RAGHUVANSHAM FURNITURE

A Proprietorship Firm

CMA DATA

FOR

CC/OD LIMIT

80/B,JANTA NAGAR, GADKHOL, NEAR

ONGC COLONY, ANKLESHWAR-393010
 ASSESMENT OF WORKING CAPITAL REQUIREMENTS
FORM I
Particulars of the existing / proposed limits from the banking system
(Limits from all banks & financial institutions as on date of application)

Name: RAGHUVANSHAM FURNITURE (Amount Rs. In Lacs)

Extent to which
Sr. Name of the Bank Nature of Existing limit were Balance O/s Limits Now
No. Facility Limit utilised during As on Date Requested
the last 12 31-03-2018
months
MAX MIN
1 2 3 4 5 6 7 8

1) CITY UNION BANK Fund Based

CC/ OD (Hypo - - 7.00
of Stock &Book
debt )
ASSESMENT OF WORKING CAPITAL REQUIREMENTS
FORM II : OPERATING STATEMENT

Name: RAGHUVANSHAM FURNITURE (Amount Rs. In Lacs)

Sr No Particulars Actuals Estd. Projected Projected Projected Projected

1 GROSS SALES
i) Sales
a) Jobwork Income & Domestic 7.03 37.50 50.00 62.30 72.90 85.00
Sales
b) Export Sales - - - -
c) Sub-total [a+b] 7.03 37.50 50.00 62.30 72.90 85.00
Total 7.03 37.50 50.00 62.30 72.90 85.00

ii) Other income

a)Commission/interest - 0.05 0.10 0.15 0.20 0.30
b)Other Income 0.00 - - - - -
Sub-total 0.00 0.05 0.10 0.15 0.20 0.30

Total [i] + [ii] 7.03 37.55 50.10 62.45 73.10 85.30

2 COST OF SALES
i) Purchase 3.96 28.90 35.53 41.60 48.40 55.43
ii) Other Trading Exp 1.25 6.67 8.90 11.08 12.97 15.12
iii) Sub-total [i + ii] 5.21 35.57 44.43 52.68 61.37 70.55
iv) Add: Opening stock - 0.70 4.20 8.33 11.40 15.20
v) Sub-total [iii + iv] 5.21 36.28 48.63 61.02 72.77 85.75
vi) Less: Closing Stock 0.70 4.20 8.33 11.40 15.20 19.40
vii) Sub-total [Total cost of sales] [v - 4.50 32.08 40.29 49.62 57.57 66.35
vi]

3 Selling, General & Administrative 0.61 0.95 1.56 2.22 2.96 3.95
Expenses (including bonus
payments)
- - - - - -

4 Operating Profit before interest & 1.91 4.52 8.25 10.61 12.57 15.00
Depreciation [1(iii)-2(vii)-3]

5 Interest & financial Charges - 0.84 0.84 0.84 0.84 0.84

-- Other Loans - - - - - -

6 DEPRECIATION 0.00 0.00 0.00 0.00 0.00 0.00

7 Operating profit after interest and 1.91 3.68 7.41 9.77 11.73 14.16
depreciation [4-5-6]
ASSESMENT OF WORKING CAPITAL REQUIREMENTS
FORM II : OPERATING STATEMENT

Name: RAGHUVANSHAM FURNITURE (Amount Rs. In Lacs)

Sr No Particulars Actuals Estd. Projected Projected Projected Projected

8 (i) Add other non-operating income

(a) Commission Income - - - - - -

(b) Display Income - - - - - -

Subtotal (income) - - - - - -

(ii) Deduct other non-operating

expense
(a) - - - - - -
(b) - - - - - -

Subtotal (expenses) - - - - - -

(iii) Net of other non-operating - - - - - -

incomes/expenses (net of 8(i) &
8(ii))

9 Profit before tax/loss (7+8(iii)) 1.91 3.68 7.41 9.77 11.73 14.16

10 Provision for tax - - 2.29 3.02 3.62 4.37

11 Net profit / (loss)[9-10] 1.91 3.68 5.12 6.75 8.10 9.78

12 (i) Equity dividend paid/ Drawings - - - - - -

13 Retained Profit[11-12] 1.91 3.68 5.12 6.75 8.10 9.78

14 Retained profit / Net Profit (%age) 100% 100% 100% 100% 100% 100%
ASSESMENT OF WORKING CAPITAL REQUIREMENTS
FORM - III : ANALYSIS OF BALANCE SHEET

Name: RAGHUVANSHAM FURNITURE (Amount Rs. In Lacs)

