.49 335659.49 335659.49

545728 545728 545728 545728 545728

245577.60 245577.60 245577.60 245577.60 245577.60

27286.4 27286.4 27286.4 27286.4 27286.4

12278.88 12278.88 12278.88 12278.88 12278.88

6.72 6.72 6.72 6.72 6.72

245577.60 245577.60 245577.60 245577.60 245577.60
12278.88 12278.88 12278.88 12278.88 12278.88

233292.00 233292.00 233292.00 233292.00 233292.00

545728 545728 545728 545728 545728

0.474 0.474 0.474 0.474 0.474
4311.25 4311.25 4311.25 4311.25 4311.25

545728 545728 545728 545728 545728

 0.5226 0.5226 0.5226 0.5226 0.5226
14259.87 14259.87 14259.87 14259.87 14259.87

545728 545728 545728 545728 545728

10314.26 10314.26 10314.26 10314.26 10314.26

545728 545728 545728 545728 545728

2783.21 2783.21 2783.21 2783.21 2783.21

545728 545728 545728 545728 545728

6221.30 6221.30 6221.30 6221.30 6221.30

545728 545728 545728 545728 545728

26522.38 26522.38 26522.38 26522.38 26522.38

545728 545728 545728 545728 545728

10587.12 10587.12 10587.12 10587.12 10587.12
 IV V VI VII VIII

7492.00 7492.00 7492.00 7492.00 7492.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
7492.00 7492.00 7492.00 7492.00 7492.00
0.00 0.00 0.00 0.00 0.00
7492.00 7492.00 7492.00 7492.00 7492.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

IV V VI VII VIII

6313.92 5998.23 5698.31 5413.40 5142.73

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
6313.92 5998.23 5698.31 5413.40 5142.73
315.70 299.91 284.92 270.67 257.14
5998.23 5698.31 5413.40 5142.73 4885.59
5.00 5.00 5.00 5.00 5.00
315.70 299.91 284.92 270.67 257.14

IV V VI VII VIII

54229.54 46095.11 39180.84 33303.72 28308.16

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
54229.54 46095.11 39180.84 33303.72 28308.16
8134.43 6914.27 5877.13 4995.56 4246.22
46095.11 39180.84 33303.72 28308.16 24061.94
15.00 15.00 15.00 15.00 15.00
8134.43 6914.27 5877.13 4995.56 4246.22
 IV V VI VII VIII

503.01 452.71 407.44 366.69 330.02

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
503.01 452.71 407.44 366.69 330.02
50.30 45.27 40.74 36.67 33.00
452.71 407.44 366.69 330.02 297.02
10.00 10.00 10.00 10.00 10.00
50.30 45.27 40.74 36.67 33.00

IV V VI VII VIII

384.18 345.76 311.19 280.07 252.06

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
384.18 345.76 311.19 280.07 252.06
38.42 34.58 31.12 28.01 25.21
345.76 311.19 280.07 252.06 226.86
10.00 10.00 10.00 10.00 10.00
38.42 34.58 31.12 28.01 25.21

8538.85 7294.03 6233.90 5330.90 4561.57

68922.66 60383.81 53089.78 46855.88 41524.98
0.00 0.00 0.00 0.00 0.00
14092.93 13747.75 13422.09 13114.75 12824.61

245577.60 245577.60 245577.60 245577.60 245577.60 2

23 23 23 23 23 3
15474.75 15474.75 15474.75 15474.75 15474.75 5

335659.49 335659.49 335659.49 335659.49 335659.49

30.00 30.00 30.00 30.00 30.00
27588.45 27588.45 27588.45 27588.45 27588.45

12,278.88 12,278.88 12,278.88 12,278.88 12,278.88

4,311.25 4,311.25 4,311.25 4,311.25 4,311.25
14,259.87 14,259.87 14,259.87 14,259.87 14,259.87
30,850.00 30,850.00 30,850.00 30,850.00 30,850.00
27,588.45 27,588.45 27,588.45 27,588.45 27,588.45
58,438.45 58,438.45 58,438.45 58,438.45 58,438.45
15,474.75 15,474.75 15,474.75 15,474.75 15,474.75
42,963.70 42,963.70 42,963.70 42,963.70 42,963.70
10,740.93 10,740.93 10,740.93 10,740.93 10,740.93

