ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM I
PARTICULARS OF THE EXISTING / PROPOSED LIMITS FROM THE BANKING SYSTEM
(Limits from all Banks and Financial Institutions as on date of application)

M/S. S.P.GARMENTS AMOUNT:700 Rs. In Lacs

SL Name Of Bank / Nature Of Existing Extent To Which Balance Limits Now

NO Financial Institution Facility Limit Limits Were Utilised Outstanding Required
During Last 12 Months As On Date
MAX MIN
1 2 3 4 5 6 7 8

A. WORKING CAPITAL LIMITS PC / PCFC SP - 790 Lakhs 200 LAKHS

CC/CA NIL 200 LAKHS

TOTAL Rs. 790 lakhs Rs. 400 lakhs

L/C 75 LAKHS
BG 50 LAKHS
BP 175 LAKHS

SL NAME OF BANK / SANCTIONED OUTSTANDING OVERDUES REMARKS

NO FINANCIAL INSTITUTION LIMIT AS ON 27.05.08 IF ANY

B TERM LOANS SP Rs.366 Lakhs Nil Renewal at which

SP Rs.300 lakhs Nil outstanding with the
IL

(excluding working capital SP Rs.200 lakhs Nil repayment programme as

N

term loans) SL Rs.75 lakhs Nil per the terms of original

sancion
 (Rupees in Lakhs)
31/3/18 31/3/19 31/3/20 31/3/21
Last Two Years Actuals
Current Following
PARTICULARS (As per audited (As per audited Year Year
Balance Sheet) Balance Sheet) Provisional Projection
(Unaudited)

1. GROSS SALES
a). Domestic Sales 15.54 33.05
b). Export Sales
C). Other Income
2. Net Sales (1-2) 15.54 33.05 - -
3. Duty drawback
Total Income 15.54 33.05 44.00 50.00

5.COST OF SALES
i) Raw Materials (Including stores and 6.88 17.25 - -
other items used in the process of
manufacture)
a) Imported - - - -
b)Indigenous 10.00 10.00 10.00 15.00
ii) Other Spares
a) Imported - - - -
b)Indigenous - - - -
iii) Power & Fuel
iv) Direct Labour
(Factory Wages & Salaries) 4.29 7.01
v)Other Manufacturing Expenses 1.39 2.14
vi) Depreciation 0.09 0.82

vii) SUB TOTAL (i to vi) 22.65 37.22 10.00 15.00

viii) ADD: Opening Stock in Process

ix) Deduct Closing Stock in Process
x) Cost of Production 22.65 37.22 10.00 15.00
xi) ADD: Opening Stock of Finished Goods
xii) Deduct: Closing Stock of Finished Goods
xiii) SUB-TOTAL (Total Cost of Sales) 22.65 37.22 10.00 15.00

6. Selling, General & Admn.Expenses 0.79 0.83

7.SUB-TOTAL (5+6) 23.44 38.05 10.00 15.00
8. Operating Profit before interest (3-7) (7.90) (5.00) 34.00 35.00
9. Interest & Bank charges 0.07 0.62
10.Operating Profit after interest (8-9) (7.97) (5.62) 34.00 35.00
11. i) Add: Other non-operating income
a) Insurance Claim received
b) Misc Income
 31/3/18 31/3/19 31/3/20 31/3/21
Last Two Years Actuals
Current Following
PARTICULARS (As per audited (As per audited Year Year
Balance Sheet) Balance Sheet) Provisional Projection
(Unaudited)
b) Gain on Sale Of Assets
SUB TOTAL (INCOME) - - - -
ii) Deduct: Other non-operating expenses
a) Bad Debts Written Off -
b)
SUB TOTAL (EXPENSES) - - - -
iii) Net of other non-operating income/
expenses (net of 11 (i) & 11(ii) - - - -
12. Profit before tax/loss (10+11(iii) (7.97) (5.62) 34.00 35.00
13. Provision for taxes 10.00 11.00
14. Net Profit/Loss (12-13) (7.97) (5.62) 24.00 24.00
15. A) Equity Dividend - - - -
B) Dividend Rate/ Drawings - - -
16.Retained Profit (7.97) (5.62) 24.00 24.00
17.Retained Profit (%age) 100% 100% 100% 100%
 FORM III: ANALYSIS OF BALANCE SHEET
(Rupees in Lakhs)
31/03/18 31/03/19 31/03/20 31/03/21
Last Two Years Actuals