Sr Particulars Actuals Estd. Projected Projected Projected Projected

No

CURRENT LIABILITIES 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23

1 Short term borrowings from bank
(incl. Bills purchased, discounted &
excess borrowings placed on
repayment basis)
(i) From applicant bank - 7.00 7.00 7.00 7.00 7.00
(ii) From other banks 1.26 - - - - -
(iii) of which EP & BD - - - - - -

Sub Total (A) 1.26 7.00 7.00 7.00 7.00 7.00

2 Short term borrowings from others - - - - - -

3 Sundry Creditors - Trade 3.05 3.22 3.56 3.89 4.15 4.40

4 Advance payments from - - - - - -

customers/deposits from dealers

5 Provision for Taxation - - 2.29 3.02 3.62 4.37

6 Dividend Payable - - - - - -

7 Other statutory liabilities (due - - - - -

within one year)

8 Deposits/Instalments of term - - - - - -
loan/DPGs/ Debentures,etc.(due
within one year)

9 Other current liabilites & Provisons 0.16 0.25 0.35 0.45 0.50 0.55
(due within one year)

Sub Total (B) 3.21 3.47 6.20 7.36 8.27 9.32

10 Total Current Liabilities [total of 1 4.47 10.47 13.20 14.36 15.27 16.32
to 9]
ASSESMENT OF WORKING CAPITAL REQUIREMENTS
FORM - III : ANALYSIS OF BALANCE SHEET

Name: RAGHUVANSHAM FURNITURE (Amount Rs. In Lacs)

Sr Particulars Actuals Estd. Projected Projected Projected Projected

No

TERM LIABILITIES 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23

11 Debentures (not maturing within - - - - - -
one year)

12 Preference Shares (redeemable - - - - - -

after one year)

13 Term loans (excluding instalments - - - - - -

payable within one year)

14 Deffered Payment Credits (excl. - - - - - -

instalments due within one year)

15 Term deposits (repayble after one - - - - - -

year)

16 Other term liabilities

(a) Vehicle Loan from Bank - - - - - -
(b) Unsecured loans - 2.50 2.50 2.50 2.50 2.50
(c ) Term Loan - - - - - -
17 Total term liabilities (Total of 11 to - 2.50 2.50 2.50 2.50 2.50
16)

18 Total Outside Liabilites [10+17] 4.47 12.97 15.69 16.86 17.77 18.82
ASSESMENT OF WORKING CAPITAL REQUIREMENTS
FORM - III : ANALYSIS OF BALANCE SHEET

Name: RAGHUVANSHAM FURNITURE (Amount Rs. In Lacs)

Sr Particulars Actuals Estd. Projected Projected Projected Projected

No
NET WORTH
2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
19 Capital
Opening Capital 2.90 1.97 4.75 6.97 10.52 15.18
Additions during the year 0.95 1.20 - - - -
Withdrawals 3.79 2.10 2.90 3.20 3.45 4.20
20 General Reserve - - - - -

21 Share Premium - - - - - -

22 Other reserves (excluding - - - - - -

provisions)

23 Surplus (+) or deficit (-) in Profit & 1.91 3.68 5.12 6.75 8.10 9.78
Loss Account

24 Net worth 1.97 4.75 6.97 10.52 15.18 20.76

25 TOTAL LIABILITIES [18+24] 6.44 17.72 22.66 27.38 32.95 39.58

CURRENT ASSETS

26 Cash & Bank balances 0.29 1.20 1.41 1.45 1.80 1.95

28 Receivables 5.03 8.40 10.42 12.98 13.20 14.40

30 Inventories
(i) Raw materials (including stores
and other items in process of
manufacture)
(a) Imported
(b) Indigenous - - - - - -
(ii) Stock-in-process - - - - - -
(iii) Other consumable stores
(a) Imported - - - - - -
(b) Indigenous - - - - - -
(iv) Finished Goods 0.70 4.20 8.33 11.40 15.20 19.40

31 Advance to suppliers of Raw - - - - - -

materials & stores/spares

32 Advance payment of taxes - - - - - -

33 Other current assets 0.41 2.71 1.30 0.34 1.54 2.62

34 Total Current asset [Total 26 to 6.43 16.51 21.46 26.17 31.74 38.37
33]
ASSESMENT OF WORKING CAPITAL REQUIREMENTS
FORM - III : ANALYSIS OF BALANCE SHEET

Name: RAGHUVANSHAM FURNITURE (Amount Rs. In Lacs)