32,222.78 32,222.78 32,222.78 32,222.78 32,222.78

4,027.85 4,027.85 4,027.85 4,027.85 4,027.85

TERM LOAN 100000.00 million

12%

I I Half Year II Half Year Total

Opening Balance 0.00 100,000.00

Disbursement 100,000.00 0.00
Repayment 0.00 0.00 0.00
Closing Balance 100,000.00 100,000.00
Interest 6,000.00 6,000.00 12,000.00
II
Opening Balance 100,000.00 100,000.00
Disbursement 0.00 0.00
Repayment 0.00 7,692.30 7,692.30
Closing Balance 100,000.00 92,307.70
Interest 6,000.00 6,000.00 12,000.00
III
Opening Balance 92,307.70 84,615.40
Disbursement 0.00 0.00
Repayment 7,692.30 7,692.30 15,384.60
Closing Balance 84,615.40 76,923.10
Interest 5,538.46 5,076.92 10,615.39
IV
Opening Balance 76,923.10 69,230.80
Disbursement 0.00 0.00
Repayment 7,692.30 7,692.30 15,384.60
Closing Balance 69,230.80 61,538.50
Interest 4,615.39 4,153.85 8,769.23
V
Opening Balance 61,538.50 53,846.20
Disbursement 0.00 0.00
Repayment 7,692.30 7,692.30 15,384.60
Closing Balance 53,846.20 46,153.90
Interest 3,692.31 3,230.77 6,923.08
VI
Opening Balance 46,153.90 38,461.60
Disbursement 0.00 0.00
Repayment 7,692.30 7,692.30 15,384.60
Closing Balance 38,461.60 30,769.30
Interest 2,769.23 2,307.70 5,076.93
VII
Opening Balance 30,769.30 23,077.00
Disbursement 0.00 0.00
Repayment 7,692.30 7,692.30 15,384.60
Closing Balance 23,077.00 15,384.70
Interest 1,846.16 1,384.62 3,230.78
VIII
Opening Balance 15,384.70 7,692.40
Disbursement 0.00 0.00
Repayment 7,692.30 7,692.30 15,384.60
Closing Balance 7,692.40 0.00
Interest 923.08 461.54 1,384.63

DSCR
I II III IV V VI VII
Profit after taxes 20093.08 11738.11 19746.00 20704.64 22868.33 25775.28 27699.69
Add Depreciation 13735.48 11718.06 10000.81 8538.85 7294.03 6233.90 5330.90
Add Interest on Loan 12000.00 12000.00 10615.39 8769.23 6923.08 5076.93 3230.78
Total 45828.55 35456.17 40362.19 38012.72 37085.43 37086.11 36261.37

Interest 12,000.00 12,000.00 10,615.39 8,769.23 6,923.08 5,076.93 3,230.78

Installment 0.00 7,692.30 15,384.60 15,384.60 15,384.60 15,384.60 15,384.60
Total 12,000.00 19,692.30 25,999.99 24,153.83 22,307.68 20,461.53 18,615.38

DSCR 3.82 1.80 1.55 1.57 1.66 1.81 1.95

 VIII
29530.53
4561.57
1384.63
35476.72 305569.28

1,384.63
15,384.60
16,769.23 159,999.94

2.12 1.91
 MARUTI SUZUKI INDIA LIMITED

ESTIMATE OF PROFITABILITY OF PROPOSED PROJECT (Rs. In million)

Particulars I II III IV V VI VII

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

Sales Revenue
Sales 291007.75 293317.15 335274.59 335659.49 335659.49 335659.49 335659.49

Total Sales 291007.75 293317.15 335274.59 335659.49 335659.49 335659.49 335659.49

Cost of Production :
Material consumption 204136.38 204131.34 233292.84 233292.00 233292.00 233292.00 233292.00
consumption of stores 2435.31 2435.31 2783.21 2783.21 2783.21 2783.21 2783.21
purchase of traded goods 9024.98 9024.98 10314.26 10314.26 10314.26 10314.26 10314.26
215596.67 215591.63 246390.31 246389.47 246389.47 246389.47 246389.47
Less : Stock Adjusted 3772.34 0.00 538.91 0.00 0.00 0.00 0.00

Op.Stock of WIP - Rs. 0 3772.34 3772.34 4311.25 4311.25 4311.25 4311.25

Cl. Stock OF WIP- Rs. 3772.34 3772.34 4311.25 4311.25 4311.25 4311.25 4311.25

Prime Cost 211824.32 215591.63 245851.41 246389.47 246389.47 246389.47 246389.47

Administrative Expenses 23207.08 23207.08 26522.38 26522.38 26522.38 26522.38 26522.38