PARTICULARS Current Following

(As per audited (As per audited Year Year
Balance Sheet) Balance Sheet) Provisional Projection
(Unaudited)
CURRENT LIABILITIES:

1. Short term borrowings from banks (incld.

bills purchased discounted & excess
borrowings placed on repayment basis)
i) From applicant bank 2.00 4.33 5.00 5.00
ii) From other banks - - 2.00 2.50
iii) FBP ( FOREIGN BILL PURCAHSE FROM UCO

SUB TOTAL (a) 2.00 4.33 7.00 7.50

2 A. Short term borrowings from UCO BANK - -

2 B. Short term borrowings from others
3. Sundry Creditors (Trade) 0.42 0.85 1.00 1.25
4. Advance payments from customers/
deposits from dealers - - - -
5. Provision for taxation 0.12 0.11 0.30 0.40
6. Dividend payable - - - -
7. Other Statutory Liabilities 0.10 0.64
(due within one year) - - - -
8. Deposits/instalments of term loans/DPGS/ -
(due within one year) - -
(Specify Major items)
SUB TOTAL (B) 0.64 1.60 1.30 1.65

10. TOTAL CURRENT LIABILITIES

(Total of 1 to 9) 2.64 5.93 8.30 9.15

TERM LIABILITIES:

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

12. Preference Shares (redeemable after one year - - - -
13. WCTL (excluding instalments payable - - -
within one year)
14. Deferred Payment credits (excldg. Instalments
due within one year) - - - -
15. Term deposits (repayable after one year) - - -
16. Other term Liabilities (Promoters Unsec. Loan)
17. TOTAL TERM LIABILITIES
(Total of 11 to 16) - - - -
18. TOTAL OUTSIDE LIABILITIES
(10 + 17) 2.64 5.93 8.30 9.15
19. Ordinary Share Capital
20. General Reserve 3.00 7.16 10.00 12.00
21. Revaluation Reserve - - - -
 FORM III: ANALYSIS OF BALANCE SHEET
(Rupees in Lakhs)
31/03/18 31/03/19 31/03/20 31/03/21
Last Two Years Actuals

PARTICULARS Current Following

(As per audited (As per audited Year Year
Balance Sheet) Balance Sheet) Provisional Projection
(Unaudited)
22. Other reserves (excluding provisions) - - - -
Sister concerns - - - -
23. Surplus (+) or deficit (-) in Profit & Loss
account - - - -
24. NET WORTH 3.00 7.16 10.00 12.00
25. TOTAL LIABILITIES (18 +24) 5.64 13.09 18.30 21.15

CURRENT ASSETS:

26. Cash and bank balance 4.48 2.54

27. Investments (other than long term investments)
i) Government & Other Trustee securities - - - -
ii) Fixed Deposit with banks
iii) Other deposits - - - -
28.i) Receivables other than deferred & exports 3.26 5.88
incldg.bills purchased & discounted by banks)
ii) Export receivables (incldg. Bills purchased/
discounted by banks)
29. Instalments of deferred receivables
(due within one year) - - - -
30. Inventory:
i) Raw Materials (incldg. Stores & Other items - - - -
used in the process of manufacture - - - -
a) Imported - - - -
b) Indigenous
ii) Stocks in process - - -
iii) Finished goods: - - -
iv) Other consumable spares - - - -
a)Imported - - - -
b)Indigenous - - -
31. Advances to suppliers of raw materials &
spares/stores & others - - -
32. Advance payment of taxes - - -
33. Other current assets (specify major items)
34. TOTAL CURRENT ASSETS (Total of 26 to 33) 7.74 8.42 - -