Sr Particulars Actuals Estd. Projected Projected Projected Projected

No
FIXED ASSETS
2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
35 Gross Block (land & building 0.01 0.01 1.21 1.21 1.21 1.21
machinery work-in-progress)
35A Addition - 1.20 - - - -

36 Depreciation to date 0.00 0.00 0.00 0.00 0.00 0.00

37 NET BLOCK (35-36) 0.01 1.21 1.21 1.21 1.21 1.21

38 Investments/book debts /advances - - - - - -

deposits which are not current
assets

i.(a)Investments in subsidiary - - - - - -
companies/ affiliates
(b)Others - - - - - -

ii.Advances to suppliers of capital - - - - - -

goods & contractors

iii.Deferred recevables (maturity - - - - - -

exceeding one year)

iv. Others - - - - - -

39 Non cosumables stores & spare - - - - - -

40 Other non-current assets (incl. - - - - - -

Dues from director)

41 Total other non-current assets - - - - - -

(Total of 38 to 40)

42 Intangible assets (patents, - - - - - -

goodwill, prelim, expenses, bad/
doubtful debts not provided for
etc.)

43 TOTAL ASSETS (Total of 34,37,41 6.44 17.72 22.66 27.38 32.95 39.58
& 42)
ASSESMENT OF WORKING CAPITAL REQUIREMENTS
FORM - III : ANALYSIS OF BALANCE SHEET

Name: RAGHUVANSHAM FURNITURE (Amount Rs. In Lacs)

Sr Particulars Actuals Estd. Projected Projected Projected Projected

No

44 Tangible net worth (24-42) 2017-18

1.97 2018-19
4.75 2019-20
6.97 2020-21
10.52 2021-22
15.18 2022-23
20.76

45 Net working Capital [(17+24)- 1.96 6.04 8.26 11.81 16.46 22.05
(37+41+42)] Totally with (34-10)

46 Current Ratio [34/10] 1.44 1.58 1.63 1.82 2.08 2.35

47 Total outside liabilites / Net worth 2.27 2.73 2.25 1.60 1.17 0.91
(18/44)
48 Quasi Total outside liabilites / Net 2.27 1.45 1.39 1.10 0.86 0.70
worth (18/44)

ADDITIONAL INFORMATION
A. Arrears of depreciation - - - - - -

B. Contingent Liab-ilities: - - - - - -
(a)Arrears of cummulative - - - - - -
dividends
(b)Gratuity liability not provided - - - - - -
for
(c)Disputed excise/ customs/tax - - - - - -
liabilities
(d)Other liabilities not provided for - - - - - -
 ASSESMENT OF WORKING CAPITAL REQUIREMENTS
FORM - IV : COMPARATIVE STATEMENT OF
CURRENT ASSETS & CURRENT LIABILITIES

Name: RAGHUVANSHAM FURNITURE (Amount Rs. In Lacs)

Sr Particulars Actuals Estd. Projected Projected Projected Projected

No

A. CURRENT ASSETS: 2017-18 2019-20 2020- 2021- 2022-

1 Cash & Bank Balances 0.29 2018-19
1.20 1.41 211.45 221.80 231.95

2 Investments (other than long term

investments)
(i) Government & other Trustee - - - - - -
securities
(ii) Fixed deposits with banks - - - - - -

3 (i) Receivables other than deferred & 5.03 8.40 10.42 12.98 13.20 14.40
exports (incl. Bills purchased &
discounted by banks)
(ii) Export receivable (incl. Bills - - - - - -
purchased & discounted by banks)

4 Instalments of deferred receivable - - - - - -

(due within one year)

5 Inventories
(i) Raw materials (including stores
and other items in process of
manufacture)
(a) Imported - - - - - -
(b) Indigenous - - - - - -
(ii) Stock-in-process - - - - - -
(iii) Other consumable stores - - - - - -
(a) Imported - - - - - -
(b) Indigenous - - - - - -
(iv) Finished Goods 0.70 4.20 8.33 11.40 15.20 19.40

6 Advance to suppliers of Raw materials - - - - - -

& stores/spares

7 Advance payment of taxes - - - - - -

8 Other current assets 0.41 2.71 1.30 0.34 1.54 2.62

9 Total Current Assets [1 to 8] 6.43 16.51 21.46 26.17 31.74 38.37

(To agree with item 34 in Form III) 6.43 16.51 21.46 26.17 31.74 38.37
 ASSESMENT OF WORKING CAPITAL REQUIREMENTS
FORM - IV : COMPARATIVE STATEMENT OF
CURRENT ASSETS & CURRENT LIABILITIES