Depreciation 13735.48 11718.06 10000.81 8538.85 7294.03 6233.90 5330.90

Total Cost of Production 248766.88 250516.77 282374.59 281450.70 280205.88 279145.76 278242.76

Less : Stock Adjusted 12477.39 0.00 1782.48 0.00 0.00 0.00 0.00

Op.Stock - Rs. 0 12477.39 12477.39 14259.87 14259.87 14259.87 14259.87

Cl. Stock - Rs. 12477.39 12477.39 14259.87 14259.87 14259.87 14259.87 14259.87

Cost of Goods Sold 236289.49 250516.77 280592.11 281450.70 280205.88 279145.76 278242.76

Gross Profit 54718.26 42800.38 54682.48 54208.79 55453.61 56513.73 57416.73

Selling & Admn. Expenses:

Selling & Distribution Exp. 9263.73 9263.73 10587.12 10587.12 10587.12 10587.12 10587.12
Interest on Term Loan 12000.00 12000.00 10615.39 8769.23 6923.08 5076.93 3230.78
Interest on Working Capital 3503.61 3521.40 4024.88 4027.85 4027.85 4027.85 4027.85
Preliminary exp. Written off 1246.52 1246.52 1246.52 1246.52 1246.52 0.00 0.00

Total Cost of Sales 262303.35 276548.42 307066.02 306081.42 302990.45 298837.66 296088.50

PBT 28704.40 16768.73 28208.57 29578.06 32669.04 36821.83 39570.98

Total Net Profit Before Tax 28704.40 16768.73 28208.57 29578.06 32669.04 36821.83 39570.98
Income Tax Liability 8611.32 5030.62 8462.57 8873.42 9800.71 11046.55 11871.29
Net Profit After Tax 20093.08 11738.11 19746.00 20704.64 22868.33 25775.28 27699.69
% of Net Profit to Sales 6.90 4.00 5.89 6.17 6.81 7.68 8.25
Profit before dep. , int. and ta 57,943.48 44,008.19 52,849.64 50,913.99 50,913.99 52,160.51 52,160.51
Total Interest 15,503.61 15,521.40 14,640.27 12,797.08 10,950.93 9,104.78 7,258.63
Cash accruals 33828.55 23456.17 29746.80 29243.49 30162.35 32009.18 33030.59
 VIII
(Proj)

335659.49

335659.49

233292.00
2783.21
10314.26
246389.47
0.00

4311.25
4311.25

246389.47

26522.38
4561.57

277473.42

0.00

14259.87
14259.87

277473.42

58186.06

10587.12
1384.63
4027.85
0.00

293473.02
ROE
Return on own capital
42186.47 0.40
42186.47 ROCE
12655.94 Return on capital employed
29530.53 0.13
8.80
52,160.51
5,412.47
34092.10
PROJECTED BALANCE SHEET

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

(A) Opening Capital 50000.00 70093.08 81831.19 101577.18 122281.83 145150.15 170925.43
Add: Profit/ (loss) 20093.08 11738.11 19746.00 20704.64 22868.33 25775.28 27699.69
Closing Balance 70093.08 81831.19 101577.18 122281.83 145150.15 170925.43 198625.12

(B) Term Loan 100,000.00 92,307.70 76,923.10 61,538.50 46,153.90 30,769.30 15,384.70

(C) Working Capital L 28028.84 28171.20 32199.05 32222.78 32222.78 32222.78 32222.78

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

(F) Creditors 13540.41 13540.41 15474.75 15474.75 15474.75 15474.75 15474.75

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

TOTAL LIABILITIE 211662.33 215850.50 226174.09 231517.86 239001.58 249392.26 261707.35

ASSETS :

(A) Fixed Assets (Gross) 104377.00 104377.00 104377.00 104377.00 104377.00 104377.00 104377.00
Less : Depreciation 13735.48 25453.54 35454.34 43993.19 51287.22 57521.12 62852.02
Net Block 90641.52 78923.46 68922.66 60383.81 53089.78 46855.88 41524.98