FIXED ASSETS:

35. WDV of Opening Block 1.26 5.49 4.67 4.67

35.a) Additions During the Year -
Total (35+35(a)) 1.26 5.49 4.67 4.67
35.b) Deletion During the Year - -
36. Depreciation Block 0.09 0.82 - -
37. WDV of Closing Block (35-36) 1.17 4.67 4.67 4.67
 FORM III: ANALYSIS OF BALANCE SHEET
(Rupees in Lakhs)
31/03/18 31/03/19 31/03/20 31/03/21
Last Two Years Actuals

PARTICULARS Current Following

(As per audited (As per audited Year Year
Balance Sheet) Balance Sheet) Provisional Projection
(Unaudited)
OTHER CURRENT ASSETS:
38.Investments/book debts/advances/deposits
which are not current assets. - - - -
I) (a) Investments in subsidiary companies/affiliate - - - -
(b) Others - - - -
II)Advances to suppliers of capital Goods & Contrac - - - -
III)Deferred receivables (maturity exceeding 0ne y - - - -
IV) Others - - -
39.Non-Consumable stores & spares - - - -
40.Other non-current assets incldg.dues from
directors - - -
41. TOTAL OTHER NON-CURRENT ASSETS - - - -
(Total of 38 to 40)
42. Intangible assets ( patents goodwill
prelim.expenses bad/doubtful not provided for) - - - -
43. TOTAL ASSETS (Total of 34,37,41 & 42) 8.91 13.09 4.67 4.67
44. TANGIBLE NET WORTH (24-42) 3.00 7.16 10.00 12.00
45. NET WORKING CAPITAL
(17+ 24)-(37+41+42) TO tally with (34-10) 1.83 2.49 5.33 7.33
46. CURRENT RATIO (ITEM 34/10) 2.93 1.42 - -
47. Total Outside Liabilities/Tangible Net Worth
(18/44) 0.88 0.83 0.83 0.76

- UN SECURED LOAN FROM PROMOTERS

FAMILY IS TAKEN AS PART OF NET WORTH
3.00 7.16 10.00 12.00
48. DEBT EQUITY RATIO 1.88 1.83 1.83 1.76
ADDITIONAL INFORMATION
(A) Arrears of Depreciation - - - -
(B) Contingent liabilities
(I) Arrears of cumulative dividends - - - -
ii) Gratuity liability not provided for - - - -
iii) Disputed excise/customs/tax liabilities - - - -
iv) Other Liabilities not provided for - - - -
 FORM IV
COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES

(Rupees in Lakhs)
31/03/18 31/03/19 31/03/20 31/03/21
Last Two Years Actuals

PARTICULARS Current Following

(As per audited (As per audited Year Year
Balance Sheet) Balance Sheet) Provisional Projection
(Unaudited)
A. CURRENT ASSETS:

1) Raw Materials (incld. Stores &

other items used in the process
of manufacture)
(a) Imported: - - - -
Months consumption - - - -
(b) Indigenous: - - - -
Months consumption

2) Other consumable spares excluding

those included in 1 above
(a) Imported: - - - -
Months consumption - - - -
(b) Indigenous: - - - -
Months consumption

3) Stocks in process - - - -
Months' cost of production

4) Finished Goods - - - -
Months' cost of sales - - - -
Export material

5) Receivables other than export & - - - -

deferred receivables (incld. Bills
purchased & discounted by bankers)
Months' domestic sales excluding
deferred payment sales

6) Export receivables (incl. Bills purch. & dis.) - - - -

Months' export sales

7) Advances to suppliers of raw - - - -

materials & stores/spares consumables

8) Other current assets incld. Cash & 4.48 2.54 - -

Bank balances, deferred receivables
due within one year (specify major items)
9) TOTAL CURRENT ASSETS 4.48 2.54 - -
(To agree with item 34 in Form III)
 FORM IV (CONTINUED)
COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES

(Rupees in Lakhs)
31.03.07 31.03.08 31.03.09 31.03.10
Last Two Years Actuals

PARTICULARS Current Following

(As per audited (As per audited Year Year
Balance Sheet) Balance Sheet) Provisional Projection
(Unaudited)

B. CURRENT LIABILITIES:
(Other than bank borrowings
working capital) - - - -

10. Creditors for purchase of raw

materials, stores & consumable spares
Months' purchases 0.42 0.85 1.00 1.25

11. Advances from customers - - - -

12. Statutory Liabilities 0.12 0.11 0.30 0.40

13. Other current liabilities - - - -

(specify major items) Short Term
borrowings, unsecured loans,
dividend payable, instalments of
TL, DPG, Public Deposits, debenture etc. - - - -

14. TOTAL
(To agree with item 10 in Form III) 0.54 0.96 1.30 1.65
FORM V
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(Rupees in Lakhs)
31/03/18 31/03/19 31/03/20 31/03/21
Last Two Years Actuals

PARTICULARS Current Following

(As per audited (As per audited Year Year
Balance Sheet) Balance Sheet) Provisional Projection
(Unaudited)

1. Total Current Assets (9 in Form IV) 4.48 2.54 0.00 0.00

(Of which Export receivables) 0.00 0.00 0.00 0.00

2. Other Current Liabilities

(Other than bank borrowing(14 of Form IV) 0.54 0.96 1.30 1.65

3. Working Capital Gap 3.94 1.58 -1.30 -1.65

4. Min. stipulated net working capital

I.e. 25% of WCG/25% of total current assets
as the case may be depending upon the method
of lending being applied. (Export receivables
to be excluded under both methods) 1.00 0.00 0.00 -2.00

5. Actual/Projected net working capital

(45 in Form III) 1.83 2.49 5.33 7.33

6. Item 3 minus item 4 2.94 1.58 -1.30 0.35

7. Item 5 minus item 3 2.11 -0.91 -6.63 -8.98

8. Maximum permissible bank finance 2.94 1.58 -1.30 0.35

(Item 6 or 7 Which ever is Lower)

9. Excess borrowings (0.83) (2.49) (5.33) (9.33)

representing shortfall in NWC (4-5)
FORM VI : FUND FLOW STATEMENT
(Rupees in Lakhs)
31/03/19 31/03/20 31/03/21

Current
PARTICULARS (As per audited (As per audited Year
Balance Sheet) Balance Sheet) Provisional
(Unaudited)
1. SOURCES
a) Net Profit (after tax) (5.62) 24.00
b) Depreciation 0.82 -
c) Increase in capital - - -
d) Increase in Term Liabilities(incldg Public
deposits) - - -
e) Decrease in
I) Fixed Assets - - -
ii) Other non-current assets - -
f) Others (Directors Loan) -
TOTAL - (4.80) 24.00

2. USES
a) Net Loss - - -
b) Decrease in Term Liabilities - -
(Including public deposits)
c) Increase in :
I) Fixed Assets - -
ii) Other non-current assets - - -
d) Drawings -
e) Others Term Loan - - -
TOTAL - - -

3. Long Term Surplus (+)/Deficit(-) (1-2) - 4.80 (24.00)

4, Increase / (decrease) in current assets (0.68) (8.42)
5. Increase / (decrease) in current liabilities (3.29) 2.37
Other than Bank Borrowings
6. Increase / decrease in working capital gap - (2.61) 10.79
7. Net surplus (+)/ deficit(-) (Diff. of 3&6) - 7.41 (13.21)
8. Increase / decrease in Bank Borrowings 2.33 0.67

Note: Increase/ Decrease under items 4 to 8 as also under break-up of (4) should be indicated
by (+) (-)