Name: RAGHUVANSHAM FURNITURE (Amount Rs. In Lacs)

Sr Particulars Actuals Estd. Projected Projected Projected Projected

No
B. CURRENT LAIBILITES (Other than
bank borrowings for working capital) 2017-18 2019-20 2020- 2021- 2022-
2018-19 21 22 23
10 Short term borrowings from other 1.26 - - - - -
banks

11 Sundry Creditors - Trade 3.05 3.22 3.56 3.89 4.15 4.40

- Others - - - - - -
12 Advance payments from - - - - - -
customers/deposits from dealers

13 Provision for Tax - - 2.29 3.02 3.62 4.37

14 Dividend Payable - - - - - -

15 Other statutory liabilities (due within - - - - - -

one year)

16 Deposits/Instalments of term - - - - - -
loan/DPGs/ Debentures,etc.(due
within one year)

17 Other current liabilites & Provisons 0.16 0.25 0.35 0.45 0.50 0.55
(due within one year)

18 Total Current Liabilities [10 to 17] 4.47 3.47 6.20 7.36 8.27 9.32

(To agree with sub-total B-Form III) 4.47 3.47 6.20 7.36 8.27 9.32
ASSESMENT OF WORKING CAPITAL REQUIREMENTS
FORM - V : COMPUTATION OF MAXIMUM
BANK FINANCE FOR WORKING CAPITAL

Name: RAGHUVANSHAM FURNITURE (Amt in Lacs)

Sr Particulars Estd. Projected Projected Projected Projected

No

1 Total Current Assets (Form IV) 16.51 2019-20

21.46 2020-21
26.17 2021-22
31.74 2022-23
38.37
2018-19
2 Other Current Liabilitites (other than 3.47 6.20 7.36 8.27 9.32
bank borrowings) (14 of Form IV)

3 Working Capital Gap (WCP) (1-2) 13.04 15.26 18.81 23.46 29.05

4 Minimum stipulated net working Capital 4.13 5.36 6.54 7.93 9.59
- 25% of total current assets other
than Export Receivables (as at 28(ii) of
form III)

5 Actual/projected net working capital 6.04 8.26 11.81 16.46 22.05

(45 in form III)

6 Item 3 minus item 4 8.91 9.89 12.27 15.53 19.45

7 Item 3 minus item 5 7.00 7.00 7.00 7.00 7.00

8 Maximum permissible bank finance 7.00 7.00 7.00 7.00 7.00

(item 6 or 7 whichever is less)

9 Excess borrowings, if any representing - - - - -

short fall in NWC (4-5)
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
FORM VI : FUND FLOW STATEMENT
(Amount Rs. In Lacs)
Name: RAGHUVANSHAM FURNITURE
Sr Particulars Estd. Projected Projected Projected Projected

1 Sources
2019-20 2020-21 2021-22 2022-23
[a] Net profit (after tax) 3.68 5.12 6.75 8.10 9.78
2018-19
[b] Depreciation 0.00 0.00 0.00 0.00 0.00
[c] Increase in Capital
[d] Increasd in Term Liab. (incl. - - - - -
Public deposits)
[e] Decrease in
[i] Fixed Assets - - - - -
[ii] Other non-current Assets - - - - -
[f] Others (Unsecured Loans) - - - - -
[g] Total 3.68 5.12 6.75 8.11 9.78

2 Application
[a] Net Loss - - - - -
[b] Decrease in Term Liab. (Incl. - - - - -
Public deposits)
[c] Increase in
[i] Fixed Assets (0.00) 1.20 (0.00) (0.00) (0.00)
[ii] Other non-current Assets - - - - -
[d] Withdrawals 2.10 2.90 3.20 3.45 4.20
[e] Others-Unsecured loans (2.50) - - - -
[f] Total (0.40) 4.10 3.20 3.45 4.20

3 Long Term Surplus (+) / Deficit (-) 4.08 1.02 3.55 4.66 5.58
(1 minus 2)

4 (+) / (-) in current assets 10.08 4.95 4.71 5.57 6.63

* ( As per details given below)

5 Increase / Decrease in current 0.26 2.73 1.16 0.91 1.05

Liabilities other than bank
borrowings
6 Increase / Decrease in working 9.82 2.22 3.55 4.66 5.58
capital Gap

7 Net Surplus (+) / deficit (-) (5.74) (1.20) - - -

(Difference of 3 & 6)