(B) Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00

(C) Current Assets

- Inventory 26993.75 26993.75 30850.00 30850.00 30850.00 30850.00 30850.00
- Loans & Advance 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- Sundry Debtors 23918.45 24108.26 27556.82 27588.45 27588.45 27588.45 27588.45
- Cash And Bank B 65122.53 82085.46 96351.57 111449.07 127473.34 144097.93 161743.92
- Priliminary exp. 4986.08 3739.56 2493.04 1246.52 0.00 0.00 0.00

TOTAL ASSETS 211662.33 215850.50 226174.09 231517.86 239001.58 249392.26 261707.35

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)

198625.12
29530.53
228155.65

0.00

32222.78

0.00

15474.75

0.00

275853.18

104377.00
67413.59
36963.41

0.00

30850.00
0.00
27588.45
180451.42
0.00

275853.28

-0.10
CASH FLOW STATEMENT
(Rs. In million)
PARTICULARS
0 I II III IV V VI VII

SOURCES OF FUNDS
Net Profit after Tax , Dep. & prel 0.00 35,075.07 24,702.69 30,993.32 30,490.01 31,408.87 32,009.18 33,030.59
Share Capital 50,000.00 50,000.00 0.00 0.00 0.00 0.00 0.00 0.00
Term Loan 100,000.00 100,000.00 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
Increase in WC Loan 28,028.84 142.36 4,027.85 23.73 0.00 0.00 0.00

TOTAL FUNDS AVAILABLE 150,000.00 213,103.92 24,845.05 35,021.17 30,513.74 31,408.87 32,009.18 33,030.59

APPLICATION OF FUNDS
Fixed Assets 104,377.00 104,377.00 0.00 0.00 0.00 0.00 0.00 0.00
Pre-op Exp 6,232.60 6,232.60 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 0.00 37,371.79 189.81 5,370.46 31.64 0.00 0.00 0.00
Repayment of Term Loan 0.00 7,692.30 15,384.60 15,384.60 15,384.60 15,384.60 15,384.60

TOTAL APPL. OF FUNDS 60.00 147,981.39 7,882.11 20,755.06 15,416.24 15,384.60 15,384.60 15,384.60

Opening Balance of Cash 0.00 65,122.53 82,085.46 96,351.57 ### ### ###
Cash accrued during the year 65,122.53 16,962.94 14,266.11 15,097.50 16,024.27 16,624.58 17,645.99
Closing Balance of Cash 65,122.53 82,085.46 96,351.57 ### ### ### ###
 VIII

34,092.10
0.00
0.00
0.00
0.00

34,092.10

0.00
0.00
0.00
0.00
15,384.60

15,384.60

###
18,707.50
###
 Assessment in Working Capital Requirements

I II III IV V

A. CURRENT ASSETS
Stock-in-trade 26993.75 26993.75 30850.00 30850.00 30850.00
Receivables 23918.45 24108.26 27556.82 27588.45 27588.45
Advances 0.00 0.00 0.00 0.00 0.00
Cash and Bank 65122.53 82085.46 96351.57 111449.07 127473.34
Other current assets
Total current assets 116034.73 133187.47 154758.39 169887.53 185911.80

B. Current Liabilities
Sundry creditors 13540.41 13540.41 15474.75 15474.75 15474.75
Statutory liablities 0.00 0.00 0.00 0.00 0.00
Other Current Liabilities 0.00 0.00 0.00 0.00 0.00

Total Current Liabilities 13540.41 13540.41 15474.75 15474.75 15474.75

Current Assets 116034.73 133187.47 154758.39 169887.53 185911.80

Less - Current Liabilities(Exluding Bank fin) 13540.41 13540.41 15474.75 15474.75 15474.75
Working Capital Gap 102494.32 119647.07 139283.64 154412.77 170437.04
Less - 25% of Total Current Assets 29008.68 33296.87 38689.60 42471.88 46477.95
Permissible Bank Finance 73485.64 86350.20 100594.04 111940.89 123959.10
 VI VII VIII

30850.00 30850.00 30850.00

27588.45 27588.45 27588.45
0.00 0.00 0.00
144097.93 161743.92 180451.42

202536.38 220182.37 238889.87

15474.75 15474.75 15474.75

0.00 0.00 0.00
0.00 0.00 0.00

15474.75 15474.75 15474.75

202536.38 220182.37 238889.87

15474.75 15474.75 15474.75
187061.63 204707.62 223415.12
50634.10 55045.59 59722.47
136427.53 149662.03 163692.65
 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
(Amount - 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
es

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

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 Standing requested
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 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