8 (+) / (-) in Cash Credit 5.74 - - - -

9 (+) / (-) in Net Sales 30.47 12.50 12.30 10.60 12.10

* Break up of (4)
[i] (+) / (-) in Stock-in-trade 3.50 4.13 3.07 3.80 4.20
[ii] (+) / (-) in Receivables
[a] Domestic 3.37 2.02 2.56 0.22 1.20
[b] Export - - - - -
[iii] Other Current Assets 3.21 (1.20) (0.92) 1.55 1.23
 FORM VI : FUND FLOW STATEMENT
(Amount Rs. In Lacs)
Name: RAGHUVANSHAM FURNITURE
Sr Particulars Estd. Projected Projected Projected Projected

Total 10.08 4.95 4.71 5.57 6.63

2019-20 2020-21 2021-22 2022-23
2018-19
 Net Worth of Dinesh J. Patel as on 31-03-2007

Liabilities Amount Rs. Assets Amount Rs.

in lacs in lacs
Net Worth 687,464 W/36, Maruti Inds. Estate , -
Pandesra, Surat (1/2 Share)
Unsecured Loans 6,714,383 Plant and Machinery 13,050
Creditors For Goods 4,448,921 Other Fixed Assets 240,772
Provisions 1,029,751 Stock in Trade 5,149,784
sundry debtor 7,009,890
Cash & Bank 467,023

12,880,519 12,880,519
 Net Worth of Nikhilbhai R. Sheth as on 31-03-2007

Liabilities Amount Rs. Assets Amount Rs.

in lacs in lacs
Net Worth 3,809,803 B/306, Maharshi Co-op Hsg. Soc., 2,500,000
Rander Rd., Tadwadi, Surat
ABN AMRO Bank 146,730 W/35, Maruti Inds. Estate , 1,250,000
Pandesra, Surat (1/2 Share)
Citi Bank 265,588 Other Fixed Assets 1,915,732
ICICI Bank Car Loan 109,660 Aditya Synthecis 222,334
LIC Loan 152,250 Jagdamba Silk Mills 319,797
Prime Co.op Bank (TUF) 1,442,074 Security Depsoit & EMD 487,718
Prime Co.op Bank (EMG -24) 316,079 Loans & Advances 150,000
Prime Bank Hsg. Loan 92,971 TDS 1,346
Unsecured Loans 610,000 Cash & Bank 98,228

6,945,155 6,945,155
 Alpeshbhai Net worth as on 31.03.07

Liabilities Amount Rs. Assets Amount Rs.

in lacs in lacs
Net Worth 150,262 Loans & Advances 105,000
Cash & Bank 45,262

150,262 150,262
 Net Worth of Hinaben Nikhilbhai Sheth as on 31-03-2007

Liabilities Amount Rs. Assets Amount Rs.

in lacs in lacs
Net Worth 2,174,160 Ornaments 28,000
LIC Loan 33,500 W/35, Maruti Inds. Estate , 1,250,000
Pandesra, Surat (1/2 Share)
Plot no. 14 at Sai Ashirwad 400,000
Unsecured Loans 228,500 Bunglow, Bamroli
Sundry Creditors 1,359,267 Other Fixed Assets 7,690
Invest. In Aditya Synthectics 113,576
Investments 67,600
Loans & Advances 1,153,612
Sundry Debtors 758,462
Cash & Bank 16,487

3,795,427 3,795,427
 Net Worth of Sarojben Dineshbhai Patel as on 31-03-2007

Liabilities Amount Rs. Assets Amount Rs.

in lacs in lacs
W/35, Maruti Inds. Estate , 1,250,000
Net Worth 2,474,239 Pandesra, Surat (1/2 Share)
Unsecured Loans 745,000 Flat No. 102, Ram Laxman Appt. 700,000
Sundry Creditors Plot No. 15 at Sai Ashirwad 400,000
173,689 Bunglow, Bamroli
Sundry Debtors 691,639
Loans & Advances 180,000
TDS 10,222
Cash & Bank 161,067

3,392,928 3,392,928
 Net Worth of Jagdamba Silk Mills as on 31-03-2007

Liabilities Amount Rs. Assets Amount Rs.

in lacs in lacs
Net Worth 2,635,166 Plot at sachin 2,600,000
Secured Loans 198,131 Machinery 71,000
Unsecured Loans 367,000 Sundry Debtors 488,435
Sundry Creditors 1,750 TDS 14,399
Cash & Bank 26,463

3,202,047 3,200,297